In addition, provide payroll information in this section. How much money will each employee be paid and what is the pay period for each employee. It is important to figure out how much each employee will be paid and how often so that cash flow can be managed accurately. If your organization is paid once per quarter, and employees are paid once every two weeks, you will need to have sufficient reserves to cover employee expenses until cash flows into the organization. When determining employee expenses, be sure to include the cost of any benefits the organization will provide to employees.
In this section, how each section of the company works and how those sections are related to each other will be detailed. Placing an organizational chart in this section is a good idea because it provides a clear representation of how each division works. It should be clear who reports to whom. Be sure to detail the order in which functions should take place. Keep in mind, one function of the business plan is to guide everyday operations. If your personnel section is detailed and accurate, it can be used as a manual for employees on a day-to-day basis. In addition, if your business plan is accurate and well done, anyone in or outside your organization can use it to run your business if you are called away for an emergency circumstance.