In many companies, there’s this policy which requires awarded budget that must be spent completely once it’s approved. If the annual spend is below the allocated annual amount, there’s a chance next FY you won’t get the requested budget you asked for.
– why do such policy exist?
Isn’t it better to carry over unused expenses to the next FY? Saving expenses expenditure is a bad thing? Such a policy encourages employees to spend extravagantly the remainder amount nearer to FY-end.
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My company i worked for (large isp) bought all field service technicians new computers because we had to much money over
If we didnt, next year they might give us a lower budget… So they spent money like crasy while looking for ways to save on other things. Like some money saving tactics were ridiculously backwards and making the job harder to do, but hey free laptops is ok. Companies are absolutely stupid
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