You can define budgets against an organization, job, grade, position, or any combination of these. You can monitor the budgets by comparing the budget values with actual values derived from employee assignments.
For example, you might define a headcount budget of two for the position Marketing Manager. The variance of the actual value from the budget value depends on the number of employees assigned to that position at any time. A negative variance indicates a vacancy.
Setting Up Budgets
Viewing and Reporting Budget Variances