Budgeting for HR course will provide delegates with the skills needed to fully understand the costs involved with HR that allow them to present a realistic case to It will feature case studies, business simulation and practical group exercises to show delegates how to prepare, monitor and control the HR budget and, most importantly, understand the link between organizational finance and HR budgets.
The human resources budget refers to the funds that HR allocates to all HR processes enterprise-wide. The HR budget will include funds allocated to hiring, salaries, benefits, talent management, training, succession planning, workforce engagement, and employee wellness planning.
HR budgets use financial information, performance results and historical data from every department.
12 Hrs
Training Objectives
By the completion of the training, the trainee will be able to:
- Understand the basics of Organizational finance
- Know the components of HR Budget
- Link the role of manpower planning to the financial aspect
- Develop a manpower plan
- Understand the tips and tricks in budget control
- Present the budget with basics of ROI science
Training Audience
- HR professional with more than 5 years of experience in the field
- Department Managers