HR Training | Human Resource Budgeting Training in Munich

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Human Resource Budgeting Training

Munich

Become familiar with roles and responsibilities of HR within an organisation.
Understand the structure, functions, and challenges of the HR department.
Attain knowledge of human resources to evaluate improved compensation.

Dates & Prices Dates & Prices

Course information

Human Resource Budgeting Training Course Outline

Module 1: Introduction to HR Budget

Introduction to Budget
What is HR Budget?
Importance of HR Budget
What Does an HR Budget Include?
Why Do You Need to Plan HR Budget?

Module 2: Components of HR Budget

HR Planning
Recruitment
Remuneration
Performance Management
Administration

Module 3: Employment Law

Employment Contracts
Data Protection
Health and Safety Regulations
Grievance, Discipline, and Dismissal
Redundancy
TUPE
- Transfers Covered by TUPE
- Transfers not Covered by TUPE
- TUPE and the Employee

Module 4: HR Policy

Devising the HR Agenda and Strategy
HR Policy Documentation
Creating an HR Policy Manual
HR Policy Reviews
Management of the Development of New HR Policies and Procedures
Implementation of New HR Policies and Procedures

Module 5: Payroll Functions

Salary Components
Designing CTC
Salary Processing
Attendance Management System
Full and Final Settlement
Professional Tax
Income Tax
TDS and LOP
Overtime (OT) Wages

Module 6: Employee Relations

Support of Grievance Cases
Communication with Employees
Effective Employee Communication
Conflict Management
Employee Engagement

Module 7: Role of Manpower Planning within an Effective Organisation

Introduction to Manpower Planning
Steps in Manpower Planning
Importance of Manpower Planning
Need of Manpower Planning

Who Should Attend the Human Resource Budgeting Training Course?

The Human Resource Budgeting Training is designed for HR professionals, managers, and finance personnel who are involved in budgeting and financial planning within the HR function. This course will be beneficial for professionals, such as:

Human Resource Managers
HR Business Partners
Compensation and Benefits Managers
Talent Acquisition Specialists
Development Managers
HR Analysts
Finance Managers and Analysts
Budgeting and Planning Professionals
Department Heads

Prerequisites of the Human Resource Budgeting Training Course

There are no formal prerequisites to attend the Human Resource Budgeting Training Course. However, a basic knowledge in Human Resource management would be beneficial.

Human Resource Budgeting Training Course Overview

HR (Human Resource) is a group of people who oversee employee management, which includes recruiting, hiring, onboarding, training, firing, and administering employee benefit programmes. HR (Human Resource) Budget is a yearly projection of an organisation's costs and expenditures. Budgeting for human resources enables employees to plan their yearly financial activities.

This training helps individuals who want to become HR make wise decisions on the selection, development, and training of staff members. Studying this training equips learners with payroll functions for the calculation of each employee’s salary owing based on the terms of their payment agreement. Pursuing this training helps individuals get equipped with the necessary skills and techniques to enhance their career opportunities and increase their earnings.

The Knowledge Academy’s 1-day Human Resource Budgeting Training course provides delegates with comprehensive knowledge about HR budgeting that helps organisations understand their staffing needs. During this training, they will become familiar with HR budget funds that are used for salaries, training and development, and hiring of employees. They will also learn about employment laws that protect the rights of employees and employers. This course will be led by our highly skilled and knowledgeable trainer, who has years of experience in teaching and will help delegates get a complete understanding of this course.

Course Objectives

To understand organisation goals and the overall corporate plan
To learn how to create department budgets and methods of HR budgeting
To identify the areas of flexibility and monitor the budget regularly
To establish HR policies for encouraging fairness within an organisation
To compile all job-related information that an employee must know
To learn about human resource planning and recruitment processes

At the end of this training, delegates will be able to create a budget for HR and link the HR budget with organisational finance and monitoring. They will also be able to control and build the budget and identify the key elements and cost factors in HR.

What’s included in this Human Resource Budgeting Training Course?

World-Class Training Sessions from Experienced Instructors
Human Resource Budgeting Certificate
Digital Delegate Pack

Why choose us

Our Munich venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Munich is the largest and capital city of the German state Bavaria. It has an estimated population of about 1.5 million inhabitants; making Munich the third largest city in Germany, after Berlin and Hamburg. The educational system in Munich is also run by the German state and is compulsory for children to attend school up to the age of 18; and offers many public and private schools for children. The school system and is divided into four levels: Kindergarten Education is for children aged from three to 6, Elementary Education (Grundschule) is from Grade 1 to Grade 4, After Elementary School, children can go onto one of the three types of schools, Hauptschule, Realschule or Gymnasium, depending on their academic ability, academic achievement, self-confidence, the ability to work independently, and student’s family wishes; These Secondary education are form Grades 5 to 9 or 10 and is compulsory up to the age of 18, and Higher Education.

The city also offers scientific research institutions including The Max Planck Society which is an independent non-profit German research organisation. Munich has many universities including The Ludwig Maximilian University (LMU), also known as University of Munich, and The Technische Universität München (TUM); the University of Munich was established in 1472 making it the oldest university in the German state. The Ministries of Education and Research of the Federation and the German states (Länder) awarded these two of the first three German universities the title ‘Elite University’. The Ludwig Maximilian University (LMU) and the Technische Universität München (TUM) and the Technical University of Karlsruhe (Karlsruhe Institute of Technology) are considered Elite Universities thus have grater chances for research funds.

Munich is well known for the amount of Nobel Prize laureates starting with Nobel Prize laureates from 1901 including Wilhelm Conrad Röntgen to 2005 with Theodor Hänsch.

Address

Novotel Hotel
Munich Airport
Nordallee 29
Munich
85356 DE

T: +49 8000101090

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led HR Training | Human Resource Budgeting Training in Munich. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

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Unlock your potential with The Knowledge Academy's HR Training | Human Resource Budgeting Training in Munich, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Learn more in our FAQs

Experience the most sought-after learning style with The Knowledge Academy's HR Training | Human Resource Budgeting Training in Munich. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led HR Training | Human Resource Budgeting Training in Munich sessions.

Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

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Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

Learn more in our FAQs

What our customers are saying

I just finished the Human Resource Budgeting Training with trainer Vivek Singh. It has been fantastic! It was a 1-on-1 training session, which I liked as I was able to ask questions and got a lot of content. I feel like I learned a lot and appreciated the time and effort from Vivek. He explained it very well and was knowledgeable. Also, I like the fact he gave examples and shared documents/information afterward. Thanks, Vivek

Larissa Wieland

HR Training | Human Resource Budgeting Training in Munich FAQs

What is the HR budget?

HR budget is a yearly projection of an organisation's costs and expenditures related to human resources.

What are the pre-requisites?

There are no formal prerequisites for attending this Human Resource Budgeting Training course.

Who should attend this course?

This training course is intended for anyone who will be responsible for human resources management. However, this training course will be more beneficial for: • Supervisors • HR Managers

What are the benefits of the HR budget?

Budgeting for human resources enables employees to plan their yearly financial activities.

What does Human Resources (HR) do within an organisation?

HR is responsible for recruiting employees, hiring the right employees, processing payrolls, conducting disciplinary actions, updating policies, maintaining employees' records, and conducting benefit analysis within an organisation.

What is the duration of this course?

This course is [ 1 ] day(s)

Why should I choose HR (Human Resources) as a career?

An Influential position, a handsome salary package, the ability to alter people's lives, a secure position, helping with the development of other employees, a fast-growing industry, and working with new faces are the top reasons to choose HR as a career.

What will I learn in this Human Resource Budgeting Training course?

In this Human Resource Budgeting Training course, you will learn about HR budgets, various components of HR budgets, employment law, payroll functions, employee relations, the roles of manpower planning within an effective organisation, and other related concepts.

What is the cost/training fees for Human Resource Budgeting Training in Munich?

The training fees for Human Resource Budgeting Trainingin Munich starts from €1195

Which is the best training institute/provider of Human Resource Budgeting Training in Munich?

The Knowledge Academy is the Leading global training provider for Human Resource Budgeting Training.

What are the best HR Leadership Courses courses in Munich?

Please see our HR Leadership Courses courses available in Munich

Why choose us

Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

Many delivery methods

Flexible delivery methods are available depending on your learning style.

High quality resources

Resources are included for a comprehensive learning experience.

"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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