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.