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

 

 

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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.

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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 Mumbai 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.

Mumbai is situated within the West Coast of India, as well as it being the capital of Maharashtra, it plays an important part within the global economics system. Bombay as the city was previously known as, up until 1995 is also known as an alpha world city and has the largest number of millionaires and billionaires across India, with it therefor being noted as the wealthiest city in India. Mumbai is home to around 18.4 million people and is regarded as the second largest metropolitan population within India as of the record in 2011 with 20.7 million people. Schools and Colleges within Mumbai can be found within the city as well as the suburbs and are either run privately, by the government or the Brihanmumbai Municipal Corporation. Secondary schools are operated by the MCGM primary education system to which it is schooling around 485,531 students in 1,188 primary schools and around 55,576 students in 49 secondary schools within eight different languages these being English, Hindi, Urdu, Kannada, Marathi, Tamil, Gujarati and Telugu. Colleges offer students opportunities to participate within Junior college level, undergraduate level, BCom, BSc and BA courses. As stated by the 10+2+3/4 plan students complete ten years at school to then go on to a junior college and study either science, commerce or arts and they complete that over a two year period. University courses at a degree level are offered in a wide range of different subjects such as engineering, law, media, applied arts and architecture, management, dental, pharmacy as well as Commerce and Science. There are a few universities and colleges within Mumbai and these are the University Institute of Chemical Technology, Indian Institute of Technology (Bombay), SNDT Women’s University, Government Law college, Veermata Jijabai Technological Institute, Narsee Monejee Institute of Management Studies, Sir J. J. School of Art which is the oldest art institution within Mumbai along the Thadomal Shahani Engineering College which is also the oldest private engineering college and the first of its kind to join up with the University of Mumbai to be able to give students the chance to learn about the biomedical engineering, computer engineering, biotechnology and information technology. The University of Mumbai is regarded to be one of the premier universities within India with achievements such as being placed within the top 50 engineering schools of the world ranking at 41 by the American Business Insider within 2013 as well as excelling as the 3rd best multi-disciplinary university within the QS university rankings within India.   

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Address

Safal Institute 
613, Corporate Centre
Nirmal Lifestyles Mall
LBS Marg
Mulund (W)
Mumbai 400080

T: +91 8037244591

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 Mumbai. 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.

Unlock your potential with The Knowledge Academy's HR Training | Human Resource Budgeting Training in Mumbai, 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.

Experience the most sought-after learning style with The Knowledge Academy's HR Training | Human Resource Budgeting Training in Mumbai. 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 Mumbai sessions.

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

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Small class sizes

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

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

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.

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

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

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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

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Monitor employees progress

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

What our customers are saying

HR Training | Human Resource Budgeting Training in Mumbai FAQs

HR budget is a yearly projection of an organisation's costs and expenditures related to human resources.
There are no formal prerequisites for attending this Human Resource Budgeting Training 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
Budgeting for human resources enables employees to plan their yearly financial activities.
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.
This course is [ 1 ] day(s)
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.
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.
The training fees for Human Resource Budgeting Trainingin Mumbai starts from INR27995
The Knowledge Academy is the Leading global training provider for Human Resource Budgeting Training.
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Flexible delivery methods are available depending on your learning style.

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Resources are included for a comprehensive learning experience.

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"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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