What is Human Resource Budgeting Training?

The Human Resource Budgeting Training course is designed to equip professionals with the essential skills to manage HR budgets effectively, ensuring that HR activities align with organisational financial goals. This course focuses on the practical aspects of budgeting, including cost planning, forecasting, and resource allocation, allowing learners to develop and manage budgets that drive HR and business success.

In today’s data-driven environment, understanding how to create and manage HR budgets is crucial for HR professionals and managers who are responsible for aligning HR initiatives with broader financial goals. Learners will gain the expertise to plan and control HR-related costs, ensuring that resources are allocated efficiently and within budgetary constraints.

This intensive 1-day course combines theoretical knowledge with practical exercises and case studies to ensure that learners can apply budgeting concepts in real-world scenarios. Participants will also gain insights into financial reporting, cost control strategies, and the role of HR budgeting in business strategy.
 

Course Objectives
 

  • To understand the principles of HR budgeting and cost management

  • To develop skills in creating and managing HR budgets

  • To align HR strategies with financial goals

  • To learn forecasting and resource allocation techniques

  • To evaluate the impact of HR costs on organisational performance

Upon completion, learners will be equipped to develop comprehensive HR budgets that support business objectives and optimise financial resources in HR functions.

 

Course Outline

Human Resource Budgeting Training

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 an 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

Included

Included

  • No course includes are available.

Offered In This Course:

  • vedio Video Content
  • elearning eLearning Materials
  • exam Study Resources
  • certificate Completion Certificate
  • study Tutor Support
  • workbook Interactive Quizzes
Individual Training

Individual Training fosters personal growth, enhances professional skills, and builds confidence.

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Corporate Training

Corporate Training improves employee skills, increases productivity, and aligns teams with company objectives.

Learning Options

Discover a range of flexible learning options designed to meet your needs. Select the format that best supports your personal growth and goals.

Online Instructor-Led Training

  • Live virtual classes led by experienced trainers, offering real-time interaction and guidance for optimal learning outcomes.

Online Self-Paced Training

  • Flexible learning at your own pace, with access to comprehensive course materials and resources available anytime, anywhere.

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We empower you with the skills, knowledge, and confidence to excel in your career. Join us and take the first step towards realising your professional goals.

Frequently Asked Questions

Q. Do I need prior budgeting experience to take this course?

No prior budgeting experience is required. This course is designed to provide the foundational knowledge and practical skills necessary to manage HR budgets, regardless of your previous experience.

Q. What will I learn in this course?

You will learn to develop and manage HR budgets, allocate resources effectively, forecast costs, and align HR strategies with financial objectives, ensuring that HR activities support business goals within budget constraints.

Q. How is the course delivered?

The course is delivered through a combination of interactive lessons, practical exercises, and real-world case studies, providing hands-on experience in HR budgeting and cost management.

Q. Is this course suitable for senior HR professionals?

Yes, this course is ideal for senior HR professionals who need to manage HR budgets strategically and align them with business and financial goals. It also helps improve budget forecasting and cost control.

Q. Will this course help me manage HR budgets at a company-wide level?

Absolutely. The course equips you with the skills to manage HR budgets at both the departmental and organisational levels, helping you make data-driven decisions and optimise HR-related costs for the business.

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