HR Budgeting: Translate Your Goals Into Revenue Terms
1 hour 30 minutes
Gain an insight on key concepts and issues surrounding the HR budget process.
The word “budget” often evokes many emotions - fear, intimidation, frustration, boredom, and even anger. The thought of having to quantify or justify every HR activity can be overwhelming, but it does not have to be. In this topic, you will learn to harness the power of budgets by developing a well thought out financial plan that guides your department through the upcoming months and years. Once you understand the budgeting process, you can create an effective and empowering budget that will wow your boss!
• You will be able to recognize the purpose and importance of budgets.
• You will be able to define different types of budgets.
• You will be able to discuss budget cycles and processes.
• You will be able to describe forecasting methods.