Overview

The human resources budget refers to the funds that HR allocates to all HR processes enterprise-wide. The HR budget will include funds allocated to hiring, salaries, benefits, talent management, training, succession planning, workforce engagement, and employee wellness planning. HR budgets use financial information, performance results and historical data from every department. Since the HR budget considers HR activities company-wide, it is an incredibly complex yet essential document to determining a company’s future HR activities. In this course we will empower you to make Complex forecasting on number of employees, calculate employee turnover rates, study salary data, define recruitment budget, set benefits programs and more complex tasks included in the HR financial management missions.

Course Objective

By the end of this course participant will be able to:

• Recognize the HR budgeting process.
• Understand the basic Information included in the HR budget.
• Practice and understand how to prepare HR budget.
• Use the HR budget to understand the organisation's staffing needs.
• To analyse the HR budget plan and make decisions accordingly.
• Develop advanced professional budgeting techniques which will help you manage and forecast effectively

Certificates and Associations

• KHDA - Accreditation of the Knowledge Authority - Dubai: All of our courses are accredited by the Knowledge and Human Development Authority in the United Arab Emirates
• Bristol Academy: All our courses are accredited by Bristol Academy - Kuala Lumpur
• LMGO: All of our courses are accredited by the Institute of Leadership and Management - Switzerland
• Global Innovation Institute - GInI: The center is accredited to offer all specialized innovation courses from Global Innovation Institute in America