(Click Category to List Courses)

15 - HRC - Human Resources


HRC 136 - Human Resources Budgeting & Budget Control

Code Start Date Duration Venue Fees
HRC 136 26 August 2019 5 Days Istanbul $ 2950 Registration Form Link
HRC 136 23 September 2019 5 Days Istanbul $ 2950 Registration Form Link
HRC 136 21 October 2019 5 Days Istanbul $ 2950 Registration Form Link
HRC 136 18 November 2019 5 Days Istanbul $ 2950 Registration Form Link
HRC 136 16 December 2019 5 Days Istanbul $ 2950 Registration Form Link
DOWNLOAD PDF

 

Course Description

One of the recurrent and inevitable tasks of HR directors is completing the annual budget process. HR budget is a great opportunity to reposition and reinforce the HR function as a strategic partner. Further, HR budgeting is subject to many factors including corporate policies. In this course, HR professionals will learn the skills they need to perform this task effectively and efficiently. 

Course Objectives

  • Understanding organization goals and overall corporate plan
  • Creating the department budget
  • Learning methods for HR budgeting
  • Identifying the areas of flexibility 
  • Monitoring budget regularly

Who Should Attend?

  • Supervisors
  • HR Managers
  • Executives
  • Anyone involved in HR planning
  • Anyone who is or will be responsible for human resources management

Course Details/Schedule

Day 1

  • What is a budget?
  • The purpose of budgets
  • Alignment with organizational strategic goals and functions 
  • Factors to consider while budgeting 
  • Methods for HR budgeting
  • Incremental budgeting 
  • Zero-based budgeting
  • Steps to creating an HR budget 
  • Collection of data

Day 2

  • Forecasting on number of employees and turnover rates
  • Strategic planning (data/consultants)
  • HR databases
  • Developing personnel
  • Analyzing jobs
  • Preparing a short and long-term plan

Day 3

  • Salary data
  • Compensation philosophy and strategy
  • Developing competitive salary structure
  • Pay practices
  • Pay structure
  • Incentive compensation system
  • Merit pay
  • Bonuses
  • Commissions

Day 4

  • Health & Insurance 
  • Direct vs. indirect benefits
  • Recruitment budget
  • New benefits programs
  • Training and development
  • Overtime
  • Incentive compensation
  • Intranet design and maintenance
  • Pension Plans

Day 5

  • Human Resources Key Performance Indicators
  • Measuring financial performance
  • Labor costs
  • Decreasing of turnover rate
  • Effective using of training budget