Courses
H R Budget
Course description
The HR Budgeting workshop is designed to provide HR professionals and managers with a comprehensive understanding of the budgeting process in relation to human resources. This workshop will equip participants with the skills needed to create, manage, and control HR budgets effectively to align with organizational objectives
What will you learn in this course?
1.Know the concept of staff costs and identify the most common cost items.
2.Understand the process of HR budget planning and the methodologies involved.
3.Learn the best practices and recommended steps for preparing an efficient HR budget
4.Understand best practices in forecasting the most common HR cost items.
5.Learn how to conduct a salary gap analysis.
6.Differentiate between traditional and advanced merit pay matrices.
7.Learn how to link pay to performance while aligning it with the budget.
8.Design an advanced merit matrix.