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HR Budgeting
Human Resources » HR Metrics & Measurement


Chrm Message From: sakshi123 Total Posts: 18 Join Date: 14/03/2007
Rank: Executive Post Date: 23/03/2007 10:50:41 Points: 90 Location: United States
Can someone share with me how do we do HR Budgeting in an organisation. I require this on urgent basis.
Chrm Message From: raghu Total Posts: 51 Join Date: 14/03/2007  
Rank: Manager Post Date: 26/03/2007 10:57:40 Points: 255 Location: United States

For HR budget, you have to consider first your oraganization's business plan and annual
target...Based on this u have to prepare your manpower planning for that year (monthwise) like how many people u required more, in what level, salary and other benefits, and arrive what will be the cost of each recruitment (addition / replacement), then budget for Training, then plan on Travel (domestic and international),and other administrative costs / expenses..

It is always better that HR expenses should not be more than 50% of the overall expenses...

Hope this has helped ; )

Raghu

 
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