HR Budget Planning and Management

This course equips HR professionals with the skills and knowledge to effectively plan, prepare, implement, and manage human resource budgets. It covers key financial concepts, budget forecasting, cost control, variance analysis, and linking HR strategies with financial performance. Participants will learn how to align HR budgeting with organisational goals to ensure efficient resource utilisation and financial accountability.

Target Audience:

• HR Managers and Officers

• Payroll and Remuneration Specialists

• HR Business Partners

• Line Managers with budgeting responsibilities

• Finance professionals working closely with HR

• Anyone involved in HR strategic planning and resource allocation

Target Competencies:

Participants will be able to:

• Interpret financial data relevant to HR budgeting

• Prepare and justify an HR departmental budget

• Monitor and control HR expenditures

• Align HR budgeting processes with strategic business objectives

• Analyse variances and make recommendations for financial efficiency

Learner Outcomes:

By the end of the course, learners will be able to:

1. Understand the principles of budgeting and financial planning in HR.

2. Develop a comprehensive HR budget using historical data and forecasts.

3. Apply cost management and control techniques.

4. Communicate budget justifications to stakeholders.

5. Analyse budget variances and implement corrective actions.

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Location:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration: T.B.A

Unit Standard: 252035

NQF Level: 5

Number of Credits: 8

Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB: Terms and Conditions for Payment and Refunds

1.1. Full payment for the training workshop must be made at least 5 days before the scheduled workshop date.

1.2. Payment can be made via bank transfer, credit card, or any other agreed-upon method.

1.3. A confirmation of payment will be issued upon receipt of funds.

1.4. Any form of Payment means that trainee / delegate / client receiving the training accepts the training and agrees to these terms and conditions.

2. Cancellation and Refund Policy

2.1. Cancellations made 30 days or more before the workshop date will be eligible for a full refund, minus any administrative fees.

2.2. Cancellations made 15 to 29 days before the workshop date will be eligible for a 50% refund of the total payment.

2.3. Cancellations made less than 14 days before the workshop date will not be eligible for a refund.

2.4. Participants who fail to attend the workshop without prior notice will not be eligible for a refund.

3. Rescheduling

3.1. If a participant wishes to reschedule, a request must be submitted at least 14 days in advance, subject to availability.

3.2. A rescheduling fee may apply.

4. Workshop Cancellation by the Organizer

4.1. AATICD reserves the right to cancel or reschedule the workshop due to unforeseen circumstances, including but not limited to low enrolment, trainer unavailability, or force majeure events.

4.2. In the event of cancellation by AATICD, participants will be offered a full refund or the option to attend a rescheduled session.

4.3. AATICD is not responsible for any additional costs incurred by participants, such as travel or accommodation expenses.

5. Refund Processing

5.1. Approved refunds will be processed within 7 business days from the date of cancellation approval.

5.2. Refunds will be issued using the original payment method unless otherwise agreed.

6. Contact Information

For any questions regarding payments and refunds, please contact us at:

Email: apply@aaticd.co.za

Phone: +27 73 016 5042

By registering for the workshop, participants agree to abide by these terms and conditions.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.

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Course Outline

• Introduction to HR Budgeting

  • The role of budgeting in HR planning

  • Types of HR budgets (operational, capital, etc.)

• Budget Planning Process

  • Budget cycle and timelines

  • Forecasting HR expenses

• HR Cost Categories

  • Compensation and benefits

  • Training and development

  • Recruitment and retention costs

  • Compliance and administrative costs

• Preparing the HR Budget

  • Data collection and assumptions

  • Budget templates and tools

• Monitoring and Controlling the HR Budget

  • Tracking expenditures

  • Variance analysis and reporting

• Aligning HR Budgets with Organisational Strategy

  • Strategic HRM and financial planning

  • Communicating financial impact to leadership

• Evaluating Budget Performance

  • Key Performance Indicators (KPIs)

  • Adjustments and continuous improvement