course | HR Budgeting (HR Financials: Worforce Planning and Budgeting)
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HRM-1964 | HR Budgeting (HR Financials: Worforce Planning and Budgeting)
Course Sector : HR Strategy and Training
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-04-14 | 2025-04-18 | London | $4,950 | Book now |
| 5 Days | 2025-04-28 | 2025-05-02 | Dubai | $4,250 | Book now |
| 5 Days | 2025-06-30 | 2025-07-04 | Texas | $5,950 | Book now |
| 5 Days | 2025-07-13 | 2025-07-17 | Online | $2,150 | Book now |
| 5 Days | 2025-10-05 | 2025-10-09 | Marakesh | $4,250 | Book now |
Course Introduction
This training course is designed to provide participants with the knowledge on managing human resources (HR) and the finances related to it. This course focuses on models’ structures techniques and processes for managing HR and transforming the HR function to assume a more strategically central part of an organization. Having a deeper understanding of the financial side of business HR managers can gain valuable insight into company strategy and can make their HR department an indispensable component of their organization.
Training Course Methodology
The training course is designed to be interactive and participatory, and includes various learning tools to enable the participants to operate effectively and efficiently in a multifunctional environment. The course will use lectures and presentations, exercises, experiential and exposure to real world problems and policy choices confronting delegates.
Course objective
- Gain a comprehensive understanding of the key financial statements and the HR department budget.
- Identify the components of HR budget.
- Allocate, monitor and control budget for HR.
- Effectively link HR budget with organizational finance and monitoring.
- Learn the key elements and cost factors in HR
Course Outline | 01 Day One
Finance overview
- Financial Information
- Key Financial Statements
- Measuring Financial Performance
- The link between budgets and organizational goals
HR Budget: Components of An HR Budget
- Workforce planning
- Compensation costs
- Recruitment and selection
- Training and development
- Performance management
- Administration
Course Outline | 02 Day Two
Building an HR Budget
- Successful forecasting
- Flexible budgeting
- Zero-based budgeting
- Counting the cost of HR
- Budgets and Return on Investment (ROI)
- Budgets and discounted cash flows
- Budgets and Internal Rate of Return (IRR)
- Monitoring budget performance
- Variance analysis
- Management by exception
- Accountability and responsibility
Course Outline | 03 Day Three
Adding Value
- Re-Aligning the HR function
- Aligning and understanding the translation of strategy to make added value operation.
- Creating added value mechanisms
- Factors driving organisational change
Strategic Planning
- Strategy direction vision and mission
- Strategic manpower planning and forecasting
- Strategic training needs analysis
- Competitive HR strategies
Course Outline | 04 Day Four
Developing A Manpower Plan
- The manpower inventory
- The skills inventory
- The manpower audit
- Complications in manpower planning
- The true costs of planning
- The true costs of recruitment
- The true costs of training and development
- Understanding the links between reward and retention
Course Outline | 05 Day Five
Monitoring and Evaluation
- HR Metrics and KPIs Developing meaningful KPIs
- Return on Investment (ROI) on Training
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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