Financial Skills for HR Professionals Budgeting and Budgetary Control for the HR Functions

Start Date End Date Venue Fees (US $)
16 Nov 2025 Istanbul, Turkey $ 4,500 Register
05 Apr 2026 Dubai, UAE $ 3,900 Register
26 Jul 2026 Jeddah, KSA $ 4,500 Register
29 Nov 2026 Manama, Bahrain $ 4,500 Register

Financial Skills for HR Professionals Budgeting and Budgetary Control for the HR Functions

Introduction

This highly interactive course, with case studies from leading organizations and realistic HR budgeting simulations, will give you an introduction to the purposes of budgeting through to the preparation, monitoring, and control of a human resources budget. The course will cover case studies together with practical exercises from leading organizations to gain real hands-on experience of the budget process.

Case studies include

  • Linking organizational finance to budgets
  • Building a budget
  • When budgets go wrong

Objectives

    Participants you will be able to:

    •  Understand the purpose of a budget
    • Compile and interpret budgets
    • Understand the link between organizational finance and HR budgets
    • Identify the key components and cost factors in an HR budget
    • Monitor and control an HR budget
    • Understand budget metrics and their

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

These courses have been specifically designed for all HR professionals responsible for the budgeting and/or manpower planning of their organizations, including:

  • HR Managers and Directors
  • Manpower Planning Managers
  • HR Officers and Supervisors
  • HR Analysts
  • Career Development Managers
  • Heads of HR
  • HR Specialists
  • Training Managers
  • Personnel Managers
  • Administration and Office Managers

Course Outline

What Is A Budget?

  • Introduction to organizational finance
  • The link between budgets and organizational goals
  • Cash flow forecasts
  • Preparing a budget

The Purpose of Budgets

  • Cost control
  • Planning revenue and expenditure
  • Monitoring plans against actual

Components of an HR Budget

  • Manpower planning
  • Compensation costs
  • Recruitment and selection
  • Training and development
  • Performance management
  • Administration
  • The "cost culprits"

Building an HR Budget

  • Successful forecasting
  • Flexible budgeting
  • Zero-based budgeting
  • Counting the cost of HR

Budget Metrics for HR

  • Budgets and Return On Investment (ROI)
  • Budgets and discounted cash flows
  • Budgets and Internal Rate of Return (IRR)

Measuring Financial Performance

  • Monitoring budget performance
  • Variance analysis
  • Management by exception
  • Accountability and responsibility

Accreditation

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