Dear All,
Can anybody give me information on the following:
1. Human Resource Budgeting vis-a-vis coordination with Finance and are there any methods or types of HR Bugeting.
2. Compensation and Benefit Structuring-vis-a-vis Long term Productivity.
Kindly treat this a urgent.
Warm Regards,
SC

From India, Thane
Hi SC,
1. HR Budget..
From Finance you need to get the actual expenses incurred as per the previous budget under various heads..
Analyse the same which went beyond the budget & which didn't...
Check the assumptions & validate the same...
Methods..one popular method is zero based budgeting..here you start afresh..reason being most of us look at the past data as an indiacator or base..which may not fit in the present circumstances..can lead to inflating the HR budget & also the miss the opportunity to look at the issues with fresh appraoch...
2. C&B ..could you please exactly explain this..
Cheers,
Rajat

From India, Pune
Dear Rajat,
Thank you for the reply. Actually C&B vis-a vis Productivity I meant that How does Compensation and Benefit can be structured so that you derive maximum output frim your employees. Hence, here you are to devise a method or system by which you can show the effect of your C&B structure or the C&B structure devised by you can reflect the result in financial and economic terms (measurable).
Thanks again,
SC

From India, Thane

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