HR BUDGET ELEMENTS
The elements in HR department budget would vary with
-company policy
-budget process
-company accounting system
-nature of the business operation
etc
HERE is a broad set of guidelines.
-recruitment/ selection [ internal/ outsourcing ]
-contractors [external ]
-salary/ wages
-training/ development [ includes induction/ orientation]
-staff benefits
-staff amenities
-workplace facilities
-workplace safety [ OHS]
-salary contingency
-workers compensation
-staff communication [ includes newsletter/ intranet ]
-labor relations [ legal/ investigations]
-HR administration
-HR travels
etc etc.
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ONCE again the reviews vary with organizations.
Majority review the HR component every six months,
and in others it is reviewed quarterly.
The more the labor intensive the industry is the more
frequency it is.
In service sector, like
-banking
-telecommunication
-BPO
-business services
-hotel industry
-hospitality
etc
it is done very frquently [ at least quarterly ]
================================
The more the labor intensive, the greater
the impact.
hope this is useful to you
regards
LEO LINGHAM