Hello people,
I need some help regarding the components of the HR budget. Kindly guide me on this.
1. What are the general components of the HR budget in an organization?
Also, I would like to know about some companies that have unique components in their HR budget. Kindly assist me with this.
Thanks and regards,
Pink Panther.
From India, Pune
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I need some help regarding the components of the HR budget. Kindly guide me on this.
1. What are the general components of the HR budget in an organization?
Also, I would like to know about some companies that have unique components in their HR budget. Kindly assist me with this.
Thanks and regards,
Pink Panther.
From India, Pune
Acknowledge(0)Amend(0)
Hi The general components of HR Budget are 1. Salary And compensation 2. Training Expenditure 3. Statutory welfare expenditure 4. Non STatutory welfare expenditure
From India, Madras
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From India, Madras
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HR BUDGET ELEMENTS
The elements in the HR department budget would vary with company policy, budget process, company accounting system, and the 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.
Hope this is useful to you.
Regards,
LEO LINGHAM
From India, Mumbai
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270The elements in the HR department budget would vary with company policy, budget process, company accounting system, and the 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.
Hope this is useful to you.
Regards,
LEO LINGHAM
From India, Mumbai
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Innovative HR Practices-.doc
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