HR Budgeting: Meaning, Importance, and Process
Vantage Circle
SEPTEMBER 12, 2021
Planning an HR budget might sound like a tedious task, but that isn't always the case. A well-planned and thoughtful HR budget ensures that there's adequate funding to support employee programs and initiatives. HR budgets are created to outline how much money to allocate for different expenses and employees across the fiscal year. If you have a solid understanding of the organization's plans and objectives, implementing an HR budget will become easier.
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