Learn the basics of HR budgets and how to present it to the company to show HR's worth.
Human resources department plays a vital role in every company. It is also the department that costs money and does not bring in any profits so many organizations do not understand its importance to the success of the company. It is important that HR professionals understand the fundamental concepts of an HR budget. The HR budget includes everything from salaries and benefits to recruitment costs, development programs and HR technology. HR plays a pivotal role in budgeting as it directly impacts an organization's most valuable asset, which is its people. HR professionals are responsible for estimating the costs associated with hiring, developing, retaining talent and ensuring compliance with the labor laws and regulations. In this webinar, you will learn the basics of HR budgets and how to present it to the company to show HR's worth.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of HR Budgeting
- What Is HR Budget?
- Understanding the Basics
- What Goes Into the HR Budgeting Process?
- How Does HR Align Its Budget With Company Strategies Impacting the Bottom Line?
How to Prove HR's Worth
- Use Metrics to Show How the HR Department Helps Save Money
- Create an Efficient Culture
- Show How HR Innovations Can Change Your Workplace
- Show Strategic Value in Placing Employees
- Predict Future Company Needs Through Human Resources
Key Formulas HR Should Know
- Understanding Organizational Objectives
- Historical Data Analysis
- Workforce Planning
- Compensation and Benefits
- Training and Development
- Technology and Tools
- Communication and Employee Engagement
- Measurements
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on November 13, 2024.
Call 1-866-352-9540 for further credit information.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jackie A. Sexson
- Compliance and HR leader
- Former executive director with the legal and human resources consulting firm, The Sexson Group
- Extensive experience in employment and labor law, as well as human resources
- Experience as an attorney with HR background in employee relations, performance management (360-degree feedback), organizational management, benefits administration, recruitment and selection, compensation, equal employment opportunity, and training and development
- Experience with the public sector, Fortune 500 companies and small startup companies
- Held director and executive level positions, and worked as an independent consultant
- Certified as a senior professional in human resources by the Society for Human Resources Management
- J.D. and M.B.A. degrees
- Can be contacted at 334-274-3007 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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