Strategic Human Resources Planning and Budgeting Skills

Overview

In any organization, efficient human resource planning and budgeting are critical to ensuring that the right people are in place to meet both current and future business needs. Effective HR planning aligns workforce strategies with organizational goals, ensuring that resources are allocated optimally to maintain productivity and growth. Budgeting plays an essential role in this process, enabling HR departments to manage costs, forecast workforce requirements, and plan for necessary investments in talent acquisition, development, and retention.

Human resource planning helps businesses forecast their future workforce needs, taking into account factors like talent availability, skills gaps, and organizational growth. By creating a structured HR plan, organizations can proactively manage their workforce to ensure they are prepared for upcoming challenges and opportunities. When combined with effective budgeting, HR professionals can develop cost-efficient strategies for recruitment, compensation, training, and development that align with business objectives.

This course will equip participants with the skills to develop comprehensive HR plans and create budget frameworks that support workforce strategies. Trainees will learn how to perform workforce forecasting, identify key competencies, and manage HR costs while ensuring compliance with financial and legal requirements. Additionally, they will gain insights into monitoring and controlling HR budgets, helping them to make informed decisions that drive business success.

Objective

This course aims to provide a comprehensive understanding of HR Planning and Budgeting (HRPB), align HR processes with organizational strategy, master HR planning, develop budgeting skills, and apply best practices through real-world case studies for enhanced organizational success. Therefore, upon the completion of this training program, the trainees will be able to:

  • Gain a comprehensive understanding of the core concepts, importance, and key components of Human Resource Planning and Budgeting (HRPB) and its role in organizational success.
  • Learn how to effectively align HR planning and budgeting processes with organizational goals, vision, and mission, utilizing tools like SWOT analysis and strategic planning for long-term success.
  • Master the HR planning process by identifying its advantages, addressing potential challenges of lacking a plan, and implementing efficient strategies to manage workforce needs.
  • Understand the structure of HR budgets, including OPEX and CAPEX, and develop skills in creating, managing, and optimizing HR budgets to meet organizational objectives.
  • Analyze real-world case studies to explore successful HR planning and budgeting strategies, and apply these best practices to enhance organizational effectiveness and financial performance.

Content

This training course will cover the most important below 5 modules:

  • Module 1: Introduction to HR Planning and Budgeting (HRPB)
  • Module 2: Aligning HRPB with Organizational Strategy
  • Module 3: Human Resource Planning Strategy
  • Module 4: Human Resource Budgeting Strategy
  • Module 5: Best Practices in HR Planning and Budgeting

Who should Attend?

This course will benefit HR professionals, managers, supervisors, anyone involved in the human resources function within an organization, and individuals who are responsible for preparing human resource planning and budgeting for the organization. Specifically, this course is perfect for:

  • HR Recruitment Professionals
  • Talent Acquisition Professionals
  • Learning and Development Professionals
  • C&B Professionals

Trainer's Profile

He is currently a Group HR Director for one of the leading business groups covering multiple industries such as entertainment, Hospitality, Community mall, F&B, and SME Construction. His extensive experience of over a decade in HR coaching and training programs has benefitted many businesses.

Fee Charged

The course fee is USD 270.00. It is inclusive of course materials, handouts, meals, refreshments, and certificates of completion but does exclude 10% of VAT amount.

We are offering an early bird registration fee to anyone who registers earlier. Interested participants or companies are encouraged to view the course details and early bird registration deadline. For further details on the early bird fee, please find the following:

USD 230 (Register before 7 December 2024)
USD 250 (Register before 14 December 2024)