HR Budgeting
MANAGED HR BUDGETING FOR SME's IN SOUTH AFRICA
Second to your Operations Budget your HR Budget is an area for meticulous consideration and (once established) control
WHY CHOOSE MANAGED HR BUDGETING
HR DIY Budget creation and budget control is always an option, but it is complex, time consuming, and unless well planned and meticulously controlled can quickly become a bottomless pit without proper indication of any returns.
You will benefit from our seasoned HR Professionals’ expertise, ensuring a comprehensive HR budget drafted for planned spend with secure controls.
- Salaries & Wage Expense
- Benefits & Perks Expense
- Recruitment Expense
- Training and Development Expense
CATEGORIES
- Employee Relations Expenses
- Technology Maintenance and Updates
- Administration Expenses
- Compliance Expenses
OUR SERVICES
We offer a range of services ideal for small and medium-sized organisations, and start-ups
Objective, Scope
To controll HR Cost, Provide Compentitive Salaries and for Effective Employee Development
Duration
Mostly Annually ( Controlled Monthly) but more often for a Strategic Period (2-5 years)
Budget Categories
Verify existing categories and identify new categories and sub-categories
Incremental or Zero-based
Where there is history or existing data reliance is placed on an incremental approach, but for new a Zero-based approach is inevitable.
Cost Estimation
Using Existing Data - Extrapolate and project. For new rely on Benchmarking. Bring about Adjustments ( inflationary markers or market trends)
Tracking and Variance Control
Previous Year comparison to Current Year and Variance tracked monthly
HOW WE WORK WITH YOU
- Define Scope and Objective
- Reach consensus on Budget Categories
- Establish Historic Data where it exist
- Estimate by Projection or Benchmarking
- Prepare Budget for your approal
- Track Budget evolution Monthly