Course 1

Course Timings
Registration for the courses will be at 8:00 on Day One of each course. The courses will commence at 8:30 and finish at 14:30 each day, with breaks for refreshments at appropriate intervals. Lunch will be served each day at 14:30.

Course Methodology
Each course will be taught through a combination of presentations and group discussions, with interactive exercises throughout to enforce the key concepts.

Introduction

The course will involve working in pairs and in teams on case studies together with practical exercises from leading organisations in the Gulf region to gain real hands-on experience of the budget process.

Case studies include:

• Linking organisational finance to budgets
• Building a budget
• When budgets go wrong

This highly interactive course, with case studies from leading organisations and realistic HR budgeting simulations, will give you an introduction to the purposes of budgeting through to the preparation, monitoring and control of a human resources budget.

Course Objectives

On completion of this course, you will be able to:

• Understand the purpose of a budget
• Compile and interpret budgets
• Understand the link between organisational finance and HR budgets
• Identify the key components and cost factors in an HR budget
• Monitor and control an HR budget
• Understand budget metrics and their infl uence on corporate strategy
• Build an HR budget

Course Outline

What Is A Budget?

• Introduction to organisational finance
• The link between budgets and organisational goals
• Cash fl ow forecasts
• Preparing a budget

The Purpose Of Budgets

• Cost control
• Planning revenue and expenditure
• Monitoring plans against actuals

Components Of An HR Budget

• Manpower planning
• Compensation costs
• Recruitment and selection
• Training and development
• Performance management
• Administration
• The “cost culprits”

Building An HR Budget

• Successful forecasting
• Flexible budgeting
• Zero-based budgeting
• Counting the cost of HR

Budget Metrics For HR

• Budgets and Return On Investment (ROI)
• Budgets and discounted cash fl ows
• Budgets and Internal Rate of Return (IRR)

Measuring Financial Performance

• Monitoring budget performance
• Variance analysis
• Management by exception
• Accountability and responsibility

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