Human Resources Strategy and Budgeting

Overview
Course Outline
Scheduled Dates

Course Overview

In today's dynamic business landscape, a well-defined HR strategy and a sound HR budget are critical for attracting and retaining top talent, fostering a positive work environment, and achieving organisational goals. This comprehensive program equips HR professionals and business leaders with the knowledge and skills to develop and implement effective HR strategies aligned with financial realities. Through interactive lectures, case studies, hands-on exercises, and group discussions, you'll gain expertise in strategic workforce planning, budgeting for HR initiatives, and aligning HR activities with overall business objectives.

Objective:

Understand the role of HR strategy in achieving organisational goals and building a competitive advantage.
Develop skills for conducting strategic workforce planning to identify current and future talent needs.
Learn best practices for HR budgeting, including cost analysis, resource allocation, and budget justification.
Learn to align HR activities with the business strategy and financial objectives.
Explore key HR metrics and KPIs (Key Performance Indicators) for measuring the effectiveness of HR programs.
Gain insights into effective communication strategies to present HR budgets and gain buy-in from leadership.
Develop negotiation skills for securing resources for critical HR initiatives.
Adapt HR strategy and budget to changing business needs and economic conditions.
Understand emerging trends in HR technology and their impact on HR strategy and budgeting.

Course Outline

Day 1: The Strategic HR Imperative

Introduction to HR Strategy: Understanding the role of HR strategy in driving business success and aligning HR activities with overall organisational goals.
Strategic Workforce Planning: Developing skills to analyse talent needs, identify skill gaps, and forecast future workforce requirements.
Conducting a Talent Audit: Learning to assess current workforce capabilities, strengths, and weaknesses.

Day 2: Building the HR Budget

HR Budgeting Fundamentals: Understanding various budgeting methodologies and cost analysis techniques for HR functions.
Cost-Benefit Analysis for HR Initiatives: Developing skills to analyse the financial implications of HR programs and initiatives.
Resource Allocation Strategies: Learning to allocate resources efficiently and justify budget requests based on data and strategic alignment.

Day 3: Aligning HR with the Business Strategy

Translating Business Goals into HR Objectives: Developing strategies for aligning HR activities and initiatives with the overall business strategy.
Measuring HR Effectiveness: Exploring key HR metrics and KPIs to evaluate the success of HR programs and demonstrate their impact on business outcomes.
Communicating the Value of HR: Learning to effectively communicate the value proposition of HR programs and investments to leadership and stakeholders.

Day 4: Gaining Budget Approval & Managing Change

Presenting HR Budgets with Confidence: Developing effective communication strategies to present HR budgets and secure buy-in from leadership.
Negotiation Skills for HR Professionals: Gaining skills to negotiate for resources and secure funding for critical HR initiatives.
Adapting to Change: Developing strategies to adapt HR strategy and budgeting to changing business needs and economic conditions.

Day 5: The Future of HR

Emerging Trends in HR Technology: Exploring the impact of automation, artificial intelligence (AI), and big data on HR strategy, budgeting, and talent management.
The Evolving HR Landscape: Understanding how trends like remote work, the gig economy, and changing employee expectations impact HR strategies and budgeting.
Building a Sustainable HR Strategy: Developing a long-term HR strategy that addresses current needs while remaining adaptable to future changes.

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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Amsterdam
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Dubai

$4,900

Duration: 5 Days

date: 30 Dec, 2024 - 03 Jan, 2025

London

$4,900

Duration: 5 Days

date: 07 - 11 Apr 2025

London

$4,900

Duration: 5 Days

date: 01 - 05 Sep 2025

Amsterdam

$5,300

Duration: 5 Days

date: 01 - 05 Dec 2025

Human Resources and Talent Development

Human Resources Strategy and Budgeting

Duration:5 Days

date:01 - 05 Sep 2025

London

$4,900

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

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