3 Tips to Bring Your HR Budget New Life

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3 Budgeting Tips to Bring Your HR Budget New Life

Developing an annual HR budget may become monotonous when line items stay the same year after year. Shake things up and give your budget the refresher it so desperately needs. Reexamine your budget with a new mindset and ensure it includes your actual departmental needs.
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7 Considerations When Developing Your Training Budget

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7 Considerations When Developing Your Training Budget

Developing a budget for training or professional development for your employees can be a daunting task for many HR professionals. The average direct learning expenditure per employee is $1,273 according to the Association for Talent Development’s (ATD) 2017 State of the Industry report. This report also found that the average amount of formal learning hours per employee is 34.1, not including informal learning such as on-the-job learning. Both of these figures are increases from previous years which reveals organizations are putting more effort and money into developing their workforce. Being clear about specific training needs and associated costs is critical for budget planning purposes. However, there are so many unknowns that occur during the year that trigger the need for a specific training that could throw off an entire budget.
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2013/2014 Salary & Benefits Planning & Budgeting Guide

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We’ve compiled a brief compensation and benefits planning and budgeting guide to help your organization make important pay, health care, and benefits decisions this fall and into 2014. The guide summarizes the latest and most important trends we’re seeing related to administering compensation, health care, and benefits, which affect your organization as it plans for 2014.

Employers project 2.9%-3.0% pay increases for 2013/2014.

Salary budget planning surveys for 2013/2014 consistently report average actual pay increases of about 2.9% for 2013 and project pay increases of 2.9%-3.0% for 2014 for most levels of employees, in line with increases of last year. A breakdown of the projections from these surveys is summarized below.
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Free Training Planning Worksheet

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Planning and organizing employee training for an entire year can be a challenge. That's why we're providing you with a simple worksheet to help you chart and organize the types of training classes that will be offered in a given year, the individuals who will attend those classes, their perceived skill level, and the timing of when they will attend training throughout the year.

Download Worksheet (Excel)

 

Instructions

Here are some simple instructions:

  1. Chart the individuals in your organization under the column "Name" and their corresponding department or position in the second column.
  2. List the classes that your organization plans to offer during the upcoming year at the top of the chart.
  3. Color code the cells for each individual based on the degree to which each employee needs training in a specific topic area or skill.
  4. Within each cell, insert the timing (month or month and day) of when you plan to offer this class or when each employee will attend this class.
  5. Insert any relevant comments around the individual.

Budgeting Assistance

Need quotes for particular training programs? Contact Chris Kutsko at (440)947-1286 or ckutsko@yourerc.com. You can also view ERC's full catalog of employee training courses online.

2012/2013 Salary & Benefits Budgeting Guide

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We’ve compiled a brief compensation and benefits budgeting guide to help your organization make important pay and health care decisions for fall 2012. The guide summarizes the latest and most important trends as of September, 2012 related to administering compensation and health care benefits, which affect your organization as it plans for 2013. 
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