Saturday, May 14, 2011

Part of HR Manager Job: Budgeting, Forecasting and Costing

Many times when I am being interview by a hiring manager or recruiter - I notice that they will always miss-out one important competency for a HR Manager which is "budgeting and costing". Maybe because most HR Professionals are labelled as dumb in numbers or numerical.

If you are aspiring to be a HR Manager - make sure you are able to perform the following tasks:
  • budgeting employment cost (by cost center);
  • forecasting quarterly employment cost (by cost center);
  • budgeting an organization wide training & development (by cost center).
The above-mentioned tasks are the minimum you should be competent. When joining an organization, I always asked the finance / accounts dept how they prepared the company annual budget and what is their "methodology".

I hope with this ... company heads will not label HR Professional as dumb in numerical tasks.

1 comment:

  1. informative post! I really like and appreciate your work, thank you for sharing such a useful facts and information about international hrm strategies, keep updating the blog, hear i prefer some more information about jobs for your career hr jobs in hyderabad .

    ReplyDelete