Source: IRS Employment Review Issue: 889 Date: 21/01/2008 Publisher: IRS

HR budgets and strategies 2008: benchmarking the HR function

TOPICS:
HR policy and strategy management techniques
business challenges

AUTHOR: Mark Crail


Our budgets and strategies report seeks to set benchmarks that will allow HR departments to ask sensible questions about money available to them and their overall objectives.

On this page:
About our research
Who has a budget?
What is meant by an 'HR budget'?
HR department running costs budget
Organisational spending on HR activities
The changing HR budget
Developing an HR strategy
Measuring HR effectiveness
Chart 1: Measures used in assessing HR effectiveness
HR effectiveness and influence 
Table 1: HR department running costs budget
Table 2: HR activities budget for the whole organisation
Table 3: HR budget ratios
Table 4: Expected change in budgets
 

Key points

  • Seven out of 10 HR departments have a formal budget, and two-thirds have a written strategic plan.
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Compliance

Keep on the right side
of employment law

Good Practice

Engage your people to
achieve your objectives

Benchmarking

Measure, monitor and
match best practices
 

For more information on XpertHR call 020 8652 4653 or email enquiries@xperthr.co.uk









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