Question

How would a human resources department use information in the operating budgets?

Answer 1

Managing a human resources department involves budget planning and execution, just like any other company department. Steps to creating an HR budget include preparing a forecast, developing your personnel, analyzing jobs, and preparing a short and long-term plan to execute your vision. By accurately assessing what work needs to be done and who can do it most efficiently, managers can ensure an organization’s success.HR budgeting is subject to many factors including corporate policies. The budgeting format may change accordingly. You may need to make provisions for other items of HR costs that may arise from time to time. If you consider any of these important enough in contributing toward improving people’s efficiency and organizational effectiveness, include it in the budget.

therefore in this way human resources department requires information in the operation budget so that they can prepare their own budget.