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"Budgeting Time" (Essay Sample)

"Budgeting Time" Please respond to the following: - Justify the time it takes to put together a budget for a human resource project. -Support your justification by creating a hypothetical example of a human resource project. Relate specific elements of your example to support your justification source..
Budgeting time Name Course Professor Date Budgeting time In order for an organization to attain its objectives and goals it has to come up with a comprehensive budget. A budget comprises of measurable operations plan that specify the resources that will be required in the process. In budgeting, a plan has to be made. Two major constituents of a budget include the financial budget and the operating budget. Human resource budgets fall under the operations budget. This budget accounts for the use of resources in carrying out activities. Human resource budget has to take into account all labor cost components. These include salaries, social security fees, salaries, expenses and reimbursements, transfer and travel allowances (Blocher 1998) . Ea...
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