The HR Budget is the operational budget within human resources.
The investment in Human Resources of companies income requires absolute necessary attention when creating the budget. Considering all the components of labour costs: salaries, social security fees other components (fringe benefits and reimbursement of expenses, allowances for travel and transfers) and other costs (training, kindergartens for children of employees, cafeterias, etc.…).

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For further reading download the following white paper:

• "Planning and Budgeting in European Companies: Performance management concepts, solutions and perspectives"

  BARC Institute, Wurzburg, June 2008

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Tagetik CPM is the first completely financial closed-loop, double entry CPM solution, that unifies in a single product all Corporate Performance Management processes and Financial Governance processes for data consistency and reliability.
The only solution with Built-in processes and advanced functionalities able to comply with the most complex regulatory requirements, helping companies automate processes, and obtain the necessary transparency and data accuracy for compliance.

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