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Your human resources (HR) budget encompasses a wide variety of initiatives directly impacting your people and, therefore, your business success. These include:
Recruiting Hiring Onboarding Compensation Benefits Training Software and other technology Administrative costs
It’s always good practice to re-evaluate your budget allocation and all line items routinely. As priorities shift or internal and external conditions change, companies want to ensure that they are:
Spending money in the right places Protecting the financial health of the business Making informed business decisions
Right now – a unique time of record-high inflation combined with a highly competitive
