“Just take it out of HR’s budget.”
If that’s a common refrain among your execs at budget-setting time, it’s time to fight back.
“It’s more critical than ever for you to be able to create and defend your budgets,” says Valarie Grubb, VP of Operations and Initiatives at NBC Universal, who spent much of her career building and justifying budgets at large U.S. companies.
“You need to be able to demonstrate your ROI,” says Grubb. “If you can articulate your department’s performance in terms of company goals, it will be much more difficult for the top brass to tear into your budget.”
Grubb suggests these 10 tips for handling the delicate process of negotiating your next HR budget:
1. Couple HR spending with company goals. Don’t assume senior executives can make the connection between the organization’s success and what you do in HR. When you make your budget presentation, spell it out.
2. Demonstrate the ROI and c...(register to read more)
- Tighten up attendance policies, or get ready for an unemployment comp hit
- What should we do? We've been lax about breaks
- Parenting leave: To whom must notice be given, and can we require use of vacation leave?
- From across the pond: British firm pays for 'Botox leave'
- Software firm's culture centers on celebrations