Leadership insights on “Budgeting for Growth”

By: Maj. Gen. B.K. Bhatia
Date: September 26th, 2008

I was invited to a attend a seminar conducted by a local chapter of a management group. The conference was titled “Budgeting for Growth” where experts and industry leaders were invited to share their views on optimizing budgets for Marketing, Infrastructure, Information Technology and HR. Since my interest is in the area of HR, the viewpoints of a cross-section of the audience on budgeting for HR are shared below:

CEO of a Logistics Company: “Our IT budgets are managed by the IT department. They spend it mostly on hardware & support besides investing marginally on software purchases. Our VP – HR is exploring on-line systems through which he would be able to explore employee profiles quickly. I have no budgets allocated for this.”

MD of a Publishing firm: “My CFO feels that we have limited budgets for HR automation, but we may hire two additional executives in the HR department to manage the increase in workload as we expand. Additionally, our CFO is worried about hiring an expensive IT resource to manage any new HR system. We are in a dilemma!” Read the rest of this entry »

Posted in:  HR Best Practices, HR Technology, Human Resources | 7 Comments »