HR Budget form template
An HR budget template is a tool for creating a detailed plan of an organisation's HR expenses and revenues to manage costs and allocate resources effectively.
- 2 pages / 284 words
- Instantly download as Word / PDF / plain text
- Suitable for worldwide use (but check local legislation)
- Includes 12 months’ access, with all updates to this page provided free of charge and notified to you.
HR Budget form
Year: [insert year]
| Item | Cost | Budgeting Method | Notes |
|---|---|---|---|
| Recruitment | £[insert cost] | Forecast hires × average cost-per-hire (advertising/agency) | This includes advertising, background checks, and recruitment agency fees. Consider turnover trends, growth plans, and whether you’ll rely on agencies, direct sourcing, or referrals. |
| Training and Development | £[insert cost] | Per headcount allowance or per initiative/project | This covers training programmes, workshops, conferences, and materials. Factor in mandatory training (compliance, health & safety) plus strategic priorities (leadership or |
You're currently viewing a limited preview. For instant full access, purchase this item or a parent bundle.
The purpose of an HR budget template is to provide a structured approach to managing an organisation's human resources costs and resources. It helps HR managers to plan and allocate their resources effectively and efficiently, and to ensure that the organisation's HR function is financially sustainable.
An HR budget template can also help to identify areas where costs can be reduced or where additional resources are required, enabling HR managers to make informed decisions and manage their budget more effectively.
Additionally, it can provide a framework for monitoring and evaluating the HR department's performance against its financial targets, and can be used to communicate budgetary information to senior management and other stakeholders.
Frequently Asked Questions
Frequently Asked Questions
-
Can I use this template in my small business?
Yes. The HR Budget form template is designed to be flexible and suitable for organisations of all sizes, including small businesses and charities. It follows UK employment law best practice, so even if you don't have an in-house HR team, you can confidently apply it.
-
Is this template compliant with 2025 UK employment law?
Absolutely. Like the HR Budget form template, all of our templates are drafted with the latest ACAS guidance and UK employment legislation in mind. We review and update them regularly, so you can be confident they remain compliant.
-
Can I customise this template for my organisation?
Yes, in the HR Budget form template, as with all of our templates, we highlight the areas that you need to update with your own details, and where you need to make decisions to suit your situation. This saves you time and ensures that you meet best practice.
-
Do I get instant access to the template?
Yes. Once purchased, you'll be able to download the HR Budget form template instantly. Templates are provided in editable Word or Excel format so you can customise them easily, and in PDF format for easy sharing.
-
What if I need more help, not just this template?
If you're looking for broader support, we also offer toolkits and library bundles that include the HR Budget form template along with other HR templates and policies for fully managing your situation. These may be more cost-effective if you need a complete HR library.
