Your browser does not support JavaScript

HR Budget form template

Reading time 1 minutes (inc. support info). Reviewed 12/05/2023.
£ 15
Or, upgrade to our

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.

We also have budget-friendly bundles featuring this template:

What is a HR Budget form?

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.

HR Budget form template
hr budget form template

HR Budget


Year: [insert year]

Item Cost Notes
Recruitment £[insert cost] This includes advertising, background checks, and any fees associated with using recruitment agencies.
Training and Development £[insert cost] This includes the cost of training programs, conferences, workshops, and any materials or supplies needed.
Compensation and Benefits £[insert cost] This includes salaries, bonuses, incentives, and any benefits offered to employees, such as healthcare or retirement plans.
Employee Relations £[insert cost] This includes the cost of managing employee relations, such as the cost of employee surveys or employee assistance programs.
Compliance £[insert cost] This includes the cost of compliance with employment laws and regulations, such as legal fees or audits.
HR Information Systems £[insert cost] This includes the cost of any HR information systems, such as software or hardware, and any maintenance or upgrades required.
Total £[insert total cost]  

Note: This budget is an estimate and may change depending on the needs of the organization. It is important to regularly review and adjust the budget as needed to ensure that it is aligned with the goals and objectives of the organization.

Version: [1.0]

Issue date: [date]

Related articles

Why buy our HR Budget form template?
  • You save time and effort with a professionally written, editable HR document that is tailored to meet best practice.
  • You ensure compliance with applicable ACAS Codes of Conduct and other legal requirements.
  • You are notified by email whenever this template or its supporting resources are updated.
  • You enjoy 12 months of unlimited access with no hidden fees or extra costs.
  • You unlock a 25% discount on all future purchases or renewals of our libraries, toolkits, and templates.

What do our customers say about us?

I have been using the service now for around 6 months and it has been really useful in developing and updating polices and processes.

- Jamie Allan, Armstrong Craven ★★★★★

Armstrong Craven logo

Read full review on Google

Excellent library of resources and templates which have made my job in my small business so much easier to manage HR for my employees...

- Emma Hunt ★★★★★

Read full review on Google

Great value and the site contains an extensive library of essential HR documents. I access the site probably once a week...

- Laura Alliss-Etty ★★★★★

Read full review on Google

A great source of information and advice. I can highly recommend hrdocbox.

- Georgina Loom, The Hygiene Bank

The Hygiene Bank logo

HRDocBox is a great resource. It is incredibly good value, providing a large selection of HR guidance materials as well as...

- Emma Beauchamp ★★★★★

Read full review on Google

Enhancing Employment Opportunities for Autistic Individuals - A Government Review
Wed, 28 Feb 24

Enhancing Employment Opportunities for Autistic Individuals - A Government Review

The government has recently unveiled a comprehensive review aimed at improving support for autistic individuals in the workplace...