1. Talent Acquisition & Recruitment
- Budgeting for job advertising, interviews, background checks, onboarding, and reducing turnover.
2. Learning and Development
- Allocating funds for training, addressing skills gaps, certifications, and implementing learning systems.
3. Compensation and Benefits
- Planning for employee salaries, health insurance, retirement plans, and other perks.
4. Diversity, Equity, and Inclusion (DEI)
- Budgeting for DEI initiatives like inclusive hiring practices and cultural training.