Budgeting
Budgeting is the skill of strategically allocating and managing financial resources to enhance employee performance, accommodate staffing needs, support training and development programs, while complying with organizational goals and fiscal constraints. It requires effective forecasting, planning, and reviewing of financials related to human resources.
Level 1: Emerging
At an emerging level, you are starting to familiarize yourself with planning and controlling budgets in a people management context. You understand basic principles and are learning to apply them effectively.
Level 2: Proficient
At a proficient level, you are able to effectively manage and allocate resources within the budget constraints while also considering the impact on the team's morale and motivation.
Level 3: Advanced
At an advanced level, you are adept at effectively managing budgets within a people management context, making strategic financial decisions that align with organizational goals and support employee development and satisfaction.
