HR Budget Outline Planning Meeting Minute

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Meeting Overview

• Meeting Title: HR Budget Outline Planning Meeting

• Date: October 23, 2050

• Time: 2:00 PM – 3:30 PM

• Location: Conference Room A, Headquarters

• Facilitator: Sarah Johnson, HR Director

• Note-taker: [YOUR NAME]

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Attendees:

• Sarah Johnson (HR Director)

• Emily Brown (HR Manager)

• Jason Taylor (Recruitment Specialist)

• Olivia Martin (Employee Relations Manager)

• Michael Lee (HR Assistant)

• David Kim (Finance Manager)

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Absentees:

• None

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Agenda:

1. Introduction and Objectives

2. Review of Previous Year’s Budget

3. Proposed Budget for the Upcoming Year

4. Discussion on Budget Allocation

5. Feedback and Adjustments

6. Action Items and Next Steps

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1. Introduction and Objectives:

• Sarah Johnson opened the meeting by welcoming all attendees and outlining the objectives, which include reviewing the previous year’s HR budget, proposing the budget for the upcoming year, and discussing budget allocation strategies.

2. Review of Previous Year’s Budget:

• Emily Brown presented an overview of the previous year’s budget, highlighting key areas of spending:

  • Recruitment costs increased by 15% due to expanded hiring efforts.

  • Employee training and development expenses remained consistent, with positive feedback from staff surveys.

  • Employee engagement initiatives were successful, with a 20% increase in participation.

3. Proposed Budget for Upcoming Year:

• Jason Taylor shared the proposed budget for the upcoming year, emphasizing:

  • An increase in the recruitment budget to accommodate projected company growth.

  • A budget allocation for diversity and inclusion training programs.

  • Continued funding for employee wellness programs and mental health support.

• David Kim provided insights into the overall company financial forecast, supporting the proposed increases in HR funding.

4. Discussion on Budget Allocation:

• The team engaged in a discussion regarding budget allocation:

  • The a need for a larger budget for technology investments, specifically for an updated HR management system.

  • Agreement on maintaining funds for employee engagement activities and enhancing them to boost morale.

  • A suggestion to allocate resources for employee recognition programs, to foster a culture of appreciation.

5. Feedback and Adjustments:

• Sarah Johnson encouraged feedback from all members, leading to several adjustments:

  • Increased emphasis on mental health initiatives, resulting in an additional 10% allocation to employee wellness programs.

  • The proposed allocation for team-building activities to strengthen inter-departmental relationships.

6. Action Items and Next Steps:

• Emily Brown will finalize the proposed budget document and submit it to the executive team by October 30, 2050.

• Jason Taylor will prepare a summary of recruitment strategies and associated costs for inclusion in the budget proposal.

• Michael Lee will gather employee feedback on proposed engagement initiatives to ensure alignment with employee interests.

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Next Meeting: November 10, 2050, at 2:00 PM

Meeting Adjourned: 3:30 PM

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