An Operating Budget is a financial plan outlining an organization’s expected income and expenses for daily operations, including HR costs like salaries and training.
- What is an operating budget?
Answer: It is a financial plan for daily income and expenses. - What does it include?
Answer: It includes salaries, benefits, and operational costs. - Why is it important?
Answer: It ensures financial stability and resource allocation. - Who creates it?
Answer: Finance and HR collaborate to create it. - How does HR contribute?
Answer: HR provides workforce cost estimates.
