For the last few weeks on the WorkBright blog, we’ve talked about all things finances. We shared advice on saving money in your 2020 budget, advocating for your HR budget, and personal finance lessons you can apply to your HR budget. We wanted to end the month by discussing a few unique financial challenges facing HR in 2020. Are you ready to learn about these challenges? Keeping Up With The Joneses You’ve probably heard of the statement Keeping Up With The Joneses as it relates to personal finance, but this can be even more apparent in HR.

Creating a budget for your HR department can be challenging. You want to make sure you maximize your budget so you can hire the best people, have benefits people love, and tackle the legal side of HR. Budgeting doesn’t have to be as restrictive as we make it out to be, though. We understand that we can make a small budget work in our daily lives, why can’t we do the same in HR?

Advocating for an HR budget can prove challenging. HR software can be expensive, but how does it impact the company? Your goal should be to save company money and time with the use of any budget you create. We know that investing in HR is vital, but it’s not always easy to argue that when looking at the numbers and pitching a new budget to your boss. Today we wanted to share some tips on how to get the budget you need to succeed as an HR department.