Managing the budget for training events is a crucial aspect of HR planning. In Part 3 of our step-by-step guide, we will explain how to set up the budget for a training event in BrioHR.
Why Is Setting a Training Budget Important?
Setting a training budget allows HR professionals to allocate resources effectively and track spending. By linking training costs to a specific budget center, you can easily monitor and control expenses while ensuring that your organization’s training initiatives are financially sustainable.
Steps by Steps to Open a Training Creation Page
Login to BrioHR account
- Go to HR Lounge.
- Click the Training tab.
- Navigate to the Training Catalog.
- Click on +Create Training button to create a new training event.
How to Create a Training (Part 3: Training Budget)
This section consists of five parts: Details, Eligibility, Budget, Approval, and Trainees.
NOTE:
Part 3: Budget
After creating a new training event, navigate to the Budget tab.
A) Link Cost to Budget Center
- Select the Checkbox
To link the cost to a budget center, check the Link cost to budget center option.
- Choose the Budget Center
Select the budget center associated with the training event. For how to create a budget center, please refer to this guide. - Enter Training Amount and Currency
Input the total training amount and select the appropriate currency. The training cost will automatically be deducted from the chosen budget center. - Click Save
Once you have filled in all the details, click Save to finalize the budget settings.
B) Not Link Cost to Budget Center
- Unselect the checkbox
If you don’t want to link the training cost to a budget center, simply uncheck the Link cost to budget center option. - Enter the Training Budget
Manually input the training budget amount and select the appropriate currency. - Click Save
After entering all the required information, click Save to complete the process.
Need Assistance?
If you have any questions or require assistance, please reach out to our support team via live chat or email us at support@briohr.com.