Page 171 - Budgeting for Managers

Human resources The business function that manages
defining jobs, hiring and retaining staff, professional develop-
ment, departure of employees, and payroll.
Payroll The business function that includes calculation and disburse-
154 Budgeting for Managers
ment of paychecks and calculation, deposit, and preparation of payroll
taxes and tax forms.
Body shop A vendor, contractor, or service provider that provides
TEAMFLY
workers for companies, providing for their wages so companies can
use workers for long term assignments without carrying them on the
payroll.

sulting services are under departmental control, the manager
may or may not have the authority to move money between
consulting services and general expenses.
HR Management and
HR management The HR Services
executive function of decid-
ing how to organize staff In order to understand how
positions and set general policy for to manage and budget for
human resource management.
HR services The routine work of human resources, we need
managing payroll, job postings, and to separate two parts of
the job: HR management
staff evaluation, development, and and HR services.
departure. HR management
includes:
•Deciding the organizational structure—that is, the staff
positions within each organization and who reports to
whom.
• Choosing applicants to hire.
•Making decisions on salaries and bonuses.
•Deciding for each position whether to use professional
staff, staff on hourly wages, or a body shop.
Human resources services include:
•Calculating and paying routine payroll and payroll taxes,
including annual salary increases.

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