Definition | The total budget allocated for the Human Resources function per Full-Time Equivalent (FTE) employee in a business entity |
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Calculation | Total HR function budget divided by the number of Full-Time Equivalent (FTE) employees |
Unit of Measurement | US Dollars |
Function | Develop and manage human resources (HR) planning, policies and strategies – HR |
Method of Estimation | Budgeting process and HR department records |
Timeframe | Annual |
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