Payroll Budget Template

Allocation of Payroll Budget

Whether it is a small or big company, it all involves employees or workers in order to support the system and keep the business running. As a company owner or Human Resource (HR) manager, the payroll of everyone working in the company becomes a major concern. Therefore you need a control system for your payroll. The best way to do it is through the payroll budget.

Payroll budget is a written form which is a key part in the annual budget and used by HR managers to formulate salary expense and hiring plans. In addition, all employee-related expenses such as taxes and benefits are formulated in the payroll budget.

Companies around the globe use payroll budgets to securely develop a detailed annual salary, benefits, and tax budget from bottom-up manner. Payroll budget also enables companies to reduce missing employee expense targets which may lead to great impact on profitability.

Sample of Payroll Budget :

Sample of Payroll Budget Template

Sample of Payroll Budget Template

Payroll Budget Template Sample

Payroll Budget Template Sample

Payroll Budget Template Example

Payroll Budget Template Example

Example of Payroll Budget Template

Example of Payroll Budget Template

If you are in a service-based company where labor cost is considerate to be main expenses, payroll budget can be as much as 50% of the whole HR budget. On the other hand, if you are in a product or goods business, the payroll budget can be lower than 30% whereas the main budget consumption will be on machineries and fixed assets.

Payroll Budget Template | word download

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