First, prepare a 1- to 2-page paper on the relationship between strategic planning and budgeting. What is the role of each? How do they differ? Find specific examples to support your responses within the context of Human Resource management.
Second, prepare a graphic illustrating at least five different budget types, and their uses and key features. Focus your thoughts within the context of the HR department and where appropriate refer to the HR sub-functions such as staffing, rewards, and employee development. You may opt to design a table, create a mind map, or choose another form of presentation that illustrates the concepts in a way that is meaningful and useful for your personal reference.
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