ERG Toolkit1 (1) - Flipbook - Page 14
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STEP 4: DEVELOP BUDGET AND SECURE FUNDING
Once the goals of the ERG are established and agreed upon, prepare a budget
(you can use this template) that supports implementation and submit it to the
person at your agency that oversees this. Since this individual represents upper
management, he or she may be in the best position to advocate for the group
and to secure the funding needed to carry out its stated mission and goals.
In order for the group to be perceived as part of the organization, it is critical to
obtain financial support. Information compiled from leading companies
indicates that most allocate funds for their own ERGs. However, it is advisable to
consider other methods of funding.
These may include:
Employee membership fees, if any
Funding from the company’s budget
Funding from representative departments
Funding from annual grants provided by the Human Resource Diversity
Department
Worksheet for Identifying Approval and Funding Sources
Purpose: The worksheet on the following page will help identify key
individuals within the agency who need to sign off on the ERG and
determine the potential for funding, including whether the company
allows fundraising and what resources may be necessary.
R
EG
employee resource group
