Image FX: Budget Proposal Human Resources

Cost of Recruiting Michael Marcelo Greg LaSpina Wayne Lee Vitali Ogorodnikov

Advertising Strategies The success of any company fully depends upon those who run it. This is why having the best staff available is crucial and staff recruiting strategies need to be taken seriously. To get the cream of the crop while saving as much money as possible, we devised a recruiting plan that involves a series of employment services fit to specific target audiences and their skill, importance to company, and availability levels.

Advertising Budget

Benefits Image FX Human Resources James Kim & Nancy Lee

Benefits will attract many qualified individuals to work for our company, Image FX. Therefore, it is important for the company to provide our department with enough funding to provide benefits such as the required Workers Compensation and other favored benefits such as the health and life insurances (not required by state).

IT According to salary.com, the Director of IT has an average salary of $189,446 in which 35% is benefits. Breakdown of the Benefits Bonuses: $22, 927 Social Security: $7, k/403b: $5,314 Disability: $3,582 Healthcare: $5,490 Pension: $4,756 Time Off: $16,034

SAP Systems Analyst has an average salary of $143,296 in which 36% is benefits. Breakdown of the Benefits Bonuses: $17,555 Social Security: $7, k/403b: $3,941 Disability: $2,656 Healthcare: $5,390 Pension: $3,527 Time Off: $11,891

IT Operations Manager- Base salary: $82,811 Bonuses: $2,305 Social Security: $6, k/403b: $3,081 Disability: $2,077 Healthcare: $5,390 Pension: $2,758 Time off: $9,297

SAP Analyst has a base salary $48,196; 29% is benefits. Bonuses $952 Social Security $3, k/403b $1,779 Disability $1,199 Healthcare $5,390 Pension $1,592 Time off $5,368

Finance Budget Director has an average Salary: $121,446; 29% is benefits. Bonuses: $4,821 Social Security: $6, k/403b: $3,291 Disability: $2,218 Healthcare: $5,390 Pension: $2,945 Time off: $9,930

VP of Finance makes $135,477 in which 27% are benefits. Bonuses $6,540 Social Security $6, k/403b $3,708 Disability $2,499 Healthcare $5,390 Pension $3,319 Time off $11,189

Director of Finance makes a total of $121,655; 29% are benefits. Bonuses $5,282 Social Security $6, k/403b $3,297 Disability $2,222 Healthcare $5,390 Pension $2,951 Time off $9,948

Finance Analysts make a total salary of $73, % of that include benefits. Bonuses $1,210 Social Security $4, k/403b $1,915 Disability $1,291 Healthcare $5,390 Pension $1,714 Time off $5,778

Staff Accountants make about $58,361 in which 30% are benefits. Bonuses $764 Social Security $3, k/403b $1,500 Disability $1,011 Healthcare $5,390 Pension $1,342 Time off $4,525

Marketing VP of Marketing makes a total of $291,342 in which 35% is benefits. Bonuses $42,326 Social Security $8, k/403b $7,421 Disability $5,662 Healthcare $5,390 Pension $6,642 Time off $25,348

Marketing Director makes a total salary of $215,394 in which 34% are benefits. Bonuses $26,002 Social Security $7, k/403b $6,086 Disability $4,102 Healthcare $5,390 Pension $5,447 Time off $18,364

Marketing Analysts make a total $62,509 in which 30% are benefits. Bonuses $646 Social Security $3, k/403b $1,617 Disability $1,090 Healthcare $5,390 Pension $1,447 Time off $4,879

The total of these benefits are $1,492,619. This very large number does not include all the benefits for generalists such as analysts, staff accountants, engineers, custodians, secretaries, etc. We need about $2 million dollars to provide the benefits to our future employees.

If the budget of Image FX is too tight, then obviously we must lower salaries and offer less benefits. However, it is important to keep in mind that salaries and benefits are what attracts many potential employees to our company, especially since Image FX is new and does not have much background information available.