Image FX: Budget Proposal. Human Resources. Cost of Recruiting. Michael Marcelo Greg LaSpina Wayne Lee Vitali Ogorodnikov. Advertising Strategies.
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Image FX: Budget Proposal
Cost of Recruiting
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.
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).
According to salary.com, the Director of IT has an average salary of $189,446 in which 35% is benefits.
Breakdown of the Benefits
SAP Systems Analyst has an average salary of $143,296 in which 36% is benefits.
Breakdown of the Benefits
IT Operations Manager- Base salary: $82,811
SAP Analyst has a base salary $48,196; 29% is benefits.
Budget Director has an average Salary: $121,446; 29% is benefits.
VP of Finance makes $135,477 in which 27% are benefits.
Director of Finance makes a total of $121,655; 29% are benefits.
Finance Analysts make a total salary of $73,025. 29% of that include benefits.
Staff Accountants make about $58,361 in which 30% are benefits.
VP of Marketing makes a total of $291,342 in which 35% is benefits.
Marketing Director makes a total salary of $215,394 in which 34% are benefits.
Marketing Analysts make a total $62,509 in which 30% are benefits.
The total of these benefits are
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.