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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

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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: $7,578

  • 401k/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: $7,028

  • 401k/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: $6,511

  • 401k/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 $3,760

  • 401k/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: $6,768

  • 401k/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 $6,935

  • 401k/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 $6,770

  • 401k/403b $3,297

  • Disability $2,222

  • Healthcare $5,390

  • Pension $2,951

  • Time off $9,948


Finance Analysts make a total salary of $73,025. 29% of that include benefits.

  • Bonuses $1,210

  • Social Security $4,046

  • 401k/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 $3,169

  • 401k/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 $8,815

  • 401k/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 $7,888

  • 401k/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 $3,417

  • 401k/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.


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