Recruitment Budgeting
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Recruitment Budgeting

kmaarthi Started The Discussion:

Hi, I’m currenly working on recruitment.I need guidance and your inputs on the following. 1.What is recruitment budget. 2.How do I plan for it. Regards, K.M.Aarthi

Nima C - Member Since: Aug 2007
Hello,

First, you will need to talk to your Business Heads/HOD's regarding the Sales/Productivity plan and ask them to project their Manpower requirement(make them specify the grade, projected CTC,etc) for the next year.

Also expenses for the current year or past year toward recruitment will help. The average of the previous yrs can be used to estimate the cost per position for each of below heads.
- Recruitment Agency cost (generally the cost varies between 8.33% to 12% of CTC.
- Cost towards print Advertising
- Cost towards Internet Portal subscription
- Relocation cost
- Pre-employment medical checkup.
- Candidate Interview travel,hotel,etc reimbursement cost.


I think this should give you a good estimate of your next years recruitment budget

gowri_bsa - Member Since: Nov 2006
Dear Aarthi, Pls find the attachement. Hope it will be useful to u. Regards, Gowri


Attached FilesProvided by community member gowri_bsa. Join us to learn and grow with your peers.
File Type: xls recruitment_cost_analysis_808.xls (17.0 KB, 2479 views)
File Type: xls hr_budget1_433.xls (140.0 KB, 2084 views)
sswatikapoor - Member Since: Feb 2008
Hello seniors

Though am not able to fully understand how do we plan the budget for recruitment but still it was helpful.
If possible, then please someone can throw more light on the "planning of budget"

thanks

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