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
Posted 10th September 2007 From India, Madras
Nima C 
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
Posted 10th September 2007 From India, Verna
Dear Aarthi, Pls find the attachement. Hope it will be useful to u. Regards, Gowri
Posted 10th September 2007 From India, Madras
Attached FilesProvided by community member gowri_bsa. Register to join your network of peers.
File Type: xls recruitment_cost_analysis_808.xls (17.0 KB, 3167 views)
File Type: xls hr_budget1_433.xls (140.0 KB, 2461 views)
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
Posted 15th March 2008 From India, Bangalore



 
 
 
 







Found This Useful? +Vote Up This Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
Copyright 2016 Cite.Communities (CiteHR.Com) User contributions are owned by the contributor.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network