Hi there Jalil
ofcoure when doing manpower budgeting & Planning the financial implication is most importatnt
How much salaires the organisation is paying for the existing employees (annually)
How much increment they are planning to pay for the existing employees
how much bonuses to be paid
how much annual employee insurance is being paid
How much training is the company going to invest in (to include travel expenses, accomodation,training fees)
this is only for existing Now you do the same as above but estimated for budgted manpower to be recruited
its alot of work and sounds easy but beleive me its not and for the estimated part you try to keep it as realistic as possible
All the above is much easier with comprate companies i.e. companies expecting Return On Investment (ROI) cause the company is generating money
but its not easy for Government organisations as they depend on Government Funds.
ofcoure when doing manpower budgeting & Planning the financial implication is most importatnt
How much salaires the organisation is paying for the existing employees (annually)
How much increment they are planning to pay for the existing employees
how much bonuses to be paid
how much annual employee insurance is being paid
How much training is the company going to invest in (to include travel expenses, accomodation,training fees)
this is only for existing Now you do the same as above but estimated for budgted manpower to be recruited
its alot of work and sounds easy but beleive me its not and for the estimated part you try to keep it as realistic as possible
All the above is much easier with comprate companies i.e. companies expecting Return On Investment (ROI) cause the company is generating money
but its not easy for Government organisations as they depend on Government Funds.