How Do I Create an Effective HR Budget for a Small IT Company with 125 Employees?

Hi all!

I manage the HR functions of a relatively small IT organization that is not very structured, with headquarters in Kolkata and branch offices in Delhi and Mumbai. I would like to formulate an HR budget for my organization as a step towards making a planned move. I request you all to provide the relevant items that should be included in my budget, considering an employee strength of about 125 in total.

Thank you in advance.
Suchandra

Hi,

These are some of the expenses that I always budget for since money-wise I take care of both HR and Admin needs:
- Rent for premises
- Rent for Company Guest house
- Landline bills
- Reimbursements - mobile bills, local conveyance, miscellaneous
- Staffing charges (we use consultants to help us in permanent staffing)
- Electricity
- Corporation Water
- Drinking water - Bisleri
- Tea/ Coffee - Nescafe vendor
- Newspapers
- Housekeeping materials
- Birthday Celebrations for the month
- Stationery
- The approximate salary (CTC) for the number of people we will be hiring in a month/year
- Approximate expenditure for any outings planned for the office

I hope this helps - I know it's mostly admin stuff there, but this should give you an idea.

Regards,
Marshneil

Hi Mayur,

Could anyone explain to me the cafeteria budgeting for a corporate setting and how to calculate this?

Regards,
Mayur