How Can I Create a Cost-Effective Recruitment and L&D Budget for a Mid-Sized IT/ITES Company?

Hi Team, can anyone help me with a cost-effective recruitment and L&D budget for a mid-sized IT/ITES company? I am in the process of supporting an organization in setting up their HR team. Please help me.

Regards, Manu

Dear Manu, The budget for recruitment and employees would vary depending on various parameters. Your recruitment budget will depend on the manpower attrition level, whether diversification is planned into new businesses, and the likelihood of the introduction of new products, etc.

To know more about the training budget, click the following link: https://www.citehr.com/521218-standa...per-annum.html. The above link will not settle your query directly; nevertheless, the points mentioned in my reply are relevant for the budget as well.

Thanks,
Dinesh Divekar

Thank you very much for your prompt response. What if I tell you that the manpower plan for 2015-2016 is, let's say, 130, and the company does not have any history of a recruitment budget as such? How would you go about creating the budget?

Regards,
Manu