Image FX: Budget Proposal

1
Image FX Budget Proposal

• Human Resources

2
Cost of Recruiting

• Michael Marcelo
• Greg LaSpina
• Wayne Lee
• Vitali Ogorodnikov

3
Advertising Strategies
The success of any company fully depends upon
those who run it. This is why having the best
staff available is crucial and staff recruiting
strategies need to be taken seriously. To get the
cream of the crop while saving as much money as
possible, we devised a recruiting plan that
involves a series of employment services fit to
specific target audiences and their skill,
importance to company, and availability levels.
4
Advertising Budget
5
Benefits

• Image FX
• Human Resources
• James Kim Nancy Lee

6

• Benefits will attract many qualified individuals
  to work for our company, Image FX. Therefore, it
  is important for the company to provide our
  department with enough funding to provide
  benefits such as the required Workers
  Compensation and other favored benefits such as
  the health and life insurances (not required by
  state).

7
IT

• According to salary.com, the Director of IT has
  an average salary of 189,446 in which 35 is
  benefits.
• Breakdown of the Benefits
• Bonuses 22, 927
• Social Security 7,578
• 401k/403b 5,314
• Disability 3,582
• Healthcare 5,490
• Pension 4,756
• Time Off 16,034

8

• SAP Systems Analyst has an average salary of
  143,296 in which 36 is benefits.
• Breakdown of the Benefits
• Bonuses 17,555
• Social Security 7,028
• 401k/403b 3,941
• Disability 2,656
• Healthcare 5,390
• Pension 3,527
• Time Off 11,891

9

• IT Operations Manager- Base salary 82,811
• Bonuses 2,305
• Social Security 6,511
• 401k/403b 3,081
• Disability 2,077
• Healthcare 5,390
• Pension 2,758
• Time off 9,297

10

• SAP Analyst has a base salary 48,196 29 is
  benefits.
• Bonuses 952
• Social Security 3,760
• 401k/403b 1,779
• Disability 1,199
• Healthcare 5,390
• Pension 1,592
• Time off 5,368

11
Finance

• Budget Director has an average Salary 121,446
  29 is benefits.
• Bonuses 4,821
• Social Security 6,768
• 401k/403b 3,291
• Disability 2,218
• Healthcare 5,390
• Pension 2,945
• Time off 9,930

12

• VP of Finance makes 135,477 in which 27 are
  benefits.
• Bonuses 6,540
• Social Security 6,935
• 401k/403b 3,708
• Disability 2,499
• Healthcare 5,390
• Pension 3,319
• Time off 11,189

13

• Director of Finance makes a total of 121,655
  29 are benefits.
• Bonuses 5,282
• Social Security 6,770
• 401k/403b 3,297
• Disability 2,222
• Healthcare 5,390
• Pension 2,951
• Time off 9,948

14

• Finance Analysts make a total salary of 73,025.
  29 of that include benefits.
• Bonuses 1,210
• Social Security 4,046
• 401k/403b 1,915
• Disability 1,291
• Healthcare 5,390
• Pension 1,714
• Time off 5,778

15

• Staff Accountants make about 58,361 in which 30
  are benefits.
• Bonuses 764
• Social Security 3,169
• 401k/403b 1,500
• Disability 1,011
• Healthcare 5,390
• Pension 1,342
• Time off 4,525

16
Marketing

• VP of Marketing makes a total of 291,342 in
  which 35 is benefits.
• Bonuses 42,326
• Social Security 8,815
• 401k/403b 7,421
• Disability 5,662
• Healthcare 5,390
• Pension 6,642
• Time off 25,348

17

• Marketing Director makes a total salary of
  215,394 in which 34 are benefits.
• Bonuses 26,002
• Social Security 7,888
• 401k/403b 6,086
• Disability 4,102
• Healthcare 5,390
• Pension 5,447
• Time off 18,364

18

• Marketing Analysts make a total 62,509 in which
  30 are benefits.
• Bonuses 646
• Social Security 3,417
• 401k/403b 1,617
• Disability 1,090
• Healthcare 5,390
• Pension 1,447
• Time off 4,879

19

• The total of these benefits are
• 1,492,619.
• This very large number does not include all the
  benefits for generalists such as analysts, staff
  accountants, engineers, custodians, secretaries,
  etc.
• We need about 2 million dollars to provide the
  benefits to our future employees.

20

• If the budget of Image FX is too tight, then
  obviously we must lower salaries and offer less
  benefits. However, it is important to keep in
  mind that salaries and benefits are what attracts
  many potential employees to our company,
  especially since Image FX is new and does not
  have much background information available.