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
From India, Madras
From India, Madras
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
From India, Verna
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
From India, Verna
7Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Working with communities.ppt
Startups Look for Right Fit, Rewrite CV of Recruitment.pdf
Flow Chart for Recruitment till retirement.xls