Image FX: Budget ProposalImage FX: Budget Proposal

Human ResourcesHuman Resources

Cost of RecruitingCost of Recruiting

Michael MarceloMichael Marcelo

Greg LaSpina Greg LaSpina

Wayne LeeWayne Lee

Vitali OgorodnikovVitali Ogorodnikov

Advertising StrategiesAdvertising 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.

Advertising BudgetAdvertising Budget

Sources Time Cost Jersey Journal 1 month $350.00

N.Y. Times 1 month $500.00

CareerBuilder 1 month $4168.00

HotJobs.com 1 month $1875.00

NationJob.com 1 month $1335.00

Total $8228.00

BenefitsBenefitsImage FXImage FX

Human ResourcesHuman Resources

James Kim & Nancy LeeJames Kim & Nancy Lee

Benefits will attract many qualified Benefits will attract many qualified individuals to work for our company, individuals to work for our company,

Image FX. Therefore, it is important for Image FX. Therefore, it is important for the company to provide our department the company to provide our department with enough funding to provide benefits with enough funding to provide benefits

such as the required Workers such as the required Workers Compensation and other favored Compensation and other favored

benefits such as the health and life benefits such as the health and life insurances (not required by state).insurances (not required by state).

ITIT

According to salary.com, the Director of IT has an average According to salary.com, the Director of IT has an average salary of $189,446 in which 35% is benefits.salary of $189,446 in which 35% is benefits.

Breakdown of the BenefitsBreakdown of the Benefits

Bonuses: $22, 927Bonuses: $22, 927

Social Security: $7,578Social Security: $7,578

401k/403b: $5,314401k/403b: $5,314

Disability: $3,582Disability: $3,582

Healthcare: $5,490Healthcare: $5,490

Pension: $4,756Pension: $4,756

Time Off: $16,034Time Off: $16,034

SAP Systems AnalystSAP Systems Analyst has an average salary of $143,296 has an average salary of $143,296 in which 36% is benefits.in which 36% is benefits.

Breakdown of the BenefitsBreakdown of the Benefits

Bonuses: $17,555Bonuses: $17,555

Social Security: $7,028Social Security: $7,028

401k/403b: $3,941401k/403b: $3,941

Disability: $2,656Disability: $2,656

Healthcare: $5,390Healthcare: $5,390

Pension: $3,527Pension: $3,527

Time Off: $11,891Time Off: $11,891

IT Operations Manager-IT Operations Manager- Base salary: $82,811 Base salary: $82,811

Bonuses: $2,305Bonuses: $2,305Social Security: $6,511Social Security: $6,511

401k/403b: $3,081 401k/403b: $3,081 Disability: Disability: $2,077 $2,077 Healthcare: $5,390 Healthcare: $5,390

Pension: $2,758 Pension: $2,758 Time off: $9,297 Time off: $9,297

SAP AnalystSAP Analyst has a base salary $48,196; 29% is has a base salary $48,196; 29% is benefits.benefits.

Bonuses $952Bonuses $952Social Security $3,760Social Security $3,760

401k/403b $1,779401k/403b $1,779Disability $1,199Disability $1,199

Healthcare $5,390Healthcare $5,390Pension $1,592 Pension $1,592 Time off $5,368Time off $5,368

FinanceFinance

Budget DirectorBudget Director has an average Salary: has an average Salary: $121,446; 29% is benefits.$121,446; 29% is benefits.

Bonuses: $4,821 Bonuses: $4,821 Social Security: $6,768 Social Security: $6,768

401k/403b: $3,291 401k/403b: $3,291 Disability: $2,218 Disability: $2,218

Healthcare: $5,390 Healthcare: $5,390 Pension: $2,945 Pension: $2,945 Time off: $9,930Time off: $9,930

VP of FinanceVP of Finance makes $135,477 in which 27% are makes $135,477 in which 27% are benefits.benefits.

Bonuses $6,540Bonuses $6,540Social Security $6,935Social Security $6,935

401k/403b $3,708401k/403b $3,708Disability $2,499Disability $2,499

Healthcare $5,390 Healthcare $5,390 Pension $3,319Pension $3,319Time off $11,189Time off $11,189

Director of FinanceDirector of Finance makes a total of $121,655; makes a total of $121,655; 29% are benefits.29% are benefits.

Bonuses $5,282Bonuses $5,282Social Security $6,770Social Security $6,770

401k/403b $3,297 401k/403b $3,297 Disability $2,222Disability $2,222

Healthcare $5,390 Healthcare $5,390 Pension $2,951 Pension $2,951 Time off $9,948 Time off $9,948

Finance AnalystsFinance Analysts make a total salary of $73,025. make a total salary of $73,025. 29% of that include benefits.29% of that include benefits.

Bonuses $1,210Bonuses $1,210Social Security $4,046Social Security $4,046

401k/403b $1,915401k/403b $1,915Disability $1,291Disability $1,291

Healthcare $5,390Healthcare $5,390Pension $1,714Pension $1,714Time off $5,778 Time off $5,778

Staff Accountants Staff Accountants make about $58,361 in which make about $58,361 in which 30% are benefits.30% are benefits.

Bonuses $764Bonuses $764Social Security $3,169 Social Security $3,169

401k/403b $1,500401k/403b $1,500Disability $1,011Disability $1,011

Healthcare $5,390Healthcare $5,390Pension $1,342 Pension $1,342 Time off $4,525 Time off $4,525

MarketingMarketing

VP of MarketingVP of Marketing makes a total of $291,342 in makes a total of $291,342 in which 35% is benefits.which 35% is benefits.

Bonuses $42,326Bonuses $42,326Social Security $8,815Social Security $8,815

401k/403b $7,421 401k/403b $7,421 Disability $5,662 Disability $5,662

Healthcare $5,390 Healthcare $5,390 Pension $6,642 Pension $6,642 Time off $25,348 Time off $25,348

Marketing DirectorMarketing Director makes a total salary of makes a total salary of $215,394 in which 34% are benefits.$215,394 in which 34% are benefits.

Bonuses $26,002 Bonuses $26,002 Social Security $7,888 Social Security $7,888

401k/403b $6,086 401k/403b $6,086 Disability $4,102 Disability $4,102

Healthcare $5,390 Healthcare $5,390 Pension $5,447 Pension $5,447 Time off $18,364 Time off $18,364

Marketing Analysts Marketing Analysts make a total $62,509 in make a total $62,509 in which 30% are benefits.which 30% are benefits.

Bonuses $646 Bonuses $646 Social Security $3,417 Social Security $3,417

401k/403b $1,617 401k/403b $1,617 Disability $1,090 Disability $1,090

Healthcare $5,390 Healthcare $5,390 Pension $1,447 Pension $1,447 Time off $4,879 Time off $4,879

The total of these benefits areThe total of these benefits are

$1,492,619.$1,492,619.This very large number does not include all the This very large number does not include all the

benefits for generalists such as analysts, staff benefits for generalists such as analysts, staff accountants, engineers, custodians, secretaries, etc.accountants, engineers, custodians, secretaries, etc.

We need about We need about $2 million$2 million dollars to dollars to provide the benefits to our future provide the benefits to our future

employees.employees.

If the budget of Image FX is too tight, If the budget of Image FX is too tight, then obviously we must lower salaries then obviously we must lower salaries and offer less benefits. However, it is and offer less benefits. However, it is

important to keep in mind that important to keep in mind that salaries and benefits are what salaries and benefits are what

attracts many potential employees to attracts many potential employees to our company, especially since Image our company, especially since Image FX is new and does not have much FX is new and does not have much background information available.background information available.