Planning budget for recruiting firms

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Planning budget for recruiting firms

  1. 1. Recruiting FirmExample Income Statement BudgetNumber Producers (less owner) 3 APer Desk Average 225,000$ BProjected Average on Commissions 45% COwner Production 200,000$ DAnnual Mo Avg(Projected)Office Production 675,000 56,250 A * BOwner Production 200,000 16,667 DTotal Revenue 875,000 72,917%TotalAdvertising 1,200 100 0.14%Awards & Contests 26,250 2,188 3.00% Total Office Production * estimated cost as %Contributions 2,400 200 0.27%Dues 2,400 200 0.27%Equipment Expense 6,000 500 0.69%InsuranceHealth 24,296 2,025 2.78% (FT Admin and Owner on Ins. + A) * Mo Cost * 12Liability 1,850 154 0.21%Workers Comp 2,093 174 0.24% Total Payroll excluding owner * estimated cost as %Interest on Loans 0 0 0.00%Job Boards 8,500 708 0.97%MaintenanceSoftware 6,500 542 0.74%Phone 1,500 125 0.17%Meals 7,500 625 0.86%Misc 10,000 833 1.14%Office Supplies 4,800 400 0.55%Payroll - Producers 303,750 25,313 45.00% A * B * CPayroll Admin / Research 45,000 3,750 5.14%Payroll Owners 60,000 5,000 6.86%401(k) 13,898 1,158 1.59% Total Payroll * estimated cost as %Postage 240 20 0.03%Printing 240 20 0.03%Professional Development 15,000 1,250 1.71%ProfessionalAccounting 5,000 417 0.57%Legal 2,400 200 0.27%Rent 32,000 2,667 3.66%Repairs 2,400 200 0.27%Royalty - Franchise Fee 65,625 5,469 7.50% Total Revenue * Franchise Fee, if anyTaxesFranchise / State 0 0 0.00%Payroll 29,839 2,487 3.41% Total Payroll * estimated rate for FICA and FUTATelephone & Internet 12,500 1,042 1.43%Travel 6,000 500 0.69%UtilitiesElectricity 0 0 0.00%Water 700 58 0.08%Total Expenses 699,880 58,323 79.99%Net Income 175,120 14,593 20.01%Add back owner salary 60,000 12,500 6.86%Gross Income 235,120$ 27,093$ 26.87%

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