3. • 3 year high growth company
• Yet to hit breakeven point
• Plans to achieve 100% growth in revenue ($70 mil ->$140mil)
• Hit positive profitability by 2017
Background
4. • Maintain current staff strength
• Increase HR budget by 20%
2016 2017
Training & Development $800,000 $1,000,000 (+25%)
Certification & Awards $500,000 $600,000 (+20%)
Compensation & Benefits $8,500,000 $8,970,000 (+5.5%)
Recruitment & Selection $200,000 $230,000 (15%)
Total $9,000,000 $10,800,000 (+20%)
HR Budget Approach
5. Compensation & Benefits
• Market survey shows that our salaries across all
job functions are benchmarked against industry
standards
• Recommend for conservative increment for
salaries of senior management executives
• More emphasis on commissions and incentive
compensation to motivate employees to
perform
6. Recruitment & Selection
•Propose to increase budget by 15%
•Retain high performers and experienced
staff (80%), layoff underperforming staff
(5%)
•New hires – 22 staff
•Target sales executives, specialists and
engineers in medical device
7. Training & Development
• Skillset not up to date, increase budget in training/ e-
learning
• Use of more advanced medical technologies, increase staff
competency
• To reach out to global markets, travel expenses needs to be
increased
Certification & Awards
• Increase recognition & rewards to boost staff morale and
retain good performers.
8. Thank you.
If you have any questions please call 12345678 or email me at
stienberg@12345678.com
