This document summarizes the HR budget plan for Bio D Pte Ltd for the years 2016 and 2017. It proposes increasing the total HR budget by 20% from $9 million in 2016 to $10.8 million in 2017. Specific increases are proposed for training and development (25%), certification and awards (20%), compensation and benefits (5.5%), and recruitment and selection (15%). The increases aim to retain current staff, hire 22 new employees, update staff skills, and motivate employees to help the company achieve its revenue and profitability growth targets.

1. HR Budget
Planning for
Bio D Pte Ltd.
Presented by HCSTeam
HCS Academy for Manage Budgets
and Finances (Copyright 2017)

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2014 2015 2016 2017
Bio D Pte Ltd
Revenue Net Profit

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