Instructions

You are one of the People Managers at a new mid-sized law firm in Toronto as of September, 2019. The law firm differentiates itself from the competition by emphasizing their commitment to pro-bono

work. They also try to appeal to a newer generation of lawyers by rejecting the standard 80-hour work week. One of the ways they do this is through great benefits and rewards, virtual/work from home

days, and a great coaching program for employees.

You have been hired to oversee the following for 2020:

• Talent and recruitment
• Key talent development (including associates to partner level)
• Learning and development
• Diversity and Inclusion

Additional information on projects under each of the above:

Talent and recruitment

1. The law firm plans to recruit key talent from 3 Canadian law schools. The Recruitment team (of 5) will be spending 2 days each in hotels near the 3 university campuses to help plan recruiting events for new grads
2. Recruiting will take place in April, just in time for associates to begin in the fall (September)
3. Assume $70/night for hotel cost

Key Talent Development

1. Key Talent needs to be identified early on. For 2020, 5 individuals will need to be identified (2 partners, 2 associate lawyers, and 1 articling law student). The group of 5 will spend a day at a golf course and will have a chance to participate in golf activities as well as networking.
2. In addition to the 1 day of golf, the group of 5 will have a chance to participate in a full day workshop (7.5 hours) for SDI training which will be covered by the firm. This includes hiring of an external SDI facilitator ($230/hour) as well as paying for SDI assessments ($40 per person).

Learning and development key projects here include the following:

1. New associate training
2. Experienced associate training
3. Partner training

Diversity and Inclusion

1. The firm will be new to this and is looking to implement a D&I heavy focus. They would like to allocate some money in the budget to this focus area. A few starters would be to hire a director, and 2 associates to help manage the projects.
2. The CEO would like to have a kick-off event for staff to promote their strategic focus on D&I. The kick-off event will be a 1-day event and will require promotional materials (Handouts, stickers, swag) as well as catered breakfast, coffee, and a key note speaker to address the firm for a one hour speaking session. Based on previous discussions, the CEO is looking for something motivational; it needs to be inspiring while addressing D&I. A good agency website that promotes speakers and provides costing information is speaker spotlight.

Assumptions: -Finance Training Days

100 Staff

4Training Sessions,1 per quarter

Lunch $25 per person

Trainer Cost Q1 $2000

Speaker Cost Q3 $4000

Trainer Cost Q4 $2500

Participation Prizes $1000

Budget for Finance Training for Fiscal Year 2020	Q1	Q2	Q3	Q4	TOTAL
Training Days:
Lunch (100 Staff@$25 per price	$2,500	$2,500	$2,500	$2,500	$10,000
Participation Price	$250	$250	$250	$250	$1,000
Trainer Costs	$2,000	$ -	$ -	$2,500	$4,500
Speaker Costs	$ -	$ -	$4,000	$ -	$4,000
Total Budget Finance Training Days	$4,750	$2,750	$6,750	$5,250	$19,500

Question1:

Prepare an annual budget for 2020 and what think the firm will need for the projects outlined above. Please make the budget as detailed as possible based on the information. I also want to ensure the budget is broken down by quarter (Q1, Q2, Q3, Q4), keeping in mind key activities that take place in certain times of the year