using the assumptions provide along with the 2021 financial information prepare a human resource department budget for 2022. Explain how you would monitor this budget on a monthly basis?

function like the hiring of new employees, and all terminations. The human resource (HR) department report for the completed 2021 year, included the following: 40 Average number of employees Number of new hires 4 Number of terminations 2 Number of HR employees 5 HR department costs Salaries $4,000,000 Employee-related overhead (25% of HR salaries) 1,000,000 Office expenses (20% of salaries) 800,000 Travel & interview costs (10% salaries) 400,000 Advertising 500,000 Total actual cost $6,700,000 (Assumptions) In 2022, it is expected that the number of employees will rise to 45; there will be 5 new employees hired each earning $100,000. Assume the new employees all start for April 1, 2022. Inflation will run at 5% for advertising