What’s a critical part of budgeting for new employees for a business?

Question

budgeting for their retirement packages

deciding how much money you will lose when they take unpaid sick days

deciding how many years will want them to work for you

budgeting for their IT expenses

Answer 1

A critical part of budgeting for new employees for a business is budgeting for their retirement packages. This involves planning for the costs associated with retirement benefits, such as 401(k) contributions or pensions, as well as any employer match programs that may be offered. These costs can significantly impact the overall budget and should be carefully considered to ensure long-term financial planning for the company and its employees.