HUMAN RESOURCES FY 2023-24

Budget Presentation
FY 2023-24
 HUMAN RESOURCES FY 2023-24

Department Services Summary

Alethe Consulting Pvt Ltd. HR Department provides support and is a business partner to
leadership and employees in the areas of:

1. Salaries Rakesh Rao

2. Increments
MD
3. Talent Acquisition
4. Compliances(EPF & ESIC)
Harneet Kaur
5. Insurance Cost
6. Compliance Consultant Cost Manager- HR
7. HRMS Tool cost
8. Employee Birthday Celebrations Deven Kumar
9. Festival Celebrations(Holi, Diwali, Christmas Executive HR
& Founder’s Day)Cost
10. Company Offsite Cost

Headers FY 2022-23 FY 2023-24

Total HR Expense 8,76,44,700 9,55,64,700
 HUMAN RESOURCES FY 2023-24

Budget Summary
Headers FY 2022-23 FY 2023-24
Employee HC 185 190
Salary 7,92,00,000 8,71,20,000
EPF 68,40,000 68,40,000
ESIC 4,44,000 4,44,000
Insurance Cost 4,01,200 4,01,200
Sankhla Consultants Cost 1,44,000 1,44,000
Greyt HR( HRMS) Tool Cost 1,20,000 1,20,000
Monthly B’day Celebrations Cost 36,000 36,000
Holi Celebrations Cost 3000 3000
Diwali Celebration Cost 1,50,000 1,50,000
Christmas Celebration Cost 3,500 3,500
Founder’s Day Cost 3000 3000
Company Offsite Cost 3,00,000 3,00,000

Total 8,76,44,700 9,55,64,700

Budget Highlights
• Budget increase of 10%
• HR has considered a 10% hike in the existing employees salaries.