Technology

The budget would be a 55%-45% split with 55% being for the technology and equipment used on the job. It is very important to have the latest equipment when dealing with cyber security or anything to do with running programs. There is no room for error when protecting a website or big corporation from constant oncoming threats like viruses or active hacking attempts. Not spending so much on employees is the key to providing them with the best technology to make the job as smooth and easy as possible.


Training

The 45% would be for training a small number of employees. This would balance out the smaller budget for them. Fewer employees with high amounts of training and great resources to complete the job is the best-case scenario to create. This leads to higher pay for the workers and fewer people to keep up with the supervisor. This group may not be able to handle more than one or two projects at a time but the projects they do receive will be done thoroughly with the training they will receive.


Conclusion

Overall this budget split provides a good work environment for the employees and allows for the longevity of the company. The company could grow and hire more employees or even get more training. There is but so far training can go so gaining more employees would be a long-term goal as well as having technology up to date and keeping a proper work environment.


Forbes Finance Council. (2021, Nov 4). Putting the balance in balancing your company budget. Forbes. https://www.forbes.com/councils/forbesfinancecouncil/2021/11/04/putting-the-balance-in-balancing-your-company-budget/

Harvard Business School Online. (2021, Nov 16). How to prepare a budget for an organization. Harvard Business School Online Blog. https://online.hbs.edu/blog/post/how-to-prepare-a-budget-for-an-organization