"Human Resource Management1 Executive SummaryThe project is a combination of both reflective and ruminative study of HRM initiatives thatorganizationsmust implement at their workplace to keep up with the changing times ofmarket forces, societal structures, human resource factors external and internal factors in anenvironment of an organization. Such initiatives affect the organization both in short and longterm in terms of efficacy of leadership, psychological capacityand leadership self-awareness.Under good leadership, an organization thrives and progresses strongly whereas under weakor unstable leadership, the organization existence itself is threatened and eventually it wilts asit fails to keep up with market.The project covers a business case of an organization G-Tec Computer Education Centre,based in Singapore, a small-medium sized organization facing challenges of retainship in itsleadership levels. The project covers steps to intervene with a HRM initiative to counterleadership issues being faced, a leadership development programme to help prepare theorganization leaders to better prepare for their job roles and responsibilities. It also covers acost-benefit analysis as well as ROI analysis to show to management how effective theprogramme could be in short and long term for creating a productive workforce.2 Table of ContentsHRM initiative ........................................................................................................................... 41. Cost-Benefit analysis........................................................................................................... 82. Return on Investment (ROI) .............................................................................................. 103. Evaluation.......................................................................................................................... 114. Business Case Summary ................................................................................................... 135. Critical Reflective Analysis .............................................................................................. 14Reference List .......................................................................................................................... 163 HRM initiativeIncreasing competition in market, expanding technology and dynamic market are all pushingevery organization forcefully to either improve or perish? Organizations are hence, undertremendous strain to alter their status quo in to something that is future ready. For everyorganization, thus; it is important to bring on board new leaders who as visionaries are readyto take the organization to next level. It is thus the onus of HR to build the leaders for futuretoday. Amidst all these complex environments, the role and responsibility of HR in anorganisation is very challenging as they have to deal with the policies and setups broughtforward by the organisation (Dickmannet al. 2016). It is crucial for the management to recruitemployees who are capable of delivering quality output that can enhance the businessprospect for the organisation.HR is always on lookout for ways to build leadershipcapabilities. The HR initiative selected for the project is “Leadership DevelopmentProgramme” The project shall cover aspects like steps to creating the leadership developmentprogramme, time-period that shall be involved, what would be the necessary stages for itsimplementation, benefits it should provide the organization on its implementation, costbenefit analysis, ROI analysis, an evaluation plan to check its effectiveness. The LeadershipDevelopment programme or LDP will be focussed on creating a difference in capability ofdeserving candidates to build new skills, uncover their potential for leadership and also, takeup new roles which would be instrumental in providing new direction to the functionalworkforce (Honget al. 2016, p. 687)For the project, have selected a skill development organization in Singapore called G-TecComputer Education Centre. It is an organization which provides quality education inInformation Technology sector. The organization focusses on collaborating with Govt. underits various skill development programmes. Skill development programmes are an offering bythe Govt. to the youth of the nation to upskill itself. There are various programmes for whichskill development programmes are rolled out and for this private organizations join hand withGovt. to implement such programmes at grass root levels (Ehnertet al. 2016, p 91).Skilldevelopment organizations need to reach out to the youth, they must follow the parametersset by the Govt. in running the programme and training. Students are selected, training isconducted and finally placed into mainstream organizations. The youth gets employment atthe end of the programme, sometimes even monetary benefits or other benefits whenattending the programme.The organizations receive payment from the Govt. after verifyingthe outcomes achieved. (To get paid for running the programme, Govt. applies certain terms 4 "