Reference no: EM131306641
Homework Part 1
Download the individual development plan template from the Doc Sharing tab and begin preparing to fill it out. This will be used in the threads this week, as well as a final weekly deliverable. (Homework Part 1, 50 points)
Homework Part 2
Answer the four following problems and submit all questions in a Word document. Include a title page with your name and APA (6th edition) information, headers, and any references you use to answer the problems. Note to students who are planning to take the SHRM Assurance of Learning exam, PHR, or SPHR exam, these problems are derived from SHRM-based scenarios. (Homework Part 2, 25 points)
Training return on investment (ROI) is a calculation of economic return on a project. Refer to the lecture for the formula. Review this problem.
An organization lost 125 employees last year, at a cost of $5,000.00 each. (Value is derived from cost to rehire and fill opening, as well as lost investment in the employee.) You suggest that a one-time investment in a training program (costing $250,000 up front) will reduce turnover by 50%. Calculate the following numbers using historical figures as your assumptions.
Total savings that the program stands to create
Net savings the first year in place
Return on investment after one year
Return on investment after two years
Return on investment after six months (assume half of the employees/but all of the cost)
Cost-benefit analysis presents data as a ratio to determine financial impact on company profitability. The formula is: cost-benefit ratio = value of projected benefits divided by cost.
We have estimated that a training program on sexual harassment will cost $14,000 and result in a savings of $70,000 (the cost of the two settlements we paid last year).
What is the cost-benefit ratio of this training?
What is the return on investment after one year?
Do you agree that we can use the amount of our settlements from the prior year as our savings figure? Why or why not?
Break-even analysis. This is the point in which revenue (or savings) from the program equals the cost of the program-the time the company has "broken even" on the cost of the training.
Formula = Break-even point = cost/savings * time
*time is the period of time in which the return is being calculated-if annually, then 12 months.
A program has an annual cost of $70,000 and is expected to generate in return a savings of $80,000. When would the break-even point occur, given steady savings and costs?
Why is it important for trainers to be able to estimate the ROI, cost-benefit analysis, and break-even analysis? Give three reasons why calculating this information will assist the training endeavors.
|
How to grow food on their own
: Our idea is to use vertical farming to involve the homeless and underprivileged people to not only receive food and nutrients, but also learn how to grow food on their own.
|
|
Explain how staffing structure can be implemented
: Explain how staffing structure, policies, practices, procedures, information systems, budgets and legal reporting requirements can be implemented as an integrated staffing management system to help organizations meet their strategic goals. At the ..
|
|
What is the meaning of the term structural i
: What are the veneer grades? Which veneers are the more similar in appearance and surface qualities? Which veneers are structurally more similar? State the reasons for similarities.
|
|
Have you had to work under similar circumstances
: Have you had to work under similar circumstances where you were in a position and had to settle with utilizing technology resources that did not meet the necessary standards for you to perform your assigned tasks.
|
|
What is the cost-benefit ratio of this training
: A program has an annual cost of $70,000 and is expected to generate in return a savings of $80,000. When would the break-even point occur, given steady savings and costs?Why is it important for trainers to be able to estimate the ROI, cost-benefi..
|
|
Discuss concept of leadership and importance of leadership
: Discuss concept of leadership and the importance of leadership, and explain why you selected the style you chose for your leader. Discuss appropriateness or inappropriateness of the style exhibited by the leader you selected.
|
|
Community efforts and managing public relations
: Community Efforts and Managing Public Relations (PR)" Please respond to the following: You are a new PR intern at Apple. Apple is donating 200 iPads to a local inner-city school to promote technology in education.
|
|
Describe how writers chose to express themselves
: How writers chose to express themselves. Elements of style include word choice, sentence construction, and clarity. Style elements can vary according to the audience and purpose of the writing.
|
|
Produce the collection of sets
: COP 4020 - Your assignment is to read in a start symbol of a set of productions followed by the set of productions from stdin and produce the collection of sets of LR(0) items to stdout.
|