Unit 8 [HR410: Employee Training and Development] Unit 8 Assignment:
Return on Investment (ROI) In this Assignment, you will apply ROI to a specific organization’s training, you will use a cost-benefit analysis as a means of determining whether or not an organization should implement a specific training program, and you will identify a potential training program of value to the organization.
You will apply ROI to a specific organization. Training programs are expensive and the companies want to know what to expect in terms of a ROI if the training is completed.
Select an organization that you are sufficiently positioned with to get the information you need for this Assignment.
It could be a company you have worked with or a nonprofit organization with which you have had some experience.
It will be more difficult to complete the Assignment if you select an organization where you are an outsider, unable to gather the needed information.
You will use a cost-benefit analysis as a means of determining whether or not an organization should implement a specific training program.
The cost-benefit analysis will indicate the potential value of the training program under consideration.
You will also identify a potential training program of value to the organization. (This could be any type of training:
Employee orientation, safety, quality, customer service, operations, and sales.
Take a look at Figure 1.4 on page 43 for ideas on different types of training provided by companies.)
Then, complete a cost-benefit analysis. You will then make a recommendation to the organization on how to proceed with this potential training program.
Tables 6.11 and 6.12 provide an example of how to do this. Worksheet: Use the ROI Worksheet for this Assignment.
This worksheet is also available in Course Resources. Assignment Requirements Answers contain sufficient information to adequately answer the questions and contain no spelling, grammar, or APA errors.
Points deducted from grade for each writing, spelling, or grammar error are at your instructor’s discretion.
Review the grading Rubric below before beginning this Assignment.
Directions for Submitting Your Assignment Compose your Assignment in a Word document and save it as Username-HR410 AssignmentUnit#.doc (Example: TAllen-HR410 AssignmentUnit8.doc).
Submit your file by selecting the Unit 8: Assignment Dropbox by the end of Unit 8.