DeVry HRM 420 Week 4 ADDIE ROI and Vendor Training Latest

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DeVry HRM 420 Week 4 ADDIE ROI and Vendor Training Latest

 

DeVry HRM 420 Week 4 ADDIE, Employee Development, Training Budgets, ROI, and Vendor Training Services

DeVry HRM 420 Week 4 Discussion

WEEK 4: DISCUSSION QUESTION

It is assumed that our jobs as training professionals are to train people. But this entails far more than just developing or leading training sessions. We also have to consider the costs of training.

What factors are used in developing ROI (return on investment) for training programs? What questions might we expect to have to answer from upper management concerning the costs of training?   Share with the class, your experience with training ROI.

Submit in each discussion: ONE initial post addressing the topic/question by Wednesday at 11:59 PM EST and post TWO response posts to the Weekly Discussion by Sunday at 11:59 PM EST

DeVry HRM 420 Week 4 Assignment

WEEK 4: TEAM CASE ANALYSIS AND PRESENTATION

Each group should do the following:

• Analyze the case: Development is Served 24/7 in the InterContinental Hotel Group’s Leader Lounge,which is found on pages 415-416 of the text.
• Create a two to three pagepaper (not including cover page and reference page) answering questions 1-3 on page 417 submit in APA format a Word document. Do not include the questions in the paper, instead use headings.

Suggested Headings:

Introduction

Advantages and Disadvantages

Recommended Developmental Activities

Evaluation and Metrics

Conclusion

• Create a 2-4 slide PowerPoint presentation with a five to seven minute narration that presents the material from the paper.
• This week’s case for analysis is Learning in Practice: Development is Served 24/7 in the InterContinental Hotel Group’s Leader Lounge,which is found on pages 415-416 of the text.

WEEK 4: HOMEWORK

Week 4: Homework Overview

You will submit 2 items for this assignment.  Part 1 is a personal IDP and Part 2 is an APA format paper (cover page and reference page inclueded) that answers the following:

Homework Part 1
Download the (IDP) individual development plan template from the Files section and begin preparing to fill it out. This will be used in the discussion threads this week, as well as a final weekly deliverable. Your IDP should include 3-5 SMART Goals for your development in your current job. Be specific on the desired outcomes. (Homework Part 1, 50 points). There is a sample in the Announcements.

Homework Part 2
Answer the following four problems and submit all questions in a Word document. Include an APA formatted cover page, headers, and any references you use to answer the problems on the last page.

1. Training return on investment (ROI)is a calculation of economic return on a project. Refer to the lesson for the formula. Review this problem. Your answers to this question can include a table to answer the calculations. Please show your work.

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.

1. Total savings that the program stands to create
2. Net savings the first year in place
3. Return on investment after one year
4. Return on investment after two years
5. Return on investment after six months (assume half of the employees/but all of the cost) (5 points)
6. Cost-benefit analysispresents 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).

1. What is the cost-benefit ratio of this training? (2.5 points)
2. What is the return on investment after one year? (2.5 points)
3. Do you agree that we can use the amount of our settlements from the prior year as our savings figure? Why or why not? (5 points) (10 points total)
4. 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.

1. When would the break-even point occur, given steady savings and costs? (5 points)

1. 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.(5 points)

 

 

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DeVry HRM 420 Week 4 ADDIE ROI and Vendor Training Latest

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