Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2.5 Applying the Concept Return on Investment (ROI) For all your HR investment programs, the objective is to get at least 0.25 or 25% ROI.

image text in transcribed
image text in transcribed
2.5 Applying the Concept Return on Investment (ROI) For all your HR investment programs, the objective is to get at least 0.25 or 25% ROI. In each of the four HR programs: 1. Calculate the ROI and place the number and percentage (%) on the line before the number. 2. State if it (a) does or (b) doesn't meet the objective on the line after the number and explain the results of the ROI calculations. 21. . HR developed a new program to reduce absenteeism. The program cost $1,000. Absenteeism decreased, resulting in a cost savings of $2,000. 22. .. HR developed a new program to improve employee morale. Morale increased at an estimated cost savings of $6,000, and the program cost $5,000. 23. . HR developed a new program to increase the percentage of minorities employed during the next 6 months. Although you hired more minorities, some current employees left the company and you hired more whites, resulting in a 1% gain, at an estimated value of $5,000. The extra recruiting cost targeted at minorities was $50,000. 24. . HR developed a new safety training program to decrease the number of accidents, resulting in paying employees while out of work due to injuries. The training cost $40,000, and the savings was $100,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Managerial Accounting

Authors: Maryanne Mowen, Don Hanson, Dan Heitger, David McConomy, Bradley Witt, Jeffrey Pittman

3rd Canadian edition

176530886, 176721231, 978-0176721237

More Books

Students also viewed these Accounting questions

Question

What are the major motivations for undertaking FDI?

Answered: 1 week ago

Question

To what extent is the information reliable and valid?

Answered: 1 week ago

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago