Question
Flag question: Spacer Management is questioning proposals by the HR department to increase spending on training. You know that well-trained employees are more productive, but
Flag question: Spacer Management is questioning proposals by the HR department to increase spending on training. You know that well-trained employees are more productive, but how do you quantify that? In this assignment, you will compare the cost of training with the savings from productivity improvements because of training. By calculating the return on investment (ROI), you will gain a better understanding of the value of allocating budget resources to training. Each of the following pieces of information will be used in the Program A questions below: The company spends $32,000 per year in wages for each Level 1 employee You currently employ 500 Level 1 workers. The current productivity level is 800 units per worker The current production goal of 400,000 units By spending $240,000 on training, it is projected that productivity can be increased by 2% ROI Formula: ROI = 100 (Savings Expense) / Expense
Program A
If your yearly production goal remains at 400,000 units, how many Level 1 employees do you need to reach the goal after the training program?
(Production goal / new production rate per employee = number of employees needed to train)
Round up or down to the nearest whole number. Do not use a symbol in your answer.
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