Overview This case study is based on the attached process, which we have been speaking about in dass. This report must demonstrate the inefficiencies that exist within thecurrent output. The goal of this case is to apply improvement techniques (STEP 6) that will have a significant impact in terms of cost, productivity and value added outputs. The report must identify alternatives to mitigate gaps that have been identified that will result in increased efficiencies to the organization. Report Guidelines Format - include a cover letter, title page, executive summary, and table of contents. Students must submit using Microsoft word using Arial font, size 12 and double-space their report. Executive Summary (250 - 500 words) - briefly outline the performance gap, why youbelieve there is an opportunity (impact to business) to increase efficiencies, and identify the proposed solution. This section of the report should also include a clearlydefined linkage between business process management and organizational efficiencies. Original Cost Calculation - determine the baseline cost of the current process using the information provided in attachment #1. - Process Analyses - alternative options you have considered (500 words) - demonstrate you have fully considered all possible alternatives and the pros/cons ofeach. Preferred Option (250 words) - indicate why you feel the new process you are recommending will result in efficiencies within the organization. The recommendation must be clearly presented with a direct link to the ultimate goal ofbusiness process management, which is efficielicy . Calculate at least one employee cost for this process - This must include all 4 stepsto calculating employee cost covered in STEP 5. The details are included in attachment #1 New Process Map-include a reengineered process map that shows the newrecommended option based on your analysis. The report must be organized in a clear and consistent manner with a logical flow.Referencing all sources need to be referenced using APA referencing guidelines. Attachment #1 This covers every employee at this company: The organization performs the process 200 times a year. Each employee is available to work 2080hrs based on a 40/hr workweek but receives the following: 3 week' vacation 1 week sick time 10 paid holidays Salary = $45,000 Effective Benefit Rate = 35% Process time can be found on the flow chart. Total tool cost is $500 before total tool cost dedicated to business process. ment #2 - Current Process 5 minutes 2 hours Recommend Employee for an Award cycle time 5 Send Authorization to Payroll 0 20-30 minutes 20 minutes 1 hour 5-10 minutes 5 days 4 days Yos Compensation Analyst A 1 Complete Recognition Bonus Award Form & Mail to Next-Level Manager Completed Fom Approved 2 2 Approve or Reject Request Approval 3 Review Eligibility Justification, & Award Amount Justit. & Amount 4 OK to Proceed ? Payroll Notification 5 minutes 1 hour Ne Manager a Manager 2 Compensation Analyst Interoffice This step may involve caling the manager to discuss the justification and or explaining the policy Notify Requesting Manager Rejection Compensation Analyst E+ END Denied Request Final Approval 0 1 day 5 minutos 7 Communicate Award to Employee Award Communicated Maruger Final END Approva/ (c 1 day 10-12 minutes System Updated 8 Update Employee System of Record (SOR) & Retain Hardcopy Compansation Analyst SOR Overview This case study is based on the attached process, which we have been speaking about in dass. This report must demonstrate the inefficiencies that exist within thecurrent output. The goal of this case is to apply improvement techniques (STEP 6) that will have a significant impact in terms of cost, productivity and value added outputs. The report must identify alternatives to mitigate gaps that have been identified that will result in increased efficiencies to the organization. Report Guidelines Format - include a cover letter, title page, executive summary, and table of contents. Students must submit using Microsoft word using Arial font, size 12 and double-space their report. Executive Summary (250 - 500 words) - briefly outline the performance gap, why youbelieve there is an opportunity (impact to business) to increase efficiencies, and identify the proposed solution. This section of the report should also include a clearlydefined linkage between business process management and organizational efficiencies. Original Cost Calculation - determine the baseline cost of the current process using the information provided in attachment #1. - Process Analyses - alternative options you have considered (500 words) - demonstrate you have fully considered all possible alternatives and the pros/cons ofeach. Preferred Option (250 words) - indicate why you feel the new process you are recommending will result in efficiencies within the organization. The recommendation must be clearly presented with a direct link to the ultimate goal ofbusiness process management, which is efficielicy . Calculate at least one employee cost for this process - This must include all 4 stepsto calculating employee cost covered in STEP 5. The details are included in attachment #1 New Process Map-include a reengineered process map that shows the newrecommended option based on your analysis. The report must be organized in a clear and consistent manner with a logical flow.Referencing all sources need to be referenced using APA referencing guidelines. Attachment #1 This covers every employee at this company: The organization performs the process 200 times a year. Each employee is available to work 2080hrs based on a 40/hr workweek but receives the following: 3 week' vacation 1 week sick time 10 paid holidays Salary = $45,000 Effective Benefit Rate = 35% Process time can be found on the flow chart. Total tool cost is $500 before total tool cost dedicated to business process. ment #2 - Current Process 5 minutes 2 hours Recommend Employee for an Award cycle time 5 Send Authorization to Payroll 0 20-30 minutes 20 minutes 1 hour 5-10 minutes 5 days 4 days Yos Compensation Analyst A 1 Complete Recognition Bonus Award Form & Mail to Next-Level Manager Completed Fom Approved 2 2 Approve or Reject Request Approval 3 Review Eligibility Justification, & Award Amount Justit. & Amount 4 OK to Proceed ? Payroll Notification 5 minutes 1 hour Ne Manager a Manager 2 Compensation Analyst Interoffice This step may involve caling the manager to discuss the justification and or explaining the policy Notify Requesting Manager Rejection Compensation Analyst E+ END Denied Request Final Approval 0 1 day 5 minutos 7 Communicate Award to Employee Award Communicated Maruger Final END Approva/ (c 1 day 10-12 minutes System Updated 8 Update Employee System of Record (SOR) & Retain Hardcopy Compansation Analyst SOR