We are going to apply these concepts to your idea from week 2. Provide a cost/benefit analysis for your idea. Make sure to mention any sunk or opportunity costs involved in the implementation of this program as well as the long-term increase in projected profitability. You are permitted to use fictional numbers as far as costs go, but you should provide research to support any opportunity costs or projected profitability. You can find industry averages for various program costs and projected benefits.

This does not need to be written as a formal research paper, but all research provided does need to be cited in A P A format. You may write in the first person because you are presenting your own ideas. You do not need to provide an abstract, but you do need an A P A formatted title page and reference page. Your paper should be a minimum of two pages (approx. seven hundred words).

IDEAS from Week 2 that need cos/benefit analysis.

1. Recognize and Reward Performance:Implement a program for employee recognition that honors exceptional accomplishments and contributions. Recognizing employees' efforts publicly and providing both monetary and non-monetary rewards will reinforce positive behaviors and motivate others to excel (Cameron & Pierce, 2002).
2. Opportunities for Growth and Development: Give staff members regular chances to grow their careers and expand their skills. Offer training workshops, mentorship programs, and internal job postings to encourage professional growth (Bakker et al., 2011).
3. Promote Work-Life Balance:Put employee well-being first by implementing flexible scheduling and encouraging a good work-life balance. Encourage employees to take breaks, vacations, and engage in wellness activities to reduce burnout and increase job satisfaction (Greenhaus & Allen, 2011).