Question
We are working on an assignment for Business Case Development course. The topic is to find the problems in the HR Department faced by Lululemon
We are working on an assignment for Business Case Development course. The topic is to find the problems in the HR Department faced by Lululemon Company and we have completed the problem identification, deliverables, alternatives as well as its associated variables. Now I need to find : Conduct a cost-benefit analysis including NPV, payback, and IRR calculations. ? Conduct a multiple objective analysis using the cost-benefit output along with your non-financial variables identified in the last phase. ? Create a summary of the alternatives with the pros and cons of each option
Please use the data given below and a document attached for reference:
PROBLEM STATEMENT: HR Manager. HR Coordinators. Canadian Fashion Inc. is facing challenges with retaining its Human Resources as compared to HR Administrators. its competitors in the market. . HR Payroll. OPPORTUNITY: Employees The Human Resource Department of CFI will improve the current state from low retention rate to >Board of Directors. retaining the employees for a longer span which will result in delivering high caliber workforce. Final Alternatives List: PRELIMINARY METRICS > Modifying the hiring process by conducting a certain psychometric test to analyse various Improved Employee Satisfaction: factors like personality, loyalty, etc., >By conducting employee satisfaction survey. > Recognizing and rewarding employees based on their performance and by providing Employee Net Promotor Score (eNPS). competitive perks and career advancements. Increased productivity: > By providing flexible work time to find a balance between work and personal life. Ratio of revenue-per-employee. >Team effectiveness ratio. Retention of workforce: >Turnover rate. >Average employee tenure. Cost per hire The average cost of hiring a new employee. STAKEHOLDERS: Human Resource TeamStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started