Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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:

image text in transcribed
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 Team

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

Managing Hospitality Human Resources

Authors: Robert H Woods, Educational Institute Staff American Hotel & Lodging Association

4th Edition

0866122877, 9780866122870

More Books

Students also viewed these General Management questions

Question

=+b) Why does the interns suggestion make sense?

Answered: 1 week ago