Question: Assume that the emotional intelligence training program costs $ 1 2 9 , 5 0 0 per 1 0 0 employees to administer, in addition

Assume that the emotional intelligence training program costs $129,500 per 100 employees to administer, in addition to the cost of lost work time of $850 per employee. Also assume that your HR Team has evidence to suggest that the emotional intelligence training program you are exploring increases employee emotional intelligence scores by 1.5 points (on average).
Identify the total cost of implementing this training program to all 485 employees in the sales force at a particular Kohls store. Be sure to include your calculations.
Using your linear regression slope, identify the quarterly sales increase (on average) you predict for employees after completing the training (assuming an increase of 1.5 points, on average).
Find the total financial benefit of implementing this program for all 485 employees for one quarter, based on the predicted sales increase you calculated above. Be sure to include your calculations.
Identify how long (i.e., how many quarters) it will take the store to recoup the upfront cost of this training program based on your findings above. Be sure to include your calculations.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!