Question: DO Mav calculations for the below alternatives Alternative 1 :Flexible Work Arrangements - Cost: R 1 0 , 0 0 0 ( implementation and training

DO Mav calculations for the below alternatives Alternative 1:Flexible Work Arrangements - Cost: R10,000(implementation and training)
Factors Estimates
Cost R10,000
Productivity increase 10%( from 80% to 88%)
Employee morale increase 15%( from 50% to 65%)
Turnover reduction 5%( from 20% to 15%)
Absenteeism reduction 3%( from 8% t 5%)
Return on investment( RIO)330%9(30,000/R10,000)
Alternative 2 :Employee Recognition and Rewards - Cost: (recognition and reward programs)
Factors Estimate
Cost R15,000
Productivity increase 8%(from 80% to 86.4%)
Employee morale increase 12%(from 50% to 62%)
Turnover reduction 4%(from 20% to 16%)
Absenteeism reduction 2%(from 8% to 6%)
Return on investment( RIO)240%(R24,000/ R15,000 cost).
Alternative 3:Professional Development and Training
Factors Estimates
Cost R20,000
Employee morale increase 18%(from 50% to 68%
Turnover reduction 6%(from 20% to 14%)
Absenteeism reduction 4%(from 8% to 4%)
Return on investment( RIO)360%(R36,000/ R20,000 cost

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