Instructions

You$/$your group will be required to complete a management audit. This will be done by answering the questions below. This assignment will provide focus and clarity as you$/$your group move toward achieving your goals and prepare for the final assignments.

Q$1-$ Review the goals established at the beginning of the simulation. Are these goals still SMART? Why or why not. If they are no longer SMART, please adjust to make them SMART or replace with a new, SMART goal.

Q$2-$ Is your HR department on track to meet these goals?

For this question, look at your performance to date and explain whether or not your group is on target to meet, exceed or fall short of its year $2$ goals. For example, if your group has a goal of reducing turnover by $3\%$ by the end of year $2$ and you've already reduced it by $2\%,$ you can reasonably say that you are on track to meet this goal $($barring any unforeseen events$).$ Keep in mind that you are not negatively marked for goals that will not be met. This is part of the learning process as long as you can state what you've learned $($ie: things you would have done differently$).$

Q$3-$ Which decisions were effective and which needed improvement?

For this question, outline the decisions that have been effective and those that have been ineffective. This can be special decisions you've made and$/$or any decisions you've made within the simulation such as wage increases, decisions about which benefits packages to add and when, etc...

Q$4-$ What changes will you make next quarter?

Given your experiences so far, what changes might you make in the next quarter $($not the next $6,9$ or $12$ months$)?$

This is NOT goal related, but strategy related. For example, maybe your group planned to increase wages by $3\%$ at the beginning of year $2$ but now, given where you are at$,$ you are not going to do that. Explain those situations. If you are happy with everything so far and do not plan to make any changes, please state that and briefly explain why.

Q$5-$ Reflecting on what you've learned and experienced in the first year of the simulation. Prepare a budget for the following areas for year $2$: wages, benefits and training.

Please include the total dollars spent in year $1$ and the expected spend for year $2.$ Include what percentage of your budget each area accounts for $($e$.$g$.$: Benefits budget for year $2$ accounts for $25\%$ of allotted budget$)$

Please detail your reasons for setting each area's budget $($HINT: consider your goals and focus areas, reflect on the learnings from year, etc.$)$