Situation: You have been hired as a HR Manager with the George Brown College HR Department...

 

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Situation: You have been hired as a HR Manager with the George Brown College HR Department (CONGRATS!). As part of your departments annual business planning process, your HR team must decide which projects they will implement in the next fiscal year. You have been asked to evaluate and make a recommendation to senior management. The strategic goals for the college (in order of priority) are to: 1) Reduce operating costs through gained efficiencies (50% Importance) 2) Attract & retain top employee talent (30% Importance) 3) Develop & enhance employee skills (20% Importance) Projects A) Implement an employee benefits portal B) Hold a college career fair C) Develop online training and development modules D) Automate the employee performance management system Investment $500,000 $100,000 $50,000 $500,000 For Question #1 - provide your calculations in your response For Question #2- Provide your comparison table in your response Cash Inflow/yr $300,000 $50,000 $20,000 $100,000 Question 1: What project would you recommend pursuing based on a Payback Period Analysis? Question 2: What project would you recommend pursuing based on a Weighted Factor Model Analysis? Situation: You have been hired as a HR Manager with the George Brown College HR Department (CONGRATS!). As part of your departments annual business planning process, your HR team must decide which projects they will implement in the next fiscal year. You have been asked to evaluate and make a recommendation to senior management. The strategic goals for the college (in order of priority) are to: 1) Reduce operating costs through gained efficiencies (50% Importance) 2) Attract & retain top employee talent (30% Importance) 3) Develop & enhance employee skills (20% Importance) Projects A) Implement an employee benefits portal B) Hold a college career fair C) Develop online training and development modules D) Automate the employee performance management system Investment $500,000 $100,000 $50,000 $500,000 For Question #1 - provide your calculations in your response For Question #2- Provide your comparison table in your response Cash Inflow/yr $300,000 $50,000 $20,000 $100,000 Question 1: What project would you recommend pursuing based on a Payback Period Analysis? Question 2: What project would you recommend pursuing based on a Weighted Factor Model Analysis?

Answer rating: 100% (QA)

To determine the project recommendation based on a Payback Period Analysis we need to calculate the payback period ... View the full answer