Question: Thanks for sharing the latest data on our various human resource initiatives. Part of what l'm pushing us to do in this area is to

 Thanks for sharing the latest data on our various human resource

Thanks for sharing the latest data on our various human resource initiatives. Part of what l'm pushing us to do in this area is to be more focused in what we offer and ensure that our choices are based on evidence. With this in mind, l've been reviewing the impacts of our talent development programs across the company. I think there is a good opportunity to streamline what we do for our employees in R\&D. There are two current training initiatives in R\&D that I think we need to evaluate with goal of offering only one of them next year. From my evaluation it appears that the Design Thinking training program has reduced turnover by 2% and increased productivity by 6%. The other training program (Teaming with Excellence) has reduced turnover by 4% and increased productivity by 4%. Our data show that every 1% of turnover costs us $1000 per employee and every 2% of productivity gains us $1500 per employee. Assuming that these programs cost the same amount, which of the following conclusions can be drawn from these data? Rich Carter Board Member, Human Resources | Andrews Corporation Eliminating the Teaming with Excellence training program will reduce productivity more than eliminating the other program. The Teaming with Excellence training program should be retained. The Design Thinking training program should be retained. Eliminating the Design Thinking training program will reduce employee-related costs more than the eliminating other program. The programs have comparable benefits so the program that costs less to deliver should be retained

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 Finance Questions!