Fill in order details

  • Submit your instructions
    to writers for free!

Chat with the writer

  • Chat with preferred expert writers
  • Request a preview of your paper
    from them for free

Editing

  • Project edited by the quality evaluation department

Download Your Completed Project

  • Download the completed project from your account or have it sent to your email address

One of the challenges within training and development is providing decision makers with the bottom-line outlook regarding the programs of discussion. Leaders often wonder how much a training or development program will cost and what the short term or long-term impact will be of the training program

Assignment 3: Calculating Return on Investment

One of the challenges within training and development is providing decision makers with the bottom-line outlook regarding the programs of discussion. Leaders often wonder how much a training or development program will cost and what the short term or long-term impact will be of the training program. Practicing the skills needed to determine return on investment (ROI) and then presenting that to leadership is important for individuals in the field of training and development. For this assignment, you will read a brief scenario and calculate the return on investment (ROI) following the directions below.

Scenario:

Big Box Stores implemented a training program to increase sales of tools and other home improvement items in their stores in one region of the U.S. The training focused on enhancing displays of items needed for common home improvement projects and encouraging cross-selling of tools needed by customers to do the project. The training was a two-hour distance learning class originated from the corporate training complex to one-hundred employees at fifteen store locations in the southeast region. The employees earn an average of $12 per hour, with benefits being an additional 25% of salary. Sales in the home improvement departments at these fifteen store locations combined averaged $6,000 per week before the training and $7,500 per week after the training. Other costs involved in the program included:

  1. Instructor wages: $8,000 (Only one instructor used)
  2. Instructor benefits: 25% of salary
  3. Distance learning costs (equipment and usage fees): $5,000
  4. Materials: $60 per trainee

Directions:

  1. Compute the return on investment (ROI) for this training program for one year and provide your computations.
  2. Describe how you computed return on investment (ROI).
  3. Determine what additional data you would want to have to assess the return on investment (ROI) for this type of training program and explain why return on investment (ROI) is so important to a business.
  4. Explain why it is important to know the return on investment (ROI) in the initial phase of training and development, prior to establishing a contract.

Your final product will be a Microsoft Word document and be approximately 2- to 3-pages in length and utilize one to two scholarly sources in your research. Your paper should be written in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation.

What our customers say
_____

Ishita M.Ishita M.
Great Job! Thank you so much for your work. You got it done faster than I imagined and everything is perfect. Will definitely be using you again!
Megan J.Megan J.
"As a wife, mother, and full-time student, I was struggling to try to go back to school and take care of my responsibilities. Sometimes you just need a little help, and I appreciate all the help I have gotten from Academic Research Bureau. My papers are on-time and the writers are easy to work with. Thanks for the support!"
Rajab M.Rajab M.
Universitywritingservices.com has saved me a lot of time. I was tired of taking the same classes many times over again. As an ESL student, my professors were taking points off of my assignments for my grammar mistakes. It made it very hard to feel encouraged to continue with my studies. Thankful for having found an answer for better grades."
Frank N.Frank N.
As a working student, I just really don't have the time to write paper after paper and complete assignment after assignment. Working full-time and going to school was nearly impossible until I was able to feel comfortable with the writers on this site. They make me feel secure enough to trust them with my papers. While I'm busy with life, they are busy writing my papers. They always do an outstanding job!
Courtney B.Courtney B.
Thank you! You were really patient with me and my needs. This was my first time using you guys, however, I will definitely be using you again!
John H.John H.
I cannot tell you enough how amazing your company is! Your writers are superb, on time, excellent content, so very thankful you reached out to me that day! Lifesaver for sure! Couldn’t be happier with the results I’ve gotten from my first 2 papers with you, I have 4 papers left to go and I’ll be using your company for them all!
Rebecca T.Rebecca T.
After I ordered a dissertation from your writing service, the first paper that I was given did not met my professor’s demand. I set the paper on revision and the writer made the revision for free meeting all my requirements and I was very satisfied
Thomas R.Thomas R.
I was shocked by how your writers managed to deliver my paper on time, and I was among the best in our class in that paper. Thank you so much and I will never hesitate to use you
error: protected!!