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HRD4801 Assignment 11 Semester 2 2023 (SOLUTIONs)

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ASSIGNMENT 11 Lesson 11 DUE DATE Unique number 10 January LEARNING OUTCOMES After completing this assignment, you should be able to • calculate the return on investment (ROI) of a human resource development (HRD) intervention in an organisation by applying the ROI formula • evaluate t...

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  • December 25, 2023
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  • hrd4801 assignment 11 semester 2 2023 solutions

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, Question 1.




1.2 Evaluate your final ROI figure in question 1.1. (3)
The calculated return on investment (ROI) figure of approximately 27.97% indicates a
positive outcome for the program. Here's an evaluation of this ROI figure:
1. Positive ROI:
• The positive ROI suggests that the benefits derived from the program,
including reduced turnover costs and process improvement projects, exceed
the overall program costs. This is a favorable outcome.
2. Cost-effectiveness:
• With an ROI of 27.97%, the program demonstrates cost-effectiveness by
generating value that surpasses the initial investment. This is indicative of
efficient resource utilization.
3. Program Impact:
• The ROI figure reflects the program's impact on reducing turnover costs and
contributing to process improvement projects. It implies that the program has
achieved its intended objectives and provided tangible benefits to the
organization.
4. Consideration for Improvement:
• While the ROI is positive, ongoing evaluation and adjustments to the
program may further enhance its effectiveness. Continuous improvement
strategies can be implemented based on feedback and changing
organizational needs.
5. Comparison with Objectives:

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