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HRD4801 Ass11 Measuring the return on investment (ROI) in selection and onboarding R50,00   Add to cart
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HRD4801 Ass11 Measuring the return on investment (ROI) in selection and onboarding
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This Document shows how to calculate the return on investment (ROI) of a human resource development (HRD) intervention in an organisation by applying the ROI formula,evaluate the percentage calculated,discuss and apply the steps of the ROI implementation process,apply the ROI implementation process...

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  • January 4, 2024
  • 9
  • 2023/2024
  • Other
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HRD4801
ASSIGNMENT 11

, 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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