devry hrm420 week 4 homework part 1 & 2 latest 2016 july

| September 12, 2018

part 1Week 4 HomeworkIndividual Development Plan

INDIVIDUAL DEVELOPMENT PLAN

Insert your company name
here

1. Name (Last, First)

2. Current position

3. Department

4. Supervisor

5. Plan period (dates)

THREE-YEAR PLAN & GOALS

6. Year 1 Developmental Goals

7. Year 2 Developmental Goals

8. Year 3 Developmental Goals

9.

DEVELOPMENTAL OBJECTIVES

10.

PURPOSE

11.

PRIORITY

12.
DESCRIPTION OF PLANNED
DEVELOPMENTAL ACTIVITY
(Include COST and DATE for
Accomplishment)

13.

EVIDENCE OF ACCOMPLISHMENT

Explain any hurdles or barriers you see in
completing the above and what assistance is requested from the company or
supervisor on the same.

Employee
Signature and Date

Supervisor
Signature and Date
Lillian R Potter, PMP

IDP LEGEND

COLUMN 5: PERIOD
The one-year period in which you will begin
or accomplish the developmental objectives listed on this IDP form

COLUMNS 6, 7, and 8: YEARLY
DEVELOPMENTAL GOALS
Identify your career and self?management
goals for each of the next three years to give yourself some benchmarks for
progress in your
professional development. Examples: Increase skills in. . . . Take on greater
responsibilities as/in. . . . Qualify to become
eligible for . . .

COLUMN 9: DEVELOPMENTAL
OBJECTIVES
List specific knowledge, skills, and
abilities to be acquired or developed in this IDP year.
Be sure your objectives may be reasonably
accomplished in the period of time you have specified. Keep it manageable!

COLUMN 10: PURPOSE

A.
Mission Need

C. Change in State-of-the-Art

E. Improved Performance

G. Develop Unavailable Skills

B.
Organization Policy

D. New
Assignment

F.
Meet Future Staffing Needs

H.
Career Interests

COLUMN 11: PRIORITY

1. Essential

2. Needed

3. Helpful. . . . .to achieving what?

COLUMN 12: DEVELOPMENTAL
ACTIVITIES
Use one of the following to specify the
developmental activity you will use to complete your objectives.

a. On?Site Training or Course
b. Off?Site Training or Course
c. Seminar or Conference
d. College or University Level Course
e. New or Rotational Assignment
f. Added Responsibilities

g. On-the-Job Training
h. Detail Within the Department
i. Details Outside of Department
j. Self-Development
k. Sabbatical or Leave
l. Networking

COLUMN 13: EVIDENCE OF
ACCOMPLISHMENT
Cite specific product(s), outcome(s), or
evidence that demonstratesthe completion of the planned developmental
activities

“No developmental activities required:” This block
may be checked if there are no developmental activities required for the
12-month period of the plan.
Acceptable reasons for “no developmental activities” may include
pending retirement, expiration of or short-term nature of appointment, and so
forth. *Note: the completion of this form and discussion with the supervisor
is not a binding approval for costs of training or development. A request for
expense (RFE) must be completed and approved.

Homework Part 2

Answer the four following problems and submit all questions
in a Word document. Include a title page with your name and APA (6th edition)
information, headers, and any references you use to answer the problems. Note
to students who are planning to take the SHRM Assurance of Learning exam, PHR,
or SPHR exam, these problems are derived from SHRM-based scenarios. (Homework
Part 2, 25 points)
Training return on investment (ROI) is a calculation of
economic return on a project. Refer to the lecture for the formula. Review this
problem.

An organization lost 125 employees last year, at a cost of
$5,000.00 each. (Value is derived from cost to rehire and fill opening, as well
as lost investment in the employee.) You suggest that a one-time investment in
a training program (costing $250,000 up front) will reduce turnover by 50%.
Calculate the following numbers using historical figures as your assumptions.
Total savings that the program stands to create
Net savings the first year in place
Return on investment after one year
Return on investment after two years
Return on investment after six months (assume half of the
employees/but all of the cost) (5 points)
Cost-benefit analysis presents data as a ratio to determine
financial impact on company profitability. The formula is: cost-benefit ratio =
value of projected benefits divided by cost.

We have estimated that a training program on sexual
harassment will cost $14,000 and result in a savings of $70,000 (the cost of
the two settlements we paid last year).
What is the cost-benefit ratio of this training? (2.5
points)
What is the return on investment after one year? (2.5
points)
Do you agree that we can use the amount of our settlements
from the prior year as our savings figure? Why or why not? (5 points) (10
points total)
Break-even analysis. This is the point in which revenue (or
savings) from the program equals the cost of the program-the time the company
has “broken even” on the cost of the training.

Formula = Break-even point = cost/savings * time

*time is the period of time in which the return is being
calculated?if annually, then 12 months.
A program has an annual cost of $70,000 and is expected to
generate in return a savings of $80,000. When would the break-even point occur,
given steady savings and costs? (5 points)
Why is it important for trainers to be able to estimate the
ROI, cost-benefit analysis, and break-even analysis? Give three reasons why
calculating this information will assist the training endeavors.(5 points)
Submit your assignment to the Dropbox, located at the top of
this page. For instructions on how to use the Dropbox, read these step-by-step
instructions.

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