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One group of 20 trainees estimated a total overall monthly cost benefit of $336,000 related to business improvements and showed an average 70 percent confidence level with that estimate. The calculation is as follows: 70 percent multiplied by $336,000 gave a cost-benefit of $235,200. This number was divided by 20 ($235,200/20 trainees) to give an average estimated cost benefit for each of the trainees ($11,760). To calculate ROI,1. Identify outcomes (e.g., quality, accidents).2. Place a value on the outcomes.3. Determine the change in performance after eliminating other potential influences on training results.4. Obtain an annual amount of benefits (operational results) from training by comparing results after training to results before training (in dollars).5. Determine the training costs (direct costs + indirect costs + development costs + overhead costs + compensation for trainees).6. Calculate the total benefits by subtracting the training costs from benefits (operational results).7. Calculate the ROI by dividing operational results by costs. The ROI gives an estimate of the dollar return expected from each dollar invested in training.
discuss some of the aspects of the transfer of training. What are the primary factors that play a role in the success of the process? How can
You received a memo asking you to compute productivity based on a total daily output of 400 units with labor of 350 hours to produce the 400 units
Identify and define each of the four essential elements of a contract. Use the facts of the case to explain whether each of these elements is present and whether a contract has been formed.
Small Wonder, an amusement park, experiences seasonal attendance. It has collected 2 years of quarterly attendance and made a forecast of annual attendance for coming year. Compute seasonal index for four quarters.
Plot your distribution over a range of zero to ten minutes in increments of one minute. What is the upper limit of your distribution?
What are the 2s control limits for the third model? Plot the error terms. What is your conclusion about the forecasting model?
exclaimed that there was no need for record keeping as such reviews were considered confidential and it was not in the interest of company to maintain records of such design reviews.
What is the possible daily output of this "process" if 8 hours of processing time is available each day? Given your output in part a, what is the efficiency of the process? What is the flow time of the process?
Evaluate Company Q's current attitude toward social responsibility. Recommend three actions that Company Q could take to improve the company's attitude toward social responsibility. When you use sources, include all in-text citations and references..
Grounded in your analysis also the identified problems, analyse also examine how the capabilities in B-A & H could be better cultivated. Use all four farms but emphasize the most relevant ones.
A manufacturing company has a small production line dedicated to the production of a particular product. The line has four stations in serial. Inputs arrive at station 1 and the output from station 1 becomes the input to station.
A company that sells an online course aimed at helping high-school students improve their SAT scores has claimed that SAT scores will improve by more than 90 points on average if students successfully complete the course
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