Part A: Return on Investment You are an HR manager responsible for organizing the company's new sales training course. This one week long (44 work hours) training course was attended by 250 of the company's salespeople. You felt "lucky" that the trainer you were able to book is considered a guru and is sought after worldwide and isn't cheap. You are thankful that you fully paid the invoice for the training when it took place last year when the Canadian Dollar was stronger in relation to the Euro since the sales trainer billed your company in Euros. At that time the EURCAD rate (Euro(€) to Canadian Dollar) was 1.26819 instead of 1.46913 today. Most of the material related to the training was only available for purchase from the UK when the exchange rate for GBPCAD rate (British Pound Sterling (£) to Canadian Dollar) was 1.71864. It has been 12 months since the training occurred and you are required to provide an update to the company CEO about the effectiveness of the training to-date. The full benefits of the program were only realized three months after the training week. On average, within the first three months, employees only delivered 67% of the benefits. Starting in month 4, the employees were fully competent with the new sales training and the company was able to reap the full benefits as indicated below. The average ROI for all company initiatives (not just HR) is 34%. Training Program Details (pay attention to the currency symbol per line item): $13,400 Training program design and development $980 Promotion of training to employees via intranet, posters and printed pamphlets $2,750 Administration of employee registration and training program logistics €32,400 Cost for the best international professional sales trainer €7,500 Professional sales trainer travel expenses £65/sales rep Imported study guides per sales rep sold to the company £26,500 Additional training reference materials sold to the company for the training session $9,250 Conference centre rental location to host the training sessions $315,808 Salary of sales reps attending the training $1,450 Evaluation and feedback of training program from sales reps (data collected by an outside company) $87/sales Monthly labour savings/rep (months 4-12): Sales reps are now more efficient at rep/month work which resulted in labour cost savings $162/sales Monthly productivity increases/rep (months 4-12): Sales reps are now more rep/month productive which has resulted in more revenue per sales rep $148, 157 Total other one-time cost savings Deliverables for Part A 1. In the Excel file, create a professional looking report outlining both the costs and benefits. Formatting should be set to "Currency" and rounded to the nearest dollar. 2. Underneath the report, calculate the Return on Investment (ROI) of this training course. Write your answer to 1 decimal place. 3. Based on your ROI calculation and taking into consideration the company average ROI, indicate if you would you recommend that this training continue and why? Part A: Return on InvestmentYou are an HR manager responsible for organizing the company's new sales training course. This oneweek long (44 work hours) training course was attended by 250 of the company's salespeople. You felt"lucky" that the trainer you were able to book is considered a guru and is sought after worldwide andisn't cheap. You are thankful that you fully paid the invoice for the training when it took place last yearwhen the Canadian Dollar was stronger in relation to the Euro since the sales trainer billed yourcompany in Euros. At that time the EURCAD rate (Euro(€) to Canadian Dollar) was 1.26819 instead of1.46913 today. Most of the material related to the training was only available for purchase from the UKwhen the exchange rate for GBPCAD rate (British Pound Sterling (£) to Canadian Dollar) was 1.71864.It has been 12 months since the training occurred and you are required to provide an update to thecompany CEO about the effectiveness of the training to-date.The full benefits of the program were only realized three months after the training week. On average,within the first three months, employees only delivered 67% of the benefits. Starting in month 4, theemployees were fully competent with the new sales training and the company was able to reap the fullbenefits as indicated below.The average ROl for all company initiatives (not just HR) is 34%.Training Program Details (pay attention to the currency symbol per line item):$13,400Training program design and developmentPromotion of training to employees via intranet, posters and printed pamphletsAdministration of employee registration and training program logisticsCost for the best international professional sales trainerProfessional sales trainer travel expenses$980$2,750€32,400€7,500£65/sales rep£26,500$9,250Imported study guides per sales rep sold to the companyAdditional training reference materials sold to the company for the training sessionConference centre rental location to host the training sessions$315,808$1,450Salary of sales reps attending the trainingEvaluation and feedback of training program from sales reps (data collected by anoutside company)Monthly labour savings/rep (months 4-12): Sales reps are now more efficient atwork which resulted in labour cost savings$87/salesrep/month$162/salesrep/month$148.157Monthly productivity increases/rep (months 4-12): Sales reps are now moreproductive which has resulted in more revenue per sales repTotal other one-time cost savingsDeliverables for Part A1. In the Excel file, create a professional looking report outlining both the costs and benefits.Formatting should be set to "Currency" and rounded to the nearest dollar.2. Underneath the report, calculate the Return on Investment (ROI) of this training course. Writeyour answer to 1 decimal place.3. Based on your ROI calculation and taking into consideration the company average ROI, indicateif you would you recommend that this training continue and why?HR Metrics: Assignment 32 Page

Question

Part A: Return on Investment You are an HR manager responsible for organizing the company's new sales training course. This one week long (44 work hours) training course was attended by 250 of the company's salespeople. You felt &#34;lucky&#34; that the trainer you were able to book is considered a guru and is sought after worldwide and isn't cheap. You are thankful that you fully paid the invoice for the training when it took place last year when the Canadian Dollar was stronger in relation to the Euro since the sales trainer billed your company in Euros. At that time the EURCAD rate (Euro(€) to Canadian Dollar) was 1.26819 instead of 1.46913 today. Most of the material related to the training was only available for purchase from the UK when the exchange rate for GBPCAD rate (British Pound Sterling (£) to Canadian Dollar) was 1.71864. It has been 12 months since the training occurred and you are required to provide an update to the company CEO about the effectiveness of the training to-date. The full benefits of the program were only realized three months after the training week. On average, within the first three months, employees only delivered 67% of the benefits. Starting in month 4, the employees were fully competent with the new sales training and the company was able to reap the full benefits as indicated below. The average ROI for all company initiatives (not just HR) is 34%. Training Program Details (pay attention to the currency symbol per line item): $13,400 Training program design and development $980 Promotion of training to employees via intranet, posters and printed pamphlets $2,750 Administration of employee registration and training program logistics €32,400 Cost for the best international professional sales trainer €7,500 Professional sales trainer travel expenses £65/sales rep Imported study guides per sales rep sold to the company £26,500 Additional training reference materials sold to the company for the training session $9,250 Conference centre rental location to host the training sessions $315,808 Salary of sales reps attending the training $1,450 Evaluation and feedback of training program from sales reps (data collected by an outside company) $87/sales Monthly labour savings/rep (months 4-12): Sales reps are now more efficient at rep/month work which resulted in labour cost savings $162/sales Monthly productivity increases/rep (months 4-12): Sales reps are now more rep/month productive which has resulted in more revenue per sales rep $148, 157 Total other one-time cost savings Deliverables for Part A 1. In the Excel file, create a professional looking report outlining both the costs and benefits. Formatting should be set to &#34;Currency&#34; and rounded to the nearest dollar. 2. Underneath the report, calculate the Return on Investment (ROI) of this training course. Write your answer to 1 decimal place. 3. Based on your ROI calculation and taking into consideration the company average ROI, indicate if you would you recommend that this training continue and why? Part A: Return on InvestmentYou are an HR manager responsible for organizing the company's new sales training course. This oneweek long (44 work hours) training course was attended by 250 of the company's salespeople. You felt&#34;lucky&#34; that the trainer you were able to book is considered a guru and is sought after worldwide andisn't cheap. You are thankful that you fully paid the invoice for the training when it took place last yearwhen the Canadian Dollar was stronger in relation to the Euro since the sales trainer billed yourcompany in Euros. At that time the EURCAD rate (Euro(€) to Canadian Dollar) was 1.26819 instead of1.46913 today. Most of the material related to the training was only available for purchase from the UKwhen the exchange rate for GBPCAD rate (British Pound Sterling (£) to Canadian Dollar) was 1.71864.It has been 12 months since the training occurred and you are required to provide an update to thecompany CEO about the effectiveness of the training to-date.The full benefits of the program were only realized three months after the training week. On average,within the first three months, employees only delivered 67% of the benefits. Starting in month 4, theemployees were fully competent with the new sales training and the company was able to reap the fullbenefits as indicated below.The average ROl for all company initiatives (not just HR) is 34%.Training Program Details (pay attention to the currency symbol per line item):$13,400Training program design and developmentPromotion of training to employees via intranet, posters and printed pamphletsAdministration of employee registration and training program logisticsCost for the best international professional sales trainerProfessional sales trainer travel expenses$980$2,750€32,400€7,500£65/sales rep£26,500$9,250Imported study guides per sales rep sold to the companyAdditional training reference materials sold to the company for the training sessionConference centre rental location to host the training sessions$315,808$1,450Salary of sales reps attending the trainingEvaluation and feedback of training program from sales reps (data collected by anoutside company)Monthly labour savings/rep (months 4-12): Sales reps are now more efficient atwork which resulted in labour cost savings$87/salesrep/month$162/salesrep/month$148.157Monthly productivity increases/rep (months 4-12): Sales reps are now moreproductive which has resulted in more revenue per sales repTotal other one-time cost savingsDeliverables for Part A1. In the Excel file, create a professional looking report outlining both the costs and benefits.Formatting should be set to &#34;Currency&#34; and rounded to the nearest dollar.2. Underneath the report, calculate the Return on Investment (ROI) of this training course. Writeyour answer to 1 decimal place.3. Based on your ROI calculation and taking into consideration the company average ROI, indicateif you would you recommend that this training continue and why?HR Metrics: Assignment 32 Page

Accepted Answer

●Donald Kirkpatrick, former Professor Emeritus at the University of Wisconsin, first published his…