HRM initiative Begin writing here and then delete the text below … Brief outline of the HRM initiative that you have chosen for your Business Case analysis Examples of initiatives might be: A major...

HRM initiative


Begin writing here and then delete the text below …


Brief outline of the HRM initiative that you have chosen for your Business Case analysis
Examples of initiatives might be:
A major manager development program
Outsourcing specialist selection processes
Development of a Human Resource Information System
Establishing a supervisor mentoring program
Etc.


Building a Business case:
Before proceeding further, ask yourself these questions
What is a Business Case?
Is it purely financial?
Steps towards building a Business Case
Key parameters for a Business Case considering human capital investment: Cost-benefit analysis, Return on Investment (ROI), Evaluation (to be explored in more detail in the next sections of the assignment)
How does Human Capital investment fit within the financial consideration?


2.    Cost-benefit analysis


Begin writing here and then delete the text below …

Cost-benefit analysis involves considering the positive outcomes (or benefits) in comparison to the costs.
Supporting analysis should be provided in terms of a cost-benefit statement

-    The Investment – a summary of the investment required by the proposal
-    The Savings/Productivity/Profit – a summary of the savings or profits generated by the proposal