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Business Simulation Seminar

Business Simulation Seminar. Introduction to the Human Resources Module. Simulation HR Module. Will make decisions on: Recruiting Training People can give you a competitive advantage. HR Competitive Advantage. A skilled workforce is more productive than an unskilled one

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Business Simulation Seminar

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  1. Business Simulation Seminar Introduction to the Human Resources Module

  2. Simulation HR Module • Will make decisions on: • Recruiting • Training • People can give you a competitive advantage

  3. HR Competitive Advantage • A skilled workforce is more productive than an unskilled one • Increased productivity means what? • Lower COGS • Increased contribution margin • How to get a more skilled workforce? • Recruit better people • Training

  4. Recruiting and training • The more you spend: • The more skilled the worker • The lower your COGS • The higher your contribution margin • Training takes time away from work • Will need more staff to cover the work • Training makes people happier • Reduces turnover • Reduces recruiting costs

  5. HR Spending • Not just a financial decision • A strategic decision • Can give you a competitive advantage relative to your competition

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