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bernpata
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A small bank is seeking your expertise to help automate its

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A small bank is seeking your expertise to help automate its operations. The bank has about 12,000 employees. The bank intends to upgrade its computers and desktop operating systems as well as some business applications. In 3-5 paragraphs, develop a business
case that details the benefits advantages of automating the business. Would the employees be more productive? Why or why not? How would you estimate the benefits of automating the business versus the investment cost? Give a specific example.
Submitted: 1 year ago.
Category: Multiple Problems
Expert:  bernpata replied 1 year ago.
Hello, I am reading your question now.
Expert:  bernpata replied 1 year ago.
Having an automated system in place is becoming much less of a luxury, and more of a necessity in today’s ever-changing business environment. Organizations are looking to optimize output and retain a competitive advantage in their market space. The system must enable automated appraisals, compensation management, succession planning, 360- degree feedback, employee surveys, effective reporting and analytics, as well as the ability to link organizational goals to employee output.
By reducing the level of staff turnover, aligning staff with their objectives, and training them to perform their roles, in a more productive manner through personal development plans, the organization could save money. This would allow the organization to increase productivity, improve employee engagement, and morale, increate the level of informed decision-making through accurate management reporting, and increase legal compliance.
Calculating the Organization’s returns
In order to provide accurate ROI, you would calculate all of the costs associated with the investment such as the initial upfront cost, ongoing licensing costs, the cost you would contribute for sourcing, time it would take for a project to be completed and any other hidden costs. After this, you would calculate the cost savings. You would list all of the tangible and non-tangible costs of automating your EPM system.
Finally, you can perform some simple ROI calculations. In order to work out the return on investment, you need to work out your current head count, average annual salary, cost of replacing an employee and employee turnover % (per annum). This will help you understand the payback period.
Reference:
http://www.entrepreneur.com/encyclopedia/return-on-investment-roi

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