the workers are able to maximize the benefit of their severance packages to reduce outstanding debt the workers are able to establish a monthly budget to accommodate their reduced income the reputation of We R Broke, Inc. is promoted for their efficient handling of their workers the information is complied and transmitted to workers by May 14, 2010 the cost to our company is less than $1450. Know/Need to Know Board: Know: Lay off will affect 125 employees The layoff was caused by the economic downturn. Employees will receive severance packages based on their years of service and current positions. First meeting with employees will be May 5th. Final presentations of suggestions are to be made May 14th. We are to provide budgeting and debt reduction strategies to the employees. Our budget is $1450.00. We are responsible for communicating which documents are to be brought to the initial and final meetings with employees. Need to Know: What documents should we require the employees to bring? How will we organize their appointments with advisors? How can we promote/positively impact the reputation of We R Broke, Inc.? What are the amounts of severance packages? Will the employees know the amount of their severance packages before the initial meeting? How will the advisors know which service (budgeting/debt reduction/both) employees wish to utilize? How are we to communicate our recommendations to the workers? Can we do a group presentation of universal recommendations with specific
The student will exhibit autonomy by choosing the style of presentation they deem appropriate. While the student must stay within the given scenario, the budget or debt reduction planning is for the student to decide. Meta-cognition will take place when the student justifies their plan over the other student’s recommendation. Rubric: Criteria Superior Adequate Unacceptable Budgeting Strategy (This criterion applies ONLY if the student is assigned a budgeting scenario.) 15 pts. The budget is constructed within the monthly income identified in the problem. All expenses listed within the problems are budgeted accordingly. The budget fulfills the four financial goals listed in the problem. 9 pts. The budget adheres to the monthly income. At least 75% of the stated expenses are included in the budget. The budget fulfills at least 3 of the financial goals listed in the problem. 5 pts. The budget fails to adhere to the identified income. Or The budget addresses less than 75% of the stated expenses. Or The budget fulfills less than 2 of the financial goals listed. Debt Reduction Plan (This criterion applies ONLY if the student is assigned a debt reduction scenario.) 15 pts. The debt reduction plan outlines a plan to reduce debt by at least 50% in the next two years. The debt reduction plan prioritizes debt identified in the 9 pts. The debt reduction plan reduces debt by at least 25% in the next two years. The debt is prioritized, but the method for prioritizing the debt for payoff is not clear. 5 pts. The debt reduction plan reduces debt by less than 25% in the next two years. Or The debt is not clearly prioritized for payoff. Or
problem from first priority to the least priority and includes reasoning for the prioritization. No explanation for prioritization is provided. Cross-Scenario Recommendations 10 pts. The student gives two recommendations to the worker regarding budgeting if assigned a debt reduction scenario or two recommendations regarding debt reduction if assigned a budgeting scenario. 5 pts. The student gives one recommendation to the worker regarding budgeting if assigned a debt reduction scenario or 1 recommendation regarding debt reduction if assigned a budgeting scenario. 0 pts. The student does not include recommendations for budgeting if assigned a debt reduction scenario or recommendations for debt reduction if assigned a budgeting scenario. Alternative Solutions 10 pts. Student presents 2 solutions to the stated problem. The solutions address the goals of the worker identified in the stated problem. 5 pts. Student presents 1 solution to the stated problem. The solution addresses at least 75% of the goals identified in the stated problem. 0 pts. Student fails to present solutions to stated problem. Or The solution(s) address less than 50% of the goals stated in the problem. Justifications 10 pts. Student provides 4 justifications as to why one solution is preferred over another solution. 5 pts. At least 3 justifications are presented. 1 pt. Less than 2 justifications are presented. Presentation Format 15 pts. Presentation integrates at least one form of technology (digital camera, computer, DVD, etc). Technology makes communication of ideas easier to understand. 9 pts. Technology is present but does not clarify meaning of ideas. 0 pts. No technology is used during presentation. Presentation Delivery 10 pts. 7 pts. 4 pts.
The student will exhibit autonomy by choosing the style of presentation they deem appropriate. While the student must stay within the given scenario, the budget or debt reduction planning is for the student to decide. Meta-cognition will take place when the student justifies their plan over the other student’s recommendation. Rubric: Criteria Superior Adequate Unacceptable Budgeting Strategy (This criterion applies ONLY if the student is assigned a budgeting scenario.) 15 pts. The budget is constructed within the monthly income identified in the problem. All expenses listed within the problems are budgeted accordingly. The budget fulfills the four financial goals listed in the problem. 9 pts. The budget adheres to the monthly income. At least 75% of the stated expenses are included in the budget. The budget fulfills at least 3 of the financial goals listed in the problem. 5 pts. The budget fails to adhere to the identified income. Or The budget addresses less than 75% of the stated expenses. Or The budget fulfills less than 2 of the financial goals listed. Debt Reduction Plan (This criterion applies ONLY if the student is assigned a debt reduction scenario.) 15 pts. The debt reduction plan outlines a plan to reduce debt by at least 50% in the next two years. The debt reduction plan prioritizes debt identified in the 9 pts. The debt reduction plan reduces debt by at least 25% in the next two years. The debt is prioritized, but the method for prioritizing the debt for payoff is not clear. 5 pts. The debt reduction plan reduces debt by less than 25% in the next two years. Or The debt is not clearly prioritized for payoff. Or
problem from first priority to the least priority and includes reasoning for the prioritization. No explanation for prioritization is provided. Cross-Scenario Recommendations 10 pts. The student gives two recommendations to the worker regarding budgeting if assigned a debt reduction scenario or two recommendations regarding debt reduction if assigned a budgeting scenario. 5 pts. The student gives one recommendation to the worker regarding budgeting if assigned a debt reduction scenario or 1 recommendation regarding debt reduction if assigned a budgeting scenario. 0 pts. The student does not include recommendations for budgeting if assigned a debt reduction scenario or recommendations for debt reduction if assigned a budgeting scenario. Alternative Solutions 10 pts. Student presents 2 solutions to the stated problem. The solutions address the goals of the worker identified in the stated problem. 5 pts. Student presents 1 solution to the stated problem. The solution addresses at least 75% of the goals identified in the stated problem. 0 pts. Student fails to present solutions to stated problem. Or The solution(s) address less than 50% of the goals stated in the problem. Justifications 10 pts. Student provides 4 justifications as to why one solution is preferred over another solution. 5 pts. At least 3 justifications are presented. 1 pt. Less than 2 justifications are presented. Presentation Format 15 pts. Presentation integrates at least one form of technology (digital camera, computer, DVD, etc). Technology makes communication of ideas easier to understand. 9 pts. Technology is present but does not clarify meaning of ideas. 0 pts. No technology is used during presentation. Presentation Delivery 10 pts. 7 pts. 4 pts.
The student will exhibit autonomy by choosing the style of presentation they deem appropriate. While the student must stay within the given scenario, the budget or debt reduction planning is for the student to decide. Meta-cognition will take place when the student justifies their plan over the other student’s recommendation. Rubric: Criteria Superior Adequate Unacceptable Budgeting Strategy (This criterion applies ONLY if the student is assigned a budgeting scenario.) 15 pts. The budget is constructed within the monthly income identified in the problem. All expenses listed within the problems are budgeted accordingly. The budget fulfills the four financial goals listed in the problem. 9 pts. The budget adheres to the monthly income. At least 75% of the stated expenses are included in the budget. The budget fulfills at least 3 of the financial goals listed in the problem. 5 pts. The budget fails to adhere to the identified income. Or The budget addresses less than 75% of the stated expenses. Or The budget fulfills less than 2 of the financial goals listed. Debt Reduction Plan (This criterion applies ONLY if the student is assigned a debt reduction scenario.) 15 pts. The debt reduction plan outlines a plan to reduce debt by at least 50% in the next two years. The debt reduction plan prioritizes debt identified in the 9 pts. The debt reduction plan reduces debt by at least 25% in the next two years. The debt is prioritized, but the method for prioritizing the debt for payoff is not clear. 5 pts. The debt reduction plan reduces debt by less than 25% in the next two years. Or The debt is not clearly prioritized for payoff. Or
problem from first priority to the least priority and includes reasoning for the prioritization. No explanation for prioritization is provided. Cross-Scenario Recommendations 10 pts. The student gives two recommendations to the worker regarding budgeting if assigned a debt reduction scenario or two recommendations regarding debt reduction if assigned a budgeting scenario. 5 pts. The student gives one recommendation to the worker regarding budgeting if assigned a debt reduction scenario or 1 recommendation regarding debt reduction if assigned a budgeting scenario. 0 pts. The student does not include recommendations for budgeting if assigned a debt reduction scenario or recommendations for debt reduction if assigned a budgeting scenario. Alternative Solutions 10 pts. Student presents 2 solutions to the stated problem. The solutions address the goals of the worker identified in the stated problem. 5 pts. Student presents 1 solution to the stated problem. The solution addresses at least 75% of the goals identified in the stated problem. 0 pts. Student fails to present solutions to stated problem. Or The solution(s) address less than 50% of the goals stated in the problem. Justifications 10 pts. Student provides 4 justifications as to why one solution is preferred over another solution. 5 pts. At least 3 justifications are presented. 1 pt. Less than 2 justifications are presented. Presentation Format 15 pts. Presentation integrates at least one form of technology (digital camera, computer, DVD, etc). Technology makes communication of ideas easier to understand. 9 pts. Technology is present but does not clarify meaning of ideas. 0 pts. No technology is used during presentation. Presentation Delivery 10 pts. 7 pts. 4 pts.