Assignment on Human Resource Planning

Added on - 16 Sep 2019

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Running head: HUMAN RESOURCE PLANNINGHUMAN RESOURCE PLANNING[Document subtitle]
HUMAN RESOURCE PLANNING1Table of ContentsBusiness Strategy.............................................................................................................................2Mission Statement........................................................................................................................2Vision Statement..........................................................................................................................2Values...........................................................................................................................................2Models of Business Strategy...........................................................................................................3Porter’s Model..............................................................................................................................3BCG Model..................................................................................................................................4Key Industry Trends........................................................................................................................6HR Trend: Social Cultural Environmental Scan..........................................................................6HR Trend: Stakeholders Environmental Scan:............................................................................6HR Trend: Technology Environmental Scan:..............................................................................6HR Trend: Economic Environmental Scan..................................................................................6The SWOT Analysis of Leon’s Furniture:......................................................................................7HR Planning Implications, Findings & Recommendations.............................................................8Short term Recommendations......................................................................................................8Recruitment..............................................................................................................................8Training....................................................................................................................................8Rewards....................................................................................................................................8Long term Recommendations......................................................................................................8Conclusions......................................................................................................................................8Appendix A: Porter’s Five Forces Model........................................................................................9Appendix B: Boston Consulting Group Model.............................................................................10References......................................................................................................................................11
HUMAN RESOURCE PLANNING2EXECUTIVE SUMMARYHuman Resource Management is very important for the survival and prosperity of anorganization. Procurement of right kind and right number of employees is the first operativefunction of Human Resource Management. Before selecting the right man for the right job, itbecomes necessary to determine the quality and quantity of people required in the organization.This is the primary function of Human Resource Planning. It is the planning of HumanResources. It is also called manpower planning/ personnel planning/ employment planning. It isonly after Human Resource Planning that the Human Resource department can initiate therecruitment and selection process. Therefore Human Resource Planning is a sub-system oforganizational planning. In this report, we have discussed the impact of environmental scanningon HR Planning of Leon’s Furniture. Various models of demand and supply forecasting arediscussed. Furthermore, gap and budget analysis along with recommendations are discussed inthe later sections of this report.
HUMAN RESOURCE PLANNING3Company ProfileLeon;s Furniture is one of the top names in furniture companies in Canada. It was incorporatedin 1909 by Ablan Leon who started his business into blankets, linens, shoes and pants and othersoft category goods and now is a global leader into World class furniture dealer, appliances withlatest technology and many more. Leon’s Furniture is marketing the electronics, appliances andfurniture of middle range (Azizi, Majid, et al., 2016).Business StrategyThe Business strategy of Leon’s Furniture includes expanding its business across globe,providing quality products with less cost incurring and achieving the goals and objectives oforganization.Mission StatementThe Company aims to continue and maintain the standards and metrics of dedication, service andintegrity established by Ablan Leon over 100 years ago.Vision StatementWith the furniture of this company becoming integral part of Canadian homes, the Companycommits to continue its growth in sales and profits and aims to benefit its shareholders,customers and associates of the company.ValuesToday this company has grown to become the Canada’s most respected retailers because of itssale of high quality furniture, electronics and appliances at lowest prices. It also adopts atransparent marketing formula for their customers to make a satisfying and thoughtful purchase.
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