HR Strategic Plan for Woolworths: Objectives, Strategies, and Risk Management

HR STRATEGIC PLAN
HR MISSION STATEMENT
CONCISE OVERVIEW
Woolworths’s HR overview is to acquire and retain talented individuals who can serve its customers with higher efficiency and reap out productive
results in effective manner.
YOUR COMPANY
GUIDING PRINCIPLES
The guiding principles of HR department of company are equality and diversity. Gender Equality for hiring candidates as per their skills and talents. On
the other hand, diversity by recruiting people irrespective of caste, creed, race and other cultural backgrounds (Noe et.al, 2017).
DEPARTMENT
MANAGEMENT CONSTRUCT
The management construct is that there will be five HR executives who will report to HR assistant on day-to-day activities. Thereafter, HR assistant will
be accountable to senior HR member for acquiring candidates.

HR PROGRAM STRATEGIES (Determine the human resource strategic direction, objectives and targets)
BENEFITS
MISSION / VISION
The mission of HR program strategies is to attract skilful talents available from the pool of candidates to improve business performance of Woolworths.
OBJECTIVES
The objectives are listed below-
 Enhancement in business performance
 Decrease in employee turnover rate
 Developing organizational culture fit for employees
 Rewarding employees on their productive work to boost their morale
STRATEGIES
The HR program strategies which will be beneficial for Woolworths are listed as under-

Performance appraisal- It is the main strategy of HR to appraise employees on their good performance in order to boost them. This work greatly and
workers are further motivated to perform well (Cascio, 2015).
Learning & Development- The employees feel committed when he analyses that firm is offering various employee benefit programs and spending on
employees.
SITUATIONAL ANALYSIS (SWOT)
INTERNAL FACTORS
STRENGTHS ( + )
 Long term goals for building productive workforce
 Better HR practices in terms of selection procedure
WEAKNESSES ( – )
 Low employee morale and increasing employee turnover
 Job dissatisfaction among employees
EXTERNAL FACTORS
OPPORTUNITIES ( + )
 Higher ranking of Woolworths among Australia’s retail industry
 Higher wage rates for workers (Brewster & Söderström, 2017).

THREATS ( – )
 Business slowdown due to global economic issues
 Routine out compensation schemes in slowdown phase
Current Situation
The environment in which the organisation operates,
The environment where Woolworths operates is highly competitive in nature. New products and services are offered by other retail companies in
Australia. It is required to acquire great talents to accomplish desired efficiency and improve customer base. This will increase firm’s profits up to a major
extent (Bryson, 2018).
Recent or potential changes to industrial or legal requirements
Anti-bullying laws and unfair dismissal laws are potential changes recently in Australia. Legal risks occur if employee is bullied or harassed by other co-
workers. While, unfair dismissal of employees is restricted under law. Workers may be dismissed on proper reason stating his dismissal and not unfairly
from firm.
What is the impact of new technology on job roles and job design?
Impact of new technology has changed job roles and job design of various jobs. It is required to learn new technology in order to work in the company.