HR Strategy Implementation for Take Solutions Ltd

Running head: HR STRATEGY IMPLEMENTATION
HR Strategy Implementation
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1HR STRATEGY IMPLEMENTATION
Table of Contents
Introduction................................................................................................................................2
STEEPLED analysis..................................................................................................................2
Opportunities and threats...........................................................................................................3
Business strategy........................................................................................................................4
Strengths and weaknesses..........................................................................................................5
HR strategy.................................................................................................................................6
HR policies and practices...........................................................................................................8
Conclusion..................................................................................................................................8
References................................................................................................................................10
Appendices...............................................................................................................................12

2HR STRATEGY IMPLEMENTATION
Introduction
Take solutions Ltd is an organization that has it headquarter in Chennai, India which
offers certain domain-intensive services in the areas of supply chain management along with
life sciences. The company is well established in the international market with increased
existence in Europe, Asia as well as in North and South America (Take Solutions.com 2018).
The objective of the paper is to analyze certain issues faced by the company related with
language barriers, employee rights, race and nationality. It will also reveal the suitable HR
policies that can be practiced by the organization in addressing its threats and weaknesses
identified through STEEPLED analysis.
STEEPLED analysis
STEEPLED analysis is carried out for Take Solutions Ltd that will reveal the external
factors affecting the business of the company that will facilitate in developing effective HR
strategies.
Technological Trend- This evidenced offering opportunity regarding technological
innovation in manufacturing of medicinal drug (Angrave et al. 2016).
Economic Trend- These aspects are deemed to have wide impact on the organization over
the future years.
Environmental Trends- This trend focuses on the fact that conservation of environment has
attained increased prominence over the years because of disruption of environmental balance
that turned out to be life threatening (Cania, 2014).
Political- This includes considering the government rules and regulations that is taken
forward for provided work environment but the political structure in the industry has been
stable (Chadwick, Super and Kwon 2015).

3HR STRATEGY IMPLEMENTATION
Legal Issues- These factors are associated with the organization’s compliance that is
associated with health and safety concerns, Narcotic act along with IPR. From analysis of the
legal issues it has also been gathered that certain new acts of the government have supported
the growth of Take Solutions Ltd such as IT Act 2000.
Demographic Trends- It is evidenced that local population in Chennai has attained increased
youth population dealing with unemployment and they belong to age group of 15 to 64. This
huge fraction of unemployed people in the surrounding region makes it likely to attain a huge
candidate pool for selection and recruitment.
Opportunities and threats
The business growth opportunities that are available to the Take Solutions Ltd in
improving its HR processes and employee relations in the company are explained below:
The current years have evidenced an increased growth along with supply in the bio-
pharmaceutical products (Shin and Konrad 2017). India has also been identified as a potential
outsourcing hub in international forum that is owing to its decreased cost skilled labor. A
constant growth in the automation of process offers an opportunity for Take Solutions to
enhance their market ensures the knowledge consultation.
Certain threats that are faced by Take Solutions Ltd in managing its human resource
for attaining strategic competitive advantages are explained below:
The company is observed to face adverse impacts of wage inflation that poses treat to
the financial management. Increased threat of competition is faced by the company because
of new foreign entrants those are well equipped with modern technology-based products
(Slocum, Lei and Buller 2014).