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Human Resources Strategic Plan - PDF

   

Added on  2021-06-18

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Human Resource Management

Human Resource Management 1ContentsIntroduction......................................................................................................................................2Overview of company......................................................................................................................3Products and services...................................................................................................................3Goals and Objectives...................................................................................................................3PEST Analysis.................................................................................................................................4Future Labour needs........................................................................................................................5Engagement and communication plan.............................................................................................5Draft HR Strategic Plan...................................................................................................................9Risk analysis..............................................................................................................................11Risks Identification................................................................................................................11Risk categorization matrix.....................................................................................................12Risk categorisation table........................................................................................................12Risk control/treatment...........................................................................................................13Action/implementation plan..................................................................................................15Recommendation...........................................................................................................................19Conclusion.....................................................................................................................................20References......................................................................................................................................21Appendix........................................................................................................................................23Appendix 1.1..............................................................................................................................23

Human Resource Management 2Introduction The aim of the report is to prepare a comprehensive draft of the human resources strategic plan. This report is based on the BizOps Enterprises scenarios as the managing director of the company are in process of developing the organization's five-year strategic plan. The report will include the review of the current business plan and consider the information that is essential to relate to the innovation strategy for determining the HR direction. Moreover, the report will include the objective, direction, and mission of the company that is linked with 2015-2020 plans along with PEST analysis. Along with this, the report identifies some potential risks, ideas, and objectives to enhance productivity and efficiency through internal control, risk management, and training program.

Human Resource Management 3Overview of company The company is a well known retail company that offer green products and innovative strategic solutions to their clients. The company has decided to assign a new HR manager who is going to take place for a former manager. It is essential for the company to develop strategic plan to achieve the competitive advantage. Directors of the company are pursuing an innovative strategywith the aim to develop a range of tools that are essential to improve the customer's online shopping experience. The organization wants to get ensure those organization workforces are able to implement this strategy.Products and services The company offers the exclusive range of the products and business also ensure that they are offering the high quality and innovative products and services to their customers. Considering the large number of retail stores in Australia, the business targets quality, high-end, advances andexclusive consumer products. The company ensures that they maintain valued customers for which they emphasize on reward program for customer’s loyalty (Farhangi, 2014). Goals and ObjectivesThe objective of the BizOps is related to the five-year strategic plan that brings the change of current business situation that company is facing. The company is focusing on consolidating its position in the market.Increase in revenue by 15% by end of the year To maintain the profit level of 15% revenue for all the products and services by end of financial year (BizOps Enterprises Operational Plan, 2018).

Human Resource Management 4Reinvest of the profit of approx. 75% back into the business.Maintain leading position in annual national industry customer service awards.Introduction of new high-quality consumer products that leads to satisfaction. Providing induction training to new employees. Offering the physical, financial, human and time resources to assist an annual professional development program for employees (BizOps Enterprises Business Plan (extract) 2015–2020, 2018). PEST Analysis PEST analysis is the assessment of the market factors that can affect the working of the company(Alkhafaji & Nelson, 2013). PoliticalEconomicalCurrent legislation (including international and local)Regulatory policies Government policies Change in the government of country through elections. Introduction of GSTChanges in the laws like minimum wage law Rise in unemployment in the nationThe decrease in the interest rateThe decrease in the value of the Australian DollarIndustry trends Environmental factors Growing and declining markets SocialTechnological

Human Resource Management 5Change in the behavior and attitudes of the customers Brand image and advertising A rise in the population The emergence of fashion trendsAn aging population of a country Innovation in products and services A rate of technological changesOnline shopping Barriers to entry (Kotler, 2015)Computer-aided design technologyFuture Labour needsThere is need of the labors that are skilled because the company found the risk with the use of technology by the untrained employees (Daley, 2012). The company needs to increase the number of employees for achieving their objectives and goals for the year 2015-2020. BizOps Enterprise needs to perform the activity of the recruitment and selection. Moreover, the companyis required to be focused towards the training of the employees. The company has decided to offer the additional training resources. Engagement and communication plan The engagement and communication plan is formed considering the organization chart of the company (Armstrong & Taylor, 2014). An organization chart is a diagram that reflects the structure of the organization and the relationships. (Refer Appendix 1) The structure of the company helps in deciding the communication and engagement plan which is a roadmap for getting your message across to your audience.Manager Director MessageEngagement and Method to obtain support for a planResponsibility

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