1 MANAGEMENT, PEOPLE AND TEAMS Executive Summary This report is based on the current issues of CST and its solution in the future plan implementation.Thecompanyisfacingproblemsastheemployeeperformanceis continuously falling down. The market share of the company is also going downwards for last two years. There can be multiple reasons for all these issues, but most important problems are related to the employee’s management. The employees of the company are showingregulardeclineintheirperformance.Thecompanyworksinthesectorof communication software and system development for the defence and emergency services industry. Hence, the employees need to be updated about the most recent technological advancements to compete with other players in the market. But this is not the case with CST as its employees are also less competent to manage the current technological challenges. Therefore, three main aspects has been highlighted in this report- ensuring the best strategies to attract the talents and retaining employees, improving the work culture of the company encouraginghighperformanceteambuilding,andfinallyworkingontheemployee performance and capabilities. This report has the detailed recommendations for the company that is aligned by its future plans for next two years. While designing the recommendation practical examples of the companies is been evaluated. The company mission and objectives have given special preference for the planning. Hence, there is a high probability that the recommendations would help the company to get back its lost calibre. Human resource development can be an effective step for the company in coming years. The report has five major parts- the report starts with an introduction to the whole report. The second part build the background of the report. In the third part main discussions are been done and the next part is the recommendations for the company. Lastly, the report ends with the conclusion that sums up the findings in from the discussion.
2 MANAGEMENT, PEOPLE AND TEAMS Background The CST or ComSyst Technologies is a known name in communication software and system developing industry. The company has successfully ventured their business in international defence and emergency services in the countries like United States, Australia, New Zealand, Philippines, South Korea and India. Recently, the company is facing issues in its operations that is culminated in loss of several tenders and business deals. Last two years have been quite challenging for the company as their market share has continuously declined. Thereasonsofsuchdeclinedisrelatedtothelowemployeeengagement,employee performance. Low retention rate of the employees and lack of skills for recent technological implementation. These challenges in the company can have more far reaching impact on company reputation and business profits. Therefore, these problems must be addressed properly in due time. Most of the attention should be regulated around employees and their performances. The company need to understand the core problems and sort those using specific and effective strategies. The loss of employee engagements and huge gap in technological expertise are the base reasons of this distress. Company objectives for next two years need to be prioritised to solve the problems with CST. Main discussion Ensure strong Position of CST in Future by attracting and retaining the best talent possible Employees are the key assets for an organisation and they contribute in organisational developmentandprofitgaining.Therefore,thecompanymusttaketheiremployee management and retention on a serious note. The company is facing problems as their employees are not performing as per the expectations. CST is a company that provides
3 MANAGEMENT, PEOPLE AND TEAMS technical support in the emergency and defence services industry. Hence, the employees of the company have to be maintained with proper competence. Most of the problems in the CST would be solved if the human resources are managed in effective way. Attracting and retention of the best talents in the industry is the primary objective of the company’s future plan. This is quite relevant as the market share and profits of the company was continuously falling down because of employee issues. According toRees & Smith(2017),theemployeeengagementandretentioncouldproveeffectiveifthe organisations have a valid strategy for the same. Some of the important aspects for this objective are discussed below- The recruitment cell of the company depends on the understanding of the needs, mission and vision of the company so that they can identify the important skills required (Boštjančič & Slana, 2018). This is important for the employment of the right talent in the organisations. CST have to make sure that they are creating posts that are helpful for their operational objectives. After that, the recruitment manager need to give detailed information of their required new talents and skills. This will help the candidates to understand the job roles and responsibilities before applying for the jobs. Designing the training for better technological skills of the existing employees has become a priority for CST. Training and workshops are important for enhancing the skillset of the employees.Thiswill increase theiractiveengagementsin the operations as well. A trained employees can make the company profitable by their increased skills and decreased time and costs investments. As CST has come through some gaps in technological implementation, the training sessions will help the employees and the company face the challenges with more efficiency.
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4 MANAGEMENT, PEOPLE AND TEAMS Next important part would be motivating the employees and building an employee- focused work culture. Appreciating the team members for their exceptional work will increase their job satisfaction and they will show more interest in company work (Boštjančič & Slana, 2018). The leaders need to take the responsibility here. They need to provide necessary support to their tem and motivate their members to achieve higher than the set goals. CST will be able to retain more employees if they feel satisfied and motivated in the employee based work environment. Planningthepromotionsandcareerdevelopmentplanscarefullyisnecessary. According toStroup & Zheng (2016), companies that gives their employee scope to grow, retains and attracts more candidates than their competitors. Individual growth of the employees are also the responsibility of the company. There must be enough chances for the employees in CST to show their potential and grow with the organisation. Microsoft is a renowned software developer company who has gained efficiency in employee retention and talent searching. This company gives special importance for the individual growth of their employees along with the teams. There are regular training programs which keep their employees updated about the recent technological advancements (Jain & Hyde, 2017). The recruitment process is aligned with their organisational mission as well. Overall, it can be said that CST can be benefitted by implementing these changes in their human resource management aspects and can increase market potential for them.
5 MANAGEMENT, PEOPLE AND TEAMS References Boštjančič, E., & Slana, Z. (2018). The role of talent management comparing medium-sized and large companies–major challenges in attracting and retaining talented employees. Frontiers in psychology,9, 1750. Jain, A., & Hyde, A. M. (2017). Talent Management Practices and Its Impact on Performance ofanIndividualandOrganization:AnOverview.ShriVaishnavInstituteof Management, 31. Rees,G.,&Smith,P.(Eds.).(2017).Strategichumanresourcemanagement:An international perspective. Sage. Stroup, C., & Zheng, H. (2016). What are Key Emerging, Employee-Facing Trends in HR that will be Influential in Attracting and Retaining Future Top Talent?.