BMGT 364 Project: Human Resource Planning for Biotech Company

This project analyzes the human resource planning strategies of Biotech Company, focusing on the launch of a new infant formula product. The project begins with an executive summary outlining the company's mission and expansion plans. It then delves into the importance of human resource planning, including attracting skilled employees, training, and performance management. The discussion covers the four key steps in human resource planning: assessing current resources, outlining future needs, forecasting employee demands, and implementing strategies. The project emphasizes the need for recruitment, training, and employee motivation through rewards and feedback. The conclusion highlights how effective human resource planning can increase profitability, build brand image, and improve employee productivity. The project also references relevant academic sources to support its findings. The assignment is a part of BMGT 364 course and is designed to help students develop critical thinking skills and a management plan, focusing on the infant formula industry and Biotech Health and Life Products Company.

Running head: HUMAN RESOURCE PLANNING OF BIOTECH COMPANY
Human Resource Planning of Biotech Company
Name of the Student
Name of the University
Author Note

1HUMAN RESOURCE PLANNING OF BIOTECH COMPANY
Executive summary
The aim of the paper is to talk about the new product launch of Biotech Company.
The mission of the company is developing safer products that are natural, affordable and
effective for customers’ health. Biotech is developing a food line for the infants. The
company has expanded recently and is interested in developing infant formula. The company
has also plans of building houses for communities in India and Brazil where pharmaceutical
ingredients are manufactured. Biotech is expanding its business by launching new products
and also in different locations.

2HUMAN RESOURCE PLANNING OF BIOTECH COMPANY
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Human Resource Planning.....................................................................................................3
Conclusion..................................................................................................................................5
References..................................................................................................................................6

3HUMAN RESOURCE PLANNING OF BIOTECH COMPANY
Introduction
Human resource planning of Biotech Company will allow the company to plan and
maintain a stable supply of knowledgeable and skilled employees. This is also known as the
workplace planning. This process will help the company to evaluate the requirements of the
company and plan accordingly to fulfill those needs. This paper will talk about the Human
Resource Planning of Biotech Company in order to establish its new product which is
assisted by the Executive Director.
Discussion
Human Resource Planning
Human Resource Planning should be flexible enough to overcome the short-term
challenges of the staffs. It also strategies the ideas to changing conditions for business
environment in the longer-term. Human Resource planning is done by assessing and auditing
the present capacity of the human resource (Armstrong & Taylor, 2014). The challenges that
disturb the structure of the organizations are employees falling sick, going on a tour or getting
promoted. HRP makes sure that there is balance if these challenges of the workers and the
job. The objective of the Human Resource Planning are-
1. To attract skilled and knowledgeable employees.
2. Selection, training and rewarding the employees.
3. Coping up with the absences and handle conflicts.
4. Promoting the employees (O'Meara & Petzall, 2013).
The establishment of the new division of products in Biotech Company will require proper
planning and execution methods. There are 4 major steps involved in the planning of human

4HUMAN RESOURCE PLANNING OF BIOTECH COMPANY
resource. In the first step the human resource departments will study the current supply of
resources. The strengths of the Biotech Company will be studied which will depend on the
number of employees currently working in the organization, qualification of the employees,
positions, benefits provided and the overall performances. After detailed study it is noted that
Biotech Company would need an Assistant Division Director and a team under that
designation (Noe et al., 2017). This will require the process of recruitment of skilled
employees in order to carry out the various activities related to the products that include,
marketing, promotions, selling, strategy planning. The recruitment is done either by the
Director or by the Human resource manager. In the second step, the future of Biotech
Company needs to outline its employee’s future. The human resource will then consider
issues like layoffs, promotions, transfers. The third steps involves forecasting the demands of
the employees (Cascio, 2015). Biotech Company should create an analysis of gap that
requires specific needs in order to narrow the supply of the labors versus the future demand.
Biotech Company after recruiting the employees should provide proper training in order to
give an in depth knowledge of their respective plans. Evaluation after every task will keep the
employees motivated to perform better. Regular feedback from the employees about their
respective jobs, their fulfillment of demands, job satisfaction, and understanding of the job
will provide a wider picture to the employer to know its employees better. Departmental
manager give feedback on the work done by the new employees (Stone & Stone 2013).
Another way of motivating and influencing the employees to perform better is rewarding
them for their outstanding performance. Separating the employees from the organization or
training them vigorously in times of regular failures will also help Biotech Company to
establish a successful division for its new product category. The final step of the Human
Resource Planning will involve practical tasks of implementation of the above mentioned
strategies and ideas. The execution of these plans will require budget estimation, checking the

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capacity of the company to implement the strategies and plans and joint efforts of all the
departments to execute the ideas and strategies (Aswathappa, 2013).
Conclusion
Thus, it can be concluded that proper human resource planning can help in successful
development of the organization in all aspect. Biotech Company by following the Human
Resource Plan for the launch and establishment of new product category will increase the
profitability of the company and develop a brand image in the minds of the customers. The
productivity of the company also increases if suitable strategies are implemented.
Recruitment of skilled and knowledgeable employees in the required department will also
help Biotech to expand its business. It can be also concluded that training, evaluation, time to
time feedback and rewards for recognition will also help the employees of Biotech Company
to feel motivated and perform better.

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References
Armstrong, M., & Taylor, S. (2014). Armstrong's handbook of human resource management
practice. Kogan Page Publishers.
Aswathappa, K. (2013). Human resource management: Text and cases. Tata McGraw-Hill
Education.
Cascio, W. F. (2015). Managing human resources. McGraw-Hill.
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2017). Human resource
management: Gaining a competitive advantage. New York, NY: McGraw-Hill
Education.
O'Meara, B., & Petzall, S. (2013). Handbook of strategic recruitment and selection: a
systems approach. Emerald Group Publishing.
Stone, R. J., & Stone, R. J. (2013). Managing human resources. Wiley.