MGT726 Managerial Project: Analysis of Contractual vs Permanent Terms

This managerial project, likely for MGT726, investigates the optimal employment terms (contractual vs. permanent) for Doshi group of companies, a hardware business facing a competitive job market. The project identifies the management problem as deciding between contractual and permanent roles for talented individuals, considering the company's growth needs and employee preferences. The research questions focus on determining the best employment terms for rare skills, with objectives including identifying essential rare skills, finding effective acquisition and retention methods, and evaluating employment options. The theoretical framework is based on human capital theory, and the research employs focus groups, ethnographies, interviews, and comparative analysis, drawing from secondary data sources. The project includes a timeline for completion and references relevant academic literature.

MGT Management Project 1
MGT726 MANAGERIAL PROJECT
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MGT Management Project 2
Title of your project:
A management proposal on whether to employ on contractual terms or permanent terms.
Background information
Doshi group of companies is a group of an industry that deals in hardware’s especially
electrical industrials products. The company possess qualified staff and have the knowledge of
the needs of users within the global scope; the company holds a wide range of employees and
professional (Marchington, Wilkinson, Donnelly and Kynighou 2016).
Factors leading to the management decision problem
However, being a well-established company, it attracts several talents of various skills
within the several sectors that are uncompounded in it, that include sales and marketing,
distribution, engineering, advertising, and many other sectors. The challenge comes in where the
talents available for the company about the very competitive job market, the company is torn
between offering contractual terms for such a talented skill or for a permanent terms keeping in
check that there are others who prefer working as freelancers (Bratton and Gold 2017). Need also
arises when the company is aware that hiring the best talents will lead to the growth of the
company yet (Marchington, 2015). The best of the talent is so rare in a particular field that the
company has to risk sharing such talent to another company, and therefore they can only
negotiate the terms in a contractual freelance pattern, and expensively on permanent terms.
Management problem
What are the best terms of employment contractual or permanent for company
professionals?

MGT Management Project 3
Why does it matter?
Either of the two forms of employment have advantages and disadvantages that cannot be
overlooked if a manager is to take such a decision for the company, considering that the
company needs to grow while catering for each of their employee's growth (Cooper, Stanley,
Klein and Tenhiälä 2016). With the manager pretty aware of this it becomes difficult to make
such a decision as to take someone on either of the basis and with the ever growing competition
in the market it makes this such a noble matter.
Research question
What is the best terms of employment for a talented rare skill in the market that the
company is really in need of?
Research objectives
To find out the talented specific skills that are very rare in the job market but company
essential i.e. graphic designer
To find out the best way to acquire and keep talented skills.
To find out the best way to offer these talents their employment based on the two terms.
Specific area of investigation
Human resource management
Theoretical framework
Human capital theory by wage differentials between different employments
Literature

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 Senyucel, Z., 2016. Managing the Human Resource in the 21st century. Book
Boon.
 Brewster, C., 2017. The integration of human resource management and corporate
strategy. In Policy and practice in European human resource management (pp.
22-35). Routledge.
 Warner, M., 2014. Culture and management in Asia. Routledge.
Secondary data
 International Bureau of statistics
 Kiyosaki general motors
 Doshi enterprise
Method of data collection and analysis
Objectives Data collection method Data analysis plan
To find out the talented
specific skills that are very
rare in the job market but
company essential i.e.
graphic designer
Focus groups in the firms
Ethnographies of strong
existing firms
Evaluate the company
quality
To find out the best way to
acquire and keep such rare
Government policy on the Comparative analysis of the

MGT Management Project 5
talents. same different firms
To find out the best way to
offer these talents their
employment either on
contractual basis or
permanent basis.
Interviews to firm managers Comparative analysis of the
two methods
Time schedule for completing the project
wk 1 wk 2 Wk 3 Wk4 Wk 5 Wk6 Wk 7
Submit proposal report
Submit progress report
Submit final report
Additional feedbacks

MGT Management Project 6
An online portal for grandaunts to post their CVs
References

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Bratton, J. and Gold, J., 2017. Human resource management: theory and practice. Palgrave.
Cooper, J.T., Stanley, L.J., Klein, H.J. and Tenhiälä, A., 2016. Profiles of commitment in
standard and fixed-term employment arrangements: Implications for work outcomes. European
Journal of Work and Organizational Psychology, 25(1), pp.149-165.
Marchington, M., 2015. Human resource management (HRM): Too busy looking up to see
where it is going longer term?. Human Resource Management Review, 25(2), pp.176-187.
Marchington, M., Wilkinson, A., Donnelly, R. and Kynighou, A., 2016. Human resource
management at work. Kogan Page Publishers.