13091 2 Pages 6 Hrs

[In one page, summarize the plan’s main points, strategies, and any action items. Consider this like a cover memo that the top company executives (CEO, CFO) and board of directors will want to review, or which will be used to justify requests for any funding needed to make this happen. Complete this for the final submission.]

Table of Contents

Company Background p. #

HR Strategic Plan p. #

Staffing Strategy p. #

Total Rewards Strategy p. #

Training and Development Strategy p. #

Performance Management Strategy p. #

HRIS p. #

Conclusion p. #

References p. #

Appendix p. #

Work Breakdown Log p. #

Title of Paper

[Brief Introduction]

I. Company Background Shelby

Determine and analyze your company’s HR strategies that are in line with your chosen business type and size of the organization. Include in your analysis any industry realities, competitors’ analysis, and your company’s potential to differentiate in the marketplace. Provide the company background in HRM analytical terms, and decide whether your team wants to use Porter’s Five Forces Analysis or the Balanced Scorecard approach for setting up strategy. This section should contain the following.

· Company Foundation: Mission, vision, values, and environment

· Competitive Analysis: Company SWOT, competition, and market differentiation

· Choice of Method (Porter’s or BS): Give a brief explanation of the method and how it will tie into your strategic plan.

Sections to include in your written assignment.

1. Mission, Vision, Values-Esther

2. Internal Company Environment-Shelby

3. Competitive Analysis- Shelby

4. SWOT (page 31 for assistance) Permonica

5. Strategy-Tashina

II. HR Strategic Plan (Week 2)

Develop the HR strategy and critical linkages to your fictitious company strategy. Develop a narrative that describes that linkage. Include theory in this section. What type of culture will the HR strategy envision, evolve, and support? Consider the work done, industry needs, and type of laborer involved in your organization, and provide support for the decision.

· HRM Role in Company: Function, structure, responsibilities (current and proposed)

· Rationale for HRM seat at C-Suite in this company (and generally)

· Describe the workplace culture desired, method of attaining it, and theory behind the choice. For example, organizational behavior culture, your fictitious company’s employee method, strict hierarchy, matrix management, continuous improvement, learning organization, and so forth. (Be as creative as you desire on this. See pages 10–11 of the textbook for culture thoughts. To find theory and support for your culture ideas, use Google Scholar and the Keller Library.)

Sections to include in your written assignment.

1. HRM Role-Esther

2. HRM C-Suite Rationale- Permonica

3. Workplace Culture Theory and Method-Esther

4. HR Metrics - Tashina

III. Staffing Strategy (Week 4)

Describe the labor force you will have and will need in the future.

· What core competencies support your company’s needs? What KSAs do the company’s employees need to have? (You may want to consider these by department.)

· Include one example of a job analysis for a critical position in the company.

· Explain what recruitment channels you will utilize, and justify them based on location, KSA needs, and future growth needs.

· How will you ensure the staff hired contributes to diversity needs, as well as performance? Explain your company’s legal and ethical diversity requirements and strategy.

· Describe the staffing methodology, and explain how it will support your company’s budget and hiring timing (i.e., application–to interview–to hire process)?

Sections to include in your written assignment.

1. Core Competencies, KSAs- Permonica

2. Job Analysis- Tashina

3. Recruitment Channels-Esther

4. Selection Method-Shelby

5. Diversity-Shelby

IV. Total Rewards Strategy (Week 4)

Describe the strategy for total rewards for your fictitious company. Along with specific ideas for what benefits and compensation structure will exist, provide support for your rationale and decisions using current scholarly theory in the field.

· Review your fictitious company’s strategy to lead, meet, or lag the market for total rewards and key positions.

· Review the decision to base wage on internal structural equity or external market equity.

· Review the decision mix between base wage and incentive wage.

· Develop a mix of employee benefits that differentiates in the market.

· Linkages to performance management or motivation theories.

Sections to include in your written assignment.

1. Meet, Lead, or Lag?-Tashina

2. Equity Strategy-Tashina

3. Wage Incentives Method-Esther

4. Linkage to Performance Management-Permonica

5. Benefits: Other Rewards- Shelby

V. Training and Development Strategy (Week 5)

Describe the training and development strategy your team has designed for your fictitious company.

· Provide a needs assessment for training needed in the organization.

· Identify one area where training will be needed, and explain the method of delivery of that training.

· Explain how training needs will be determined, budgeted for, and provided for future company needs.

· Describe implementation of an employee development strategy for talent management, including succession planning.

· Tie T&D into staffing by explaining onboarding and orientation.

Sections to include in your written assignment.

1. Needs Assessment-Tashina

2. Training Need/Method- Permonica

3. Training Budget/Future-Shelby

4. Employee Development/Talent Management (SP)-Shelby

5. On-Boarding/Orientation-Esther

VI. Performance Management Strategy (Week 6)

Describe the performance management strategy your team has designed for your fictitious company.

· Create appraisal strategies and mechanisms to evaluate performance.

· Create feedback methods to ensure continual information sharing versus annual events.

· Explain policies on performance improvement needs, discipline, and terminations.

· Explain linkages to T+D, total rewards, talent management, and HRIS strategies. Consider reviewing high-performance work systems or other systems theories on performance management.

Sections to include in your written assignment.

1. Performance Appraisal Method-Tashina

2. Feedback Methods-Shelby

3. Policies on Performance Improvement, Discipline, or Termination-Esther

4. Linkage to T&D, Total Rewards, Talent Management, and HRIS- Permonica

VII. HRIS (Final Project submission only)

Describe the HRIS needs of the company (i.e., for each section of this project, consider whether you will need some HRIS vendor or software package to assist with supporting).

· Create a schema or chart that depicts these needs and possible solutions.

· Review two possible vendor solutions for HRIS for one area of the company, and recommend one of the solutions.

Sections to include in your written assignment.

1. Company HRIS Needs-Tashina

2. Schema/Chart

3. Two Vendors + One Recommendation

Conclusion

References

[Have at least 10 scholarly sources. Strive for two each week of Weeks 2, 3, 4, 5, and 6. Use APA formatting. For HRIS, you might prefer to use white paper or vendor schematics and specifications, instead of scholarly sources. Scholarly articles that are peer reviewed from journals in the field of HRM are preferred; white papers from HBR and similar review journals are fine; avoid Wikis, blogs, and other nonauthored sources.]

Appendix

This is not required but could include examples of items such as job applications or HRIS documents or comparisons.

To assist in assessing the contributions made by the individual team members, the team must complete the table below and include this in the Final Project submission.