Reference no: EM13670984

Lloyd bank company for the plan project

You need to assume that your group is the HR management team for an authentic profit-seeking organisation. Your task is to develop a new 12 month Strategic HR plan for the organisation. In doing this, students are to identify and apply relevant business theories and concepts from The strategic human resources management 7th edition (2011)

(Author: Nankervis, A. Compton,R. Baird, M & Coffey, J)(Cengage Learning). The organisation you select may be an organisation that you or one of your group members have either worked for or the one you or they are working for currently.

Otherwise, it may be any another organisation. Whichever organisation is chosen, the key criteria are that it is real and operates in the ‘for-profit' business sector.

The outcome of your group's work on this major assessment will be the construction of a ‘Human Resource Management plan' (for an organisation OR department). The plan should be presented in REPORT format.

The following guide will be of significant help in this assessment.

Strategic Human Resource Management Plan

Development of Human Resource plan Executive summary.

Introduction. This covers the scope of the plan and identifies the key goals.

Step 1.

Establish the Company's Vision and Mission Know the company's business goal and the exact ideas on which you're planning.

Some companies incorporate both vision and mission into one single statement or paragraph, while others create yearly mission statements in line with their business strategy for the year.

As you go about gathering ideas and developing your plans, understand these three basic principles to observe

• Formulate strategies that are aligned with the core values and the core purpose of the company's vision and missions.

• Human resources are not just workforces to mobilize. They are real people with personal desires and ambitions, which is why they went through years of education and training. Now it's up to the human resources department to recruit individuals whose interests, competencies and capabilities are attuned to the core values and purpose of the company. Nonetheless, the department is not expected to be always accurate in the recruitment assessment, which makes it important to keep assessment programs part of the staffing strategy.

• Every employee desires to become a part of a business organization that is well-organized, which they could perceive as soon as they submit their applications for the recruitment process. They will experience this as they undergo the training initiatives and benefit from this through management's performance. The best part about an organized company, is that the compensation being afforded to employees is paid as a form of recognition for their contributions.

References should support main idea well and strongly and it is harvard style.