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How are superior performers differentiated from average perf
Course:- Other Subject
Reference No.:- EM13828074




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This is a group assignment and we all have to do the assignment on our best and then we will pick the best from each member of the group to combine a report. In other wards we have to do the best of the assignment on the following with powerpoint presentation too. Please do as per the requirement in the PDF with no plagiarism.

Please find the details below as we working on ANZ and let me know the charges.

That's great. We can have a look at ANZ website/other articles etc. and get information on mission/vision, strategies, performance measures (anything relevant to the assignment) and establish vision n mission (part 1) by 12/9?

happy with Tony's suggestion.

1. Introduction/executive summary

2. Establish the Company's Vision and Mission (put a proposal forward then we can mix and match what best suits) - by 12/9

3. Identify Strategic HR Issues broken up into the following subsections(We take on a section each) - by 19/9

Do people have the competencies to meet the strategic objectives?

What new competencies are required?

How are superior performers differentiated from average performers? What systems are in place to track their performance?

How can below standard performers be guided/developed to upgrade their performance?

Are people being developed to meet the challenges of the future? What improvements need to be made?

Are people motivated to meet the current and future challenges? What is impacting their motivation?

Are the right people being attracted and retained to meet the future challenges? If not, what can be done to attract people of the right calibre?

Is the current culture aligned with the vision, mission, and values of the department?

Where is the misalignment?

Is the manpower level sufficient to meet the future business requirements?.

4. Draw up the HRM Plan....Once the above components have been completed we can all spend a bit of time on this. - by 26/9

5. Conclusion

What do you think about the following break up?

Establish the Company's Vision and Mission... All put a proposal forward then we can mix and match what best suits.

Identify Strategic HR Issues broken up into the following subsections(We take on a section each)
Do people have the competencies to meet the strategic objectives?
What new competencies are required?

How are superior performers differentiated from average performers? What systems are in place to track their performance?
How can below standard performers be guided/developed to upgrade their performance?

Are people being developed to meet the challenges of the future? What improvements need to be made?
Are people motivated to meet the current and future challenges? What is impacting their motivation?
Are the right people being attracted and retained to meet the future challenges? If not, what can be done to attract people of the right calibre?

Is the current culture aligned with the vision, mission, and values of the department?
Where is the misalignment?
Is the manpower level sufficient to meet the future business requirements?

Assessment Strategic Human Resource management

This is a group assessment. Marks are awarded for overall group performance and are distributed to contributing group members equally; so, contribution by all group members together with group cohesion is important for good performance.

Development of Human Resource plan

Executive summary. Often this is not finalised until all components of the plan have been worked through.

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.

Step 3 - Draw up the HRM Plan....Once the above components have been completed we can all spend a bit of time on this.Step 2 - Identify Strategic HR Issues

Once a clear understanding of the department's objectives, direction and key challenges is established, the next step in formulating the HRM Plan is to identify the department's strategic HR issues. These are the key HR issues that will affect the department's ability to achieve its strategic objectives. The HRM Plan will need to address how to manage these issues.

What to Do Assess the HR implications of the findings of the strategic analysis.

Identifying the HR issues Arising from the Strategic Analysis

• Do people have the competencies to meet the strategic objectives? What new competencies are required?

• How are superior performers differentiated from average performers? What systems are in place to track their performance?

• How can below standard performers be guided/developed to upgrade their performance?

• Are people being developed to meet the challenges of the future? What improvements need to be made?

• Are people motivated to meet the current and future challenges? What is impacting their motivation?

• Are the right people being attracted and retained to meet the future challenges? If not, what can be done to attract people of the right calibre?

• Is the current culture aligned with the vision, mission, and values of the department?

• Where is the misalignment?

• Is the manpower level sufficient to meet the future business requirements?

Step 3 - Draw up the HRM Plan

Once the HR issues have been prioritised and the top management team have given their input into the direction of the HRM Plan, the Plan is ready to be drawn up. The Plan is unique and specific to the department. It represents the top management team's collective view on how the identified HR issues are to be addressed.

What to Do

Develop the HRM Plan consisting of several key programmes. Each programme should represent one of the key HR areas that needs addressing, e.g. training, culture, etc. Each department's set of programmes will be unique based on their own set of issues. Each programme within the plan should contain the following information :

• Strategic importance of the programme: Describe the background of the programme, why it is included as one of the programmes within the HRM Plan.

• Programme objectives: List out the aims of the programme. Be as specific as possible in terms of what the programme will achieve for the department.

• Programme recommendations: Develop the specific set of actions within the programme that will be carried out. The actions of the programmes, taken together, should be designed to achieve the programme objectives.

Your HR Plan should incorporate some or all of the following program areas:

1. Performance Management
2. Career Development
3. Training and Development
4. Promotion / Succession Planning
5. Change Management
6. Staff Culture
7. Recognition of Performance
To establish systems to recognize staff's performance and reward their contributions
8. Staff Retention/Manpower Planning
9. Recruitment
10. Management of Information

 

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Executive Summary:

The current report is the HRM plan for the ANZ bank. The plan is versatile and covers the entire ANZ operations in the global scenario. The key issues considered are the current functional deficits in ANZ and the need for new talent or the up-gradation of the talent to meet the new challenges ahead.

The other criterion like coherence of the plan to meet the challenges of the organizational vision and mission are considered as a part of the operational strategy. The plan is presented in the form of key steps of the action plan and a probable time span of execution.




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