Reference no: EM132218904

 Strategic Human Resources Management

Assessment - Project Report & Presentation

Context:

In response to local and global competition it is inevitable to implement a right HR strategy in order to improve the productivity and effectiveness of the business to gain a competitive advantage. HR strategy must be aligned with the organization's vision, mission and goals.

In developing an HR strategy, the company must analyze the characteristics of its industry, determine its competitive advantage, and identify key processes and key people. Creating different strategies for all groups of people in the organization may be necessary, depending on their skills, knowledge and responsibilities. The following framework will help you to locate interrelated information.

Preparation

• Form groups of 3 or 4 and brainstorm various HR strategies.

• Choose a project leader for your group

• Assign responsibilities to each team member and create a project timeline. Share this document with your group members Division of tasks amongst members

• Review project requirement tasks equally between members. During this project, if there is a problem with one team member not completing his/her task, then notify your teacher. In such cases, the non-performing team member will be required to complete the task individually with no changes to the scope of the project.

Part 1 - Project Written Report -Marks- 100

You are required to design a comprehensive questionnaire (approx. 20-25 questions) to collect first-hand information from HR manager of a company of your choices.

You are also required to conduct a detailed interview (face-to-face, or electronic medium) with an HR manager of company of your choice to explore Various HR strategies being practiced by the respective organization to gain competitive advantage

Procedure:

1) Develop questionnaire of 10-15 questions

2) Identify a HR manager/Officer and ask them if you can interview them. Present them the list of questions ahead of the time. Make sure you have their permission for an interview. Keep a copy of confirming emails and attach in appendix.

3) Submit a project report consisting following tasks:

Task 1: Provide introduction of the chosen company- name, nature of business, HR department organizational chart, HR functions, HR Vision and Mission Statements, HR Goals and Objectives, HR Strategic Plan based on your interview findings.

Task 2: Examine the internal and external environment of the company using six component model and assess the challenges faced by the selected organization

Task 3:Analyze the HR practices, policies, and Strategies of the company in relation to staffing, training and development, performance management and compensation & benefits.

Task 4-Based on the application of HR Balance Score card, design a Dashboard (presentable to the top Management) depicting the HR Metrics.

Task 5- Calculate absence rate, cost per hire, turnover rate, turnover cost for selected organization

Task 6- Assess employee retention practices of the selected organization

Task 7: Analyze the ethical environment of the organization and ethical HR practices in the selected organization.

Task 8: Make necessary recommendations to improve the HR strategy to attain competitive advantage.