Reference no: EM132928453
Polydav (U) Ltd is a Bitcoin (BTC) mining and trading company in Ugandan employing 1000 graduates. Based on the Blockchain technological platform, the company deals in cyber currency mining and trading. Due to its dynamic leadership, comprising of computer science graduates of Cavendish Universities in Uganda, the company's annual revenue was USD 20 million as of December 2020. The company has embarked on an ambitious plan to double its net margins to 50% by 2025 (NB: net margins are measured as a fraction of Revenue).
Despite the rosy picture above, Polydav (U) Ltd has had fair share of its own ups and downs. In the first instance, the recent volatility in the BTC market has, not only eroded the value of the company, but also led to fears among employees regarding longer-term viability of its business. As a consequence, during the 2019/2020 financial year, a number of employees have left employment including the chief software engineer, senior systems analyst, the cyber security specialist and 57 miners. The company has yet to replace them.
The company is also beset with HR related disagreements among departments and workers. Given the market volatility experienced over the last few months the Finance Manager argues for Downsizing to reduce number of employees. On the other hand, the HR manager asserts that in order to achieve its objectives the company needs at least 50 miners and 50 traders. The Operations Manager however argues that there is no need to increase numbers as, in her view, works of miners and traders could be combined through business process re-engineering. In her view this could be accompanied by job enrichment practices that would make the work of the employees more enriching and meaningful. She challenges the HR Manager to undertake such enrichment using relevant strategies.
Required
You are appointed the HR Manager at Polydav (U) Ltd to address some of the issues described above as required below:
a) Using the information in the scenario above explain the steps that you would go through to plan so that Polydav (U) Ltd has the right number of people and expertise to achieve its 2025 objectives. Use relevant illustrations from the case and the required strategies applicable as you describe each of the steps.
b) Calculate the turnover rate at Polydav (U) Ltd
c) You agree with the Operations manager. Describe the different ways in which you will enrich the jobs in Polydav (U) Ltd.