This report intends to present a human resource plan as a 50 years old family business operating in automotive, financial and real estate sector with almost 2000 employees wants to shift their company structure into a corporate one. Therefore, the human resource department needs to train their workforce according to new HR plan and strategy balancing with all the business verticals. The CEO of the business group, considering its prolonged history of success decided to make its structure more contemporary to sustain against the competitive nature of the market. Hence, a request has been made from higher management to HR department to implement effective HR strategies aligning with the new structure and a two years HR plan. According to Bach (2013), no less than 70% of entrepreneurs believe that employees are important as far as company’s economic prosperity is concerned. Improving strategic alignment with the HR development planning will help them to meet the business needs and combat future challenges.
In order to do that this report will first recommend the strategies to make the workforce understand organizational objectives following with implementation strategies. Before that, a good understanding of the nature of HR teams of different department is necessary. According to Brewster (2017), human resource development is another strategic approach for accomplishing the target of business groups. Therefore, employee loyalty programme, training sessions and appraisals will be discussed in terms of executing the plan successfully. Fruitful implementation of HR strategy will ensure seamless and efficient services along with maintenance of a healthy workplace culture (Miller, Breton-Miller & Lester, 2013).
An inevitable truth of operating a business is it must be flexible and adaptive in nature in order to ensure better revenue and sustainability. In order to grow anything needs to be modify maintaining periodic gap. This 50 year old family business group has though of a corporate shift for that reason and looking for answers in terms of arranging HR strategy that will be balanced with future business structure. As discussed in Collings (2014), a business market is competitive not in terms of profitability and revenue only, but also defined by rivalry for recruiting and retaining skilled talent. A well defined and data driven HR solutions can lead the company towards attaining the organizational goals of future. Therefore, according to Nankervis et al. (2016), objective of succession planning and management is to combine three areas: ‘right people in right place at right time’ as far as change management situation is concerned.
In order to do that strategies are as follows.
By enhancing employee engagement, HR leaders can accelerate growth and omit resistance against implementing transition.
The next stage is implementation of the strategies in order to ensure desired change, which is transforming family orientation into a corporate structure. The following table can address strategies with specific objectives (Maheshwari & Vohra, 2015).
Strategies |
Objectives |
· Communication |
An effective process of channelizing information to all the internal stakeholders including employees through solving queries, addressing complaints and giving suggestions to deal with newly proposed change. |
· Consistent maintenance of communication and teams |
Establish and cultivate new workplace culture and regulations. Frequent discussion regarding major issues will help to avoid them in new structure. |
· Job responsibility and security |
Distinct allocation of job responsibilities and management will propose appropriate plans for benefits and retains to fulfil future agendas. |
· Workplace culture |
As family business and a corporate atmosphere is not the same, employees will be notified officially about the changed scenario (Sarbah & Xiao, 2015). |
· Employment and development |
According to the changed business need there will be opportunities to recruit new talents and skills along with developing existing employees. |
· Filtration in workforce |
Before the entire transition, there will be a filtration process in terms of retaining the necessary talents excluding the additional workforce behind tactfully. |
· Training and development |
Consistent process of counselling, learning and development sessions will be arranged in order to ensure more effective and efficient operations in all the three business verticals (Cascio 2014). |
· Policy and agreement |
Revised and newly framed HR policies and agreement must have areas where both the organisation and employee benefits are aligned in parallel. |
Communication
Implementation have some strategies as well. There are three phrases roughly for implementation a successful change.
The HR budget is all about HR funds which are approved by HR heads after scrutinizing the organizational needs. As argued by Bryant and Allen (2013), these needs include; hiring process, benefits, monthly salaries and incentives, training sessions, succession planning, engaging workforce through benefits and compensations. This budget is dependable on financial whereabouts and employee performance. HR budget is important in a change management scenario to filter unwanted employees, creates a clear indication for future requirements of HR strengths, it is indeed a motivation for employees and help to reduce voluntary turnover with its right use.
In order to plan effective human resource strategies; succession planning and management is one of the essential aspects to deliver customers’ requirements. It helps to recognise, develop and retain eligible employees for the contemporary and future business objectives. Objectives of succession planning are as follows.
This succession management plan is essential for several reasons. Employees get engaged with the shared objectives better than prior system. Employees will realise their faults and try to bring perfection through relevant training programme. It is a great medium to share corporate knowledge. Therefore, both the business needs and customers’ need will be satisfied. It can be stated that with the help of succession management plan and planning business goals can be reached through efficient HR department.
As discussed in Bidwell and Keller (2014), the motive of gain agreement is to solve problems. In order to do that a company considers both the view of a consumer and internal stakeholders as well. While management or other stakeholders are processing the information for solving a proposed issue, opportunities of providing new inputs rises. The purpose of gain agreement is to deliver better output by addressing issues and mitigating the same. The stages are as follows.
In case, according to Kim and Ployhart (2014), the issues with staffing is considered a balance must be maintained between internal training sessions and external recruitment. Both the areas are associated with HR budget and depends on the allocated amount as per requirement. Existing employees are better fit for traditional setting of the business. Train them to make ready for the corporate sector may consume higher time than recruiting new employees who are well aware of corporate business structures and procedures. Yet it will be problematic for the organisation to remove the old HR structure and employees and search for entirely new workforce. It will be a huge adjustment issue then.
Therefore, in gain agreement paper if a proposal can be made regarding a filtration procedure just before arranging training sessions it will be budget friendly and in terms of seamless delivery of services as well. Traditional employees know the company values and new employees are master in contemporary skills. As described in Wiewiora et al. (2013), an atmosphere of mutual sharing of knowledge will enrich the HR department which is exactly desirable for the both organisational and individual benefits of employees.
While reviewing the HR policies it must be evaluated that employers are having policies out of mandate boundary or they have genuine consideration or not. These considerations as follows must be examined while reviewing policies.
In case of transforming into a corporate organisational structure, a list of guidelines can be made and every employee should have a copy of that. Consistent practice and avoiding violence of company norms employees can adapt those policies grow with such business norms. All the staffs are trained if needed, to develop a clear understanding of policy guidelines to guarantee compliance and lesser incidents of violation.
Policies will be effective and provide output if they are understood and applied in right place, monitored regularly and in case of any issues reviewed accordingly. In order to develop policies and procedures for HR development few stages are followed.
Reward and recognition policies are important in terms of employee motivation, encouragement to join a certain organisation and retain an employee for a particular designation. Several researchers, including Eshiteti et al. (2013), have proved with practical evidences that money works as one of the greatest motivator as far as employee psychology is concerned. People tend to leave a company for a better proposal and most of the cases it is higher pay scale and better benefit scheme. Therefore, appropriate policies regarding rewards and remuneration is important (Shields et al. 2015).
As per several multicultural studies, just like Bhatnagar (2014), rewarding employees solve turnover issue and ensures the flow of production. In this case, several reasons can be teamed up for gaining agreement.
Policies must be applied for deserved candidate, meeting all the reward criterion and consistence performance. Recognition can takes place on a regular basis. According to Laschinger et al. (2014), managers must be competent enough to set the policies that motivate, value and empower employees at the same time. Moreover, keep the people loyal to the business group. Again. Effective two-way communication will take the part of making the process clear. A distinct, interactive sessions will help employees to understand how their actions and contribution will create a difference in terms of accomplishing organisations’ mission and vision. Apart from reward and recognition there are monetary and non-monetary incentives as well. Besides, in a corporate structure an employee receives health, accident insurance as well.
Pay for efficient and desired performance is one of the essential elements for effective managerial system. According to business scholars a management should not forget why people are paid for. It is for appreciating original value of people’s talent and performance throughout a month or year. According to Farndale and Kelliher (2013), appraisal policies are created to reward an employees’ utmost effort to maintain a balance between individual and organisational interest. It is a gesture on behalf of organisation to make them stay and work with the company with experience and gained vision. On the other hand, performance management can be the entire theory under which appraisal scheme is merely a chapter. Performance management is comprises of three stages of developing employees. 1) Training or coaching, 2) corrective measures in case of violation and 3) termination; these are needed to make the employees work in a productive way.
First phase is about motivating employees, allowing them to learn, provides coaching and consistently motivating them towards organisational benefits. Effective training sessions will help to develop new skills related to job role and performance will be boosted accordingly.
Second one is to necessary measures including warning for bad performance or absentees and the final phase is termination. In case, any employee is taking prolonged period for adapting with the new culture aligning with the budget plan the company is bound to terminate that employee for remaining cost effective and production oriented as well.
There are questions raised frequently that, which should be more in focus for an organisation to ensure a value based cultural model within an organisation. Answers are varied and the most frequent answers are it takes time, resources must be supportive or workforce’s energy and motivation work towards developing a value based culture. An easy three level riddle if can be solved for developing a programme for value based culture. It will be aligned with talent development and rules of appraisal along with accomplishing organisational vision and mission.
In order to ensure uniformity and central control the business group must unify all the sectors together under one mission and vision statement 2) recognising the market competition and renovate the culture accordingly and 3) talent development.
The significance of a corporate value based culture is, it is capable of supporting mission and vision of the business group which has a legacy of long 50 years. An organisations core value is their identity. Developing cultural programme will be able to maintain that individuality of business principals. Development programme must ensure these steps as follows for gaining success.
Conclusion
To conclude, it can be stated that implanting a structural change is not a matter of a night. It takes detailed planning, gain agreement, implementation, evaluation and further revision to create a successful implementation. In terms of HR planning and implementation, it must be considered that people are most important aspect of any organisation. The entire execution depends on them and their efficient quo. In case of dissatisfaction, HR managers can face bulk turnover which will turn out to be real bad as far as accomplishing the organisational goals are concerned.
References
Bach, S. (2013). Performance management. Managing human resources: Human resource management in transition, 221-342.
Bhatnagar, J. (2014). Mediator analysis in the management of innovation in Indian knowledge workers: the role of perceived supervisor support, psychological contract, reward and recognition and turnover intention. The International Journal of Human Resource Management, 25(10), 1395-1416.
Bidwell, M., & Keller, J. R. (2014). Within or without? How firms combine internal and external labor markets to fill jobs. Academy of Management Journal, 57(4), 1035-1055.
Bourne, M., Pavlov, A., Franco-Santos, M., Lucianetti, L., & Mura, M. (2013). Generating organisational performance: The contributing effects of performance measurement and human resource management practices. International Journal of Operations & Production Management, 33(11/12), 1599-1622.
Brewster, C. (2017). The integration of human resource management and corporate strategy. In Policy and practice in European human resource management (pp. 22-35). Routledge.
Bryant, P. C., & Allen, D. G. (2013). Compensation, benefits and employee turnover: HR strategies for retaining top talent. Compensation & Benefits Review, 45(3), 171-175.
Cappelli, P., & Keller, J. R. (2014). Talent management: Conceptual approaches and practical challenges. Annu. Rev. Organ. Psychol. Organ. Behav., 1(1), 305-331.
Cascio, W. F. (2014). Leveraging employer branding, performance management and human resource development to enhance employee retention.
Collings, D. G. (2014). Integrating global mobility and global talent management: Exploring the challenges and strategic opportunities. Journal of World Business, 49(2), 253-261.
Eshiteti, S. N., Okaka, O., Maragia, S. N., Odera, O., & Akerele, E. K. (2013). Effects of succession planning programs on staff retention. Mediterranean Journal of Social Sciences, 4(6), 157.
Farndale, E., & Kelliher, C. (2013). Implementing performance appraisal: Exploring the employee experience. Human Resource Management, 52(6), 879-897.
Gupta, S., & Kumar, V. (2013). Sustainability as corporate culture of a brand for superior performance. Journal of World Business, 48(3), 311-320.
Harris, H. (2014). Ethics training for corporate boards. In Achieving ethical excellence (pp. 113-131). Emerald Group Publishing Limited.
Kenworthy, J., & Wong, A. (2014, February). Developing managerial effectiveness: assessing and comparing the impact of development programmes using a management simulation or a management game. In Developments in Business Simulation and Experiential Learning: Proceedings of the Annual ABSEL conference (Vol. 32).
Kim, Y., & Ployhart, R. E. (2014). The effects of staffing and training on firm productivity and profit growth before, during, and after the Great Recession. Journal of Applied Psychology, 99(3), 361.
Kooij, D. T., Guest, D. E., Clinton, M., Knight, T., Jansen, P. G., & Dikkers, J. S. (2013). How the impact of HR practices on employee well?being and performance changes with age. Human Resource Management Journal, 23(1), 18-35.
Laschinger, H. K. S., Wong, C. A., Cummings, G. G., & Grau, A. L. (2014). Resonant leadership and workplace empowerment: The value of positive organizational cultures in reducing workplace incivility. Nursing Economics, 32(1), 5-18.
Ma Prieto, I., & Pilar Perez-Santana, M. (2014). Managing innovative work behavior: the role of human resource practices. Personnel Review, 43(2), 184-208.
Maheshwari, S., & Vohra, V. (2015). Identifying critical HR practices impacting employee perception and commitment during organizational change. Journal of Organizational Change Management, 28(5), 872-894.
Miller, D., Breton-Miller, I. L., & Lester, R. H. (2013). Family firm governance, strategic conformity, and performance: Institutional vs. strategic perspectives. Organization Science, 24(1), 189-209.
Nankervis, A. R., Baird, M., Coffey, J., & Shields, J. (2016). Human resource management: strategy and practice. Cengage AU.
Patidar, N., Gupta, S., Azbik, G., & Weech-Maldonado, R. (2016). Succession Planning and Financial Performance: Does Competition Matter?. Journal of Healthcare Management, 61(3), 215-227.
Sarbah, A., & Xiao, W. (2015). Good corporate governance structures: A must for family businesses. Open Journal of Business and Management, 3(01), 40.
Shields, J., Brown, M., Kaine, S., Dolle-Samuel, C., North-Samardzic, A., McLean, P., … & Plimmer, G. (2015). Managing employee performance & reward: Concepts, practices, strategies. Cambridge University Press.
Sung, S. Y., & Choi, J. N. (2014). Do organizations spend wisely on employees? Effects of training and development investments on learning and innovation in organizations. Journal of organizational behavior, 35(3), 393-412.
Wiewiora, A., Trigunarsyah, B., Murphy, G., & Coffey, V. (2013). Organizational culture and willingness to share knowledge: A competing values perspective in Australian context. International Journal of Project Management, 31(8), 1163-1174.
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order formOnce we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignmentAs soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download