Reference no: EM133464945

The business owner of the beauty products retain chain from Assignment #1 has started to become concerned with the future of her business. A global beauty supply chain has announced their plans to open 10 stores across the country, four of which will be in the city. With increased competition and the high operating costs of each retail increasing, she is unsure whether she should continue to focus on both the retail and online channels or just online operations. She is also starting to think about retirement and dreams of the day when she is only needing to work in the business part-time. After considering the costs, competition, and resource challenges, she has decided to close all 5 other retail stores and focus solely on her online business. With closing the stores, she is able to increase her spending on marketing campaigns and believes she can increase sales 50% each year over the next 3 years. She expects 3 of the store managers to move into Online Specialist roles.

1. Identify the risks associated with not planning

2. Define the workforce plan. Identify the workforce plan for the business owner.

3. Assuming an annual turnover of 10% of employees supporting online sales and the closing of the retail stores, and plan workforce plan that forecasts the supply and demand of labor for the online business over the next three years.