Reference no: EM133640144

Question 

Identify three of the main components of a strategic human resources plan. Explain how each component is relevant to the case of Superior Components. short form use the information below to answer question Superior Components is a company that produces parts for vehicles. It was established in 1948 by Hans Schmidt, who came from Austria with his expertise in tool and die making and $20 in his wallet. It is now run by Hans's son Kurt. Kurt has no relatives who want to take over the business.

Superior Components has recently announced a five-year strategic plan. To meet an expected growth in demand, they plan to double their production capacity, mainly by using more automation and AI.

Superior Components currently has 700 workers in its factory in Hamilton. In its strategic human resources plan, Kurt assumes that they will need to recruit another 150 skilled workers to achieve the goals in their strategic plan. Kurt also anticipates a reduction in manual labourers by 30 workers during this time. Kurt is now facing a problem - how to implement the strategic plan successfully.

Currently, Superior Components has a united group of workers and a friendly and supportive organizational culture. Some managers are concerned about the effect that more automation might have on the corporate culture. The firm is also worried about the expenses to introduce new technology and whether the current workers can be trained on the new systems and processes in a cost-effective way given that the average worker age is 55. Furthermore, hiring new workers and firing others may cause conflict in the workplace. Management has decided to form a team from different parts of the organization to analyze the impacts their new strategy and strategic human resources plan will have on their business, culture, workers, and customers.

You have been hired by Kurt to head this management team and examine the issue and provide some advice before the company proceeds with the proposed plan.