Reference no: EM132265152

You need to prepare report on Human Resource in Management.

Table of Contents

I. Executive Summary
II. Business Strategy Report
III. HR Organization Design
V. Compensation Plan
VI. Training and Development Plan
VII. HR Forecast Plan
VIII. Conclusions
IX. Appendix
X. References
XI. Document Work Log

I. Executive Summary
You will complete this portion when the Comprehensive HR Project is submitted in Module 7.

II. Business Strategy Report
As a team, review and discuss the company strategy, including industry realities, competitors' analysis, and differentiation in the market. Be sure to focus on the role of strategy in the competitive position of Motors and More. Your report should address the items below.
A. Using Porter's Five Factors Analysis of competitive position, analyze the business strategy and describe your findings.
B. Review the role of strategy in company performance. What will be needed in the human resource strategy to support the company strategy?

III. HR Organization Design
A. Design a typical HR department and identify each HR unit. For each HR unit, provide roles/ responsibilities and job titles. Develop an organization chart of a typical HR department.
B. Given the size of Motors and More, indicate which positions identified in your typical HR department should be combined or eliminated to reduce the number of HR employees. Provide new job titles and develop an organizational chart specifically for Motors and More's new HR department. Provide the total number of staff for each HR unit.

IV. Recruiting and Retention Plan
A. Given the increase in product demand, how many people will you need to hire and in what functional areas (manufacturing, operations, customer service, marketing and sales, finance/ accounting, and HR)? Provide your rationale for the proposed hiring in each unit. Consider the turnover rate. Identify the factors that could be causing turnover. Identify the costs of turnover.
B. Include the types of interviews you would conduct and why.
C. Develop strategies to recruit the appropriate applicants and include sources and tools used for recruiting and selection. Identify the possible areas and types of discrimination that could occur.
D. What can you do to retain current employees? What are the benefits of retention?
E. How will you assess the effectiveness of your recruiting efforts?

*V. Compensation Plan
Develop a progressive yet competitive compensation plan that will support recruiting and retention efforts and lower the employee turnover rate. Traditionally, Motors and Morehas provided employees minimum wage and statutory bene?ts.
A. How does Motors and More's employee compensation compare relative to other organizations in the area? Will the organization meet, lead, or lag the local market? Explain your rationale.
B. Identify alternative pay methods and discuss the advantages and disadvantages of each.
C. What bene?ts will you offer? Include statutory bene?ts. What are the costs of those bene?ts? What is the rationale for offering those bene?ts?
D. Develop a communications plan regarding how employees will be informed about the compensation plan. Define the sequence of communications considering the who, what, and when of the message.

VI. Training and Development Plan
Develop a human resource development (HRD) plan. Given the fact that Motors and More has no formal training program and promotions have been based on seniority, your plan should address:
A. New-employee training.
B. Current-employee training for current and future jobs according to a career path.
C. Manager and supervisory training.

In your training plan, address the following:
A. How will you conduct a needs assessment for each group (include methods and instruments)?
B. How will training content be developed or obtained?
C. How will training be delivered (e.g., classroom, intranet, blended, self-study, etc.) and by whom internal employee or external consultant/trainer)? Provide a rationale for your decision.

VII. HR Forecast Plan
Develop a three-year HR forecast (prediction of the future) using the following assumptions:
A. Labor supply/demand will become more rigorous (demand for workers will increase, but the labor pool will remain the same or shrink). Labor costs will increase.
B. Demand for Motors and More products will continue to increase. Production defects will also continue to increase.
C. Motors and More's workforce will become more diverse as the company hires more Hispanics, Kurds and persons from alternative workforces.
D. The president will start another company and will hire someone to manage the daily operations of Motors and More while he takes on more of an overseeing role.
E. Motors and More will decide to develop an additional product to broaden its portfolio. There is no existing capacity for the product, nor do the existing production lines meet the manufacturing requirements for the new product.

VIII. Conclusions
You will complete this portion when the Comprehensive HR Project is submitted in Module 7.

IX. Appendix
Add any supplemental information, diagrams, pictures, or forms that support your project work.

X. References
Include references to support your conclusions.

XI. Document Work Log
Complete the table to assist in assessing the contributions made by the individual team members.

Section	Team Member - Primary	Team Member - Secondary
I.  Executive Summary
II.  Business Strategy Report
III.  HR Organization Design
IV.  Recruiting and Retention Plan
V.  Compensation Plan
VI.  Training and Development Plan
VII.  HR Forecast Plan

Note: You need to complete only - COMPENSATION PLAN MODULE

Attachment:- Template.rar