ipl-logo

Strategic Plan Paper

712 Words3 Pages
bulb-icon

Recommended: Human resource management

Strategic Plan
The foundation of this plan begins with human resources and branches into three key areas needing improvement: talent management system, overtime reduction, and renegotiation of the union contract. As you will notice from the strategy map below, the positive effects of these changes, support the organization’s strategic goal of profitability.
Talent Management System
Talent management is not currently utilized in our organization. Therefore, the time, resources and money wasted by not having a process in place are a huge drain on the budget. “One survey of human resource executives found that “talent management” issues were among the most pressing ones they faced” (Dessler, 2013, p. 104). Therefore, I recommend we adopt the talent management system proposed in the following plan.
Employee Engagement
Employees are the key to a successful organization. As leaders, we must aim to empower our employees to improve their dedication to the company and to their job responsibilities. “To fully understand and promote empowerment, collaboration and dialogue within organizations, the leader must not see them as separate activities” (Carey, 1999, p. 103). The connectedness of an employee to the organization has a direct effect on their productivity, which in turn has a direct effect on profitability. Our employees must be on board with …show more content…

Thus, to ensure the creation of an effective incentive plan, “Five important building blocks include determining whether using incentives makes sense, linking the incentive with your strategy, making sure the program is motivational, setting complete standards, and being scientific in terms of analyzing the effects of the incentive plan” (Dessler, 2013, p. 414). Armed with this foundation, I propose we implement an incentive program post haste to encourage employees and give them the recognition that has been withheld for too

Show More
Related
1780 Words | 8 Pages

Strategic Plan Part 1 – Organizational Structure (Coronis Health) Cherica Smith HCS/589 Instructor Rich Schultz, Ph.D. March 21, 2023 The goal of the strategic project plan for Coronis Health organization is to add an additional product line. According to Coronis Health (2023). , “Coronis health is healthcare revenue cycle management and medical billing company offering global capabilities & specialized solutions.

Read More
641 Words | 3 Pages

Strategic Plan CanGo is a very successful internet business that has not followed the traditional ways of building a strong organization. Elizabeth Bennet, the CEO of Can Go, had a dream, pursued it and obtained success by accident. The purpose for the strategic plan is to develop a strong structural organization that has the ability to manage a successful innovative organization with character and integrity that leads the ecommerce market by remaining abreast of cutting edge technology. This strategic plan will shape how Can Go does business and to ensure the delivery of the highest level of professionalism to the customers. The vision, mission and value statement will be engrained in the behavior, how well customer behavior is understood,

Read More
791 Words | 4 Pages

We believe our purpose statement will help motivate our employees and help to provide trust amongst our employees as the statement informs them that we are committed to their safety and wellbeing. Strategic changes must be implemented to ensure that the Human Resources Department does its part to ensure that the company’s goal of doubling sales in the next fiscal year is reached. In order to fulfill The Atha Corporation’s restructuring needs the human resources functional area goal is to: hire and train employees, reconfigure company policies, and distribute new job responsibilities. Implementing new human resource policies and practices will allow new and old employees to show understanding of the department 's vision, mission, values; and a strong commitment to our company (Guide, 1996). The consolidation and reorganization of the Human Resources department is sure to display The Atha Corporation’s greatest asset: human capital.

Read More
813 Words | 4 Pages

Human Resources, Strategic Operations and Initiatives

Read More
621 Words | 3 Pages

As the semester of my freshman year come to a closer, now it’s time to think about my future plans at Virginia Wesleyan College. The first semester of my freshman year been an up and down journey. As I move to the second semester the process of creating the Four Year Plan schedule I found out that it can takes time and a lot thought because I realized that I don’t know what to take in the next four. Making plans for future is something I found out I can be kind of bad of because I just don’t plan that far ahead in the future. To help me get started on my Four Years Plan schedule I look at the VWC catalog and to see what classes need for my major that I need to take and the other requirements that I need to graduate.

Read More
1144 Words | 5 Pages

To assist with the consultation process, we will develop a formal talent philosophy, Human Resources strategy, and a specific staffing strategy. Chern’s talent philosophy describes how employees should be treated and the expectations employees will be held to. Your talent philosophy is that employees are expected to provide top level knowledge and customer service, while attaining sales quotas. Failure to meet quota for four consecutive months will lead to a warning and an additional month of not meeting quota will result in termination. To encourage leadership behavior, employees are encouraged to meet quotas independently as a reflection of employee and departmental freedom.

Read More
657 Words | 3 Pages

Resource and Talent Planning 6. Learning and Talent Development 7. Performance and Reward 8. Employee Engagement 9. Employee Relations 10.

Read More
1177 Words | 5 Pages

Abstract: In this article talent management of the organization is considered as the HR-technology, which focuses on identifying talents and developing their potential impact, opportunities. Key words: talent, talent management, talent management process and techniques.

Read More
726 Words | 3 Pages

Planning and Conducting Research Planning and conducting research takes time. In a business world, you will be required to plan and conduct business reports for upper management and organization. The objective in a business report is to plan, analyze and research information for your colleagues to overview for the company. When creating a business report there is time effort and research that is also required. Creating a business report will also provide them the knowledge that you are credible enough to complete the task.

Read More
1536 Words | 7 Pages

This type of feedback mechanism relies on feedback being provided by an employee’s colleagues, supervisors and subordinates coupled with a self-evaluation (Janssen, Lam, & Huang, 2010, Lepsinger, & Lucia, 2009). Here was the closest relationship in the focus between industry and the field of I/O psychology with the notion of fairness in the evaluation process and equity and fairness in society. 1990s Feedback gave way to Talent Management in the 1990s and the ability to measure and predict performance. Talent Management is the art of predicting human capital needs for an organization and then planning how to meet those needs.

Read More
586 Words | 3 Pages

Introduction Talent management is an important aspect of any organization. Excellent talent management guarantees an organization long term success (Pace, 2010). As a result, several organizations have put in place metrics that they practice measuring the success of talent management at the organization. There are a number of metrics that an organization can embrace to determine the success of talent management function and understand that the organization has a formidable task force as discussed below.

Read More
1068 Words | 5 Pages

The problem to most plans is that people have great ideas and good intentions, but no one has the power or motivation to put those plans in action. My plan of action includes three focuses. First is volunteers, second is weekly meetings, and the last is involvement in the church. During this last section of the paper, I will cover my tentative plan of action that is backed by my theology and philosophy of youth ministry. The first part of my plan is having a strong team of volunteers.

Read More
1496 Words | 6 Pages

Introduction In today’s business, maximization of profits represents the principal feature of business operations. In order to achieve the highest profits, companies have to manage their human resources effectively. Thus, employee’s motivation has emerged as a critical component, it holds the key to the success of a company. Therefore, human resource managers must motivate their employees to let them perform to their best and achieve the organizational goals.

Read More
719 Words | 3 Pages

Devising company policies to reward, train and incentivize workers universally would be essential towards having an engaged workforce, which will translate to greater customer satisfaction and company returns in the long

Read More
1288 Words | 6 Pages

Keeping the workforce motivated and making them feel empowered to make some decisions is key to an organisations

Read More

More about Strategic Plan Paper

Related Topics

Open Document