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IBES- DBA (MM) – MHR-MARCH’24

MANAGING HUMAN RESOURCES 

Strategic Human Resource Management Plan for Workforce Growth and Succession

Effective human resource management helps small businesses align people, performance, and productivity during periods of growth and organizational change. This report explores workforce planning, succession strategies, and HR policies that prepare a company for employee retirement, hybrid work models, and future recruitment. It highlights best practices in talent retention, motivation, and performance management while addressing challenges in telecommuting, cost control, and compliance. Designed for academic and professional audiences, it provides actionable HR insights for managing expansion, developing leadership, and sustaining long-term business success.

Scenario:

Alfred, the owner and manager of a company with ten employees, has hired you to take over the HRM function so she can focus on other areas of her business. During your first two weeks, you find out that the company has been greatly affected by the up economy and is expected to experience overall revenue growth by 10 percent over the next three years, with some quarters seeing growth as high as 30 percent. However, five of the ten workers are expected to retire within three years. These workers have been with the organization since the beginning and provide a unique historical perspective of the company. The other five workers are of diverse ages.

In addition to these changes, Alfred believes they may be able to save costs by allowing employees to telecommute one to two days per week. She has some concerns about productivity if she allows employees to work from home. Despite these concerns, Alfred has even considered closing down the physical office and making her company a virtual organization, but she wonders how such a major change will affect the ability to communicate and worker motivation.

Alfred shares with you her thoughts about the costs of health care on the organization. She has considered cutting benefits entirely and having her employees work for her on a contract basis, instead of being full- time employees. She isn’t sure if this would be a good choice.
Alfred schedules a meeting with you to discuss some of her thoughts. To prepare for the meeting, you perform research so you can impress your new boss with recommendations on the challenges presented.

Further Instructions

• Font Style: Times New Roman & Font Size: 12 for content, 14 for subsections and 16 for main sections • Line Spacing: 1.5
• Page Layout/Orientation: Portrait
• All the margins should be set about 25mm on both sides (i.e. left & right) of each page and justified.
• Numerical Systems (e.g 1.0, 1.1 and 1.1.1) should be used for each section and subsection.
• Word count must be indicated on the cover page of the assignment.
• Use Harvard Referencing style.
• Make sure you use your own words without copying sentences from the learning materials. Marks will be deducted if you do. Word Count
• Your word count should not include references / bibliography.
• Exceeding the word count by more than 10% would result in a penalty of 10% of your marks.
• If your work is significantly shorter than the required length, you would be penalized for not providing the level of information required.

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