Draw up a three-year Strategic HRM Workforce plan for ONE Canadian company operating in a particular industry.

Individual Written Assignment – Assignment Title:

Draw up a three-year Strategic HRM Workforce plan for ONE Canadian company operating in a particular industry.

Select any ONE Canadian company from a particular industry or sub sector.
be of any size but it’s easier to find information on bigger companies and ones that are a plc. It must be a Canadian company or be operating in Canada.
To get started on looking for a suitable company refer to the Directories of Canadian companies: https://www.canada.ca/en/services/business/research/directoriescanadiancompanies.ht ml

or best place to work in Canada list.

https://www.greatplacetowork.ca/en/

Table of Contents

Executive Summary. Key takeaways and added value.

Section 1: Introduction (a short introduction about the aim and purpose of the assignment and what you hope to achieve. Signpost what you are going to do in the assignment and so lead and guide the reader.

Section 2: The Nature, Context and Important of SHRM Planning including The SHRM Planning Cycle

This will include: (this should be relatively short and not too theoretical)

• –  Briefly describing the HR Planning Process. Visual and diagrams are helpful.
• –  The rationale and importance of HR Planning

Section 3: The Chosen Industry and the One Canadian Company from That Industry

This will include looking at:

• –  The industry in general in terms of characteristics and competitions and industry

mapping. Who is leader and have biggest market share etc.?

• –  PESTLE Analysis factors confronting the industry and in turn the 2 organizations.
• –  What gives each company competitive advantage if any etc.?
• –  Profile of each company and how they fit into the industry in terms of market

share and profitability etc.

Section 4: The Actual SHRM Plan of the One Chosen Company

This will include looking at:

• –  Their business model and their overall business strategy, goals and mission and

how SHRM is aligned to them.

• –  Their resources especially if any unique resources which gives them competitive

advantage. Use the VRIO framework:

https://strategicmanagementinsight.com/tools/vrio.html

• –  Determining their HR Demand,
• –  Determining their HR Supply
• –  Determining if there is a Gap.
• –  Outlining an Action and Succession Plan so that you have the right people, with the right skills and right attitude in the right place at the right time and at the right cost in 3 years’ time.

Section 5: Action and Discussion and Reflections
(So what ?) (close the loop back to the literature)
This is the most critical part of the assignment, to which you should give a significant word count to as it separates the good from the great!
This will include looking at:

• –  How will the plan be implemented?
• –  Will the plan work ?
• –  What are the possible challenges in implementing the plan?
• –  Do you have a contingency plan to offset any potential obstacles?
• –  How does the company compare with other companies in the industry ? Is first

in class or a follower, is one particular company in the sector in a better position than the other to confront the staffing challenges of the future and why and what can we learn from them and imitate ?

• –  Outline other possibilities such as Mergers and Acquisitions or Outsourcing etc. as a possible solution to solving the gap.
• –  How to they give the company competitive advantage ? how do they contribute to organizational performance and success ? how does the company compare with others in the sector ? who is best in class ?
• –  How does it link back to what the literature says about such core concepts in SHRM Planning as turnover rates etc.
• –  You need to ask yourself the difficult questions about the plan as your Manager will also ask them and you need answers.

Section 6: Conclusion (250 words)

• Key takeaways
• References/Bibliography (at least 6 references)