Milestone One -
In today's global economy, both small and large multinational organizations and government entities are experiencing formidable changes in the business environment that demands strategic management of the talent within the organization. Strategic leadership of human resources is not solely a human resources departmental function; all organizational leaders must understand how the company's most competitive advantage, its people, provides creative solutions to sustain and grow the business.
The purpose of this assessment is to foster the importance of the interrelationship between human resources, business knowledge, and management and develop appropriate skills to help navigate between these three aspects of business.
In this assignment, you will analyze a company (WeaveTech) within a case study (WeaveTech: High Performance Change) in order to develop a proposal. You will have to consider the important aspects of the company within the case study when formulating the proposal. When developing your proposal, ensure that all elements align with the mission, vision, and goals of the organization. Be sure to support your proposal with appropriate scholarly sources.
For Milestone One, you will prepare a draft of your three-year strategic and workforce plan for WeaveTech, which will include business metrics that will be used to measure the achievement of the organization's strategic goals and objectives and a workforce plan.
The resources that support this milestone include the WeaveTech Case Study, Using the Balanced Scorecard as a Strategic Management System. This case study is available as part of your custom e-text and is listed at the end of the text, under the heading "Harvard Business Case Studies".
Your plan should contain all of the elements for Section I of your final project, including all of those listed below.
Begin by analyzing WeaveTech using the following guiding questions for your analysis. Then, once your analysis has been completed, draft a three-year human resources strategic and workforce plan that thoroughly covers each of the critical elements listed in A through D below the guiding questions.
1. What are the strategic challenges and opportunities facing WeaveTech?
2. What are the strategic objectives set by WeaveTech's leadership?
3. What performance metrics should be used to track the success of organizational goals and initiatives?
4. Based on the strategic objectives identified, what workforce plans are needed at WeaveTech?
5. What internal and external information did you use to develop your plan?
6. What legal and regulatory issues might impact your workforce plan?
7. How can the legal risks associated with your plan be mitigated?
Specifically, the following critical elements must be addressed:
I. Strategic and Workforce Plan: In this part of the assessment, you will devise a three-year human resources plan for this organization.
A. Develop business metrics that will be used to measure the achievement of the organization's strategic goals and objectives-for example, key performance indicators or scorecards.
B. Develop your workforce plan, considering the organizational approach to human resources operations. You could consider including the following: sourcing, recruitment, hiring, orientation, talent management, succession planning, retention, and organizational exit strategies.
C. Provide examples from the case study of the internal and external information related to organizational operations you used to develop the organization's workforce plan.
D. Evaluate how your developed workforce plan complies with federal laws and regulations. In other words, are there any concerns about compliance issues?
Milestone Two -
For your final project, you will analyze the WeaveTech: High Performance Change case study in order to develop a proposal. You will have to consider the important aspects of the company within the case study when formulating the proposal. When developing your proposal, make sure that all elements align with the mission, vision, and goals of the organization. Be sure to support your proposal with appropriate scholarly sources.
For Milestone Two, you will develop a draft of a performance management system and total rewards plan for WeaveTech. You must consider individual employee and organizational needs as well as federal laws and regulations in the development of your performance management plan. In addition to the performance management plan, you will devise a total rewards system and compensation and benefit strategies that are appropriate for the organization. At this point, you should be considering the implementation of self-service technologies at WeaveTech and preparing a message to stakeholders on issues regarding self-service technologies as they relate to benefit programs.
The resources that support this milestone include the WeaveTech Case Study, Why Incentive Plans Cannot Work. This case study is available as part of your custom e-text and is listed at the end of the text, under the heading "Harvard Business Case Studies".
Your submission should contain all of the elements for Section II of your final product, including all of those listed below. Your instructor will grade your submission using the rubric below and will provide feedback to be applied to the final project.
Begin by using the following guiding questions for your analysis. Then, once your analysis has been completed, draft a performance management system and total rewards plan that thoroughly covers each of the critical elements listed in A through F below the guiding questions.
1. Based on the data presented in Exhibit 5 in the WeaveTech case study, what are some of the potential flaws with the performance management system at WeaveTech?
2. How would you change the performance management system to enhance the organization's strategy, mission, and support for employees?
3. How can the performance management system best enable the workforce to meet individual and organizational goals?
4. What performance appraisal methods could be applicable to this organization?
5. What are some of the legal and regulatory issues to consider in regard to the performance management methods?
6. How can WeaveTech use its total rewards programs to encourage proper behavior and reward employees?
7. How can self-service technologies be used by WeaveTech to communicate to stakeholders and enhance the strategic focus of human resources?
Specifically, the following critical elements must be addressed:
II. Performance Management Systems and Total Rewards: In this part of the assessment, you will develop a performance management system and total rewards plan for this organization.
A. Develop a performance management system designed to enhance the organization's strategic mission of quality support for employees.
B. Evaluate how your developed performance management system complies with federal laws and regulations. In other words, are there any concerns about compliance issues?
C. Evaluate how your developed performance management system enables the workforce of the company to meet individual and organizational needs now and in the future.
D. Determine appropriate performance appraisal methods that could be applicable to this organization. In other words, what method do you propose, how does it relate to compensation, and so on.
E. Develop a total reward system that encourages proper behavior and rewards appropriate employees.
F. Develop compensation and benefit strategies to include job evaluation strategies, pay programs (variable or merit), and benefit programs.
Explain how you would communicate to appropriate stakeholders issues regarding self-service technologies as they relates to benefit programs.
In other words, how would you write a memorandum or other appropriate message to stakeholders on issues regarding self-service technologies as it relates to benefit programs?
Attachment:- weavetech.rar