Hi guys,
This is my first instance in this forum. I have been entrusted with a project from my friend, who in turn was given it by his cousin as he could not make head or tail of it. Neither can I. Could anyone help me with this assignment? I'll be grateful for the assistance.
I am attaching the assignment with this post. Though it has 4 units, I am attaching the 1st unit. Please guide me on this quickly as I am running out of time. I'll be grateful to you.
From India, Hyderabad
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This is my first instance in this forum. I have been entrusted with a project from my friend, who in turn was given it by his cousin as he could not make head or tail of it. Neither can I. Could anyone help me with this assignment? I'll be grateful for the assistance.
I am attaching the assignment with this post. Though it has 4 units, I am attaching the 1st unit. Please guide me on this quickly as I am running out of time. I'll be grateful to you.
From India, Hyderabad
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Okay, this is what I think. For 1, it's a usual academic project. Nonetheless, I am going to give it a shot:
1. Look up theory on the size of organization, growth, etc. Primary factors influencing size - common sense tells me are Market, ability to raise capital, short-term long-term investment, desire of the organization to grow, ability of management (a small shopkeeper may not be able to manage a chain of supermarkets even if he gets that kind of capital - actually if you can study the retail market, it will help you understand), long-term goals, manpower (Currently, it has been predicted that in the next year alone the top 6 IT companies will hire 150,000 IT engineers, and the total output of IT engineers in India is 125,000 - so lack of skilled manpower at an affordable cost can also be a reason for not being able to expand), technology, geography (small percentage) (say you want to create electricity from the sun - lucrative market - but technology does not exist that can help you do it on a large scale / say your country is very small - you would have to manufacture it elsewhere & hence Supply chain management becomes important) & finally political environment (see guru - The Parsi community had the license & no one wanted to entertain the outsider Gujarati) & economics - If expanding costs more money than it can yield for - it's still a meaningless business. i.e., my marginal cost and marginal cost must at least break even - (see the law of price fixation in economics).
I have told you this off the cuff - speak to the higher-level managers of your organization & ask them regarding what are their thoughts.
2. Personnel functions handle the manpower - actually here you can sing the entire permanent or temporary staff raga & how HR function plays a key role in managing costs.
3. For the role of HR - you will have to talk about how HR will arrive at the number required to support this expansion or contraction & how it plans to add or reduce manpower with the least impact. HR to person ratio, communication of expansion or contraction, What culture would it like to have & how to create that culture - Also HR could work with the technology people & look at what all can be automated to reduce employee costs, time & create a more effective manpower time usage.
4. HR will also play a key role in organizing - i.e., org structure required to support the size of the organization - All hiring must be according to the hiring plan & org structure.
5. For factors affecting HR plan - again budget, manpower sanctioned, HR staff, quality of HR staff, Industry & very importantly the quality of the people at the top - a Marwadi company owner vis-a-vis an MNC culture even if it's of the same size.
I hope this helped.
Regards,
A
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11. Look up theory on the size of organization, growth, etc. Primary factors influencing size - common sense tells me are Market, ability to raise capital, short-term long-term investment, desire of the organization to grow, ability of management (a small shopkeeper may not be able to manage a chain of supermarkets even if he gets that kind of capital - actually if you can study the retail market, it will help you understand), long-term goals, manpower (Currently, it has been predicted that in the next year alone the top 6 IT companies will hire 150,000 IT engineers, and the total output of IT engineers in India is 125,000 - so lack of skilled manpower at an affordable cost can also be a reason for not being able to expand), technology, geography (small percentage) (say you want to create electricity from the sun - lucrative market - but technology does not exist that can help you do it on a large scale / say your country is very small - you would have to manufacture it elsewhere & hence Supply chain management becomes important) & finally political environment (see guru - The Parsi community had the license & no one wanted to entertain the outsider Gujarati) & economics - If expanding costs more money than it can yield for - it's still a meaningless business. i.e., my marginal cost and marginal cost must at least break even - (see the law of price fixation in economics).
I have told you this off the cuff - speak to the higher-level managers of your organization & ask them regarding what are their thoughts.
2. Personnel functions handle the manpower - actually here you can sing the entire permanent or temporary staff raga & how HR function plays a key role in managing costs.
3. For the role of HR - you will have to talk about how HR will arrive at the number required to support this expansion or contraction & how it plans to add or reduce manpower with the least impact. HR to person ratio, communication of expansion or contraction, What culture would it like to have & how to create that culture - Also HR could work with the technology people & look at what all can be automated to reduce employee costs, time & create a more effective manpower time usage.
4. HR will also play a key role in organizing - i.e., org structure required to support the size of the organization - All hiring must be according to the hiring plan & org structure.
5. For factors affecting HR plan - again budget, manpower sanctioned, HR staff, quality of HR staff, Industry & very importantly the quality of the people at the top - a Marwadi company owner vis-a-vis an MNC culture even if it's of the same size.
I hope this helped.
Regards,
A
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