We MergedNow What Earlier this month your company a running

We Merged…Now What?

Earlier this month, your company, a running equipment designer and manufacturer called Runners Paradise, merged with a smaller clothing design company called ActiveLeak. Your company initiated the buyout because of the excellent design team at ActiveLeak and their brand recognition, specifically for their MP3-integrated running shorts. Runners Paradise has thirty-five employees and ActiveLeak has ten employees. At ActiveLeak, the owner, who often was too busy doing other tasks, handled the HRM roles. As a result, ActiveLeak has no strategic plan, and you are wondering if you should develop a strategic plan, given this change. Here are the things you have accomplished so far:

Reviewed compensation and adjusted salaries for the sake of fairness. Communicated this to all affected employees.

Developed job requirements for current and new jobs.

Had each old and new employee fill out a skills inventory Excel document, which has been merged into a database.

From this point, you are not sure what to do to fully integrate the new organization.

Why should you develop an HRM strategic plan?

Which components of your HR plan will you have to change?

What additional information would you need to create an action plan for these changes?

Solution

Why should you develop an HRM strategic plan?

Ans:

A Human Resource Strategic Planning is a key element in the achieving organisational goals and overall strategic objectives. Human resources strategy look at the direction in which the organisation is moving and plan for future manpower requirement based on future skills requirement. A comprehensive HRM Strategic Plan will also look to find people who fits into culture of the company and believes in organization’s values.

Which components of your HR plan will you have to change?

Ans

Following component of HR plan need to change:

HR plan need to include rules, criteria and guideline for performance appraisal, promotion, careers progression. It also need to address how the company should handle poor performance.

Training and development is important part of any successful organization. It helps employees to acquire skills that would be need for growth of the company. It also help employees to achieve their career goal and fuel their career progression which result in high employee satisfaction

As a company grow it need to show more staff commitments and invest in wellbeing of employees not only at the office but also in their personal life. It need to set rules and guide line for employee welfare, address any grievance and dispute resolution. HRM strategic planning should aim to develop a good working environment so employees can work freely knowing everything else have been taken care of.

What additional information would you need to create an action plan for these changes?

Ans

To create an action plan we would require information regarding mission and vision of the organization.