Fluent Essays

There are two parts-1. 1500 words summary report  2.PowerPoint explaining the same. Instructions are attached below. WWW.YORKVILLEU.CA HR Plan: Parts 1 and 2 Description This assignment will use the readings and discussions as a base for an individual assignment where students will play the role of an HR professional and will develop an HR plan for a franchise owner. They will apply HR Planning knowledge to forecast demand and supply and then develop a clear plan to address the resulting labour shortage or surplus. · Students will conduct research and apply labour supply and demand forecasting concepts and techniques they learned to create this HR plan. Students will then write an executive summary business report which documents the results of their research and their HR plan including (but not limited to) addressing the case questions in the textbook. Your executive summary report must be a Word document (Maximum of 1500 words, excluding cover page and references page, APA standards). · Students will also complete a video recorded 10-minute presentation which logically documents the results of their research and their HR plans to be presented to the franchise owner. The presentation will provide the owner with a high-level summary of the management report, rationale for action, and the recommended HR plan. The presentation must be (8-10 PowerPoint slides, 12-point font excluding cover page and references page). · Part 1: the executive summary report is due on Sunday of Unit 10 and worth 10% of final grade · Part 2: the PowerPoint presentation is due on Sunday of Unit 10 and worth 8% of final grade Late Submission Policy · This assignment is subject to the Late Submission penalty policy, namely 5% per day for three days. · This page will close and will not allow further submissions after this Late Submission period has expired. · In the event of an emergency preventing you from submitting within this time frame, special permission must be obtained from your instructor. Documentation substantiating emergency is required. In such a circumstance, if the extension is granted, the professor will reopen the submission function for you on an individual basis. · Please do not email your submissions to your professor, either before or after the due date; all coursework should be submitted through the online course (Moodle). Objective of Assignment Analyze human resources demand to create a forecast using quantitative and qualitative techniques. Use strategies to forecast internal human resources supply. Create a human resources plan and describe ways to deal with a human resources surplus and/or shortage. Develop business communication skills (written and verbal). Required Materials Dessler, G., & Chhinzer, N. (2020). Human resources management in Canada (14th Canadian ed.).  Pearson Canada Inc.  ISBN-13: 978-0-13-485619-3 Chapter 5 Case Incident on page 129 Instructions Part 1 Conduct research in order to get information to address the following questions (# 1 and 2) from page 129 of the course textbook. Ensure you use some of the qualitative and quantitative techniques described in the course textbook to help formulate your answers. Include at least two scholarly sources. a. Using your HR planning expertise, forecast the demand of labour in the stores and the online environment over the next three years. b. Assuming an annual 15 percent turnover level of in-store workers and a 30 percent turnover level of online-focussed employees, determine overall HR supply estimates over the next three years. c. Report the number of employees that will be surplus or shortages for each part of the business and for each year. d. Report the numbers of any employees that will need to be terminated each year and the services that should be provided for them. e. Additionally, provide some suggestions of activities you could engage in to determine supply details by internal vs. external candidates. 1. You are to gather the information and write a business report which documents the results of your research above and presents it in a logical manner for senior management of the franchise. a. Your report must be concise (Maximum of 2000 words, double spaced, 12-point font excluding cover page and references page). b. It must be well-written, but in lay terms so anyone can fully understand your reasoning. Follow APA format and include a proper introduction that clearly outlines the purpose and flow of the essay, and a strong conclusion are important elements. c. You must also provide a properly cited reference page at the end of the report to support any of your conclusions. d. You must also provide appropriate academic references (minimum 2) to support your conclusions or recommendations to the owner. They should be vetted journal articles and company prospectus information rather than Internet sources. e. Remember, your objective is to provide an analysis on the labour forecast and turnover for the franchise owner, not simply to answer a series of questions. The questions are to help you focus your research. Your overall grade will reflect the strength of your analysis. Use the research sources that you found in Part 1 in order to get information to address the following questions: a. Do you forecast a labour shortage or surplus? b. Develop a clear plan to help address the forecast labour shortage or surplus. NOTE: your plan will need to include three strategies that focus on at least two of the following areas of HR: Training, Career Development, Total Rewards, and Turnover Management. Part 2 2. You are to complete a 10-minute presentation which documents the results of your research above and presents it in a logical manner for the franchise owner. Your presentation will provide the owner with a high-level summary of the management report, rationale for action, and the recommended HR plan. a. Your presentation must be concise (8-10 narrated PowerPoint slides, 12-point font excluding cover page and references page). For instructions on how to add narration to your PowerPoint, please do an Internet search remembering to include the version of PowerPoint you are using. b. It must well-written, but in lay terms. Follow APA format and include a proper introduction that clearly outlines the purpose and flow of the presentation, as well as a strong conclusion. c. Avoid using Wikipedia or other online resources that do not have a strict editorial process. (NOTE: It is said that at any given time, over 80% of information on Wikipedia is true, but we do not know which 20% is not. Tips for Uploading the PowerPoint Presentation When you upload this assignment there is a maximum file size of 50Mb, so if your file is larger than that, you will need to upload your file to a cloud-based storage site, then create a word document containing a link to the uploaded file.  Evaluation ACTIVITY/COMPETENCIES DEMONSTRATED % of Final Grade Part 2. HR Plan PPT presentation (8%) A. Content (50%) a. Requested aspects of the HR plan have been included and described adequately /20 b. Research sources are valid and robust /20 c. Recommendations are supported by text, and supported by external sources /10 B. Communication (30%) a. Uses clear language (verbal and written), with topic-specific terminology used correctly and effectively /10 b. Information organized intelligently and holistically (i.e., not simply answers to questions) /10 c. Proper introduction and conclusion to paper and presentation incorporated /10 C. Attention to Detail (20%) a. APA formatting (title, headings, and references) applied accurately /10 b. No errors in spelling, grammar, and sentence structure /10 Total Grade /100 ACTIVITY/COMPETENCIES DEMONSTRATED % of Final Grade Part 1. HR plan executive summary report (10%) A. Content (50%) a. Requested aspects of the forecast and turnover analysis have been included and described adequately /20 b. Analysis includes reference to at least two academic references /10 b. Conclusions supported by text, and supported by external sources /20 B. Communication (approx. 30%) a. Uses clear language, with topic-specific terminology used correctly and effectively /10 b. Information organized intelligently and holistically (i.e., not simply answers to questions) /10 c. Proper introduction and conclusion to paper incorporated /10 C. Attention to Detail (approx. 20%) a. APA formatting (title, headings, and references) applied accurately /10 b. No errors in spelling, grammar, and sentence structure /10 BUSI 2103: Human Resource Management and Development 1 2 Introduction- To begin with, online shopping has become common these days about which the elders might have never thought about it, especially the use of technology becoming this common. So, with this, we do for sure have many advantages and the major one being that an individual is able to save a lot of their time by ordering just by sitting home and they will eventually get their products delivered to their doorstep (Wertz, 2018). Moreover, it has also increased the employment opportunities in this sector since it increases a lot of job opportunities with it. However, there are a lot of disadvantages too such as quite the opposite of the advantage that it might be increasing the employment opportunity in this sector since people have started working remotely a lot recently, but it has also snatched many other employment opportunities for those who were working in the offline sector (Thompson, 2020). Therefore, in this report, I would be discussing about the Human Resources case I have been provided with, along with the forecasts of the human resource supply for the next three years for the same store. I would also be talking about the shortage, or the surplus of the employees based on the forecasted labor supply along with my suggestions of activities to engage in order to determine the supply details by internal and external candidates. Case Background- The case I am assigned is about a successful franchise store who has been running a sports goods chain business and has been able to notice the effects of the use of technology. He has been able to observe these effects in the sales since he has been receiving more and more online order and lesser sales in each of the three retail stores. Moreover, the information regarding the employees and the annual revenue has also been provided such as that in each of the three stores, a store manager is needed, an assistant manager along with 5 department managers and 20 customer service representatives. The annual average revenue from each of the store is $1,200,000. However, they have been noticing a 20% sales decrease. While in the online store, the owner has been able to handle it with the help of only 5 representatives working full time. Last year, the revenues from online sales were $300,000 with an increasing trend in sales with an estimate of 30% sales increase. Moreover, the owner wants to maintain the productivity of each employee which can be explained as revenue generated by per employee. He also believes that there is a great potential in the online business sin the coming years. Productivity- As explained earlier, productivity is basically the revenue generated per employee which can be calculated as total revenue generated by each store divided by the number of employees working (Datta et al, 2005). So, Productivity of each employee at physical stores= $1,200,000/27= $44,444.4444 per employee Productivity of each employee in online stores= $300,000/5= 60,000 per employee Hence, based on the data given the productivity of each employee is more in online sales compared to physical stores. Forecasting- Now, as we know that the owner wants to estimate the demand forecast for the human resource supply for the next three years based on the data and trend given. So, for that first we need to find the annual revenue for the next three years and then using the average productivity per employee we can calculate the number of employees needed in the next three years. · Physical Stores- So, at physical store current annual average revenue is $1,200,000 and the productivity for each employee is $44,444.4444 as calculated above and based on trend there has been a 20% decrease in sales at physical stores. So, Current year- $1,200,000 Year 1 revenue forecast- 1,200,000 – 20%= $960,000 Year 2 revenue forecast - $960,000-20%= $768,000 Year 3 revenue forecast - 768,000-20%= $614,400 Hence, employees needed in each year can be calculated by using the formula Employees needed= annual revenue/ productivity So, at physical stores- Employees needed forecast in Year 1= $960,000/$44,444.4444= 21.6= 22 Employees (Rounding up) Employees needed forecast in Year 2= $768,000/$44,444.4444= 17.28= 18 Employees (Rounding up) Employees needed forecast in Year 3= $614,400/$44,444.4444= 13.824= 14 Employees (Rounding up) Therefore, it can be clearly seen that the number of employees required based on the forecasting values, will be decreasing in the coming three years in the physical stores. · Online Store- Based on the data, the annual revenue for the last year from the online sales were $300,000 with 5 employees where the productivity of each employee is $60,000 per employee and also based on the trend data, there will be 30% increase in the sales from online stores. So, Current year- $300,000 Year 1 revenue forecast- 300,000 + 30%= $390,000 Year 2 revenue forecast - $390,000 + 30%= $507,000 Year 3 revenue forecast - 507,000 + 30%= $659,100 Hence, employees needed in each year can be calculated by using the formula Employees needed= annual revenue/ productivity So, at online store- Employees needed forecast in Year 1= $390,000/$60,000= 6.5= 7 Employees (Rounding up) Employees needed forecast in Year 2= $507,000/$60,000= 8.45= 9 Employees (Rounding up) Employees needed forecast in Year 3= $659,100/$60,000= 10.985= 11 Employees (Rounding up) Hence, from the above forecasted values, it is indicated that the employees needed in the next three years will be increasing in the next three years based on the trend. Employee Turnover- Employee Turnover basically means the measurement of the number of employees leaving the company each year (Ongori, 2007). So, since we are being given with the employee turnover ratio and that is 15% in the physical stores and 30% in online stores. The formula for calculating the number of employees is – Employee turnover Percentage= Number of employees leaving/ Number of average employees working. Therefore, using the above formula we can calculate the human resource supply in both online as well as physical stores can be estimated in the next 3 years. So, In physical Stores- Human resource supply in Year 1= 27-15%= 22.95= 23 Employees Human resource supply in Year 2= 23-15%= 19.5= 20 Employees Human resource supply in Year 3= 20-15%= 16.58= 17 Employees In Online Store- Human resource supply in Year 1= 5-30%= 3.5= 4 Employees Human resource supply in Year 2= 4-30%= 2.45= 3 Employees Human resource supply in Year 3= 3-30%= 1.75= 2 Employees Shortage/Surplus Now, since we know that there is a need of 22 employees, 18 employees and 14 employees in physical stores in year 1, Year 2 and year 3 respectively and we also have the data of the human resource supply in these years based on the employee turnover ratio and comparing the two we have surplus of the HR supply in physical stores in all the three years since we will have 23, 20 and 17 employees in year 1, year 2 and year 3 respectively. So, the number of employees that needs to be terminated in year 1 is 1, 2 in year 2 and 3 employees in 3rd year from physical stores. Moreover, in physical stores, based on the forecasted data, we know that the company need 7, 9 and 11 employees in the year 1, year 2 and year 3 respectively but we will only have 4, 3, and 2 employees in online store in the following three years. Therefore, the company will have shortage of the employees in the online store. So, the company will need to hire 3 employees in year 1, 6 employees in year 2 and 9 employees in year 3. Suggestions- After analyzing the needs of the human resource supply in the company and based on the supply details by internal and external candidates, I would suggest that the company can hire people internally instead of terminating the employees from the physical stores and hiring new employees for online store. In this the company will not only save the expenses for the termination and hiring process, but the company will also be able to get extra benefits by hiring internally since the employees who are already working in the company will have a lot mor experience about the company and the way it works which will be beneficial for the company and it will be able to retain the potential employees (Boudreau, 2010). However, they would still need to hire the people in online store based on requirements. So, the company can engage in activities such as hiring event or they can post the vacancy on their website, social media accounts or any other platform that might be useful for the company. Conclusion- To conclude, based on the data provided and the trend followed in the physical and online store since there will be an increase of 30% sales in online and 20% decrease in physical stores sales, the company will suffer from HR surplus in physical and HR supply shortage in online stores which has also been estimated using employee turnover ratio. Hence, the company can hire people internally in online stores from physical stores instead of terminating since it will be beneficial for the company. References Boudreau, J. W. (2010). Retooling HR: Using proven business tools to make better decisions about talent. Harvard Business Press. Datta, D. K., Guthrie, J. P., & Wright, P. M. (2005). Human resource management and labor productivity: does industry matter? Academy of management Journal, 48(1), 135-145. Ongori, H. (2007). A review of the literature on employee turnover. Thompson, D. (2020, August 06). The Workforce Is About to Change Dramatically. The Atlantic. Retrieved from- https://www.theatlantic.com/ideas/archive/2020/08/just-small-shift-remote-work-could-change-everything/614980/ Wertz, J. (2018, November 28). 5 Trends That Will Redefine Retail In 2019. Forbes. Retrieved from- https://www.forbes.com/sites/jiawertz/2018/11/28/5-trends-that-will-redefine-retail-in-2019/?sh=53ba66986526