Global Staffing Strategies A rational and practical approach to recruitment in an organization is offered when using staffing strategies to guarantee the effective association connecting strategic and human resources planning, which mirrors the company’s values and vision. The organizations goals influence the staffing strategy, which in turn influences the outcome. The staffing strategy provides the outline for key decisions regarding staffing the company, and a framework for all human resources policies and programs. This paper will illustrate a staffing strategy designed for Ben Franklin Financial during the acquisition of NorAm Life, headquartered in Edmonton, Canada. The staff meeting held to discuss the transition, with the associates …show more content…
Ben Franklin Financial has been providing consumers with a full range of financial services for the last 150 years. The company has evolved a great deal over the years and currently provides 401k plans, 529 college savings plans, and mutual funds. Our 401k plan consultants and financial advisors help to design a retirement plan specifically suited to meet each customer’s needs. The 529 college savings plan is a multi-managed platform supported by several investment professionals. We offer four investment strategies with 20 investment options. Our mutual funds are also professionally managed investments, offering diversification, and liquidity. We have 10 independent investment management leaders. Over the years we have improved our product line and enhanced our knowledge and expertise in the financial plans we offer to ensure we have the best products and investments available. Over the past year the state of the economy has created a need for Ben Franklin Financial to examine our current strategy. The decision to acquire NorAm Life, and do business under the company name of Ben Franklin Financial has been made official. NorAm Life will bring many new products and solutions to our current product …show more content…
To be successful we have devised a staffing strategy to make sure we have the most experienced, educated, and qualified team possible to assist our customers. This meeting will explain in detail the steps of the staffing strategy and the timeline in which you can expect the steps to occur. I want you all to know what to expect when, and I plan to answer all of your questions during this
Founded in 1991, Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection molding. With a current total workforce around three hundred employees and a turnover rate that increased from 3.7% in 2002 to 8.8% in 2004, it is obvious that Riordan's three recruiting team members are very busy. This paper will evaluate the staffing strategies currently used by Riordan's recruiters for efficiency and legal compliance. In addition, the paper will consider what staffing needs Riordan may have in the future to determine if their current strategies can be used or if they will need to evolve based on the growth of the company.
In 1984, Mansueto founded Morningstar Inc., which provides independent investment research to individuals, financial advisors, and institutional advisors(Ferrell, Ferrell, & Hirt, 2015). Although they provide these services to financial and institutional advisors, their main focus is on individual investors. Mansueto found that the average investor often finds investing very confusing because there are a wide variety of investment choices. There are three types of investment choices: mutual funds, stocks, and bonds. Each of these three types of investment have thousands of options for investors to choose. A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term
(Advanced Auto Parts, 2016) The company's idea of making their stores successful begins by providing knowledgeable and friendly staff to help make the customer's shopping experience as fast and as pleasurable as possible. The staff receives the education and experience they need to help the company thrive in the market. The better the staff is at their job and the more knowledge they have to do the job, the more profitable the company can be. This is one step in following the mission of the business and helping to expand the
As the newly promoted manager for Morningstar, Inc. and with the agency considering dropping stocks and bonds and focusing solely on mutual funds, I would have to think about the prospect of this venture and do some research of the agencies financial status in order to be able to thoroughly analyze this undertaking.
Many practice and organizational changes require staff to think in new ways, to engage in new behaviors, and to form new relationships within the
More and more organizations understand that human resources are their most important assets.. As everyone wants to get the best people for their organisations, the hiring department has to spend a lot of time in finding and hiring the right person(). There are many factors we have to consider when making a hiring plan. A well defined job description in relation to the actual needs of the particular division is very important. Participation of the management and related team members is highly recommended.
This particular case is centered around the Human Resources strategy that was implemented by Johnson & Johnson in 1997. This strategy includes many key aspects of corporate culture, leadership and global strategy integrated into one single global human resources program. This program allowed Johnson & Johnson to diversify their current employees, raise the standards for future employees, redefine the standards of leadership within J&J and improve global management overall.
As such, they found it important to centralize the staffing initiative in order to maintain the unique corporate culture created in the beginning. Every one of these strategies would be focused on centralizing staffing, bringing in the best possible employees, and retaining each on a high level. Human Resource and Staffing Strategy When developing a strong and scalable human resource and staffing strategy, taking many factors into account is of the utmost importance. As reported by Olian and Rynes (1984) “the possibility that organizational characteristics like structure, size, and strategy may influence staffing” (p. 170).
Lengnick-Hall M.L.; Lengnick-Hall, C.A.; Andrade, L.S.; Drake, B. 2009. “Strategic human resource management: The evolution of the field.” Human Resource Management Review, 19, pp. 64-85.
Our job is to train the wait staff to help improve profits by encouraging customers to purchase the following items: cocktails
Profile A highly qualified, results-oriented professional with over 20 years of extensive experience in Reception/Customer Service. Throughout the course of my career, I have steadily acquired core skills and capabilities that are readily transferable to any Reception/ Administrative role. I have been consistently recognised for my ability to handle multiple challenges effectively as well as adapting immediately to dynamic work environments and embracing technological advancements. As a dedicated and self-motivating employee, I am committed to seeking challenging roles where I can firmly establish myself as an integral part of organisational operations. Skills and Attributes • Solid organisational, administrative and management skills;
Strategic workforce planning is the first component of human resources management (HRM) from which all other HR activities are derived from and flow out of. It is based on anticipated HR requirements from the perspective of the present HR environment. This requires a proactive posture, analyzing internal and external factors, to determine the most appropriate responses to future needs. Additionally, when formulating long-term proactive plans, an element of flexibility must be
According to our textbook Human Resource Management (HRM) is the policies, practices, and systems that influence employees’ behavior, attitudes, and performance. “The human resources management process involves planning for, attracting, developing, and retaining employees as the HRM planning provides the rights kinds of people, in the right quantity, with the right skills, at the right time (Lussier, 2012, p. 240).” According to our textbook the typical responsibilities of the Human Resources department fall into three categories, and they are administrative services and transaction, which handle hiring employees. The second involves business partner services that focus on attracting, evolving, retaining employees by having a clear understanding
Early exposure inspires big dream. My experiences of managing my monthly scholarship allowances had confirmed my interest in finance and my goal to become a fund manager. After successfully made a huge return from my early investment, my family decided to loan me more money to invest in stock market and some other assets classes such as bond and m...
...greater number of people in an economic, efficient, and effective manner. This paper has provided a background and understanding of employment recruiting, the styles, methods, and tools available to allow customization of interviewing methods applicable to the situation or needs of the organization or project. An overview of the creative large scaled employee recruitment project Borgata Hotel and Casino notably made history and a study of best practices in employee hiring, recruiting and interviewing process that enhances corporate strategy.