Chat with us, powered by LiveChat Create ?a PowerPoint presentation (due in Week 8) based on your Key Assignment, ?Strategic HR Plan (submitted in Week 7). The presentation should have ?an introduction page as wel - Writeden

 

Please use attachment from week 7 assignment as guidance only

Create  a PowerPoint presentation (due in Week 8) based on your Key Assignment,  Strategic HR Plan (submitted in Week 7). The presentation should have  an introduction page as well as a reference page at the end. You should  have no more than 25-30 words on each slide. Use bullet points or short  phrases. Take full advantage of the notes section and remember to cite  your sources. The speaker notes may be comprised of brief paragraphs or bulleted lists.

ACTION:

  1. Please submit your final Presentation (by Sunday) in the Week 8 Assignment Submission Box

Length: 10-12 slides (with a separate cover slide, agenda slide, and reference slide)

Notes Length: 100-150 words for each slide.

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Creation and Implementation of an Effective Recruiting and Retention Program to Enhance the Quality of Employees and Management within the Organization

Angie Evans

APUS

June 23, 2024

Table of Contents

Table of Contents 2 I. Introduction 3 II. Problem Statement 3 Background of the Problem 4 Facts 4 Review of Current Practices 5 Strategic Plan for Change 6 Strategic Implementation of the Changes 7 Phase 1 7 Phase 2 7 Phase 3 7 Phase 4 8 Phase 5 8 Final Recommendations and Possible Outcomes 8 Recommendations 8 Possible Outcomes 8 Summary/Conclusion 9 References 10

Creation and Implementation of an Effective Recruiting and Retention Program to Enhance the Quality of Employees and Management within the Organization

I. Introduction

Every company needs an effective recruiting and retention program. Such a program is proper since it enhances the employees’ qualities and improves management of an organization. In today's competitive business environment, the success of an organization heavily depends on its ability to attract and retain talented individuals who can drive innovation and efficiency. An effective program ensures that the organization not only brings in highly skilled employees but also keeps them engaged and committed over the long term. A well-structured program is integral to aligning human resources with a company's corporate strategy. When this gets done, the organization can create a workforce that is not only competent and motivated but also aligned with the organizational goals and culture. It will then be possible to achieve long-term success and promote competitive performance as diverse activities will be implemented to support organizational development. The creation of a program is highly imperative to enhance employee quality and management of an organization, as it shall be possible to align HR practices with a corporate strategy for an organization to achieve its goals and maintain a competitive edge.

II. Problem Statement

The problem that the company is facing currently is significant challenges as it tries to attract and retain high-quality employees and management. All the challenges are critical as they directly hamper organizational performance and impede the ability to meet strategic objectives. The challenges include high turnover rates, prolonged vacancies, and the inability to attract top talent, all of which lead to increased costs for recruitment and training, change in productivity, and possible loss of organizational knowledge. All these create a disruptive environment that affects not only the workforce but also the overall operational effectiveness of an organization. As a result, it is highly imperative to research and implement effective recruiting and retention strategies to address the problem. A strategic HR (human resource) plan is proper for the organization to enhance its ability to attract and retain talented individuals and then it shall foster a competitive advantage that promotes sustainable growth and success.

Background of the Problem

All organizations need to recruit and retain top talent to attain success but many of them struggle with high employee turnover rates and difficulties to attract qualified candidates. When high turnover rates occur, the outcome causes increased costs for hiring and training new employees, and then an extended transition period occurs that reduces productivity. An organization can also be affected by skill gaps that hinder its ability to perform effectively. These issues can disrupt workflows, diminish organizational knowledge, and negatively impact employee morale and engagement. It is essential to understand their root causes in order to develop strategic solutions. Factors like lack of competitive compensation and benefits, poor organizational culture, limited career development opportunities, and ineffective onboarding processes are all contributors to high turnover rates and recruitment challenges.

Facts

According to the “Society for Human Resource Management (SHRM)”, organizations spend approximately $4,129 to hire a new employee and the minimum period to fill a position is 42 days (Yu, 2019). The costs are due to advertising, interviewing, and onboarding. There can be even more indirect costs due to lost productivity, decreased morale among remaining employees, and potential loss of organizational knowledge.

Review of Current Practices

According to the SHRM, effective recruitment involves building a strong employer brand, leverage of technology for talent acquisition, and use of data analytics to enhance decision-making (Apascaritei & Elvira, 2022). Traditional methods such as job fairs and campus recruitment need to be complemented by digital platforms like LinkedIn and Glassdoor that broaden the reach of an organization and improve the quality of candidate pools. Without a proper human resource management structure, an organization will not operate well. A comprehensive and strategic HR plan is required so that an organization can build a robust and capable workforce that is aligned with its strategic goals. An effective strategy needs to include initiatives that enhance the employer brand, improve employee engagement, offer competitive compensation and benefits, and promote continuous professional development opportunities (Apascaritei & Elvira, 2022). Through diverse efforts, an organization can create an environment that attracts and retains high-quality employees and management, which then drives organizational success.

Employee retention strategies focus on employee engagement, competitive compensation, and opportunities for career development (Xuecheng et al., 2022). Companies like Google and Zappos have been successful in the creation of a positive organizational culture that values employees and this then leads to higher retention rates (Patel, 2023). Such companies experience better performance due to engagement initiatives like regular feedback, recognition programs, and professional development sessions (Xuecheng et al., 2022). If an organization had a lack of qualified management, the outcome would be poor decision-making and strategic misalignment. For instance, if a department head leaves and gets replaced by an inexperienced manager, it can result in ineffective leadership, poor team morale, and decisions that do not align with the organization's strategic goals. As a result, employee retention strategies need to be addressed effectively so that different departments will not experience any inefficiencies or a decline in overall performance.

Strategic Plan for Change

To address the issues of employee management, an organization needs to implement a comprehensive strategic HR plan that includes different components. First, the development of a strong brand that communicates an organization’s culture is proper for growth. Companies like Google have created compelling employer brands that attract top talent through their emphasis on innovation, career development, and employee well-being (Gandasari et al., 2024). Second, the use of advanced recruitment software and AI-driven tools is proper to identify and attract the best candidates efficiently. Automated applicant tracking systems (ATS) and AI-based resume screening tools can streamline the hiring process and ensure that high-quality candidates are not overlooked. Third, it is imperative to create comprehensive onboarding programs that ensures new hires get included well into an organization since to improve employee retention and productivity. For example, Zappos' immersive onboarding experience helps new employees understand the company culture and their role within it (Patel, 2023).

Fourth, it is proper to foster a positive organizational culture that builds a supportive and inclusive work environment that values employee contributions and encourages collaboration. Companies with strong, positive cultures, like that of Zappos, have demonstrated lower turnover rates and higher employee satisfaction (Patel, 2023). Fifth, an organization needs to ensure that its compensation packages are competitive compared to other organizations in its industry. When this gets done, the existent benefits will cater to the diverse needs of employees, like salaries, health benefits, retirement plans, and other benefits that enhance the overall employment package. Sixth, the provision of career development opportunities is proper since the employees will experience continuous learning and development programs to help them advance their careers within the organization. Exact sessions include training, mentorship, and career progression paths that can significantly boost employee retention.

Strategic Implementation of the Changes

It is proper to implement the HR plan in a phased approach that shall facilitate smooth transitions and practical integration.

Phase 1

Assessment and planning. Here, the proper process is to conduct a thorough evaluation of current HR practices and identify gaps. As a result, it shall be possible to develop a detailed implementation plan with clear timelines, responsibilities, and resource allocations.

Phase 2

Branding and recruitment. Here, the plan is to launch a comprehensive employer branding campaign that uses advanced recruitment tools and technologies. It will then be possible to train HR staff on new recruitment strategies and tools.

Phase 3

Onboarding and building a culture. Here, the plan is to design and implement a robust onboarding program. It is proper to use team-building exercises and employee engagement initiatives as they serve a great purpose.

Phase 4

Compensation and career development. Here, the plan is to review and adjust compensation packages to ensure competitiveness. It will then be possible to develop and launch career development programs like training workshops and mentorship opportunities.

Phase 5

Monitoring and evaluation. Here, the direction is to establish metrics to monitor the effectiveness of the implemented strategies. It shall be possible to facilitate regular reviews and adjust strategies based on feedback and performance data.

Final Recommendations and Possible Outcomes

Recommendations

The organization needs to implement continuous improvement through regular reviews and updates of its recruiting and retention strategies. The improvements should be based on market trends and employee feedback. The second recommendation is the improvement of employee involvement in decision-making processes related to HR policies. Such a process will ensure their needs and preferences get addressed. Third, leadership commitment is proper to facilitate commitment and active support to strategic HR operations. All the recommendations integrate effective measures to develop a strong brand for an organization that then attracts top talent, implement robust onboarding processes to integrate new employees into an existent culture and offer career development programs to retain employees.

Possible Outcomes

The best-case scenario for the plan is the organization successfully attracts and retains high-quality employees. When this occurs, it will lead to increased productivity, higher employee satisfaction, and a stronger competitive position in the market. Their outcome will enhance employee engagement and reduce turnover, which will contribute to a positive organizational culture and sustained business growth overall. The worst-case scenario is if the strategies are not effectively implemented or supported by leadership, the organization may continue to face high turnover rates, skill gaps, and decreased productivity. A result of this shall be financial loss, poor service delivery, and reduced customer satisfaction.

Summary/Conclusion

The process to create and implement a program is proper since it enhances employee quality and management within an organization. Through management of existent challenges and strategically aligning HR practices with corporate goals, an organization can build a competent and motivated workforce. When this gets done, it will drive organizational success, which then sets the organization at a high level within the market. Implementation of a comprehensive strategic HR plan will enable the organization to attract top talent, reduce turnover, and foster a positive and productive work environment.

Restatement of Thesis

The creation of a program is highly imperative to enhance employee quality and management of an organization, as it shall be possible to align HR practices with corporate strategy for an organization to achieve its goals and maintain a competitive edge.

References

Apascaritei, P., & Elvira, M. M. (2022). Dynamizing human resources: An integrative review of SHRM and dynamic capabilities research. Human Resource Management Review, 32(4), 100878. https://doi.org/10.1016/j.hrmr.2021.100878

Gandasari, D., Tjahjana, D., Dwidienawati, D., & Ichsan, M. (2024). How to attract talents? The role of CSR, employer brand, benefits and career development. Cogent Business & Management, 11(1). https://doi.org/10.1080/23311975.2024.2323774

Patel, S. (2023). 10 Excellent Company Culture Examples For Inspiration. https://www.entrepreneur.com/growing-a-business/10-examples-of-companies-with-fantastic-cultures/249174

Xuecheng, W., Iqbal, Q., & Saina, B. (2022). Factors Affecting Employee’s Retention: Integration of Situational Leadership With Social Exchange Theory. Frontiers in Psychology, 13. https://doi.org/10.3389/fpsyg.2022.872105

Yu, J. (2019). Calculating the True Cost to Hire Employees. https://www.adp.com/spark/articles/2019/07/calculating-the-true-cost-to-hire-employees.aspx#:~:text=Costs%20to%20Hire%20and%20Train,job%20role%20and%20salary%20range.