Designing an HR Plan

Your company has recently approved a 3-year strategic plan (2021-2024) to guide its operations into the future. The company projects in the plan to increase production by 100% within the first year. However, it is projected that due to intense competition, production will decrease by 30% in the 2nd year and a further reduction of 10% in the 3rdyear. The companys current headcount is 300 permanent employees and additional 100 fixed term contract employees. In recent times, the Engineering department of the company is finding it difficult to recruit engineers to support its operations

Questions

1. Name your company. Design a three-year HR plan for your company based on the above scenario.

2. Explain four (4) HR strategies you will adopt to address any labour surplus or deficit that will occur based on your HR Plan.

3. Analyse as well as evaluate any three (3) contemporary issues that can affect your HR Plan for the three year period.