Question: Draw up a three - year Strategic HRM Workforce plan for TIM HORTONS CANADA The Nature, Context and Importance of SHRM Planning including The SHRM

Draw up a three-year Strategic HRM Workforce plan for TIM HORTONS CANADA
The Nature, Context and Importance of SHRM Planning including The SHRM Planning Cycle This will include: (this should be relatively short and not too theoretical)- Briefly describing the HR Planning Process. Visual and diagrams are helpful. - The rationale and importance of HR Planning The Chosen Industry and the One Canadian Company from That Industry This will include looking at: - The industry in general in terms of characteristics and competitions and industry mapping. Who is the leader and have the biggest market share etc.? - PESTLE Analysis factors confronting the industry and in turn the one organization. - What gives each company a competitive advantage, if any etc.? Profile of each company and how they fit into the industry in terms of market share and profitability etc. The Actual SHRM Plan of the One Chosen Company HRM Strategy HRMT 623- Individual Assignment Brief 5 This will include looking at: - Their business model and their overall business strategy, goals and mission and how SHRM is aligned to them. Their resources especially if any unique resources which gives them competitive advantage. Use the VRIO framework:
Determining their HR Demand, - Determining their HR Supply - Determining if there is a Gap. - Outlining an Action and Succession Plan so that you have the right people, with the right skills and right attitude in the right place at the right time and at the right cost in 3 years time. This is the most critical part of the assignment, to which you should give a significant word count to as it separates the good from the great! This will include looking at: - How will the plan be implemented? - Will the plan work? - What are the possible challenges in implementing the plan? - Do you have a contingency plan to offset any potential obstacles? - How does the company compare with other companies in the industry? Is first in class or a follower, is one particular company in the sector in a better position than the other to confront the staffing challenges of the future and why and what can we learn from them and imitate? - Outline other possibilities such as Mergers and Acquisitions or Outsourcing etc. as a possible solution to solving the gap. - How to they give the company a competitive advantage? How do they contribute to organizational performance and success? How does the company compare with others in the sector? Who is best in class? - How does it link back to what the literature says about
 Draw up a three-year Strategic HRM Workforce plan for TIM HORTONS

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!