Sunday, May 17, 2020

The Human Resource Management ( Hrm ) Plan Essay - 1932 Words

Even though Coco’s Chocolate Cafà © is a small local business, it is still important to have a Human Resource Management (HRM) plan in place. We believe that investment in human capital is the most effective and efficient way for Coco’s to achieve our strategic goals and part of this strategy is to build our foundation on hiring the right people for the right job at the right time (Proverbs 24:27). Our HRM plan is designed to ensure we understand and have procedures and processes in place to address all of the necessary laws when it comes to Equal Employment Opportunity (EEO), harassment, and discrimination. We always strive to have a diverse workforce with employees from â€Å"various racial, ethnic, gender, cultural, age and religious backgrounds† because we understand and value each person’s unique insight, worldview and skill helps us to be a successful business team (Dessler, 2013, p. 46) It has been said that â€Å"a company’s human capit al is defined as the collective productive capacity of its employees† so as a Christian organization, we encourage, build each other up and to help our employees to pursue their passions and achieve their goals (Endres, Chowdhury, Camp Shulze, 2013, p. 64). This paper will discuss how Coco’s crafts our practices and policies around the areas of: recruiting, selecting, testing, hiring, training, development, compensation, benefits, performance management, employee retention, engagement, discipline and safety to ensure candidates and employeesShow MoreRelatedThe Global War For Talent1509 Words   |  7 PagesHuman capital is possibly the most vital, yet overlooked, means of establishing competitive advantage for companies today. Business periodical have featured the â€Å"global war for talent†, the need for better ways to encourage innovation, the complexities posed by the maturing work-force, or the preparedness of the talent pipeline. 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Using SMART analysis, the objectives of the HRM plan have been set in a way that they are realistic and sustainable. However, the plan could have been supported by key indications about the available funds for human resource activities and the mechanisms used in the prioritization of human resource projects. In addition, an outline of how the timelines would be achieved

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