Functional Area Plan: Human Resources
Functional Area Plan: Human Resources
MegaJava Corporation is a medium-sized manufacturing company with 250 employees. It directly markets one product: a unique coffee cup with a patented ball bearing sliding mechanism. Nathan Jr. and a group of 10 other executives run the company. MegaJava Corporation has received a large sum of money from a venture capitalist. The venture capitalist and Nathan Jr. are predicting 100 percent growth in five years. To achieve that growth, productivity will need to increase at a similar rate. Therefore, this proposal provides a suggested business model update. Further, the functional areas updates are indicated to assist the business model to predict, plan, and implement future growth and profits
MegaJava will need to have a strong and aggressive approach when it comes to Human Resources. Like all companies the employees are the backbone and driving focus to the company’s success. Defined in A Guide for Strengthening HRM Systems (2005) as the use of procedures, policies, and practices to recruit, maintain, and develop employees in order for the organization to meet its desired goals; Human Resources is the backbone of the MegaJava Corporation. The company will also need to budget for the existing positions as well projected positions and workload requirements.
The Human Resources department at MegaJava will focus on staffing, profitability, improvement strategies, performance evaluations, and employee relations litigations amongst other things. The challenges MegaJava faces in the future with the current 250 employees and growing will be retention, development and work-life balance. “The top three in the U.S. were managing talent, improving leadership and managing demographics” Goldsmith, M. (2008). Managing Workforce Flow and Developing Human Capital is two areas that continue to be ongoing issues
MegaJava Corporation is a medium-sized manufacturing company with 250 employees. It directly markets one product: a unique coffee cup with a patented ball bearing sliding mechanism. Nathan Jr. and a group of 10 other executives run the company. MegaJava Corporation has received a large sum of money from a venture capitalist. The venture capitalist and Nathan Jr. are predicting 100 percent growth in five years. To achieve that growth, productivity will need to increase at a similar rate. Therefore, this proposal provides a suggested business model update. Further, the functional areas updates are indicated to assist the business model to predict, plan, and implement future growth and profits
MegaJava will need to have a strong and aggressive approach when it comes to Human Resources. Like all companies the employees are the backbone and driving focus to the company’s success. Defined in A Guide for Strengthening HRM Systems (2005) as the use of procedures, policies, and practices to recruit, maintain, and develop employees in order for the organization to meet its desired goals; Human Resources is the backbone of the MegaJava Corporation. The company will also need to budget for the existing positions as well projected positions and workload requirements.
The Human Resources department at MegaJava will focus on staffing, profitability, improvement strategies, performance evaluations, and employee relations litigations amongst other things. The challenges MegaJava faces in the future with the current 250 employees and growing will be retention, development and work-life balance. “The top three in the U.S. were managing talent, improving leadership and managing demographics” Goldsmith, M. (2008). Managing Workforce Flow and Developing Human Capital is two areas that continue to be ongoing issues