Task 5: Human Resources Strategic Plan
This assessment task requires you to present the briefing report developed in the previous task to the management team to seek feedback and approval and develop the Human Resources Strategic Plan.
Develop the Human Resources Strategic Plan
After consulting with the human resources department about their workforce preferences, you are now required to use the input from consultation and develop the Human Resources Strategic Plan using your research. Download and complete the Human Resources Strategic Plan template:
Human Resources Strategic Plan
Download Human Resources Strategic Plan
Ensure that you complete all sections of the plan and clearly state strategic objectives and targets. Complete the strategies with detailed actions including the timeline, responsibilities, and performance indicators.
The template also contains the risk assessment plan that you are also required to develop. Identify all the risks that may be associated with the Human Resources Strategic Plan and assess them in accordance with the risk assessment legend.
What you need to submit for this task:
·
Human Resources Strategic Plan including the Risk Management Plan
Task 5: Human Resources Strategic Plan This assessment task requires you to present the briefing report developed in the previous task to the management team to seek feedback and approval and develop the Human Resources Strategic Plan. Develop the Human Resources Strategic Plan After consulting with the human resources department about their workforce preferences, you are now required to use the input from consultation and develop the Human Resources Strategic Plan using your research. Download and complete the Human Resources Strategic Plan template: Human Resources Strategic Plan Download Human Resources Strategic Plan Ensure that you complete all sections of the plan and clearly state strategic objectives and targets. Complete the strategies with detailed actions including the timeline, responsibilities, and performance indicators. The template also contains the risk assessment plan that you are also required to develop. Identify all the risks that may be associated with the Human Resources Strategic Plan and assess them in accordance with the risk assessment legend. What you need to submit for this task: · Human Resources Strategic Plan including the Risk Management Plan F&R Strategic plan Incite College Human Resources Strategic Plan 20xx–20xx INTRODUCTION
PRIORITIES OPERATIONAL PRIORITIES PLAN A. RECRUITMENT, SELECTION, AND INDUCTION Objective: · To ensure the recruitment and retentions of first-class employees. Actions Responsibility Budget implications Performance Indicators Target date B. Workforce development Objectives: · To drive individual and team performance Actions Responsibility Budget implications Performance Indicators Target date c. Supporting and valuing the workforce Objectives: · Develop and implement more effective performance management for staff Actions Responsibility Budget implications Performance Indicators Target date Risk management The risk assessment process will be used by the management team to ensure risk control methods are included in all organisational planning, management of operations and governance. Definitions Definitions are based on the Australian and New Zealand Risk Management Standard AS/NZS 4360:2004. Risk The chance of something happening which will have an impact upon objectives. It is measured in terms of consequence and likelihood. Likelihood A qualitative description or synonym for probability or frequency. Consequence The outcome of an event or situation expressed qualitatively or quantitatively, being a loss, injury, disadvantage, or gain. There may be a range of possible outcomes associated with an event. Risk assessment The overall process of risk analysis and risk evaluation. Risk treatment/control methods Selection and implementation of appropriate options for dealing with risk. Conceptually, treatment options will involve one or a combination of the following five strategies: · Avoid the risk. · Reduce the likelihood of occurrence. · Reduce the consequences of occurrence. · Transfer the risk. · Retain/accept the risk. Risk management process The systematic application of management policies, procedures and practices to the tasks of establishing the context, identifying, analysing, evaluating, treating, monitoring and communicating risk. Risk assessment legend Source: https://www.google.com.au/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&docid=7GxmjjGohwE9SM&tbnid=MciNt9M2FGx6JM:&ved=0CAUQjRw&url=http%3A%2F%2Fwww.backwoodshome.com%2Fblogs%2FClaireWolfe%2F2012%2F10%2F23%2Fpreparedness-priorities-part-v%2Friskmatrix%2F&ei=S5drU4jXAqSa0QWh4YG4CQ&bvm=bv.66330100,d.ZWU&psig=AFQjCNGShq9oLNdqTeacWBtT2-Gc_zRn8w&ust=1399646355223547 Risk Management Plan Risk description Likelihood of risk Impact of risk Priority of risk Preventative Action/Contingency Plan BSBHRM614 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 Case Study Incite College has been operating for five years. The college is based in Melbourne CBD and offers a range of courses in management, marketing, human resources and international business and currently has around 500 students enrolled across all its courses. Courses are offered at all levels from Certificate II to Graduate Diploma. The college is very popular due to its competitive pricing structure, innovative teaching methods and state of the art facilities. Due to the success of the college, the college plans to establish two additional campuses, one in Sydney and one in Canberra. The Canberra campus will commence operating in Jan 2021 and Sydney in mid-2021. Campus locations are already in place with the process being overseen mainly by the CEO and Finance Manager. No staff have been employed yet, but it is anticipated that each campus will require a receptionist, student services officer and 4 trainers. Existing staff at the Melbourne campus will complete all other staff functions until such time as student numbers increase substantially. It is anticipated that maximum student numbers at the new campuses will be up to 50 students per campus. The College currently employs 24 staff members that include the CEO, a Marketing Manager and Marketing Assistant, Human Resources Manager, Finance Manager, Administration Manager, Office Assistant, Receptionist, Academic Manager, Student Services Officer and approximately 14 trainers. Further details regarding the above staff is provided in the workforce information document and shows staff turnover statistics: Incite College Workforce InformationDownload Incite College Workforce Information Find the Incite College Strategic and Operational Plan here: Incite College Strategic & Operational PlanDownload Incite College Strategic & Operational Plan A Human Resources Strategic Plan is now required for Incite College given the company’s expansion plans and because of the overall importance of strategic planning for human resources. The status of key areas of human resources is as follows: · Equal employment opportunity and diversity – equal employment opportunity is implicit in recruiting staff and in the workplace but there is no formal policy or strategy in place or arrangements for flexible working arrangements. · Human resources information systems – the current human resources system is basic. Staff files are kept in a filing cabinet and payroll is managed through accounting software. There is interest in migrating to an advanced HR information system as the business grows and has multiple sites. Costs need to be identified. · Induction – induction is limited to a couple of hours at the beginning of an employee’s employment. There is no follow up. · Job analysis and design – no formal systems in place. · Occupational health and safety – policies and procedures and processes are in place. However, no formal training system or ongoing development systems are in place. · Performance management – while performance management is indicated in the company’s strategic plan, it is sporadic and depends on the manager. Clearer procedures and systems need to be put in place and there also needs to be some attention to reward and recognition schemes. · Professional development – professional development onus is on the staff with no formal systems in place. Any professional development undertaken by staff is not always recorded although staff are supposed to complete a professional development register. An online system for recording professional development and that is linked to the human resources information system would be useful. There is no current budget for professional development and an annual amount needs to be identified per staff member. · Recruitment and selection – there are a desire to identify recruitment and selection strategies that ensure the recruitment of quality staff. · Staff retention and succession planning – no formal systems are in place. BSBHRM614 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 1 Strategic & Operational Plan 2022-2023 Incite College BSBHRM614 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 2 Executive Summary Established in 2015, Incite College is a Registered Training Organisation (RTO) that provides training to students in business and management. Our principal purpose is to provide high quality training services to satisfy students’ needs. Our training is nationally recognised and accredited to meet vocational and educational standards. Courses are designed by highly qualified staff with extensive industry and training experience to achieve teaching and learning excellence, flexibility, and personal satisfaction. We draw on our established relationships with industry and other stakeholders to ensure our courses are appropriate to the demands of our clients and consistently meet their expectations. Quality is maintained in compliance with the national VET Quality Framework and through our continuous improvement system. A key objective is to develop the required knowledge and skills for clients to be job ready and competently undertake their chosen role in a wide range of business areas. Mission Incite College provides high quality industry training that engenders participation and achievement. Strategic Objectives 1. To be a leader in vocational education and training 2. To establish and maintain high quality infrastructure supporting clients and staff 3. To be well led, high performing, profitable and accountable 4. To develop our people and resources Our values are: Core values underpinning our activities are: • Sustain excellence in training and assessment • Promote innovation across all our business operations • Be a collaborative and caring community. • Embrace difference and diversity • Demonstrate integrity and equality of opportunity in all activities • Operate with openness and accountability BSBHRM614 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 3 Our Operational Objectives The following table identifies the operational objectives we plan to achieve in pursuit of our strategic objectives. Date Priorities Key performance indicator August 22 Improve web site information to attract more students 10% increase in students by August 22 Improve market share by 5% September 22 Conduct annual internal audit Audit conducted and continuous improvement identified October 22 Develop and implement a cultural sensitivity and awareness program for staff All staff trained in cultural awareness November 22 Staff performance reviews All staff performance reviews conducted December 22 Identify suitable location for Canberra campus Location identified and lease taken out 2023 January 23 Provide information sessions showcasing the College (Melbourne and Canberra) Fit out Canberra campus ready for student admissions in February. Interview staff for commencement in February. Identify at least 50 potential sign ups Canberra campus ready for operation March 23 Develop an online learning platform for all courses All courses offered on-line by end 2023 Increase student numbers by 12% April 23 Identify suitable location for Sydney campus Location identified and lease taken out May 23 Fit out Sydney campus ready for student admission in June. Interview staff for commencement in June. Sydney campus ready for operation July 23 Conduct annual internal audit Audit conducted and continuous improvement identified November 23 Staff performance reviews All staff performance reviews conducted 2024 February 24 Undertake scoping study for possible offshore campus Scoping study completed by June 24 and decision made as to whether to proceed July 24 Conduct annual internal audit Audit conducted and continuous improvement identified November 24 Staff performance reviews All staff performance reviews conducted BSBHRM614 Capital College RTO: 41593 | CRICOS: 03537J | ACN: 606 797 611 | ABN: 16 606 797 4 The market Market characteristics & conditions Incite College has two broad segments to its target market consisting of people wishing to gain entry to the industry, as well as people already working in business and management who want to formalise or develop their skills. Workforce needs for this sector have been identified as the need to develop an adaptive, responsive, and divers workforce, keep up with technology and to build effective leadership and management skills. This has informed Incite choice of to deliver. We also intend to capitalise on market needs for delivery of blended (classroom and online), as well as online courses. There are many training providers in our sector and Incite College seeks to offer a point of difference through our competitive pricing structure, innovative teaching methods and state of the art facilities. Situation Analysis Strengths Weaknesses ➢ Price, value, and quality ➢ Clear understanding of student requirements ➢ Delivery mode suitable for client requirements ➢ High quality learning and assessment materials ➢ Committed to quality ethical practice ➢ Ability to adapt to changing market conditions ➢ Effective and practical policies and procedures ➢ Competitive pricing ➢ Friendly organisational culture ➢ Level of available finance for investment ➢