Answer To: Georgian @ ILAC Toronto [Assignment 2]INSTRUCTOR: [Prashant Mali] CLASS:...
Dipali answered on Mar 29 2023
WRITTEN ASSIGNMENT 2
This strategic human resources plan is developed for Canadian Tire Corporation, Limited (CTC) to identify and address critical HR issues that impact the organization's overall business strategies. The plan is aimed at strengthening the organization's workforce, enhancing employee engagement and retention, and increasing productivity and profitability. Through a comprehensive environmental scan and SWOT analysis, this plan identifies three significant HR priorities for CTC, including talent acquisition and management, employee engagement and retention, and diversity and inclusion. To achieve these priorities, the plan outlines specific action steps under each priority that align with the organization's mission, vision, and value statements.
Table of contents
Executive Summary 2
Company Description 4
Mission, Vision, and Value Statements 4
Environmental Scan 5
SWOT Analysis 6
Strategic HR Priorities 7
Action Plan 8
Human Resource Management 9
This strategic human resources plan is developed for Canadian Tire Corporation to address the company's human resource challenges and opportunities. The purpose of this plan is to provide a framework for the company to achieve its business goals by improving HR functions and supporting employee engagement and commitment. The plan includes a company description, mission, vision, and value statements, environmental scan, SWOT analysis, list of strategic HR priorities, and an action plan to achieve identified priorities. The three significant HR priorities recommended are Talent Management, Diversity and Inclusion, and Employee Engagement and Commitment. The action plan includes specific recommendations for each HR priority that are aimed at improving the HR functions and supporting the company's overall business strategies.
Canadian Tire Corporation, Limited (CTC) is a Canadian retail company that operates a diverse range of businesses, including retail, financial services, and real estate. The company's retail segment includes Canadian Tire, which sells a wide range of products, including automotive, home, sports, and outdoor living goods. The company's financial services segment includes Canadian Tire Bank, which offers a range of credit cards, loans, and insurance products. The company's real estate segment includes CT REIT, which owns and manages commercial properties across Canada. CTC is headquartered in Toronto, Ontario, and operates over 1,700 retail stores and gas stations across the country, employing more than 120,000 people (Dessler, Chhinzer & Cole, 2021).
Mission, Vision, and Value Statements
· Mission: To enrich the lives of our customers by offering quality products and services at great value, and to create sustainable value for our shareholders, employees, and communities.
· Vision: To be the most trusted and innovative retailer, financial services provider, and real estate manager in Canada.
· Values: Customer focus, teamwork, accountability, respect, and innovation (Government of Canada. 2022).
· Changes in labor laws and regulations, such as...