Question
HOW TO DOWNSIZE SUCCESSFULLY WHILE USING HRP FUNDAMENTALS A successful franchise owner of a prestigious sporting goods chain is feeling the effects of technology, with
HOW TO DOWNSIZE SUCCESSFULLY WHILE USING HRP FUNDAMENTALS
A successful franchise owner of a prestigious sporting goods chain is feeling the effects of technology, with more and more online sales and less and less customers in the shops. Locally there are three stores, and typically each store needs the following positions staffed for optimum profitability and success: a store manager, assistant manager, five department managers, and 20 customer service representatives, averaging $1,200,000 in annual revenue. However, there has been a trend of 2 percent sales decline in stores, with an increase of 30 percent sales online (last year the online revenue stream was $300,000). The franchise owner was able to handle all of the online sales with a team of five full-time remote workers (working from home) last year.
The owner wants each store to maintain their productivity, which he measures as the revenue per employee. He also thinks that there is potential to grow the online business.
Please help the owner by answering the following questions:
1)Using your HR planning expertise, forecast the demand of labour in the store and online environment over the next three years.
2)Assuming an annual 15 percent turnover level of in-store workers and a 30 percent turnover level of online- focused employees, determine HR supply estimates over the next three years.
3)Do you forecast a labour shortage or surplus? Develop a clear plan to help address the forecasted labour shortage or surplus?
- Conduct research in order to get information to address the following questions (# 1 and 2) from page 102 of the course textbook. Ensure you use some of the qualitative and quantitative techniques described in the course textbook to help formulate your answers. Include at least two scholarly sources.
- Using your HR planning expertise, forecast the demand of labour in the stores and the online environment over the next three years.
- Assuming an annual 15 percent turnover level of in-store workers and a 30 percent turnover level of online-focussed employees, determine overall HR supply estimates over the next three years.
- Report the number of employees that will be surplus or shortages for each part of the business and for each year.
- Report the numbers of any employees that will need to be terminated each year and the services that should be provided for them.
- Additionally, provide some suggestions of activities you could engage in to determine supply details by internal vs. external candidates.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started