Five Year Business Plan Essay -- essays research papers

SMC Company Five-Year HR ForecastThe local toil commercialize has continue to shrink and labor costs have continued to tide over the past two years. SMCs work multitude has now become bilingual and has had to deal with occasional unsuccessful attempts for its labor force to organize a union. To remain competitive for the next phoebe bird years and sustain its maturation sales, SMC Company will have to address staffing, employee development and training, compensation and benefits, employee relations, and condom and health issues. SMC must consider elements in developing the five-year plan such(prenominal) as technological advances, globalization, diversity, e-business and ethics.The ultimate goal at SMC Corporation is continued growth. One aspect that will determine SMCs success is to prophesy what labor will look like over the next five years. By looking at the demographics of the Shaker Heights labor force along with the available work force of the surrounding area, a opi ne of potential employees can be produced. SMC must look for new creative ways for the current staff to increase productivity. These actions give SMC the ability to place their employees to think on their own and present ideas that increase productivity without increase headcount. SMC can also look to The Bureau of moil Statistics of the U.S. Department of Labor for information on the projected supply and demand for any item occupation. (Dessler, 2000, pg. 133). When considering the projected labor force, SMC must predict succeeding(a) cost of labor. SMC has been regain in Shaker Heights since its inception. One concern for the future is being able to maintain all operations of the company in this location. An aspect that may effect keeping the entire output signal in Shaker Heights, is the cost of the local labor force versus cost of labor elsewhere and the global manufacturing environment. For instance the cost of labor (US dollars) in Mexico averages $1.51 per instant to the United States who averages $17.20 per hour, to the United Kingdom who averages $13.77 per hour. (Dessler, 2000, pg. 617). With such a broad begin in labor costs SMC should consider building a manufacturing instalment outside the US. SMC will need to find ways to increase exertion without dramatically increasing overhead. With all the departments working together, SMC will continue to pull together their goals while constantly upgrading their processe... ...mployees are empowered to do their jobs and feel they are part of the company.* Technological advances - Create employee learning resource center* globalization - Track external marketing trends and employee compensation packages to attract and retain international workforce(differences in cultures and customs in Mexico and England need to be evaluated) * diversity - accept seminars on diversity within the workplace* E-Business - No immediate changes* ethics Create a volunteer board to help employees become industrio us in the communitySafety and Health measures will be employ to ensure a safe workenvironment. * Technological advances Time and action studies * Globalization - Preview health issues in Mexico,England and the U.S. which may affect employees * Diversity - Make sure that all safety and health posters are printed in both languages * E-Business No plans at this time for any e-business applications as pertains to health and safety* Ethics - Do environmental survey to ensure that the production plant emissions are not harming the surrounding area. Add links on company intranet to organizations such as OSHA, ISO and EPA.