Objective: To create a human resource (HR) strategy for a simulated organization that boosts productivity, enhances the quality of work life, and drives profits, utilizing concepts from Cascio’s teachings.

 

Project Components:

 

1. Organizational Profile Creation:

 

. Develop a detailed profile of a simulated company including size, industry, workforce demographics, and market position.

 

2. HR Audit and Analysis:

 

. Perform an HR audit on the simulated company, assessing current practices against Cascio’s principles.

 

. Analyze workforce data to identify productivity and work-life quality trends.

 

3. Strategy Formulation:

 

. Design an HR strategy that covers:

 

. Talent acquisition and management

 

. Learning and development

 

. Compensation and benefits aligned with productivity goals

 

. Work-life balance initiatives (e.g., telecommuting, flextime)

 

. Ensure strategies are based on evidence-based practices highlighted in Cascio’s work.

 

4. Financial Impact Assessment:

 

. Calculate the expected financial return on HR investments.

 

. Develop a method for assessing the impact of HR practices on productivity and profits.

 

5. Risk Assessment and Mitigation:

 

. Identify potential risks associated with the implementation of the new HR strategies.

 

. Develop mitigation strategies for each identified risk.

 

6. Technology Integration:

 

. Propose technology solutions that could support the HR strategy, such as HR Information Systems (HRIS) or AI for recruitment.

 

7. Sustainability and Ethics Focus:

 

. Address how the HR strategy ensures ethical treatment of employees and promotes long-term sustainability.

 

8. Implementation and Change Management Plan:

 

. Create an implementation plan, including change management strategies to ensure buy-in from all stakeholders.

 

. Outline communication strategies to be used throughout the implementation process.

 

9. Evaluation and Metrics:

 

. Establish metrics and KPIs to evaluate the success of the HR strategy in improving productivity, quality of work life, and profitability.

 

. Design a scorecard for ongoing monitoring post-implementation.

 

10. Final Report and Presentation:

 

. Compile the above components into a comprehensive report.

 

. Prepare a presentation to communicate the strategy effectively to class members, as if they were stakeholders in the company.

 

Assessment Criteria:

 

· Accuracy and applicability of HR audit findings.

 

· Creativity and evidence-based approach in HR strategy design.

 

· Thoroughness of the financial and risk assessments.

 

· Clarity and professionalism in the report and presentation.

 

· Feasibility and practicality of the implementation plan.

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