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Strategic HRM June 2024

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Strategic HRM June 2024

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Description

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Strategic HRM
Internal Assignment Applicable for Dec 2024 Examination
Assignment Marks: 30
Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.
 Students should write the assignment in their own words. Copying of assignments from other students is not allowed
 Students should follow the following parameter for answering the assignment questions
Q.1 Motocrop is a mid-sized manufacturing firm that specializes in producing automotive parts. Over the years, the company has seen a steady growth in its operations and market presence. However, the industry is rapidly evolving, with technological advancements
such as automation, robotics, and AI becoming integral to manufacturing processes. Motocrop recognizes the need to adapt and invest in these technologies to remain competitive and efficient. As the Head of Human Resources, you have been tasked with developing a strategic human resource plan to guide the company through this technological transformation. (10 Marks)
Q.2 You are the HR Manager of a rapidly growing technology start-up. The company has been experiencing a high rate of employee turnover, particularly among top-performing employees who are leaving for better opportunities elsewhere. This turnover is not only affecting the company’s productivity but also hindering its ability to innovate and stay competitive in the industry. As the HR Manager, you are tasked with developing some retention strategies. (10 Marks)
Q.3 InnovateTech is a mid-sized technology-consulting firm known for its innovative solutions and expertise in emerging technologies. However, the company has been facing challenges related to employee engagement and retention. Despite offering competitive compensation, some top-performing employees have been leaving the company for opportunities elsewhere. InnovateTech’s leadership recognizes the need to implement a Career Planning for the employees and needs to work on the same.
a. Discuss the initiatives taken by the organisation for Career Development & Planning for employees. (5 marks)
b. Explain the significance of a well-designed process of succession planning increasing employee satisfaction and retention rates at InnovateTech? (5 marks).

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