HUMAN RESOURCE STRATEGIC BUSINESS PLAN HR PLAN FOR 1426 VENTURES

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EXECUTIVE SUMMARY

A DESCRIPTION OF THE BUSINESS

The business is a FMCG (Fast Moving Consumable Goods) with a vision to be one of the biggest dealers in the area of edible essential commodities.

HR OPPORTUNITY & STRATEGY

There are opportunities that abound as they would create employment/career for job seekers in the labour market.

TARGET CLIENTS

The nature of products offered will attract a vast majority of clients with no barrier against culture, gender or race. We aim to serve every individual within our reach as we are a consumable service provider.

KEY POINTS OF THE HR PLAN

Our HR plan tends to focus on a holistic and all-encompassing strategy that aims to inculcate a policy of HR structure of best-practices. This will range across future HR services requirements, managing IR policies and processes, managing separation/termination, managing remuneration and employee benefit, managing HR management information systems, recruiting, selecting and inducting staff, managing people performance, and ensuring a safe workplace. This will help identify the best practices and adopt strategies that will facilitate the achievement of the business objectives.

IMPLEMENTATION STRATEGY INCLUDING TIMEFRAMES, COST, RISK ETC

We plan to build employee friendly and sustainable policies that will keep all employees engaged for the growth and sustenance of the business. These policies show that the business I people-centered and has the employee welfare at the core of its policy formulation and implementation.

MONITORING & EVALUATION STRATEGY

The strategy to ensure monitoring and evaluation will be based on reviews and reports from the data obtained from performance metrics and indicators. To forestall negative contingencies, the business will carry out installation of CCTV camera for real-time and security issues; daily / weekly/ monthly reconciliations; auditing of accounts and relevant books by independent Auditors; and random checks of books and stock –taking of goods.

EVALUATION

To ensure that the evaluation process is carried out, the business will develop a robust policy on compensation and performance management for the employee and the entire workforce; key performance indicators (KPIs) will be developed for each staff with a target at their job descriptions and the expected outcome. The reviews, feedback systems and reports will provide information that will guide informed decision by the management in the pursuit if the organizational objectives and goals.

INTENDED BUSINESS OUTCOMES AND BENEFITS OF THE PLAN

The company plans to breakeven and make profit with consistent turnover and a robust loyal customer base satisfaction. A referral of our brand that is continuously consistent and reliable with top-notch customer experience. With this HR plan, the organization is set on the oath of smooth work flow, business process and ensuring stability in the production and delivery procedures which would influence the productivity and strategies of the organization per time. This plan is also subject to adjustments based on market conditions, and other externalities to ensure optimal operations, efficiency and effectiveness in the work model and a sustained production and delivery process.