Human Resource Management Paper

Human Resource Management Paper

Part One:

Congratulations! You have been selected as the winner of the most promising MBA graduate, and an anonymous angel investor has agreed to bankroll your new startup business. His requirement is that it is not a one-person operation, but needs to start off with three to five employees, including you. He is going to give you a limited recruitment and on-boarding budget of $10,000 (the amount is arbitrary, and is used only to make you look realistically at advertising options, so as to avoid saying “run full page ads in the Wall Street Journal” or something like that). He wants to see a plan for how you are going to find, recruit and train your team. (For the sake of the exercise, don’t worry about the costs of equipment, material etc. that you will need to start your business – this is about getting the people).

In your plan, you will need to identify what sort of business you are going to open. Once you have decided that, you will need to determine what tasks need to be done in order to operate your business, so that you will know how many people you need and what knowledge, skills and abilities they will need to have.

Please include the following in your plan:

A complete job description for each of the positions you are hiring for. You can utilize the format of the job description from the text, or find one elsewhere, but utilize a form and add it as an attachment – do not include in the text of the paper.
A recruitment plan identifying:
What specific advertising venues you plan to use
Why you chose that specific source
The costs associated with each source.
What type(s) of interview(s) will you conduct for each position you are hiring for, and why you chose that type.
Identify three attributes (i.e. friendly personality, ability to multi-task, etc.) that a successful candidate must possess for each position you are hiring for. Then select one interview question per attribute you will ask each candidate that will help you determine if they have that attribute. (So, if you are hiring for three positions, you will have identified three attributes for each position, and one question per attribute – for a total of nine questions).
What training method(s) you will utilize to get your team up to speed, and why. Be specific.

The paper shall be ten (10) pages in length, including the job descriptions, double spaced.

Part Two :
This is a continuation of the part one paper:

Congratulations! It has been nine months since you opened your business, and you are off to a flying start. You have hired and trained your team, your prospects look good and it is clear you will need to bring on more people to handle the expected increase in business. Your angel investor has approached you about the possibility of expanding your operation. But before he will commit further capital, he wants to see a plan for how you will manage such an expansion. Specifically, he would like to know how you are going to attract and retain the top flight human capital that will be required to get your firm to the next level of profitability.

Please develop a plan, along with an accompanying spreadsheet that will list all the costs outlined below, that includes:

A market-competitive pay plan, which will include your current positions, plus any positions you don’t currently have, but expect to need within the next 24 months. You don’t need to go through all the steps and processes outlined in our text, but you need to show what the market is for your potential hires. Candidates you are considering also will have other places they can choose to work. Knowing what the companies you are competing with for employees are paying will in part determine what you will have to pay to get the candidates to choose you.
For each of your positions, list three of these alternatives/competitors, noting the company, the position they have that is similar to what you are looking to fill, and what they are paying for that position. (Please do not go to a website like Glassdoor and find the average salary for “x” position in Honolulu. I want to see specific companies who you will be competing with for talent).
List what you will be paying for that position (include on the cost spreadsheet).
Format it so it is easy to read and understand.
Explain any bonus/incentive plan(s) you envision, which position(s) they will apply to, why you chose that plan(s), and estimated costs associated with it (add to the spreadsheet).
A comprehensive benefits package. What will it include (insurance options, vacation/sick leave/PTO, retirement benefit, etc.)? Will each level of employee (manager, hourly) receive the same benefits package? Why or why not? (Be specific. For example, don’t say you will offer medical insurance – are you offering Kaiser, HMSA PPO and/or HMO, HMAA, etc.? How many days of vacation are you going to offer? If you are going to match a 401(k) contribution, how much will you match?) List what each benefit selection will cost the company (for example: the cost of a Kaiser family medical plan; the cost for ten days’ vacation for each level of employee; the cost of matching 3% for 401k, etc.). Again, put the costs on the spreadsheet so it is easy to understand.
An employee engagement/retention plan that you feel will best relate to the employees in your type of business, and include the estimated costs, if any, associated with the different parts of the program into your cost spreadsheet. Again, be specific.
For your spreadsheet, format it so it shows monthly and annual costs.

The paper should be a minimum of ten pages in length, double spaced, plus the separate cost spreadsheet. Please reference where you get your outside information.

I will be looking at this from the point of view of the angel investor, so I will be looking at the thought and reasoning put into the choices made to see if they are logical to me. Therefore, make it clear why you are choosing to go with what you are going with.

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