Five Year Business Plan Essay -- essays research papers

SMC Comp whatever Five-Year HR ForecastThe local labor market has move to shrink and labor costs have continued to soar over the past two years. SMCs workforce 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 five years and sustain its growing sales, SMC Company will have to address staffing, employee development and training, compensation and benefits, employee relations, and safety and health issues. SMC must consider elements in developing the five-year plan such as technological advances, globalization, diversity, e-business and ethics.The ultimate goal at SMC Corporation is continued growth. One grimace that will determine SMCs success is to predict what labor will look like over the next five years. By looking at the demographics of the mover and shaker Heights labor force along with the available work force of the surrounding area, a forecast of potential employe es can be produced. SMC must look for new inventive ways for the current staff to addition productivity. These actions give SMC the ability to empower their employees to think on their own and present ideas that increase productivity without increasing headcount. SMC can also look to The Bureau of Labor Statistics of the U.S. Department of Labor for information on the projected supply and demand for any specific occupation. (Dessler, 2000, pg. 133). When considering the projected labor force, SMC must predict early cost of labor. SMC has been located 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 production 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 hour to the unite 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 range in labor costs SMC should consider building a manufacturing facility outside the US. SMC will contract to find ways to increase production without dramatically increasing overhead. With all the departments working together, SMC will continue to meet their goals while constantly upgrading their processe... ...mployees are authorize to do their jobs and feel they are part of the company.* Technological advances - Create employee learning resource center* Globalization - Track international marketing trends and employee compensation packages to appeal and retain international workforce(differences in cultures and customs in Mexico and England need to be evaluated) * Diversity - Conduct seminars on diversity within the workplace* E-Business - No immediate changes* morals Create a volunteer board to help employees become active in the communitySafety and Health mea sures will be enforced to ensure a safe workenvironment. * Technological advances Time and motion studies * Globalization - Preview health issues in Mexico,England and the U.S. which may affect employees * Diversity - commence 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.