This is a discussion. One to two pages required. Doesn’t need to be super formal.
For this assignment, read the following scenario:
For more than 10 years you have been a human resources manager at a welding and machining company that has remained fairly stable. The business has 20-25 employees, most of whom have been with the company for nearly 25 years. Your firm has built a reputation of quality, and the relationships of your long-time employee team with customers are a key pillar of your client service strategy. The company has been fairly isolated from skilled trades shortages, but you have heard about challenges in this sector over time. You are well aware of the age of your workforce, and want to ensure that you can recruit and select high-quality talent to work with your team as 10-15 people intend to retire over the next 2-5 years.
You decide to be proactive and explore the creation of a succession plan, and the potential sources of new employees to fill your imminent vacancies.
For discussion:
1. Outline what your potential sources of information for consideration in filling future vacancies might be.
2. Outline some of the techniques that you will use to conduct a supply and demand analysis.
3. Share your thoughts and views on creating a succession plan for the company. Suggest some potential internal and external strategies that you may consider adopting given that you will likely face 60% employee turnover over the next several years.
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