Human Genome Journal Of Political Economy -Myassignmenthelp.Com

Question: Discuss About The Human Genome Journal Of Political Economy? Answer: Introduction Human resource planning model refers to the plan which is prepared in order to addresses the workforce requirements of the company. The planning for human resources requires preparation of job descriptions, competency requirements and also develop strategies which will be help in maximum retention of employees (Brewster and Hegewisch 2017). As per the requirements of the BBQ fun, the company is trying to develop further its business from the store operations to further online operations of the business. BBQ fun is trying to establish its own websites in order to increase it sales with the help of e-commerce facilities. The human resource model of BBQ fun reveals the forecasted demand for employees and also forecasted supply of employee which the company expects considering the demography, technological changes, employee turnover rates and other determining factors. As per the plan of the business to expand its operations in websites using e-commerce facilities to increase the overall revenues of the company (Finch 2016). The requirement of the company as per the operational plan management by the company is to expand its business where the company will be requiring eight online sales and customer services people who should have the necessary skills and knowledge of e-commerce and how to handle the work process. The company will also be needing to train the existing workers of the company in the new sales website program which is to be followed by the company (Bratton and Gold 2012). The other requirements of the company for employee includes six additional drivers and four warehouse workers. The above estimates are prepared on the basis of the operational budget as prepared by BBQ fun. The company plans to train the existing employee of the two stores for the purpose of allocating them to the online sales services as required by the company. Th e company as per estimates have extra workers in the two stores which can be used by the company to reallocate them in the customer service process. The Human resource planning model of the BBQ is given below: Open new Website which facilitates e-commerce facilities in BBQ fun Requirement of employees which are 8 online and customer services, 6 drivers and 4 warehouse workers Requirement of skill workers for the website operations and customers services with knowledge of online websites. Appointment of supervisor for the online website team and customer services team. The cost consideration for establishing the new team of e-commerce in website and customer service team and also for the physical resources Setting of new objectives and plan which can improve the business. Figure 1: (Chart showing Human Resource Planning Model) Source: (Created by the Author) Sourcing Human Resources As per the plan and estimated budget of BBQ fun, the company requires eight personnel for the new team of employee which will be focusing on the online e-commerce services and customer services of the company. The company will be requiring six additional drivers and four warehouse workers due to the expansion of the business. The company has decided that the current business has some additional workers which will be more productive if these additional workers are reallocated to the new business division of online website and customers services (Daley 2012). The company wants to train the existing employees of the company and does not wants to hire new employee for the new e-commerce service division of the company. As per the proposal of the company in the budget BBQ funs management has decided to train their existing employees in the new e-commerce facilities which the company is going to provide. The company will be hiring the warehouse workers and the drivers for the delivery truc ks by ways for walk in interview and advertisements for the job opening. The company plans to recruit the warehouse workers and driver of the delivery trucks. The company plans to advertise the new opening of the job and recruit employees on the basis of past job experience. Approach adopted for Sourcing Employee Recruitment sourcing strategies refers to the strategies which business law uses to identify potential employee which the company can recruit as per the requirements of the company. The sourcing strategies of the company are looked into when the company has certain job openings and the company wants to hire personnel for the job opening. The company will be sourcing the employee as required by the company with the use of advertisement media partly and partly from within the organization. The company will be hiring warehouse workers and drivers for the delivery truck with the use of advertisement media which can be done through advertisement agency or through social media. The requirements of the online e-commerce team will be recruited from within the organization as the management has decided that the sales team will be trained such that employees from sales team can look after the e-commerce website and customer services which the company is planning to establish. One of the main reasons for selecting advertisement mode for recruiting process is because in advertisement mode the company can provide a description of the job and announce to the potential employees what the company is exactly requiring for the designation. And there are also cases which shows that the through advertisement in social media, genuine candidates apply for the designated post. Moreover when advertisement is done in social media, the company receives applications from different candidates, which enables the company to shortlist the number of employees out of which the company can select the employees. The company also uses recruitment of employee from within the organization for the online e-commerce sales team. The company wants to re-train the present employees of the company for the new sales e-commerce team as such employee are already accustomed to the policies and environment of the company. Assessment of Candidates For the purpose of this assignment, the assessment for the post of warehouse employee and online e-commerce and customer service employee. The general approaches will include interview and a program for training for employees opting for online e-commerce services. The interview questions which can be asked to a candidate who is applying for the post of warehouse employee are given below in the chart: Interview planning for the post of Warehouse Employee Planning aspect Description Time 1. Type of interview Selection Interview 2. Objectives The objective of the management is to appoint an individual who has prior experience in same field. The personnel should have appropriate management skills and problem solving ability. 3. Approach and style The company will be following tailor designed for the specific job which is related to warehouse management. 4. Schedule 1. Establish rapport with the employee 2. Set agenda of the business. 3. Collect information about applicant. 4. Discuss job and company thoroughly. 5. Invite applicants questions. 5 mins 10 mins 5 mins 10 mins 5 mins 5. Topics and questions ? Previous work experience in specific job functions. ? Previous training and education. ? Hints of career plans and interests. ? Explanation of the job and company benefits. Page Interview planning for the candidate of online service department Planning aspect Description Time 1. Type of interview Selection Interview 2. Objectives To ensure that the candidate has basic knowledge of the online websites and how to handle the same. To recruit an individual who can handle every situation with best possible outcome 3. Approach and style The management will be adopting a conversational approach so that the communication skills of the candidate can be judged 4. Schedule 1. Establish rapport with the employee 2. Set agenda of the business. 3. Collect information about applicant. 4. Discuss job and company thoroughly. 5. Invite applicants questions. 5 mins 10 mins 5 mins 10 mins 5 mins 5. Topics and questions ? Previous work experience in specific job functions. ? Previous training and education. ? Hints of career plans and interests. ? Explanation of the job and company benefits. Page. Induction of Successful Candidates The successful candidates who are selected by the above process will be firstly introduced to the team under which the employee will be working and will also be introduced to the team head to whom such employees will be reporting. The employee will be given an overview and the work ethics of the team and will be provided new equipment which the employee will be needing such as laptop. The above activities will be on the first day of the new employee. The employee is then placed in training for a 1 or 2 weeks period and after that period an official induction ceremony is conducted to officially welcome the employees to the company. At the end of the training period and induction ceremony the employee will be officially be working the team. As per the policy of BBQ fun the employee performance evaluation will be conducted after a period of 3 months. Physical Resource Requirements BBQ fun is trying to expand its business with the help of e-commerce websites and increasing the sales of the company. The physical resources which the company will be requiring as per the budget prepared by the company are six trucks which will be necessary for the distribution of the products (Van Wyk 2016). The company will also be requiring four forklifts which will be necessary for the business. As per the capital requirement of the budget, the company requires a capital of five million dollars for the smooth running of the business. Options available for Resourcing Resourcing Option Advantage Disadvantage Open Market Purchase The basic advantage of the purchasing the resources from open market is that the company has a lot of options available to it and a range of prices is available in the open market. The disadvantage which the company faces is that the market prices are in most cases high and therefore also there exists risks which are associated with open market purchases. Second hand Purchase The main advantage of this method of purchasing is that the prices of the resources purchased are quite low as the products are second hand. In comparison with new resources, second hand products are less costly. The disadvantages which is associated with this method is that the resources such as equipment and machinery can be outdated or defective. The machinery or equipment may not have a long useful life and will be useless for the company in a period of few years. Tender The basic advantage of using this method of purchasing is that the company gets a wide range of offers for the tender and then the company can choose the most competitive and suitable price. The only disadvantage of this method of purchasing is that the number of persons showing up for the auction will not be considerable. Another disadvantage is the complexity of the entire process associated with the method. Physical Resourcing Option Approved The company has selected the open market purchase method for the purpose of acquiring the assets like the six trucks which will be used by the business in the distribution of the products from the warehouses and also for the purchase of the four forklifts. The main reason for the selecting the open market purchase method is that the company plans to engage in the contract with the supplier of resources so that the supplier can provide the resources in future at the predetermined prices. Another reason is that the company get a wide range for the same product at competitive prices. Potential suppliers Potential Suppliers Specialization Charles automobile company Forklifts and Machinery William and sons Pvt ltd Trucks and automobiles King motor company Forklifts and trucks Evaluation of Suppliers Charles automobile company William and sons Pvt ltd King motor company Factor Weight (W) Score (S) Weighted score (W x S) Score (S) Weighted score (W x S) Score (S) Weighted score (W x S) Delivery speed 50 20 1000 40 2000 30 1500 Range of options 20 30 600 40 800 50 1000 Quality 60 20 1200 30 1800 20 1200 Total 130 70 2800 110 4600 100 3700 Price (% of budget) 30 100 3000 150 4500 200 6000 Total score/ price 160 170 5800 250 9100 300 9700 The most appropriate supplier which can be determined from the above table is William and sons private limited as per the above table. Selection of Supplier by Tender Bid Method BBQ fun will be requiring raw materials for which the company has decided to issue tender which will allow the company to select the best bidder who will be selected and given the tender to supply the raw materials for the company. First of all the company will be advertising an article which will be inviting all potential raw material suppliers to come to the auction for bidding for the tender. The company will be then appointing an auctioneer who will be conducting the auction. The auction will be starting at a base price which will be predetermined by the company as per the rate preferable by the company. The auction will begin at a base price and the price will gradually increase part by part until it reaches a saturation point and the tender will be given to the highest bidder and the supplier will be given the contract for supplying the raw material. Intellectual property of the company refers to the intangible assets of the company which the company possess such as patents, copyrights, trademarks. Risk management in relation to intellectual property covers the areas where adverse events occurring can affect the useful life of the property. The intellectual property of the company includes patents, copyrights. Every company which has intellectual property which gives the company a competitive advantage is likely to face certain risks (Bently and Sherman 2014). The intellectual property of the business may be acquired or developed depending on the nature of the business. The company faces a risk that the same intellectual may be developed or used by other third parties. There is a risk that the trade secrets of the business which is also considered as an intellectual property of the business may be leaked by the employees of the company when they either leave the employment of the company or even during the employment of the compa ny. In case where the company is using intellectual property of a third party on a lease basis then there is a risk that employee might not be aware hoe to use the same and damage the asset in the process (Drahos 2016). There is always risk for suits against intellectual property violations which can be filed against the company when there is a breach of intellectual property contract. The various measure which the company can implement in order to avoid the above mentioned situation are given below: The company ensure that the company has a contract which include a clause which clearly points out that the company cannot use intellectual property of any third party without prior consent on the matter (Williams 2013). In order to protect the intellectual property of the business, the company should make every employee sign a confidentiality contract which forbids such employee to disclose the trade secrets of the company even if the employee is out of the service of the company. In order to protect the intellectual property of a business a person needs to claim the legal rights of the property so that if a third party copies the same, the company can sue the third party for the damages. Reference Bently, L. and Sherman, B., 2014.Intellectual property law. Oxford University Press, USA. Bratton, J. and Gold, J., 2012. Human resource management: theory and practice. Palgrave Macmillan. Brewster, C. and Hegewisch, A. eds., 2017.Policy and practice in European human resource management: The Price Waterhouse Cranfield survey. Taylor Francis. Daley, D.M., 2012. Strategic human resources management.Public Personnel Management, pp.120-125. Drahos, P., 2016.A philosophy of intellectual property. Routledge. Finch, B., 2016.How to write a business plan. Kogan Page Publishers. Van Wyk, F., 2016.A framework for incorporating business risks in physical asset replacement decisions in capital-intensive industries(Doctoral dissertation, Stellenbosch: Stellenbosch University). Williams, H.L., 2013. Intellectual property rights and innovation: Evidence from the human genome.Journal of Political Economy,121(1), pp.1-27.