Nobody downloaded yet

Human Resource Plan in Zeagol Company Ltd - Research Paper Example

Comments (0) Cite this document
Summary
 This research paper develops a project charter to revamp this compensation and benefits package in Zeagol Company Ltd. Because in recent, this company has been losing its employees to its competitors who have been promising them better packages and pay…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Human Resource Plan in Zeagol Company Ltd
Read TextPreview

Extract of sample "Human Resource Plan in Zeagol Company Ltd"

Download file to see previous pages Zeagol Company Ltd was established in 1986 and has been operating in the pharmaceuticals industry since then. This company produces and markets drugs, medicinal chemicals, and other pharmaceutical products to laboratories in the state of California. This company has a comprehensive compensation and benefits package that is aimed at retaining and compensating, its five hundred employee base, which has been responsible for its profitability and growth. This paper designs a project charter to give a face-lift to this compensation and benefits package. Project Charter to Revamp the Compensation and Benefits Package This charter is created to formally authorize a project to develop and implement an upgrade to the existing compensation and benefits package. Included in this charter is a scope statement; a communication plan; and a work breakdown structure. The scope of the Project 1. Background In the past two years this company boasted of having an employee base of seven hundred laborers. This indicates that the number of employees has decreased by nearly twenty-eight percent. One major reason for this decreased number is last year’s mass layoff that was carried out with an aim of doing away with the irrelevant and needles job positions. In this layoff, several departments were all also merged with an aim of reducing costs. Unfortunately, this layoff plan has not worked to the advantage of this company, since two years down the line this company’s profits have been declining ever since this mass layoff was carried out. Somehow this layoff plan affected the employees psychologically since the remaining ones either lost the morale to work or resigned for greener pastures. This resignation trend has increased since the beginning of this year, with some of the employees opting to leave unceremoniously without any formal notification. An attempt was made to solve this issue by changing the human resource manager, but this is not enough. It is important to this company the greener pasture that will attract the best employees in the market, and this can only be done through major changes in the compensation and benefits packages. Currently, this company’s compensation and benefits package are structured as below, The employee’s benefits include the pension and retirement plans, life and health insurance packages, and the federally required unemployment and workers compensations. The employee compensation covers the wage and salary program and structure for the different job categories and levels. This company’s paying method has been conducted in line with the base pay method where employees are compensated depending on their role in the organization (Mathias & Jackson, 2010, p. 27).   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Human Resource Plan in Zeagol Company Ltd Research Paper”, n.d.)
Human Resource Plan in Zeagol Company Ltd Research Paper. Retrieved from https://studentshare.org/human-resources/1435946-planning-document
(Human Resource Plan in Zeagol Company Ltd Research Paper)
Human Resource Plan in Zeagol Company Ltd Research Paper. https://studentshare.org/human-resources/1435946-planning-document.
“Human Resource Plan in Zeagol Company Ltd Research Paper”, n.d. https://studentshare.org/human-resources/1435946-planning-document.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Human Resource Plan in Zeagol Company Ltd

Zenn Motor Company Ltd

...Zenn Motor Company Ltd Chapter Question ZMC has answered the question “What is marketing” by availing a commodity to consumers, which its use is effective and efficient. It has conducted marketing by providing its consumers with a vehicle that is friendly to the pocket and environment. ZMC has created and delivered to consumers a form of vehicle for personal transportation, which is “zero emission no noise” better known as “ZENN”. Ultimately, ZMC has addressed the question of marketing by creating, pricing, distributing a form of electric vehicle that is efficient for consumer use and above all it is environment friendly (Boone & Kurtz 34). Question # 2 The critical relationships that ZMC should focus on...
3 Pages(750 words)Assignment

Organizational Strategic Human Resource Plan

...they are responsible for. As we touched on earlier 5 Star Consulting has a Head Recruitment Officer, 2 employees that focus on improvement of compensation packages, we have one employee who’s sole responsibility is planning within the organization, the rest of the team focuses on website design and employee retention. Because of the specialized staff the HR department can properly staff the company to help make it the most successful PR consulting agency in the Southeast. Human Resource placement is integral in producing a productive company. 5 Star Consulting takes a blended approach to the roles of the HR dept. By incorporating administrative,...
4 Pages(1000 words)Essay

HUMAN RESOURCE PLANNING IN MACDONALD COMPANY

...? HUMAN RESOURCE PLANNING IN MACDONALD COMPANY By Lecturer: of Affiliation: and Executive Summary The research project evaluated the recruitment, training, retention and learning, as well as, development strategies employed by human resource managers in MacDonald Company. The researcher began by introducing the topic under study and provided precise information about MacDonald Company. It revealed the way many companies such as MacDonald Company, which are providing large elements of personal services can achieve success through employing HR planning or...
11 Pages(2750 words)Essay

Human Resource Management suggestions for Losalot Ltd

...HRM Human Resource Management (HRM) is a planned approach to managing people effectively to perform in the best interest of the organization they work in. Human resource seeks to establish a flexible and caring management style that strives to motivate its employees in such a way to give their best to support the concerned departments they represent. Good HRM practices are instrumental in helping achieve departmental objectives and enhance productivity. In the larger interest of a company it is imperative that employees are taught the nuance of the trade. Personnel with positive attitudes and can lend themselves to the causes are what...
34 Pages(8500 words)Essay

Human Resource Management Company Changes

...Running Head: Human Resource Management Company Changes Human Resource Management Company Changes s Human Resource Management Company Changes The selection and placement of employees is one of the most important parts of running a successful organization. "Any organization that intends to compete through people must take the utmost care with how it chooses organizational members. Employee selection decisions made over the course of an organization's history are instrumental to its ability to survive, adapt and grow."(De Cieri, H. & Kramar R., 2003) . There are many methods used...
5 Pages(1250 words)Essay

Human Resource Development at Primark Stores Ltd

...and Objectives The main intention of the study is to develop an understanding of the concepts of Human Resources Management in general and how the established theories and principles are applied to a particular organization. During the study an effort will be made to observe the general working at Primark store in Manchester to seek answers to the following key objectives. To analyze the competition and HR scenario in the retail industry in general. How Primark has been able to motivate its staff in view of shrinking profit margins in the retail industry. Prerequisite to a decent work culture is about respecting individuals and treating everyone, customers and colleagues, with dignity. How Primark has...
3 Pages(750 words)Research Proposal

Bela Pinga Ltd Company

...Bela Pinga Ltd Company Introduction Bela Pinga Ltd is an established company having existence for over ten years. Bela Pinga Ltd sales and purchase different types of Wines. They are an SME, therefore, have a limited resource. At presently most of their Information System is paper based. They are planning to have an E-Commerce solution (Information system) for their routine activities so as widening current customer base and simultaneously improving their services to the customer. Bela Pinga Ltd. had employed an information consultant and she identified that the E-commerce solution must integrate Sales...
6 Pages(1500 words)Essay

Recruiting plan for human resource

...Recruiting plan for human resource Recruitment Plan Job Advertisement for the post of Sales Administrative Assistant The Sales administrative assistant would be supporting the Zonal sales manager for the West area of America. The incumbent would be responsible co-coordinating and administering day to day field activities. The job role will involve acting as a liaison between the sales manager, key executives and other key members of the team. The sales administrative must maintain high level of confidentiality. The role will need to work under pressure, scrupulous attention to minute details. The person recruited would be responsible for providing support as well as the growth of the sales force. Job Responsibilities To provide... up to...
5 Pages(1250 words)Research Paper

Human Resource Plan

...: The products and services of Sinopec includes gas and oil exploration, marketing, refinery, sales and production of petrochemical products, chemical fertilizers and fibers. Other services include transportation and storage of crude oil, petrochemicals, refined oil products, and other petro-related chemical products (Wu, 29). Objectives: Sinopec Company is a very large organization, and on this basis, it needs an elaborate human resource plan. This human resource plan can guide the company into recruiting the best human resource personnel for the various positions it...
6 Pages(1500 words)Essay

Human resource practices: Waitrose Company

...Human resource practices: Waitrose Company Introduction When Wallace Waite, David Taylor and Rose established their first grocery store in London 1904, they had no idea that a century late, the company would dominate the food retailers industry and employ over 37,000 people (Tan 2002). John Lewis Partnership went on to acquire the company in 1937, establishing the famous Waitrose supermarket in 1955. Presently, there are 280 branches aimed at offering top-notch customer service and value for their money. . Presently, the partnership has a visionary and resourceful way of carrying out business, key among its priorities being the...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Human Resource Plan in Zeagol Company Ltd for FREE!

Contact Us