transforming the human resources functions using strategic approaches

Running Head : A Human Resources Report To The Acquisition Board Of XXYY Corporation

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A Human Resources Report to the Acquisition Board of XXYY Corporation

Executive summary

XXYY Corporation acquired Red Slash , a family company that has existed for twenty years . Red slash will be one of the subsidiaries or associate companies for the XXYY Corporation with the Head office at Santa Clara and many offices all over the world . The new acquisition changes the management structure , with a focus on the combined

entity 's human resources

INTRODUCTION

The holding company XXYY Corporation will have an extra , one hundred members of staff . These new human resources from Red Slash are unskilled and are just working for the family / friend 's business . Human resources for the new combined XXYY Corporation need to be transformed by using strategic approaches . This transformation will be improving the intangible assets or resources , which make up the human capital for the company

The body

Transforming the human resources function using strategic approaches will involve a thorough research and development program , on the human resources department . The strengths and weakness of the members of staff in Red Slash need to be , determined and the main focus should be on the main weakness , which relates to the employment of unskilled family members and friends . Human capital need to have the necessary knowledge , skills , education and experience to provide entrepreneurial ability , that will coordinate all the other factors of production and improve the Profitability , Earnings per share , Market value and general returns to the XXYY holding company . A plan to improve the human resources for the combined entity , especially the new employees from the Red slash subsidiary . Implementation of the plan should be within the first financial or economic year from the date of merging . The unskilled human capital need to be rejuvenated so that they can effectively coordinate with those in the Holding company XXYY corporation and with the , operational , middle management and Top management personnel

Tom G (2003

To transform the human resources of Red slash , I will explain the following strategic approaches

Conducting organization analysis through human resource audits , job analysis and revamping the recruitment and selection process

Revamping refers to the changing or arranging the human capital to achieve the company 's success . Human resources in Red slash were not acquired through just and equitable procedures . The acquisition Board of XXYY Corporation should officially examine the employees who are currently holding positions in Red Slash . This kind of human capital does not posses the initial ability , knowledge and skill to work for the combined entity . Retaining this kind of workforce will be to the loss of the company , because revenues will be maximized at high costs huge salaries and wages being paid to unproductive workforce or human resources . Family people and friends working for Red Slash should be replaced with new employees . Selection procedures should be fair and justifiable . The new workforce structure for XXYY Corporation should be composed of only...