The Company is an Garments Style Company - Case Study - Human Resources Assignment Help

Assignment Task

Scenario
The company is an garments style company. It is approximately 30 years old. A core line of products is in the decline stage of the life cycle while a new business venture is in the growth stage of the business life cycle. A third component of the company is in a regrowth stage.
You are the Human Resource Manager. You have been asked to create a forecast of the human resources needed to meet the strategic business objectives. You must consider the company demographics, industry trends, business objectives, social sensitivity and market stability and or growth. You will include a table for each sector demonstrating/showing the projected growth pattern proposed.

Exercise
Defend each of your strategies by outlining issues and/or benefits as a result of each strategy recommended.
Company Statistics

Sector 1: Technology
This section is in the growth stage of the business life cycle. This is a relatively new operation for the organization. The technology sector was introduced approximately 3 years ago and is new leading-edge technology. This area is generating healthy profits and the intention is that this sector will eventually replace (within 5 years) the manufacturing sector as the core line of the business. Skills sets required are limited at this time but as the technology industry heats up high skill sets will be required. The company would like to increase its workforce by 100% each year for the next 2 years to meet its sales and revenue forecast.
The demographics of the Technology Sector include:
    20 men       -        median age is 25 years
    20 women  -         median age is 25 years
    Skill level    -         High, and in demand
    Average turnover: 12% per year

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