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Essay / Research Paper Abstract
This 5 page paper begins with a scenario wherein the CEO is terminally ill and accidents have risen by 50 percent along with all the other challenges HR directors face. The essay discusses the immediate actions the HR manager must take, i.e., plan for the succession of the CEO, and then discusses the other steps the HR manager needs to do, such as considering technology to reduce labor costs and to institute incentives for employees. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGsmchr.rtf
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Unformatted sample text from the term paper:
has increased by 50 percent; many of the employees are bilingual; and to make matters worse, the CEO is terminally ill. What can the HR manager do now and over
the next five years to help the company maintain a competitive advantage? The situation never should have been allowed to progress to this state. If these issues have been brewing
over two years, actions should have already been taken. It is extremely difficult to prioritize the actions that must be taken, however, the company needs a CEO. Therefore, the first
step will be to develop a plan of continuity. The HR manager needs to first assure continuity in the company by developing a succession plan (Workscape, Inc., 2004). At this
point of crisis, this means assessing the skills of executives who might move into at least a temporary or interim position as CEO. The tasks needed for this plan is
to determine first the knowledge, experience, skills, and characteristics the new CEO will need to take over the company. An assumption is made here that while the CEO is terminally
ill, he is still able to perform most of his duties. As many of those duties as possible need to be delegated as the CEO becomes too ill to continue.
In this situation, the current CEO should be able to identify which executive is best able to take over. The succession plan will need to incorporate who will be taking
over the responsibilities of the executive who will be appointed interim CEO. This executive then needs to identify who has the capabilities for these responsibilities. The next step is
to develop the recruiting materials for hiring a new CEO. Simultaneously, the HR manager needs to address the serious issue of accident rates in this company. The first step is
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