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Essay / Research Paper Abstract
This 12 page paper looks at the Australian Retailer Woolworths, assessing the potential future needs and existing HRM gaps using the seven steps of effective workforce planning as outlined by the IBM Center for The Business of Government, looking at the strategy and environment of the firm to assess gaps and needs and then presenting a recommended strategy. The bibliography cites 7 sources.
Page Count:
12 pages (~225 words per page)
File: TS14_TEwoolhrm.rtf
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Unformatted sample text from the term paper:
and Gap Closing Strategies 9 3.6 Implementation of Gap Closing Strategies 10 3.7 Evaluation and Revision 12 4. Conclusion 13 References 13 1. Introduction In a competitive environment firms have to be able to adapt and
change, responding to a dynamic environment, leveraging the resources that they have and looking forward in order to ensure that they have access to resources needed for the future, either
by acquiring them or by creating and developing them. Human resources may be argue as one of the most important resources a firm has; it is the ultimately human labour
that runs the firms, with physical skills and abilities used in operations as well as the intellectual capital that helps to drive forward a firm from the determination and development
of innovation and to help identify, create and maintain sources of competitive advantage through to the everyday operations for the company, such as how service is delivered. For large
firms, with any employees there are some inherent disadvantages in terms of managing human resources, while there are advantages of scale, including a wide range of skills and resources in
the workforce, the need to adapt and change may be held back by the size and potential bureaucracy, and if resource shortages in certain areas emerge they may take time
to remedy. It ids for this reason that large firm need to consider their human resources need, looking at both current and future needs in order to assess gaps and
determine strategy to remedy current and potential future issues. Woolworths, as Australia largest retailer, with $33,275 million of sales in 2009, and employing a total of 191,000 employees in the
core brand as well as related and diversified subsidiaries, such as Big W, is in a leadership position, one that it lost in the 1980s but managed to regain in
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