Heilind Electronics Human Resource Strategic Partnership Proposal
Heilind Electronics is one of the prevailing distributors of switches, thermal management, connectors, and circuit manufacturing products, wiring components and insulation products across the globe. In particular, the company is the biggest business in North America that has inventory of connector products. In the contemporary, the company has an excess of 30 locations in the United States, Canada, Hong Kong, Mexico, Singapore and Brazil. In addition, this service linkage incorporates seven different centers of distribution that place the inventory of the company within just one day of shipping for 90% of its consumers. This particular paper encompasses a human strategic partnership proposal. It will delineate three key business challenges and thereafter propose different human resource initiatives to address the challenges ascertained. In addition, an evaluation plan that will take into account the proposed actions ascertained will be discussed
Identification of a Minimum of Three Primary Business Challenges/Objectives
The following are some of the challenges that Heilind Electronics faces:
1. The company aims to increase its market share in the industry. In the contemporary, the company faces a great deal of competition in the electronics business and therefore faces a considerable challenge of attaining a considerable market share in the industry. The objective of the company is to increase this to farther regions and expanses in the globe as a large corporation.
2. Another challenge that can also be perceived as an objective is the company aiming to increase the number of sales in the forthcoming financial years. For instance, the company aims to have 15% increase in its sales volume in the coming financial year and an additional 5% the following two years after that.
3. Lastly, the company faces the challenge...
The company plans on ensuring that the service rendered to its consumers is ranked at 90% and upwards. It also plans on retaining its consumer base (Hernandez et al., 2009).
Proposed Human Resource initiatives to address the challenges / objectives identified
One of the challenges and objectives of the company is to attain a greater market share. To begin with, it is imperative to note that the company can only attain such goals if it has a competitive advantage (Fottler, 2002). In order for the company to improve human resource wise, it is important to understand the importance of developing human capital. This is achieved by effectively leveraging Heilind's human capital to attain its strategic business goals (Fottler, 2002). One of the approaches in this initiative is to have more coaching and also employee development. It is imperative for Heilind to be perceived by all other parties as the employer of choice that is enthusiastic in investing not just money, but also time to incorporate career development programs. The second aspect is to improve the technology that the company has for recruiting and screening its prospective personnel. This is imperative as it will result in top rate staff and personnel, in addition to distinctive candidates who can undertake specialized roles and spearhead the company to greater heights. The company also ought to lay emphasis on financial well-being of its personnel by handing them the components and services to assist them in making better and wiser financial decisions (Fottler, 2002).
With regard to customer service improvement and customer retention, it is imperative to note that customer satisfaction begins with human resource. The HR initiative that will be employed in this aspect will be the implementation of a customer-service training exercise. In particular, the company will train its employees…
