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GSBS6060 Strategic planning


Strategic planning can be described as the implementation and execution of the of the resources that the provided to the company and proper working of the mechanisms The plan consists of the following vision, missions, values, weaknesses, strengths, tactics and more. The report comprises of the strategic plan related to the human resources.


Management of the performance

Professional development

Occupational health and safety

Job design and job analysis

Orientation and induction

Human resources information systems.



Actions Responsibility Budget implications Performance Indicators Target date
Recruitment by efficient agencies HR Manager Having a high qualified interview
Proper training and programs Line manager $1000 Number of participants 1 month
Sourcing for candidate HR Manager The matching goal for the same. 1 month
Having workplace flexibility HR Manager $0 Having a high number of motivated employees 1 month
Giving the increments and rewards HR Manager $1000 Decreasing employee turnover 1 month

B. Workforce development

Actions Responsibility Budget implications Performance Indicators Target date
Having particular and clear targets HR management Increase in productivity and efficiency
Giving recognition and reward HR management $1000 Increment in the productivity 6 months
Introducing the technology HR management Increase in technological learning 6 months
Professional development HR management $1000 Increase in the staff management and performance (Stone, et al., 2020) 6 months
Workplace flexibility HR management $1000 Increase in proficiency 6 months

c. Supporting and valuing the workforce

Actions Responsibility Budget implications Performance Indicators Target date
Having smart objectives HR management Increase in the staff performance
Having a training program HR management $1000 Employee retention 6 months
Getting appropriate feedback HR management Increment in productivity 6 months
Reviews of the performance HR management $1000 Increment in efficiency 6 months
Participation of the workers in terms of decision making process HR management $500 Having motivated employees 6 months

Risk management

The risk assessment process will be used by the management team to ensure risk control methods are included in all organisational planning, management of operations and governance.


Definitions are based on the Australian and New Zealand Risk Management Standard AS/NZS 4360:2004.


The chance of something happening which will have an impact upon objectives. It is measured in terms of consequence and likelihood.


A qualitative description or synonym for probability or frequency.


The outcome of an event or situation expressed qualitatively or quantitatively, being a loss, injury, disadvantage, or gain. There may be a range of possible outcomes associated with an event.

Risk assessment

The overall process of risk analysis and risk evaluation.

Risk treatment/control methods

Selection and implementation of appropriate options for dealing with risk. Conceptually, treatment options will involve one or a combination of the following five strategies:

  • Avoid the risk.
  • Reduce the likelihood of occurrence.
  • Reduce the consequences of occurrence.
  • Transfer the risk.
  • Retain/accept the risk.

Risk management process

The systematic application of management policies, procedures and practices to the tasks of establishing the context, identifying, analysing, evaluating, treating, monitoring and communicating risk.

Risk assessment legend


Risk Management Plan

Risk description Likelihood of risk Impact of risk Priority of risk Preventative Action/Contingency Plan
Fluctuation of the Australian policies Frequent Significant High Reviewing and monitoring the policies of the company.
Drop in the cash flows Frequent Significant Low Knowing the forecast and sales of the company.
Not having expected clients recruited Frequent Significant High Providing a pricing structure for the competitive facilities.
High competition Frequent Catastrophic High Upgradation of Technology and knowledge.
Failing in monitoring of the expenses Frequent low High Having effective planning in terms of reviewing the financial activities (Boxall & Purcell, 2022).


Snell, S., & Morris, S. (2018). Managing human resources. Cengage Learning.

Stone, R. J., Cox, A., & Gavin, M. (2020). Human resource management. John Wiley & Sons.

Svinicki, M. (2014). McKeachie’s Teaching Tips: Strategies, Research, and Theory for College and. Wadsworth, Cengage Learning.

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