INTRODUCTION

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.

PRIORITIES

Management of the performance

Professional development

Occupational health and safety

Job design and job analysis

Orientation and induction

Human resources information systems.

OPERATIONAL PRIORITIES PLAN

A. RECRUITMENT, SELECTION, AND INDUCTION

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

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

Risk

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

Likelihood

A qualitative description or synonym for probability or frequency.

Consequence

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

Source: https://www.google.com.au/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&docid=7GxmjjGohwE9SM&tbnid=MciNt9M2FGx6JM:&ved=0CAUQjRw&url=http%3A%2F%2Fwww.backwoodshome.com%2Fblogs%2FClaireWolfe%2F2012%2F10%2F23%2Fpreparedness-priorities-part-v%2Friskmatrix%2F&ei=S5drU4jXAqSa0QWh4YG4CQ&bvm=bv.66330100,d.ZWU&psig=AFQjCNGShq9oLNdqTeacWBtT2-Gc_zRn8w&ust=1399646355223547

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).

References

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.