Staffing Strategy

The staffing strategy will involve putting together a combination of workers that is strategically designed to meet the needs of the organization and the realities of the labor market. Also, it will entail reviewing all jobs within the organization to determine how best to organize employees and resources to meet the organizational.

Short-term staffing strategy

Identification and employee scheduling:  This will entail identifying the needs and the assessment of the positions that are crucial to the organization’s overall functions. Currently the organization in need of a Chief FinancialOfficer (CFO) and a strategy manager. The primary role of the CFO would be to manage the organization’s finances, including financial planning, management of financial risks, record-keeping, and financial reporting. The purpose of the strategy manager will be to help the organization to create plans to meet specific objectives. The means to fill this position will be recruitment.

Recruiting: The recruitment process will kick off by interviewing potential candidates. Only players with the right mix of skills and abilities will be considered for the positions.

Long-term staffing strategy

Retention: Once the positions have been filled with the right people, efforts will be put in place to ensure they are retained for the job. Employee training and development programs will be developed as soon as possible to helpthem sharpen their skills, concepts, and change their attitude and gain more knowledge to enhance their performance. Rewards benefits such as life insurance; retirement benefits; paid time off, and fringe benefits will also be provided for both positions.

Budget: Budgeting for the two positions will encompass determining the staff levels and their associated cost for a particular budget cycle. A qualified CFO will receive a salary of about $6,000 while a strategy manager will be paid $5,500 per month.

Job Description

The CFO of the organization will be responsible for the planning, implementation, managing and running of all the organization’s finance activities. These activities will include budgeting, forecasting, and financial negotiations. She will also be responsible for obtaining and maintaining investor relations. She will report directly to the CEO and will be required to work closely with the COO. This is to ensure that all strategic and tactical issues relating to budgeting and cost analysis are adequately addressed.

The strategy manager will be responsible for conducting data analysis to help the organization develop concrete plans that align with the overall objectives. He will also be recommending measurable steps to organizational goals. After the goals of plans have been set, the strategy manager will work collaboratively with the relevant department managers to set the plans into motion.

Appraisal process

The employee appraisal process will start by establishing performance standards that will be used as a benchmark for appraisal. These standards will then be communicated to the employees. The other step will involve measuring employees’ performance and comparing it against the standard performance. The result will then be communicated to the employees and an action plan agreed upon.

Training needs

To ensure that the employees are independent thinkers responsible for making good decisions based on limited information, the following training need will be addressed: adaptability, customer focus, analytical skills, managing change, teamwork, leadership skills, interpersonal skills, and risk management. The training schedule will focus on different set out agendas. The first will be the reasons why employees need the training followed by the kind of skills need imparting. The third will be who needs the training most while the fourth and fifth will be when the new skills are needed and the location where the training will be conducted respectively.

References
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