FASTENING TECHNOLOGIES LTD

Fastening Technologies Ltd

Fastening Technologies Ltd

Executive Summary

This report evaluates the extent to which Human Resource (HR) strategy integrates with business strategy of Fastening Technologies Ltd both horizontally and vertically. Paul Iles model is adopted to illustrate the integration in Fastening Technologies Ltd Furthermore, HR initiatives ad mentioned in the case study is considered to determine the extent of its added value and methods to measure the added value. Finally, the option on either to recruit a new HR director or hand over HR issues to line manager is evaluated and recommendation given in favor of a new HR director.

Table of Contents

Fastening Technologies Ltd3

Objectives3

Vertical Integration3

Structural Changes3

`In Armstrong (2000) view, HR director should be include on the board as they are there envision HR strategy. The inclusion of HR director on the board of Fastening Technologies Ltd indicates vertical integration between HR strategy and the business strategy. This alignment is very important because it enables HR strategy to be incorporated into business strategy when drafting business strategy. In a similar view, [Millward et al (2000) cited in Marchington & Wilkinson] suggested that for HR issues to be taken seriously in organization, an HR specialist person must be present on the board.3

Job Role Profiling3

Individual Attitudes & Behavior3

Evaluating Horizontal Integration3

Training & Development/ Career Management3

Added value of HR Initiatives3

The Balanced Scorecard3

Change In Responsibility3

Conclusion and Recommendations3

References3

Appendix3

Fastening Technologies Ltd

Objectives

The aim of this report is:

To evaluate the extent to which Human Resource Strategy is both vertically and horizontally integrated into the Business Strategy

Examine key HR initiative and how its add value to Fastening Technologies Ltd and method use in measuring it.

Recommend that Fastening Technologies Ltd should recruit another HR Director after Dennis Finn moves on.

Vertical Integration

In reference to the case study, both vertical and horizontal integration is evident in FASTENING TECHNOLOGIES LTD; however, it is evident in different degree. Fastening Technologies Ltd based on the case study tends to be more integrated vertically than it is horizontally. T o illustrate the extent of integration, Paul Iles model will be adapted to Fastening Technologies Ltd case study.

Paul Iles model has been selected based on the evidence in the case study that support the 'Best Fit' Approach. This model covers all aspects that directly or indirectly affect the Business Strategy.

SWOT analysis

Annual organizational climate surveys

A focus on the training on teams for fostering a more participatory organizational culture

Training programs for the HR group

Promotion & recruitment within the company

Performance related pay( PRP) & Annual bonus which is related to company performance

Individual Development and feedback

Performance Appraisals aligned 360 degree feedback & regular performance feed back to enhance their performance

Structural Changes

`In Armstrong (2000) view, HR director should be include on the board as they are there envision HR strategy. The inclusion of HR director on the board of Fastening Technologies Ltd indicates vertical integration between HR strategy and the business strategy. This alignment is very important because it enables HR strategy to be incorporated into business strategy when drafting business ...