Medtech

Medtech

Medtech

1. What are the HRM problems and issues facing Medtech?

Medtech is a biotechnology firm that was established in Melbourne in 2006. Bsick Mason, the founding CEO, has a background in research surgery, focusing in bio-organic chemistry. After accomplishing a PhD and employed in North America for a number of years, account determined to return dwelling to Australia and start up his own bio technology company. Biotechnology is a field of biological science that engages the use of living things in areas such as expertise, expertise and medicine. The exact locality of biotechnology that Bill's administration focuses in is 'Red biotechnology'. This engages a variety of submissions inside health processes. Medtech's prime enterprise is affiliated with the synthesis of organic substances in alignment to administer them as pharmaceuticals for human infections.

Initially account worked with two other bio-organic pharmacists and, with economic support from his family, he drew from study that he had been employed on in the United States to evolve a little but helpful set of biopharmaceutical solutions. He directed for appropriate patents and was allocated exclusive manufacturing rights. With these patents in location output on the pharmaceuticals began.

Medtech now uses about 120 employees who are committed in output and ongoing research. The employees profile is largely made up of a skilled workforce. Within the production group, which makes up about 70% of the workforce, roles include quality control managers, quality control chemists, technical managers and production workers. The study Department is smaller and has a higher concentration of employees with mail graduate requirements, usually in the chemistry sciences.

CEO doesn't know he is an issue? ? no management bg,

no Board of committee to evaluate CEO performance

Breach of Psychological contract

feedback system not suitable for research group

Discrimination: risk of being sued for unfair dismissal

No HRM in the company

job design - leading to lack of motivated employees

recruitment issue in selecting CEO

TURNOVER RATE ? PPL WANT TO LEAVE THEIR JOB “UNLOYAL”?

CEO - BORED OF HIS JOB - job rotation, switch CEO every 6 months or so.

No communication or co-ordination between research and production team

No trainings, job rotations,

Old ceo went away and learns something new, without telling the rest or training others

Communication (mgt 2 mgt; mgt 2 employee; employee 2 mgt) - performance system as solution

Performance mgt - hard hr “close monitoring” and soft HR “new ones”

No Flexibility, How It Will Affect General In The Organization

New changes is good for company, but employees are not happy about the appraisal - how to solve? Performance measurement linking back to “feedback system”. Two types of performance measurement cycle 5keys elements - linking to lecture 2 strategic hrm; goal setting?

New changes seem to be good for the company, but there actually are a lot of hidden risks in Medtech. Threats and weaknesses will be discussed in terms of short, medium and long term time frame as follow.

Short term

There is one immediate threat that Medtech needs to pay attention to.

Medtech has a very high possibility of facing a legal ...