1. Why should you develop an HRM strategic plan? 2. Which components of your HR plan will you have to change? 3. What additional information would you need to create an action plan for these changes?

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section15.5D: Liabilities And Owners’ Equity
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We Merged…Now What?
Earlier this month, your company, a running equipment designer and
manufacturer called Runners Paradise, merged with a smaller
clothing design company called ActiveLeak. Your company initiated
the buyout because of the excellent design team at ActiveLeak and
their brand recognition, specifically for their MP3-integrated running
shorts. Runners Paradise has thirty-five employees and ActiveLeak
has ten employees. At ActiveLeak, the owner, who often was too busy
doing other tasks, handled the HRM roles. As a result, ActiveLeak has
no strategic plan, and you are wondering if you should develop a
strategic plan, given this change. Here are the things you have
accomplished so far:
• Reviewed compensation and adjusted salaries for the sake of
fairness. Communicated this to all affected employees.
• Developed job requirements for current and new jobs.
• Had each old and new employee fill out a skills inventory Excel
document, which has been merged into a database.
From this point, you are not sure what to do to fully integrate the new
organization.
1. Why should you develop an HRM strategic plan?
2. Which components of your HR plan will you have to change?
3. What additional information would you need to create an action
plan for these changes?

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