Answer to Question #208287 in Management for jess

Question

You have been approached, as an HRM Manager, to design a selection process for managerial positions in a medium sized high-tech firm that faces intense competition on a daily basis. The company has traditionally relied only on informal interviews to select candidates. They are concerned about the high turnover of managerial employees and have employed you to professionalise and formalise the recruitment, selection and induction processes. 

1. Identify the various stakeholders involved in the process and discuss how you would involve them in the design and testing of the new policies and procedures? 

Answer 1

Stakeholders Involved In Process for Managerial Positions in the Company

·        Customers.

·        Communities.

·        Shareholders.

·        Creditors.

·        Government.

·        Labor unions.

·        Competitors.

How to Involve Stakeholders in the Design and Testing Of the New Policies and Procedures

Stakeholder involvement is commonly regarded as a vital approach for improving a company's image and operations. The goal is to look at how their participation is used to build policy in genomics research and the firm and determine future objectives for undertaking evidence-based stakeholder engagements. Each set provides important background for considering how to gather and incorporate informed stakeholder voices into the policy-making process. While many organizations are interested in engaging stakeholders on genetic policy concerns, there is significant variation in the types of stakeholders involved, the aim of engagements, when stakeholders are involved during policy creation, engagement strategies, and the outcomes. Stakeholder participation in genomics policy development is still in its infancy.