Human Resource Structuring All: Apply SMART objectives to a business vision All: Explain human resource planning Most: Structure a business organisation for 5 co owners

SMART Objectives

Do Now: Write down two objectives for achievements in your life. Are your objectives S.M.A.R.T.?

Example One – Scholarships Objective - Increase the number of scholarships available to Business & Law students by introducing 3 new scholarships for students to apply in 2018. Each scholarship awarded will be a minimum $3,010 per scholarship. Breakdown of Objective Specific - says what the staff member will do (increase the number of scholarships offered to Business & Law students) Measurable - states how many scholarships to be introduced (3) and how much is to be awarded ($3,010 per scholarship) Achievable - staff member has the necessary contacts and resources from previous years, other faculties and relevant policies to refer to Relevant - links with the faculty's goal to increase student attraction and retention numbers Timely - indicates that new scholarships must be ready for students to apply by 2018.

Example Two - Events/ Project Co-ordinator Objective - To achieve attendance of at least 150 guests at the national Education conference on 31 March 2018 by sending a promotional email to all relevant Education Professionals within Australia by 30 November 2017. Breakdown of Objective Specific - says what the staff member will do (achieve attendance and send promotional email to all Education Professionals) Measurable - states the minimum attendance rate (at least 150 guests) Achievable - staff member has a listing of all guests to send invitation and conference is held at a time convenient that does not conflict with other conferences Relevant - links into other forums about the Education sector to be conducted later in 2018 Timely - event to be held on 31 March 2018 & all promotional materials to be distributed by 30 November 2017.

Example Three - Administrative Officer Objective - Organise and provide administrative support to [name of] committees, including the development and distribution of agendas and minutes at least 2 weeks before and after the meeting. Breakdown of Objective Specific - says what the staff member will do (organise and provide admin support) Measurable - states to whom the admin support is to be provided for (committees X, Y, Z) Achievable - staff member has a listing of all the relevant committees and its members, dates, venue, catering resources Relevant - supports the executive management team in ensuring meetings are conducted throughout a given period Timely - agendas and minutes to be distributed to committee members at least 2 weeks before and after the meeting.

Human Resource Planning

Skills Audit Organisations need to structure their human resources to reflect: Skills and strengths Product / service Vision, Aims and Objectives

Task Groups x5 Business ideas – Cleaning business Dog walking Creating jewellery Printing T-shirts Recycling rubbish

Stakeholders

Stakeholders A stakeholder is any person or group of people with a direct interest in or is affected by the performance of a business. Questions. How do stakeholders and shareholders differ. Who will be the major stakeholders in your market day businesses