Woodcorp Inc Essay

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WoodCorp COMPANY NAME: WoodCorp Inc. INDUSTRY: Carpentry and wood finishing HEADQUARTERS: Vancouver, British Columbia COMPANY TYPE: Publically corporation PRODUCTS: Wooden office furniture EMPLOYEES: 150 SUMMARY WoodCorp Inc. specializes in the manufacturing of in demand wooden office furniture and has been in operation for 35 years. The company currently employs approximately 150 people and it has been publically traded for the past ten years. Many employees have been working with WoodCorp since it was founded and will be retiring over the next three years. These employees include plant workers, as well as, key managers. Some new employees have been hired to ensure management succession but crucial positions need to be filled and significant experience and expertise will need to be replaced. WoodCorp has also experienced some difficulty recruiting skilled finish carpenters to fill vacant positions. There are many reasons for these human resource issues including: competition, shortage of skilled workers, and outdated planning and recruitment; however, a 3-year success plan is in place, main issues have been identified, and with careful consideration these issues can be pro-actively addressed. PROBLEMS AND EFFECTS 1. The general controller will soon retire and no one in-house is qualified to replace him. - The general controller has been with the company for many years. He has specific financial skills, gained significant knowledge of the company’s history, including its finances, and the CEO of the company consults him for strategic decisions. The company must find a way to replace the general controller with someone qualified and experienced, who has in-depth knowledge of the organization in order to keep things running smoothly. 2. The manufacturing director will also soon retire. - The manufacturing

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