WoodCorp Inc. specializes in the manufacture of wooden office furniture. Its main clientele is situated in downtown Vancouver and its plant is located north of this city. The furniture WoodCorp manufactures is very much in demand because of its original yet understated design that is appropriate for the business world.
In operation for 35 years, the company employs approximately 150 people and has been listed on the stock exchange for the past ten years. The CEO and you, the director of human resources, have just put the finishing touches on a detailed succession plan for WoodCorp employees, based on a three-year horizon.
Within three years a number of your key managers, many of whom have been working at WoodCorp since it was founded, will be taking their well-deserved retirement. In recent years, few new employees have been hired to ensure their succession.
Two major points emerge from the succession plan:
• The general controller plans to retire within the next year and no one in-house is qualified to replace him. In addition to his specific financial skills, he has the company’s financial history at his fingertips and is the CEO’s right-hand man. In fact, the CEO consults him for every strategic decision he has to make. Since WoodCorp is a public corporation, this position is crucial for it to continue its smooth operation.
• WoodCorp’s manufacturing director joined the company 30 years ago as an administrative clerk. He gradually moved up through the positions of production clerk, technician and supervisor and was eventually appointed manufacturing director. During this time, he attended evening classes and completed a bachelor’s and a master’s degree in administration. As manufacturing director, he is a member of the company’s management team and the CEO has a lot of respect for this director’s opinion. Over the years, his career path, performance and fair decisions have earned him considerable credibility. He is also respected by his team because he knows the company inside and out and is an excellent leader in the field. In fact, the employees recognize his expertise and appreciate his recommendations because they know that he performed their jobs for several years.
• The production plant recently hired a few young employees with good technical skills who could be ready to take on this position within three years. Five of them have expressed their interest and shown that they have the potential to handle this job.
In light of this information: 2. What steps should be taken to select the best manufacturing director from among the plant’s five qualified employees? (10 points)
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Specializes In The Manufacture Of Wooden Office Furniture. Its Main Clientele Is Situated In Downtown Vancouver And Its Plant Is Located North Of This City. The Furniture WoodCorp Manufactures Is Very Much In Demand Because Of Its Original Yet Understated Design That Is Appropriate For The Business World.
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1. What steps should be taken to recruit the best candidate for the position of general
controller?
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