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Managing Human Capital and Leadership Assignment - Doc

   

Added on  2020-10-05

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Leadership ManagementProfessional Development
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Managing Human Capital andLeadership
Managing Human Capital and Leadership Assignment - Doc_1

Table of ContentsINTRODUCTION...........................................................................................................................3LITERATURE REVIEW................................................................................................................3TASK 1............................................................................................................................................3Analyse the approach of the company to the management of its human resources:..............3TASK 2............................................................................................................................................5Recruitment and Selection Processes in Strategic Human Resource Management:..............5TASK 3............................................................................................................................................6Approach to Human Resource Development:........................................................................6TASK 4............................................................................................................................................7Classical theories of Motivation:............................................................................................7TASK 5..........................................................................................................................................10Characteristic of an effective leader and different Leadership Models:...............................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
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INTRODUCTIONHuman Capital Management refers to that process in which company manages theiremployees to contribute significantly in overall production. It is a path which involves acquiring,training, managing and retaining employees so that they can work efficiently. In human capitalmanagement, company treats all its employees as an important resource which helps to increasethe productivity of company. Leadership quality is also important for an organization along withthe human capital management. It is an activity of leading a group of people or an organization.A good leadership involves qualities like having a clear vision and sharing that vision with histeam to achieve it. Coordinating and balancing the equilibrium in between different teammembers. A good leader always tries to motivate and inspire people. This report will discussabout the different functions of Human Resource Management and the way it is important fororganization. It will also emphasize on different classical theories of motivation and the way topropose a hybrid theory. All these factors will be studied in this report to understand the detailedfunctions of HR department.LITERATURE REVIEWTASK 1Analyse the approach of the company to the management of its human resources:According to Antonakis, J. and Day, D.V. eds. (2017)Human Resource Management(HRM) is one of the most important element of any organization, whether it is small or large.HRM is usually a process which involves recruiting people, training and compensating them,developing policies related to them and developing strategies to retain them. There are manyduties and functions which HRM department operates like : Employee recruitment : This is the initial step of the HR department to recruit candidateswhich are suitable for their given job profile.Workforce management : The environment in which the employees are working shouldbe friendly and supportive.Learning and training of employee : After recruiting the desired candidates, giving themproper training of their work should be done correctly.Labor laws : There are some laws which has to be follow by the organization to workproperly. All these things are required to monitor by the Hr only.
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Performance management : He has to evaluate that work is going efficiently in theorganization.Planning strategies : Planning strategies in order to increase their sales and production isalso done by the HR department of the Toyota Motor Corporation.Toyota Motor corporation is one of the successful companies in automobile industry. It is allbecause the HR department of Toyota company is doing their job right and effectively. As HR isthe main reason for high profits or low profits in any corporation, its very important to deliverdedicated service towards their organization. The Human Resource Department of Toyota MotorCorporation should implement following factors into consideration to increase their sales,performance and managing skills:Hiring or recruiting people who are qualified enough to give their best for theorganization and who has competency quality in them.Providing them a good environment to work. Giving them training and making themcapable to give their best as output.Manages the employees to work in team. This will help the organization to deliverservice faster to the customer.Should pay attention to quality of work and work place, should posses' problem solvingability.HR should have a good communication skill.HR should go through the work place and remove those people who refuses to workeffectively which affects the overall performance of the organization.According to Brewster, C. (2017) there are different approaches which the Toyota'sHuman Resource Management team can apply to their system. For example, they can opt fordifferent recruiting agencies which will help them to save their valuable time. This will ensurethat they are providing skilled employee for the organization. So that, they don't have to wastetheir time in giving training to them. By applying different workplace policies, it will ensurefairness and continuity of work within the organization. Some policies which can be applied bythe HR department are- discipline process policy, dress code, ethics policy and internet usagepolicy, etc. Along with policies, there are different laws also which the Toyota company has tofollow and do work according to them. Human resource of Toyota Motor Corporation should beaware of all the laws and regulation which can affect the workplace. These laws include,
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