Contemporary Human Capital Development in Auto - mobile
Added on 2023-01-20
66 Pages20635 Words36 Views
Contemporary Human Capital
Development in Auto - mobile
Development in Auto - mobile
TABLE OF CONTENTS
Dissertation Topic: Contemporary Human Capital Development in Mercedes Benz.................4
CHAPTER 1: INTRODUCTION....................................................................................................4
Background of the study..............................................................................................................4
Overview of the organisation.......................................................................................................6
Research Aim...............................................................................................................................7
Research Objectives.....................................................................................................................7
Research Questions......................................................................................................................7
Rationale of study........................................................................................................................7
Significance of study....................................................................................................................8
Research Gap...............................................................................................................................8
Summary of Chapters..................................................................................................................8
CHAPTER 2 LITERATURE REVIEW........................................................................................11
Introduction................................................................................................................................11
Theme 1: Definitions and impact of human capital development on the UK economy............11
Theme 2: Benefits of human capital development on Mercedes...............................................17
Theme 3: Strategic outcome of what will help enhance the growth and development of
Mercedes Benz in UK................................................................................................................21
CHAPTER 3 RESEARCH METHODOLOGY............................................................................26
Research Type............................................................................................................................26
Research Philosophy..................................................................................................................27
Research Approach....................................................................................................................28
Sampling ...................................................................................................................................28
Data Collection..........................................................................................................................29
Data analysis .............................................................................................................................30
Ethical Consideration.................................................................................................................31
Research Limitations.................................................................................................................32
Reliability and Validity..............................................................................................................33
Ethical statements......................................................................................................................34
Dissertation Topic: Contemporary Human Capital Development in Mercedes Benz.................4
CHAPTER 1: INTRODUCTION....................................................................................................4
Background of the study..............................................................................................................4
Overview of the organisation.......................................................................................................6
Research Aim...............................................................................................................................7
Research Objectives.....................................................................................................................7
Research Questions......................................................................................................................7
Rationale of study........................................................................................................................7
Significance of study....................................................................................................................8
Research Gap...............................................................................................................................8
Summary of Chapters..................................................................................................................8
CHAPTER 2 LITERATURE REVIEW........................................................................................11
Introduction................................................................................................................................11
Theme 1: Definitions and impact of human capital development on the UK economy............11
Theme 2: Benefits of human capital development on Mercedes...............................................17
Theme 3: Strategic outcome of what will help enhance the growth and development of
Mercedes Benz in UK................................................................................................................21
CHAPTER 3 RESEARCH METHODOLOGY............................................................................26
Research Type............................................................................................................................26
Research Philosophy..................................................................................................................27
Research Approach....................................................................................................................28
Sampling ...................................................................................................................................28
Data Collection..........................................................................................................................29
Data analysis .............................................................................................................................30
Ethical Consideration.................................................................................................................31
Research Limitations.................................................................................................................32
Reliability and Validity..............................................................................................................33
Ethical statements......................................................................................................................34
CHAPTER 4 DATA ANALYSIS AND DISCUSSION...............................................................35
Questionnaire.............................................................................................................................36
Data Analysis and Interpretation...............................................................................................37
CHAPTER 5 CONCLUSION AND RECOMMENDATION......................................................53
Conclusion.................................................................................................................................53
Recommendation.......................................................................................................................56
REFERENCES..............................................................................................................................58
Questionnaire.............................................................................................................................36
Data Analysis and Interpretation...............................................................................................37
CHAPTER 5 CONCLUSION AND RECOMMENDATION......................................................53
Conclusion.................................................................................................................................53
Recommendation.......................................................................................................................56
REFERENCES..............................................................................................................................58
Dissertation Topic: Contemporary Human Capital Development in Mercedes Benz
CHAPTER 1: INTRODUCTION
Background of the study
Contemporary human capital development is one of the important elements for attaining
growth of economy and business. The process of developing human capital requires learning
environment by applying innovative ideas, acquiring new competencies, developing skills,
attitudes and behaviours (Cherkesova and et.al., 2016). Development of human capital in an
organisation is related with enhancement of employee’s skills and knowledge with respects to
career development. On the other hand, human capital development with regard to economic
growth is related to job training and education in specific field of study. Human capital is a
fundamental source for economic growth as it is a source to increase in productivity and
technological advancement (Filinova and et.al., 2015).
Knowledge, skills and capability of a person are an intangible asset which creates
economic value for the particular individual, community and employer. Education is the main
source of investment in human capital development of economy (Acemoglu, Gallego and
Robinson, 2014). Education system of UK is worldwide reputed for its high-quality standards
sources and learning institutions. The universities in UK provides career focuses sources a
learning to students which is the major factor of growth of economy. Human capital
development in an organisation is based on training, retaining, talent management and gaining
high performance of employees. Majority of organisation in UK focuses on managing on going
professional development of employees which supports individual career development (Popescu,
Comanescu and Sabie, 2016). This assist the companies in enhancing working skills, interest,
knowledge and capabilities of workers. On the other hand, ongoing career development when
working supports employee’s motivation. Infrastructure and technological innovation on
developing regions are closely linked with human capital of countries. Skilled workers contribute
to Gross domestic product in developed region via flow in tertiary and primary education.
Apparently, the study outlined negligence of developing countries over basic primary and
secondary education with focus on tertiary education. This leads to lack of quality to contribution
4
CHAPTER 1: INTRODUCTION
Background of the study
Contemporary human capital development is one of the important elements for attaining
growth of economy and business. The process of developing human capital requires learning
environment by applying innovative ideas, acquiring new competencies, developing skills,
attitudes and behaviours (Cherkesova and et.al., 2016). Development of human capital in an
organisation is related with enhancement of employee’s skills and knowledge with respects to
career development. On the other hand, human capital development with regard to economic
growth is related to job training and education in specific field of study. Human capital is a
fundamental source for economic growth as it is a source to increase in productivity and
technological advancement (Filinova and et.al., 2015).
Knowledge, skills and capability of a person are an intangible asset which creates
economic value for the particular individual, community and employer. Education is the main
source of investment in human capital development of economy (Acemoglu, Gallego and
Robinson, 2014). Education system of UK is worldwide reputed for its high-quality standards
sources and learning institutions. The universities in UK provides career focuses sources a
learning to students which is the major factor of growth of economy. Human capital
development in an organisation is based on training, retaining, talent management and gaining
high performance of employees. Majority of organisation in UK focuses on managing on going
professional development of employees which supports individual career development (Popescu,
Comanescu and Sabie, 2016). This assist the companies in enhancing working skills, interest,
knowledge and capabilities of workers. On the other hand, ongoing career development when
working supports employee’s motivation. Infrastructure and technological innovation on
developing regions are closely linked with human capital of countries. Skilled workers contribute
to Gross domestic product in developed region via flow in tertiary and primary education.
Apparently, the study outlined negligence of developing countries over basic primary and
secondary education with focus on tertiary education. This leads to lack of quality to contribution
4
to GDP because of poor foundation and attention to primary and secondary education (Birasnav,
2014).
Human development in automobile industry is relate to economic growth because training
employees according to changing market trends and preferences helps in product innovation.
Innovation in product range encourages international trade and Foreign Direct investment which
is directly proportional to economy development. For example, training of employees as per
trends of Artificial intelligence has become crucial part of manufacturing process and therefore it
is important for the management of organisation to focus on expert training of workforce with
regard to cognitive functions of the human mind which can be incorporated in automotive.
Primary objective of human capital development aim at development of superior
workforce which is accountable for guiding and leading employees in different department. The
individual’s authority on the basis of own expertise which provides them the power to control
employees’ activities and enhance their workplace skills. Superiors in organisation are
encouraged with the purpose of internal promotion of job and profile which is beneficial for
individuals personal and professional development. Apart from this, Human development is
about development of entire department. This aid in skill and knowledge enhancement of
particular department by organisation specific on the job training session. Accomplishment of
this objectives assist the organisation in providing departmental work and maximizing
productivity.
Figure 1: Balanced Career: Human resource development
(Source: Han, Han and Brass, 2014)
5
2014).
Human development in automobile industry is relate to economic growth because training
employees according to changing market trends and preferences helps in product innovation.
Innovation in product range encourages international trade and Foreign Direct investment which
is directly proportional to economy development. For example, training of employees as per
trends of Artificial intelligence has become crucial part of manufacturing process and therefore it
is important for the management of organisation to focus on expert training of workforce with
regard to cognitive functions of the human mind which can be incorporated in automotive.
Primary objective of human capital development aim at development of superior
workforce which is accountable for guiding and leading employees in different department. The
individual’s authority on the basis of own expertise which provides them the power to control
employees’ activities and enhance their workplace skills. Superiors in organisation are
encouraged with the purpose of internal promotion of job and profile which is beneficial for
individuals personal and professional development. Apart from this, Human development is
about development of entire department. This aid in skill and knowledge enhancement of
particular department by organisation specific on the job training session. Accomplishment of
this objectives assist the organisation in providing departmental work and maximizing
productivity.
Figure 1: Balanced Career: Human resource development
(Source: Han, Han and Brass, 2014)
5
Specialized skills of human resource have become more important in our technology-
driven economy. Skilled workers are the economic backbone of developed countries. No longer
high school education is sufficient to secure a family-supporting job. In fact, the majority of all
jobs in the UK, labour market requires postsecondary training or education. In ac accordance
with this it can be said that to efficient deal with market requirement and competitive spirit
skilled workers have become must for economy. Development of workers is supportive aspect
for innovation and economic development. For example, long term growth of organisation is
based on quality and innovation in work which improve economic contribution of different
industries of the country. Thus, increase in human capital induce a rise in number of innovative
products and entrepreneurs, who indirectly prompt economic development via channel of
innovation.
Overview of the organisation
Mercedes Benz is a German Global automobile company and the brand is known for its
buses, vehicles, trucks and coaches. The company is focused on continuous development of
brand for which the firm has complies to different legislations and polices to meet international
requirement and management innovation in automotive services (Roeckle and et.al., 2018). The
manufacturing process of company is focused on customer demand which encourages optimum
utilisation of resources. The company has strength of 298,700 employees among which almost
145, 400 employees work for Mercedes-Benz Car division.
Apart from this, organisation appreciates interest of buyers in its products and addresses
individual queries and concerns online via internet site. Protecting privacy of employees and
customers is foremost concern which is considered by Mercedes benz. This process of managing
personal information assist the organisation in establishing corporate reputation among key
stakeholders. The company focuses on innovation management in automobiles on the basis of
advanced technology which enhances services of business. The company organises regular job
training programmes for employees of different department. The employees are trained to meet
needs of customer on the basis of changing expectations of customers. This on the job training
initiative of firm helps the organisation in supporting career development and boost in skills of
individual employees.
6
driven economy. Skilled workers are the economic backbone of developed countries. No longer
high school education is sufficient to secure a family-supporting job. In fact, the majority of all
jobs in the UK, labour market requires postsecondary training or education. In ac accordance
with this it can be said that to efficient deal with market requirement and competitive spirit
skilled workers have become must for economy. Development of workers is supportive aspect
for innovation and economic development. For example, long term growth of organisation is
based on quality and innovation in work which improve economic contribution of different
industries of the country. Thus, increase in human capital induce a rise in number of innovative
products and entrepreneurs, who indirectly prompt economic development via channel of
innovation.
Overview of the organisation
Mercedes Benz is a German Global automobile company and the brand is known for its
buses, vehicles, trucks and coaches. The company is focused on continuous development of
brand for which the firm has complies to different legislations and polices to meet international
requirement and management innovation in automotive services (Roeckle and et.al., 2018). The
manufacturing process of company is focused on customer demand which encourages optimum
utilisation of resources. The company has strength of 298,700 employees among which almost
145, 400 employees work for Mercedes-Benz Car division.
Apart from this, organisation appreciates interest of buyers in its products and addresses
individual queries and concerns online via internet site. Protecting privacy of employees and
customers is foremost concern which is considered by Mercedes benz. This process of managing
personal information assist the organisation in establishing corporate reputation among key
stakeholders. The company focuses on innovation management in automobiles on the basis of
advanced technology which enhances services of business. The company organises regular job
training programmes for employees of different department. The employees are trained to meet
needs of customer on the basis of changing expectations of customers. This on the job training
initiative of firm helps the organisation in supporting career development and boost in skills of
individual employees.
6
Human capital development of Mercedes Benz is focused on cost effective performance
management. For example, management believes cost effectiveness can be achieved by 2 %
increase in performance of workforce within 18 months pays for the system (Mercedes Benz:
Cost effective Performance Management, 2019). This accomplishment is evident to management
and therefore motive of firm is on ongoing education o employees on the basis of job role. In
addition, HR professionals of automobile company presented a link between profitability and
employee learning and development. Human resource alignment and corporate culture of
Mercedes Benz aim at gaining support to improve skills of staff to meet different demands of
business (Human resource management and Mercedes-Benz USA, 2019). In accordance with
management, training and enhancement in skills of employees are the best way to improve
productivity and prepare staff to meet challenges of dynamic working environment.
Research Aim
“To investigate the impact of contemporary human capital development on UK economy:
A case study of Mercedes Benz”
Research Objectives
To investigate the definitions and impact of human capital development on the UK
economy
To examine the benefits of human capital development on Mercedes
To propose a strategic outcome of what will help enhance the growth and development of
Mercedes Benz in UK
Research Questions
How impactful is human capital on growth and development of the UK Economy?
Has human capital development contributed to Mercedes workforce?
Has human capital development contributed to Innovation and Sustainability of Mercedes?
What is the success factor of human capital development of Mercedes in UK?
Rationale of study
The motive behind choosing this human capital development is personal interest. The
study will boost learning over skills and knowledge requirement and its impact on economic
growth. Further, learning over factors and sources of human capital development in an
7
management. For example, management believes cost effectiveness can be achieved by 2 %
increase in performance of workforce within 18 months pays for the system (Mercedes Benz:
Cost effective Performance Management, 2019). This accomplishment is evident to management
and therefore motive of firm is on ongoing education o employees on the basis of job role. In
addition, HR professionals of automobile company presented a link between profitability and
employee learning and development. Human resource alignment and corporate culture of
Mercedes Benz aim at gaining support to improve skills of staff to meet different demands of
business (Human resource management and Mercedes-Benz USA, 2019). In accordance with
management, training and enhancement in skills of employees are the best way to improve
productivity and prepare staff to meet challenges of dynamic working environment.
Research Aim
“To investigate the impact of contemporary human capital development on UK economy:
A case study of Mercedes Benz”
Research Objectives
To investigate the definitions and impact of human capital development on the UK
economy
To examine the benefits of human capital development on Mercedes
To propose a strategic outcome of what will help enhance the growth and development of
Mercedes Benz in UK
Research Questions
How impactful is human capital on growth and development of the UK Economy?
Has human capital development contributed to Mercedes workforce?
Has human capital development contributed to Innovation and Sustainability of Mercedes?
What is the success factor of human capital development of Mercedes in UK?
Rationale of study
The motive behind choosing this human capital development is personal interest. The
study will boost learning over skills and knowledge requirement and its impact on economic
growth. Further, learning over factors and sources of human capital development in an
7
organisation which enhance will knowledge over plans and polices of companies which should
be focuses on employees training. On the other hand, the topic is of personal interest where
scholar will gather specific information regard workforce development in automobile industry.
The scholar will be able to gaining knowledge over skills and capabilities required to be focused
for approaching career in automobile company.
Significance of study
The research is significant as it is focused on development of workforce of organisation
with respect to economic growth. The study will derive the importance of incorporating structure
of ongoing professional development in company for employee training and management. The
continuous improvement in skills and knowledge of employees will assist the organisation career
development of workers which is beneficial for not only organisation by for economy. Skilled
workers are a necessary resource for the development of a country. Therefore, the study is
important and different as it will help in deriving employee training can led to development and
growth of economy with regard to interpersonal skills and technology. The study topic is
significant as it will assist in deriving developing human capital with respect to innovation and
rise in number of success entrepreneurs. This will reflect support of growth of individual citizen
of country and their contribution in economic development.
Research Gap
It is problem or question which cannot address with particular field of study. In accordance
with area of study, it can be said that with this particular researcher will be unable to outline
about growth of company with skilled workforce as it is specifically focused on economic
growth. Further, the research lacks focus on specific focus on workforce of chosen company and
its benefits. The findings and recommendation will be for accomplishing growth of economy by
focusing on the job training and development of employees.
Summary of Chapters
Chapter 1: Introduction: The chapter will help in developing brief understanding over
research topics which is impact of human capital development on UK economy. The
concept of study is wide but the research will be specific to automobile company that is
8
be focuses on employees training. On the other hand, the topic is of personal interest where
scholar will gather specific information regard workforce development in automobile industry.
The scholar will be able to gaining knowledge over skills and capabilities required to be focused
for approaching career in automobile company.
Significance of study
The research is significant as it is focused on development of workforce of organisation
with respect to economic growth. The study will derive the importance of incorporating structure
of ongoing professional development in company for employee training and management. The
continuous improvement in skills and knowledge of employees will assist the organisation career
development of workers which is beneficial for not only organisation by for economy. Skilled
workers are a necessary resource for the development of a country. Therefore, the study is
important and different as it will help in deriving employee training can led to development and
growth of economy with regard to interpersonal skills and technology. The study topic is
significant as it will assist in deriving developing human capital with respect to innovation and
rise in number of success entrepreneurs. This will reflect support of growth of individual citizen
of country and their contribution in economic development.
Research Gap
It is problem or question which cannot address with particular field of study. In accordance
with area of study, it can be said that with this particular researcher will be unable to outline
about growth of company with skilled workforce as it is specifically focused on economic
growth. Further, the research lacks focus on specific focus on workforce of chosen company and
its benefits. The findings and recommendation will be for accomplishing growth of economy by
focusing on the job training and development of employees.
Summary of Chapters
Chapter 1: Introduction: The chapter will help in developing brief understanding over
research topics which is impact of human capital development on UK economy. The
concept of study is wide but the research will be specific to automobile company that is
8
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
A study of leadership skills necessary for management of group conflicts at Tesco UKlg...
|78
|14269
|393
(Docs) The Impact of Training and Development on Employeeslg...
|69
|18305
|467
Restaurant Industry in London - Dissertationlg...
|77
|24717
|42
An investigation into the employment policies adopted at Tesco Plc and its impact on closing the gender pay gaplg...
|39
|11660
|431
(6BU001) Dissertation on Researching Business and Management Issueslg...
|59
|13601
|411
Impact of Performing Loans on Profitability of Banks in UKlg...
|30
|8336
|183