Comparing HRM Policies of BMW and Tesla - Desklib

This presentation compares the HRM policies of BMW and Tesla in terms of talent management, recruiting process, rewards and incentives, health, safety and wellbeing, and HRM policies.

Presentation on Comparing The HRM
Policies of BMW and Tesla
People Management
VS

Introduction
 Human useful resource control is described as set of practices which an agency follows for controlling and
dealing with personnel operating inside a agency.
 It is likewise accountable for formulating plans or regulations over which operations of agency finished for the
accomplishment of set targets.
 Human useful resource control education is an very crucial aspect and additionally performs an crucial function
in an enterprise. Such form of control is taken care with the aid of using the branch of human useful resource in
an enterprise.

Company Overview(BMW)
 Bayerische Motoren Werke AG, usually known as BMW, is a German multinational company producer of
luxurious cars and bikes founded in Munich, Bavaria, Germany based within side the 12 months 1916.
 BMW is headquartered n Munich, Germany and they are serving to the different parts of world.
 The founder of BMW is Camillo Castiglioni, Franz Josef Popp, Karl Rapp.

Company Overview(Tesla)
 Tesla, Inc. is an American car and easy power agency primarily based totally in Austin, Texas.
 Tesla designs and manufactures electric powered cars, battery power garage from domestic to grid-scale,
sun panels and sun roof tiles, and associated services and products based within side the 12 months 2003.
 The company is operating with 655 stores till 2021.

Company Overview(Tesla)

Talent Management

Talent Management(BMW)
 Also human useful resource control of BMW has been organized primarily based totally upon numerous
education of profession boom and improvement of its personnel. Workforce in BMW has to accept unique
education like apprenticeship education, fitness and protection education, mentoring and coaching, worker
orientation software etc.
 Training and development of programs is helpful in making them aware about the situation of competitive
market.
 Practices of HRM is going to provide in maintaining of management within BMW in order to make an
positive impact upon the business environment at workplace and also motivation level of employees
increases because of this which helps them in giving better results with more efficiency

Talent Management(Tesla)
It is known that for enhancing the talent of the employees, training plays significant role. Thus, training is defined as
the action of teaching a person a specific skills or the particular type of behavior. It is process of developing in
oneself or others any skills and knowledge or fitness which are related to the particular useful competencies. In
context to Tesla, there are various method training which are used by them for sharpening the talented employees
which are defined as follow:
 Induction Training:
 Job Training:
 Training for promotion:
 Refresher Training:

Recruiting process

Recruiting process(BMW)
 BMW ha a shape that has its recruitment manner wherein personnel are being employed with the aid of using the
enterprise.
 In order to recruit a 5 level manner needs to be accompanied with the aid of using the enterprise wherein
personnel who're having competencies and competencies which can be to be required for process function of HR.
 The recruitment manner has to assess the person upon the idea of various forms of commercial enterprise
scenario. This is an powerful manner of hiring exceptional personnel the ones are healthy to be running in an
enterprise as an worker.
 It additionally powerful in making hiring of an personnel who healthy exceptional the standards of process and
has ability to make enterprise reap goals, targets set-up with the aid of using it.

Recruiting process(Tesla)
 It is defined as the process of actively seeking out he interested candidate who is having the similar set of skill so
that they can perform well in the given job role and ensures higher productivity and profitability within
organization.
 It can be said that the respective process of identifying, screen and selecting the candidate for filling up the vacant
job role within the company.
 This is the main function of HR which leads to have the right person at right place. In context to Tesla, there are
two types of recruitment which are given below:
 Internal recruitment:
 External recruitment:

Rewards & Incentives

Rewards & Incentives(BMW)
 Reward is given to the employee for their outstanding performance within the organization. BMW is
rewarding its personnel by giving BMW 530d cars worth over rs. 1 crore each, to five of its management
employees for their loyalty. In such way they motivate their employees to perform well in their given job
role.
 Employees receive a valued personal rewards in the form of bonus, pay rises, promotion which give them
job satisfactions. This helps them to work well in their given job role and leads to get have more
efficiency.

Rewards & Incentives(Tesla)
 It is the introduction of policies and the strategies which reward every employee within the business fairly
and continuous across the board.
 Rewarding an employees for their outstanding working makes them more effective and they feel valued.
In this way the reward policy plays the powerful motivational tool which boosts the overall productively
of the company.
 In context to Tesla, they are offering company care to share among a group of employees or use a as a
personal vehicle. They also offer the limited-time referral programs with the more purchasing incentives
that includes the supercharging for life.

Health, Safety & Wellbeing

Health, Safety & Wellbeing(BMW)
 Workers well-being is the key aspects which helps in determining an organization’s effectiveness in long
term. It has a direct connection with the productivity of the company as its employees.
 A health and safety policy describe a course of actions in order to influence the decision-making and guide
the actions which is related to workplace.
 Employees wellbeing is significant as companies finally realizes the power, they have to transform their
employees but reducing the costs related to absenteeism and healthcare.

Health, Safety & Wellbeing(Tesla)
 Health and wellbeing s one of the core value as this permeates all aspects of the business, focuses on
creating safe working environment for all the employees.
 Tesla has maintained the record by keeping people and client safe for over 27 years as the full life of the
company.
 Tesla is undertaking the regular health and safety prequalification by IMPAC Risk & Safety Management
Solutions(PREQUAL)

HRM Policies

Transactions cost theory(BMW)
 It is the one of the most important theory in agency theory and corporate
governance.
 It states that a company has much more better chance to gain decent
profits by reducing the costs in the transactions that occurs as compared to
its rival competition.
 BMW recently faced a 5% fall in its share price which resulted in about 7.9%
of loss for the company.

Motivation theory(Tesla)
 Motivation is an important part for anyone to do work. To motivate the
employees in the right direction for attainment of a common established
goal is one of the key aspect to assure success.
 This is what the motivation theory of HRM means. This theory can be
effectively understood in context to Tesla, one of the leading companies of
today time.
 It is observed that the chief reason behind the success of Tesla in such short
duration of time is the better participation of employees and when the
organisational heads were asked the reason behind it.

Recommendations
From the above presentation, it can be said that the BMW must focuses on using the
right methods of talent management by which they can retain their talented employees
within the organization. They must use the external source of recruitment so that they
can have the fresh talent to them, furthermore, tesla is recommended to have the
effective recruitment polices and focuses on the health and safety of the employees by
which they can offer them a better working environment.

Conclusion
From the above presentation, it is concluded that human resource plays the significant
role in recruiting, training and rewarding their employees within the organization. In this
respective presentation, critical comparison has been made about the polices related to
the recruitment, selection, training and rewarding of the employees in a well-defined
manner.

References
 Amberg, J. J. and McGaughey, S. L., 2019. Strategic human resource management
and inertia in the corporate entrepreneurship of a multinational enterprise. The
International Journal of Human Resource Management. 30(5). pp.759-793.
 Brunstein, I. ed., 2016. Human resource management in Western Europe (Vol. 68).
Walter de Gruyter GmbH & Co KG.
 CHATTERJEE, S. and RAMESH, R., 2015. LINKING TEACHING STYLE AND LEARNING
STYLE AS A MEASURE OF PERSON ENVIRONMENT FIT TO ASSESS STUDENT
PERFORMANCE. International Journal on New Trends in Education & their Implications
(IJONTE). 6(4).

THANK YOU