Human Resource Management

Running Head: HUMAN RESOURCE MANAGEMENT
0
Human Resource
Management
(Student Name)

HUMAN RESOURCE MANAGEMENT 1
Table of Contents
Introduction......................................................................................................................................2
Vision and Mission......................................................................................................................2
Challenges....................................................................................................................................2
PEST Analysis.............................................................................................................................2
SWOT Analysis...........................................................................................................................3
Role of HRM...................................................................................................................................4
HR functions....................................................................................................................................5
HR Challenges.................................................................................................................................6
HRM Plan........................................................................................................................................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

HUMAN RESOURCE MANAGEMENT 2
Introduction
Human resource management of the company performs variety of function such as
recruitment, selection, monitoring, training as well as designing the skill development programs
(Noe, R. A., Hollenbeck, Gerhart & Wright, 2017). One of the Japanese leading companies
Toyota Motor Company also manages the human resource to compete in the market. The
corporation prolonged their corporate in the international market that forces the corporation to
manage their international business at greater level. Toyota is automotive manufacturing
company whose headquarter is in Japan. The company employee more than three lakhs
employees in the global market as well as the company have produced more than 200 million
vehicles. The company is considered as one of the leading company in the global market (Jindal,
Laveena & Aggarwal, 2015).
In the following part there will be detailed analysis of the HRM practices adopted by the
company and challenges faced by company at different stage. Moreover, it will be end up with
the recommendation part that helps the company in enhancing their overall performance at
greater level.
Vision and Mission
Vision of Toyota:
The company is having broader vision that depict from the vision statement of the
company. The company wanted to be most successful as well as respected car company in the
global market. They do not want to compromise with their quality as well as customer
friendliness.
Mission
The main mission of the company is to attract and attain maximum consumers with high
valued products as well as services (Maiorescu, 2016).

HUMAN RESOURCE MANAGEMENT 3
Challenges
Toyota is considered as one of the leading companies in the international market. In the
recent scenario, the company is facing various kinds of issues that exaggerated the total
performance of the business at bigger level.
 The business is facing the issue of managing their employees that pretentious complete
performance of the business.
 The company failed to perform as well as contrivance appropriate staff development to
confirm that the correct amount as well as kind of individual were in the correct position
with the company
 The corporate culture of the company was damaged subsequent in inferior level manger
anxieties being overlooked by the superior executive that increase the level of
demotivation among them.
 The human resource department of the company failed to perform proper risk
management assessments as well as implement solutions (Barron, Pereda & Stacey,
2017).
PEST Analysis
Political Factor
 The laws of environmental protection are nearly globally however, it diverge in
strictness as well as amenableness rules that distress the cost to the business
 The employment laws are generally local specific as well as vary in their requirements.
 In the global market, the company has benefited from governmental financial assistance
Economic Factor
 Inaugural of machinery in different republics represent monetary aids to the native
public.
 The company at the instant is aids from an employee marketplace as joblessness enhance
the staff obtainable can be pink selected for the finest employee pay
Sociocultural