Human Resource Management Of Toyota Motors | Assignment

Added on -2020-02-19

| 9 pages| 2073 words| 74 views

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Running head: HRM0HUMAN RESOURCEMANAGEMENT
HRM1Table of ContentsIntroduction: Company overview................................................................................................................2Subsystem that needs to be developed:.....................................................................................................3Comparison:................................................................................................................................................3Effect of one subsystem on another:...........................................................................................................4Practices to being the changes:...................................................................................................................5Conclusion:..................................................................................................................................................6References:..................................................................................................................................................7
HRM2Introduction: Company overviewHuman resource management is an essential system that functions in the organization in order to manage the employees work there. It is required by the company that they need to conduct effective HR practices at the workplace so that the employees can be retained in the organization.Toyota Motors is one of the companies operating in the automobile industry. It is the firm that aces several issues in the department of HR system. HR basically has 3 subsystems (Liker & Hoseus, 2009).Training and developmentHiringPerformance assessmentFirst is performance assessment subsystem that deals with the evaluating the performance of the employees to provide them with the relevant rewards and pay. Another subsystem is training and development (Noe, Hollenbeck, Gerhart & Wright, 2007).It is the most important subsystemthat allows the employees to get trained regarding the processes they need to work in. The last one is hiring which is another important part of HR system. Various stakeholders of the company that gets affected by its functioning are:Employees: These are the basic asses of the company as employees are the one who performs all the task and functions.Shareholders: Shareholders are the stakeholders who invest in the company and earn the shares. Customers: Customers are the most important stakeholders because they are the one fromwhom the company exists and performs.The company like Toyota Motors has been selected to understand the issues in HR subsystem and their impact on the other systems of the company. There was a time when Toyota was known for its quality products (Yang, Yeh & Yang, 2012). When the recall of the Toyota vehicle started, it was a shock to all. Everyone was thinking that what has happened that resulted

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