Human Resource Management: Exploring HRM Areas and Strategic HRM in Nissan
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This presentation explores the different areas of HRM and their contribution to organizational performance, strategic HRM in relation to the changing business environment, the role of recruiting and retaining employees, strengths and weaknesses of HRM, and internal and external factors affecting HRM decision making in Nissan.
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HUMAN RESOURCE MANAGEMENT
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TABLE OF CONTENTS PART 1 INTRODUCTION MAIN BODY Explaining main areas and comparison of the different HRM area in their contribution to organizational performance An examination of strategic HRM in relation to the changing effects on organization and its business environment Critically evaluation of the role of recruiting and retaining appropriate employees from the available labor markets also evaluating strengths and weakness of HRM as for contributing companies success Investigate the external and internal factors that affect HRM decision making to support organizational development Recommendation CONCLUSION REFERENCES
INTRODUCTION Human resource management is the process of recruiting , staffing, selecting, training, and compensating individual for performing the work in the organization. Effective managing the human resource in the company helps in gaining and maximizing profits as by hiring potential employees for working. Nissan motor is the multinational global company manly recognized for manufacturing various electric and hybrid cars. The company is the auto maker of sedans, SUV s, hatchbacks.
CONTINUED The company is selling various types of vehicles under its name as of the Nissan, Datsun and infinity brand. This presentation will provide details about the different HRM areas and their contribution to organizational performance. Also examination of various strategic HRM relating with the changing environmental conditions. It also specifies about the role of recruiting and retaining employees from the available labor markets . Also evaluating the companies strengths and weakness contributing to business success. Lastly evaluating the internal and external factors that influences the HRM business decisions in Nissan company.
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MAIN AREAS HRM AREA IN THEIR CONTRIBUTION TO ORGANIZATIONAL PERFORMANCE Recruiting and staffing:It is the process of selecting the potential staff as for performing various work in the Nissan company. Performancemanagement:PerformancemanagementintheHRMis continuous process as of communicating properly and developing plans,for optimizing individuals performance as for achieving the organizational goals of the company. learninganddevelopmenthelpsinachievingsuccessbycontribution towards providing various opportunities to employees in the company.
CONTINUED Training and development :For this the HR department is responsible for training employees as for acquiring various skills and developing abilities. Compensating and benefitsproviding various benefits to employees as for performing and contributing extra efforts helps in achieving better and positive performance. Employee engagement and planning for success:For improving employees engagement Nissan adopts various strategies as employees centric strategy for satisfying all needs and wants of employees
COMPARISON OF THE DIFFERENT HRM AREA BasisRecruitingand staffing Performance management Trainingand development Compensatingand benefits Employee engagementand planning PurposeMainlyestablished forresultingin structuredwayand selectingand staffingpersonnel's atrightjobwith right talents. Main purpose is to designandadopt performance management system astomonitor employees . Main purpose is to provide trainings as foracquiring variousabilities. Trainingand developmentis responsiblefor designing informative training sessionswith building all levels of employees . Main purpose is to compensate employeesby provide for salaries and wages according tothework performance. Organisingvarious programsasfor engaging employees thishelpsin retaining employees forachieving desiredgoalsof company ,
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TABLE CONTINUED.. EffectiveStaffingand recruiting competent employeesisvery effectiveareaas helpsinnachieving organisational goals . Also it Managing performanceof employeesasby monitoring with sing various tools helps in increasing efficiency andproductive workforce. Asbyorganising trainingprograms andscheduling various developmental schemeshasin effectively achieving goals.Asby acquiringlatest technicalskillsand abilitieshelpsin attaining growth for Nissan . Compensating employeesonfair basishelpsin motivating employeesfor performingwith extraeffortsand encourageto attaininggoalsin efficient manner. Byengaging employeesand planningtorecruit fortheproductive workforceathigher level of jobs helps in maintainproper balance between the employeesasfor producing productive results by increasing sales of Nissan. It is effectiveareain achievinggoalsof company.
EXAMINATION OF STRATEGIC HRM IN RELATION TO THE CHANGING BUSINESS ENVIRONMENT Strategic HRM is the process of managing, recruiting employee’s in the company. It is the standard process of attracting, maintaining, encouraging, developing and retaining competent employees as to achieve organizational goals in effective and efficient manner. As Nissan is the leading manufacturer of cars. Also, growing its demanding states as by manufacturing electric vehicles for grasping the market share.
TO BE CONTINUED.. Strategic HRM helps in attaining goals and increasing companies’ profits and sales generating ratio. As it helps in responding to the changing business environment by adopting various competitive strategies. Furthermore, strategic HRM helps in allocating efficient employees for achieving specific goals of Nissan. For attaining specific goals efficient individuals are recruited and assigned opportunity as for manufacturing electric cars with new technical adaptions. Changes in the latest technical patterns impacts the training and development programs of company . Strategic HRM helps in acquiring the latest technical abilities for producing and manufacturing electric vehicles as for increasing sales and profits for company
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EVALUATING OF THE ROLE OF RECRUITING EMPLOYEES FROM THE AVAILABLE LABOUR MARKETS Recruitment is the process of selecting and identifying competent and qualified individuals as for filling vacant job postilion in company. As skilled and qualified employees as by acquiring various new technical skills helps in increasing growth of business which results in contributing positively for the company as for achieving success. As recruitment plays major role as for hiring right employees at the available vacant job position as this helps in fostering growth of auto mobile business. Furthermore, by recruiting right employees helps in contributing for achieving success as by increasing sales.
RETAINING APPROPRIATE EMPLOYEES FROM THE AVAILABLE LABOUR MARKETS The role of retaining right employees with maintaining positive culture and providing various benefits to all employees as for working effectively for achieving goalsof Nissan. The auto mobile company retain employees by respecting diversity at workplace, provide various career development opportunity to employees. Bystrengtheningcareerdevelopmentopportunityalsoprovidingsafeworking conditions . open communication with all workers helps in satisfying employees and retain for achieving long term success through achieving profit.
STRENGTHS AND WEAKNESS OF HRM AS FOR CONTRIBUTING COMPANIES SUCCESS StrengthsWeakness Nissan auto mobile adopted best recruitment and selection process,themainstrengthisgivingequalbenefitsto employeesbyrelyingmajorlyonwomenworkforcefor ensuringlongtermsuccess.Also,Compensatingand providing various benefits to all employees, as hiring talent workforce at high level. Also, by focusing on performance basedstructurencompanypayinghighlywiththe performanceasforencouragingemployeesandretaining faithful workforce. Poor marketing and advertising strategy, as by Not aligning proper strategies of HR departmental as for marketing cars of Nissan. This reduces companies’ profits and sales ratio. It resultsindecreasingbrandimageasforestablishing competitive position in market.
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EXTERNAL AND INTERNAL FACTORS THAT AFFECT HRM DECISION MAKING INTERNAL FACTORS Cultures. Policies. Organization structure. Marketing and financial strategies. Financial position.
TO BE CONTINUED.. External factors Economic changes Technological changes. Social changes. Political and legal changes.
RECOMMENDATION The factors affecting decision-making process of HRM, various measures cab be adopted by company as it minimizes impact of these factors: The company must adopt policies and procedures as for engaging competent and technical personnel’s for affectively producing and lowering manufacturing cost of automotive. Alsothecompanymanagementmustconsiderandaddressfluctuatingsituationsasofdynamic environmental as with changing technology. The economic fluctuations and employment and various technical up gradation must be addressed. Also for dealing with these factors strategic decision-making process must be adopted by Nissan.
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CONCLUSION From the above presentation it can be concluded that HRM is the important functions which helps the company for recruiting, selecting, staffing and compensating workforce for performing work in the prescribed manner. Nissan company is the multinational selling various cares around the world. The company is engaged into various practices as for selling the auto mobile products and sales segments into the other countries. As in the auto mobile products company is selling various vehicles, marine equipment’s and other parts. Also with the sales equipment’s handling business for supporting the sales, financing and leasing activity of business. The company is using long term integration strategies with the changing organizational environment. The role of recruitment and retaining staff play key part as for opting various business operations of company. Furthermore, when evaluating the company internal and external factors helps in analyzing its strengths and weakness areas which needs to be improve by adopting various strategies as for increasing profits for the firm.
REFERENCES Shatilo, O., 2019. The impact of external and internal factors on strategic management of innovation processes at company level. Ekonomika. 98(2). pp.85-96. Lyskova, I., 2018. Quality of working life in the aspect of human resources management. In Advances in Economics, Business, Management Research: The 4th International Conference on Economics, Management, Law and Education (EMLE 2018) Atlantis Press (Vol. 71, p. 226). Paauwe, J. and Boon, C., 2018. Strategic HRM: A critical review. Human resource management, pp.49-73. Boxall, P., 2018. The development of strategic HRM: Reflections on a 30-year journey. Labour & Industry: a journal of the social and economic relations of work. 28(1). pp.21-30. Lengnick-Hall, C.A., Lengnick-Hall, M.L., Neely, A.R. and Bonner, R.L., 2021. Something old, something new: Reframing the integration of social capital into strategic HRM research. Academy of Management Perspectives. 35(3). pp.535-556.