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(Doc) Managing Human Capital and Leadership Solved Assignment

   

Added on  2021-01-01

14 Pages4273 Words439 Views
MANAGING HUMANCAPITAL ANDLEADERSHIP

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY..................................................................................................................................1TASK 1............................................................................................................................................1Types of HRM model, Model used by the organisation..............................................................1TASK 2............................................................................................................................................3Critical discussion of HR functions in the organization..............................................................3TASK 3............................................................................................................................................7Evaluation of HRM software programs in the organization........................................................7TASK 4............................................................................................................................................9Characteristic of effective leader and models which will help to justify the analysis.................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONThe Human Resource Management is necessary for all small and medium business as ithelps in recruiting qualified candidates and managing the workforce for a long time and themanagers leadership skills help them to retain employees by maintain the strong relationshipthroughout the management. This report includes the HRM management practices and functionsin the Toyota Company which function in the automobile industry. It shows evaluation of HRMsoftware programs which can be adopted by Toyota to ease the recruitment and selection processand at last this report explains about characteristics of effective leader and model which justifythe motivation issue.MAIN BODYTASK 1Types of HRM model, Model used by the organisationHuman resource management (HRM) is the process which helps the manager to have anefficient employee in the organisation as HRM recruits, select and trains the employee. There are4 models of the Human resources management which have different features to offer to themanager. Toyota also uses the HRM model to make a good HR decision in the organisationThe Fombrun, Tichy and Devanna Model: As per the thought of Mok Kühner and Yeates,2017 Fombrun, Tichy and Devanna Model being the first model of HRM just focuses on the fourfunction that are selection, development, appraisal and reward, as these model looks at selectionof a employee, development of employee skills and appraising them for their work and alsoproviding reward for their performance only in the organization so many philosopher calledthese model as a uncompleted model as these model does not look at external environment andcontingency factor which affect the decision making of the HR. Toyota also believes the same asthe philosopher as Toyota also not use these model in the organization as these reduces the scopefor the HR decision in the organisation, for the global organisation such as Toyota it can harmthe performance of the organisation as they have to see all the internal and external factor beforemaking a decision in the organisation.The Harvard Model: As per the author Chang and Ma, 2015 Harvard model is a better HRMmodel used by the organisation as these model sees the six dimension of the HR decision six1

dimension are stakeholders, interests, situational factors, HRM policy choices, HR outcomes,long-term consequences and a feedback which helps the firm in touching more approaches ascompare to the The Fombrun, Tichy and Devanna Model which only focuses on aspect relatingto the employee but these covers the aspect of external and internal environment also. Toyotaalso not uses this model in the organisation as this model also lacks at some place to overlook allthe aspect of the business which negatively affects the business of the organisation.Guest Model: As per the author Deresky, 2017 model develop by David Guest in the year 1997was very superior model as compare to the other model in the universe as these model shows thatevery HR in the firm has the strategy to execute in the organisation and after certain practices ifthe strategy is executed then it will result in the outcome of the strategy for the organisation.These outcomes can be the change in the behavior, performance of the organisation. This modelemphasis on the six basic component of HR such as strategy, practices, outcomes,behavioraloutcomes, performance and financial consequences. This model is called superior as this modelprovides the road map for the HR has it covers almost all the aspect of the decision making. Thisis the model which s used by the Toyota in their organsation as these help the Toyota to take acorrect decision in the long run of their business.Warwick Model: As per the writer ( ) model develop by two researcher Hendry and Pettigrewof Warwick University. This model focuses on five element of the HR, element includes Outercontext, Inner Context, Business Strategy and HRM context and HRM content. These modelcovers the entire environment as Outer one covers the macro environment and Inner one coversthe micro environment of the business and the other element covers the different HRM concept.This model mainly focuses on the business strategy and the HR practice in the organisation butalso focuses on the factors in which business organisation dealt. The main importance of thismodel is that it also focuses on the external and internal environment factor which influences theHRM decision. This model is also used by the Toyota Company in making the decision as ithelps the business to take a decision more efficiently as it involves many features which are notoffered by the Guest model the main feature offered is that they look the environment also but incase of Guest model it is not looked.HRM Model Practice in the OrganisationAs per the writer Raineri, 2017 in Toyota there are two main practice in the HRM model, firstpractice is the practice of Guest model as mentioned above that they use these model in the2

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