Premier Auto Components: Ethical HRM and Global Talent Management

This report delves into the human resource management (HRM) practices of Premier Auto Components (PAC) as it plans to expand its business into North America and Western Europe. It analyzes the company's existing HR philosophy, including its final salary pension scheme, employee training programs, and pay structure, and assesses their impact on hiring, retention, and firing. The report further examines how PAC can maintain its talent hire and reward practices internationally, considering differing employment laws. A critical analysis is provided on how PAC can sustain a high-performance workplace through an ethical HRM system, focusing on defining goals, reward and recognition, and employee feedback. The report concludes with a recommendation for PAC to leverage pension options to retain skilled workers and manage international talent effectively.

Human Resource
Management

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Human resource philosophy of Premier auto components affecting the hiring, retention and
firing of employees.....................................................................................................................4
How does PAC maintain its talent hire and reward practices internationally, given that
employment laws differ in other countries?................................................................................5
Critically analyze how PAC maintain a high-performance workplace based on a sustainable
and ..............................................................................................................................................6
ethical HRM system....................................................................................................................6
Recommendation ............................................................................................................................7
CONCLUSION ...............................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Expansion is related to those function of the organisation under which the company try to
maximise their business so that the growth can be achieve from the market. There are different
ways are present in the market which can be used by the company to make the process of
expansion such as product development, market development and diversification. It depends
upon the situation and the condition of the company that which method they have choose for the
expansion of the organisation. The process of the expansion are very beneficial for the
management of the organisation because it protects the company from saturation and enables
them to conduct their business in new market or the product range. There are many situations are
present in business under which the management has to face to continue their business with same
market or the product range so expansion is the tool which has ability to solve these problems of
the market. This report is based on the expansion of Premier auto components. The management
of this organisation wants to expand their business in some other counties of the world. This
report talks about the human resource issues which the company has to deal in the process of
expansion.
TASK
The management of has done a business of vehicle parts in the market. They have provided the
components of the mass vehicle which is one of the attractive business of the market. The
management of the company wants to expand their business in other countries of the world so
that they can achieve effective growth in the market (Son and Kim, 2020). The name of the
country where the company wants to expand their business are North America and Western
Europe which are one of the important and biggest market of the world. The management of the
company not only expand their business by a way of market development but they have plan to
shift their business from the components of normal cars to luxury cars. It is very important for
the management of the company that they focus on different factors and human resource is one
of the most important factors which the management of the organisation has to deal with if they
want to achieve their expansion goals. There are many component are present in human resource
which the management of the company has to deal with such as hiring firing and retention.

Human resource philosophy of Premier auto components affecting the hiring, retention and
firing of employees.
Human resource management is one of the important department of the organisation under which
the employees of the organisation are came under. There are large number of employees are
present in the workplace of Premier auto components which are having different mindset. It is
very important for the success of the company that their employees becomes motivated towards
the organisation (Kim, Lee and Kim, 2020). The management of Premier auto components
wants to expand their business in new countries so it becomes important for them to develop
those strategies and philosophy in the market which are having special preference towards the
retention and motivation of the employees and the brief discussion related to same are given
below:
Final salary pension scheme
It is one of the most attractive scheme of the country which is related to provide the pension
facility to the employees of the company. Under this scheme the employee which is retired from
the company as per the deciding age has get huge amount in single transaction. It is very
attractive scheme which becomes the ultimate motivation to the employees. There are many
benefits can be enjoyed by the retiring employees due to this facility. The amount which get by
the employee can be utilise by the employee to start small business which helps them to live their
life effective after retirement. This helps the employee to improve their standard of living after
retiring from the company. It help the employees to develop source of revenue after the
retirement which is one of the important and valuable aspect of the life.
The management of Premier auto components has expand their business in the market of North
America and Western Europe where this scheme are not compulsory. The requirement of the
talented employees are very high in these countries. If the management of Premier auto
components has continue this scheme in these new markets then it becomes positive for the
organisation to continue this scheme in new markets because it helps them to attract the talented
and skilled towards the company.
Training of employees
The management of Premier auto components has deal I providing auto parts in the market
which involves the physical manufacturing of the products (He, Liu, and Parvez, 2019). The
need of skilled employees are very high in this type of work in the market. The management of

the company has developed different types of training programmes in the organisation. Under
these training programmes of the company the employees of the organisation has get practical
and theoretical knowledge of the business by different business coaches. The development of
working skills in the personality of the employees is one of the important task of the
management because it helps to make the employees more productive in the market. There are
many workshops are organised by the company under which different types of skills are
developed in the employees so that it becomes positive for the company to achieve their goals
and objectives from the market.
It is not possible for the management of Premier auto components that they get all the skilled
employees from new market where they want expand their business. It is important for the
company that they develop effective training frameworks in these countries so that the training of
the employees can be taken place. The training of employees are very helpful for the
development of the employees in the organisation because of the development of the skills in the
personality of the employees. If the employee has get considerable development in the company
then it becomes positive for their retention in the company.
Ineffective pay structure
The management of Premier auto components has many claim in relation to the pay structure of
the employees. It is analysed from the market that the company does not pay to the employees as
compare to the degree of work (Hanjabam and Paliwal, 2020). It is very important for the
success of the organisation that the pay structure of the company becomes effective. It helps to
attract talented employees towards the organisation because most of the employees of the market
are sensitive towards the pay structure which the company has offered to their employees.
How does PAC maintain its talent hire and reward practices internationally, given that
employment laws differ in other countries?
The management of the Premier auto components wants to develop effective business arm in
new markets of the world so that the company can achieve effective growth in the market and
their profit margins can be improved. One of the requirement which the management of the
organisation has to maintain the supply of the talented employees in the organisation. There are
are many measures has taken by the company so that the talented employees can be the part of
the company which is very important for the growth of the company.
Train and update the managers regularly

It is one of the great approach which the managers of the organisation can be use to maintain the
talent in the organisation. Under this approach the management of the Premier auto components
has to make their managers motivated towards the organisation so that it becomes positive for
them to develop effective framework in the organisation (Geiglou and Chakherlou, 2019). One
of the greatest influencer which maintains the talent of the managers is to update their salary
structure in the organisation. If the salary of the managers increases as per the performance then
it becomes positive for their development.
Promote work life balance
The promotion of the work life balance is one of the important and valuable method which helps
the organisation to maintain the talented employees in the organisation. It is analysed from many
examples that the general problem which all the employees has faced in their professional career
is that they becomes disables them to maintain their personal life. If the management of the
organisation has provide them considerable timing for the management of their personal life then
It becomes positive for them to develop effective and valuable returns to the company.
Critically analyze how PAC maintain a high-performance workplace based on a sustainable and
ethical HRM system.
The performance of the employee plays a important role in the management of the organisation
because it enables the organisation to achieve all their goals and objectives effectively in the
market. It is very important for the management of the Premier auto components that they
analyses the needs and desires of the employees which helps the management to make the
process of motivation in the organisation. It helps the managers to develop effective and valuable
growth for the country in the market. The brief discussion related to the same are given below:
Define goals and direction
It is very important for the management of the organisation that they develop effective and
valuable goals and objectives for the organisation because it helps to improve the profit margins
of the company (Cheng, Lu and Zhen, 2019). Only the development of the goals and objectives
are not sufficient for the appraisal of the performance of the employees but also the
communication of these goals and objectives to all the customers of the market. It is very
important for the managers of the Premier auto components to convey the goals to all the
employees so that it become positive for the employees to work in right direction.
Reward and recognition

It is one of the important factors which motivates the employees towards the achievement of the
goals and objectives in the market. There are large number of rewards schemes are present in the
market which can be used by the management of Premier auto components such as pension,
compensation, performance appraisal and many more. All these tools are very helpful for the
development and the appraisal of the performance of employees in the organisation.
Employee feedback
It is related to tool of the management under which the employees has provide their suggestions
grievances and problems related to the company. It becomes the duty for the managers of the
organisation that they analyse all the feedbacks and try to solve them so. If all the grievances of
the employees becomes solves in the management then it becomes positive for the company
because the performance of the employees becomes increases due to their motivation towards the
organisation. It is very important for the managers of Premier auto components that they
establish proper communication in the organisation so that the employees can express their
grievances.
Recommendation
It is recommended to Premier Auto Components to use pension option designed to
retain skilled and experienced worker. Pension is a regular paid money that can be offered by
private company or government to a person who does not work as they are old or ill to do so. It is
important for Premier Auto Components as it allow them to manage international talents.
Retirement planning is important for a person as it provide them stability in life. It is important
for an individual to plan for retirement by considering increased inflation level and also with
limited social security initiatives. It provide different benefits to employees which attract them
towards organisation of Premier Auto Components. These benefits are guaranteed income that
provide them stability in their old age when they are unable to work. It also provide tax
efficiency to a person and also liquidity in their life (Baranovsky and Naumkin, 2018). An
individual in order to get stability looking for an organisation where they can get pension
facilities. It provide different advantage to Premier Auto Components as on basis of this
strategy, company is able to attract skilled and talented employee towards their organisation. It
also create sense of satisfaction among among employees which allow them to work with
dedication in firm and also increase their efficiency to work in company. It allow firm to increase
their productivity and also get acceptance of employees to implementing changes in company. It

allow firm to increase job satisfaction among employees and allow firm to retain their employees
for long term and gen long term benefits for improved efficiency of employees.
It is also recommended to employees of Premier Auto Components to focus on an aspect
of HPW. High performance working in one of international human resource management
approach which allow firm to manage organisation that stimulate employees to make employees
more involved and committed to work for attainment of high performance level. It is a practice
adopted by firm in order to improve performance of employees. It can be work mainly in three
areas like high employee involvement, compensation and rewards and HR practices. In order to
implement this strategy, Premier Auto Components can empower employees through offering
them autonomy for work in efficient manner and also for plan things in effective manner.
Premier Auto Components can also ensure framework as well as policies that provide guidance
to people. It is important for people management process that allow a person to maintain
transparency and allow employees to follow things which are expected to them. It allow
company to ensure open communication with employees that is important for them in order to
get sense of belongingness. In order to implement high performance working, organisation also
offer rewards and recognition to employees (Arshadnejad, 2019). It motivate employees to give
their performance as they will get rewards on basis of their performance. It is also important in
order to improve productivity of employees and also to attract new employees. It allow
employees to learn new things and develop new skills that allow them to ensure professional
development.
CONCLUSION
It is concluded from this report that human resource management is one of the important feature
of the process of expansion. There are different types of actions are present such as retention,
hiring and performance are present are concluded in this report. This report concludes brief
discussion related to the strategies and philosophies of human resource management.

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