A Comparative Analysis of HRM Policies: BMW and Tesla's Strategies

This presentation provides a comparative analysis of the Human Resource Management (HRM) policies of BMW and Tesla. It begins with overviews of both companies, highlighting their core businesses and founding details. The presentation then delves into key HRM areas, including talent management, exploring BMW's focus on training and development versus Tesla's various training methods. It compares their recruitment processes, including BMW's five-step process and Tesla's internal and external recruitment strategies. The presentation further examines reward and incentive programs, health and safety policies, and the application of HRM theories like transaction cost theory and motivation theory within each company. Recommendations are provided, suggesting areas for improvement for both BMW and Tesla, followed by a conclusion summarizing the key findings and a list of references. The presentation emphasizes the crucial role of HRM in employee recruitment, training, and rewards, offering a detailed comparison of the two companies' approaches to these areas.

Presentation on Comparing The HRM
Policies of BMW and Tesla
People Management
VS

Introduction
 Human useful resource control is described as set of practices which an agency follows for controlling and
dealing with personnel operating inside a agency.
 It is likewise accountable for formulating plans or regulations over which operations of agency finished for the
accomplishment of set targets.
 Human useful resource control education is an very crucial aspect and additionally performs an crucial function
in an enterprise. Such form of control is taken care with the aid of using the branch of human useful resource in
an enterprise.

Company Overview(BMW)
 Bayerische Motoren Werke AG, usually known as BMW, is a German multinational company producer of
luxurious cars and bikes founded in Munich, Bavaria, Germany based within side the 12 months 1916.
 BMW is headquartered n Munich, Germany and they are serving to the different parts of world.
 The founder of BMW is Camillo Castiglioni, Franz Josef Popp, Karl Rapp.

Company Overview(Tesla)
 Tesla, Inc. is an American car and easy power agency primarily based totally in Austin, Texas.
 Tesla designs and manufactures electric powered cars, battery power garage from domestic to grid-scale,
sun panels and sun roof tiles, and associated services and products based within side the 12 months 2003.
 The company is operating with 655 stores till 2021.

Company Overview(Tesla)

Talent Management

Talent Management(BMW)
 Also human useful resource control of BMW has been organized primarily based totally upon numerous
education of profession boom and improvement of its personnel. Workforce in BMW has to accept unique
education like apprenticeship education, fitness and protection education, mentoring and coaching, worker
orientation software etc.
 Training and development of programs is helpful in making them aware about the situation of competitive
market.
 Practices of HRM is going to provide in maintaining of management within BMW in order to make an
positive impact upon the business environment at workplace and also motivation level of employees
increases because of this which helps them in giving better results with more efficiency

Talent Management(Tesla)
It is known that for enhancing the talent of the employees, training plays significant role. Thus, training is defined as
the action of teaching a person a specific skills or the particular type of behavior. It is process of developing in
oneself or others any skills and knowledge or fitness which are related to the particular useful competencies. In
context to Tesla, there are various method training which are used by them for sharpening the talented employees
which are defined as follow:
 Induction Training:
 Job Training:
 Training for promotion:
 Refresher Training:

Recruiting process

Recruiting process(BMW)
 BMW ha a shape that has its recruitment manner wherein personnel are being employed with the aid of using the
enterprise.
 In order to recruit a 5 level manner needs to be accompanied with the aid of using the enterprise wherein
personnel who're having competencies and competencies which can be to be required for process function of HR.
 The recruitment manner has to assess the person upon the idea of various forms of commercial enterprise
scenario. This is an powerful manner of hiring exceptional personnel the ones are healthy to be running in an
enterprise as an worker.
 It additionally powerful in making hiring of an personnel who healthy exceptional the standards of process and
has ability to make enterprise reap goals, targets set-up with the aid of using it.

Recruiting process(Tesla)
 It is defined as the process of actively seeking out he interested candidate who is having the similar set of skill so
that they can perform well in the given job role and ensures higher productivity and profitability within
organization.
 It can be said that the respective process of identifying, screen and selecting the candidate for filling up the vacant
job role within the company.
 This is the main function of HR which leads to have the right person at right place. In context to Tesla, there are
two types of recruitment which are given below:
 Internal recruitment:
 External recruitment:

Rewards & Incentives