Human Resource Systems - Assignment Example

Only on StudentShare

Extract of sample
Human Resource Systems

Empowering employees and organizing around teams are aimed by BMW for facilitating communication and making it easier for decisions to be made. It helps the company to respond quickly to customer's needs and it's competitor's challenges. It helps them learn to prioritize tasks and reduce job stress. A workforce that is knowledgeable and skilled at doing complex things keeps a company competitive and attracts investments. Improved productivity means fewer people, less money, less time, less space and fewer resources. Bonuses are given to workers on giving superb ideas related to cutting cost savings, as they are directly involved in production. BMW prefers increased participation from the worker's side. They must give at least three ideas with eight hundred pound for each idea and to qualify for full annual bonus up to two hundred and sixty six pounds. This is done to save 3.6 M annually. The company has also increased workers pay from 2,500 pounds to 4,500 pounds. Many of the workers are hired on temporary basis and working days are fixed to seven-day operation. Working time account was introduced in the company and workers were paid even when the plant remained shut for retooling. The hours missed were made up later. The company provided ease to the workers by giving them the opportunity to take off over time later as holidays.
The company saved more than six ...
Download paper

Summary

People make the organizations go. Proper selection, training and management of Human Resource determine the success of an organization. BMW has achieved high profitability last year due to improved productivity and cutting costs. This has been achieved through the two-way communication between the workers and the top management…
Author : vhyatt

Related Essays

Strategic Human Resource Management. Performance-Related Pay Systems
The paper tells that within a modern business environment, employers must balance the needs of the business with the requirements of the employees. Human Resource Management (HRM) is an important aspect of this, where employers organise and develop strategies for working with their employees. Many employees work inefficiently, as they have no desire to perform well for the company. This comes from the fact that what is good for the company is not necessarily the same as what is best for the employee. Businesses are generally aiming to make the highest profit possible, while employees are...
12 pages (3012 words) Essay
Human Resource
Employees who aspire for status will work hard towards getting the company car and this will be very beneficial for the organization. This paper will comprehensively analyze whether a company should add direct compensation or not when employees undervalue the cost of benefits. “Employee benefits typically refers to retirement plans, health life insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc. Benefits are increasingly expensive for businesses to provide to employees, so the range and options of benefits are changing rapidly to include, for...
8 pages (2008 words) Essay
Human Resource Management
Logitech Solutions has its Headquarters in London. It has over 20 branches spread all over the country with 200 staff working for them. They offer hourly technical assistance to fix minor problems in organizations, work on retainer contract basis when a business requires certain regular services like system maintenance and network administration and takes up individual projects and consulting advices too like website design and preparing estimates for major hardware purchases. Logitech Solutions has a CEO, a general manager and seven line managers who work under them. Logitech's HR department...
9 pages (2259 words) Essay
Human resource Research paper
But to most modern organizations, the urge and need to ensure effectiveness and efficiency in human resource management remains a very crucial challenge. Because of this, even though there is the practice of human resource management, this is not done in a very well regulated and coordinated manner that meets the growth and developmental aspiration of the organizations (Pattanayak, 2009). Through various forms of research conducted, the researcher has come to realize that in modern day administration and management of organizations, one element that plays a very key role is the use of...
7 pages (1757 words) Research Paper
Strategic Human Resource Management
Recently, the strategic role of the HR field and linkages between business and Hr strategy have been the subject of extensive discussion. Jim walker (1980), with his classic book on Human resource planning, was the first writer to suggest considering the corporate business strategy while developing and executing HR plans. Since then, in just over a greater of a century, a plethora of research, theory and cases examining research on aligning HR policies and practices with business strategies has become the focus of management studies (Wright et al 2005).
...
6 pages (1506 words) Essay
Human Resource Management in Competitive Environment
These areas account for the vast mainstream of academic work in the field. The paper concludes with our appraisal of how research should be built-up from this point forward.
...
13 pages (3263 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!