BACKGROUND OF TOYOTA
Toyota Company was founded in 1933 as one of divisions of Toyoda Automatic Loom Works. Kiichiro Toyoda is the founder of the company. 1937. This Company is the largest car producer of the world in 2010. Toyota employed 300,734 people worldwide, and was the largest automobile manufacturer in 2010 by production. Toyota is the eleventh largest company in the world by revenue. In July 2012 this company informed that it produced the 200 millionth cars. The Toyota Motor Corporation started with humble beginnings. Kiichiro Toyoda in 1933 visited the United States and several automobile plants. He returned to Japan and started an automobile division in his father's loom factory. Toyota set up a headquarters in Hollywood in 1957. The first Toyota car registered in the United States was a 1958 Toyopet, sold in 1958.In 1959; the company opened its first plant outside Japan - in Brazil. The first Americanized Toyota — the Tiara, otherwise known as the Toyota Corona PT20 — came out in 1964.
For doing our assignment we used document method which requires us to conduct our survey on books, magazines, newspapers and internet. Since these corporations are world famous and there are many subsidiaries all around the world, so we didn’t have much more difficulty for gathering information and just look up on newspapers, internet, books and magazines and this method didn’t take much time us to do our project. For gathering information from books, newspapers and magazines, we spent our time at the library of the University and for online information we searched for different sites relating to the exact topics of car industry.
To identify International Recruitment & Selection in Toyota company To understand the concept International Training and Development in Toyota To analyze International Compensation & Benefits in Toyota
To identify Re-Entry & Career Issues in Toyota company
International Industrial Relations
f. International Performance Management/Performance Appraisal g. International HRM Complexity and Challenges & Solution.
INERNATIONAL RECRUITMENT AND SELECTION
In the today’s turbulent world, many organizations are struggling to gain competitive advantage. This competitive advantage can be gained through many ways. Human resources of an organization are one of the critical factors for gaining competitive advantage. Effective usage of human resources will increase the productivity of an organization. Finally, this superior productivity will help to gain superior profit or performance of an organization. Employees’ talent and capabilities are more important to achieve profit or performance of an organization. Thus, recruiting talented and capable employees to the organization is vital. Because of this competition for talent, recruitment has become more important for managers. On the other hand, many companies are keen on recruiting most talented personnel to their business entities, especially when compete in the international market. In that case, managers have to think internationally when they recruit employees to their firms. Thus, in the today’s turbulent business world, recruitment and selection is more important for managers since it is the beginning of talented and capable workforce. On the other hand selecting wrong individuals to the company will create many operational problems. Multinational companies like Toyota are very keen about the recruitment of right employees to their organization. Basically wrong recruitment and selection will create two main problems to the company. The first problem is that these employees cannot perform up to the standards of the organization and it will directly make negative impact to the day-today operation. The second problem is that wrong recruitment and selection is a cost to the company. The company has to expend more money to...
References: Toyota Motor Corporation Global Site. Toyota Motor Corporation. February 2, 2007. Retrieved July 11, 2008.
Japan Corporate News network, 2008, Toyota Motor Corporation [online] Available: http://www.japancorp.net/company_show.asp?compid=2241 [15/02/2008]
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