Advanced human resource Essay Example | Topics and Well Written Essays - 2250 words

Advanced human resource - Essay Example In 2014, Toyota has a net capital of 397.05 billion yen and it has 338,875 employees operating for accomplishing the organisational objectives (Toyota Motor Corporation, 2015). Toyota has been operating with highest market share in the world in the present day context. The company is also identified to be one of the largest companies in terms of revenue. Human Resource Department of the company has been identified to be facing Human Resource (HR) issues, which has been adversely affecting the operations of the business to a certain extent. For a company, human resource is ascertaining to be the main asset to develop and grow, as human resource facilitates in performing operations in accordance with organisational objective (Ekshan & Othman, 2009). The three HR issues faced by the company include training, negative behaviour, and employee engagement and commitment (Austenfeld, 2006). For making the employee perfect and efficient, effective training is needed to be provided, so that the employees are able to perform their tasks effectively and efficiently for accomplishing organisational objectives. Providing better training to the employees of the company helps in building up the right skills and knowledge of the subsequent products that are to be offered for meeting the preferences of the customers. Training is an important aspect for motivating as well as developing the competency of the employees, so that the employees are able to perform their operations on the basis of organisational needs. The objective of training involves mostly acquisition of knowledge needed for the staff to perform their function in a better way (Dyer, 2008). Negative behaviour in the organisation could affect the growth of the company. In addition, it affects the productivity and profitability of the organisation. In the organisation, the employees develop negative behaviour at the time

Current Economic Problems Facing Our Country Essay

Current Economic Problems Facing Our Country - Essay Example During the last four months of 2008, the financial system was on the verge of a meltdown, many banks in the United States went bankrupt, others had to seek government assistance in order to survive, and yet others had a severe impact on their profitability resulting in mergers and takeovers in the subsequent months. To make things worse, there were rumors that banks would default and people would not be able to recover their life savings. The federal bank had to step in immediately in an attempt to prevent a run on the banks, which could possibly result in every individual queuing on the bank counters to withdraw their savings from their respective accounts (Shiller, pp. 92-94). Otherwise, stable banks can go into default in a matter of hours in this scenario. The federal bank stepped in to guarantee deposits below certain limits preventing a complete meltdown. This was just the beginning of a major change in the lives of millions of Americans who had never anticipated such a situation. In the next few days, the bankruptcy of Lehman Brothers, one of the most renowned global investment banks became apparent. Hundreds of other firms connected to the Lehman Brothers network had to suffer major losses and write-down their loans during the months to follow. One after the other, many banks went into trouble in a matter of just two weeks; the global financial industry had completely changed its dynamics. Bank of America acquired Meryl Lynch and the government had to inject equity into almost all major banks (Soros, pp. 2-4). As a result, in a matter of weeks, the government now owned a majority stake in most financial institutions. Investors lost confidence in the financial system and the number of initial public offerings each month became almost insignificant. The investment banking industry virtually collapsed and went into a wave of downsizing. Many banks terminated their global market operations in order to generate equity injections through sales of their operations elsewhere. The idea of an organization becoming too big to fail became redundant.