Sample Report: On Toyota Financial Business report

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Table of Content

5.1 Analyze the two principles of human resources function

5.1. A. One principle: The continuous engagement of the manpower from the recruitment stage to retirement stage

5.1. B. Another principle: The assessment of manpower to lead the machine

Recommendation

5.2 Analyze the two practices of human resources function

5.2. A. One practice: The hiring process and the selection of the Toyota finance ltd.

5.2 B. Another practice: The providing of the compensation and earning benefits.

Recommendations

Reference List

 

5.1 Analyze the two principles of human resources function

Toyota financial NZ is a financial supportive company on motor vehicles is considered to analyze two principles of Human Resource Function and providing a recommendation. The company not only supports its customers with finance but lease and insurance are also done on the motor vehicles (Soliman, 2017). The principle of human resource function is to impose principle on the manpower of Toyota finance ltd in order to direct the company in an effective way by evaluating the skills of the employees and providing training to increase the performance level. The principles of Human resource function are described below.

5.1. A. One principle: The continuous engagement of the manpower from the recruitment stage to the retirement stage

Manpower is the best resource to run the business of the Toyota finance ltd. This is the most important principle to the continuous engagement of manpower in Toyota finance ltd NZ. There is the deal which is done with the employees from their joining day to leaving day. The deal is done on the basis of proper planning, acting and directing the employees in the correct way to meet the goals of Toyota finance ltd. The employees are trained properly and give them adequate knowledge about motor vehicles insurance, finance, and leasing. It has the inclination with the selection, development, hiring, administration, transport, promotion and the ranking of merits (Rangaswamy & Nainani, 2017). 

5.1. B. Another principle: The assessment of manpower to lead the machine

In previous days, the machine was the main counting thing which measures the success of the Toyota finance ltd. The scenario has changed in the present days. Instead of a machine, the manpower is counted as the success factor of Toyota finance ltd. The machines are run by the manpower and the direction of running the machines are directed by employees. Hence, manpower is the best resource instead of a machine for the Toyota finance ltd.

Related report sample: ANZ Bank,  Columbus Cafe, Better Drinks.

 

This is a business report on toyota financial From our experts get your report right now

Recommendation

There are some recommendations described below to improve the operation of the business of Toyota finance ltd.

Proper training would be provided to the employees in Toyota finance ltd to increase the manpower and the testing would be done to select the efficient employees. 

Proper planning would be needed to maintain by Toyota finance ltd to enhance the manpower by taking the proper steps in time.

 Encouragement of the employees would be provided by Toyota finance ltd which gives them the extra facility and bonus (Torres et al., 2018).

The list of merit would be created and the more efficient employee would be rewarded.

The concentration is given on the manpower instead of the machine in the Toyota finance ltd.

5.2 Analyze the two practices of human resources function

The practices which are the best are implemented by Toyota finance ltd which has a significant impact on the business of Toyota finance ltd. The continuous monitoring is done to implement the function of human resources by following two practices. These two practices are described below.

5.2. A. One practice: The hiring process and the selection of the Toyota finance ltd.

The process of hiring efficient manpower has the significance value. The selection process is done on the basis of efficiency and effectiveness. The Toyota finance ltd has sponsorship to conduct the hiring process. First of all the job vacancies are published as the advertisement through the newspaper, social media, etc. Then on the date of hire, the best effort is imposed on the selection of the candidates who have the abilities to run the business in an effective way. The selection process depends on the adequate knowledge and skills of the candidates on the motor industry. The proper training is provided to the employees if it is necessary in order to increase the manpower to run the business (Soliman, 2017).

5.2 B. Another practice: The providing of the compensation and earning benefits.

This practice has a significant effect on the Toyota finance ltd. The function of human resource is to use the manpower as the resource of the Toyota finance ltd. The fitness of the manpower is essential to calculate the growth factor of the company. The success of the business of Toyota finance ltd has a dependency on the manpower. Hence, the improvement of manpower is essential. The compensation and benefits are going hand in hand. The representation is done on viewing the rewarding system of the employees by the employers. The image of the Toyota finance ltd is clear by paying compensation to the employees. The wages of the employees include the taxes on benefit has 70% compromising factor on the costs of the employers in accordance with the report of 2019. The accentuations of the benefits are 30% of the total costs associated with labor (Soliman, 2017). 

Related report sample: ANZ Bank,  Columbus CafeBetter Drinks.

Recommendations

There are some recommendations described below to improve the operation of the business of Toyota finance ltd.

The improvement of the manpower is done by providing proper training. 

The compensation would be provided in the case of loss of the Toyota finance ltd.

The suffering factors of manpower would be discarded in an effective way.

The measurement of the fitness of the employees to make them a useful resource of Toyota finance ltd.

The selection of the employees would be done wisely to avoid a critical position in the future.

 

Reference List

Rangaswamy, R., & Nainani, B. (2017). U.S. Patent No. 9,589,240. Washington, DC: U.S. Patent and Trademark Office.

Soliman, M. (2017). A Comprehensive Review of Manufacturing Wastes: Toyota Production System Lean Principles.

Torres, L. A., Souza, M. C. S., Xavier, A. C. B., & Melo, R. S. S. (2018). Value Stream Mapping of the Design Process in a Design-Build Firm. In ISARC. Proceedings of the International Symposium on Automation and Robotics in Construction (Vol. 35, pp. 1-8). IAARC Publications.

 

This is a business Report on Toyota financial From our experts get your report right now

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