Utilizing an Executive Summary format identify Ford Motor Company's key points such as:
Key Human Resource Challenges, explaining why they are challenges.
Ford Motor Company
Ford is one of the largest carmakers and has a product line of eight different carlines which holds to be very impressive to the vehicle consumer. Some of these brands include Jaguar, Aston Martin, Land Rover etc. It is also involved in financing its products through its subsidiary Ford Motor credit. (www.yahoo.com). The major competitors of Ford are GM, Toyota, Daimler Chrysler, Honda, and Hyundai. Since few years its facing lot of challenges and its financial performance has also gone down. Thus the major human resource challenges that Ford is facing is:
? To attract and retain top human resource talent.
This is required for the effective management of the organization.
? To integrate the human resource strategy with overall strategy.
Integration involves selecting the HRM options consistent with (and which promote) the particular corporate strategy. For instance a strategy of innovation may require a pay system less influenced by market rates but which rewards creativity, and the pay rates would even be low so long as there are ways of making up the earnings package. A cost ...
Key Human Resource Challenges for an organization.