HR practices of Hyundai

Sakshi Natani PGDM2/1530

Introduction of companyThe Hyundai Company is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. The company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, together comprise the Hyundai Motor Group, which is the world's fifth largest automaker based on annual vehicle sales in 2012In 2008, Hyundai Motor (without Kia) was ranked as the eighth largest automaker. As of 2012, the Company sold over 4.4 million vehicles worldwide in that year, and together with Kia, total sales were 7.12 million.Hyundai is currently the fourth largest vehicle manufacturer in the world. Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea, which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 5,000 dealerships and showrooms.

Human resources Department

Hyundai main aim is to retain and develop good talents, proactively develop managerial leadership and establish efficient performance-oriented HR systems, in order to achieve the vision and mid-to-long term strategy of Hyundai Motor Manufacturing Czech.

Sections- 1. Employment2. Performance3. Payroll and benefit4. HR development

• To keep organization as competitive advantage against competitors.

• To keep effective and efficiently the working place of Hyundai Motor

• Achievement of an organization's objectives.It has best plan that caters to = • concentrate on environment, • society,• product responsibility• corporate citizen• As a whole to improve the company.

Purpose of SHRM activities in Hyundai

Steps to find the requirements for the company in human resource

• Gap analysis• To identify important and main activities• Causes of performance problem• Identifying the possible solutions

The impact of regulatory requirement on human resource policies of Hyundai Motor

• Recruitment process and induction• Training and development• Performance management• Disciplinary and grievance policy

Develop a human resources plan 

To develop the human resources plan for Hyundai Motor organization the following steps are consider best way to develop with strategy-

• Aware of strategy• Mission statement set clear• SWOT analysis• Human resource analysis• Identify critical issues• Solutions and influence• Best action plan implementation and evaluation

Conclusion

The rise of Hyundai company uncovers that there is an association between strategy human asset administration and effective arrangement. It demonstrates that it assumes vital part and in various time to deal with the circumstance. So as per the idea of human asset Hyundai company , the methodology is updated to accomplish the goals and objectives of an association.

Thank you