Human resource is defined by many companies as a combination of the administrative functions with the performance of the companys employees and their relations along with the companys planning. Basically it helps the company to achieve the goals and objectives that are set for them by the management. As you all know that human resource activities also make a large contribution to the companys success in many ways but the HR activities mostly support the strategies of the organization. The HR department basically exists to support the managers and the employees of the company and to pursue the companys goal or objectives.
Background Toyota Boshoku (Australia)
Toyota Boshoku is a part of the Toyota Group of companies, it was established on the st October, 2002 and it started to operate from November, 2003. The head office of the company is situated in Boundary Road, Laverton North, Victoria. Toyota Boshoku Australia is known for its car interior systems (i.e. seats, package tray, floor carpet, insulator dash inner and silencer CTR console etc.). As of 2009 the company employs somewhere around 442 employees.
The vision of the company is to be
come a global company in all forms and a leading company in the World Automotive Interior Systems and Filter Supplier market. The company wants to fully satisfy their shareholders, customers, employees, and as well as partnering companies. The mission of the company is to ensure that the employees are satisfied by the company and that to contribute them with the prosperity of the company. The company strongly believes in corporate social responsibility. Toyota Boshoku also believes in giving back to the community and contributes in the form of economic and cultural contribution to the area where they operate. (Toyota Boshoku 2008).
SWOT Analysis
Originally, SWOT matrix represents the company as an enterprise with balanced opportunities and threats, consequently, the company has perfect opportunities for further development. Effective application of the business principles and HR strategy is one of the most important and essential strengths of the company. However, the increased attention to strategic HRM distracts the companys attention from market capitalization processes, which makes the company weak within the competitors.
PESTEL analysis