HRM at TESLA

The term "human resources" is often used to describe the department or function within an organization that is responsible for managing employee relations, recruitment, and training.

However, human resources management (HRM) is much more than that. #HRM is a strategic approach to managing people in organizations in a way that aligns with the organization's overall business objectives. In today's rapidly changing business environment, effective human resources management is critical to an organization's success.

Here are five key functions of HRM:

1.Employee Recruitment and Selection: Attracting and hiring the best talent for your organization

2. Employee Training and Development: Investing in your employees to help them reach their full potential

3.Employee Performance Management: Setting goals and measuring progress to ensure employees are meeting expectations

4. Compensation and Benefits: Designing and administering programs that reward employee performance

5. Employee Relations: Managing the relationship between employees

During Value Chain Analysis, it was found that the HRM practices followed by TESLA's Team is 1 of the finest to ensure their success.

1.Tesla pursues both innovation and cost reduction of Personnel competitive strategies - which is demonstrated through their HRM practices

2.Tesla’s organisational culture, employee capabilities are maintained and channelled to the strategic effectiveness and success of the business

3.The Open innovation approach enables the company to combine ideas derived from employees to design innovative vehicles

4.Tesla has received a score of 100/100 on the Corporate Equality Index for 5 years in a row and has been named in the “Best Places to Work for LGBTQ Equality” from the Human Rights Campaign

We at RECEX have worked with 890+ companies and supported their HR Teams.