Human Resource Systems - Assignment Example
Empowering employees and http://pay-someone-to-write-my-research-paper161.mystrikingly.com/ organizing around teams are aimed by BMW for facilitating communication and making it easier for decisions to be made. It helps the company to respond quickly to customer's needs and it's competitor's challenges. It helps them learn to prioritize tasks and reduce job stress. A workforce that is knowledgeable and skilled at doing complex things keeps a company competitive and attracts investments. Improved productivity means fewer people, less money, less time, less space and fewer resources. Bonuses are given to workers on giving superb ideas related to cutting cost savings, as they are directly involved in production. BMW prefers increased participation from the worker's side. They must give at least three ideas with eight hundred pound for each idea and to qualify for full annual bonus up to two hundred and sixty six pounds. This is done to save 3.6 M annually. The company has also increased workers pay from 2,500 pounds to 4,500 pounds.
