The Development of a Theoretical and Conceptual Human Resource Management - Essay Example

While such programs are essentially characterized by the conventional monetary and non-monetary incentives to a greater extent, there are some novel elements such as de-structuring and delayering of certain positions in the hierarchy. Such efforts have produced some positive results through the extent of them is not known. XYZ Company was founded in 1899 by a group of investors including Giovanni Agnelli. Apart from cars, it is also manufacturing railroad vehicles, tanks, and air crafts. In 2009, XYZ Company became the world's sixth-largest carmaker as well as Italy's largest carmaker.

XYZ company-based cars are constructed all around the world, with the largest number produced outside Italy being built inBrazil, where they are best-sellers. It also has factories inArgentinaandPoland. XYZ Company has a long history of licensing its products to other countries regardless of local political or cultural persuasion (Robbins, 2009). Joint venture operations are found in Italy, France, Turkey, India, Serbia, and Russia. XYZ is a company that supplies good job opportunities to the employees.

However, the XYZ Company's operations are increasingly being affected by a lack of uniformity in work standards among its employees in different manufacturing plants. It's a higher level of absenteeism, low morale, poor motivation and ultimately the work-related stress of employees at some of the European factories have been reported. However, those work-related problems are becoming too common among XYZ Company workers nowadays. This paper would focus on just these facets in addition to the overall learning outcomes to delineate the theoretical constructs underlying these implications arising from stress and implement a new performance management system to enhance the performance of the workers in the manufacturing plants of XYZ Company in Europe. In fact management of XYZ believes that it cannot perform well in the industry without employing productive and efficient staff in the factories.