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Teamster Technologies PLC: A Report
Teamster Technologies PLC: A Report
Of
MSc Engineering Management
PDE 4231
Introduction
Teamster Technologies PLC has been facing issues that have caused the company to run at a loss
in the financial year 2015. Poor Human Resource Management (HRM) practices were found to
be one of the contributing factors for the downfall of the companys financial figures. In this
report there will be a detailed analysis of each HRM practices that has led to the downfall of the
companys profits. The employees of the company are the sole reason for the companys
upbringing and downfall, HRM is the management of these employees. Since HRM is one of the
managing transformations of the companys inputs into outputs it is utmost important to focus on
it.
Retention Strategy and Reward management are some of the critical HRM practices that can help
make or break a business. Making sure key employees stay in the company and carrying out
redundancies of non-productive employees. At the same time assigning the right reward
packages and paygrades to employees from careful analysis of their performance, parallel to
looking at the companys spending and turnover is essential. These are the vital factors that
Teamster Technologies HRM lacks. Eliminating these issues would result in better financial
figures where the company would reap the benefits of high profits and prevention of loss.
The aim and objective of this report is to analyze the weaknesses and failures of the various HR
practices of the company and bring about recommendations and solutions to the problems. The
report will contain a detailed discussion of the HRM practices of the company and will also
consist of various HR related analysis shedding light on the weaknesses and failures. The report
will further contain a conclusion and recommendations of an ideal HRM practice.