• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Molex and Human Resource Management

Extracts from this document...

Introduction

Touro University International Kevin J. Hall (5332) Bus401 International Business Module 3 Case Assignment Professor: Dr. Anastasia Luca Molex and Human Resource Management As today's global economic evolution stirs interest in worldwide expansion, the ongoing information revolution is shrinking the market place through a global business environment. This environment, a tossed salad of cultures, must be nourished by building a human resource function that is flexible, adapt, able, and focused on attracting, motivating, mobilizing, and retaining global human capital. The alignment of key human resource functions more closely with overall corporate strategy enables theses businesses to greater capitalize on people: the greatest, most important asset of a company. This is where Molex leads the way. Molex is a plastic material developed by the late Frederick August Krehbiel. In 1938, he founded the Molex Products Company in Brookfield, Illinois to manufacture a variety of products from this material, including clock cases, flower pots, valve wheels and salt tablet dispensers. In 1940 one of Frederick's sons, John H. ...read more.

Middle

Molex has a number of attractive performance appreciation and recognition programs to recognize and to reward significant employee contribution. These include performance bonuses, stock option plan, stock purchase plan, individual and team stock awards. Outstanding Molex employees may be offered cross-function, regional and international career opportunities as well. Not only does Molex focus internally, they believe the customer is king. "There's a strong focus on service right now. The companies that are more flexible and react to quick turnarounds will be the ones to do better. The Molex culture is built on the fact that the customer is king and comes before all of us. The company honors personal commitment, hard work, a sense of urgency in everything, and respect for the world's different cultures. Here, no single individual can ascribe success to himself," said Joe King, vice chairman and chief executive of Molex Inc., Lisle, Ill. Molex's strategic target and focus are its customers; and the worldwide operating philosophy and commitment is total customer satisfaction. ...read more.

Conclusion

To enable top managers; the company's chairman, COO, executive vice president, corporate VP of HR and VP of HR, and other senior executives of the local entity and the region, to stay focused and in tune with the companies goals, they hold an annual communication meeting. They spend a day at each location touring the factory, looking at new equipment and facilities and meeting with employees. "Our annual communications meetings ensure that our employees know they're a part of something much bigger than their local entities. They know our history, our performance, and our plans for the future. This, combined with frequent contact among our employees from entities around the world and common practices, helps maintain our culture and strengthen a global team of employees," says Roth. It is this human resource policy that is the one, singular, most important success Molex achieved. They found a way for individuals with varying backgrounds and perspectives to work together while maximizing the energy of the individuals throughout the company's global operations and limiting financial obstacles that result from the transportation of individuals from one place to another. Molex says it best themselves, "Molex: Bringing People & Technology Together, Worldwide. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. The Paradoxical Twins Acme and Omega Electronics

    This shows that he shows interest in his workers. Although he sometimes spends too much of his time informing workers of information. Omegas' decisions are made by management team whereas Acme's decisions are made by the president. Acme's president demands rather than speak politely - "demanded that Mechanical Engineering begins building those damn chassis".

  2. Managing Human Resources in Marks & Spencer.

    This means that there are less young people available in the labour market. This means there will not be as many young people available for the Cumberland to employ. Skills shortages Occupations Wood Green Tottenham Managers & administrators 12.3 11.7 Professional 9.3 9.4 Technical 8.9 8.6 Clerical & secretarial 14.3

  1. A REPORT INTO HUMAN RESOURCE MANAGEMENT AT SAINSBURY'S

    plans to stay on at the company for whatever of period of time. If employees are planning to leave in the near future then, the manager will be prepared for it as he can put out notices for vacancies available.

  2. Employees are a business's most important assets; this is why they created the Human ...

    The Zoo uses labour market trends for future human resources planning to estimate what type of potential workers are on the market and how to recruit the most skilful ones. If there is an excess of skilful unemployed workers the Zoo could offer jobs with decreased salaries and still get the vacancy filled.

  1. Total Quality Management

    In many cases this can be done by talking to the customer or doing a survey. In many cases the product is very complex and some of the customer 'wants' conflict. For instance on a car, the customer wants a door that does not leak.

  2. This report is based on functions of the Human Resource department at HSBC Bank. ...

    For example, HSBC could say, 'you must have a degree in accountancy'. In this advertisement for the job HSBC must include a job description and job specification. A job description is the description given by HSBC saying what your job is to do, and a job specification tells the applicant

  1. Human Resource Planning.

    For example black and other ethnic groups unemployment rates were 22.7% higher in 1991 in Alperton ward than for the white population. This percentage difference is then applied to the current rate. The resulting figure is intended to give a broad estimate of the likely unemployment rate for the black and other ethnic groups.

  2. Human Resource Planning.

    Address and contact. This should appear, with a telephone number of appropriate. Qualifications. Certain jobs require a minimum entrance qualification, which should be clearly stated. Experience. This should be considered, as it will have a bearing on the expected salary level for the job.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work