2. Brief Overview of Siemens
A 150 years old conglomerate company which is headquartered in
Berlin and Munich, Germany.
Recently has taken a diversified strategy in the product
Main products are power generation technology, electrical
products.it has densified into software, engineering and services
with
Has a team of 400000 employees over 190 countries.
Depends heavily on HRM like employee selection, training and
compensation
Employees are also provided extensive continuing education and
management development.
3. Solution 1
4 strategically required Outcomes and 4required workforce
competencies and Behavior
Outcomes: 1.Value Based Product, 2.Technology Efficient, 3.Team work
management, 4.Social role (personal accountability)
Competencies and behaviors:
1. Dedicated: dedicated to achieve the company’s new project of
software building, engineering and services.
2. Accountable: they should be accountable for what they are doing for
the new corporate strategies
3. Generative: new knowledge and skills in a constant search for
innovative solution for the new diversified strategies of the company.
4. Resilient: the employee should be stayed resilient and for that
teamwork and cross-border and cross-culture experience is needed.
4. Solution 2
4 Relevant HR Policies and Activities
Relevant HR Policies:
1. Focusing on employee selection, training and
compensation techniques for the new strategy.
2. Providing the combined classroom and hands on
apprenticeship training.
3. providing job enrichment like working in team, making
them feel as a part of the company.
4. New compensation and benefits like offering extensive
continuing education and management development.
5. Strategy Map for Siemens
Financial Aim Profit and Shareholder Values
Grow Revenue High Technological products
Attract and Keep CustomersCustomer Aims
Learning Environment Mutual Social Respect
Internal Operation Dedicated Team work
Employees consideration Diversified workforce
6. Learning
For the new diversified strategy the company has to put
pressure on the HR sector
For new strategy new employees need to be selected, trained
and compensated.
The working environment of the company is favorable for the
employee.
Dedicated for the company as well as for the employee too.
Mainly focuses on ‘For new strategy how the HR needs to be
managed’