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Toyota's Drive to Stay Toyota

In: Business and Management

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Abstract
This paper will discuss the four approaches to employee development and which of the approaches are used at Toyota. This paper will explore the advantages and disadvantages of using retired employees to coach new employees in their new positions. This report will also examine how these employee development programs contribute to Toyota’s strength and commitment to continuous improvement and high quality. Finally this paper will discuss how Toyota’s HRM practices have created a competitive advantage for the automaker and whether or not a HR executive at another organization would suggest using the same approaches to development at their company.
Toyota’s All-Out Drive to Stay Toyota
Employee development is a joint and continuous effort between an employee and the organization for which the employee works, to improve the employee's knowledge, skills, and abilities. Successful employee development should find a balance between an individual's career goals and the organization's needs in order to get work done and achieve company goals (Ohr@umn.edu, 2010). Employee development programs make positive contributions to organizational performance. A company with highly skilled employees and supervisors can achieve much more than those companies that lack developed and skilled workers. Employee development programs make positive contributions to organizational performance. Retaining an employee saves the organization a great deal of money, and one of the best ways to retain an employee is to provide opportunities for employee development In research conducted to assess what retained employees, development was one of the top three retention items. Thus we can understand the importance of employee development to a successful organization (Ohr@umn.edu, 2010)
There are four approaches to employee development discussed in the Fundaments of Human Resource...

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