III.2. HR Vision and Mission. Objectives.
HR Vision: To support the vision of Microchip Technology "to be the best embedded control solutions company ever" by creating a great place to work.
HR Mission: Human Resources and Organizational Development strive to create a great work environment by searching for and attracting top talent, and providing an environment where employees are encouraged to learn and develop. We are committed to delivering these services in a dependable, timely and cost-effective manner, while balancing the needs of our most valuable resource - our PEOPLE.
• Provide a work ...view middle of the document...
• Increase efficiency with increased automation of processes.
• Differentiate Microchip in order to attract and retain top talent.
• Create and develop employee, technical and leadership talent within Microchip using a variety of development techniques and leveraging internal and external resources.
HR Vision and Mission are in very much synch with the Company’s which are:
“In order to contribute to the ongoing success of customers, shareholders and employees, our mission is to focus resources on high value, high quality products and to continuously improve all aspects of our business, providing an industry leading return on investment.”
← Microchip’s vision
❖ Be The Very Best Embedded Control Solutions Company Ever
Thus HR has had an essential role within the Company by adding value and contributing to the success of it.
A HR Strategy consisting of aligned HR practices provides a competitive advantage:
• Strategic HR practices:
o Recruiting and selection
o Performance Appraisal
o Personnel Planning
o Training self-managed teams
• Performance increases:
o Enhanced retention
o Increased labor
o Improved quality
o Cost saving
• Continuous profitability:
• Market value
• Return on equity
• Return on assets
….. and increases company performance and market value. Only a coherent HR Strategy System substantially increases market value.