Competency Based Human Resource Management in Process Industries with Specific Reference to Bhilai Steel Plant

Abstract

In present business scenario, companies are required to be vigilant to changing customer needs and emerging market trends. Proactive action to align the organization to these changes can be a competitive advantage for the organization. Moreover , the process industries have limitations of less flexible product mix and raw material which further put constraints on their profitability. Steel industry is no exception to it. Competency development plays a major role in fulfilling customer requirements with minimum cost. Competency based human resource management tries to orient HR processes and systems to enhance the capability of the people at workplace. Present research work employs literature and empirical study of the HRM practices at Bhilai Steel Plant which are aligned to develop competencies of the people. It can be inferred from the study that strategic management of human resources play significant role in developing competency required at work place.