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Training & Development Journal
Year : 2019, Volume : 10, Issue : 1
First page : ( 55) Last page : ( 67)
Print ISSN : 2231-0681. Online ISSN : 2231-069X.
Article DOI : 10.5958/2231-069X.2019.00006.4

Strategic Human Resource Management and Employee Satisfaction: A Case Study

Das Sitaram1,*, Das Kishore Chandra2, Sundaray Bijaya Kumar3, Sahoo Chandan Kumar4

1Assistant Professor, Department of Business Administration, North Orissa University, Takatpur, Baripada, Odisha, India

2Director (Personnel), Rashtriya Ispat Nigam Limited, Visakhapatnam, Andhra Pradesh, India

3Reader, Department of Personnel Management and Industrial Relations, Utkal University, Vani Vihar, Bhubaneswar, Odisha

4Associate Professor, School of Management, National Institute of Technology Rourkela, Rourkela, Sundergarh, Odisha, India

*Corresponding author email id: sahooc@nitrkl.ac.in

Online published on 8 July, 2019.

Abstract

Strategic human resource management (SHRM) is the process whereby management establishes an organization's long term direction, set specific performance objectives, develops strategies to achieve these objectives in the light of all relevant internal and external circumstances and undertake to execute the chosen action plan. This will emphasize the implementation of a set of policies and practices that will build an employee pool of skill, knowledge and abilities that are relevant to organizational goal. It is concerned with the planned human resource activities intended to enable an organization to achieve its goals by using ethical practices. SHRM focuses on human resources activities with organizational objectives. Strategic HRM objectives are identified according to business strategy. This study is an analytical one, which concentrates on the strategic human resource management practices in National Aluminium Company Limited (NALCO). The NALCO has been selected for the purpose of the study to draw a clear picture on the impact of strategic human resource management practices on organizational success. The study has explored various aspects of strategic HRM practices experienced by NALCO in the prevailing competitive environment through an indepth empirical study based on primary data, which yields some valuable knowledge on the alignment of HRM practices towards survival and sustainability of the organization. More importantly, the gaps identified during the literature review were addressed in the empirical study. A model has been derived based on the hypothesized issues which finds it essential for the organization to come up with the initiatives towards employee training, fair compensation, cordial industrial relations to energize people towards the achievement of organizational objectives. Thus, strategic HRM practices when implemented in the true sense will help the organization to channelize individual and group efforts towards individual satisfaction and organizational prosperity by creating the sense of ownership.

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Keywords

Strategic human resource management, Training initiatives, Wages and allowances, Industrial relations, Employee satisfaction.

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