Human resource management contributes to the design and implementation of
effective business strategies, policies, systems and management practices along with
employees’ satisfaction and effective performance. Human resource management
targets to recruit develop and retain those employees who are capable to achieve the
organization’s goals. Employees’ daily practices and the formal policies of the
organization such as recruitment and selection, training and development,
performance appraisal and rewards form the human resource management system.
Training formal processes provide employees with the acquisition of knowledge,
skills and competencies and organizations with the appropriate actions to promote
learning and development. Large companies use training and development practices
to enhance personnel’s commitment to organization’s culture and values, improve
quality performance and gain a competitive advantage towards to their competitors.
Determination of needs, selection and implementation of method as well as
evaluation, are the components for the effective implementation of training and
development policy within organizations.
Performance management must be aligned with business strategy, legal environment,
organizational and national culture as well as labor market. Through the definition of
business role, performance planning and monitoring, performance management aims
to the improvement of a company’s processes as well as employees’ skills and
development. Performance appraisal as the central component of performance
management is the evaluation and rating of individuals in terms of quality, cost and
time usually in an annual basis. Performance appraisal through numerous and
different kind of methods, is interrelated with the issues of employees’ evaluation and
successful management and as a consequence the improvement of organizations’ and
employees’ effectiveness.
Large companies design and implement training, development and appraisal policies
in their effort to improve productivity, reduce costs and expand their activities as well
as turn human resources out to be their competitive advantage. The aim of this report
is to analyze and present training, development and appraisal policies in SIDENOR
S.A. the largest Greek steel Production Company and a key player in the European
steel industry market. The analysis contains sufficient details about conditions for
effective training in SIDENOR, the determination of company’s training and
development needs and the selection, implementation as well as evaluation of training
method. Furthermore, the analysis presents the determination of employees’ abilities
and objective targets for appraisal in SIDENOR, as well as supervision, review and
evaluation of the company’s employees’ performance. The analysis of SIDENOR’s
training, development and appraisal policies based on the relative theory and potential
differences, similarities as well as omissions are being presented in the
recommendations and conclusion chapter.
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