Enhancement of Organizational Competitiveness through Innovative Human Resource Practices: A Case Study on Rourkela Steel Plant, Rourkela, Odisha, India | Original Article

ABSTRACT:

An effective Management of Human Resources has an important role to play in the performance and success of organizations. In the present business environment, Human Resource is an important input for organizational effectiveness. Competitive pressures have encouraged organizations to be proactive in diagnosing HR practices since these were no longer a matter of trend, but rather of survival. The present study attempts to explore the relationship of three dimensions of innovative Human Resource practices: That is, the extent of introduction of Innovative HR Practices, their importance for organizational goal achievement and satisfaction with implementation of innovative HR Practices with organizational commitment. The present study examines the relationship between human resource practices, trust, job satisfaction, organizational citizenship behaviour organizational commitment, motivation and perceived organizational performance, namely respondent’s perceptions of service quality, value for money and organizational effectiveness. Innovative HR practices build competencies and capabilities for superior and winning performances today and simultaneously create long term fertility for innovation of business ideas and strategies for future.