Academic journal article International Management Review

Strategic Human Resource Development Practices: An Empirical Study of Steel Manufacturing Industries of Bangladesh

Academic journal article International Management Review

Strategic Human Resource Development Practices: An Empirical Study of Steel Manufacturing Industries of Bangladesh

Article excerpt

[Abstract] In modem Human Resource Management (HRM), the concept of "Strategic Human Resource Development" (SHRD) is a relatively new concept. The idea of SHRD is built upon the increasing importance of HR as an essential value-creating component of organization and needs to be studied in details. The central objective is to study empirically the status and scope of SHRD. The investigative objective of this paper is to do it for a manufacturing sector, and here the sub sector is Steel Rerolling. In this article, first the concept of SHRD is elaborated with the help of an extensive literature review. The study tries to identify the current scenario of SHRD practices in the branded steel mills of Bangladesh by studying the opinions from 62 workers of 6 different steel industries. This was supplemented with interviews of HR executives from 3 different companies. The key discovery of the study is an absence of interactive relationship between workers and management that is quite evident, and the workplace environment is not compliant with required standards to be considered as practicing SHRD. The need and scope to modernize the HR practices along the lines of SHRD concepts and ideas are recommended in detail. There is a long way to go on the way of conceptualizing and actualizing SHRD principles and practices. A paper like this one will help discuss and debate cultural and conceptual changes, which are much needed in these sectors.

[Keywords] strategic human resource development; strategic human resource development systems

Introduction

The rising thought of Human Resource Development (HRD) puts people at the center of development because development is not only by people, it is also for people (Arya & Tandon, 1998). Modem HRD Practices are not only for the individual growth, but also for conquering organizational and national progress (Huda & Karim, 2007). The present situation of the global economic changes is forcing leading organizations to undertake massive business challenges to upgrade, update, and seize new opportunities.

According to Drucker (1999), the most valuable asset of a 21st century institution will be its knowledge workers and their productivity. So, the next generation organizations must focus on HRD to become value driven and innovative for serving customers and stakeholders. The functions of Human Resource Development (HRD) are well thought out in the foremost corporate operations to gain value based on competitive advantage, mostly in the standardized industrial sectors like steel, leather, plastics, etc. To deal with this quickly changing industrial world, the labor intensive manufacturing companies must develop their HR in conformity with the business strategies (Huda & Karim 2007) and must comply with the concepts of Strategic Human Resource Development (SHRD) practices in managing and developing human resources.

Strategic HRD can be viewed as a proactive, system-wide intervention, linked with strategic planning and cultural change (Garavan et.el., 1995). The issue of strategic human resource management (SHRD) is gaining popularity whether service oriented or production oriented, and the performance of any organization depends heavily on the performance of its human resources (Jain, 2005). The conceptual application of SHRD leads to ensure a congenial quality of productive working life for the workforce to implement strategic components of business effectively.

Steel has enabled our modem way of life. It has helped lift societies out of poverty, spurring economic growth, and continues to do so around the world today (World Steel Association, 2012). This industry has long been regarded as a symbol of national strength in many countries (ITIS Program Office, 2007). The Steel industries act as a feeder to many important industries by providing different types of deliberate materials, like rods, bars, sheets, plates, etc. These materials are used as vital inputs to many strategic industries, like infrastructure, housing, marine, power, mechanized transportation, agriculture, etc. …

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