Measuring the Effectiveness of Human Resource Planning: A Case of Nilachal Ispat Nigam Limited

Background/Objectives: The purpose of the study is to examine the effectiveness of human resource planning, techniques implemented in Nilachal Ispat Nigam Limited, India. Methods/Statistical Analysis: A stratified-random sample of 155 employees including senior, middle and lower level managers were taken for the study from 14 departments of Nilachal Ispat Nigam Limited. Secondary data was collected from HR managers and departmental heads who were directly and indirectly involved in planning of human resources. Stability index and employee turnover index were calculated and mean ranking was done by using SPSS 20.0. Findings: It was found out that the productivity of Nilachal Ispat Nigam limited is decreased due to less use of per capita consumption of steel in domestic market. Unavailability of raw material is also a factor for less production which is caused by constraints in governmental policy. The stability index found to be very high and labour turnover index was negligible. Employee cost to total revenue has been increased. Employee productivity is gradually increasing in last two years for which proper human resource planning is one of the key factors for the growth of the organization. The study also reveals that the planners’ expectations are more on Delphi Technique and job analysis to make effective human resource planning. Applications/Improvements: The study suggests that new bloods to be injected in every department to make the human resource planning more vibrant. This study can enlighten in restructuring HRP in varied organizations.