Abstract for: Human Resource Planning in a Shore-based Integrated Steel Plant: A SD Model
This paper elaborates a model of Human Resource supply and demand as it affects the productivity of a shore-based integrated steel plant using the System Dynamics method. The HR scenario at the plant is examined over a period of ten years, during which it successfully operated with one-third of the personnel in comparable steel plants in India. Also examined is the optimal level of human resources necessary to ensure enhanced efficiency and productivity levels, containing personnel, and redeploying surplus personnel through retraining and relocation. The key parameters taken up are non-executive/executive ratio, personnel productivity, and total workers. More precisely, it identifies policies related to (i) downsizing personnel (ii) to decreasing non-executive/executive ratio, and (iii) improving labour productivity and effectiveness.