A STUDY ON COMPETENCY BASED HRM PROCESS AND ITS IMPACT ON ORGANIZATIONAL PERFORMANCE WITH REFERENCE TO TEXTILE INDUSTRY IN TRICHY DISTRICT

Abstract

    Business is complex and competitive.  It will be more so in the days to come. Textile Industries keep adopting new techniques and are hunting for innovations, systems, methods, procedures and management practices. Textile industries around the world depend on human capital to achieve their strategic objectives.  With the increase in competition, locally or globally, organization must become more adaptable, resilient, agile and customer-focused to success.    HRM involves the productive use of people in achieving organizational strategic objectives and the satisfaction of individual employee needs. It executes diverse functions such as recruitment and selection, training and development, performance management, compensation management, managing diversity, industrial relation, labour laws, HR information system, career planning, employee health and safety, HR audit and managing all these in the changing world.  With the emerging changes and challenges in the Textile world, Human Resource Management (HRM) has to evolve to become a strategic partner.  The data are collected through questionnaire and the sampling technique is stratified random sampling technique.  For statistical analyses, SPSS-25 version used and Statistical tools like percentage analysis, ANOVA, Correlation, Chi-square and ‘z’ test applied.  The findings were based on the Research hypothesis, demographic profile and various dimensions of Competency based HRM process and its impact on organizational performance.  Suggestions and Conclusion are based on those findings.  This paper focuses on the importance of designing towards Competency based on HRM process and its impact on organizational performance.