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Bridging Competency Gaps and Navigating Emerging Horizons in HR Management: A Study in the Foundry Industry of Kolhapur, India

In: Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023)

Author

Listed:
  • Bindu Menon

    (Associate Professor, CSIBER)

  • Madhura Mane

    (Madhura Mane, HOD, MBA Department, CSIBER)

Abstract

This study aims to explore the competencies of HR managers and the disparities between actual and expected competencies while considering the influence of age. The research is based on data collected through surveys, structured questionnaires, telephonic interviews, job analysis, job evaluation, expert consultations, and 360-degree feedback. The findings reveal that competencies are indeed influenced by age, emphasizing the need for tailored training programs for different age groups. Specific competency gaps were identified in functional, managerial, and human attributes areas, prompting the recommendation of targeted training and development programs to address these shortfalls. Furthermore, the study highlights varying levels of awareness and application of emerging HRM areas such as Natural Language Processing (NLP) and HR Analytics, suggesting the importance of training in these domains. Organizations are encouraged to foster a continuous learning culture, conduct regular competency assessments, and tailor training programs to enhance HR professionals’ competencies, ultimately contributing to HR and organizational success.

Suggested Citation

  • Bindu Menon & Madhura Mane, 2024. "Bridging Competency Gaps and Navigating Emerging Horizons in HR Management: A Study in the Foundry Industry of Kolhapur, India," Advances in Economics, Business and Management Research, in: Meena Rani Nimmagadda & Catherine S. & Praseeda Challapalli & V. Sasirekha (ed.), Proceedings of the 3rd International Conference on Reinventing Business Practices, Start-ups and Sustainability (ICRBSS 2023), pages 724-738, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-374-0_62
    DOI: 10.2991/978-94-6463-374-0_62
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