THE 5 ‘S’ CONCEPT: A STRATEGY FOR CONTINUOUS IMPROVEMENT IN RASRTIA ISPATH NIGUM LIMITED, VISAKHAPATNAM
The concept of HRD assumes immense importance as it plays a vital role in meeting the challenging requirements of highly skilled and competent HR in the present era of globalization. A strategic HRD system is perhaps the most important element in organizational effectiveness, which not only ensures present performance but also its long-term survival and growth. In today’s organizations not only aimed on the workplace but linked directly to the core business strategy.
The methodology comprises for this study based on the both primary and secondary data, which consists of the opinions of the sample respondents, company records, in-house Magazines, etc. To create a competitive environment among employees to increase the awareness, it is suggested that publicity through banners and hoardings at strategic locations will definitely have an impact on the knowledge levels of employees in respect of 5 “S” concept, its benefits to both the employees and organization.
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