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2010 (EN)
Human Resource Policies in SIDENOR S.A. (EN)

Papandreou, Georgios (EN)

Prof Levis, Marios (EN)
Petridou, Prof Evgenia (EN)
Dr. Aletras, Vasileios (EN)
School of Economics, Business Administration and Legal Studies, Executive MBA (EN)

Human resource management contributes to the design and implementation of effective business strategies, policies, systems and management practices along with employees’ satisfaction and effective performance. Human resource management targets to recruit develop and retain those employees who are capable to achieve the organization’s goals. Employees’ daily practices and the formal policies of the organization such as recruitment and selection, training and development, performance appraisal and rewards form the human resource management system. Training formal processes provide employees with the acquisition of knowledge, skills and competencies and organizations with the appropriate actions to promote learning and development. Large companies use training and development practices to enhance personnel’s commitment to organization’s culture and values, improve quality performance and gain a competitive advantage towards to their competitors. Determination of needs, selection and implementation of method as well as evaluation, are the components for the effective implementation of training and development policy within organizations. Performance management must be aligned with business strategy, legal environment, organizational and national culture as well as labor market. Through the definition of business role, performance planning and monitoring, performance management aims to the improvement of a company’s processes as well as employees’ skills and development. Performance appraisal as the central component of performance management is the evaluation and rating of individuals in terms of quality, cost and time usually in an annual basis. Performance appraisal through numerous and different kind of methods, is interrelated with the issues of employees’ evaluation and successful management and as a consequence the improvement of organizations’ and employees’ effectiveness. Large companies design and implement training, development and appraisal policies in their effort to improve productivity, reduce costs and expand their activities as well as turn human resources out to be their competitive advantage. The aim of this report is to analyze and present training, development and appraisal policies in SIDENOR S.A. the largest Greek steel Production Company and a key player in the European steel industry market. The analysis contains sufficient details about conditions for effective training in SIDENOR, the determination of company’s training and development needs and the selection, implementation as well as evaluation of training method. Furthermore, the analysis presents the determination of employees’ abilities and objective targets for appraisal in SIDENOR, as well as supervision, review and evaluation of the company’s employees’ performance. The analysis of SIDENOR’s training, development and appraisal policies based on the relative theory and potential differences, similarities as well as omissions are being presented in the recommendations and conclusion chapter. (EN)


Διεθνές Πανεπιστήμιο της Ελλάδος (EL)
International Hellenic University (EN)


School of Economics and Business Administration, Executive MBA programme (EN)

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