A company, Xylo limited, is setting up a new plant in India for manufacturing auto components. India is a highly competitive and cost effective production base in this sector. Many reputed car manufacturers source their auto components from here. Xylo limited is planning to capture about 40% of the market share in India and also export to the tune of at least ` 50 crores in about 2 years of its planned operations. To achieve these targets it requires a highly trained and motivated work force. You have been retained by the company to advise it in this matter. While giving answers keep in mind the sector the company is operating.
Questions:
a. Outline the process of staffing the company should follow.
b. Which sources of recruitment the company should rely upon. Give reasons for your recommendation.
c. Outline the process of selection the company should follow with reasons.
a. Xylo Limited is planning to set up a new plant in India for manufacturing auto components. The prime concern of the company is to hire the manpower, who are highly trained and motivated. In order to achieve the targets, the company should follow the staffing process in this manner.
b. The company is establishing a new unit in India. Thus, they should rely on external sources of recruitment. They should adopt this source and through employment exchange, placement agencies and labour contractors, they will be able to get good staff in the company.
This recommendation is fruitful because through these sources the company will have a wide choice of candidates. They can get the qualified personnel and bring new blood in the organisation who are highly competitive and will work harder to show better performance.
c. Through the recruitment process organisations receive a large number of applications. In order to select the most suitable candidate to perform the job, the selection process is to be considered.
Following steps are to taken in series:
Preliminary screening helps the manager to select from among those candidates who have applied.
- Preliminary screening: Preliminary screening helps the manager to select from among candidates who have applied.
- Selection test: It is to be conducted to check the practical knowledge of the candidate.
- Interview: Interview is to be taken of those candidates, who qualify the test. A panel of experts is called for, to identify the best among hundreds.
- Selection decision: In this step the candidates who pass the test and the interview are included in the selection list and critically examined whether they are best or not.
- Medical examination: In this step their medical fitness is examined whether they are physically and mentally fit or not.
- Job offer: This step is to provide them a letter of appointment, in which terms and conditions are mentioned.
- Contract of employment: When candidates accept the job offer, they sign the contract of employment. The employer and candidate exchange certain documents as the final process of selection.
Popular Questions of Class 12 Business Studies
- Q:-
What are the steps taken by management in the planning process?
- Q:-
Why is management considered to be a multi-dimensional concept?
- Q:-
Explain the procedure for selection of employees.
- Q:-
How would you characterize the business environment? Explain with examples, the difference between general and specific environment.
- Q:-
Indian Railways has launched a new broad gauge solar power train which is going to be a path breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.
- Q:-
The government of India announced Demonetization of ₹ 500 and ₹ 1,000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing ₹ 500 and ₹ 1,000 currency notes ceased to be legal tender from that date. New currency notes of the denomination of ₹ 500 and ₹ 2,000 were issued by Reserve Bank of India after the announcement.
This step resulted in a substantial increase in the awareness about and use of Point of Sale machines, e-wallets, digital cash and other modes of cashless transactions. Also, increased transparency in monetary transactions and disclosure led to a rise in government revenue in the form of tax collection.
a. Enumerate the dimensions of the business environment highlighted above.
b. State the features of Demonetization. - Q:-
Define scientific management. State any three of its principles.
- Q:-
Explain the qualities of a good leader? Do the qualities alone ensure leadership success?
- Q:-
Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.
- Q:-
Management is a series of continuous interrelated functions. Comment.
Recently Viewed Questions of Class 12 Business Studies
- Q:-
Do you think management has the characteristics of a full-fledged profession?
- Q:-
Explain the recent Capital Market reforms in India.
- Q:-
Give an example to show that a business firm operates within numerous inter related factors constituting the business environment.(Hint: example highlighting the inter relatedness of dimensions of business environment).
- Q:-
A company, which manufactures a popular brand of toys, has been enjoying good market reputation. It has a functional organisational structure with separate departments for Production, Marketing, Finance, Human Resources and Research and Development. Lately to use its brand name and also to cash on to new business opportunities it is thinking to diversify into manufacture of new range of electronic toys for which a new market is emerging. Which organisation structure should be adopted in this situation? Give concrete reasons with regard to benefits the company will derive from the steps it should take.
- Q:-
Decentralisation is extending delegation to the lowest level. Comment.
- Q:-
‘Planning is looking ahead and controlling is looking back.’ Comment.
- Q:-
What are the steps taken by management in the planning process?
- Q:-
Explain any four points regarding significance of principles of management.
- Q:-
Coordination is the essence of management. Do you agree? Give reasons.
- Q:-
Ashita and Lakshita are employees working in Dazzling enterprises dealing in costume jewellery. The firm secured an urgent order for 1,000 bracelets that were to be delivered within 4 days. They were assigned the responsibility of producing 500 bracelets each at a cost of Rs 100 per bracelet. Ashita was able to produce the required number within the stipulated time at the cost of Rs 55,000 whereas, Lakshita was able to produce only 450 units at a cost of Rs 90 per unit. State whether Ashita and Lakshita are efficient and effective. Give reasons to justify your answer.
- NCERT Chapter