Question

A company x Ltd. is setting up a new plant in India for manufacturing auto components. India has highly competitive and cost-effective production base in this sector. X Ltd. is planning to capture about 40% of the market share in India and also export to the tune of at least $5 million in about 2 years of its planned operations. To achieve these targets, it requires a highly trained and motivated workforce. You have been retained by the company to advise it in this matter.

(i) Which sources of recruitment the company should rely upon?

(ii) Which methods of training should company initiate?

Answer 1

1. The company should rely upon the following external sources of recruitment because it is setting up a new plant and requiring large number of employees with latest technology. So, it needs to recruit technical, professional and managerial personnel.

• Advertisement
• Management consultants
• Campus recruitment.

2. The company should initiate following methods of training

• Apprenticeship training
• Vestibule training
• Internship