MEDIUM
Earn 100

‘No organisation can be successful unless it fills and keeps the various positions filled with the right kind of people for the right job.’ Elucidate.

50% studentsanswered this correctly

Important Questions on Economics

MEDIUM
Other Subjects>Economics>Economics>Simple Economics
A company, Xylo Limited, is setting up a new plant in India for manufacturing auto components. To capture about 40% of the market share in India and export at least ₹50 crores in about 2 years, the company requires a highly trained and motivated workforce. You have been retained by the company to advise on this matter. Outline the staffing process that Xylo Limited should follow.
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Distinguish between training and development.
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Explain why no organisation can be successful unless it fills and keeps the various positions filled with the right kind of people for the right job.
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
A major insurance company handled recruiting, screening, and training processes for data entry/customer service representatives. Their competitor attracted most of the qualified potential employees in the market, and recruiting was made more difficult by the strong economy and the ‘jobseeker’s market.’ This resulted in the client choosing candidates with the ‘soft’ skills needed for the job but lacking the proper ‘hard’ skills and training. As an HR manager, what problems do you identify in the company’s recruitment process?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Ms. Jayshree recently completed her Post Graduate Diploma in Human Resource Management and was appointed as the human resource manager of a large steel manufacturing company planning to expand by hiring 200 additional employees. She has been given complete charge of the company’s Human Resource Department. What steps should Ms. Jayshree take to perform her job efficiently?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
What is meant by staffing?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
A company, Xylo Limited, is setting up a new plant in India for manufacturing auto components. To capture about 40% of the market share in India and export at least ₹50 crores in about 2 years, the company requires a highly trained and motivated workforce. You have been retained by the company to advise on this matter. Outline the selection process that Xylo Limited should follow, with reasons for each step.
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Kaul Consultants have launched www.naukaripao.com exclusively for senior management professionals. The portal lists senior-level jobs and ensures that the job is genuine through a rigorous screening process. What are four benefits of the source of recruitment identified in the case of Kaul Consultants?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
A company is manufacturing paper plates and bowls. It produces 1,00,000 plates and bowls each day. Due to a local festival, it got an urgent order of extra 50,000 plates and bowls. Explain the method of recruitment that the company should adopt in the given circumstances to meet the order.
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Why are internal sources of recruitment considered to be more economical?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
A major insurance company handled recruiting, screening, and training processes for data entry/customer service representatives. Their competitor attracted most of the qualified potential employees in the market, and recruiting was made more difficult by the strong economy and the ‘jobseeker’s market.’ This resulted in the client choosing candidates with the ‘soft’ skills needed for the job but lacking the proper ‘hard’ skills and training. How can these problems be resolved, and what would be the impact on the company?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Ms. Jayshree recently completed her Post Graduate Diploma in Human Resource Management and was appointed as the human resource manager of a large steel manufacturing company planning to expand by hiring 200 additional employees. She has been given complete charge of the company’s Human Resource Department. What potential challenges might Ms. Jayshree face in her job?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
What is meant by recruitment?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Ms. Jayshree recently completed her Post Graduate Diploma in Human Resource Management and was appointed as the human resource manager of a large steel manufacturing company planning to expand by hiring 200 additional employees. She has been given complete charge of the company’s Human Resource Department. What functions is Ms. Jayshree expected to perform in her role as the human resource manager?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Kaul Consultants have launched www.naukaripao.com exclusively for senior management professionals. The portal lists senior-level jobs and ensures that the job is genuine through a rigorous screening process. What is the source of recruitment highlighted in the case of Kaul Consultants?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
State the two important sources of recruitment.
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
What is meant by recruitment? How is it different from selection?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
A company, Xylo Limited, is setting up a new plant in India for manufacturing auto components. To capture about 40% of the market share in India and export at least ₹50 crores in about 2 years, the company requires a highly trained and motivated workforce. You have been retained by the company to advise on this matter. Which sources of recruitment should Xylo Limited rely upon? Provide reasons for your recommendation.
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
How is recruitment different from selection?
MEDIUM
Other Subjects>Economics>Economics>Simple Economics
Ms. Jayshree recently completed her Post Graduate Diploma in Human Resource Management and was appointed as the human resource manager of a large steel manufacturing company planning to expand by hiring 200 additional employees. She has been given complete charge of the company’s Human Resource Department. How significant is Ms. Jayshree’s role in the organisation?