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IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION (M.B.A)
ASSUMPTION
1. To increase the turnover of the company, the worker would be cooperative not only give them a training and also successfully develop a new technology. 2. The new manufacturing division will require about 3000 workers. They plan 1500 were being capable for the training. Another 1500 worker will have to be recruited. 3. The planning for new product development could completely fail, if the workforce was not suitable. 4. Chairman and board of directors of the company assume that there must be bright young workers, which are capable of understanding the new technologies and techniques associated with electronic systems.
5. Above 52 age groups of worker, give them retirement. 6. All employees are well wisher of the company and will agree to do the required task if they are convinced that its in the interest of the organization.
Demerits 1. Bringing outside for new task will adversely affect the loyalty of the existing workers. 2. It would also create a serious environment in the company due to various technicians for periods of six to seven years before they retire.
Merits
New recruiter gives them a high wage and considerable additional expenses
1. Getting most suitable candidate who has all those skill which are developed electronic system. Which has a strong technical background. 2. Save the money, do not need to train them.
required for
Offer an opportunity to the 2800 workers belong to the age group between 45& 52 and above mistake to say them to come back to their own organization. To be appear all candidates for the interview, select the appropriate candidate afterwards give them a training.
Merits 1. The expected to be rewarded or looked after for their loyalty to the company. 2. It creates a good signal and built a new image in their mind. Demerits 1. A Lot of time and effect will be taken by the organization 2. This will be expensive and a difficult task 3. Training needs would have to be determined and facilities set up.
Best possible solution those workers below 45 age were matriculates to be retained them in the organization and trained these workers.
Most difficult tasks to handle remaining workforce of more than 10,000 technicians give them early retirement such as VRS.
Ensuring that the manufacture of the new technically superior product is not jeopardized due to unsuitability.
Advertisement for the post of technicians appropriate it would help out to search most talented candidate who well understood about new technologies and technology which are doing continues R&D.
Conduct a meeting with the old employee who work under four divisions such as Alleppy, Aurangabed, Aligarh, Agra take their review on the gravity situation. Keeping the morale of the worker in mind.