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A company X Ltd. Is settig up a new pla...

A company X Ltd. Is settig up a new plant in India for manufacturing auto components. India has a highly competitive and cost effective production base in this sector. Many reputed car munufacturers source their auto components from here. X Ltd is planning to capture about `40%` of the market share in India and also export to the tune of atleast `$ 5` million 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 answer keep in mind the sector, the company is operating.
Which source of recruitment should be company rely upon? Give reasons for your recommendation .

Text Solution

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The company can use 'on the job' and `'off-the-job'` training methods, according to the nature of work. Where the work is simple, on the job training methods can be used and where the work is complex and there is a use of sophisticated machinary and technology, off the job training methods can be used.
The merits or benefits of 'on-the-job' are :
(i) It is a practical method.
(ii) The traince can contribute towards the real/actual work, as in case of apprenticehip training.
(ii) Separate arrangements need not be done. e.g. in coaching method.
It the 'off-the-job' methods are used, then the benefits derived are :
(i) Vestibule training helpsin avoiding modern and expensive equipments from being damged.
(ii) Conference helps to develop conceptual knowledge, reduce resistance to change etc.
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