Project Report on Recruitment & Selection Process

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EXECUTIVE SUMMARY Success of every business enterprise depends on its human resource. Finding the right man for the job and developing him into a valuable resource is an indispensable requirement of every organization. Proper recruitment helps the line managers to work most effectively in accomplishing the primary objective of the enterprise. In order to harness the human energies in the service or organizational goals, every HR manager is expected to pay proper attention to recruitment and sele
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  EXECUTIVE SUMMARY Success of every business enterprise depends on its human resource.Finding the right man for the job and developing him into a valuable resourceis an indispensable requirement of every organization. Proper recruitmenthelps the line managers to work most effectively in accomplishing the primaryobjective of the enterprise. In order to harness the human energies in theservice or organizational goals, every HR manager is expected to pay proper attention to recruitment and selection activities in an organization. Thus,personnel functions, recruitment and selection, when carried out properly,would enable the organization to hire and retain the services of the bestbrains in the market. The world's best companies have established their strength with their people. The employees identify themselves with thecompany they are working for. This also helps in building up their spirit,morale and espirit-de-cops which becomes strength of the company.There are certain ways that are to be followed by every organization, whichensures that it has right number and kind of people, at the right place andright time, so that organization can achieve its planned objective. The projectcovers introduction of Recruitment and Selection, Purpose and Importance of Recruitment, Sources of Recruitment, Steps in the Recruitment & SelectionProcess, and Suggestions to make the Recruitment Process more effective. Italso includes the challenges faced by HR in recruitment process and therecent trends in recruitment process. 1  CONSTRUCTION EQUIPMENT INDUSTRY IN INDIA Construction and mining equipment cover a variety of machinery suchas hydraulic excavators, wheel loaders, backhoe loaders, bull dozers, dumptrucks, tippers, graders, pavers, asphalt drum / wet mix plants, breakers,vibratory compactors, cranes, fork lifts, dozers, off-highway dumpers (20T to170T), drills, scrapers, motor graders, rope shovels etc. They perform avariety of functions like preparation of ground, excavation, haulage of material, dumping/laying in specified manner, material handling, roadconstruction etc. These equipments are required for both construction andmining activity.Construction equipment industry is fast growing in India. As per areport on construction equipment industry in India, jointly prepared by IndiaBrand Equity Foundation (IBEF) and KPMG Advisory Services, the size of theIndian construction industry is more than Rs 8,000 crores as on 2007 and it isgrowing at the rate of 30 per cent.The Indian mining and construction equipment industry has evolvedprimarily on the basis of domestic demand generated over the various planperiods, essentially on the basis of investments which have gone into mining,infrastructure development and the building and construction sector. Today itis still focused largely on the domestic market and exports are marginal at alevel of around Rs.300 crores for an industry approaching a market size of Rs.7, 000 crores.There is a huge growth potential in construction equipmentindustry and that is the reason why many leading players have entered thespace. Some of the known construction equipment companies include names 2  such as BEML, Ashok Leyland, Caterpillar, Hindustan Motors, Ingersoll Rand,L&T, Komatsu, Telco Construction Company, Volvo India. Construction Equipment Industry in India: Overview Indian Earthmoving and ConstructionEquipment Industry (ECE), is at a watershed in its evolution and set toexperience strong growth, spurred by the nation’s rapid economicdevelopment. According to the study, ECE Vision 2015: Scaling new heights 3   Size about US$ 2.4-2.64Billion for theyear 2007Span a rangeof equipmentfor allconstruction/infrastructureneedsExportsgrowing at30%-expectedto be US $100-200million by2010Growth of over 30% Highlyfragmented top6 of about 200domesticmanufacturerscontributes 60%output India’sConstructionEquipmentIndustry  in the Indian Earth Moving and Construction Equipment Industry, conductedby leading management consulting firm, McKinsey & Company, for CII,IECIAL, released today at the CII Excon 2007 in Bangalore, the Indian ECEindustry has the potential to grow fivefold from its current size of US$2.3billion to approximately US$12–13 billion by 2015, growing at 24% CAGR.The following indicates the market position for certain broad categoriesof equipment: HydraulicExcavatorsDozers &DumpersWheelLoadersBackhoeLoadersRoadCompactorsCranesForkLifts Telcon(Hitachi)BEMLCaterpillar India Ltd.JCB IndiaIngersollRandTIL(Grove)ECELL&TKomatsuCaterpillar IndiaLtdBEMLCaterpillar India LtdECELTelconVoltasBEMLUdyog(Tata)TelconTelcon(JohnDeere)L&T CaseECELIngersollRandJCB IndiaVoltas(Unit Rig)JCB IndiaL&TCaseGreaves Ltd(Bomag)Voltas(P&H)TILCaterpillar India LtdVolvoBEMLGujaratApolloEquipmentMcNeillEngg.VolvoVolvoWirtgenIndia Pvt.Ltd 4
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