Submission BCS
Hiring, training and Retention plan for 2021-22
Submission Date & Time: 2021-10-19 02:46:24
Event Name: NMO S4 Sprint One
Solution Submitted By: Harleen Kaur
Assignment Taken
Hiring, training and Retention plan for 2021-22Case Understanding
Given the scope of EV in India and the government's assistance to encourage the usage of EV in the country, a group of four engineers and four management graduates decide to launch an EV start-up based in Bangalore. The team has put together a fund of 46 lakhs through personal investment and is in the process of obtaining a loan of 60 lakhs to help run the firm. Given the lack of cash, there cannot be many resources who can be recruited to the company in the initial phase, especially since each of the eight employees expects a return of 50,000 per month from the business in order to satisfy their needs, which is a difficult aspect in and of itself. Due to a paucity of resources and a desire to prevent wasting current potential, each of the eight individuals is assigned to a different section of the business process, ensuring that no new loss is created. They're looking for the correct techniques to implement in order for the company to grow. Given the situation, we'll consider how new employees can be hired for the company and given the necessary training so that they can become dependable employees without negatively compromising the company's predicted cost-revenue expectations.BCS Solution Summary
Students from various top engineering colleges in the country can be offered LIVE project opportunities where they get to work on the actual manufacturing process which will give them a taste of the industry process and spark an interest towards the industry. Further, students from these colleges can be offered summer internship programs where they work closely with the lead engineers to develop several components required for the EV. Based on their performance in the internship process, few selected students can be offered a final pre-placement offer to work with the company once they graduate from their college. These students can be offered specific training programs which will help them grow in the industry and make them capable of handling the requirements. The cost incurred for these training courses will be reimbursed by the company.Solution
As India advances closer to a sustainable future, electric vehicles are at the forefront of most talks about reducing pollution and reducing reliance on gasoline as a natural resource.
The electric vehicle industry is a multi-disciplinary field that requires engineers from various disciplines. Chemical engineers, electronics engineers, embedded software engineers, and electrical engineers with cross-sectional skills will be in great demand.
Students can be encouraged to attain the required industry fit by receiving hands-on training by working on real-world projects linked to the EV manufacturing business, such as designing energy-efficient DC-DC converters. These LIVE project opportunities can be offered for shorter periods of time, which students can fit into their curriculum by committing some time each week.
Students from reputable institutions may be offered the position of a Summer intern, in which they would work closely with lead engineers on real-world projects. This provides students with a wonderful opportunity to work on high-impact projects while also saving the organization money on recruitment fees. Few students who perform well during their internship may be offered a final placement offer from the industry, saving the corporation money on recruitment drives at multiple institutions.
Students who are awarded a final placement with the organization will be urged to take particular courses that will assist them to enhance their industry knowledge. The cost of some of these courses will be repaid to students once they have completed the certification program. 'Introduction to Electric Vehicles' and 'Introduction to Battery Management Systems' are recommended courses, as well as software like ANSYS, Creo, and GOM Inspect.
Conclusion
Employee hiring & retention is fast becoming a key competitive differentiator. A company’s ability to hold on to its talent — especially in tight hiring markets — has profound ramifications for its ability to operate at a high level, without the disruptions that employee turnover bring.Attached File Details
Comments
Article Type: Business Case Scenario, Case Study Solution Submission
Business Case Detail
Title:
Type:
Stream:
Participant
I am Harleen Kaur. I have completed my graduation in B.Com(H) course in 2019. I have a formal work experience of 24 months at KPMG Global Services as an Audit Associate
Zeal
Total Team Points: 54000
Trailblazers
Total Team Points: 0
Skribblers
Total Team Points: 52500
Power Rangers
Total Team Points: 39000
Panchatantra
Total Team Points: 53500
Indians
Total Team Points: 49500
Hektor
Total Team Points: 53500
Dynamic Energy
Total Team Points: 36500
Data Drivers
Total Team Points: 0
Dangerous Mustangs
Total Team Points: 31500