Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

The mentioned staff should be efficiently managed to ensure optimum utilisation. The efficient utilisation of human resources is only possible if the entrepreneur is able to decide:

1. The total work to be done.
2. The right type of people who can do the work.
3. Employing right man at right job.

Selection of Personnel:
Selecting the right number and right kind of people requires a comprehensive strategy on the part of entrepreneur comprising of:

1. Efficient tapping and scientific selection.
2. Appropriate and cost effective training.
3. Proper induction, orientation and familiarization with the organisation and its climate.
4. Periodic performance appraisal.
5. Feedback and scope for development.
6. Proper motivation and remuneration schemes.
7. Ensuring scope for the participation in management.
8. Ensuring adherence to certain statutory requirements governing the compensation and welfare of measures of employees, such as Factories Act, Provident Fund and Miscellaneous Provision Act, etc.