Need for Assessment Centres in Sme's

ABSTARCT Small and Medium Enterprises (SMEs) play a vital utilization for the growth of Indian economy by contributing 45% of industrial output, 40% of exports, employing 60 cardinal people, create 1.3 million jobs every year and produce more(prenominal) than 8000 quality products for the Indian and international markets. SMEs Contribution towards GDP in 2009 was 17% which is judge to increase to 22% by 2012. There ar 26.1 million MSME Units in India and 12 million persons argon expected to join the workforce in the next 3 years. SMEs are the fountain head of several innovations in manufacturing and service sectors, the major link in the supply chain to corporate and the PSUs. By promoting SMEs, the rural areas of India will be developed. SMEs are now heart-to-heart to greater opportunities than ever for expansion and diversification across the sectors.

Indian market is growing rapidly and Indian entrepreneurs are reservation remarkable progress in different Industries like Manufacturing, clearcutness Engineering Design, Food Processing, Pharmaceutical, Textile & Garments, Retail, IT and ITES, Agro and Service sector Challenges confront by SMEs Despite its commendable contribution to the Nations economy, SME domain does not get the required support from the concerned political relation Departments, Banks, Financial Institutions and Corporate, which is a handicap in becoming more competitive in the National and International Markets. SMEs faces a tote up of problems - absence of adequate and timely banking finance, limited capital and knowledge, non-availability of equal technology, low production capacity, ineffective marketing strategy, identification of young markets, constraints on modernization & expansions, non availability of highly experient labour at affordable cost, follow up with various government agencies to resolve problems etc. HR challenges faced by SMEs HR has the challenge of attracting talent on role ratio and then retaining that talent by providing a... If you want to get a full essay, order it on our website: Orderessay

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