Critical Study of recruitment process followed by Paranjape Schemes (Construction) company Ltd

1. INTRODUCTION
Recruitment is the process of attracting individuals on a timely basis in sufficient
numbers and with appropriate qualification, to apply for jobs within an organization. The
process of searching prospective employees with multidimensional skills and experience
that suits organization strategies in fundamental to the growth of the organization, this
demands more comprehensive strategic perspective recruitment. Organizations require the
services of large number of personnel, these personnel occupies the various positions
created to the process of organization..
Shashank Paranjape, a dynamic entrepreneur started the real estate business along
with his elder brother Shrikant Paranjape in the year 1987. The duos today are known for
ethics and transparency in business and have earned trust and faith of its customer base of
11,000 families. Shashank is the Managing Director of the company - Paranjape Schemes
(Construction) Ltd. He always had a flair for marketing and design. This is how he heads the
marketing and designing departments and looks after the execution of projects.
Paranjape Schemes (Construction) Ltd has made a large portfolio in a span of 30 years and
credits a gamut of projects in residential, commercial, township, hospitality, institutes,
senior-living and SEZ segments. The completed projects by the company are to the tune of
15.6 million sq.ft., under construction and upcoming projects area is around 20 million sq.ft.
And a land bank of 24.6 million sq.ft. Excellent relations with all the stakeholders,
associates and customers, is Shashank’s strength. He believes in creating not just home but a
whole bunch of vibrant communities. This gave birth to the concept floated by the company
called “The Happiness Network” where the company creates a platform for all its society to
come together and participate in sports and cultural activities.
It is through this network that a monthly newsletter is circulated which also give yet another
avenue to the customers of the company to portray their talents, market their business and
get information on varied topics. Shashank has been on board of Paranjape Schemes
(Construction) Ltd for a while. He is also a board member of Educational Institutions like
Parle Tilak Vidyalaya’s Association in Mumbai, Blue Ridge Society in hinjewadi Pune.
Shashank is passionate about his work in real estate as well as his contribution in social
activities. He has been a forerunner in promoting various drives like tree plantation,
implementing environment friendly systems vermi composting, rainwater harvesting,
sewage treatment plants and solar systems. Thus, being a man of social conscience, he is the

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Director of Athashri Foundation, a non-profit organization that works for the senior citizens
and Director of SEDT (Socio Economic Development Trust) which works for the destitute
and orphan children in rural Maharashtra. In spite of his busy schedule Shashank is ever
willing to pursue his hobbies like painting, farming and playing tennis. He loves to travel
places, garner the best and implement it in the projects constructed by the company. It is
Shashank who brain child Athashri – a senior citizen’s project and brand which has been a
pioneering concept executed by the company.

2. SIGNIFICANCE OF THE STUDY

Recruiting staff is a very costly exercise. It is also an essential part of any business
and it pays to do it properly. When organisations choose the right people for the job train
them well and treat them appropriately, these people not only produce good results but also
tend to stay with the organisation longer. In such circumstances, the organisation's initial
and ongoing investment in them is well rewarded. An organisation may have all of the latest
technology and the best physical resources, but if it does not have the right people, it will
struggle to achieve the results it requires. Significance of this study will help construction
firms in pune especially adopt measures in the context of human resource in relation to
recruitment and selection and the performance. Construction industries in the pune region
will have the opportunity to identity the benefits of these practices and challenges facing
their recruitment and election practices in their organization and find lasting solutions to
them. For other researchers it will also serve as reference and be beneficial to the academic
community and the ministry of works and housing who deal directly with the construction
firms with respect to recruitment and selection of employees.

3. OBJECTIVES OF THE STUDY

To know overall about the Company of Paranjape Schemes (Construction) Ltd.. The
objective of my study is to understand and critically analyze the recruitment and selection
procedures at Paranjape Schemes (Construction) Ltd..
i. To understand the process of recruitment
ii. To critically analyze the functioning of recruitment procedures

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4. HYPOTHESIS
A thorough understanding of the research problem can be analyzed by applying hypothesis
and test it via collection of data and its interpretation.
1. Misleading recruitment and selection procedures leave negative impact on the
employees and applicants.
2. Use of power, status, position, level and hierarchy end up recruiting and selecting
incompetent personnel.

5. RESEARCH METHODOLOGY OF THE STUDY

Primary Data: - The primary data are those data, which are collected afresh and for the
first time and thus happen to be original in character.
There are some important methods:
• Observation method
• Interview method
• Through questionnaires
• Through Schedules
Secondary Data: - It means data that are already available i.e., they refer to the data, which
have already been collected and analyzed by someone else.
There are some important methods:
• Books, magazines and newspaper
• Reports prepared by Internet

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6. EXPECTED RESEARCH CONTRIBUTION

This work will throw light on the manner in which the recruitment/selection
strategies are implemented alongside in Paranjape Schemes (Construction) Ltd. The
unsatisfactory treatment of people living in the communities where construction company
operate are some of the imminent issues that relate to the increasing questions and
increasing evidence of a gap between the stated intensions of business leaders and their
actual impact in the real world, CSR activities of Paranjape Schemes (Construction) Ltd.
operating in such communities should be aligned to address, employment issues,
environmental issues and local community issues, (ibid). This implies, the companies’
presence should be able to develop a win-win relationship between their businesses and the
local people.

7. CHAPTERISATION
Chapter no 1. Introduction
Chapter no 2. Literature Review
Chapter no 3. Methodology
Chapter no 4. Data Presentation, Analysis, Interpretation And Discussion
Chapter no 5. Summary of Findings, Conclusions And Recommendations

BIBLIOGRAPHY
Books:
1. K Ashwathapa, (1997) Human Resource and personnel Management.
2. David A. DeCenzo, Fundamental of Human Resource Management .
Newspapers:
1. Times of India.
2. The Hindustan times.
Reports:
1. Annual report of Paranjape Schemes (Construction) Ltd 2015-2016
2. Annual report of Paranjape Schemes (Construction) Ltd 2016-2017.
Websites:
1. https://www.pscl.in/
2. www.en.wikipedia.org
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 Critical Study of recruitment process followed by Paranjape Schemes (Construction) company Ltd

LALIT VILAS JAWALE PRINCIPAL DR. P.R.CHAUDHARI

(STUDENT) (GUIDE)

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