A Study of Recruitment & Selection Process in Bank

A STUDY OF RECRUITMENT & pickaxe PROCESS IN BANK A project proposal (synopsis) report submitted in partial fulfillment of the requirements of the award of the item of MASTER OF BUSINESS ADMINISTRATION (MBA) From guide Dr. Nitin G. Vighne By PRN. No. - 200801737737 cogitation move No. -44175 *SESSION 2009*-10 To YASHWANTRAO CHAVAN OPEN UNIVERSITY, NASHIK (M. S. ) blueprintation A STUDY OF RECRUITMENT & excerption PROCESS IN BANK With disclose a sound and effective tilling formation in India, it cannot fix a healthy providence.The banking placement of India should not sole(prenominal) be chivy free but it should be competent to meet new gainsays posed by the technology and any other outdoor(a) and internal factors. For the past three decades Indias banking system has several outstanding achievements to its credit. The virtu all in ally striking is its extensive reach. It is no lifelong confined to only metropolitans or cosmopolitans in India. In fact, Indian banking system has until now reached to the remote corners of the country. This is one of the main reasons of Indias progress. During the first phase of financial reforms, there was a nationalization of 14 convey banks in 1969.This crucial step direct to a shift from Class banking to can banking. Since then the growth of the banking industry in India has been a continuous help. The Governments regular indemnity for Indian bank since 1969 has paid rich dividends with the nationalization of some(prenominal) private banks of India. As far as the present scenario is c formerlyrned the banking industry is in a transition phase. The Public empyrean relys (PSBs), which atomic number 18 the foundation of the Indian Banking system account for more than 78 per centime of total banking industry assets.Unfortunately they argon burdened with excessive Non Performing assets (NPAs), grand manpower and lack of modern technology. On the other hand the Private domain Banks in India are witness ing immense progress. They are leaders in meshwork banking, rambling banking, phone banking, ATMs. While at the equivalent time, the Public Sector Banks are remedy facing the problem of unhappy employees. there has been a decrease of 20 pct in the employee strength of the private sphere in the wake of the Voluntary seclusion Schemes (VRS). As far as outside banks are concerned they are probable to succeed in India.Some Banks in India ING Vysya Bank, HDFC Bank, Industrial Development Bank of India, SBI Bank, ICICI Bank etc. In todays rapidly changing business environment, geological formations soak up to respond quickly to requirements of the people. The Financial market place has been witnessing growth which is manifold for last some years. Many private players have entered the economy thereby increasing the level of competition. In the competitive scenario it has be bang a challenge for each company to adopt practices that would attention the validation to stand out in the market.The competitiveness of a company of an organization is measured through the quality of products and function offered to customers that are unique from others. Thus the crush services offered to the consumers are forget of the booster brains working behind them. Human imaging in this regard has become an cardinal function in any organization. altogether the practices of marketing and finances can be easily emulated but the capability, the skills and talent of a person cannot be emulated. Hence, it is important to have a well-defined enlisting policy in place, which can be execute effectively to get the best fits for the sluggish positions.Selecting the wrong candidate or rejecting the adjust candidate could turn out to be costly mistakes for the organization. Therefore a enlisting practice in an organization essential be effective and efficient in attracting the best manpower. Like in the baptismal font of BPOs, banking sector too faces the problem of attriti on. Thus, recruitment is an ongoing serve carried through out the year. The project is based on the area of recruitment sue. The various recommendations suggested have been the result of the study. The idea is to generate ways of transaction with high attrition and making hiring process manageable and efficient.To accredit the recruitment and option process in Banks. To know the answer & importance of Recruitment & survival process for the banks. To know the challenges faced by HR Department in these Processes. To know the sources utilise by the banks for the recruitment and cream process. To know factors effecting the on the Recruitment & Selection process & working of the banks. To evaluate the recruitment and selection process in banks. 4. HYPOTHESIS 5. seek METHODOLOGY A Research design is simply the framework of plan for a study that guides for the collection and analysis of information.The study is intended to know the Recruitment and Selection Process in the two ba nks and canvass the processes held. The study design is descriptive in nature. Descriptive study is a inquiring investigation with adequate interpretation. The descriptive studies come to a lower place formal look for. It is the simplest type of research and is more specific. It is mainly designed to receive descriptive information and it also provides staple fibre information for formulating more sophisticated studies. nature of the Study This research is Quantitative and softin nature. RESERCH METHODS- SAMPLING DESIGN sampling Method Used DATA parade- Sources of selective information collection Primary data Sources Personal Interview Structured Questionnaire Ope_n-ended Questions_ It is a type of questions that requires participants to respond in his/her birth words without being restricted to pre-defined reply choices. Close-ended Questions It is a type of questions which restrict the interviewees answers toper-defined response options. Secondary data Sources Stud y of recruitment and selection at ICICI & HDFC Banks by the manual provided by the HR department. Internet Books Newspapers Magazines Journals 6. *Expected Contribution Attract and supercharge more and more candidates to apply in the organization. Create a talent kitty of candidates to enable the selection of best candidates for the organization. find oneself present and future requirements of the organization in conjunction with its personnel planning and channel analysis activities. Recruitment is the process which cogitate the employers with the employees. Increase the pool of job candidates at minimum cost. divine service increase the succeeder rate of selection process by decreasing number of visibly under qualified or overqualified job applicants.Help reduce the probability that job applicants once recruited and selected entrust leave the organization only after a short block of time. Meet the organizations legal and social obligations regarding the news report of its workforce. Begin identifying and preparing potential job applicants who will be appropriate candidates. 10. Increase organization and individual effectiveness of various recruiting techniques and sources for all types of job applicants 6. CHAPTERISATION Introduction Research methodology & limitation Company profile harvest-feast profile Problem analysis Data analysis conclusion & recommendation Bibliography