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Human resource planning as been defining as, The process by which management
determines how an organization should move from its current manpower position to
its desirable manpower position. Though it management strive to have the right
number and the right kind of people at the right place, at the right time, doings things
which result in both the organization and the individual receiving, maximum long
range profit.
In bajaj finserv, human resource planning process is done by following steps:
Development, retraining, and redevelopment, Bajaj use various plans like retention
plan, down sizing plan and succession plan.
Bajaj does not use control and evaluation for human resource planning.
Organizations objectives
And polices
Human resource demand
Forecast
Human resource
Programming
Human resource plan
Implementations
(Diagram of human resource planning process)
RECRUITMENT
In simple term, recruitment is understood as the process of searching for and
obtaining application for jobs, from among whom the right people can be selected.
According to Edurin B. Flippo, Recruitment is a process of searching for prospective
employees and stimulating and encouraging them to apply for jobs in an
organization.
The recruitment process of Bajaj finserv starts with personal planning of General
Manager. When there is an any sit become vacant or a new employee is or are
require, General Manager first plan how many employees are require and of what
qualification. General Manager decides which type of people is requiring means,
which type of skills an employee, have need for recruitment.
The second step is searching for employees. General Manager decides from
where, the employees are recruit and by which source. The middle level of
employees and workers are mostly recruiting from city or areas, which are near to
city or in middle of city. In source for recruiting, General Manager uses both internal
and external source of recruitment. Manager use internal source such as:
Relatives of present employee
Promotion and transfer
Former employees
Internal source are use when more employees are required.
Bajaj use external sources such as:
Advertisement in newspaper
College campus recruitment
Employment exchange
SOURCES OF RECRUITMENT
Bajaj use both internal and external sources, which are as follow in detail.
Internal source
Bajaj uses internal source when they need more employees in short period of time.
Advertisement
This is the common source of recruitment. All types of organizations are using it for
recruitment. Bajaj use most of time this source for recruitment. It gives advertisement
in local and stat level newspaper. Bajaj take care that advertisement must be
effectively drafted before publishing.
Employment exchange
Employment exchanges have been setup all over the country in difference to in
provisions of the Employment Exchanges Act, 1959. The act requires the entire
industrial establishment to notify the vacancies before they are filled. Bajaj also notify
its vacancies and take employees from employment exchange.
SELECTION
Selection is the process by which candidates for employment are divided into classthose who will be offered employment and those who will not. Thus, the selection
Process is a tool in the hand of the management to differentiate the qualified and
unqualified applicants by applying various techniques such as interviews, tests.
PROCESS OF SELECTION
Selection process starts when recruitment process ends. The steps of selection
2. The next step taken by company is preliminary interview. In this, only general
questions are asked and some information about company and of job is given
to applicants.
3. The third step is selection test. Bajaj takes written selection test in which they
ask questions on how to satisfy the customer . This test is taken only for
middle level.
4. For worker and top level test is not taken. They call for interview. Interview is
taken by managers and the applicants who are passed from this are selected
for job.
5. Job is offered to selected applicants by giving appointment later and
information , job and his co-workers.
JOB DESCRIPTION
Job description is a written statement of what the jobholder does, how it is done,
under what condition it is done, and why it is done. It describes what the job is all
about, throwing light on job content, environment and condition of employment. It is
descriptive in nature and defines the purpose and scope of job.
The job description of Bajaj finserv is involving the following information. Job
descriptions of Bajaj for top and middle level include same information as follows.
Job summary
Job duties and responsibilities
Working conditions
Relationship and behavior.
JOB SPECIFICATION
Job specification summaries the human characteristics needed for satisfactory job
completion. It tries to describe the key qualification someone needs to perform the
job successfully. It spells out important attributes of a person in terms of education,
experience, skills, knowledge and abilities to perform a particular job.
Bajajs job specification for top level or managers is including the following things:
Post graduation degree
2-3 years experience(any kind of job)
Age
Intelligence and power of decision-making
Various skills
Behavior and personal attributes.
Bajajs job specification for middle level includes all above matters with some change
in education and skills.
PERFORMANCE APPRAISAL
PROMOTION
Promotion refers to upward movement of an employee form current job to another
which commands better prestige, higher responsibility and authority, higher
challenges, better working condition, hours of work and higher rank.
DEMOTION
Demotion implies the assignment of an employee to a job of lower rank with lower
pay. It refers to downward movement of an employee in the organizational hierarchy
with lower status and lower salary.
Demotion policy of Bajaj
Bajaj mostly dose not give demotion to any employee but it give demotion only
three times in its life.
Bajaj give demotion only when employee is not regular, do not work sincerely or
employees behavior in organization not good.
In above cases, sometime Bajaj fire the employee.
The policy is fair and equal for all level of work.
The circumstances under which employees can be demoted is clearly specified
and made known to employees.
WELFARE ACTIVITIES
Labour welfare means anything done for the comfort and improvement. Intellectual
or social of the employees over and above the wage paid which is not a necessity of
the industry.
Employee welfare or labour welfare means, The efforts to make life worth living for
workmen.
Provide employment
Provide ayurvedic medicines at fair price
Effective waste disposal system
Effective use of resources of society
Bajaj company maintained its record in the form of file. There are following details, which
are involved in the record keeping of each employee.
Employment history
Employee no
Name
Address
Rate of salary
Total balance saving
Attendance record and pay roll
Leaves, transfers and promotion
Shift cord
Over time cord
Training Records
INDUCTION TRAINING
Induction is the process of receiving and welcoming an employee when he first joins
a company and giving him the basic information which he needs to settle down
quickly and happily and start work. In the Bajaj finserv, induction training is given to
all new joiners in Bajaj.
Bajaj provide induction training with objective of reduce insecurity, anxiety,
exploitation etc. from the mind of new joiner and he/she can work easily and with
skills.
Bajaj have formal induction program. All details are providing by company to new
employee. Bajajs content of induction program includes the following matters:
History of Bajaj
Objectives of company
Name and designation of managers
Employees designation and responsibility
Layout of company
Production and other processes of company
Job duties, location, tasks, objectives etc
Safety steps
Employee benefits such as pays, holidays, welfare activities
Introduction to superiors, coworkers and other staff
Bajaj company uses certain incentive to motive its employees. Motivation means to
force a person and involve him to complete the works in right time and place with
help by providing a basic need or special need to worker. Especially Maslows need
hierarchy used to motive
employees much as basic need, special need safety need, recognize, identify, selfrealization.
Extra salaries one such type of incentive, which is given to those employees who
show sincerity and regularity throughout in their work. Salary is the main factor to
motivate employees. Safety need is also used to complete the work.
Bajaj gives incentive base on looking different factors of employees such as,
personality, nature, communication style, behavior, attitude etc.