Beruflich Dokumente
Kultur Dokumente
Indian View
Recruitment Practices In India
The Indian firms practice not a single source of recruitment, but a host of
sources of recruitment. These have been classifies as within the organisation,
badli or temporary workers, employment agencies, casual callers, applicants
introduced by the existing employees in the organisation, advertisements and
labour contractors.
According to a research study, the following practices were employed in the
public and private sector organisations to recruit their employees:
1) Young persons from families who surrendered their lands for establishing the
organization must be given first priority for employment with proper training,
wherever required
Selection
1) Selection follows recruitment.
2) Selection involves choosing the best
out of those recruited.
False negative error from 20 to 50 per cent of the first year's salary of an
employee selected. Assuming a manager is assured of a compensation of Rs 2
works out to be Rs 40,000 to Rs 1,00,000
Costs of wrong selection are much greater. Two of these true positive' (high
hit") and true negative' low hit are right selection decisions. The other two
outcomes represent selection errors. In the false positive error", a decision is
made True positive results
an applicant based on predicted success, but failure results. In false negative
when a an applicant who would have succeeded is rejected based on predictions
of hired expecting success failure. In either case, selectors will have erred.
Success
Failure
Prediction
An organisation with a false positive error incurs three types of costs. The first
type is incurred while the person is employed. This can be the result of
production or profit losses, damaged company reputation, accidents due to
negligence, absenteeism, and the like. The second type of costs is associated
with the training, transfer or terminating the services of the employee. Costs of
replacing an employee with a fresh costs of hiring, training and replacementconstitute the third type of costs. Generally, the more important the job, the
greater the cost of the selection error.
In the case of false negative error, an applicant who would have succeeded is
rejected because of predicted failure. Most false negative errors go unnoticed
is extremely tight, several candidates will be applying for a position, and the
organisation will use a series of screening devices to hire the candidate it feels is
most suitable. When there is a shortage of qualified workers, or when the
candidate is a highly
qualified executive or professional who is being sought after by several
organisations, the organisation will have to sweeten its offer and come to a
quicker decision
SELECTION PROCESS
Selection is a long process, commencing from the preliminary interview of ahe
applicants and ending with the contract of employment. In practice, the process
differs among organisations and between two different jobs within the same
organisation. Selection procedure for senior managers will be long-drawn and
rigorous, but it is simple and short while hiring shop-floor workers
SELECTION IN INDIA
Conditions of labour market largely determine the selection process. As is wellknown, we have a strange paradox in our country. There is large-scale
unemployment juxtaposed with shortage of skilled labour, 'No vacancy' boards
are seen along with "wanted hung on factory gates everywhere. Unemployment
prevails among people who are individuals who have acquired university
degrees but do not possess any specific skills. Matriculates, B.A's, B.Com's and
B.Sc's fall into this category. All the evils associated with selection-corruption,
favouritism and influence-are found in hiring these people. Selection is,
obviously, not systematic and at times bizarre too, as is evident from the
following story :
For decades, at least three or four times every year, the municipal grounds of
Kothagudem, the bustling mining town in the heart of Andhra Pradesh, has been
a witness to a strange event. At the crack of the dawn, a group of men in their
late twenties and thirties would line up for a 100 metre dash. The first few to
touch the finishing line would be appointed as casual coal fillers in the
underground coal mines of Singareni Coal Co. Ltd, for a specific period of time.
Selection practices in hiring skilled and managerial personnel are fairly welldefined and systematically practised. Particularly in hiring managerial personnel
and executives, a lot of professionalism has come in, thanks to the realisation
that these individuals are difficult to come by and no effort is too excess to
attract them. Specialist agencies are available whose services are retained for
hiring technical and managerial personnel. Merit and not favouritism,
objectivity and not subjectivity will be the criteria for such selections. Selection
of managers is assuming unorthodox dimensions nowadays particularly in talent
driven business as financial services, consulting and software services. One
trend is to hire as many such executives as possible from a competing firm or to
catch one who would bring a few more along with him or her. In the last one
year, for example, four Infosians joined Phanesh iGate. Ram joined hasis
because of his familiarity with Jerry Rao. Ravi Ram also brought in another half
a dozen executives into Mphasis
Another trend observed is to attract and hire 'stars'. Stars beget is the may not be
attractive and there is a risk that the business might fail. But the stars join
because they like to work with a charismatic leader. Arun Maisa became the
head of BCG in India because of his admiration for George Stalk. Ajay Mahajan
quit Bank of America and joined a start-up YES Bank because of Rana who is
heading the bank. In such cases people are drawn by the reputation and
credibility of the charismatic leaders
HRM Intro
MEANING AND DEFINITION
Simply put Human Resource Management (HRM) is a management function
that Human resource helps managers recruit, select, train and develop members
for an organisation obviously, HRM is concerned with the people's dimension in
organisations.
We quote three definitions on HRM. But before quoting the definitions,
useful to point out the essentials which must find their place in any definition,
The and core points are maintaining people in
1. organisations are not mere bricks, mortar, machineries or inventories. They
are people. It is the people who staff and manage organisations.
2. HRM involves the application of management functions and principles. The
functions and principles are applied to acquisitioning, developing, maintaining,
and remunerating employees in organisations.
3. Decisions relating to employees must be integrated. Decisions on different
aspects of employees must be consistent with other human resource (HR)
decisions.
4. Decisions made must influence the effectiveness of an organisation.
Effectiveness of an organisation must result in betterment of services to
customers in the form of high-quality products supplied at reasonable costs
5. HRM functions are not confined to business establishments only. They are
applicable to non-business applications too, such as education, healthcare,
recreation
The following three definitions collectively cover all the five core points:
Thus, HRM refers to a set of programmes, functions and activities designed and
carried out in order to maximise both employee as well as organisational
effectiveness
SCOPE OF HRM
The scope of HRM is indeed vast. All major activities in the working life of a
worker-from the time of his or her entry into an organisation until he or she
leaves-come under the purview of HRM. Specifically, the activities included are
HR planning, job analysis and design, recruitment and and job selection,
orientation and placement, training and development, performance appraisal
WHY STUDY HRM?
It is the people who possess skills, abilities and aptitudes that offer competitive
advantage to a firm. It is only human resource that is capable of deciding,
implementing and controlling activities. No computer can substitute human
brain, no machines can run without human interventions and no organisation
has mandate to exist if it cannot serve people's needs. HRM is a study about
people in organisations- how they are hired, trained, compensated, motivated
and maintained.
A factory is built not by god, but by human beings. It is people who build
factories, structures organisations and manage them successfully. How an idea
is conceived by an entrepreneur, how building is constructed and machinery
installed, how needed inputs are marshalled and put to use, and how goods and
services are produced, is a saga which is no less thrilling and exciting than a
general leading army to victory in a war, an invention made by a scientist or a
remedy discovered to cure AIDS disease. offers a comprehensive picture about
the people in organisations.
The rapid growth of globalisation has increased the number and significance o
MNCs which in turn increased the mobility people. Working for challenging as
the last chapter in of this book tells. A typical management student is likely to
take up a job in an MNC after completing his/her degree. A prior knowledge
about HRM, particularly international HRM, keeps him/her prepared for the
challenges lying ahead.
External Factors
1) Supply and Demand
2) Unemployment rate
3) Labour Market
4) Political-Social
5) Sons of soil
6) Image
Internal Factors
1) Recruitment Policy
2) HRP
3) Size of the firm
4) Cost
5) Growth and expansion
candidate decides the organisation and the job offer fit his or her needs and
goals. In reality, the selection process is highly one-sided. When the job market
is extremely tight, several candidates will be applying for a position, and the
organisation will use a series of screening devices to hire the candidate it feels is
most suitable. When there is a shortage of qualified workers, or when the
candidate is a highly qualified executive or professional who is being sought
after by several organisations, the organisation will have to sweeten its offer and
come to a quicker decision.
Meaning:
Recruitment and Selection system refers to sourcing and building efficient
Human Resource to the organization to attain its objectives.
Functions:
1.
Retail assets
Credit cards
Retail assets
Retail credit
2.
Retail liabilities
Direct banking
Marketing
3.
Support function
Finance
Human resources
Operations
4.
Wholesale banking
Corporate banking
FIG
Investment banking
NRI businesses
This policy complies with, and supports, the Companys Equal Opportunities
Policy by:
Ensuring that all decision points are fully documented to assist with
subsequent monitoring.
Enabling demonstration of robust, transparent processes and thereby
providing a basis for defense in the event of challenge.
Pre-advertisement
Short-listing
Post-selection procedures
Induction
Monitoring
Revisit your workforce profile to find where your female employees are.
Monitor each stage of the recruitment process to identify any practice that
may disadvantage some candidates.
Being short-listed
Being interviewed
Write job profiles in language that encourages both men and women to
apply including women of and Differing backgrounds. For example, avoid use
of jargon and acronyms that tend to be exclusive.
Recruiting and selecting the right people is paramount to the success of the
HDFC BANK LTD. and its ability to retain a workforce of the highest quality.
This recruitment and selection policy sets out the procedure to ensure that the
best people are recruited on merit and that are the recruitment process is free
from bias and discrimination.
PRINCIPLES:
Following are the guiding principles for recruitment and on-boarding process.
Attracting and recruiting the right people is one of the most important
activities of the organization and is the responsibility to be owned by each and
every employee of the organization.
Merit will be the single most important factor in selection process.
They will ensure a diversity, both gender and ethnicity by targeted candidate
sourcing with the help of recruitment vendors and the referral program.
While skills and profile matching play an important role, they will hire people
who are team players and have the right attitude most relevant to the culture of
the organization. Attitude is as important as aptitude.
They believe in becoming a company of giants and emphasis is in hiring
people who can grow bigger and better than they presently are.
They believe in providing their employee with fulfilling career paths. Towards
this, they will post vacancies internally as a preferred option while evaluating
external candidates.
They believe that each candidate interviewed irrespective of whether she/he is
selected should become a friend of the organization. They treat all the
candidates with the utmost respect. They will be open and fair in
communication with them; this way they also enhance the brand image of the
organization.
They will continuously assess, identify and cultivate strategic talent pools
including those at the universities, management schools, and community forums
to address their long term needs.
HIRING APPROVAL
All recruitment activities shall be undertaken based on the hiring plan as
approved by the Business Head, HR Head & the CEO. For each approved
position, a hiring requisition will be required prior to initiation of any
recruitment activity. If the hiring was not included in the planned budget, it will
also require approval from the CEO based on a recommendation from the Head
HR and the CFO.
Recruitment expense will be allocated to the concerned business unit, and
expenditure should be budgeted and pre-approved by the business unit head and
the HR Head.
CANDIDATE SOURCING:
The hiring manager along with the Human Resource Department would decide
the channel / source to use based on the nature of the recruitment. The following
sources of recruitment may be considered:
Internal Sources:
- Whenever any vacancy arises, the possibility of fulfilling the requirement
internally via reassignment and relocation, re-allocation of the responsibilities
or internal promotion will be explored by the hiring function along with the HR
Department.
- Internal job postings to explore internal candidates.
Employee Referrals HDFC will encourage employees to refer suitable
candidates for open positions.
Other external sources include:
- Recruitment agencies
- External job postings
APPLICATION PROCESSING:
HDFC will process all applications promptly and inform the applicant or source
regarding the status of the application. HDFC will respond to all solicited
applications within 5 working days of receiving the application.
INTERVIEW PROCESS:
All candidates are required to undergo a face to face interview with the
interview panel before selection.
Interviews may be conducted at a place at mutually convenient locations and
time in an effort to maintain confidentiality of the hiring effort.
One on one meeting shall be preferred as the interview format, however
depending on the constraints panel interviews / telephone / video conference
screening could be used.
For recruitment at junior levels, job fairs, universities etc, where large volume
of candidates, HDFC will use recruitment tests for purpose of short listing. The
candidate may be tested on the basic aptitude, analytical skills or other skills
required for the job of the candidates.
The interview process will focus on the evaluating the candidates suitability in
terms of the job description and fit within the organization.
Each interviewer will complete the interview feedback form and submit it to
HR. HR will compile the results from a various interviews and provide these to
the line manager for the final decision.
The following are the guidelines wit respect to the interview levels. The line
manager will own the overall interview process:
Position,
Branch Manager / National Functional Managers Regional Branch Heads,
National functional Heads Regional Branch Head / National Functional Head,
Regional HR, Cluster / State Head Approval HR Head
For campus / bulk hiring process, each panel will be specifically authorized
with respect to hiring decision, pay by the HR Head & CEO prior to the
process.
RECRUITMENT EXPENSES:
All recruitment expenses including recruitment fees, advertisement expenses
and interview related expenses will be allocated to the concerned business unit.
The candidate will be informed about the nature of the expenses that are
reimbursable and the supporting documents required (in original). HR will
ensure that candidate fills the necessary reimbursement forms and that he/she
receives the reimbursement at the earliest.
Outstation/International Candidates - HDFC will pay for appropriate air fare
and expenses incurred for the stay for candidates who they decide to fly from
other locations. Prior approval from the Regional HR Leader / HR Head is
required to invite candidates. For candidates from International Locations, prior
approval from the HR Head needs to be taken.
PRE-EMPLOYEMENT CHECK:
This will include both a professional reference check as well as the background
check.
Professional reference check will be completed by the hiring manager. HDFC
will request contact information for 2 references from the candidate, and check
the quality of previous work experience and key personal
characteristics/conduct/ previous record etc.
For key positions in areas, HDFC will also perform a background check to
assess the integrity conduct of the candidate.
The following information regarding the candidate will be verified:
Address details
Passport details
Date of birth
Any negative feedback and comment in the reference check will be investigated
by HR and if found genuine shall be a cause for disqualification of the candidate
or dismissal from employment.
OFFER PROCESS:
Once the hiring decision is finalized, HR will prepare an offer / fitment as per
the compensation structure and grade and keeping in mind the internal equity.
The offer would be communicated to the selected candidates by the hiring
manager along with HR. The candidate will sign the contract letter to formally
accept employment from the organization.
PRE-EMPLOYMENT PROCESS:
EMPLOYEMENT OF RELATIVES:
The organization employs, purely on merit, the relatives of our employees as
long as it does not create a potential conflict of interest. To avoid a potential
conflict of interest and to reduce the possibilities of favouritism the following
guidelines must be followed:
Relatives are not assigned to a position where he/she has the opportunity
to check, process, and review, approve, audit or otherwise affect the work of the
persons cited and above.
DEFINITION OF RELATIVES:
Relatives would include husband, wife, children, parents, sisters, brothers, first
cousins, brothers-in-law, sisters-in-law, mother in-law, and father-in-law.
Employees who are aware of candidature of their relatives for the organization
must immediately report to the HR function in writing for information and
records. Failure to immediately report such cases will be considered as a serious
violation of the recruitment policy and may entail a disciplinary action.
INTERNSHIP PROGRAM:
As part of university hire program, HDFC will provide internship opportunities
to students. Such internships will provide opportunities to students to learn
while making real contributions to the company. HDFC will follow the
following process:
HR will coordinate with business groups to identify potential opportunities for
intern hires.
Internship requests could be received either from the students directly or as
nominations from the educational institute.
HR and hiring manager to tele-interview the candidates with subsequent
personal interviews in the office
HR to coordinate with the hiring manager to develop the project plan for the
hire
Based on the demonstrated capability, the intern will be provided with the
opportunity to work in multiple departments to gain a wider business
understanding
INTERNSHIP CRITERIA:
On the job training: Besides formal training sessions, the employee will
undergo on-the-job function specific trainings that are facilitated by the
respective functions to help the new employee acquaint himself/herself with
work in progress.
PROBATION POLICY:
Probation is a trial that is mutual opportunity for the employee and HDFC
to confirm suitability for continued employment. The probation period is to
All new hires will be placed on probation for a period of 6 months from
the date of joining
Any disputes arising from the application of this program will be the
responsibility of the Agency Director or his designee to resolve and will not be
considered a grievance under the State Employee Grievance Procedure Act.
The agency HR Office will monitor the use of the Referral Bonus Program and
will report annually to the Office of Human Resources information on the use of
the Referral Bonus Program.
The hiring process will be fair and consistent with agency policy and
procedures, with no bias for or against candidates whose selection might make
another employee eligible for a referral bonus.
Amount paid to the employees who refer the candidates and if they get selected
varies from Rs. 7000 to Rs.2000 based on the grade of the employee refereed
and the refereed candidate placed.
2.
Only middle level and senior level management employees have the opportunity
of referring the candidates. This policy/scheme is not applicable to the top
management employees. Also the employees who are under probation or
training period are not eligible for this employee referral policy.
Global View
Bank of America hiring process
Regardless of the position you are interested in, the starting points for
building your resume are the same:
1.
2.
Think about why you can do the job and make a list of your skills
that are relevant to the job.
3.
4.
1.
Personal Information
2.
Objective
3.
4.
5.
Education/Training
6.
1.
2.
3.
4.
5.
6.
7.
1.
2.
3.
4.
1.
1.
2.
3.
4.
We encourage you to create your profile today even if you dont locate
the right career opportunity. Human Resources regularly search this
database when seeking qualified candidates for open positions. Be sure
to make the information in that profile comprehensive to ensure we find
your profile in our search when applicable.
If you have previously registered for an online profile and
need to update your contact information, educational background, or
Objective of recruitment
1 : To a t t r a c t w i t h m u l t i d i m e n s i o n a l s k i l l s a n d e x p e r i e n c e
t h a t s u i t e t h e p r e s e n t a n d future organization strategies.
2 : To i n d u c t o u t s i d e r w it h n e w p er s p e c t i v e t o l e a d
the company.
3 : To i n f u s e f r e s h b l o o d a t a l l l e v e l s o f
organization.
4 : To d e v e l o p a n o r g a n i z a t i o n a l c u l t u r e t h a t a t t r a c t s
competent people to the co mpany.
5: To s e a r c h or h e a d h u n t p e o p l e w h o s e s k i l l f i t t h e c o mp a ny s
values.
6 : To s e e k o u t n o n - c o n v e n t i o n a l d e v e l o p me n t
grounds of talent
7 : To d e v i s e m e t h o d o l o gy f o r a s s e s s i n g
psychological traits.
8 : To s e a r c h f o r t a l e n t g l o b a l l y n o t j u s t w i t h i n t h e
company.
9 : To d e s i g n e n t r y p ay t h a t c o mp e t e s o n q u a l i t y b u t
not on quantum.
10: To anticipate and find people for position that doesnt
exists yet.
Recruitment represents the first contact that a company makes with potential
employees. It is through recruitment that many individuals come to know about
the company and eventually decide whether they wish to work for it. The
recruitment process should inform qualified individuals about the job so that
applicant can make comparison with their qualification and interest.
During the employee selection process, a firm decides which of the recruited
candidates will be offered a position.
Sales
Strongly disagree
Disagree
Agree
Strongly Agree
Neutral
Sales
Strongly Disagree
Disagree
Agree
Strongly Agree
Neutral
IQ3. How is the classification of employees done as per the age group
a. less than 30
b. 30-49
c. 50 and above
IQ7. Rate the effectiveness of the interviewing process ?
a. highly unsatisfied
b. unsatisfied
c. neutral
d. satisfied
e. highly satisfied
10. Does the organization clearly define the position objectives, requirements
and candidate specifications in the recruitment process?
a. Yes
b. No