L Aroshani MHR/10/93

P Jeyachandrika MHR/10/109
U R M Somasinghe MHR/10/122
K G S S Sumanasena MHR/10/124
N U Mohanlal MHR/10/129
 Fully owned subsidiary of the Merchant Bank of Sri Lanka

 Under the patronage of Bank of Ceylon – the largest bank in the

country,

 Offering Life and General Insurance products.

 Obtained license to do Long Term (Life) Insurance Business and

General Insurance Business from 2005

 Reinsurance is primarily placed with "Hannover Re" of Germany

 
 Derives its financial stability from its parent Corporate entity
Merchant Bank of Sri Lanka,
 Vision

Mission
An innovative insurance company providing end to end
solutions that would positively impact the lives of clients
whilst maintaining the highest level of service and ethical
standards
 Anuradhapura
 Awissawella
 Ampara
 Ambalanthota
 Badulla
 Batticaloa
 Chilaw
 Dambulla
 Embilipitiya
 Gampaha
 Galle
 Jaffna
 Kurunegala
 Kandy
 Mannar
 Matara
 Monaragala
 Negombo
 Nuwara Eliya
 Panadura
 Ratnapura
 Trincomalee
 Vavuniya
 Welimada
Source: Human Resource Management, Gary Dessler (2009)
 Manpower Planning
◦ Recruitment planning on the basis of budget
◦ Review of Manpower Plans and Additional Manpower
 Sourcing
◦ Selection of Sources
◦ Advertisements
◦ Placement Agencies
 Screening the candidates
◦ First level screening
◦ Second Level Screening
 Aptitude Test
 Interviewing Process
◦ Administrative Actions Regarding Interviews
 Negotiations of the terms and conditions and other pre-
appointment formalities
 Reference checks
 Employment offer letter
 Identify need for the
job

Initiate recruitment
request

Review and approval

Approval No Suggestion to the

received original requester
Yes

Candidates’ pool Advertising /

placement agencies

Screening profiles

No
No
Eligible
profile
found
Yes
 Yes
Yes
Is written Conduct written test
test
required
No
Yes
Arrange & conduct Qualified /
preliminary interviews short
listed
Yes

Qualified / No Intimate to the

short listed candidate about not
short listed / selected
Yes

Arrange & conduct

2nd / final interview

Final selection

No
Selected

Yes
Offer Appointment letter
 Strengths Weaknesses

 Brand equity of Bank of  Pre assessment tests

Ceylon are costly

 Effective pre-hiring
 Delays in between the
assessment tests process

 Proper induction
 Proper reference checks program not available
 Candidates’ pool  Political influences

 Priority not given for

internal recruitments
 Opportunities
 The Company may bench-
mark manpower
requirements for its
processes in the industry
 Training Institute
 Strategic Prioritization
 E-Recruitment
 Campus Recruitment
Threats
 The increasing number of
competitors
 Lack of motivation of the HR
Team
 Huge employee turnover
 Some key positions are filled with
wrong person
 Difficulty of retain or attract
highly talented professionals
 Proper written policy on Internal Recruitment

 Improve the recruitment efficiency

 Formulate and develop rapport with more placement agencies from

multiple segments

 Identify what looking for in candidates

 Reduce the pre-offer requirements

 Recommend to have diverse testing schemes for different segments

 Create good impression even on those who are not selected

Thank you..