Professional Documents
Culture Documents
Project Report
Project Report
ON
SUBMITTED BY:
Bhawana
Enrollment No. 01515903918
MBA, Semester 3
Batch 2018 – 2020
Page No.
Student Declaration……………………………………………………………………………i
Certificate from Company …........................................................................................ii
Certificate from Faculty Guide…................................................................................iii
Acknowledgement.........................................................................................................iv
5.1 Conclusion
5.2 Scope for future research
REFERENCES
This is to certify that I have completed the Project titled “Recruitment and Selection
Process” under the guidance of “Dr. Richa Sharma” in the partial fulfillment of the
requirement for the award of the degree of “Masters in Business Administration” from
“Rukmini Devi Institute of Advanced Studies, New Delhi.”
It is also certified that the project of mine is an original work and the same has not been
submitted earlier elsewhere.
Bhawana
01515903918
MBA Section-B Sem-3
Certificate from Faculty Guide
This is to certify that the project titled “Recruitment and Selection Process” is an academic
work done by “Bhawana” submitted in the partial fulfillment of the requirement for the
award of the degree of “Masters in Business Administration” from “Rukmini Devi Institute
of Advanced Studies, New Delhi.” under my guidance and direction.
To the best of my knowledge and belief the data and information presented by her in the
project has not been submitted earlier elsewhere.
With immense please we are presenting “Recruitment and Selection Process” Project report
as part of the curriculum of ‘Master of Business Administration’. We wish to thank all the
people who gave us unending support.
I express my profound thanks to Assistant Prof. Richa Sharma project guide and all those
who have indirectly guided and helped us in preparation of this project.
We also like to extend our gratitude to all staff and our colleagues of Rukmini Devi Institute
of Advanced Studies, who provided moral support, a conductive work environment and the
much-needed inspiration to conclude the project in time and a special thanks to my parents
who are integral part of the project.
Thanking you.
Bhawana
01515903918
MBA Section-B Sem-3
CHAPTER 1
INTRODUCTION
Human Resource is a basic need of any work to be done. According to ARTHUR LEWIS:
The project report is all about recruitment and selection process that is an important part
of any organization.
Recruitment
Recruitment is a process of identifying, screening, shortlisting and hiring potential resource
for filling up the vacant positions in an organization. It is a core function of Human Resource
Management.
Recruitment is the process of choosing the right person for the right position and at the right
time. Recruitment also refers to the process of attracting, selecting, and appointing potential
candidates to meet the organization’s resource requirements.
Importance of Recruitment
Recruitment is one of the most fundamental activities of the HR team. If the recruitment
process is efficient, then
Selection
Selection is the process of picking or choosing the right candidate, who is most suitable for a
vacant job position in an organization. In others words, selection can also be explained as the
process of interviewing the candidates and evaluating their qualities, which are required for a
specific job and then choosing the suitable candidate for the position.
The selection of a right applicant for a vacant position will be an asset to the organization,
which will be helping the organization in reaching its objectives
Recruitment Selection
Recruitment is called as a positive process Selection is called as a negative process with its
with its approach of attracting as many elimination or rejection of as many candidates as
candidates as possible for the vacant jobs possible for identifying the right candidate for the
position.
Both recruitment and selection work hand in hand and both play a vital role in the overall
growth of an organization.
Importance of Selection
Selection is an important process because hiring good resources can help increase the overall
performance of the organization. In contrast, if there is bad hire with a bad selection process,
then the work will be affected and the cost incurred for replacing that bad resource will be
high.
The purpose of selection is to choose the most suitable candidate, who can meet the
requirements of the jobs in an organization, who will be a successful applicant. For meeting
the goals of the organization, it is important to evaluate various attributes of each candidate
such as their qualifications, skills, experiences, overall attitude, etc. In this process, the most
suitable candidate is picked after the elimination of the candidates, who are not suitable for
the vacant job.
The organization has to follow a proper selection process or procedure, as a huge amount of
money is spent for hiring a right candidate for a position. If a selection is wrong, then the cost
incurred in induction and training the wrong candidate will be a huge loss to the employer in
terms of money, effort, and also time. Hence, selection is very important and the process
should be perfect for the betterment of the organization.
Advantages of Selection
A good selection process offers the following advantages−
It is cost-effective and reduces a lot of time and effort.
It helps avoid any biasing while recruiting the right candidate.
It helps eliminate the candidates who are lacking in knowledge, ability, and
proficiency.
It provides a guideline to evaluate the candidates further through strict verification and
reference-checking.
It helps in comparing the different candidates in terms of their capabilities, knowledge,
skills, experience, work attitude, etc.
A good selection process helps in selecting the best candidate for the requirement of a vacant
position in an organization.
It is said if right person is appointed at right place the half work has been done. In this project
I have tried to cover all the important point that should be kept in mind while recruitment and
selection process and have conducted a research study through a questionnaire that I got it filled
with all the sales managers of the Bajaj Allianz General Insurance and tried to find out which
methods and various other information related to recruitment and selection and tries to come
to a conclusion at what time mostly the manpower planning is don’t , what the various method
used for recruiting the candidates and on what basic the selections is done.
Bajaj Allianz has a well-articulated equal opportunity policy, which lays strong
emphasis on hiring of individuals irrespective of age, race, caste or gender. As a best
practice in recruitment.
ABOUT THE COMPANY
Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv
Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a
reputation of expertise, stability and strength.
Bajaj Allianz received the Insurance Regulatory and Development Authority (IRDA)
certificate of Registration on 2nd May, 2001 to conduct various businesses (including Health
Insurance business) in India. The Company has an authorized and paid up capital of Rs 110
crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.
As on 31st March 2019, Bajaj Allianz continues to be one of the most financially robust
insurers in the industry by maintaining its growth as well as profitability. The company has
made a net profit of Rs.780 crore. The company reported a revenue of Rs.11, 097 crore,
which has grown by 17% compared to the last fiscal year.
Vision
To be the first choice insurer for customers
To be the preferred employer for staff in the insurance industry
To be the number one insurer for creating shareholder value
Mission
As a responsible, customer focused market leader, we will strive to understand the insurance
needs of the consumers and translate it into affordable products that deliver value for money.
A Partnership Based on Synergy Bajaj Allianz offers technical excellence in all areas of
General and Health Insurance, as well as Risk Management. This partnership successfully
combines Bajaj Finserv's in-depth understanding of the local market and extensive
distribution network with the global experience and technical expertise of the Allianz Group.
As a registered Indian Insurance Company and a capital base of Rs. 110 crores, the company
is fully licensed to underwrite all lines of insurance business including health insurance.
LITERATURE REVIEW:
Definition:
Edwin Flippo defines Recruitment and selection process as “A process of searching for
prospective employees and stimulating and encouraging them to apply for jobs in an
organization.”
In simpler terms, recruitment and selection are concurrent processes and are void without
each other. They significantly differ from each other and are essential constituents of the
organization. It helps in discovering the potential and capabilities of applicants for expected
or actual organizational vacancies. It is a link between the jobs and those seeking jobs.
According to Korsten (2003) and Jones et al. (2006), Human Resource Management theories
emphasize on techniques of recruitment and selection and outline the benefits of interviews,
assessment and psychometric examinations as employee selection process. They further
stated that recruitment process may be internal or external or may also be conducted online.
Typically, this process is based on the levels of recruitment policies, job postings and details,
advertising, job application and interviewing process, assessment, decision making, formal
selection and training (Korsten 2003).
Jones et al. (2006) suggested that examples of recruitment policies in the healthcare, business
or industrial sector may offer insights into the processes involved in establishing recruitment
policies and defining managerial objectives.
Successful recruitment techniques involve an incisive analysis of the job, the labour market
scenario/ conditions and interviews, and psychometric tests in order to find out the
potentialities of job seekers. Furthermore, small and medium sized enterprises lay their hands
on interviews and assessment with main concern related to job analysis, emotional
intelligence in inexperienced job seekers, and corporate social responsibility. Other
approaches to selection outlined by Jones et al. (2006) include several types of interviews,
role play, group discussions and group tasks, and so on.
Any management process revolves around recruitment and failure in recruitment may lead to
difficulties and unwanted barriers for any company, including untoward effects on its
profitability and inappropriate degrees of staffing or employee skills (Jones et al. 2006). In
additional, insufficient recruitment may result into lack of labour or hindrances in
management decision making, and the overall recruitment process can itself be advanced and
amended by complying with management theories. According to these theories, the
recruitment process can be largely enhanced by means of Rodgers seven point plan, Munro-
Frasers five-fold grading system, personal interviews, as well as psychological tests (Jones et
al. 2006).
Work by Alan Price (2007):
Price (2007), in his work Human Resource Management in a Business Context, formally
defines recruitment and selection as the process of retrieving and attracting able applications
for the purpose of employment. He states that the process of recruitment is not a simple
selection process, while it needs management decision making and broad planning in order to
appoint the most appropriate manpower. There existing competition among business
enterprises for recruiting the most potential workers in on the pathway towards creating
innovations, with management decision making and employers attempting to hire only the
best applicants who would be the best fit for the corporate culture and ethics specific to the
company (Price 2007). This would reflect the fact that the management would particularly
shortlist able candidates who are well equipped with the requirements of the position they are
applying for, including team work. Since possessing qualities of being a team player would
be essential in any management position (Price 2007).
Hiltrop (1996) was successful in demonstrating the relationship between the HRM practices,
HRM-organizational strategies as well as organizational performance. He conducted his
research on HR manager and company officials of 319 companies in Europe regarding HR
practices and policies of their respective companies and discovered that employment security,
training and development programs, recruitment and selection, teamwork, employee
participation, and lastly, personnel planning are the most essential practices (Hiltrop 1999).
As a matter of fact, the primary role of HR is to develop, control, manage, incite, and achieve
the commitment of the employees. The findings of Hiltrop’s (1996) work also showed that
selectively hiring has a positive impact on organizational performance, and in turn provides a
substantial practical insight for executives and officials involved. Furthermore, staffing and
selection remains to be an area of substantial interest. With recruitment and selection
techniques for efficient hiring decisions, high performing companies are most likely to spend
more time in giving training particularly on communication and team-work skills (Hiltrop
1999). Moreover the finding that there is a positive connection existing between firm
performances and training is coherent with the human capital standpoint. Hence, Hiltrop
(1996) suggests the managers need to develop HR practices that are more focused on training
in order to achieve competitive benefits.
However, the process of recruitment does not cease with application of candidature and
selection of the appropriate candidates, but involves sustaining and retaining the employees
that are selected, as stated by Silzer et al. (2010).
Work of Silzer et al. (2010) was largely concerned with Talent management, and through
their work they were successful in resolving issues like whether or not talent is something
one can be born with or is it something that can be acquired through development. According
to Silzer et al (2010), that was a core challenge in designing talent systems, facing the
organization and among the senior management. The only solution to resolve the concern of
attaining efficient talent management was by adopting fully-executable recruitment
techniques. Regardless of a well-drawn practical plan on recruitment and selection as well as
involvement of highly qualified management team, companies following recruitment
processes may face significant obstacles in implementation. As such, theories of HRM can
give insights in the most effective approaches to recruitment even though companies will
have to employ their in house management skills for applying generic theories across
particular organizational contexts. Word conducted by Silzer et al (2010) described that the
primary objective of successful talent strategies is to create both a case as well as a blueprint
for developing the talent strategies within a dynamic and highly intensive economy wherein
acquisition, deployment and preservation of human capital-talent that matter,, shapes the
competitive advantages and success of many companies (Silzer et al. 2010).
Work by Taher et al. (2000):
Toward that end Taher et al. (2000) carried out a study to critique the value-added and non-
value activities in a recruitment and selection process. The strategic manpower planning of a
company, training and development programme, performance appraisal, reward system and
industrial relations, was also appropriately outlined in the study. This study was based on the
fact that efficient HR planning is an essence of organization success, which flows naturally
into employee recruitment and selection (Taher et al. 2000). Therefore, demand rather than
supply must be the prime focus of the recruitment and selection process and a greater
emphasis must be put on planning, supervising and control rather than mediation. Extending
this principle, a realistic approach to recruitment and selection process was demonstrated, and
the study found that an organization is efficient only when the value it commands exceeds the
price involved in determining the process of decision making or product. In other words,
value-added and non-value added activities associated with a company’s recruitment and
selection process impacts its role in creating motivated and skilled workforce in the country
(Taher et al. 2000). Thus, the study identified the waiting time, inspection time and filing
time as non value added tasks and the cost of advertisement as the only value added activity
in the overall process. Taher et al. (2000) investigated the recruitment and selection section of
Bangladesh Open University. It was found that whenever the recruitment and selection
department of BOU received a recruitment request of new applicants from other sections, the
officials failed to instantly advertise the vacancy in various media. The university had to
follow some long sequential steps prior to doing so. After the vacancy is publicly advertised,
what followed were the bureaucratic formalities and complications together with inspection
and supervision by two departments thereby causing unnecessary waiting in the recruitment
and selection process that eventually increases the cost of recruitment by keeping the
organization’s image at stake. The study also witnessed some amount of repetition taking
place at every step of recruitment where the applications of applicants circulating around too
many departments for verifications. This repetitive work tends to engage unnecessary persons
for a single task that results in unnecessary delay in the decision and unjust wastage of
manpower.
After careful consideration of similar problems in the BOU, Taher et al. (2006) recommended
for amending the recruitment process by stating that firstly processes like job analysis and
searching internal and external sources must be followed by direct advertisement of the post
as the HR’s own responsibility, and not by any intermediate officials. This will eliminate the
non-value activities. Secondly, Taher et al (2000) suggested a ‘system’ to be introduced to
ease the respective department to study the shortlisted candidates, which can be done only by
the request of the HR department. A medical assistance must be sought by BOU in regards to
the physical or mental abilities of applicants for the job function as well as their workers
compensation and risk. A procedure needs to be devised pertaining to the privacy and
confidentiality of medical reports. Thus, this privacy and decrease in noon-value added
activity of the medical exam can be sustained effectively by testing the applicants via
contracted medical advisors, or in-house doctors. Use of a computer based HR system should
be installed in BOU to manage the pool of information about employees and to make the
organization to take just-in-time HR recruitment and selection decisions.
Conclusion:
It can be clearly concluded that for a company to succeed all it takes is the proper recruitment
and selection strategies which also shapes the overall manpower management of the
company. By conclude this literature review, the study emphasizes on the fact that the
recruitment and selection process is integrated with other processes such as strategic plan of
the company, training and development schemes, compensation, rewarding/incentive system,
performance appraisal, and lastly, industrial relations. Furthermore, according to Silzer et al
(2010), there exist several reasons why the most apparent information have been more
promising; including the well-structured nature of interviews, the use of questionnaires based
on a job analysis, inclusion of panel of interviewers, the practice of note-making during the
interview, and the use of rating scale based on behavioral factors to gauge the interviewee’s
answers all play an integral part in the improvement of the recruitment validity.
Therefore, the study has offered an incisive review of literature of as many as six authors
based on their individual studies and research on recruitment and selection processes.
CHAPTER 2
RESEARCH METHODOLOGY
RESEARCH:
It is a scientific and systematic search for pertinent information on specific topic. Research is
a careful inquiry or examination to discover new information or relationship to expand and to
verify existing knowledge.
DATA COLLECTION
A sample size of 50 Employees studied for this purpose. Employees where randomly
administrated the questionnaire.
DATA ANALYSIS
The analysis of data was done on the basis of unit, age and number of years of
experience and factors.
Analysis was done using the simple average method so that, finding of the survey was
easily comprehensible by all.
The data is collected for the projects are mainly from primary source. The research has
collected relevant information through interviews with employees at the HR department. The
data collected thereof has supplemented by the observation technique and subsequent
qualitative analysis.
Individual File
They contain record of every employees along with their education, institute, technical
background, interviewer’s assessment, experience, job profile, method of recruitment.
Company manuals:
From this document, information regarding the company profile, clients, HR policies and
procedures, etc was collected & analyzed
Population: 110
Sample size: 50
Different types of data analysis techniques used in the research project such as:
Graphical Analysis
Percentage Analysis
SAMPLE UNIT
The sample unit consisted of all the departments of Bajaj Allianz General Insurance Company.
SAMPLE FRAME
Consisted of a comprehensive list of financial advisors newly recruited of Bajaj Allianz
General Insurance Company.
POPULATION
Population = 110
SAMPLE SIZE
Sample size = 50
SAMPLE DESIGN
Out of 110 populations, I have taken 50 Sample. Care was taken to choose the sample
based on considerations like age, sex & work experience of respondents thus enabling
better representations of the heterogeneous population. However, the sample design was
that of “convenience sampling”. The time consideration & size of population were major
factors in determining choice of sample design.
RESEARCH PROCESS
The data used therein has been collected through the interview technique as
well as the observation method. The questions asked during the interview process were
unstructured and open ended. The required information was derived from the discussion that
followed. The researcher has selected the departments at Bajaj Allianz Insurance Company.
As for the observation method, the researcher has observed a few interview processes and
thereof collected the required data.
When the
business
needs arises,
30% When the business
needs arises
After receiving
ERF, 70%
As the figure represents, in minimum cases, the recruitment process starts only after the FIR
Dept. receive the completed Employee Requisition Form, filled up by the department head.
Thus, the responsibility of identifying the manpower requirement is distributed to the
department’s heads.
70% of the cases does it happen that the requirement need is identified and initiated by the HR
department. This happens in case of major business changes, like say for example, in the case
of diversification or expansion of business.
Sources of Recruitment
5%
7%
Once the need for manpower had been the next step is to call for reassumes of appropriate
candidates. Notice of vacancy also placed in firm as well. Because internal employees can be
interested for respective posts.
Placement agencies, with firm are associated found major providers of candidates. The job sites
are also another major provider. From the job sites, the company receives applications as an
answer to their advertisement call or it could be that the site automatically provides a shortlist
of probable candidate from amongst those who are registered with site. When there is need of
large no. of candidate, company then only refer to campus recruitment.
Sources of Recruitment
45%
40%
35%
30%
25%
Respondents
20% 39% 36%
15%
10% 19%
5%
7%
0%
Data bank Employee Referrals Promotion Transfer
It has been observed that the data batik is a major source of internal recruitment, which
comprises of 39% of total internal source, followed by employee reference 36% and
promotions and transfer being 19% and 6% respectively.
4. Basis of Transfer/Promotion
Sources of Recruitment Seniority Merit
% Respondent 23% 77%
Seniority
Merit
77%
There are 77% of the employee feel that merit is an important element of transfer/promotion
where the rest 23% feel that transfers/promotion are based on seniority.
5. Vacancies Arises
Vacancies Aries
10%
Transfer
Promotions
53% 37%
Resignation
According to observation it was found that 53% of vacancies arise by resignation, 37% arises
through promotions and 10% only through transfer.
Level of Satisfaction
45%
40%
35%
30%
25%
% of Respondents
20% 42%
15%
10%
23%
19%
5% 9%
3% 4%
0%
Excellent Very Good Good Average Poor Very Poor
The observation reveals that 42% of the employees feel selection process is good, Where 23%
said that it is excellent. 19% rated as very good.9% said as average. There were few who said
it was poor.
19% 10%
Sources of CV Experience
Academic Consistency Addn Certification Courses
Extracurricular activity
The source of the CV has a major role in the CV getting short listed. Mostly it happens that the
CVs received through agencies and job sites are those that fit into the tailor made needs of the
position.
The highest rated of any CV is the relevant experience possessed by the candidate, expect in
the cases of trainee positions.
80%
70%
60%
50%
40% Values in %
69%
30%
20%
10%
8% 12% 11%
0%
Technical Application of Innovativeness Presence of Mind
Knowledge Knowledge
The interview part of the selection process is divided into two stages; one the interview taken
by technical person and other taken by HR personnel.
Different component like Technical knowledge is required by 69 % in technical interview.
Innovativeness consist of 12%, presence of mind contains 11%.
35%
30%
25%
20%
15% 31%
28%
10%
5% 10% 11% 12%
8%
0%
Communication Attitude Stability Leadership Overall Team Spirit
Skills Abilities Personalities
Values in %
During HR interview attitude plays vital role as 31%, communication skills also have
significance as 28%.other factors like team spirit, Stability respectively consist of 12% & 10%
Usually the weight age is equally divided between the 2 interviews. As the end of two rounds
the technical and HR personnel’s meet to jointly decide quality of the candidate.
27% 23%
12%
38%
While fixation of salary major emphasis (38%) is given to previous salary drawn by candidate.
Rules and policies counted as second major point as 27%. Experience as 23%.
CHAPTER 4
FINDINGS AND SUGGESTIONS
6. Proper induction is not given to all the employees. It reserves to only a few levels.
7. Salary comparison is not justifies. Old employees are demoralized by getting less salary
then new employee.
8. Manpower’s are recruited from private placement consultancy, who are demanding
high amount of fees, whereas HRD Department is not fully utilized to recruit manpower
by advertisement.
9. Before recruitment cost benefit analysis is not done properly. It causes manpower
surplus which makes loss in the industry.
10. Manpower is recruited from reliable source however efficiency does not recognize.
SUGGESTIONS
1. Other methods of selection like Psychometric and written tests should be introduced in the
selection tests because these tests are vital in choosing the best candidate.
2. Cost of recruitment can be reduced by the help of e-recruiting and by employee’s referral as
this practice of recruitment is considered the least in the company.
3. As company considers mostly experienced people for the job, a look on fresher should also
be given because they can be recruited at a less salary offered to the experienced and they can
also give good results by giving proper training and guidance by the seniors in the company.
4. On campus recruitment should also be considered for recruitment of personnel from various
colleges and business school.
CHAPTER 5
CONCLUSION
CONCLUSION
1. The study of recruitment and selection policies of Bajaj Allianz Insurance Company Shows
a small but systematic procedure
2. Overall employees are satisfied with this recruitment process as they don’t have to go
through different test and this ease their tensions.
ANNEXURE
Questionnaire
8. Which component do you feel are important while taking Technical Interview?
a. Technical knowledge b. Application of knowledge
c. Innovativeness d. Presence of mind
9. Which component do you feel are important while taking HR/Final Interview?
a. Communication skills b. Attitude
c. Stability d. Leadership abilities
e. Overall personality f. Team sprit