Professional Documents
Culture Documents
HRM
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Recruitment in banks
Definition:
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Recruitment in banks
Another important area of HRM is job analysis. Job analysis gives a detailed
explanation about each and every job in the company. Based on this job analysis
the company prepares advertisements.
Every employee goes under training program which helps him to put up a
better performance on the job. Training program is also conducted for existing staff
that have a lot of experience. This is called refresher training. Training and
development is one area were the company spends a huge amount.
6. Performance appraisal:
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Recruitment in banks
There are various rules regarding compensation and other benefits. It is the
job of the HR department to look into remuneration and compensation planning.
9. Industrial relations:
RECRUITMENT
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Recruitment in banks
Introduction
Before a department takes steps to employ staff, it should work out the type
of staff it needs in terms of grade and rank, and the time scale in which the staff are
required.
The general principles underpinning recruitment within the civil service are that
recruitment should:
use procedures which are clearly understood by candidates and which are
open to public scrutiny;
be fair, giving candidates who meet the stipulated minimum requirements
equal opportunity for selection; and
select candidates on the basis of merit and ability.
Recruitment of overseas officers is undertaken only when no or insufficient
local candidates are available
Definition:
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Recruitment in banks
Recruitment is the activity that links the employers and the job seekers.
A few definitions of recruitment are:
A process of finding and attracting capable applicants for employment. The
process begins when new recruits are sought and ends when their applications are
submitted. The result is a pool of applications from which new employees are
selected.
It is the process to discover sources of manpower to meet the requirement of
staffing schedule and to employ effective measures for attracting that manpower in
adequate numbers to facilitate effective selection of an efficient working force.
Recruitment of candidates is the function preceding the selection, which
helps create a pool of prospective employees for the organisation so that the
management can select the right candidate for the right job from this pool. The
main objective of the recruitment process is to expedite the selection process.
Objectives of Recruitment
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Recruitment in banks
1. To attract people with multi dimensional skills and experiences that suits the
present and future organizational strategies.
2. To induct outsiders with a new perspective to lead the company.
3. To infuse fresh blood at all levels the organization.
4. To develop an organizational culture that attracts competent people to the
company.
5. To search or head hunt/head pouch people whose skills fit the companies values.
To devise methodologies for assessing psychological traits.
6. To seek out non conventional development grounds of talents.
7. To search for talent globally and not just within the company.
8. To design entry pays that competes on quality but not on quantum9. To
anticipate and find people for positions that does not exit yet
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Recruitment in banks
Key components
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Recruitment in banks
a. Terms of Appointment: Having decided on the grade and rank of the staff
required, and the timing concerned, the department should consider what the
most appropriate terms of appointment would be. This should take into
account the nature of the duties to be performed and the overall manpower
deployment of the department. The different terms of appointment that can
be offered are –
. permanent and personable terms
· agreement terms
· temporary terms (month-to-month or day-to-day)
· part-time
· non-civil service appointment
· consultancy
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Recruitment in banks
2. Selection of Candidates
c. Roles and Responsibilities: The Civil Service Branch recruits staff of some
General Grades while Heads of Grades/Departments recruit staff of their
own grade/department. For recruitment to middle and senior ranks, the
advice of the Public Service Commission has to be sought before
appointment is offered.
3. Probation
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Recruitment in banks
During probation staff is introduced to the mission, objectives and values of the
civil service and their departments. Probation is a serious process which provides
regular feedback on performance and assesses suitability for employment in the
civil service. It includes:
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Recruitment in banks
Scope of recruitment
5. It extends to the whole Organization. It covers corporate office, sites and works
appointments all over India.
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Recruitment in banks
Recruitment needs:
PLANNED
the needs arising from changes in organization and retirement policy.
ANTICIPATED
Anticipated needs are those movements in personnel, which an organization can
predict by studying trends in internal and external environment.
UNEXPECTED
Resignation, deaths, accidents, illness give rise to unexpected needs.
Forms of Recruitment
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Recruitment in banks
Centralized recruitment
Decentralized recruitment
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a. Transfers
b. Promotions (through Internal Job Postings) and
c. Re-employment of ex-employees - Re-employment of ex-
employees is one of the internal sources of recruitment in which
employees can be invited and appointed to fill vacancies in the
concern. There are situations when ex-employees provide
unsolicited applications also.
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Recruitment in banks
Disadvantages:
Limits the number of potential applicants
No new ideas can be introduced from outside the business
May cause resentment amongst candidates not appointed
Creates another vacancy which needs to be filled
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Recruitment in banks
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Recruitment in banks
Advantages:
Outside people bring in new ideas
Larger pool of workers from which to find the best candidate
People have a wider range of experience
Disadvantages:
Longer process
More expensive process due to advertisements and interviews required
Selection process may not be effective enough to reveal the best
candidate
Job centers - These are paid for by the government and are responsible
for helping the unemployed find jobs or get training. They also provide a
service for businesses needing to advertise a vacancy and are generally free
to use.
important information relating to the job (job title, pay package, location, job
description, how to apply-either by CV or application form). Where a
business chooses to advertise will depend on the cost of advertising and the
coverage needed (i.e. how far away people will consider applying for the job.
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Recruitment in banks
Recruitment interviews
An interview is the most common form of selection and it serves a
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Recruitment in banks
very useful purpose for both employer and job candidate. The main benefits
of an interview include
Other selection tests can increase the chances of choosing the best
applicant and so minimize the high costs of recruiting the wrong people.
Examples of these tests are aptitude tests, intelligence tests and psychometric
tests (to reveal the personality of a candidate).
Once the best candidate has been selected and agreed to take up the post,
the new employee must be given an employment contract. This is an
important legal document that describes the obligations of the employee and
employer to each other (terms and conditions) as well as the initial
remuneration package and a number of other important details
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Recruitment in banks
Job applications
For many jobs, a business will ask applicants to provide Curriculum Vitae
(CV). This is a document that the applicant designs providing the details
such as:
Once a business has received all the applications, they need to be analysed
and the most appropriate form of selection decided upon. When analysing
applications, a business will normally split the applications into three
categories.
Those to reject Candidates may be rejected because they may not meet the
standards set out in the job specification such as wrong
qualifications or insufficient experience or they may not
have completed the application form to a satisfactory
standard
Those to place on Often comprises 3-10 of the best candidates who are asked to
a short list interview
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Recruitment in banks
Those to place on A business will not normally reject all other candidates
a long list immediately but keep some on a long list in case those on the
short list drop out or do not appear suitable during
interview. The business would not want to incur costs
putting them through the selection process, such as
interviews, unless they have to
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Recruitment in banks
Recruitment planning
There are a number of possible reasons as to why a business may have to
recruit more employees:
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Recruitment in banks
Recruitment Policy:
Recruitment policy of any organization is derived from the personnel
policy of the same organization. In other words the former is a part of the
latter. However, recruitment policy by itself should take into
consideration the government’s reservation policy, policy regarding sons
of soil, etc., personnel policies of other organizations regarding merit,
internal sources, social responsibility in absorbing minority sections,
women, etc. Recruitment policy should commit itself to the
organization’s personnel policy like enriching the organization’s human
resources or servicing the community by absorbing the retrenched or laid-
off employees or casual/temporary employees or dependents of
present/former employees, etc.
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Recruitment in banks
Campus placement
Campus placement or campus interview is the program conducted
within educational institutes or in a common place to provide jobs to
students pursuing or in the stage of completing the programme. In this
programme, industries visit the colleges to select qualified students.
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Recruitment in banks
1. On-campus placement
This is the placement program organized only for the students within the
educational institute. In most cases student in the final year of a program will
participate in this placement program
3. Project Placement
Companies recruit students to do their academic project in the industrial
environment.
Objective
The major objective of campus placement is to identify the talented and
qualified professionals before they complete their education. This process
reduces the time for an industry to pick the candidates according to their
need.
Procedure
1. Pre-Placement Talk
A presentation about the company will be made during the pre-placement
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Recruitment in banks
2. Educational qualification
Companies who interested in campus visit for recruitment purpose will have
specific qualification criteria. Qualification criteria include marks or grade
range, specific programme.
3. Written Test
Qualified students will undergo a test. This is usually a simple aptitude test
but depending on company and the position looking for, the difficulty level
of the test may be at the higher side.
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Recruitment in banks
4. Group discussion
Most of the companies will have this round as a filtering round. This round
may or may not be conducted.
A common topic is placed before the group and a formal discussion or
knowledge sharing is expected by the judge. Purpose of this round is to
check communication skills, etiquette of person, listening ability, convincing
power, group leadership, leader or follower and many more things are
evaluated on the basis of requirement or the particular intention of
organization or company.
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Recruitment in banks
5. Technical Interview
Based on outcome of above said process, students will further undergo a
round called technical round. This round evaluates the technical ability of the
student. In most of the cases this will be an individual round but it may be
grouped with the formal interview.
6. Formal interview
Final round of the selection process, where the student’s stability and his
confidence level towards the particular work will be evaluated.
7. Post-Placement Talk
Once the student is selected, he will be given an offer letter. Company’s
executive may provide guidelines about joining procedure and other
prerequisites if needed.
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Recruitment in banks
OUTSOURCING
In India, the HR processes are being outsourced from more than a decade now. A
company may draw required personnel from outsourcing firms. The outsourcing firms help
the organization by the initial screening of the candidates according to the needs of the
organization and creating a suitable pool of talent for the final selection by the organization.
Outsourcing firms develop their human resource pool by employing people for them and
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Recruitment in banks
make available personnel to various companies as per their needs. In turn, the outsourcing
firms or the intermediaries charge the organizations for their services
POACHING/RAIDING
“Buying talent” (rather than developing it) is the latest mantra being
followed by the organizations today. Poaching means employing a
competent and experienced person already working with another reputed
company in the same or different industry; the organization might be a
competitor in the industry. A company can attract talent from another firm
by offering attractive pay packages and other terms and conditions, better
than the current employer of the candidate. But it is seen as an unethical
practice and not openly talked about. Indian software and the retail sector are
the sectors facing the most severe brunt of poaching today. It has become a
challenge for human resource managers to face and tackle poaching, as it
weakens the competitive strength of the firm.
E-RECRUITMENT
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Recruitment in banks
o Low cost.
o No intermediaries
o Reduction in time for recruitment.
o Recruitment of right type of people.
o Efficiency of recruitment process.
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Recruitment in banks
Recruitment Strategies
2. Candidates to target
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Recruitment in banks
3. Sources of recruitment
4. Trained recruiters
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Recruitment in banks
The various parameters and the ways to judge them i.e. the entire
recruitment process should be planned in advance. Like the rounds of
technical interviews, HR interviews, written tests, psychometric tests etc.
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Recruitment in banks
HR Challenges In Recruitment
Future of recruitment
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Recruitment in banks
E-RECRUITMENT
Internet, which reach larger number of people and can get immediate
feedback become the major source of potential job candidates and well known as
online recruitment or E-recruitment. However, it may generate many unqualified
candidates and may not increase the diversity and mix of employees.
In terms of HRM, the internet has radically changed the recruitment function
from the organizational and job seekers' perspective. Conventional methods of
recruitment processes are readily acknowledged as being time-consuming with
high costs and limited geographic reach. However, recruitment through World
Wide Web (WWW) provides global coverage and easiness. Likewise, the speedy
integration of the internet into recruitment processes is primarily recognized due to
the internet's unrivalled communications capabilities, which enable recruiters for
written communications through e-mails, blogs and job portals.
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Recruitment in banks
or the web based tools to assist the recruitment process. The tool can be either
a job website like naukri.com, the organization’s corporate web site or its own
intranet. Many big and small organizations are using Internet as a source of
recruitment. They advertise job vacancies through worldwide web. The job
seekers send their applications or curriculum vitae (CV) through an e-mail
using the Internet. Alternatively job seekers place their CV’s in worldwide
web, which can be drawn by prospective employees depending upon their
requirements.
The internet penetration in India is increasing and has tremendous potential.
According to a study by NASSCOM – “Jobs is among the top reasons why
new users will come on to the internet, besides e-mail.” There are more than
18 million resume’s floating online across the world.
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Recruitment in banks
Job sites provide a 24*7 access to the database of the resumes to the
employees facilitating the just-in-time hiring by the organizations. Also, the jobs
can be posted on the site almost immediately and is also cheaper than advertising
in the employment newspapers. Sometimes companies can get valuable references
through the “passers-by” applicants. Online recruitment helps the organizations to
automate the recruitment process, save their time and costs on recruitments.
recruitment is not free from a few shortcomings. Some of the advantages and the
disadvantages of e- recruitment are as follows:
Disadvantages of E-Recruitment
Apart from the various benefits, e-recruitment has its own share of
shortcomings and disadvantages. Some of them are:
Screening and checking the skill mapping and authenticity of million of
resumes is a problem and time consuming exercise for organizations.
There is low Internet penetration and no access and lack of awareness of
internet in many locations across India.
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Recruitment in banks
Case study
Axis bank is one of the largest bank amongst other bank in India has
prepared the notification for the recruitment of various staff. The detail notification
about the recruitment in Axis bank has already published by the banks on its main
website. Candidates can read the main detail to know the eligibility for apply the
jobs in Axis bank. Eligible candidates can apply on the application format given by
the in the advertisement. Candidate can download the application form as link
given below. The main detail about the Axis bank is given below.
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Recruitment in banks
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Recruitment at SBI
Recruitment at SBI is done by the central office at Mumbai. The recruitment
process for assistant administrative officers (AAOs) at SBI begins with the placing
of advertisements in popular national and regional newspapers across the country.
After the written test, candidates have to appear for interviews, which are
conducted by SBI offices across the country. Based on their overall performance,
candidates are selected.
Objectives
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Recruitment in banks
System:
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Recruitment in banks
Bank jobs are most preferred in today's time. They offer a wide variety of
jobs which are open to the youth from any academic background. The government
has set up various mediums which help us to become a part of the banking sector
of India. One such establishment is the Institute Personnel of Banking Selection. It
is an autonomous organization set up in order to recruit capable individuals in the
banks of India. This year, 2011, for the first time in India, a new method of
examination has been introduced by IBPS.
This exam is called the common written exam. It will be conducted towards
the end of the year and would aim at the recruitment of the most desirable
candidates for the post of bank. Institute of Personnel Banking Selection has
undertaken the full responsibility of conducting the exams. It has set up a faculty of
highly trained professionals who would design the question paper. However, the
syllabus would remain the same, as in case of bank exams conducted by various
banks.
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fields like psychology, banking sector, management etc are a part of this
organization.
The recent endeavour of IBPS has added to its value in the Indian market. It
has introduced the common written exams for recruitment as a Bank PO in 19
esteemed public sector banks of India. This novel strategy would not only recruit
candidates on a large basis but would also involve lesser time and lesser money.
Since it becomes a hectic procedure to recruit candidates whenever a vacancy
arrives, CWE would keep a record of the candidates passed in the CWE exams and
maintain a scorecard. If any vacancy arises, the candidate can show the scorecard
to gain entry into the respective bank.
Eligibility Criteria
Educational Qualification
A pass with 60% marks in the aggregate in Matriculation/ SSC (old pattern)/
SSLC/ 10th standard Examination of 10+2+3 pattern or equivalent. For SC/
ST/ OBC/ PWD/ Ex- Servicemen candidates a pass in the aggregate in
Matriculation/ SSC (old pattern)/ SSLC/ 10th standard Examination of
10+2+3 pattern or equivalent OR
A pass with 50% marks in HSC examination of 10+2 (10+2+3 pattern)/ 11th
standard of (11+1+3) pattern or Intermediate/ Pre-University or any
equivalent examination/ Diploma in Banking recognized by Central/ State
Government or Union Territory administration. For SC/ ST/ OBC/ PWD/
Ex- Servicemen candidates a pass in HSC examination of 10+2 (10+2+3
pattern)/ 11th standard of (11+1+3) pattern or Intermediate/ Pre-University
or any equivalent examination/ Diploma in Banking recognized by Central/
State Government or Union Territory administration OR
Degree in any discipline from a recognized University or any equivalent
qualification recognized as such by the Central Government.
Selection Procedure
Written Examination
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Recruitment in banks
Mode of Payment
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Candidates are first required to take a printout of the fee payment challan
from IBPS website and indicate the particular Bank in which they wish to
pay fees/ intimation charges. Candidates are required to fill in the fee
payment challan for any of the above Banks with details such as Name, Date
of Birth, Contact No., Category, Post Applied for, Amount deposited,
Depositing Branch Name and City etc.
Collect the candidate's copy of the Fee Payment Challan from the Branch.
Please check that the challan is properly signed and the details of
Transaction Number, Branch Name and DP Code Number, Deposit Date
have been noted in the challan by the Branch authorities. Candidates are
required to submit the original fee payment challan along with the Call
Letter at the time of written examination.
How to Apply
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Recruitment in banks
Candidates can apply online only and no other mode of application will be
accepted. Before applying online, candidates should have the following
documents.
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1. Allahabad Bank
2. Indian Overseas Bank
3. Andhra Bank
4. Oriental Bank of Commerce
5. Bank of Baroda
6. Punjab National Bank
7. Bank of India
8. Punjab & Sind Bank
9. Bank of Maharashtra
10.Syndicate Bank
11.Canara Bank
12.Union Bank of India
13.Central Bank of India
14.United Bank of India
15.Corporation Bank
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Recruitment in banks
16.UCO Bank
17.Dena Bank
18.Vijaya Bank
19.Indian Bank
o Newspapers
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Recruitment in banks
o Internet
o Recruitment Agencies
o University
o Notice Board
o Internal
o External
Q3. Whether they were provided any written test at the time of recruitment?
o Yes
o No
Q4. If written test, whether the test was relevant to their job experiences?
o Yes
o No
Q5. What was the nature of questions that were asked during the interview?
o General
o Specific
o Job related
Q6. What are the criteria for filling the top managerial posts?
o External sources
o Internal sources
a. Employee referral
b. Campus recruitment
c. Advertising
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Recruitment in banks
d. Recruitment agencies
e. Job portals
f. Other, specify – __________________________
a. 1
b. 2
c. 3
d. 4
e. More+
Q9. Do you use any of the following tests during the process of recruitment?
a. Written
b. Aptitude
c. Group Discussion
d. Personal Interview
e. Psychometric test
f. Other, specify – ________________________
a. Manual
b. Software
c. Online
d. Windows Xls
Q11. Apart from the HR Manager, who all from the other departments are required
to get involved in interviewing process?
a. Sales
b. Administration
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Recruitment in banks
c. HR Executives
d. Other, specify – _____________________
Q12. Does the company reimburse the traveling cost incurred by the candidate for
appearing in the interview?
a. Yes
b. No
a. No
Q14. In how much time does the whole process generates results? (Time taken in
the whole process i.e. from tests, personal interviews to final list of selected
candidates)
Around 1 or 2 months
o Yes
o No
If yes, then, what method you take up to perform it?
a. Internally
b. Through agencies
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a. Educational qualifications
b. Legal background check
c. Professional background check
d. Reference check
e. Family background check
2 to 3
Q18. Which is the biggest challenge that you face in the whole process of
recruitment?
When there are many well qualified and experienced candidates and
vacancies is few
SBI
Q1. Which media was used for recruitment?
o Newspapers
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Recruitment in banks
o Internet
o Recruitment Agencies
o University
o Notice Board
o Internal
o External
Q3. Whether they were provided any written test at the time of recruitment?
o Yes
o No
Q4. If written test, whether the test was relevant to their job experiences?
o Yes
o No
Q5. What was the nature of questions that were asked during the interview?
o General
o Specific
o Job related
Q6. What are the criteria for filling the top managerial posts?
o External sources
o Internal sources
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Recruitment in banks
o Employee referral
o Campus recruitment
o Advertising
o Recruitment agencies
o Job portals
o Other, specify – __________________________
o 1
o 2
o 3
o 4
o More
Q9. Do you use any of the following tests during the process of recruitment?
o Written
o Aptitude
o Group Discussion
o Personal Interview
o Medical test
o Appointment letter
o Other, specify – ________________________
o Manual
o Software
o Online
o Windows Xls
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Q11. Apart from the HR Manager, who all from the other departments are required
to get involved in interviewing process?
o Sales
o Administration
o HR Executives
o Other, specify – _____________________
Q12. Does the company reimburse the traveling cost incurred by the candidate for
appearing in the interview?
o Yes
o No
o No
o Yes
Q14. In how much time does the whole process generates results? (Time taken in
the whole process i.e. from tests, personal interviews to final list of selected
candidates)
o Yes
o No
o Educational qualifications
o Legal background check
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Q18. Which is the biggest challenge that you face in the whole process of
recruitment?
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Conclusion
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WEBLIOGRAPHY:
www.recruitment.naukrihub.com/hr-challenges.html
http://www.articleblast.com/Self_Improvement/Success/Recruitment_in_Banks_by
_IBPS/
http://humanresources.about.com/od/glossaryh/f/hr_management.htm
http://www.scribd.com/doc/50093870/20/Objectives-Of-Recruitment
http://tutor2u.net/business/gcse/people_recruitment_job_applications.htm
http://tutor2u.net/business/gcse/people_recruitment_methods.htm
http://www.cenedella.com/job-search/history-of-job-search-recruitment-
advertising-in-2010/
http://www.referenceforbusiness.com/encyclopedia/Gov-Inc/Human-Resource-
Management-HRM.html
http://recruitingdaily.com/2010/06/the-history-of-the-recruitment-industry/
http://www.dnaindia.com/money/report_axis-bank-to-recruit-4500-this-
year_1134138
www.tatamcgrawhill.com
Bibliography
Human resource and personnel management by K. Aswathappa
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