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ROLL NO-2101330700111
School of Management
Aug 1, 2022
Internship Offer with Square Yards Consulting Pvt. Ltd
BETWEEN
A Company incorporated under Companies Act, 1956 in the Republic of India and having its
Registered office B-3/96,
Safdarjung Enclave, New Delhi-110029 (hereinafter called "the Company" which expression
shall include its associated
companies, successors and assigns) of the one part;
AND
Raksha Kumari, D/o. Sh. Raj Kumar R/o. Kali Bari Road ward no 41 Malighat Near Vaishno
Mata Mandir
(Herein after referred to as the “the Employee” which expression shall include its
successors and assigns) of the other part; It is agreed that the Company will employ
Raksha Kumari as HR Intern of the Company on the particulars/ Terms and conditions as
Laid down in the.
Annexure A
We look forward to you joining us. Please do not hesitate to call us for
any information you may need. Also, please sign the duplicate of this
offer as your acceptance and forward the same to us.
Digitally Signed
Parixit Saxena
Annexure A
You shall be governed by the following terms and condition of service during
your internship with Square Yards, and those may be amended from time to
time.
1. You are being hired as a HR Intern and I would be your Reporting Manager
and Mentor during the internship. As a HR Intern, you would be responsible
for tasks and responsibilities articulated in our internship posted on
Shine.com.
2. Your date of joining is on or before 1st Aug 2022 and the duration of the
internship would be 60 days. During this time, you are expected to devote your
time and efforts solely to Square yards work. You are also required to let your
mentor know about forthcoming events (if there are any) in advance so that
your work can be planned accordingly.
3. You will be working physically in our Noida Sector 03 D-7 Office for the
duration of the internship. There will be catch ups scheduled with your
mentor to discuss work progress and overall internship experience at regular
intervals.
4. All the work that you will produce at or in relation to Square Yards will be the
intellectual property of Square Yards. You are not allowed to store, copy, sell,
share, and distribute it to a third party under any circumstances. Similarly, you
are expected to refrain from talking about your work in public domains (both
online such as blogging, social networking site and offline among your friends,
college etc.) without prior discussion and approval with your mentor.
11.Have fun at what you do and do the right thing – both the
principles are core of what Square Yards stands for and we
expect you to imbibe them in your day-to-day actions and
continuously challenge us if we are falling short of expectations on
either of them.
Date: 01-08-2022
Signature:
Place: Name:
DECLARATION
and strategies” is a record of original work done by me. The findings and
I also declare that this project is result of my effort and the report is
personal favor. All details stated above and analysis provided in the report
(MBA-3rd SEM.)
Raksha
Kumari
(Signature of the
Student)
ACKNOWLEDGEMENT
I take this opportunity to thank Ritiz Raj for giving me the opportunity to
work for this project and I would like to express my sincere thanks to
their help this project report would not have taken its current shape. Under
involved in the work. I would also like to thank the overwhelming support of
all the people who gave me an opportunity to learn and gain knowledge
As we know that the human resources are the most important asset of an
organization. The success or failure of an organization is largely dependent
on the caliber of the people working therein. Without positive and creative
contributions from people, organizations cannot progress and prosper. In
order to achieve the goal or perform the activities of an organization,
therefore, firstly we need to plan proper manpower planning because it is
the essential process of getting the right number of qualified people into
the right job at the right time so that an organization can meet its
objectives. It is a system of matching the supply of people with openings the
organization expects over a given time frame. After the manpower planning
we need to recruit people with requisite skills, qualifications and experience
to perform the activities of an organization. Therefore,
“Recruitment is a true sales function. A recruiter should uncover the needs
of the applicants and understand why they have those needs and the
recruiter can then show how the organization can specifically satisfy such
need. Recruitment provides a pool of applicants for selection. Selection is
much more than just choosing the best candidate. It is an attempt to strike
a happy balance between what the applicant can and wants to do and what
the organization requires. Various selection tools and techniques are used
to find people with relevant qualifications who are willing to accept the job
offer and give satisfactory service and performance in the long run
Objective of the study
OBJECTIVES
It is divided in two categories:
Primary Objective: To analyze the effectiveness of recruitment and selection
procedure in Sqaure Yards Consulting Pvt. Ltd.
Secondary Objective: To highlight the recruitment and selection policies of
the companies.
RATIONALE RESEARCH
Square Yards is India’s largest integrated platform for Real Estate &
Mortgages and one of the fastest growing Proptech platform in UAE, Rest of
Middle East, Australia & Canada. Square Yards platform offers an integrated
consumer experience & covers the full real-estate journey from search &
discovery, transactions, home loans, interiors, rentals, property
management and post-sales service – fully integrating buyers to an
extensive network of 500+ partner real estate developers, 150,000+ Agents
and 100+ banks & NBFCs. Square Yards is also building B2B disruptive SaaS
platforms for stakeholders such as Developers, Banks and Agents
Square Yards today rank in the top 20 consumer tech start-ups in India in
terms of GTV (~USD1bn), top 50 in terms of revenue (~USD50mn) and is
amongst the handful of consumer tech start ups in India which are
profitable. Square Yards has achieved a significant scale in just 6 years and is
one of the few Indian start-ups which have successfully expanded globally.
It has direct presence in 20+ cities globally and has more than 5000+
employees across 9 Countries - one of the few Indian startups to have
transitioned successfully to Global landscape, with more than quarter of
revenues coming from the global markets such as Middle East, Australia and
Canada.
With the help of Data Analytics and VR tools, squareyards.com is trying to
disrupt the traditional eco system of marketplaces, with a bet on building
the first MLS in India. At the same time, adjacent B2C platforms such as
Square Capital, Azuro, Interior Company, Props AMC & Prop VR are scaling
up to become category leaders led by significant strategic benefits of
playing the entire value chain
Any organization wants it future to be in good and safe hands. Hence, hiring
the right resource is a very important task for any organization.
Limitations of the study
2. Communicati on gap:
The only way to communicate with the recruitment team is
via emails or telephones. There can be times where the team
doesn’t properly understand what the company wants and
finds a wrong candidate.
Face to face communication with the candidates applying for the jobs
was not possible at first time as all the interviews were conducted on
the telephone itself.
For this project, the random respondents are taken in all over India. I had
to screen there resume and CV from Shine.com, Naukri.com, Monster
etc and has to collect information through taking telephonic interview of
the candidates for the open positions.
Second Phase started after the 3 days of the training. Square Yards
assigned me the target of joining i.e., 8 joining in 60 days. Firstly, we
have to screen the CVs of the candidates from the Shine, Naukri and
from many more portals of recruitment. After screening the CV we have
to take a small telephonic interview of them and shortlist their profile if
found suitable for the company and if candidate are interested for
same.
Square Yards is India’s largest integrated platform for Real Estate & Mortgages
and one of the fastest growing Proptech platform in UAE, Rest of Middle East,
Australia & Canada. Square Yards platform offers an integrated consumer
experience & covers the full real-estate journey from search & discovery,
transactions, home loans, interiors, rentals, property management and post-
sales service – fully integrating buyers to an extensive network of 500+ partner
real estate developers, 150,000+ Agents and 100+ banks & NBFCs. Square Yards
is also building B2B disruptive SaaS platforms for stakeholders such as
Developers, Banks and Agents
They have a large team of dedicating recruiters, who are just used to recruit the
right candidate for the company on.
They are a team of 5000+ experienced professional. Square Yards today ranks
in the top 20 consumer tech start-ups in India in terms of GTV (~USD1bn), top
50 in terms of revenue (~USD50mn) and is amongst the handful of consumer
tech start ups in India which are profitable. Square Yards has achieved a
significant scale in just 6 years and is one of the few Indian start-ups which
have successfully expanded globally. It has direct presence in 20+ cities globally
and has more than 5000+ employees across 9 Countries - one of the few Indian
startups to have transitioned successfully to Global landscape, with more than
quarter of revenues coming from the global markets such as Middle East,
Australia and Canada. They have first-hand experience, and also aware of the
gaps that exist in hiring and retaining HR. This organization is backed by a rich
proprietary network of professionals who continuously feed CVs into our
unique database. The USP of this database is the fact that several candidates
may not be registered on job search portal or for that matter seeking an
immediate movement. The network also enables them to headhunt efficiently.
With the help of Data Analytics and VR tools, squareyards.com is trying to disrupt the
traditional eco system of marketplaces, with a bet on building the first MLS in India.
At the same time, adjacent B2C platforms such as Square Capital, Azuro, Interior
Company, PropsAMC & PropVR are scaling up to become category leaders led by
significant strategic benefits of playing the entire value chainby a rich proprietary
network of professionals who continuously feed CVs into our unique database. The
USP of this database is the fact that several candidates may not be registered on job
search portals or for that matter seeking an immediate movement. Our network also
enables us to headhunt efficiently.
The candidates are identified and evaluated by us for fitment, by going beyond the
norms of education qualification prerequisites. Our objective is to ensure that the
candidates deliver in the current role and in parallel develop themselves for the next
higher role. The overarching objective is to deliver long term value for the client as
also the candidate. Being a young organization, we demonstrate zeal to service the
client beyond their expectations.
Our proprietary network of professional not only spots and places talent but also
mentors the candidates in their professional journey. This ‘lifeline’ of ‘on tap’ expert
help surely brightens the chances of success for the candidates place by us.
Mission:
Business Associate:
SCREENING resumes on shine.com and naukari.com and from many more job
portals like (Monster, Hirect, Linkdin,etc)
Post vacancies on the job portals.
Contact with the candidates who have applied on the posted vacancies or from
shortlisted ones.
Shortlist the Resumes which is suitable for the position
Call candidates for telephonic round Interview.
Conducted the interview if found right candidate and if they are
agree for the same.
Send interview invitation to the candidate through mail.
Once they get selected then collect all the required documents.
Generate offer letter after completing all the process of documentations.
Generate candidates joining kit along with Id and password and their employee
codes.
Recruitment Procedure
A. Manpower process
Manpower Forecasting
1. The overall annual business plan for the company breaks down into plans and
targets for each individual department. Each department calculates their grade
wise manpower requirements based on the staffing norms, and provide
quarterly and monthly manpower requirements to corporate HR.
2. Based on the attrition trends and manpower requirements, all the respective
Head of Departments arrive on the manpower numbers along with Head-HR
and obtain on MD’S approval.
3. The projected requirements for the year must reach Head-HR, latest by the
first week of January every year.
Manpower Inventory
The existing number of employees and their skill levels compared with the forecasted
requirements to identify qualitative and quantitative gaps. Options for the
redeployment through retaining, transfers, promotions are considered. Where these
options do not exist, options for recruiting from external sources are taken into
account.
Manpower Plans
Each position in the organization has detailed job description including the following:
The hiring managers raise the manpower request using the following format and to
HODs for their approval using MR form.
Particulars Details
JD Code __________
Position __________
Location __________
Region __________
Once the vacancy is filled, My Single MRF approval in hard copy along with the
signatures of Head-HR documented in the personnel file for selected
candidates. Head-HR signs the manpower request form once the vacancy is
filled.
All requests for a new position must be sent to HR in a Manpower Requisition
Form after approval from the HOD, Human Resource manages the process of
recruitment and selection with inputs from the line function.
D. Sources of recruitment
Internal Recruitment
External Recruitment
Internal Recruitment:
a. Job Profile
b. Education qualifications, Skills, Experience
c. Last date of receiving Applications
d. Contact person in HR
All applications are screened for the eligibility against pre-determined criteria for the
vacancy. HR prepares a list of eligible applicants and seeks approval from the
respective Reporting Manager and Departmental Head. If approval is given, HR sends
notification to the eligible candidates via email. Applicants who are not found eligible
are also be notified as via email.
HUMAN RESOURCE PLANNING
Human Resource planning fulfills individual, organizational and national goals. The
main purpose is one of matching or fitting employee’s abilities to enterprise
requirements, with an emphasis on future instead of present arrangements.
Thus, Human Resource planning involves forecasting manpower requirement,
preparing manpower inventory to assess the internal supply of manpower,
identification of manpower gap which may be in the form of either surplus or
shortage of manpower, and designing action plans for bridging this gap.
Organizational objectives and plans provide base for manpower planning so that it is
linked with the former.
Organizational Objectives and Plans:
The starting point of any activity in an organization is its objectives which generate
various plans and policies which provide direction for future course of action. Out of
this direction, various subsystems of the organization devise their own plans and
program. Thus, each subsystems plans and program are linked to organizational plans
and policies. To the extent, this linkage is not proper, a subsystem’s contribution to
the achievement organizational objectives is adversely affected. This is true with
manpower planning too. While going through its process, therefore, organizational
policies with regard to effective utilization of human resources should be identified
and incorporated in planning process.
Action Plan : Various action plans are devised to bridge human resource gap. If there
is surplus of human resources either because of improper human resource planning
in the past or because of change in organizational plan, such as divestment of
business or closing down some businesses because of various reasons, action plans
may be devised to pruntheir size through layoff, voluntary retirement, etc. If there is
shortage of human resources, action plan may be devised to recruit additional
personnel.
Statistical tool used
The following graph shows that the growth of recruitment and selection
procedure
The growth of the company in the field of the Recruitment is high because the
all the people now a day’s needs job and the Square yards is planning to triple
its employee and has many vacancies so candidate will get the job easily.
Particulars No. of %
respondents
Yes 12 40
No 18 60
Total 30 100
Particulars No. of %
respondents
15 minutes 6 26
Between 15-20 21 61
minutes
More than 20 3 13
minutes
Total 30 100
13%
26%
61%
15% recruiters conduct telephonic interview for 15 minutes, 61% recruiters conduct
telephonic interview between
15 minutes15-20 minutes
betweenand
15 to 13% recruiters conduct telephonic
20 minutes
more than 20 minutes
interview for more than 20 minutes.
If no suitable applicants apply within one week from the date of posting the
advertisement, external recruitment is initiated.
External Recruitment:
The team spend 0 -1 week in searching for the right candidate through sources
other than consultants.
Lead time calculated as follows: Date of receiving come regarding the vacancy-
Date of candidate signing the LOI & committing a joining date after serving the
notice period.
The CVs received through consultants, directly received CVs, job portals&
Samsung site is stored in the CV database.
Campus Recruitments:
Trainee Schemes
Management Trainees
Depending upon the requirements projected in the manpower plan, the company
recruits Management Trainees from Management Institutes in the country.
Sourcing of Trainees
Management trainees are sourced from Management Institutes across the country.
Experience: Student with relevant work experience of 1-3 years give weight age but
takes as Management Trainee.
E. Recruitment Process
HO HR/Regional HR
Pre-Placement Talks:
HR coordinates with the Placement Cell of short-listed Institutes and schedule Pre-
Placement talks (PPT)
The HR head and Regional Manager inform the Pre-Placement Team. The following
information is carried to the Pre-Placement Talks:
Selection Process
A. Eligibility Criteria:
The following eligibility criterion is used to short list applicants from various Institutes:
A CGPA of at least 6 out of 10 or its equivalent in the MBA/PGDBM program
Projects undertaken at the summer trainee/internship level
B. Screening of Application Blanks:
C. Selection Criteria:
The candidates qualifying the %/CGPA criteria are considered for the selection
rounds. The weight age for the selection exercises are as under:
1. Group Discussion 20
2. Psychometric Analysis 30
3. Panel Interview 50
F. Letter Of Intent:
Selected candidates are issued a letter of intent on the spot. Appointment letters are
issued upon joining.
a) Trainee Scheme
Once selected, all the trainees are provided with an HR brochure that lists the details
of the trainee scheme are outlined below:
Training Program:
The training period is for six months. The details are given below:
A three day induction period held for all trainees by the top Management on
the vision, mission and company policies.
All trainees spend one week in each function for a period of ………….. Weeks.
Trainees undertake 2 projects in 2 other functions than their specialization.
A combined test for all the departments and functions it is prepared by
persons nominated in HO by HODs. It is conducted and evaluated by RHR and
sent to HO-HR.
Detailed feedback session is conducted by HR and sent to HO-HR and
handover to respective departments/branches.
Upon completion of the training period, all trainees undergo performance evaluation.
Process:
Trainees are required to present a report of the projects they have undertaken
to the Department Head at the end of the training period.
HR schedules a performance interview for every management trainee. The
panel for interview consists of one cross- functional head, Departmental head
and HR Manager.
The trainee is assessed on the projects completed and a number of parameters
listed in the “Trainee Evaluation Form”.
The Performance Evaluation Panel recommends a confirmation separation as
per the trainee’s performance. Upon receiving the evaluation and
recommendation, HR issues a confirmation letter to the trainee confirming
him/her at level.
LITERATURE REVIEW
RESEARCH DESIGN
Recruiters do not spend enough time talking to the candidates. They must probe a
candidate on the following points:
- Resume-project wise.
- Availability, willingness & commitment.
- Whether they have any offers in hand.
- Whether they have attended any interviews recently and how do they feel about
the same.
- Rate negotiations, should ask for current pay rate & expected pay rate.
Most of the recruiters do searches but titles-since every client have different
terminology for different roles, so recruiters should spend some time
understanding the requirements first.
Learn to Multitask
Be patient
As the interview with the candidates applying for the jobs is conducted on the
telephone only so communication skills play a very major role because the
recruiter is communicating with a person who is from another country.
Therefore, there should be no communication gaps.
BIBLIOGRAPHY
1. Wits, J. (1956). Job expectancy and survival. Journal of Applied Psychology, 40,
245-247.
2. Barber, A. E. & Roiling, M. V. (1993). Job postings and the decision to interview:
A verbal protocol analysis. Journal of Applied Psychology, 78, 845-856.
3. Harris, M. M. & Fink, L. S. (1987). A field study of applicant reactions to
employment opportunities: Does the recruiter make a difference? Personnel
Psychology, 40, 765-784.
4. Lien, R. C. & Parsons, C. K. (1986). A field study of job applicant interview
perceptions, alternative opportunities, and demographic characteristics.
Personnel Psychology, 39, 109-122.
5. Maurer, S. D., Howe, V., & Lee, T. W. (1992). Organizational recruiting as
marketing management: Personnel Psychology, 45, 807-833.
QUESTIONNAIRE
Q3) Are job portals the only best source of finding the candidates?
Yes:
No :