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On Recruitment and Selection Process in Private Banking Sector
On Recruitment and Selection Process in Private Banking Sector
recruitment is the process of discovering potential candidate candidates for actual or anticipated organizational vacancies.
Recruitment (meaning)
DEFINITION: According to Edwin B. Flippo, The process of searching for prospective employees and stimulating them to apply for jobs in the organization.
Importance of Recruitment
Determine the present and future of the firm in conjunction with its personnel planning and job analysis activities. Increase the pool of candidates at minimum cost. Help to increase the success rate of the selection process by reducing the number of visibly under qualified or overqualified job applicants Help to reduce the probability Meet the organization social and legal obligation
RECRUITMENT PROCESS
Recruitment planning Strategy development Searching Screening Evaluation and control
FORMS OF RECRUITMENT
Centralized recruitment Decentralized recruitment
SOURCES OF RECRUITMENT
INTERNAL SOURCES: Transfers promotions EXTERNAL SOURCES : Advertisement Educational institutes Placement agencies Employment exchanges Recruitment at factory gate
RECRUITMENT STRATEGIES
Identifying and prioritizing jobs Candidates to target Sources of recruitment Trained recruiters How to evaluate the candidates