Professional Documents
Culture Documents
Ammu Mini Project 2022
Ammu Mini Project 2022
During the training period I have studied deeply the process of hiring in Bajaj
Allianz Life Insurance and did a SWOT analysis of Bajaj Allianz Life
Insurance to find out the existing shortcomings and potential threats and
thereby recommended suggestions.
Recruitment and selection are critical human resources functions for your
small business. Hiring the right employees for your business can positively
affect your turnover rate, company culture, production and bottom-line profit.
Avoiding some of the common problems experienced by businesses as they
recruit and select employees improves your chances of success.
1
1.3 NEED FOR THE STUDY
The study enables the company use all the recruitment strategies effectively in
an organization.
organization.
To obtain the employees that can be selected in order to help the organization
organization.
2
1.6 SCOPE OF THE STUDY
This study will be useful to find out the different sources and techniques used
procedures.
This study can be used as a base for further research in this area.
Due to some reluctant behavior it was very difficult to collect the data from
the respondents.
A major limitation as most of them too busy during working hours, the survey
Time constraint was the major limitation of the study, due to this, in depth
Since the samples are limited to Bajaj Life Insurance Ltd, the results of the
3
1.8COMPANY PROFILE
COMPANY HISTORY
Bajaj Allianz Shareholder Capital Base stands at Rs. 500 crore with Bajaj
Auto Limited and Allianz AG of Germany holding 74% and 26% stake
respectively. It is the largest private player in the Insurance Industry in India
with a market share of around 34% amongst the private companies and
second to LIC. The total market share of Bajaj Allianz as of 31st March 2006 is
at 12%.
During the financial year 2005-2006, Bajaj Allianz has sold over 13 lakh
policies and collected about Rs. 4433 crore as premium income. Whopping
growth of 216% for the FY 2005-06, Assets under management of Rs. 3324
Crore. It has paid up Rs 925 crores with IRDA as a caution deposit. Bajaj
Allianz has insured lives for sum assure of over Rs 8500 crore.
4
the largest 2/3-wheeler manufacturer in India and the 4th largest in the world.
AAA rated by Crisil, Bajaj Auto has been in operation for over 55 years. It has
joined hands with Allianz to provide the Indian consumers with a distinct
option in terms of life insurance products.
As a promoter of Bajaj Allianz Life Insurance Co. Ltd., Bajaj Auto has the
following to offer -
A strong brand-equity.
Experience in the financial services industry through Bajaj Auto Finance Ltd
ALLIANZ AG
5
ALLIANZ AG- A GLOBAL FINANCIAL POWERHOUSE
PRODUCT PROFILE
CHILD CARE
Taking care of a child is perhaps the most important job a parent can have. It
is but natural that you would like to give your child your best, and therefore,
this is the time when careful financial planning can help you fulfill the
aspirations that you have for your children. The Bajaj Allianz “Child Care”
Solutions help you to enjoy the joys of parenthood responsibly, with the
reassurance of a secure future for your child.
Child Care plan is a children money back plan with profit. Bajaj Allianz Child
Care offers a wide array of solutions that allows you to plan for your child’s
future by providing you with as many as 4 distinct and unique options.
1. Child Care 21
2. Child Care 24
3. Child Care 21 Plus
4. Child Care 24 Plus
START OF LIFE BENEFIT
This is a unique feature of Bajaj Allianz “Child Care” 21 Plus & 24 Plus.
These packages offer you the choice of providing a unique Start of Life
Benefit for your child. For a nominal amount, an additional Sum Assured
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subject to a maximum limit of Rs.10 Lacks will become payable to enable the
child start hi/her professional life smoothly, in case of an unfortunate death or
Accidental Permanent Total Disability of the Policy holder during the term of
the policy. This benefit will not be available in the event of accidental
permanent total disability after age 65 of the policy holder.
IN-BUILT BENEFITS
A) PREMIUM WAIVER BENEFIT:
In case of death or Accidental Total Permanent Disability of the
policyholder during the premium payment term, all future premium payments
are waived. This benefit will not be available in the event of accidental
permanent total disability after age 65 of the policy holder.
Strengths
7
Complete solution for insurance – Bajaj Allianz provides complete insurance
and financial solutions. It is one complete brand for all your insurance
requirements. It provides various tending plans for life insurance and general
insurance.
Online Plans – To benefit the customers, Bajaj Alliance also has various online
plans for life insurance and general insurance. Stay connected with various
social networking sites.
International exposure – It has various international exposures in insurance by
connecting with Allianz SE and also a strong local implementation by Bajaj.
Strong network – Bajaj Allianz has a strong network across 200 towns. It has
about 722 offices that are spread across India.
Wide Product Range – Bajaj Alliance covers various insurance policies related
to health, travel, home, two-wheeler, car, and life insurance. Based on the
preferences of the customer, the company also customizes the plan.
Weaknesses
The absence in rural areas – Bajaj Allianz Company has less access in the
rural areas of about six to seven percent, due to which it is not reachable to
many customers.
Length procedure – Bajaj Allianz Company has long and complicated
procedures for the customers to get insured. The procedures might get
cumbersome for the customers.
Small infrastructure – Bajaj Allianz has small infrastructure as compared
with the leading players in insurance.
Strong competitors – Bajaj Allianz has strong competitors with better
offerings and premium. So new customers will tend to provide get insured
from a company that provides the best offering.
Opportunities
Untouched Markets – There is a vast number of the insurance market that is
untouched. It is estimated that almost 27% of India’s health-insurance payouts
come from about six cities. So there arise a lot of opportunities for Bajaj
Allianz to enhance the market.
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High Returns with security – India being a traditional society, people will
tend to opt for a risk-free investment offering them high return investments.
Bajaj Allianz offers both types of schemes.
India’s population – India being a top population in the world, provides a
huge opportunity for health insurance, retirement plans, and general insurance.
As Bajaj Allianz insurance has various plans for people of all ages, it does see
a huge opportunity with it.
Threats
Large competitors – Bajaj Allianz has a strong competition as there are about
11 private sectors that cater to the Life Insurance sector alone. This is a huge
threat to the company as it has to provide outstanding service and schemes to
the customers.
Economic condition – Economic condition is also a threat to the business.
Where there is a huge economic crisis and instability in the country, customers
might feel that their money will not fetch good returns.
Awareness among people – To increase awareness of among people about
securing their future is a big threat to the company. Customers should be
oriented in such a way that they will be able to take the premium.
Strict rules and supervision under IRDA – Insurance Regulatory and
Development Authority (IRDA) brings in stringent rules quite often that
increases the threat and burden on insurance companies.
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REVIEW OF LITERATURE
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.
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outlined by Jones et al. (2015) include several types of interviews, role play,
group discussions and group tasks, and so on.
11
Work by Hiltrop (2018):
Hiltrop (2018) 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 .
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 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 .Moreover the finding that there is a positive connection
existing between firm performances and training is coherent with the human
capital standpoint. Hence, Hiltrop suggests the managers need to develop HR
practices that are more focused on training in order to achieve competitive
benefits.
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projection of an image which will have an effect on and reinforce applicant
expectations. Work of Bratton & Gold suggest that organizations are now
developing models of the kind of employees they desire to recruit, and to
recognize how far applicants correspond to their models by means of reliable
and valid techniques of selection. Nonetheless, the researchers have also seen
that such models, largely derived from competency frameworks, foster
strength in companies by generating the appropriate knowledge against which
the job seekers can be assessed. However, recruitment and selection are also
the initial stages of a dialogue among applications and the company that
shapes the employment relationship (Bratton &Gold . This relationship being
the essence of a company’s manpower development, failure to acknowledge
the importance of determining expectation during recruitment and selection
can lead to the loss of high quality job seekers and take the initial stage of the
employment relationship so down as to make the accomplishment of desirable
HRM outcomes extremely difficult. In the opinion of Bratton and Gold ,
recruitment and selection practices are essential characteristics of a dialogue
driven by the idea of “front-end” loading processes to develop the social
relationship among applicants and an organization. In this relationship, both
parties make decisions throughout the recruitment and selection and it would
be crucial for a company to realize that high-quality job seekers, pulled by
their view of the organization, might be lost at any level unless applications
are provided for realistic organization as well as work description. In view of
Jackson et al. and Bratton &Gold applicants have a specific view of
expectations about how the company is going to treat them; recruitment and
selection acts as an opportunity to clarify this view. Furthermore, one
technique of developing the view, suggested by Bratton and Gold, are realistic
job previews or RJPs that may take the form of case studies of employees and
their overall work and experiences, the opportunity to “cover” someone at
work, job samples and videos. The main objective of RJPs is to allow for the
expectations of job seekers to become more realistic and practical. RJPs tend
to lower initial expectations regarding work and a company, thereby causing
some applications to select themselves; however RJPs also increase the degree
of organization commitment, job satisfaction, employee performance,
13
appraisal and job survival among job seekers who can continue into
employment (Bratton & Gold 1999) Jackson et al. (2009).
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).
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THEORETICAL FRAMEWORK
Definition
Recruitment is the process seeking out and attempting to attract individuals in
external labour markets, who are capable of and interested in filling available
job vacancies.
Recruitment is an intermediate activity whose primary function is to serve as a
link between human resource planning on the one hand and selection on the
other.
AIM
The aim of recruitment is the information obtained from job description and
job specification along with precise staffing standards from the basis for
determining manpower requirement to attain the organizational objective.
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2 Resignations, deaths and accidents and illness give rise to unexpected
needs.
Anticipated needs refer to those movements in personnel which an
organization can predict by studying trends in the internal and external
requirements.
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19
SELECTION PROCESS
RECEPTION
PRELIMNARYOF APPLICATION
INTERVIEW
APPLICATION
PSYCHOLOGICAL BLANK
TEST
BACKGROUNDINTERVIEW
INVESTIGATION
WAITING LIST OF DESIRABLE APPLICANT
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STAGES OF RECRUITMENT AND SELECTION
Stage-3 Selection
Make the selection decision
Complete the monitoring process
Verbally make a conditional offer to the preferred candidate
Complete the appointment paperwork and send it to HR with the completed
monitoring form and other required documentation (e.g. financial approval,
advert, job description, application form/CV and reference letters if available)
Write to unsuccessful candidates
Check qualification certificates / permission to work (birth certificate,
passpor
21
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.
SOURCES OF DATA COLLECTION:
The primary as well as the secondary sources was used for collection
of data.
22
Company manuals:
From this document, information regarding the companyProfile, clients, HR
policies and procedures, etc was collected& analyzed
Population: 110
Sample size: 100
Percentage Analysis:
In percentage analysis, charts like bar chart and pie charts are used to
graphically represent the results from percentage analysis of the questionnaire
HYPOTHESIS TESTING
The Chi-Square test is one of the simplest and widely used non-
parametric tests in statistical work. The Symbol is Greek letter Chi. It was
used by the Karl Pearson in the year 1990. The Quantity Chi-Square
describes the magnitude of the discrepancy between theory and
observation.
Chi square =
Where,
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SAMPLE UNIT
The sample unit consisted of all the departments of Bajaj Allianz Insurance
Company.
SAMPLE FRAME
POPULATION
Population = 110
SAMPLE SIZE
SAMPLE DESIGN
Out of 110 populations, I have taken 100 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.
24
RESEARCH PROCESS
INTERPRETE AND
ANALYSE DATA
FINDINGS
25
TABLE NO.5.1.1
1. Male 46 66.4
2. Female 54 33.6
100
Total 100
60
50
40
33.6
30
20
10
0
Male Female
INFERENCE:
The above table it is inferred that 52.3% of the respondents are married and the
remaining 43.8% of the respondents are unmarried.
26
TABLE No: 5.1.2
AGE
40
35
30
25
20
33.6 35.2
15
10
17.2
14.1
5
0
18-25 Years 26-35 Years 36-45 Years above 45 Years
INFERENCE:
The above table shows that 35.2% respondents comes under the age of 36-45, and 14.1%
of the respondents comes under the age of 26-35 years which shows that middle age group
people exists in the organization.
27
TABLE No: 5.1.3
EXPERIENCE
31.3
35
25.8
30
21.9 21.1
25
20
15
10
5
0
0-2 Years 3-5 Years 6-8 Years above 8 Years
INFERENCE:
28
The above table shows that 31.3% respondents comes under the experience of 3-5 years,
and 21.1% of the respondents comes under the experience of above 8 years which shows that
middle experience group people exists in the organization.
1. SSLC 30 32.8
2. HSC 14 19.5
3. ITI/DILPLOMA 40 25.0
4. UG/PG 16 22.7
QUALIFICATION
32.8
35
30 25
22.7
25 19.5
20
15
10
0
SSLC HSC ITI/DILPLOMA UG/PG
INFERENCE:
29
From the above given table it is inferred that 32.8% are of the respondents are from
SSLC and 19.5% are the respondents are HSC.
TABLE NO 5.1.5
1. Based on Need 24 24
2. Based on Vacancy 50 50
3. Based on Transfer 26 26
NO .OF. RESPONDENTS
26% 24%
Based on Need
Based on Vacancy
Based on Transfer
50%
INFERENCE:
The above table depicts that 24% of the respondents are recruited based on need, and
26% of the respondents are recruited based on transfer within the company.
30
TABLE No: 5.1.6
2. Through Consultancy 60 60
3. Through Colleges 0 0
4. Through Reference 0 0
5. Through Online 16 16
NO .OF. RESPONDENTS
16% 24%
By Advertisement in Local
Newspaper
Through Consultancy
Through Colleges
Through Reference
Through Online
60%
INFERENCE:
31
It inferred that 60% of the respondents are recruited through consultancy and 16% of the
respondents are recruited through online
2. Good 48 48%
3. Fair 6 6%
4. Average 4 4%
5. Poor 0 0%
42%
Excellent
Good
Fair
Average
Poor
48%
INFERENCE:
It depicts that 42% of the respondent are of the view that effectively use recruitment
strategies in the company, only 0% of the respondent never use recruitment strategies effectively
in an organization.
32
TABLE No: 5.1.8
2. Good 24 24%
3. Fair 4 4%
4. Average 16 16%
5. Poor 20 20%
Sales
20
36
Excellent
Good
Fair
Average
16 Poor
24
4
INFERENCE:
It is inferred that the according to 36% of the respondents, company always uses
internal recruitment and remaining 20% of the respondents are poor.
33
TABLE No: 5.1.9
2. Satisfied 30 30%
3. Neutral 48 48%
4. Dissatisfied 12 12%
5. Highly dissatisfied 6 6%
NO .OF. RESPONDENTS
6% 4%
12%
Highly satisfied
30% Satisfied
Neutral
Dissatisfied
Highly dissatisfied
48%
INFERENCE:
The above table shows that as per 48% of the respondents, company strategies for
recruitment are neutral and as per 6% of the respondents, it is Highly dissatisfied
2. Satisfied 12 34.4
3. Neutral 21 22.7
4. Dissatisfied 6 15.6
SELECTION PROCEDURE
35
30
25
20
34.4
15
22.7
19.5
10 15.6
5 7.8
0
Highly Satisfied Satisfied Neutral Dissatisfied Highly
Dissatisfied
INFERENCE:
From the above table it is inferred that 34.4% of the respondents are satisfied with the
selection process and 7.8% of the respondents are highly dissatisfied.
35
SI.No PARTICULARS NO .OF. RESPONDENTS PERCENTAGE
1. highly Satisfied 30 30
2. Satisfied 28 28
3. Neutral 17 17
4. Dissatisfied 15 15
5. Highly Dissatisfied 10 10
35%
30%
25%
20%
15% Column1
10%
5%
0%
highly satisfied satisfied neutral dissatisfied highly
dissatisfied
INFERENCE:
From the above table, it is clear that 30% of the respondents feel that selection rounds
are highly satisfactory and 17% of the respondents feel they are neutral.
36
SI.No PARTICULARS NO. OF. RESPONDENTS PERCENTAGE
1. Aptitude Test 14 14
2. Personal Interview 80 80
3. Practical Test 6 6
100%
90%
80%
70%
60%
percentage
50% no of respondents
40%
30%
20%
10%
0%
aptitude test personal interview practical test
INFERENCE:
From the above table it is inferred that 80 % of the respondents are comfortable with
personal interview and only 3% of the respondent comfortable with practical test in an
organization.
37
SI.No PARTICULARS NO. OF. RESPONDENTS PERCENTAGE
Very Lengthy 21 22%
1.
Short 48 48%
3.
80
70
60
50
Series 2
40
Series 1
30
20
10
0
very lengthy neither lenghthy/nor short
short
INFERENCE:
From the above table it is inferred that 24 % of the respondents feel that the duration of
the selection process is short and 22 % of the respondent feel that the duration of selection
process is very lengthy.
38
SI.No PARTICULARS NO .OF. RESPONDENTS PERCENTAGE
Sales
21
1.2
44
Aptitude Test
Technical Round
Personal Interview
35
INFERENCE:
From the above table it is inferred that 44% and 34 % of the respondents must be
improved the rounds in aptitude test and technical round22 % of the respondent to feel better in
the personal interview in an organization.
39
SI.No PARTICULARS NO. OF. RESPONDENTS PERCENTAGE
2. Satisfied 48 48%
3. Neutral 6 6%
4. Dissatisfied 4 4%
5. Highly dissatisfied 0 0%
25
20
15
PERCENTAGE
NO. OF. RESPONDENTS
10
0
highly satisfied neutral dissatisfied highly
sastisfied dissatisfied
INFERENCE:
The above table shows that the 24% and 3% are satisfied and neutral, and only 2 % are
dissatisfied.
40
SI.No PARTICULARS NO. OF. RESPONDENTS PERCENTAGE
Highly satisfied 26 26%
1.
Satisfied 66 66%
2.
Neutral 8 8%
3.
Dissatisfied 0 0%
4.
5. Highly dissatisfied 0 0%
35
30
25
20
no of respondebnts
15 perentage
10
0
highly satisfied neutral dissatisfied highly
satisfied dissatified
INFERENCE
From the above table it is inferred that 26% of the respondents responded that HR fully
considered their needs and wants and 4% of the respondents responded that HR is partially
considered their needs and wants.
41
SI.No PARTICULARS NO .OF. RESPONDENTS PERCENTAGE
Highly satisfied 24 24%
1.
Satisfied 20 20%
2.
Neutral 23 23%
3.
Dissatisfied 20 20%
4.
Sales
13 24
Highly satisfied
20
Satisfied
Neutral
Dissatisfied
Highly dissatisfied
20
23
INFERENCE:
The above table shows that level of satisfaction of the respondent towards the terms and
condition undergone in the company. It inferred that 24% of the respondents are highly
comfortable with the terms and condition 13% of the respondents are Uncomfortable with terms
and condition of appointment letter.
42
SI.No PARTICULARS NO. OF. RESPONDENTS PERCENTAGE
Highly satisfied 30 30%
1.
Satisfied 21 22%
2.
Neutral 36 36%
3.
Dissatisfied 8 8%
4.
5. Highly dissatisfied 5 4%
no fo respondents
6%
6%
highly satisfied
satisfied
neutral
23% dissatisfied
51%
highly dissatisfied
13%
INFERENCE:
The above table shows whether the present offer letter is helpful in achieving the goals of
the company, it depicts that 22% of the respondents said that present offer letter is helpful in
letter achieving the goals and the remaining 4% of the respondent said that the fails to fulfill the
individual and personal goal.
43
SI.No PARTICULARS NO. OF. RESPONDENTS PERCENTAGE
Always 46 46%
1.
Often 21 22%
2.
Sometimes 12 12%
3.
Rarely 16 16%
4.
Never 4 4%
5.
16%
Always
Often
Sometimes
46% Rarely
12% Never
22%
INFERENCE:
The above table shows that the company always to reference check as per 12% of the
respondents and 16% of the respondents said it is “rarely”.
44
SI.No PARTICULARS NO .OF. RESPONDENTS PERCENTAGE
1. Highly Satisfied 36 36%
2. Satisfied 24 24%
3. Neutral 4 4%
4. Dissatisfied 16 16%
Sales
20
36
Highly Satisfied
Satisfied
Neutral
Dissatisfied
16 Highly Satisfied
24
4
INFERENCE:
The above table mentions that satisfaction level of induction training conducted by the
organization, it depicts that 24% of the respondent are satisfied with induction training conducted
by the company and 20% of the respondent are highly dissatisfied with induction conducted by
the organization.
45
SI.No PARTICULARS NO .OF. RESPONDENTS PERCENTGE
1. Highly Satisfied 4 4%
2. Satisfied 30 30%
3. Neutral 48 48%
4. Dissatisfied 12 12%
5. Highly dissatisfied 6 6%
no of respondents
6% 4%
12%
highly satisfied
30% satisfied
neutral
dissatisfied
highly dissatisfied
48%
INFERENCE:
The above table mentions that 6% of the respondents are highly dissatisfied” about the
conduction of medical examination and 30% of the respondents are satisfied
46
SI.No PARTICULARS NO. OF. RESPONDENTS PERCENTAGE
Highly Satisfied 4
1. 4%
2. Satisfied 6 6%
3. Neutral 26 26%
4. Dissatisfied 26 26%
Highly Satisfied
38% Satisfied
26% Neutral
Dissatisfied
Highly Dissatisfied
26%
INFERENCE:
The table depicts that 6% of the respondent are satisfied with initial job offer letter is
satisfied by the company and 38% of the respondent are highly dissatisfied with initial job offer
letter by the organization.
47
particular Highly satisfied neutral dissatisfied Highly total
satisfied dissatisfied
Recruitment 4 30 48 12 6 100
strategies
selection 48 12 22 6 12 100
total 52 42 70 18 18 200
Chi-square analysis=(O-E)2/E
O=Observed frequency
E=Expected frequency
Degree of freedom=(c-1)(r-1)
=(5-1)(2-1 =4
∑ ¿)2/E=58.4
5% level of significance
Calculated value=58.4
Table value=9.488
Inference
48
The calculated value is greater than the table value so the null hypothesis is rejected and it is
concluded that there is significant relationship between selection& recruitment strategies.
O=Observed frequency
E=Expected frequency
Degree of freedom=(c-1)(r-1)
=(5-1)(2-1 =4
∑ ¿)2/E=12.29
5% level of significance
Calculated value=12.29
Table value=9.488
Inference
The calculated value is greater than the table value so the null hypothesis is rejected and it is
concluded that there is significant relationship between Induction Training And Selection
Rounds
CORRELATION ANALYSIS
Correlation analysis
1) selection& Interview
Calculation of
x y x2 y2 xy
50
∑x=338 ∑y=240 ∑x2=1327 ∑y2=726 ∑xy=966
n ( ∑ xy )−( ∑ x ) ( ∑ y )
r = [ n∑ x 2−( ∑ x )2 ] ¿ ¿ ¿
√
correlation coefficient r between the two variables is calculated as follows:
100(966)−338(240)
r= √[ 100 (1327)−( 338 ) ] ¿ ¿ ¿
2
96600−81120
r = √15000 √ 18456
15480
r= (122.47)(135.85)
15480
r= 16637.9
r=0.93
INTERPRETATION
The value of r is 0.93, so the variables move in a same direction. Therefore we conclude that
there is a very high positive correlation between selection & Interview
Mean deviation
51
5 30 150 1.62 48.6 2.62 78.73
f=100 ∑fx=338
X̅=338/100
=3.38
∑f|dx|=124.5
=√ 191.3/100
=1.91
Standard deviation
Coefficient of variation=
Mean
=1.91/3.38
=0.56
Interpretation
The mean value is 3.38, it is satisfactory, the deviation of elements in the observation from the
mean is 1.24.standard deviation is 1.91& Coefficient of variation is 0.56.
52
4. Best way of recruiting people within the organization and consultancies.
6. Proper induction is not given to all the employees. It reserves to only a few
levels.
SUGGESTION
53
2. 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.
CONCLUSION
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this ease their tensions. It is observed that the best source of recruitment is through
consultancies and the employees are treated well and they are satisfied.
QUESTIONNAIRE
TOPIC: RECRUITMENT AND SELECTION
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1. Designation :
7. Through what means does company most of the time recruit the candidates?
8. According to you does company use all the recruitment strategies effectively?
a) Always b) Often c) Sometimes d) Rarely e) Never
9. Whenever company does internal recruitment, are the vacancies declared publically?
a) Always b) Often c) Sometimes d) Rarely e) Never
10. How do you feel about the recruitment strategies use by the company?
a)Highly satisfied b) Satisfied c) Neutral/Undecided e) Dissatisfied
f) Highly dissatisfied
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12. How you rate the selection rounds conducted by the company?
a ) Highly satisfied b) Satisfied c) Neutral/Undecided
13. Rate the below given factors based on your opinion from the recruiter point of view.
Factors Excellen Very good Good Fai poor
t r
Recruiter knowledge
Recruiter skill
Recruiter communication
Recruiter motivation th
to candidate e
15. Which of the following rounds to you think that must be improved?
b) Aptitude test b) Technical round c) Personal interview
16. During the recruitment and selection process does company describe in detail about the job?
a)Highly satisfied b) Satisfied c) Neutral/Undecided
17. During the HR interview are all your needs and wants were taken into consideration?
a)Highly satisfied b) Satisfied c) Neutral/Undecided
18. How satisfied are you with the terms and condition of offer or appointment letter?
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e) Dissatisfied f) Highly dissatisfied
20. What you feel about induction given to you after your selection?
d) Highly satisfied b) Satisfied c) Neutral e) Dissatisfied f) Highly
dissatisfied
21. Does company conduct any medical examination during the selection process?
a)Highly satisfied b) Satisfied c) Neutral/Undecided
22. Are you satisfied with initial job offer proposed to you before giving the offer letter?
e) Highly satisfied b) Satisfied c) Neutral e) Dissatisfied
f) Highly dissatisfied
23. Do you agree that the present recruitment and selection procedures have fulfilled the below given
aspects?
Factors Highly Satisfied Neutral Dissatisfie Highly
Satisfied d Dissatisfied
Fulfillment of
organizational goals
(in terms of profit and
satisfaction towards
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Fulfillment of
personal and official
goals.
24. Were you been given sufficient time for accepting or rejecting the job offer?
a) Highly satisfied b) Satisfied c) Neutral/Undecided
25. According to you has company recruited efficient and qualitative candidates in your groups?
a)Highly satisfied b) Satisfied c) Neutral/Undecided
Bibliography
Books :-
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Ashwathapa, K, Human Resource Management, New DelhiTata McGraw Hill
3rd Edition
www.bajajallianzlife.co.in
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