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Summer Training Report On Talent Acquisition
Summer Training Report On Talent Acquisition
PARTIALFULFILLMENT
OF
BACHELOR OF BUSINESS ADMINISTRATION
Submitted By:
SHUBHAM SONI
Enrollment No.: Batch:2020-2023
This is to certify that the project work Talent Acquisition made by SHUBHAM
SONI, 08724001720 is an authentic work carried out by her under guidance and
supervision of Dr Shikha Patheja.
The project report submitted has been found satisfactory for the partial
fulfillment of the degree of Bachelor of Business Administration.
Internal Supervisor
Signature
Name
ACKNOWLEDGEMENT
They have provided me with the valuable guidance, sustained efforts and friendly
approach. It would have been difficult to achieve the results in such a short span
of time without their help.
4. Findings 43-44
5. Limitations
45-46
6. Suggestions & Recommendations 47-48
7. Conclusion 49-50
8. Bibliography 51-52
9. Annexures 53-56
Chapter-1
Cox & Kings is the longest established travel company in the world. Its India
operations are headquartered in Mumbai and have the status of a limited company. It
has over 12 fully owned offices in India across key cities such as New Delhi, Chennai,
Bangalore, Kolkata, Ahmedabad, Kochi, Hyderabad, Pune, Goa, Nagpur, and Jaipur.
3. Mahindra Holidays & Resorts India Ltd
Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and
Hospitality sector of the Mahindra Group, offers quality family holidays primarily
through vacation ownership memberships and brings to the industry values such as
reliability, trust and customer satisfaction.
4. MakeMyTrip
MakeMyTrip is a pioneer in India’s online travel industry. Founded in the year
2000 by Deep Kalra, MakeMyTrip came to life to empower the Indian traveler with
instant bookings and comprehensive choices.
5. Yatra -
Yatra Online Pvt Ltd based in Gurgaon India is one of India’s leading online travel
companies and operates the website Yatra.com. The Company is ranked 5th in the list
of Top 10 Travel Companies in India.
7. Goibibo
Goibibo is the largest online hotel booking engine in India and also one of the leading
air aggregators. Goibibo is also the number one ranked mobile app under the travel
category.
8. Expedia
Expedia is one of the fastest growing online travel portals in Asia, offering
travellers an extensive selection of hotels, activities and travel services to meet every
budget and activities of every kind at competitive rates.
9. TravelGuru
Travelguru is India’s leading travel website, offering you the best prices on flights,
hotels and holiday packages across India and the world.
TBO is a global platform that aims to simplify all buying and selling travel
needs of travel partners across the world. The proprietary technology platform
aims to simplify the demands of the complex world of global travel by
seamlessly connecting the highly distributed travel buyers and travel suppliers
at scale.
The TBO journey began in 2006 with a simple goal – to address the evolving
needs of travel buyers and suppliers, and what started off as a single product air
ticketing company, has today become the leading B2A (Business to Agents)
travel portal across the Americas, UK & Europe, Africa, Middle East, India, and
Asia Pacific.
Today, TBO’s product range from air, hotels, rail, holiday packages, car rentals,
transfers, sightseeing, cruise, and cargo. Apart from these products, our
proprietary platform relies heavily on AI/ML to offer unique listings and
products, meeting specific requirements put forth by customers, thus increasing
conversions.
Talent Acquisition would be a newly coined terminology for many of us but it’s not
new for the HR practitioners.
Talent acquisition, as defined by Deloitte, is “a strategic approach to identifying,
attracting and on boarding top talent to efficiently and effectively meet dynamic
business needs. There is always a huge potential for highly talented resource globally
and acquiring such talent has always been a challenging task for practitioners. As
companies increasingly compete on the basis of talent, their success will largely hinge
on their ability to recruit, develop, deploy and retain skilled people at every level —
from production employees and technicians to scientists and engineers to middle
managers and executive leaders.
Because of this critical issue, companies have started formulating strategies and
techniques for acquiring Talents. Hence it becomes critical for understanding different
Talent Acquisition strategies across globe and understands its implications.
While the goal of traditional recruitment is to get people in the door as quickly and as
cost-effectively as possible, the goal of truly strategic talent acquisition is to drive
business outcomes.
Talent is the primordial asset that enables the success of any organization. Without
extraordinary talent, a business can't:
Talent acquisition is the process of finding and acquiring skilled human labor for
organizational needs and to meet any labor requirement. When used in the context of
the recruiting and HR profession, talent acquisition usually refers to the talent
acquisition department or team within the Human Resources department. The talent
acquisition team within a company is responsible for finding, acquiring, assessing, and
hiring candidates to fill roles that are required to meet company goals and fill project
requirements.
Within each of these core elements of TA are many other sub-activities and best
practices. And, of course, the selection of tools, technology and outsourcing partners
is a key element of a company’s talent acquisition strategy.
Recruiting is what many people want to dive into; however, that is what we call
putting the cart before the horse. The elements listed above are necessary for doing
recruiting well. To use an analogy - the design and implementation of leadership
programs is only a piece of a leadership development strategy, following an
understanding of business goals, defining leadership competencies, and integrating
with other talent management process. In other words, a leadership program is to
leadership development what recruiting is to talent acquisition. Alone, neither will
drive their highest value to the business.
To meet business growth, talent acquisition strategy must continue to expand beyond
a tactical, reactive function to a proactive, streamlined approached. Doing so will
enable them to source, assess, select, hire, and onboard the best candidates in this
competitive environment.
Organizations need to get the right people on the bus and in the right seats to
succeed.”Good coaching, training, mentoring, etc. is not likely to make up for bad
selection.””Hire hard..Manage easy!”
The term Talent Acquisition (TA) is often used synonymously with Recruiting.
However, these are two very different things. Recruiting is a subset of TA, and
includes the activities of sourcing, screening, interviewing, assessing, selecting and
hiring. In some organizations this extends to the early stages of on boarding, which
then becomes a shared responsibility between HR and the hiring manager, with
support from the learning organization.
Recruitment is the process by which organizations locate and attract individuals to fill
job vacancies. Most organizations have a continuing need to recruit new employees to
replace those who leave or are promoted in order to acquire new skills and promote
organizational growth. Recruitment follows HR planning and goes hand in hand with
selection process by which organizations evaluate the suitability of candidates. With
successful recruiting to create a sizeable pool of candidates, even the most accurate
selection system is of little use
Recruiting begins when a vacancy occurs and the recruiter receives authorization to
fill it. It is a good idea for any organization to plan its labor force requirements.
Recruiting people who are wrong for organization can lead to increased labour
turnover, increased cost for the organization, and lowering of morale in the existing
workforce.
The recruitment process begins when you know you need someone new in the
Department, either because an existing staff member has left, or because there is new
work to be done. It doesn’t finish until after the appointment has been made.
Recruitment Planning
Strategy Development
Searching
Screening
Evaluation and Control
According to Edwin B. Flippo, “It is a process of searching for prospective
employees and stimulating and encouraging them to apply for jobs in an
organisation.” He further elaborates it, terming it both negative and positive.
(Environment)
(Internal Resources)
People are integral part of an organization today. No organization can run without its
human resource. In today’s highly complex and competitive situation, choice of right
person at the right place at the right time has far implications for an organization’s
functioning. An employee well selected and well placed would not only contribute to
the efficient running of the organization but also offer significant potential for future
replacement. Thus hiring is an important function. The process of hiring begins with
human resource planning which helps to determine the number and type of people an
organization needs. Job analysis and job design enables to specify the task and duties
of jobs and qualifications expected from prospective job. HRP, job analysis and job
design helps to identify the kind of people required in an organization and hence
hiring. It should be noted that hiring is an ongoing process and not confined to
formative stages of an organization. Employees leave the organization in search of
greener pastures, some retire and some die in the saddle. More importantly an
enterprise grows, diversifies, take over the other units until all necessitating hiring of
new men and women. In fact the hiring function stops only when the organization
ceases to exist.
In-Sourcing:- Companies recruit the candidates and, employ them, train and develop
them and utilize the human resources of these candidates. This strategy is called In-
sourcing.
Companies formulate and implement this strategy when the corporate strategy is
stable.
Out sourcing: Some service companies depend for their human resources on such
external organization whose core business is to provide human resources. This
strategy is called Out-sourcing. Out-sourcing strategy is more suitable for both the fast
growing and diversifying companies.
According to David A De Cenzo The recruitment needs are of three types which are
as follow:
(a) First one is Planned Needs: These are the needs that arise from the
the organization and retirement policy creating vacancy for new jobs.
(b).Second one is Anticipated Needs: These are those movements in personal which
an organization can predict by studying trends both in external as well as internal
environment.
(c) Last one is Unexpected Needs: These needs arise due to various reasons like
deaths, resignations, accidents, illness, relocation etc. (Cenzo)
Offers tolls and support to enhance productivity, solutions and optimizing the
recruitment processes to ensure improved ROI. Recruitment management system
helps to communicate and create healthy relationships with the candidates through the
entire recruitment process. The Recruitment Management System (RMS) is an
innovative information system tool which helps to save the time and costs of the
recruiters and improving the recruitment processes.
There are various methods of recruitment but mainly there are two:-
• Internal Recruitment
• External Recruitment
Internal Recruitment:-
Internal recruitment is when the business looks to fill the vacancy from within
its existing workforce.
Best type of employees can be found within the organization. When a vacancy arises
in the organization it may be given to an employee who is already on payroll.
Transfers: Transfer means a change in the place of employment without any change in
the position, status, salary and responsibility of the employee. So, the vacancy can be
filled by transferring a suitable candidate from the same organization.
Internal Advertisements: Here, the vacancy is advertised within the organization. The
existing employees are asked to apply for the vacancy. So, recruitment is done from
within the organization.
Retired Managers: Sometimes, retired managers may be recalled for a short period.
This is done when the organization cannot find a suitable candidate.
Employ Referrals:-
It prevents new blood from entering the organisation. New blood brings
innovative ideas, fresh thinking and dynamism into the organisation.
It has limited scope because it is not possible to fill up all types of vacancies
from within the organisation.
The position of the person who is promoted or transferred will be vacant.
There may be bias or partiality in promoting or transferring persons from
within the organisation.
Those who are not promoted will be unhappy.
The right person may be promoted or transferred only if proper confidential
reports of all employees are maintained. This involves a lot of time, money and
energy.
External Recruitment:-
External recruitment is when the business looks to fill the vacancy from any
suitable applicant outside the business.
Recruitment Process:-
Literature Review
Most employers recognized the fact that there staff is there greatest asset, and the right
recruitment and induction processes are vital in ensuring that the new employee
becomes effective in the shortest time. The success of an organisation depends on
having the right no. of staff, with the right skills and abilities. Organisations may have
dedicated personnel/human resource function over seeing this process or they may
devolve these responsibilities to line manager and supervisor. Many people may be
involve, and all should be aware of the principles of good practice. Even it is essential
to involve others in the task of recruitment and selection.
According to Robins, in his study revealed that, “the ideal recruitment effort will
attract a large numbers of qualified applicants who will take the job if it is offered. So
recruiting is a process of discovering the potential candidates for actual organizational
vacancies”.
Online recruitment negatively impacts the process of recruiting due to the lack of
knowledge from older people of the internet. In addition to that, it could result in an
increased number unfitted candidates. (CIPD, 2009a from Foot, M. and Hook, C.,
2011)
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).
carless and Wintle (2007) stated that during the recruiting process it is crucial for
businesses to have job descriptions when adverting jobs and during the interview so
applicants know what the job entails
CHAPTER-2
RESEARCH OBJECTIVES AND
METHODOLOGY
Objectives of the Study
TYPE OF RESEARCH
EXPLORATORY RESEARCH
A research design is the specification of methods and procedures for acquiring the
information needed to structure or solve the problem. It is the overall operational
pattern or framework of the project that stimulates what information is to be collected
from which source and by what procedure. On the basis of major purpose of our
investigation the EXPLORATORY RESEARCH was found to be most suitable. This
kind of research has the primary objective of development of insights into the
problem. It studies the main area where the problem lies and also tries to evaluate
some appropriate courses of action.
Data Collection:-
The task of data collection begins after a research problem has been identified and the
research design has been chalked out. While deciding the method of data collection to
be used for the study, the researcher should keep in mind two types of data:
a. Primary data
b. Secondary data
The data has been collected both from primary and secondary sources.
Primary Data:-
Primary Data was collected from 30 hiring managers through survey method and by
keeping a track of recruitments that were held in the last Two Months at Travel
Boutique Online.
A questionnaire was distributed among various hiring managers to collect data about
recruitment.
The questionnaire was carefully designed taking into account parameters of the study.
Secondary Data:-
It was collected from websites, books, and journals and through company’s records.
Tools Used:-
Microsoft Excel, Various types of Charts, , Questionnaires.
Sampling:-
SAMPLING TECHNIQUE
SIMPLE SAMPLING
Simple sampling is a sampling process that utilizes some form of random selection. In
probability sampling, each unit is drawn with known probability, or has a nonzero
chance of being selected in the sample. Such samples are usually selected with the
help of random numbers. With probability sampling, a measure of sampling variation
can be obtained objectively from the sample itself. Simple Random sampling has been
adopted for this research. Under which we have considered the sampling which has
been done for a specific designated population, because here a small cluster of
professionals has been considered out of the total universe which has been divided in
small group like recruitment team & employee.
SAMPLE SIZE
Sample size refers to the number of items to be selected from universe to constitute a
sample. The sample size should be optimum as it should fulfill the objective of the
research.
100 Nos.- Total manpower strength is 450 and I have focused upon 20% of total
employees of TBO.
SAMPLE AREA
The sample area refers to the universe to be studied under our research project. The
area denotes the place or the region to be studied and taken into research
consideration. Thus, the sample area chosen for this research project is Travel
Boutique Online, Gurugram.
CHAPTER-3
DATA PROCESSING, ANALYSIS
AND INTERPRETATION
1. What type of Interview do you prefer? Check all that apply.
INTERPRETATION:-
INTERPRETATION:-
According to the analysis the most asked question is current and expected CTC
and about Family Background followed by previous organisation. None of them
is skipped.
3. Do you follow different recruitment methods for different positions?
Mark only one .
INTERPRETATION:-
75% employees prefer different methods of recruitment according to the
vacancy. This clearly shows how dynamic the process of recruitment is.
4. Are you happy with the salary what you offered by the company?
INTERPRETATION:-
The basic focus of every organization is to satisfy the employees with its own
compensation plan. In this research most employees responded positively that
they are satisfied with their salary. They feel that the company has good
compensation plan for their employees.
Analysis clearly represents that 55.2% show that maximum employees are
satisfied with their Salary 6.3% did not like their current salary whereas 38.5%
were unable to answer.
5. How do you track the source of candidates? Check all that apply.
INTERPRETATION:-
From the analysis, 57% mangers track the source of candidates through
online,17% managers track through data and the rest through software and data
both .
6. What source you prefer to source the candidates? Check all that apply.
INTERPRETATION:-
From the analysis, 57% managers use job portals as the most preferred source of
recruitment by logging in from their company’s ID.
7.Which internal source of recruitment is followed by the company and given
more priority?
INTERPRETATION:-
Internal Recruitment seeks applicants for positions from those who are currently employed.
Responding to above asked question, 33% employees tell that company prefers internal
promotion as internal source of recruitments. 49% employees tell that Employee referrals are
given due priority and rest 9% say that Job posting is preferred.
8. Which is the most suitable Recruitment method for your Organisation?
Check all that apply.
INTERPRETATION:-
From the analysis,50% of employees thinks Internal source is most
suiable ,34% thinks external is most suitable and 16% thinks both internal and
external is most suitable recruitment method for the organisation .
9. What is the average time spent on interview? Check all that apply.
INTERPRETATION:-
By the analysis, The average time spent on interview is more than 10 minutes
for almost 60% respondents.
10. Are the roles and responsibilities of a particular position clearly defined ?
Check all that apply.
INTERPRETATION:-
The Job Description for every particular position is clear and 85 percent of the
hiring managers makes the requirement for the job clear.
11. Is there a well-defined recruitment policy in your organization?
INTERPRETATION:-
An organization must have a well-defined recruitment policy corresponding to
the company and vacancy requirements. Existing employees can give a fair
feedback on the suitability of the policy. Responding to it 50 told that there is a
sound recruitment policy in organization that can be evaluated by comparing
skills and knowledge of new recruits and existing employees. 18% feel that the
organization’s recruitment policy is not properly defined. And rest 33% could
not say about the recruitment policy. Majority of employees felt that policy was
well defined which is a great morale victory on the part of management; still
there are chances of its improvement .
12.Are the candidates made aware of their roles and responsibilities during inter
view? Check all that apply.
INTERPRETATION:-
92% make the candidates well aware of the responsibilities they need to fulfill
while on the job.
CHAPTER-4
FINDINGS
Talent Acquisition is not an easy process. Much efforts are needed to find
the right candidates who not only fill the current positions, but also the
the future.
sites for the recruitment process and for searching talented candidates.
It can be said that the best yield ratio is from In house recruitment.
They can be kept on temporary basis so that if any position is does not get
contacted.
Certain factors may not be taken into consideration due to which the the
given a chance to rejoin as they know the company well and can give
Company should not look to fill current positions but they should keep in
mind the future aspects and should hire people who are talented enough
Travel Boutique Online has competent and committed workforce, still there are scope for
more improvements. To ensure that company recruits the right people, it has to identify
essential skills and behaviours that applicants should demonstrate. For each position there
should be a job description outlining typical duties and responsibilities and a person
specification defining personal skills and competences. The emphasis should be on matching
the needs of the company to the needs of the applicants. This would minimize employee
turnover and enhance satisfaction.
It is important for the company to have a clear and concise recruitment policy in place, which
can be executed effectively to recruit the best talent pool for the selection of the right
candidate at the right place quickly. Creating a suitable recruitment policy is the first step in
the efficient hiring process. A clear and concise recruitment policy helps ensure a sound
recruitment process.
Management should structure and systematically organize the entire recruitment processes. It
should Offer tolls and supports to enhance productivity, solutions and optimizing the
recruitment processes to ensure improved ROI. The Recruitment Management System (RMS)
should be such that it helps to save the time and costs of the HR recruiters in company and
improving the recruitment processes.
CHAPTER-8
BIBLIOGRAPHY
https://www.wikipedia.org/
https://indiancompanies.in/top-travel-companies-india/
https://www.tbo.com/about-us
http://searchfinancialapplications.techtarget.com
http://www2.deloitte.com
https://www.slideshare.net/
CHAPTER-9
ANNEXURES
Questionnaire on Recruitment Process
1. What type of Interview do you prefer? Check all that apply.
a) Telephonic
b) Face to Face
c) Video Conferencing
d) Other
2. What are the basic questions that you ask during Interview?
Check all that apply.
a) Family Background
b) Previous Organization
c) Notice Period
d) Current and expected CTC
3. Do you follow different recruitment methods for different positions?
Mark only one .
a) Yes
b) No
4. Are you happy with the salary what you offered by the company?
a)Yes
b)No
c)Can’t say
5. How do you track the source of candidates? Check all that apply.
a) Software
b) Online
c) Data
6. What source you prefer to source the candidates? Check all that apply.
a) Referrals Advertising
b) Job Portals
c) Consultants
7.Which internal source of recruitment is followed by the company and given
more priority?
a) Internal Recruitment
b) Employee Referrals
c)Transfer
d)Job Posting
8. Which is the most suitable Recruitment method for your Organisation?
Check all that apply.
a) Internal
b) External
9. What is the average time spent on interview? Check all that apply.
a) Less than 10 minutes
b) More than 10 minutes
10. Are the roles and responsibilities of a particular position clearly defined ?
Check all that apply.
a) Yes
b) No
a) Strongly Agree
b) Moderately Agree
c) Strongly Disagree
d) Moderately Disagree
e) Can’t Say
12. Are the candidates made aware of their roles and responsibilities during inter
view? Check all that apply.
a) Yes
b) No