Professional Documents
Culture Documents
19MC201034
19MC201034
Submitted by
NAMRATA TAMANG
(19MC201034)
Submitted to the
School of Management & Commerce
SRM University of Sikkim
5th mile, Tadong
Gangtok,Sikkim - 737102
1
DECLARATION
I Namrata Tamang hereby,declare that the project report entitled “RECRUITMENT AND
SELECTION PROCESS” submitted to SRM School of Management & Commerce in partial
fulfillment of the original research work done under the supervision and guidanance of
Mrs.Munmun Goshwani, School of Management & Commerce, SRM University,Sikkim and that
it has not formed the basis for the award of any degree/ associateship/ fellowship of other
similar title to any candidate of any university.
Date:
Place:
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BONAFIED CERTIFICATE
Certified that this project report titled ·'RECRUITMENT AND SELECTION PROCESS" is the
bonafied work of NAM RAT TA MANG ( I9MC20 I034) who carried out a project work under
my supervision.
Certified further, that to the best of my knowlwdge the work reported herein does not form part
of any other project report or dissertation on the basis of which a degree or award was conferred
on an earlier ocassion on this or any other candidate.
INTERNAL GUIDE
DEAN(ACADEMIC)
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ACKNOWLEDGEMENT
I also thankful to Macleods Pharmatucial Ltd. Fot their guidance and constant supervision as
well as for providing necessary information regarding the project & also for their support in
completing the project.
My thanks and appreciation also goes to my friends and other faculties of University in
developing the project and people who willingly helped me out with their abilities.
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ABSTRACT
Better recruitment and selection strategies result in improved organizational outcomes.
Recruitment and Selection has been prepared to put a light on Recruitment and Selection
process. The main objective is to identify general practices that organizations use to recruit and
select employees and, to determine how the recruitment and selection practices affect
organizational outcomes
Effective recruitment, selection and retention are critical organization success. They enable
companies to have performing employees who are satisfied with their jobs, thus contributing
positively to the organization.
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TABLE OF CONTENTS
I. INTRODUCTION
1.1 INTRODUCTION 11-12
1.2 INDUSTRY PROFILE 13
1.3 COMPANY PROFILE 15
1.4 PRODUCT PROFILE 16
1.5 OBJECTIVE OF THE 17
STUDY
1.6 NEED OF THE STUDY 18
1.7 SCOPE OF THE 19
STUDY
1.8 LIMITATIONS OF THE 21
STUDY
1.9 REVIEW OF 22-24
LITERATURE
II. RESEARCH
METHEDOLOGY
2.1 INTRODUCTION 26
2.2 RESEARCH DESIGN 27
2.3 DATA COLLECTION 28
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2.4 STATISTICAL DATA 29
IV. FINDINGS,
SUGGESTIONS,
RECOMMENDATION
4.1 FINDINGS 41
4.2 SUGGESTIONS 42
4.3 RECOMMENDATIONS 43
V. CONCLUSION 44
BIBLIOGRAPHY 45
APPENDIX 46-47
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EXECUTIVE SUMMARY
The assignment is prepared to explain the process of Recruitment & Selection Which involves
identifying and attracting the potential candidates from within and outside the organization and
evaluating them for future employment. Today’s tight labour in the market is making it more
difficult for organizations to find, recruit, and select talented people. The competition for talent is
intensifying, as there is a huge talent in the market. This makes it more important for the
organizations to effectively select and retain quality candidates. Better recruitment and selection
strategies result in improved organizational outcomes. The more effectively organizations recruit
and select candidates, the more likely they are to hire and retain satisfied employees. The study is
based on the process of Recruitment & Selection of the candidates on the basis of which they
will be utilizing their skills for the growth and functions of the organization.
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1.1 INTRODUCTION
Recruitment and Selection is the process of sourcing, screening, short listing and selecting the
right candidates for the filling the required vacant positions.
The scope of Recruitment and Selection is very wide and it consists of a variety of operations.
Resources are considered as most important asset to any organization. Hence, hiring right
resources is the most important aspect of Recruitment. Every company has its own pattern of
recruitment as per their recruitment policies and procedures.
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Dealing with the excess or shortage of resources
Preparing the Recruitment policy for different categories of employees
Analyzing the recruitment policies, processes, and procedures of the organization
Identifying the areas, where there could be a scope of improvement
Streamlining the hiring process with suitable recommendations
Choosing the best suitable process of recruitment for effective hiring of resources
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.
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1.2 INDUSTRY PROFILE
Company's authorized capital stands at Rs 2500.0 lakhs and has 79.84272% paid-up capital
which is Rs 1996.07 lakhs. Macleods Pharmaceuticals LTD last annual general meet (AGM)
happened on 29 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per
Ministryof Corporate Affairs (MCA).
Macleods Pharmaceuticals LTD is majorly in Manufacturing (Metals & Chemicals, and products
thereof) business from last 33 years and currently, company operations are active. Current board
members & directors are BANWARILAL MURLIDHAR BAWRI, GIRDHARILAL
MURLIDHAR BAWRI, RAJENDRA MURLIDHAR AGARWAL, VINAYAK VASUDEV
SHIRODKAR, RUCHI RAJENDRA AGARWAL, ASHOK ANANT MAHASHUR, MIHIR
BIPIN SHAH and SUVARNA DADABHAU GHOLAP.
CIN U24239MH1989PLC052049
Date of Incorporation 05 Jun, 1989
Status Active
Company Category Company limited by Shares
Company Sub-category Non-govt company
Company Class Public
Business Activity Manufacturing (Metals & Chemicals, and products thereof)
Authorized Capital 2500.0 lakhs
Paid-up Capital 1996.07 lakhs
Paid-up Capital % 79.84272
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Registrar Office City Mumbai
Registered State Maharashtra
Registration Number 52049
Registration Date 05 Jun, 1989
Listing Status Unlisted
AGM last held on 29 Sep, 2017
Balance Sheet last updated on 31 Mar, 2017
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1.3 COMPANY PROFILE
It offers dispersible, bi-layered, coated, uncoated, and enteric coated tables; hard and soft gelatin
capsules; dry powder injections and syrups; and granules and liquid orals. The company provide
products in various therapeutic groups, such as anti-infective, cardiovascular, CNS, respiratory
inhalation etc.
Macleods Pharmaceuticals Ltd's operating revenues range is Over INR 500 cr for the financial
year ending on 31 March, 2021. It's EBITDA has increased by 26.50 % over the previous year.
At the same time, it's book networth has increased by 27.20 %. Other performance and liquidity.
Products & Services: dispersible, bi-layered, coated, uncoated, and enteric coated tablets; hard
and soft gelatin capsules.
Category: Manufacturer.
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1.4 PRODUCT PROFILE
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1.5 OBJECTIVES OF THE STUDY
1. To make a study on the most preferably used recruiter source in the companies.
(internal\external) whether it is the case of junior, middle or senior level.
2. To understand the recruitment strategies followed by the companies.
3. To identinfy the types of interviews conducted by the companies.
4. To understand the steps of recruitment procedure followed by the companies.
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1.6 NEEDS OF THE STUDY
An effective recruitment and selection policy not only fulfills the requirements of a job but
also ensures that an organization will continue to maintain its commitment to providing equal
opportunity to employees. Adherence to such a policy will let you hire the best possible
candidates for your organization
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1.7 SCOPE OF THE STUDY
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1.8 LIMITATION OF THE STUDY
1. Process consumes a lot of time
Recruitment is a lengthy process, and the recruitment agency might take a lot of time to find the
correct candidates. A recruitment team isn’t helpful when you want a candidate to fill a vacant
position immediately.
2. Communication 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.
On the other hand, the company’s HR department is always there, so they can proactively search
according to the company’s need. They understand the business model in a better way as well.
Hiring a recruitment team for finding candidates for project work isn’t ideal since the person is
only going to work for a limited time. So, you will only have to bear the load of finding
employees on a temporary basis.
In such circumstances, the cost of operation goes higher than the benefits the company gets on
by making the hire.
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1.9 LITERATURE REVIEW
An appropriate literature review provide available literature. The general purpose of reviewing
the related study is to develop a through understanding and insight into the work already done
and areas left untouched. These studies also enable to search out many more related problems as
suggestions for the future research. It is presumed that the survey of such studies will make the
present investigation more direct and up to the point. So, the different studies investigation most
of the aspect on the subject published in the form of books, articles have been studied. The
important among these have been briefly reviewed as follows.
Successful recruitment techniques involve an incisive analysis of the job, the labour market
scenario/ conditions and interviews, and psychometric tests in order to find out the potentialities
of job seekers. Furthermore, small and medium sized enterprises lay their hands on interviews
and assessment with main concern related to job analysis, emotional intelligence in
inexperienced job seekers, and corporate social responsibility
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Work by Alan Price (2007)
Price (2007), in his work Human Resource Management in a Business Context, formally
defines recruitment and selection as the process of retrieving and attracting able applications
for the purpose of employment. He states that the process of recruitment is not a simple
selection process, while it needs management decision making and broad planning in order to
appoint the most appropriate manpower. There existing competition among business
enterprises for recruiting the most potential workers in on the pathway towards creating
innovations, with management decision making and employers attempting to hire only the
best applicants who would be the best fit for the corporate culture and ethics specific to the
company (Price 2007). This would reflect the fact that the management would particularly
shortlist able candidates who are well equipped with the requirements of the position they are
applying for, including team work. Since possessing qualities of being a team player would
be essential in any management position (Price 2007).
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(1996) suggests the managers need to develop HR practices that are more focused on training
in order to achieve competitive benefits.
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2.1 RESEARCH METHEDOLOGY
Research may be very broadly defined as systematic gathering of data and information
and its analysis for advancement of knowledge in any subject. Research attempts to find
answer intellectual and practical questions through application of systematic methods.
Webster’s Collegiate Dictionary defines research as "studious inquiry or examination;
esp: investigation or experimentation aimed at the discovery and interpretation of facts,
revision of accepted theories or laws in the light of new facts, or practical application of
such new or revised theories or laws". Some people consider research as a movement, a
movement from the known to the unknown. It is actually a voyage of discovery. We all
possess the vital instinct of inquisitiveness for, when the unknown confronts us, we
wonder and our inquisitiveness makes us probe and attain full and fuller understanding of
the unknown. This inquisitiveness is the mother of all knowledge and the method, which
man employs for obtaining the knowledge of whatever the unknown, can be termed as
research.
Research is, thus, an original contribution to the existing stock of knowledge making for
its advancement. It is the pursuit of truth with the help of study, observation, comparison
and experiment. In short, the search for knowledge through objective and systematic
method of finding solution to a problem is research. The systematic approach concerning
generalization and the formulation of a theory is also research.
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2.2 RESEARCH DESIGN
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2.3 DATA COLLECTION
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2.4 SATISTICAL TOOLS
The statistical tool that has been used in that project is the data collected through
questionnaire and the interpretation through MS Excel by making pie charts.
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3.1 DATA ANALYSIS / INTERPRETATION
Since how many years have you been working with this organization?
INTERPRETATION
From the above chart we can interpret that between 0-5 years 40% of an employees have
been working, between 5-10years 20% of an employee have been working, between 10-
15years only 10% of an employee working and rest the 30% of an employee have been
working from more than 15 years.
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Is the organization doing timeless recruitment and selection process?
INTERPRETATION
From the above chart we can interpret that 80% of an employee says yes in doing
timeless recruitment and selection process whereas, 20% of an employee not.
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Does HR provides an adequate pool of quality applicants?
INTERPRETATION
from the above chart we can interpret that 70% of an employees believe that HR provides
an adequate pool of quality applicant.
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Rate the effectiveness of the interviewing process and other selection
instruments such as testing?
INTERPRETATION
From the above chart we can interpret that only 0% of the employees has rate the
effectiveness of the interviewing process and other selection instruments such as testing,
and 20% of the employees respectively. The majority of 80% of an employees has rated
excellent for the effectiveness of the interviewing process.
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Does HR train hiring employees to marks the best hiring decisions?
INTERPRETATION
From the above chart we can interpret that the entire employees agrees that the HR htrain
hiring employees to mark the best hiring decision.
35
How would you rate the HR department performance in recruitment and
selection?
INTERPRETATION
From the above chart we can interpret that only 10% of the employees rate the
HR department performance in recruitment and selection.
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Does the HR department is efficient in selection policy of the employee?
INTERPRETATION
From the above chart we can interpret that the all employees satisfied in the efficient in
the selection policy of the employee.
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Does organization clearly define the position object, requirement and
candidate specific in the recruitment process?
INTERPRETATION
From the above chart we can interpret that all the employees in the company agrees that
the organization clearly defines its objects and requirement for processing the recruitment
and selection process.
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How well are the organization affirmative action needs clarified and
supported in the selection process?
INTERPRETATION
From the above chart we can interpret that the 40% of the employees thinks that the
company is not provided an affirmative action in order to support in the selection process.
And 40% and 30% of an employees thinks its excellent.
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What kind of interviews is done here in order to recruit and select candidate.
INTERPRETATION
From the above chart we can interpret that all kind is interview conducted in order to
select the best candidate for the organization.
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4 . FINDINGS, SUGGESTIONS,RECOMMENDATION
4.1 FINDINGS
The majority of people in macleoads have been working from more than 15
years.
Candidates are getting job through their qualification .
The company take various kind of interview in order to select candidates for their
organization such as, personal interviews, group discussion etc.
The company also provide work from home facilities.
The employees has been provided various benefits such as, job training, free
transport, health insurance, soft skills, cafeteria ,child care, international
relocation.
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4.2 SUGGESTIONS
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4.3 RECOMMENDATION
Experienced as well as those from diverse background may be considered, to avail the
innovation and enthusiasm of new candidates.
Candidate may be asked to demonstrate their skills and knowledge through some kind of
mock drills, especially for critical roles.
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5.1CONCLUSION
As I have come to the end of my study I had the following experiences while conducting this
study.
It was a very enlightening experience for me as I got to learn new things through this
study.
Various visit to the companies and ample interaction with the employees has broaden my
horizon and taught me as how the HR how the recruitment and selection processes made.
An effective recruitment and selection process reduces turnover, The recruitment and selection
process is the time we not only identify a candidate who has the experience and aptitude to do
the job that the organization are looking to fill, but also to find someone who shares and
endorses company’s core values. The candidate will need to fit in well within the company’s
culture. The selection and recruitment process should provide our company with an employee
who adapts and works well with others in company’s business.
The project study entitled “recruitment and selection process” has been carried out with special
reference to Macleods Pharmaceutical pvt.ltd. the sample questionnaire was distributed to the
employees indicate the positive result. However, the maximum employees are satisfied with the
recruitment and selection process.
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5.2 BIBLIOGRAPHY
indeed.com
ambitious.com
Wikipedia.org
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5.3APPENDIX
QUESTIONNAIRE
Since how many years have you been working with this organization?
a) 0-5 years
b) 5-10 years
c) 10-15 years
a) Yes
b) No
a) Yes
b) No
Rate the effectiveness of the interviewing process and other selection instrument such as
testing?
a) Poor
b) Adequate
c) Excellent
Does the HR train hiring employees to make the best hiring decisions?
a) Yes
b) No
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How would you rate the HR department performance in recruitment and selection?
a) Poor
b) Adequate
c) Excellent
a) Yes
b) No
Does organization clearly define the position object, requirement and candidate
specification in the recruitment process?
a) Yes
b) No
How well are the organization action needs clarified and supported in the selection
process?
a) Poor
b) Adequate
c) Excellent
What kind of interview is done here in order to recruit and select the best candidate?
a) Personal interview
b) Group discussion
c) Online
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