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Summer Training Project Report 1
Summer Training Project Report 1
ON
SELECTION RECRUITMENT
(Session: 2009-2010)
Co-Guidanceof: submitted by:
Mrs. Shilpa Goel Arun Kumar POOJA JOGU
H.O.D(Mgt.Dept.) Roll No:
ACKNOWLEDGEMENT
Any accomplishment requires the effort of many people and this work
is no different. Ithas been my proud privilege to be attached to ICICI
BANK LTD.., a highly professional bank with modern outlook.
Any accomplishment requires the effort of many people and this work
is no different. Ithas been my proud privilege to be attached to ICICI
BANK LTD.., a highly professional bank with modern outlook.With due
respect I express my indebtness to the management of ICICI BANK LTD.
for accommodating me as a summer trainee.
I would also thankful to almighty god for his grace and mercy
to successfully complet ethis project.
POOJA JOGU
PREFACE
In our two year s degree program of B.B.A. of there¶s provision for
doing summer training, after II semester. The essential pur pose of
this project is to given an exposureand detailed outlook to the student
of the practical concept, which they already studiedresear ch. For
this purpose, I was assigned the project for the ³RECRUITMENT
ANDSELECTION´ in Icici Bank Ltd. It is a matter of
great privilege to get training fromICICI, one of the largest organizations
of its kind
The project lasted for a period of eight weeks; it was infor mative,
interesting andinspiring.
I hope this report will provide an exper iment outlook to the dynamic
Functioning in theHR Department in bank.
TABLE OF CONTENT
Contents pageno:
I. LIST OF TABLES
II. LIST OF FIGURES
CHAPTER 1: INTRODUCTION
_
OBEJECTIVE OF STUDY
_
SCOPE OF THE STUDY
_
SOURCES OF DATA COLLECTION
_
RESEARCH METHODOLOGY
_
RESEARCH DESIGN
_
C H A P T E R 2 : R E V I E W O F LITERATURE
_
CHAPTER 3: COMPANY PROFILE
_
CHAPTER 4: DATA ANALYSIS & INTERPRETATION
_
DATA ANALYSIS WITH QUESTIONNAIRES
_
INTERPRETATION
CHAPTER5: CONCLUSION & RECOMMENDATIONS
L I M I T A T I O N O F T H E STUDY
CONCLUSION
RECOMMENDATIONS
BIBLIOGRAPHY
CHAPTER 1
INTRODUCTION
O B E J E C T I V E O F STUDY
S C O P E O F T H E STUDY
RESEARCHMETHODOLOGY
_
S O U R C E S O F D A T A CO
LLECTION
_
RESEARCHDESIGN
OBJECTTIVE:
The objective of my study is to understand and critically analyze the
recruitment andselection procedur e at I cici bank ltd.
1. To know the prospect or r ecruitment and selection procedure.
2. To critically analyze the functioning of recruitment and selection
procedures.
3. To identify the probable area of improvement to make recruitment
and selection procedures and more effective.
4. To know the manager ial satisfaction level about recruitment and
selection procedure.
S C O P E O F STUDY
THE benefits of the study for the researcher is that it helped to gain
knowledge and experienceand also provided the provided the
opportunity to study and understand the prevalentrecruitment and
selection procedures.
The key points of my research study are:-
1. To study the facts about the icici bank ltd As a group.
2. To understand and analyze various H.R. factors including recruitment
andselection procedure at icici bank ltd.
3. To suggest any measures / recommendations for the improvement of
therecruitment procedure.
RESEARCH METHODOLOGY
The Research
Research is a ³careful investigation or inquiry specially through search
for newfacts in any branch of knowledge.´The project is a systematic
presentation consisting of the enunciated problem,formulated
hypothesis, collected facts or data, analyzed facts and proposed
conclusions inform of recommendations.
Kind of Research
Exploratory research
DataCollection
The data for the survey will be conducted from both Primaries
as well as Secondary sources
Primary Data: -
Using personal interview technique the sur vey the data will collect by
usingquestionnaire. The primary data collection for his purpose is
supposed to be done by judgment sampling conversation sampling.
Questionnaire has been formatted with bothopen and close structure
questions.
Secondary Data: -
_ By going through various records.
_ By going through the magazine of the bank.
Primary Data: -
Using personal interview technique the sur vey the data will collect by
usingquestionnaire. The primary data collection for his purpose is
supposed to be done by judgment sampling conversation sampling.
Questionnaire has been formatted with bothopen and close structure
questions.
Secondary Data: -
_ By going through various records.
_ By going through the magazine of the bank.
RESEARCH DESIGN
Research Design:-
A research design is the specification of methods and procedure for
acquiring theinfor mation needed to structure or to solve problems. It is
the overall operation pattern or framework of the project that
stipulates what information is to be collected from whichsource, and be
what procedures.
CHAPTER 2:
_
_
R E V I E W O F LITERATU
RE
.
REVIEWOFRECRUITMENT AND SELECTION
Most employers recognise the fact that their staff are their greatest asset,
and the right recruitment and induction processes are vital in ensur ing
that the new employee becomeseffective in the shortest time. The
success of an organisation depends on having the r ightnumber of staff,
with the right skills and abilities. Organisations may have a
dedicated personnel/human r esource function overseeing this process,
or they may devolve theseresponsibilities to line managers and
supervisors. Many people may be involved, and allshould be aware of
the principles of good practice. Even it is essential to involve other s
inthe task of recruitment and induction.
MANPOWER PLANNING
MEANING
Recruit staff members who are compatible with the college or university
environment and culture.
- Companies must locate the areas where they can findemployees who fit
the jobs according to their skills. _
Economic Condition: ±
Importance of Recruitment
Recruiting people who are wrong for the organisation can lead to
increased labour turnover, increased costs for the organisation, and
lowering of morale in the existingworkforce. Such people are likely to
be discontented, unlikely to give of their best, andend up leaving
voluntarily or involuntarily when their unsuitability becomes
evident.They will not offer the flexibility and commitment that many
organisations seek.Managers and super visors will have to spend extra
time on further recruitment exercises,when what is needed in the first
place is a systematic process to assess the role to befilled, and the type of
skills and Most recruitment systems will be simple, with stages thatcan
be followed as a routine whenever there is a vacancy to be filled, and
which can bemonitored and adapted in the light of experience.
This booklet descr ibes the main features of such systems, and
other related issues.Systems should be:
efficient - cost effective in methods and sources
identification of the best fitted for the job and the organisation
fair - ensur ing that right through the process decisions are made on mer
it alone.
PROCESS OF RECRUITMENT
Recruitment Process
A vacancy presents an opportunity to consider restructuring, or
to reassess therequir ements of the job. This assessment is valid
whether it is to fill an existing job or anew one. Ask questions such as:
have work patterns, new technology or new products altered the job?
are there any changes anticipated which will require different, more
flexible skills from the jobholder?
:-If everything is being done to impr ove per formance and still there is
a gap betweenwhat the cur rent performance is and the goals set, then
the best way is to recruit more people.
_ Position: The job title, its position in the hierarchy and for whom it isr
esponsible ought to be recorded. A sample or ganization chart may be
useful for this purpose.
_ Main Duties: A list of key tasks may be written out; standards that
need to bereached and maintained must also be maintained. Methods of
recording, assessingand recording the key tasks must be determined.
Internal Sources
External Sources
1. The enterpr ise can make the best selection since selection is made
from among alarge number of applicants.
2. Ther e is a greater decoration in employer- employee relationship,
resulting inindustr ial strikes, unr est, and lockouts.
3. The personnel¶s selected from outside may suffer from the danger
of adjustmentto the new work environment.
Application forms
_
they provide t he basis for an initial sift (filter)
, and then for the interview
_ the standard of completion can be a guide to the candidate's suitability,
if writing and presentation skills are essential to the job; however, be
aware of the possibility of disability discrimination
_ they provide a record of qualifications, abilities and exper ience as
stated bythe applicant.
Care also needs to be taken over some less positive aspects of
application forms:
there is a temptation to use application for ms to try to extract too much
information, eg motives, values and personality character istics. The
form shouldconcentrate on the exper ience, knowledge and
competencies needed for the job
some people may dislike filling in forms and so be put off applying for
the job. Some ver y experienced people may find the for m inadequate,
whilst those withlittle in the way of qualifications or experience may be
intimidated by large emptyspaces on the form.
application for ms add another stage, and therefore more time, to the recr
uitment process. Some candidates may be lost if they can obtain work
elsewhere more quickly
Any information such as title (mar ital status), ethnic origin or date of
birth requestedfor monitoring purposes (eg for compliance with the legal
requirements and codes of practice on race, sex, disability and age
discrimination) should be clear ly shown to befor this purpose only, and
should be on a separate sheet or tear-off section. Suchinfor mation need
only be provided on a voluntary basis. Medical infor mation should also
be obtained separately and kept separate from the application form.
M E T H O D S O F RECRUITMENT
All methods of recruitment can be put into three categories:
a) Direct method
b) Indirect method
b) Third-party method
a) Direct Method:
These include the campus interview and keeping a live register of job
seekers. Usuallyunder this method, information about jobs and profile
of persons available for jobs is exchanged and preliminar y screening is
done. The short listed candidates are thensubjected to the remainder of
the selection process. Some organization maintains liveregisters or
record of applicants and refers to them as and when the need arises.
b) Indirect Method:
Various agencies ar e used for recr uitment under these methods. These
include commercialand pr ivate employment agencies, state
agencies, and placement offices of schools,colleges and professional
associations, recruiting firms, management consulting
firms,indoctrination seminars for college pr ofessors, friends and
relatives.
Employment Agencies:
They are specializing in specific occupation like general office help,
salesman,technical wor kers, accountants, computer staff, engineers and
executives and suitable
persons available for a job. Because of their specialization, they can inte
rpret theneeds of their clients and seek out particular types of persons.
Trade Unions:
Selection process assumes and rightly so, that there are more number
of candidate actually selected candidates are made available through
recruitment process.
B A R R I E R S T O E F F E C T I V E SELECTION
Fairness:
Reliability:
Pressure:
SELECTION PROCEDURE
_ Preliminar Screening
_ Application Blank
_ Employment Tests
_ Selection Interview
_ Medical or Physical Examination
_ Checking Reference
_ Final Approval
Preliminary Screening:
Application Blank:
The candidates are required to give full information about their age,
qualification,exper ience, family background, aptitude and interests
act in the application blank. Theapplication blank provides a written
recor d about the candidate. The application for mshould be designed to
obtain all relevant information about the candidates. All applications
received from the candidates are carefully scrutinized. After
thescrutiny more suitable candidates among the applicants are short-
listed for written testsand others are rejected.
Employment Tests:
Candidates are asked to appear for written or other tests. Tests have
become popular screening devices. These
tests are based on the assumption that human tr aits and work behaviors
can be predicted by sampling, however tests are not fully reliable and
they alsoinvolve time and money. Test is more useful in identifying and
eliminating unsuitablecandidates therefore should be used only as
supplements rather than an independenttechnique of selection.
The main types of tests are:
_ Intelligence tests
_ Aptitude Test
_ Interest Test
_ Personality Test
Selection Interview:
Candidates who are found suitable after interview are called for physical
examination. APanel of doctors to insure that they are healthy and
physically fit for the job does amedical check-up of such candidates. A
proper medical examination will also ensur e thatthe candidates selected
do not suffer from any serious desirous which may cr eate problems in
futur e.
Candidates who are found suitable after interview are called for physical
examination. APanel of doctors to insure that they are healthy and
physically fit for the job does a medical check-up of such candidates. A
proper medical examination will also ensurethat the candidates selected
do not suffer from any serious desirous which may create problems in
futur e.
Checking Reference:
Final Approval:
The candidates who are found suitable after the medical check-up and
backgroundinvestigation ar e for mally appointed by issuing
appointment letter to them. They areasked to join duty by the specified
date. No selection procedure is foolproof and the bestway judge a person
is by observing him working on the job. Candidate who givessatisfactory
during the probationar y period are made permanent.
S U C C E S S I V E H U R D L E S I N T H E S E L E C T I O N PR
OCESS
CHAPTER 3:
_
_
COMPANY PROFILE
.
BANK PROFILE
.
OVERVIEW
ICICI Bank is India's second-lar gest bank with total assets of Rs.
3,997.95 billion (US$100 billion) at March 31, 2008 and profit after tax
of Rs. 41.58 billion for the year endedMarch 31, 2008. ICICI Bank is
second amongst all the companies listed on the Indianstock exchanges in
ter ms of free float market capitalisation*. The Bank has a network
of about 1,308 branches and 3,950 ATMs in India and presence in
18 countries. I CI CI Bank offers a wide range of banking products and
financial ser vices to corporate and retailcustomers through a variety of
delivery channels and thr ough its specialised subsidiariesand affiliates
in the areas of investment banking, life and non- life insurance,
venturecapital and asset management. The Bank currently has subsidiar
ies in the UnitedKingdom, Russia and Canada, branches in Unites
States, Singapore, Bahr ain, HongKong, Sri Lanka, Qatar and Dubai
Inter national Finance Centre and representative officesin United Arab
Emirates, China, South Africa, Bangladesh, Thailand, Malaysia
andIndonesia. Our UK subsidiary has established branches in Belgium
and Germany.ICICI Bank's equity shares are listed in India on Bombay
Stock Exchange and the National Stock Exchange of India Limited and
its Amer ican Depositar y Receipts(ADRs) are listed on the New York
Stock Exchange (NYSE).
Basic Things:
y ICICI Group expects all its employees, officers and directors to act in
accordancewith high pr ofessional and ethical standards. You must be,
and be seen to be,committed to integrity in all aspects of your activities
and comply with allapplicable laws, regulations and internal polices.
y In accepting a position with ICICI Group or any of its subsidiaries,
each of you become accountable for compliance with the law, with the
ICICI Group code of conduct(µthe Code¶), and with policies of your
respective business units.
y The standards of the Code are not necessar ily prescribed by the
regulators - theyaresomething, which a well respected institution must
have in place and adhere toon an ongoing basis. We therefore expect a
high level of ethical conduct.
y You must conduct your duties according to the language and spir it of
this Codeand seek to avoid even the appearance of impr oper behaviour.
You should beaware that even well intentioned actions that violate the
law or this Code mayresult in negative consequences for ICICI Group
and for the individuals involved.y While covering a wide range
of business practices and procedures, these standardscannot and do not
cover every issue that may arise, or every situation whereethical
decisions must be made, but rather set forth key guiding principles
thatrepr esent ICICI Group¶s policy.
ICICI Group
Workplace Responsibilities
y You should ensure that your workplace is healthy and productive and
free fr om drugsDiscrimination and Harassment and Intimidation.
ICICI Bank wins Finance Asia Country Awar ds for Achievement 2008
for
Best Trade Finance
Bank Best Foreign Exchange
Bank Best Private Bank
CHAPTER 4 :-
_ DATA ANALYSIS ANDINTERPRITATION
DATA INTERPRETATION
The analysis of the data is done as per the survey finding. The data is
representedgraphically in percentage.
The percentage of the people opinion were analyzed and expressedin the form
of charts and have been placed in the next few pages.
Manpower Planning
1. Specify the time period(s) for which the estimates are made?
S.NO. OPINION NO.OFPERCENTAGERESPONDENT1. 0-
2years 9 30%
2. 2-3year s 6 20%3.
3. 3-4years 9 30%4.
4. 4&above years 6 20%
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1 . T o t a l c o s t
o f t h e 6 2 0 % project2.
Past experience 12
40%3 . D i f f e r e n t p
h a s e s 9 3 0 % of the
project4. All of the above 3 10%
BasicForcasting
To tal cost of the pro ject1 0%2 0%P a s t e x p e rience30 %Diffe
rent phas es o f the pro ject4 0%All of the a bove
20% people said that their company forecast on the bases of Total cost
of the project.40% people said that the company forecast on the bases of
past exper iences.30% people said that the company forecast on
the bases of the Different phases of the project.10% people said that the
company forecast on the bases on of the above4. Do you think the
present recruitment policy is helpful in achieving the goals of
thecompany?
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