A

Summer Training Project Report on

Recruitment & Selection Process in Bajaj Allianz

Submit To

St. Soldier Management & Technical Institution ,

Jalandhar
 Content

Introduction
Company profile
Need for the study
Objective of the study
Purpose of the study
Research methodology
Review and literature
Analysis & Interpretation
Observation & findings
Conclusion
Bibliography
 Introduction

Bajaj Allianz Life Insurance Co. Ltd is very well

known Insurance Company.
In India it is the largest Insurance company in the
world, had joined hands with famous Bajaj Auto
one of the trusted name in automobiles.
The project mainly focus on two important aspects
of the company
Recruitment
Selection
 Company Profile

Bajaj Allianz Life insurance Company Limited is a joint venture

between Allianz AG of Germany and Bajaj Auto Limited.

Bajaj Allianz Life insurance Company was incorporated on 12th

March 2001.

The Company received the Insurance Regulatory and

Development Authority (IRDA) Certificate of Registration (R3)
NO116 on 3rd August 2001 to conduct Life Insurance business in
India.
Type Limited
Industry Insurance Services
Founded 2001
Headquarter Pune, India
Area served Worldwide
Key people Tarun Chugh(MD & CEO)
Products Life Insurance

Total assets 56,620 Cr

Website

www.bajajallianzlife.co.in
 Need for the study

Any organization whether business or otherwise

requires number of resources for its effective and
efficient performance.

The need for the study is to analyze the:

Recruitment process – how the employees are
benefitted.
Employee satisfaction – how the employees are
satisfied.
 Objective of the study

 To study the recruitment & selection procedures

prevailing in the company.

To know the employees view on the recruitment and

selection and selection procedures of the company.

To evaluate the effectiveness of various recruiting

technique & sources thereby to increase the effectiveness
of existing system by adopting appropriate recruitment
method.
Cont…….

To increase the organizational efficiency in short

term and long term by adopting appropriate
recruitment methods.

To understand the overall performance of the

company.
 Purpose of the study

The purpose of this study was to get the

comprehensive knowledge and insight in to various
aspects of recruitments process which is one of the
necessary tools to evaluate people working in an
organization.
 Research Methodology

Methodology

Primary Data Secondary Data

Questionnaire Sample Data( Sample Size 20) (Population 60)

Through internet, journals, Newspapers, Company Website, Misc. Sources.
 s i s &
a l y i o n
A n e t a t
r p r
In t e
RECRUITMENT PROCESS
Personnel human resource Recruiting Selecting qualified Placing new
planning needed personnel employees on job
personnel

Developing source of Search for potential Evaluation Recruitment

potential employees employees Effectiveness

Upgrade in same position

Personnel research
Internal source
Transferring to new job

Job Positioning
Promoting to higher
responsibility

Employee referrals

External sources Evaluation for

Advertising selection

Scouting
SELECTION PROCESS
Sources of Recruitment

Sources Job Sites Employee Internal Campus Agencies Walk- Ins

of Referrals Transfers

Recruit
ment
% 12% 15% 18% 7% 43% 5%

Respon
dent
Basis of Transfer / Promotion

Sources of Seniority Merit

Recruitment
% 23% 77%
Respondent

23%

Seniority
Merit

77%
Satisfaction with Selection process

Level of Excellent Very Good Average Poor Very

Satisfacti Good Poor
on
% 23% 19% 42% 9% 3% 4%
Respond
ent

Level of Satisfaction
 Observation & Findings
 
The data banks are not properly maintained.
The dead resumes are never being destroyed.
It is observed that walking is the best way of
recruitment and selection.
Best way of recruiting people within the
organization and consultancies.
Job specification was finding excellent in the
organization.
Proper induction is not given to all the employees.
It reserves to only a few levels.
Cont…..

Salary comparison is not justifies. Old employees are

demoralized by getting less salary then new employee.
Manpower’s are recruited from private placement
consultancy, who are demanding high amount of fees,
where as HRD Department is not fully utilized to recruit
manpower by advertisement.
Before recruitment cost benefit analysis is not done
properly. It causes manpower surplus which makes loss
in the industry.
Manpower is recruited from reliable source however
efficiency does not recognize
 Suggestion

 
 

1. Cost of recruitment can be reduced by the help of e-recruiting and by

employee’s referral as this practice of recruitment is considered the least in
the company.

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.
 
3. On campus recruitment should also be considered for recruitment of
personnel from various colleges and business school.
 
 
 Conclusion

. The study of recruitment and selection policies of Bajaj Allianz

Insurance Company Shows a small but systematic procedure
 
 2. Overall employees are satisfied with this recruitment process as they
don’t have to go through different test and this ease their tensions.
 
 3. It is observed that the best source of recruitment is through
consultancies
 
 4. Employees are treated well and they are satisfied
 
 5. All the employees get the recreational facilities
 
 Bibliography

Books :----
Dr. Gursharn Kaur
Research Methodology,

New Age International Pvt. Ltd.

2nd Revised Edition,
Manav Saini
Human Resource Management

Tata McGraw Hill

3rd Edition

WEBSITES
 
www.bajajallianzlife.co.in
www.google.com
