This document provides details about a summer internship project completed by Ripti Singh at India Infoline Limited under the guidance of their faculty mentor Prof. Shrirang Tha. The project focused on studying the different channels of recruitment and selection processes in India Infoline's Gold Loan and Broking verticals. The document includes a certificate from the faculty mentor certifying the project, an acknowledgements section thanking those who supported the project, and outlines of the project report contents which discuss topics like the organization profile, recruitment cycle and channels, recruitment hierarchy, learning experiences, recommendations and conclusions.
This document provides details about a summer internship project completed by Ripti Singh at India Infoline Limited under the guidance of their faculty mentor Prof. Shrirang Tha. The project focused on studying the different channels of recruitment and selection processes in India Infoline's Gold Loan and Broking verticals. The document includes a certificate from the faculty mentor certifying the project, an acknowledgements section thanking those who supported the project, and outlines of the project report contents which discuss topics like the organization profile, recruitment cycle and channels, recruitment hierarchy, learning experiences, recommendations and conclusions.
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this is india infoline project on recruitment and selection
This document provides details about a summer internship project completed by Ripti Singh at India Infoline Limited under the guidance of their faculty mentor Prof. Shrirang Tha. The project focused on studying the different channels of recruitment and selection processes in India Infoline's Gold Loan and Broking verticals. The document includes a certificate from the faculty mentor certifying the project, an acknowledgements section thanking those who supported the project, and outlines of the project report contents which discuss topics like the organization profile, recruitment cycle and channels, recruitment hierarchy, learning experiences, recommendations and conclusions.
This document provides details about a summer internship project completed by Ripti Singh at India Infoline Limited under the guidance of their faculty mentor Prof. Shrirang Tha. The project focused on studying the different channels of recruitment and selection processes in India Infoline's Gold Loan and Broking verticals. The document includes a certificate from the faculty mentor certifying the project, an acknowledgements section thanking those who supported the project, and outlines of the project report contents which discuss topics like the organization profile, recruitment cycle and channels, recruitment hierarchy, learning experiences, recommendations and conclusions.
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Summer Internship Project
Recruitment & Selection
(Different channels of Recruitment in Equity) Submitted in partial fulfillment of PGD pro!ram "#$%&$' Submitted by (ripti Sin!h "$)$$* +orporate entor, -aculty entor, .i/hil Subrahmaniyam Prof0 Shriran! 1ha Sr0 ana!er (2R)3 II-4 Professor3 5S 5peejay School of ana!ement .e6 Delhi 1une "#$7 1 +ER(I-I+5(E This is to certify that the project work done on Channel of Recruitments under gold loan and broking vertical Submitted to 5peejay School of ana!ement , D6ar/a by (ripti Sin!h in partial fulfillment of the reuirement for the award of !" #iploma in $usiness %anagement, is a bonafide work carried out by her under my supervision and guidance& This work has not been submitted anywhere else for any other degree'diploma& The original work was carried out during $)#7)"#$7 to $8)#8)"#$7 in India Infoline 4imited& Prof0 Shriran! 1ha (peejay School of %anagement #warka, )ew #elhi
* 5+9.:;4EDGE.( + e,press my heartfelt gratitude towards +ndia +nfoline ltd& for giving me the opportunity to do my Summer +nternship !roject with the organi-ation and for providing an opportunity to work on a challenging project& + would also like to e,tend my gratitude to various people who provided their continuous support during the ten weeks of my project& + would also like to e,tend my sincere .Thanks/ to my faculty guide Prof0 Shriran! 1ha, for his valuable guidance, suggestions, keen interest, cooperation, and of course moral support throughout my internship and project session& + also e,press my sincere thanks to r0 .i/hil Subrahmaniyam 0my corporate mentor1 for his interest, constructive criticism, persistent encouragement and untiring guidance throughout the development of the project& +t has been my great privilege to work under his inspiring guidance& 2ast but not the least3 + want to pay acknowledgements to my institute 0(peejay School of %anagement1 for instilling in me the confidence to work on such a wonderful project& 4 (5<4E :- +:.(E.(S +25P(ER $,5RE5 :- I.(ER.S2IP 5.D 4E5R.I.G :<1E+(I=ES 5 1&16 Recruitment cycle and channels 5 1&*6!urpose 7 +mportance 1* 1&468actors 9ffecting Recruitment 14 1&:6Sources of Recruitment 14 1&;6Selection !rocess 1< +25P(ER ", PR:-I4E :- (2E :RG5.I>5(I:. *1 *&16 =ey %ilestones *4 *&*6 >ision 7 %ission *: *&46 %anagement *; *&:6 $usiness %odel 7 Corporate Structure *? *&;6 @rgani-ation Structure 41 *&A6 !roducts 7 Services 41 *&?6 !roblems within the @rgani-ation 4: *&56 Competition +nformation 4; *&<6 Swot (nalysis 4A
+25P(ER %, 1:< DES+RIP(I:. 5.D -?.+(I:.54 PR:-I4E 4? 4&16 9nd to 9nd Recruitment !rocess in +ndia +nfoline :: 4&*6 Recruitment Bierarchy in +ndia +nfoline ;5
+25P(ER ', RE+:E.D5(I:.S & +:.+4?SI:.S ?* +25P(ER 8, <I<4I:GRP2A 51 : E@E+?(I=E S?5RA + am pleased to present a report titled Corking on different channel of recruitment and selection in Gold loan and <ro/in! Bertical in India Infoline 4imitedC0 +n every sector human resource is an important part of an organi-ation& 8inancial sector in +ndia is no different in this regards& There are certain ways that are to be followed by every organi-ation, which ensure that it has right number and kind of people, at the right place and right time, so that organi-ation can achieve its planned objective& This report has been prepared to throw light on Recruitment 7 Selection process in +ndia +nfoline& The report deals with the study of the company and the processes followed at +ndia +nfoline, for recruitment and selection& +t is crucial to know about the reuirements of the company 0for the post1, the nature of work being carried out and the skills or knowledge that the company wants the selected candidates to acuire before they are absorbed in for the job& ; +25P(ER $,& I.(R:D?+(I:.
Introduction to the topic 9very organi-ation wants to be successful 7 dreams to be )umero Dno& $ut the most important element of an organi-ation to achieve success is its human resource which comes through the process of recruitment& Recruitment provides an organi-ation with a pool of ualified candidates&The more ualified the pool, the better the success rate in selection& +t helps the organi-ation to meet its goals and increases organi-ational effectiveness Bence, reali-ing the importance of this function in this !roject, + take a deep insight into the 9nd to 9nd Recruitment !rocess in +ndia +nfoline 2td& which rails right from the initiating step of recruitment i&e& the %anpower !lanningE till the concluding step of recruitment i&e& the SelectionE $y being a part of the (ctual Recruitment !rocess in +ndia +nfoline herein + present a study of all the steps in Recruitment System of ++82 (ptly naming the !rojectFFFF& D;or/in! on Different +hannels of Recruitment in India InfolineC $0$,& Recruitment & +ycle & +hannels Buman resource is a vital corporate asset and a company/s performance depends on the way its human resource is utili-ed& +n order to reali-e company objectives, it is important to recruit people with appropriate skills, ualification and e,perience& Chile doing that we need to keep the reuirements of the company in mind& Successful recruitment methods include a thorough analysis of market conditions& Recruitment is very vital to the management process and failure in recruitment can create a mess for any company including a bad effect on its profitability and inappropriate levels A of staffing or skills& +nadeuate recruitment can lead to employee shortages, or problems in management decision making& Recruitment isn/t just an easy selection process but also involves management decision making and strict planning to employ the most suitable resource& Competition among business organisations for recruiting the best potential has increased focus on innovation, and management decision making and the selectors aim to recruit only the best candidates who would suit the corporate culture, ethics and climate specific to the organisation& +t does not end with application and selection of the apt candidates but involves maintaining and retaining the employees selected& #espite a plan on recruitment and selection and involvement of ualified management team, recruitment processes followed by companies can face significant obstacles in implementation& Theories of BR% may provide detail on the good approaches to recruitment although companies will have to use their management skills to apply common theories within specific organi-ational conte,ts& Recruitment Recruitment refers to the process of attracting, screening, and selecting ualified people for a job at an organi-ation or firm& 8or some components of the recruitment process, midG and largeGsi-e organi-ations often retain professional recruiters or outsource some of the process to recruitment agencies& The recruitment industry primarily has five types of agencies6 employment agencies, recruitment websites, job search engines, headhunters6 G for e,ecutive and professional recruitment, niche agencies which speciali-e in a specific area of staffing and inGhouse recruitment& The stages in recruitment include sourcing candidates by advertising or other measures, and screening and selecting potential candidates using tests or interviews& 5!ency types The recruitment industry has the following types of agencies& Recruiters aim to channel potential employees into the hiring organi-ations application process& (s a general rule, the agencies get paid by the organi-ations not the candidates& #avid 2ord of 9,ecutive Search +nformation Services suggests that Hretained search is a management consulting service& Contingency recruiting is one of many forms of candidate identification, no more, no less&H 1& Traditional agency *& Beadhunters ? 4& )iche recruiters :& +nGhouse recruitment ;& !assive candidate research firms and sourcing firms Recruitment +ycle, Recruitment is the process of selecting the right people at a right position& 1& +dentify vacancy *& !repare job description and Iob specification 4& Search !ortals' (dvertising the vacancy :& Selecting apt candidates'%anaging the response ;& ShortGlisting A& Schedule interviews ?& Conducting interview and decision making 5& Sending offer letters <& (cceptance from the candidates $0 Identify Bacancy& Chen recruitment action is reuired on a vacant established position a Reuest to (dvertise 8orm is prepared with a draft position description and advertisement to Buman Resources& "0 Prepare job description and person specification& >acancies canJt be filled successfully unless the job has been accurately defined in the first place& This is as helpful for the employer, as it is for potential candidates& +t is all thinking about what skills, knowledge and e,perience an organi-ation is looking for& The person specification includes the knowledge, e,perience and skills you would like them to have& Separate these into those which are essential for the job and those which are not essential but would be helpful& %0 5dBertisin! the Bacancy& 9ual access to job opportunities should be reflected in all company advertisements, job descriptions, personal specifications and application forms& (ll advertisements should convey positive messages welcoming applications from people with disabilities, and by stating in advertisements that necessary arrangements can be 5 made at interview stage to accommodate the needs of candidates with disabilities& Dsing terms like .handicapped/ and .disabled people/ in an advertisement& The correct term is .people with disabilities/& The job profile should be reviewed to make sure that it is clear and easy to understand& 70 ana!in! the response& Cith the media sector growing fast and in a job market with very high levels of talent recruiting demand and supply, there are more advertisements for jobs than ever before& Bowever managing the responses to these ads, given the huge number of applications for every open position is a big challenge& +t includes attending the calls made by the candidates regarding the job profile and the resumes sent by the applicants through eGmails and reverting them with the suitable answers of their ueries& '0 Short&listin!& Chen shortlisting applicants, all criteria should be taken in the consideration& 9ach selection panel member should read the applications and rate applicants according to the selection criteria& These must be consistent with the advertised reuirements& To assist members of the panel to work more effectively at the shortlisting task a matri, may be developed plotting each applicant against each criterion on a grading scale agreed by the selection committee& Space for comments and a final applicant ranking should also be included& Iustification of the individual member/s ranking decisions will assist the committee to address issues essential to reaching consensus& 80 5rran!e interBie6s& +nterview dates should be agreed at the earliest opportunity and ideally published in the job advertisement to ensure candidates will be available for the selection process& +f for legitimate reasons, a candidate is unable to attend for face to face interview on the stipulated date, and if their e,clusion from the competition due to unavailability would otherwise contravene then the selection process should be postponed& (lternatively a preliminary interview may be conducted via telephone or video conference, but the candidate must at a future date be present before the full committee for the entire selection process before a decision to appoint that candidate can be reached and the recruitment competition progressed& *0 +onductin! interBie6 and decision ma/in!& (fter getting the candidates known about the interview schedule, the successful conduction of the interview is very important < and that should be done very efficiently& Chile conducting the interview, the panel taking the interview should observe all the verbal and non verbal aspects of the candidate& E0 Sendin! offers& (fter selecting the right candidate for the right position, an offer is to be made regarding the joining in the organi-ation& F0 5cceptance from the candidates& (fter the offering made by the organi-ation, the candidate has to accept it and then join the organi-ation& $0",& P?RP:SE 5.D IP:R(5.+E The general purpose of recruitment is to provide a pool of potentially ualified candidates& Specifically, the purposes and need s of recruitment are6 #etermine the overall reuirements of the organi-ation in sync with its personnelG planning and jobGanalysis activities& +ncrease the pool of job candidates in a cost effective manner Belp increase the success rate of the selection process by reducing the number of visibly, under or overualified job applicants& Belp reduce the probability that job applicants, once recruited and selected, will leave the organi-ation only after a short period of time& Start identifying and preparing potential job applicants who will be appropriate candidates& +nduct the new manpower with a new perspective to lead the company& +nfuse freshness at all levels of the organi-ation& #evelop an organi-ational culture that attracts competent people to the company& Search for talent globally and not just within the company& 1K $0%,& -5+(:RS 5--E+(I.G RE+R?I(E.( The following are the * important factors affecting Recruitment6 G $) I.(ER.54 -5+(:RS Company !olicy )onG!ermanent employees Recruitment of domestic citi-ens 9ngagement in Buman Resource !lanning Company/s si-e Recruitment Cost "rowth and e,pansion of the company
") E@(ER.54 -5+(:RS Supply 7 #emand Dnemployment Ratio 2abourGmarket scenario !olitical and legal considerations SocioG9conomic factors Technological factors
$07,& S:?R+ES :- RE+R?I(E.( The sources of recruitment may be broadly divided into two categories6 internal sources and e,ternal sources& $oth have their own merits and demerits& Internal Sources, !ersons who are already working in an organi-ation comprise the .internal sources/& Retrenched employees, retired employees, dependent people of these employees, whenever any vacancy arises, someone from within the organi-ation is upgraded, transferred, promoted or even demoted& 11 :utside Sources, 9,ternal sources are those that are found outside an organi-ation& Bere the organi-ation can take the services of6 0a1 9mployees working in other companies3 0b1 !otential candidates registered with employment e,changes3 0c1 Students from reputed institutes and colleges3 0d1 Candidates referred by professional friends and e,isting employees3 0e1 Candidates forwarded by consultants 0f1 Candidates found from advertisements, issued by the organi-ation3 and 0g1 Dnsolicited walkGins&
1* erits and Demerits of Internal sources of Recruitment, erits Demerits 11 +ost EffectiBe, The cost of recruiting internal candidates is minimal& )o e,penses are incurred on advertising& *1 EGact, The organi-ation can pick the right candidates having the reuisite skills& The candidate can choose a right vacancy where their talents can be fully utili-ed& 41 (rust6orthy, The organi-ation has the knowledge about suitability of a candidate for a position& .=nown devils are better than unknown angelsL/ :1 Satisfyin!, ( policy of preferring people from within offers regular promotional avenues for employees& +t motivates them to work hard and earn promotions& They will work with loyalty commitment and enthusiasm& 11 4imited :ptions, The organi-ation is forced to select candidates from a limited pool& +t may have to sacrifice uality and settle down for less ualified candidates& *1 Inbreed, +t discourages entry for talented people, available outside an organi-ation& 9,isting employees may fail to behave in innovative ways and inject necessary dynamism to enterprise activities& 41 Inefficient, !romotions based on length of service rather than merit, may prove to be a blessing for inefficient candidate& They do not work hard and prove their worth& :1 +ontention, Recruitment from within may lead to infighting among employees aspiring for limited, higher level positions in an organi-ation& (s years roll by, the race for premium positions may end up in a bitter race& The merits and demerits of recruiting candidates from outside an organi-ation may be stated thus6
14 erits and Demerits of EGternal sources of Recruitment, erits Demerits 11 4ar!e Pool, The organi-ation has the freedom to select candidates from a large pool& !ersons with reuisite ualifications could be picked up& *1 .e6 2irin!, !eople with special skills and knowledge could be hired to stir up the e,isting employees and pave the way for innovative ways of working& 41 otiBational factor, +t helps in boosting the confidence of internal employees to work harder and compete with e,ternal candidates while continuing career growth& Such a competitive atmosphere would help an employee to work to the best of his abilities& :1 -uture <enefits, Talented people could join the ranks, new ideas could find meaningful e,pression, a competitive atmosphere would force people to give out their best and rewards in return& 11 EGpenses, Biring costs could go up substantially& Tapping multifarious sources of recruitment is not an easy task either& *1 (ime&(a/in!, +t takes time to advertise, screen, to test and test and to select suitable employees& Chere suitable ones are not available, the process has to be repeated& 41 .o otiBation, Current employees who have put in considerable service may resist the process of filling up vacancies from outside& The feeling that their services have not been recogni-ed by the organi-ation, forces then to work with less enthusiasm and motivation& :1 2irin! ?ncertainty, There is no guarantee that the organi-ation ultimately will be able to hire the services of suitable candidates& +t may end up hiring someone who does not fit and who may not be able to adjust in the new setup& 1: Purpose and Importance of Recruitment, The general purpose of recruitment is to provide a pool of potential ualified job candidates& The purposes are6 To determine the current 7 future reuirement of an organi-ation& +ncrease the pool of job candidates in a cost effective way %eet the organi-ations legal and social obligations regarding the composition of its work force& +dentifying the potential job applicants who will be appropriate for the job& The recruitment process should inform ualified individuals about employment opportunities, create a positive image of the company, provide information about the job so that the application generates enthusiasm among the best candidate to apply for the vacant job& Recruitment lends itself as a potential source of competitive advantage to a firm& (n effective approach to recruitment can help a company successfully compete for limited human resource& ( Recruitment !rogram helps the firm in at least four ways6 (ttract highly ualified and competent people 9nsure that the selected candidates stay longer with the company& %ake sure that there is a match between cost and benefit& Belps the firm create more culturally diverse work force& The conseuences of poor recruitment process speak a lot about its roles in an organi-ation& The failure to create an adeuate number of well ualified applicants can prove to be harmful for the organi-ation in numerous ways& The poor uality of selection means increase in cost on training and supervision& The effectiveness of the recruitment process in an organi-ation can play a vital role in determining the resources that must be used on other BR functions and their ultimate success& 1;
Recruitment Process -lo6chart 1A (pproved @rg& Structure >acant !osition Sourcing Resumes BR Shortlist 8unctional shortlist t @nline Registration email to Candidates 2ining Dp the Candidates for +nterview Critten Test 7 !&+ 8unctional +nterview BR +nterview Salary #ocuments Submission Salary )egotiation @ffer "eneration B@ (pproval %umbai @ffer (cceptance Rejected Mes )o )o )o )o )o )o )o )o )o Mes Mes )o SE4E+(I:.6 E5.I.G 5.D DE-I.I(I:.6 Selection is the process of picking individuals out of potential candidates with appropriate ualifications and skill set to fill in the organi-ation& R:4E :- SE4E+(I:.6 Cork performance of individuals Cost incurred in recruitment $0',& SE4E+(I:. PR:+ESS,
1? 9,ternal environment +nternal environment !reliminary interview Selection tests 9mployment interview Reference and background analysis Selection decision !hysical e,amination Iob offer 9mployment contract 9valuation Rejected (pplicants The selection process is a decision making process& This step consists of a number of activities& ( candidate who fails to ualify for a particular step is no eligible for appearing for the subseuent step& 9mployee selection is the process of putting right men on job& +t is a procedure of matching organi-ational reuirements with the skills and ualification of people& 9ffective selection can be done only when there is effective matching& $y selecting best candidate for the reuired job, the organi-ation will get uality performance of employees& %oreover organi-ation will face less of absenteeism and employee turnover problems& $y selecting right candidate for the reuired job, organi-ation will also save time and money& !roper screening of candidates takes place during selection procedure& (ll the potential candidates who can apply for given job are tested& The above table describes the selection process of an organi-ation& +t comprise of the following steps6G !re +nterview Screening 7 !reliminary +nterview (pplication 8orm !ersonal +nterview Checking References Credit Checks Tests !hysical 9,amination 15
1< +25P(ER ",& +:P5.A PR:-I4E
I.DI5 I.-:4I.E 4(D +ndia +nfoline is one of the fastest growing companies in financial services in +ndia, which is an ideal place for individuals with high ambitions& Chile financial services industry has been growing at a fast clip of 1;N p&a&, +ndia +nfoline has been growing at a compounded annual rate of over 1KKN for the last 4 years& +t/s a Rs& ;,KKK crores company and looking forward to Rs& 1K,KKK crores business in the coming years& +t/s a one stop investment shop wherein customers can meet all their advisory, investing and borrowing needs under one roof, ranging from 9uities and Commodities to 2ife +nsurance and %utual 8unds to !ersonal loans and %ortgages& They provide advice, offer a range of products 0$roking Retail 7 institutional, euities and commodities1, Credit and finance, (sset management, Cealth management, +nsurance distribution and +nvestment banking to customers to choose from, e,ecute the orders and complete the value chain by providing constant services to all their customers& & The working atmosphere is highly charged with a young and energetic team of ualified professionals& The average age of the team is *5& 8urther it provides an environment where conventions, protocols do not come in the way of good ideas& +ndividuals who are dynamic and result oriented will find their own niche in this environment& The strength of the organi-ation has been to continuously innovate and reinvent itself& They, as a team are continuously learning and are in sync with the rapidly charging environment& Cith them you can be sure that tomorrow will not be just another day& +t is one of the leading financial intermediaries and +ndiaJs most popular website for business and investment& +ts Cebsite has been rated as H<est of the ;ebH by 8orbes, under the (sia +nvesting category& +ndia +nfoline also won an award for the .<est <ro/er in IndiaI for the year Iune *KK?G%ay *KK5 by -inance 5sia +ountry 56ards0 $esides providing upGtoGdate and comprehensive information on business and industry, they are also a leading investment intermediary for %utual 8unds, $onds, +C+C+ ' +#$+ $onds, "ovt& Relief $onds, +nsurance, +!@s and 8i,ed #eposits in +ndia& They are direct brokers' agents with leading financial institutions like R$+, DT+, 2+C, "+C, +C+C+, +#$+ and other private mutual fund like B#8C, (lliance, !rudential +C+C+, Templeton, T(T(, BS$C, Standard 7 Chartered, Sun 87C, $irla, #S! %errill 2ynch, =otak, +278S, Sundaram, Ourich and Reliance& They have memberships in )S9, $S9 0securities *K trading1, %CP, )C#9P, #"CP 0commodities trading1 and )S#2 and C#S2 0depository participant1& They are registered as a CategoryG+ %erchant $anker, S9$+G registered !ortfolio %anager, apart from that +ndia +nfoline +nvestment Services 2td& and %oneyline Credit 2td& are registered with R$+ as nonGdeposit accepting nonGbanking financial companies& They have more than AKK +nvestor points i&e& multiple interaction points across mediums in all the leading cities across +ndia, with a team of trained and ualified investment advisors and 1;KKQassociates 0sub brokers1& They have multiple customers touch points& Their eGbroking web site ;paisa&com, which deals in shares, provides one fast, secure and easy to use trading facility combined with a wealth of outstanding products and features which has revolutioni-ed brokerage rates& Thus, they are uniuely placed with both online and offline presence to ma,imi-e customer satisfaction& They have leveraged their content to create the +ndia +nfoline brand, which is synonymous with high uality and credible information on business and finance& @ur top management team represents a skill set, which is mutually e,clusive but collectively e,haustive& +t/s basically a knowledge based, technology driven, service industry&
*1 "0$,&9EA I4ES(:.ES 1<<; +ncorporated on @ctober 15, 1<<; as !robity Research 7 Services& 1<<< 2aunched +nternet portal www&indiainfoline&com in %ay 1<<<& *KKK Commenced distribution of personal financial products like %utual 8unds and R$+ $onds in (pril *KKK& *KKK 2aunched online trading in shares and securities branded as www&;paisa&com in Iuly *KKK& *KKK Started life insurance agency business in #ecember *KKK as a Corporate (gent of +C+C+ !rudential 2ife +nsurance& *KK1 $ecame a depository participant of )S#2 in September *KK1& *KK4 2aunched stock messaging service in %ay *KK4& *KK: (cuired commodities broking license in %arch *KK:& *KK: 2aunched !ortfolio management services in (ugust *KK:& *KK; "ot listed on )S9 and $S9 on %ay 1?, *KK;& *KK; (cuired )$8C license in %ay *KK;& *KK; (cuired ?;N stake holdings in %oneytree Consultancy Services, which is a distributor of %ortgages and other 2oan products, in @ctober *KK;& *KK; (cuired 1KKN euity of %archmont Capital (dvisors !vt& 2td in #ecember *KK; through which they have ventured into %erchant $anking& ** *KK? %erger of +ndia +nfoline securities !vt 2td with +ndia +nfoline 2td in Ianuary *KK?& *KK? #S! %errill 2ynch Capital subscribed to convertible bonds aggregating Rs& 5K crores in #ecember *KK;& Their current stake in +ndia +nfoline is a little over 1:N as on 41 st %arch *KK?& *KK? $ennett Coleman 7 Co 2td 0$CC21 invested Rs& *K crores in +ndia +nfoline by way of preferential allotment in #ecember *KK;& *KK? $ecame a depository participant of C#S2 in Iune *KKA& *KK? +R#( license for +nsurance $roking in (pril *KK?&
"0",& =ISI:. & ISSI:. =ISI:. To be the most respected company in the financial services spaceE& >ision elaborated from the perspective of various constituencies, ISSI:. To become a fullGfledged financial services company known for its uality of advice, personali-ed service and cuttingGedge technology& +?4(?RE 5.D +:RE =54?ES @C)9R %+)#S9T 0@%1 G 9very member of team +ndia +nfoline behaves, thinks and acts as owners not as employees& (!!2+C(T+@) @8 %+)# 0(@%1 G 9very employee should apply their mind on how their efforts and goals be aligned to that of the company and how they contribute to the final business goal, like an owner and come with outGofGbo, solutions& +t believes in building an entrepreneurial workforce and wants to inculcate the essentials of an entrepreneur in all team members which are6 *4 *KK5 2aunched ++82 Cealth, Transitioned to insurance 3broking model *KK< (cuired registration for Bousing, 8inance, S9$+ inGprinciple approval for %utual 8und *K1K Received inGprinciple approval for, membership of the Singapore, Colombo Stock 9,change 9nergy6 )obody can drive a business of his own or feel like an owner unless he is gifted with unbounded energy& 9,ecution6 +t is the difference between dreaming and making things happen& (t +ndia +nfoline, all activities are assessed on the basis of K and 1 where K signifies work not done and 1 signifies work completed fully and on time& 9ffort6 +t/s not the )D%$9R of hours you spend at work that matter, but the RD(2+TM of work that you put into those hours& 9thics6 9thics pertains to the character of the person& 9very employee should understand and fit into the culture of the organi-ation which follows a set of core values and ethics& 9,cellence6 9,cellence is all about the uality of work& +t is a matter of attitude which all the employees should strive for& The keywords for the strategy and planning are6 11 people and *1 technology& "0%,& 5.5GEE.( %r& )irmal Iain )irmal Iain, %$( 0++%, (hmedabad1 and a Chartered and Cost (ccountant, founded +ndia/s leading financial services company +ndia +nfoline 2td& in 1<<;, providing globally acclaimed financial services in euities and commodities broking, life insurance and mutual funds distribution, among others& %r& Iain began his career in 1<5< with Bindustan 2ever/s commodity e,port business, contributing tremendously to its growth& Be was also associated with +nuireG+ndian 9uity Research, which he coGfounded in 1<<: to set new standards in euity research in +ndia& %r& R >enkataraman R >enkataraman, coGpromoter and 9,ecutive #irector of +ndia +nfoline 2td&, is a $& Tech 09lectronics and 9lectrical Communications 9ngineering, ++T =haragpur1 and an %$( 0++% $angalore1& Be joined the +ndia +nfoline board in Iuly 1<<<& Be previously held senior managerial positions in +C+C+ 2imited, including +C+C+ Securities 2imited, their investment banking joint venture with I ! %organ of DS( and with $OC and Taib Capital Corporation 2imited& Be was also (ssistant >ice !resident with " 9 Capital Services +ndia 2imited in their private euity division, possessing a varied e,perience of more than 1A years in the financial services sector& *: (he <oard of Directors (part from )irmal Iain and R >enkataraman, the $oard of #irectors of +ndia +nfoline comprises6 %r& Sat !al =hattar 0)on 9,ecutive #irector1 %r& Sat !al =hattar, G $oard member since (pril *KK1 G !residential Council of %inority Rights member, Chairman of the $oard of Trustee of Singapore $usiness 8ederation, is also a life trustee of S+)#(, a non profit body, helping the underGprivileged +ndians in Singapore& Be joined the +ndia +nfoline board in (pril *KK1& %r =hattar is a #irector of public and private companies in Singapore, +ndia and Bong =ong3 Chairman of "uocoland 2imited listed in Singapore and its parent "uoco "roup 2td listed in Bong =ong, a leading property company of Singapore, China and %alaysia& ( $oard member of +ndia +nfoline 2td, "ateway #istriparks 2td S both listed S and a number of other companies he is also the Chairman of the =hattar Bolding "roup of Companies with investments in Singapore, +ndia, D= and across the world& %r& )ilesh >ikamsey 0+ndependent #irector1 %r& >ikamsey, $oard member since 8ebruary *KK; G a practising Chartered (ccountant and partner 0=himji =unverji 7 Co&, Chartered (ccountants1, a member firm of B2$ +nternational, headed the audit department till 1<<K and thereafter also handles financial services, consultancy, investigations, mergers and acuisitions, valuations etc3 an +C(+ study group member for !roposed (ccounting Standard S 4K on 8inancial +nstruments S Recognition and %anagement, 8inance Committee of The Chamber of Ta, Consultants 0CTC1, 2aw Review, Reforms and Rationali-ation Committee and +nfotainment and %edia Committee of +ndian %erchants/ Chamber 0+%C1 and +nsurance Committee and 2egal (ffairs Committee of $ombay Chamber of Commerce and +ndustry 0$CC+1& %r& >ikamsey is a director of %iloni Consultants !rivate 2imited, B2$ Technologies 0%umbai1 !rivate 2imited and Chairman of B2$ +ndia& %r& =ranti Sinha 0+ndependent #irector1 %r& =ranti Sinha S $oard member since Ianuary *KK; S completed his masters from the (gra Dniversity and started his career as a Class + officer with 2ife +nsurance Corporation of +ndia& Be served as the #irector and Chief 9,ecutive of 2+C Bousing 8inance 2imited from (ugust 1<<5 to #ecember *KK* and concurrently as the %anaging #irector of 2+CB82 Care Bomes 0a wholly owned subsidiary of 2+C Bousing 8inance 2imited1& Be retired from the permanent cadre of the 9,ecutive #irector of 2+C3 served *; as the #eputy !resident of the "overning Council of +nsurance +nstitute of +ndia and as a member of the "overning Council of )ational +nsurance (cademy, !une apart from various other such bodies& %r& Sinha is also on the $oard of #irectors of Bindustan %otors 2imited, 2arsen 7 Toubro 2imited, 2+CB82 Care Bomes 2imited, "remach +nfrastructure 9uipments and !rojects 2imited and Cinema, 0+ndia1 2imited& "07,& <?SI.ESS :DE4 & +:RP:R5(E S(R?+(?RE $DS+)9SS %@#92 They are a oneGstop financial services shop, most respected for uality of its advice, personali-ed service and cuttingGedge technology& +n a nutshell, their business provides advisory and transaction e,ecution services for the entire gamut of financial services& Their edge is driven by their twin core competencies of6 CorldGclass research that powers their advisory services, and CuttingGedge technology and motivated people, driving flawless online and offline e,ecution respectively& They cover the entire gamut of financial services, e,cept commercial banking& +:RP:R5(E S(R?+(?RE The +ndia +nfoline group, comprising the holding company, +ndia +nfoline 2imited and its whollyGowned subsidiaries, straddle the entire financial services space with offerings ranging from 9uity research, 9uities and derivatives trading, Commodities trading, !ortfolio %anagement Services, %utual 8unds, 2ife +nsurance, 8i,ed deposits, "o+ bonds and other small savings instruments to loan products and +nvestment banking& +ndia *A +nfoline also owns and manages the websites www&indiainfoline&com and www&;paisa&com& The company has a network of ;<A branches spread across 4:; cities and towns& +t has more than ;KK,KKK customers&
+ndia +nfoline 2imited is listed on both the leading stock e,changes in +ndia, vi-& the Stock 9,change, %umbai 0$S91 and the )ational Stock 9,change 0)S91 and is also a member of both the e,changes& +t is engaged in the businesses of 9uities broking, Cealth (dvisory Services and !ortfolio %anagement Services& +t offers broking services in the Cash and #erivatives segments of the )S9 as well as the Cash segment of the $S9& +t is registered with )S#2 as well as C#S2 as a depository participant, providing a oneG stop solution for clients trading in the euities market& +t has recently launched its +nvestment banking and +nstitutional $roking business& ( S9$+ authori-ed !ortfolio %anager3 it offers !ortfolio %anagement Services to clients& These services are offered to clients as different schemes, which are based on differing investment strategies made to reflect the varied riskGreturn preferences of clients& India Infoline edia and Research SerBices 4imited The content services represent a strong support that drives the broking, commodities, mutual fund and portfolio management services businesses& Revenue generation is through the sale of content to financial and media houses, +ndian as well as global& +t undertakes euities research which is acknowledged by none other than 8orbes as J$est of the CebJ and JFa must read for investors in (siaJ& +ndia +nfolineJs research is available not just over the internet but also on international wire services like $loomberg 0Code6 ++221, Thomson 8irst Call and +nternet Securities where +ndia +nfoline is amongst the most read +ndian brokers& +ndia +nfoline Commodities !vt& 2imited& +ndia +nfoline Commodities !vt& 2imited is engaged in the business of commodities broking& @ur e,perience in securities broking empowered us with the reuisite skills and technologies to allow us offer commodities broking as a contraGcyclical alternative to euities broking& Ce enjoy memberships with the %CP and )C#9P, two leading +ndian commodities e,changes, and recently acuired membership of #"CP& Ce have a multiG channel delivery model, making it among the select few to offer online as well as offline trading facilities& *? +ndia +nfoline %arketing 7 Services +ndia +nfoline %arketing and Services 2imited is the holding company of +ndia +nfoline +nsurance Services 2imited and +ndia +nfoline +nsurance $rokers 2imited& 0a1 India Infoline Insurance SerBices 4imited is a registered Corporate (gent with the +nsurance Regulatory and #evelopment (uthority 0+R#(1& +t is the largest Corporate (gent for +C+C+ !rudential 2ife +nsurance Co 2imited, which is +ndiaJs largest private 2ife +nsurance Company& +ndia +nfoline was the first corporate agent to get licensed by +R#( in early *KK1& 0b1 India Infoline Insurance <ro/ers 4imited is a newly formed subsidiary which will carry out the business of +nsurance broking& +t has applied to +R#( for the insurance broking licence and the clearance for the same is awaited& !ost the grant of license, it proposes to commence the general insurance distribution business& +ndia +nfoline +nvestment Services 2imited Consolidated shareholdings of all the subsidiary companies engaged in loans and financing activities under one subsidiary& Recently, @rient "lobal, a SingaporeGbased investment institution invested DS# ?A&? million for a **&;N stake in +ndia +nfoline +nvestment Services& This will help focused e,pansion and capital raising in the said subsidiaries for various lending businesses like loans against securities, S%9 financing, distribution of retail loan products, consumer finance business and housing finance business& +ndia +nfoline +nvestment Services !rivate 2imited consists of the following stepGdown subsidiaries& 0a1 India Infoline Distribution +ompany 4imited 0distribution of retail loan products1 0b1 oneyline +redit 4imited 0consumer finance1 0c1 India Infoline 2ousin! -inance 4imited 0housing finance1 II-4 (5sia) PriBate 4imited ++82 0(sia1 !rivate 2imited is wholly owned subsidiary which has been incorporated in Singapore to pursue financial sector activities in other (sian markets& 8urther to obtaining the necessary regulatory approvals, the company has been initially capitali-ed at 1 million Singapore dollars& +t has been awarded with the J<ES( <R:9ER I. I.DI5I by -inance 5sia +ountry for the year Iune/K?G %ay/K5&
+:RP:R5(E S(R?+(?RE *5 (he aboBe chart depicts only the major subsidiaries of the +ompany0 :ther subsidiaries include India Infoline 2ousin! -inance 4imitedK India Infoline +ommodities3 D++3 Dubai and oney line +redit PriBate 4imited&
*< "0',&:RG5.I>5(I:. S(R?+(?RE "08,& PR:D?+(S 5.D SER=I+ES They are a oneGstop financial services shop, most respected for uality of its advice, personali-ed service and cuttingGedge technology& 4K EL?I(IES6 +ndia +nfoline provided the prospect of researched investing to its clients, which was hitherto restricted only to the institutions& Research for the retail investor did not e,ist prior to +ndia +nfoline& +ndia +nfoline leveraged technology to bring the convenience of trading to the investor/s location of preference 0residence or office1 through computeri-ed access& +ndia +nfoline made it possible for clients to view transaction costs and ledger updates in real time& PS6 @ur !ortfolio %anagement Service is a product wherein an euity investment portfolio is created to suit the investment objectives of a client& Ce at +ndia +nfoline invest your resources into stocks from different sectors, depending on your riskGreturn profile& This service is particularly advisable for investors who cannot afford to give time or donJt have that e,pertise for dayGtoGday management of their euity portfolio& RESE5R+26 Sound investment decisions depend upon reliable fundamental data and stock selection techniues& +ndia +nfoline 9uity Research is proud of its reputation for, and we want you to find the facts that you need& 9uity investment professionals routinely use our research and models as integral tools in their work& They choose 8ord 9uity Research when they can clear your doubts& +::DI(IES6 +ndia +nfoline/s e,tension into commodities trading reconciles its strategic intent to emerge as a oneGstop solutions financial intermediary& +ts e,perience in securities broking has empowered it with reuisite skills and technologies& The Company/s commodities business provides a contraGcyclical alternative to euities broking& The Company was among the first to offer the facility of commodities trading in +ndia/s young commodities market 0the %CP commenced operations only in *KK41& (verage monthly turnover on the commodity e,changes increased from Rs K&4: bn to Rs *K&K* bn& The commodities market has several products with different and nonGcorrelated cycles& @n the whole, the business is fairly insulated against cyclical gyrations in the business& :R(G5GES6 #uring the year under review, +ndia +nfoline acuired a ?;N stake in %oneytree Consultancy Services to mark its foray into the business of mortgages and other loan products distribution& The business is still in the investing phase and at the time of the acuisition was present only in the cities of %umbai and !une& The Company brings on 41 board e,pertise in the loans business coupled with e,isting relationships across a number of principals in the mortgage and personal loans businesses& +ndia +nfoline now has plans to roll the business out across its panG+ndian network to provide it with a truly national scale in operations& The employees who are undergraduates or are hired on a test basis are taken on .(/ Code 0%oneytree1 and the employees who are graduates are taken on a company/s payroll i&e& on .C/ Code 0+ndia +nfoline1& 2:E 4:5.S6 "et e,pert advice that suits your needs 2oan against residential and commercial property 9,pert recommendations 9asy documentation Ruick processing and disbursal )o guarantor reuirement PERS:.54 4:5.S6 8reedom to choose from four fle,ible options to repay 9,pert recommendations 9asy documentation Ruick processing and disbursal )o guarantor reuirement I.=ES( :.4I.E6 +ndia +nfoline has made investing in %utual funds and primary market so effortless& (ll you have to do is register with us and that/s all& )o paperwork no ueues and )o registration charges& I.=ES( I. -6 +ndia +nfoline offers a host of mutual fund choices under one roof, backed by inGdepth research and advice from research house and tools configured as investor friendly& 5PP4A I. IP:s6 Mou could also invest in +nitial !ublic @ffers 0+!@/s1 online without going through the hassles of filling any application form' paperwork& 4* SS6 0Stay connected to the market1 The trader of today is constantly on the move so it is vital for him to stay connected to the market while on the move by subscribing to +ndia +nfolineJs Stock %essaging Service and get %arket on your %obile& There are three products under S%S Service6 %arket on the move $est of the lot >(S 0>alue (dded Service1 I.S?R5.+E6 (n entry into this segment helped complete the client/s product basket3 concurrently, it graduated the Company into a oneGstop retail financial solutions provider& To ensure ma,imum reach to customers across +ndia, it has employed a multi pronged approach and reach out to customers via its )etwork, #irect and (ffiliate channels& 8ollowing the opening of the sector in 1<<<G*KKK, a number of private sector insurance service providers commenced operations aggressively and helped grow the market& The Company/s entry into the insurance sector derisked the company from a predominant dependence on broking and euityGlinked revenues& The annuity based income generated from insurance intermediation result in solid core revenues across the tenure of the policy& "0*,& Problems 6ithin the or!aniMation 0i1 There is a lack of understanding amongst employees 7 B@#/s regarding the process of appraisal system& Bence the employees and their B@#/s should be given proper training to understand the importance of performance appraisal& 0ii1 There is a lack of interest in employees for attending the training program &+n order to overcome this, efforts should be made to make the training program interesting& 0iii1 Records including the candidate information sheet and references are assembled manually on papers& 9fforts should be made to handle this process electronically right from the commencement to the final step& 44 0iv1 Sometimes the interviewees are left waiting for a lot of time, which hampers their image about the company 7 its functioning& Bence, the waiting time should be reduced by increasing the number of BR personnel at the time of interview& "0E,& +ompetition Information RE4IG5RE ( diversified financial services group with a panG+ndia presence and presence in multiple international locations, Religare 9nterprises 2imited 0HR92H1 offers a comprehensive suite of customerGfocused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients& R92, along with its joint venture partners, offers a range of products and services in +ndia, including asset management, life insurance, wealth management, euity and commodity broking, investment banking, lending services, private euity and venture capital& Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund& I.DI5<?44S +ndiabulls is one of the top +ndian business houses with business interests in real estate, infrastructure, financial services, securities, retail, multiple, and power sectors& "roup companies are listed in +ndian and overseas financial markets& +ndiabulls was founded by Sameer "ehlaut, Rajiv Rattan and Saurabh %ittal who are engineering graduates from the +ndian +nstitute of Technology in #elhi& +ndiabulls has been conferred the status of a $usiness SuperbrandE by The $rand Council, Superbrands +ndia S25RE925. Share khan is online stock trading company of SS=+ "roup, provider of +ndiaGbased investment banking and corporate finance service& Share=han is one of the largest stock broking houses in the country& S&S& =antilal +shwarlal Securities 2imited 0SS=+1 has been among +ndia/s leading broking houses for more than a century&
4: "0F,& S;:( 5nalysis Stren!ths, Barmonious relationship between %anagement and 9mployees& +nternal trade union for decades& 2ow employee turnover& Strong sense of +)#+( +)8@2+)9 values at all levels ;ea/nesses, Surplus manpower Resistance to change Bigher age of employees 2ess (ccountability :pportunity, (mple scope for the product diversification @pportunity for top performers to move across group companies >ast potential in tapping new sales territories& (hreats, Severe competition from the e,isting competitors The Company may lose highly trained staff to its competitors
4; +25P(ER % 1:< DES+RIP(I:. & -?.+(I:.54 PR:-I4E anpo6er Plannin!3 Recruitment3 Selection & Induction are collectiBely called as DProcurement of PeopleC $0 anpo6er Plannin! %anpower planning is the process by which an organi-ation ensures that it has the right number 7 right uality of people at the right place 7 at the right time&E %anpower !lanning makes for different purposes at #ifferent 2evels&&& )ational SectorGwise +ndustry wise +ndividual unit based& Determinin! anpo6er Requirements6 %anpower reuirements are determined by the supply against the predicted demand and looking for manpower in future& This would give the number of people to be recruited or made redundant and will form the basis for manpower plan& :bjectiBes, @ne of the fundamentals objectives of a manpower plan for a manager is its utility as a planning control techniue &The purpose of having a manpower planning either in short run or in the long run is to have a estimate of the number of employees reuired with matching skill reuirements to accomplish organi-ational goals& +t is determined on the following basis in an organi-ation6 @rgani-ation Chart (ttrition Restructuring 4A #iversification 9,pansion (dvantages %aintains right no& of people %onitors e,cess 7 deficit 9stimates of Total, temporary 7 permanent people %aleGfemale work force ratio #etermines trend of promotions, transfers 7 dismissals Belps in determining attrition Check status of recruitment pool $oosts "eographical mobility of labour 8acilitating smooth working even after e,pansions, mergers, diversification etc Belps in recogni-ing training reuirements !rovides support in career development of employee 4? "0 Recruitment %eaning6 Recruitment is the process of identifying sources for prospective candidates and encouraging them to apply for a particular job or jobs in an organi-ation& !urpose6 The aim of recruitment is to develop and maintain adeuate manpower resources upon which an organi-ation can depend& +t involves seeking and attracting a pool of people from which ualified candidate for job vacancies can be chosen& )ature6 +t is a DPositiBe ProcessC because it encourages people to apply and is concerned with adding more and more people to the pool& S:?R+ES :- RE+R?I(E.(, I.(ER.54 S:?R+ES 0i1 Transfers 7 !romotions Sometimes employees are availed in the company by internally moving them from one department to other, one branch to other 0transfers1, or at higher levels in the hierarchy 0promotions10 0ii1 ReGemployment !eople who have worked with the company can be brought in again depending on the situation& +n this case it also becomes very easy to track these people as their records already e,ist with the company& 45 +nternal Sources 9,ternal Sources E@(ER.54 S:?R+ES 0i1 (dvertisements ( well thought out and planned advertisement for an appointment reduces the possibility of unualified people applying& @rganisations often spend large amounts of money and time in shifting and processing applications& 0ii1 9mployment e,change and agencies 9mployment e,changes, with branches in the most cities can also generate applications& Their main functions are registration of job seekers and their placement in notified vacancies& +n addition to government agencies, there are several private employment agencies especially retained by organi-ations at certain fee, usually to select personnel for supervisory and higher levels& 0iii1 !resent employees 0Referrals1 >ery often, selection has to be made from within the organi-ation because of contracts with unions 7 officers (ssociations& 0iv1 #eputation (nother source of recruitment is deputation from other organi-ation& Since the person possess certain abilities useful to another organi-ation& Be is deputed to it for a specified duration& #eputation is useful because it provide ready e,pertise& 0v1 Campus Recruitment Some organi-ation has recently started visiting college campuses for recruitment purpose& 0vi1 Cord of %outh +ndian organi-ation also practiced the word of mouth method of recruitment present employees tell and acuaintance of the vacancies in the company& (nother form of recruitment is employee pinching& 0vii1 !oaching 4< +t is the infamous act of attracting competitor/s employees in to your company by offering a better salary package or other attractive opportunities& %0 Selection %eaning6 +t refers to the process of offering jobs to one or more applicants from the applications& "reat attention has to be paid to the selection because it means establishing the best fitE between job reuirement on one hand and candidates ualification on the other hand& !urpose6 To select the most suitable candidates from among the applicants keeping in view the job analysis information& )ature6 +t is a D.e!atiBe ProcessC in the sense that it involves rejection of unsuitable or less suitable candidates& :K -i!0 Process of Selection InterBie6 (the most common tool for Selection), +t consists of interaction between interviewer and the applicant& +f handled properly, it can be powerful techniue in achieving accurate information and getting e,cess to material otherwise unavailable& : =inds of +nterviews for Selection have been identified6 1& Preliminary interBie6G these interviews are the preliminary screening of the applicant to decide whether a more detailed interview will be worthwhile& *0 Stress interBie6& +t is the deliberate attempt to create pressure to observe how an applicant performs under stress& +t helps to demonstrate candidate/s personality& :1 Screening +nterview (pplication $lank 7 Scrutiny Selection Tests Selection +nterview Dse of References !hysical 9,amination Select in Select in Select Select in Select in Select in Reject @ut Reject @ut Reject @ut Reject @ut Reject @ut Reject @ut 8inal #ecision on basis of Bighest Score @btained by an (pplicant 40 Depth interBie6G +t goes into the complete life history of the applicant& +t is costly and time consuming& :0 Patterned interBie6G They are combination of direct and indirect uestioning of the applicant& This interview also encourages the candidate to e,press the relevant information freely& :* Induction or :rientation +t is the process of introducing the new employee to the job and the organi-ation& +t is also a process of sociali-ing the new employee with his fellow employees, superiors and subordinates& :bjectiBes %ake the new employee feel acuainted to the company/s business, procedures and processes& To give inputs to the individual about his'her privileges as an employee and duties that accompany them To familiari-e the new employee with various functions at metropolitan To help define the individual role in the organi-ation 5dBanta!es 9nables employee to settle in the company and become productive 9nsures that entrants are highly euipped ,prepared and motivated (ssists in reducing staff turnover, costs associated with recruitment, training, lost productivity %0$,&End to End Recruitment Process (5ctual) in India Infoline Recruitment or !rocurement of peopleE !rocess T anpo6er Plannin! NO Recruitment NOSelection NO Induction +t is one of the most imperative and innate process of BR#& +ndia +nfoline operates from different locations but its employees are being managed from the Centrali-ed B@& 8or strengthening its backbone the company has a very well built recruitment system weaved on strong and reliable processes& :4 $0 5.P:;ER P45..I.G %anpower !lanning in +ndia +nfoline is structured on the following 4 !arameters6 ChenU ChyU BowU (ime InterBal 0CB9)U1 +t means the periodicity or the time intervals at which the %anpower !lanning takes place& 0i1 Continuous $asis This type of planning keeps on happening on a regular basis 0may be weekly or monthly1 wherein the recruitment reuirements keep on flowing simultaneously to the recruitment team from different departments 0ii1 Scheduled $asis +n the beginning of every year the %anagement forecasts the %anpower reuirement of the whole organi-ation, based on certain information like the branches they to be opened in different locations in the current year ,the daily activities 0Cork load1, the facility to be provided to assist clients, and the new activities ' new products to be launched& 0iii1 @n the @ccurrence of an 9vent' Change +f the company is planning to undergo some kind of change 0e,pansion, restructuring or diversification1 then they would need to plan accordingly if this particular change does not fall in the Mearly Schedule of %anpower !lanning& (he <asis 0CBMU1 :: +t refers to the reasons, criteria or the basis for the manpower planning being done in the company& 0i1 @rgani-ation Chart +t is a flowchart' tree representation containing the information of the minimum positions reuired to function the organi-ation effectively and efficiently& So, the organi-ation first looks at filling in these minimum reuired positions and then looks at other reuirements& 0ii1 (ttrition The BR (udit team maintains the numbers such as6 !eople leaving every month !eople joining every month Total head count at the beginning of the month Total head Count at the end of the month @n the basis of this data attrition is calculated every month with the help of following formula6 5ttrition Ratio P Q(:penin! 2+&+losin! 2+)):penin! 2+RS $## The trend in the attrition rate is studied for a period of time which supports the basis for manpower planning& 0iii1 9,pansion Chen the company decides to undergo large scale operations in the same business they need more than e,isting workforce to carry out the increased set of activities, which becomes a basis for manpower planning& 0iv1 #iversification Chen the company decides to e,pand or grow by adding a new type of business to their e,isting business profile then the company is diversifying and needs e,tra people from that field to run the business& :; 0v1 Restructuring Chen company undertakes some right si-ing or downsi-ing or anything else then the company reuires a sound manpower plan for doing it effectively& (he Process 0B@CU1 +t means how this planning is done& +t is done at the corporate levelE and not at the BR# level& The !lanning includes the top heads of all the departments including the BR head and recruitment head& :A "0 RE+R?I(E.( & SE4E+(I:. RE+R?I(E.( +t includes reuisition from the branches communicated to recruitment team wherein the entire manpower reuirement has to go through Buman Resource #epartment& The monthly reuirements are sent by the $ranch head, gets approved by Regional Bead')ational sales Bead before being sent to the recruitment team& The branch head sends the reuirements with the following details6 )o& of reuirements specified with positions and departments Iob description The ualification, personality, location, e,perience reuirements and also the salary to be paid& Drgency 2evel 0i&e& 2ow, %edium, Bigh1 The reuisitions are filled in on the basis of their urgency levels& :? Reuisition from $ranches communicated to Recruitment Team Sources of Recruitment Sourcing 7 Selection !rocess @n $oarding 2i!hG !erson very urgently reuired, it means T(T 0turn around time1 is *G4 days& Such reuisition will be filled above all other reuirements& ediumG !erson reuired urgently but not as urgent as the high level reuirement, it means T(T is ?G1K days& Such reuirement will be filled after filling the high level reuirements& 4o6G !erson reuired but not urgently, it means T(T is around 1;G*K or more days& Such reuirements will be filled after the high and medium level reuirements& $ranch Bead then finally sends the reuisitions to Recruitment Team i&e& the Recruitment Bead located in %umbai or may directly send to the sourcing Team in #elhi')oida $ranch depending on the situation& Sources of Recruitment Recruitment Team decides out of the following Sources of Recruitment (i) 1ob Portals This is the most largely used source by the +ndia +nfoline Recruitment Team& +ndia +nfoline has a tieGup with * portals from which the most commonly used is www&naukri&com Payment made to the 1ob Portal, ( Iob portal normally charges between Rs& 1KKKKKG1;KKKK from the company for the duration of one year& #uring this period the company can download any no& of resumes from the website which means it provides for unlimited use& The !ortal provides the company with a uniue 2ogin )ameE and !asswordE through which the company can use the !ortal& ?ses of portals, The company uses this portal to !ost Reuirements through the !@ST R9SD%9E Search Resumes with the R9S#9PE feature on the naukri portal :5 (ii) +onsultants Consultants are normally used in * cases6 Chen there is a shortage of good uality resumes on the portal Chen the reuirement includes senior posts like B@#, >!, 9>! etc Process for empanellin! consultants for India Infoline 9very Consultant has to agree on the company/s terms and conditions& They need to send their company profile, and the signed copy of the agreed vendor form& Consultants are judged on the basis of their performance in the trial period 7 the uality of C>s they send in order to maintain future contracts with them&
+onsultantIs fee chart !articulars N of CTC Service Ta, 9,perience up to ; yrs 5&44 1*&*: 9,perience b'w ;G5 yrs 1K&44 1*&*: 9,perience more than 5 yrs 1*&44 1*&*:
Process of payment of consultantIs fee @nce the person is finali-ed, the Consultant gets in touch with Recruitment Team, but payment is made only after the candidate has completes 4 months in the organi-ation& Receiving invoices from consultants against the placements of their candidates in +ndia +nfoline family& !roviding bills to Recruitment team member for checking details through focus' duplicacy check up !rovision of the bills by the team members with candidate details 0checked through focus1 (pproval mail from branch manager "etting cheues against the bills "iving cheues to team member for dispatching& "etting %+S of replacement 'pending payment on weekly basis& :< !rovision of invoices to the team members for cross verification by branch manager and T2 Cross verification of the employee/s joining !rovision of the bills by a team member with candidate details 0checked through 8ocus1 and an approval mail from branch "etting cheues against the bills "iving cheues to the team members for dispatching Sending report for payment done on daily basis Sending %+S of pending payment to recruitment T2 on weekly basis +onditions Settled 6ith +onsultants !ayment will be made to the consultants after the candidate completes 4 months with the company +n case the employee leaves the company before completing 4 months in the company then the consultancy will have to provide a replacement for him +n the above cases if the employee leaves within 1 month, the payment of the consultant will be withheld and if he leaves after 1 month and before completion of 4 months then his further payments due in the company will be withheld (iii) +ampus Placement 9very year the @rgani-ation hires from Campus !lacement& The recruitment team decides the campuses to visit The campus placement starts from )ovember to 8ebruary every year #ifferent colleges get in touch with +ndia +nfoline recruitment team& +ampus Placement Process Communicating with different colleges for the placement Coordinating between branches and the colleges followed with chalking out ;K dates to finali-e the interview dates Conducting campus interviews and filtering the candidates !roviding a list of filtered candidates to the branch head for final round of interview Collecting the list of finally selected candidates Serving the filtered candidates to the respective branches (iB) Employee Referrals +ndia +nfoline welcomes references given by its e,isting employees& +t forms a sound source of recruitment& (B) 5dBertisement +t is also used for certain types of positions depending on the reuirement 5ssi!nin! 6or/ to (eam embers The Total no& of Reuirement to be filled are assigned by the Recruitment Bead 0situated in %umbai1 to the Recruitment Team in #elhi')oida branch The Team then decides the reuirements to be worked on first and hence forth depending on the specified urgency 2evel 0i&e& high, medium, low1 Then the reuirements to be worked upon are divided among team members on the basis of * factors (bility of the recruitment team member to handle a particular reuirement Seniority of the reuirement being worked upon 0vi1 ;al/&Ins 0this is need based16 Calk V+n drive is initiated in case the demand for man power gets beyond control& ;1 SE4E+(I:. +t comprises of the following steps6 0i1 The recruitment team shortlists or screens the Resumes 0from the decided Source of Recruitment1 matching them up with the I# 0Iob #escription1 provided& This falls in the daily activity of the recruitment team& 0ii1 These short listed resumes are forwarded to the concerned departments or to the concerned departments in the concerned branches for further short listing &The person who has the reuirement scrutinises the resumes more specifically 0closer to the reuirement1 and hence minimises e,tra time, effort money being wasted on the company/s and the candidate/s part !lacement ratio 0i&e& Resumes to be forwarded per Reuirement1 to be achieved by the recruitment team is 4 per Reuirement& 0iii1 Receiving back the further short listed resumes and calling up the candidates to ask for their availability 0willingness for the job1 and finali-ing the list of willing Candidates Rounds of InterBie6s &&(elephonic InterBie6, Screening is done by calling the candidates Screened candidates are then lined up on a particular date by calling them up The candidate arrives 7 fills up a Candidate +nformation SheetE and a Reference 8ormE &&;ritten (est 0where reuired1 Chen candidates arrive in the company a written test is taken in the BR# itself for departments where reuired 0like accounts, +T etc1 &&InterBie6 These candidates are then made to face the 1 st face to face interview ;* Then candidates are further short listed on the basis of the telephonic interview and the 1 st round of interview Resumes of selected candidates are shown to the #epartment Beads from where the reuirements have flown in (vailability of time is then discussed with them to coGordinate the interview #ate and time with the selected candidates The candidates are then called and lined for the final interviews with the concerned department heads &&-inal InterBie6 The final interviews are then conducted in the respective departments and the final list of selected candidates is prepared on the basis of final interview& 0v1 Reference Check ( reference check is made for the employee selected from the references specified in the reference form filled by the candidate Checking whether the candidate selected has applied for any job in +ndia +nfoline earlier or not 0as a person rejected earlier in the company/s selection process cannot be selected before A months1 0vi1 @ffer @ffer letter is issued to the people selected 0vii1 Recruitment Tracker 9very week the team 2eader prepares the Recruitment Tracker, which gives the status of the open and closed positions& ;4 :n& <oardin! 0i1 (ppointments +f the candidate accepts the offer given by the company within the time specified he is onGboarded and issued the appointment letter including all the Terms 7 Conditions of employment and the Salary $reakGDp attached along with it& 0ii1 Ioining The Ioining team then takes up the employee/s case and e,ecutes all his joining process including obtaining his documents, employee code generation, eGmail id generation etc& 0iii1 Dpdating the %+S The joining team provides all the data and documents obtained from the candidate and update all the information in the %+S maintained by the #ata Dpdation Team& 0iv1 @pening of $ank a'c and other details regarding salary processing ;: %0 I.D?+(I:. (fter the employee is onGboarded and has joined he needs to be introduced to the organi-ation, his work environment and his colleagues& !reG Ioining The !reGIoining formalities are taken care by the Ioining Team !ostG Ioining (fter the employee has been onGboarded and has joined he is forwarded to the concerned department by the Recruiting %anager from the BR# where he is introduced to the organi-ation, work environment and his colleagues& Be is attended by his reporting manager in the concerned department Be is then taken through T(R 0take a round1 in the department where he is introduced to the employees of the department Be is given a separate area of work 0including his !C, stationery, etc1 Be is informed about the company/s normal routine as well as specific guidelines Be is also made to read 0if reuired1 the writeGups concerned with his work area Be is also supported by the Reporting %anger for some time for all kinds of help ;; Summary of the End to End Recruitment Process in India Infoline ;A Recruitment team decides the sources of data (ssigning work to team members 0BR1 $ank (ccount and other details reuired for Salary !rocessing Conducting Telecoms 7 !&+nterviews Short 2isting Resumes 8orwarding Resumes to Concerned #ept& for Short 2isting Receiving back the short listed Resumes +nuiring availability of these candidates via !hone 8inal round managers 2ining up for +nterviews 8inal Selection Reference Checks @ffers @n $oarding (ppointments Ioining Dpdating the BRG%+S 9mployee code "eneration 9Gmail generation +nduction "etting reuirement from $ranch %0",& Recruitment 2ierarchy in India Infoline +nterface of Recruitment 8unction with other #ivisions +25P(ER7 ;? (%G T7# #elhi (%G T7# #elhi (%G Recruitments 08!#1 #elhi (%G Recruitments 0)onG8!#1 )oida >!G Recruitments 0%umbai1 Sr& %anager V Recruitments W )orthW Recruitment Ioining @ffers BR (udit Training 7 #evelopment (ppointments 4E5R.I.G E@PERIE.+E & I.SIG2(S G5I.ED Buman %anagement resource approaches within any business organisation are focused on meeting corporate objectives and reali-ation of strategic plans through training of personnel to ultimately improve company performance and profits 09orsten3 "##%1 Buman Resource %anagement theories focus on methods of recruitment and selection and highlight the advantages of interviews, general assessment and psychometric testing as employee selection processes& The recruitment process could be internal or e,ternal or could also be online and involves the stages of recruitment policies, advertising, job description, job application process, interviews, assessment, decision making, legislation selection and training 09orsten "##%3 1ones et al3 "##81 RE+R?I(E.( !eople are integral part of an organi-ation& Recruitment and selection forms the foundation of the core activities and processes underlying human resource management and such activities include the acuisition, training and development, and rewarding performance of workers (Gilmore3 and ;illiams3 "##F)& )o organi-ation can run in the absence of its human resources& The success and sustainability of most organi-ations is directly proportional to skills and competencies of the employees& 9ually, the entry point into any organi-ation is dependent on the effectiveness of the recruitment and selection practices of the hiring team within the organi-ation& +n today/s highly competitive and comple, world choice of apt person at the right place and right time is vital for an organi-ation/s functioning& ( well selected employee would not only facilitate efficient running of the organi-ation but also offer potential for future& Thus in such environment hiring becomes an important function& The process of hiring commences from human resource planning 0BR!1 with the help of which we can determine the manpower reuirements of a company& Iob (nalysis and Iob #escription helps in specifying the kind of people reuired in organi-ation and hence hiring& The hiring function is ongoing and stops only when an organi-ation ceases to e,istE ;5 eanin! of Recruitment (ccording to Ed6in <0-lippo Recruitment is the process of searching the candidate for employment and stimulating them to apply for jobs in the organi-ation& 08lippo, 1<5:1E& +t is the activity which links the employer and job seekers& (ccording to Aoder, Recruitment is a process to discover the sources of manpower to meet the reuirements of the staffing schedule and to employ effective measures for attracting that manpower in adeuate numbers to facilitate effective selection of an efficient working force&E Thus, we can say that6 Recruitment is the activity that links the employers and the job seekers& +t is a process of finding and attracting capable applicants for employment& +t begins when new recruits are sought and ends when their applications are submitted& The result is a pool of applications from which new employees are selected& +t is the process to discover sources of manpower to meet the reuirement of staffing schedule and to employ effective measures for attracting that manpower in adeuate numbers to facilitate effective selection of an efficient working force& Recruitment of candidates is the function preceding the selection, which helps to create a pool of prospective employees for the organi-ation so that the management can select the right candidate for the right job from this pool& The main objective of the recruitment process is to e,pedite the selection process& Recruitment is a continuous process whereby the firm attempts to develop a pool of ualified applicants for the future human resources needs even though specific vacancies do not e,ist& Dsually, the recruitment process starts when a manger initiates an employee reuisition for a specific vacancy or an anticipated vacancy ;<
SE4E+(I:. Selecting a suitable candidate can be the biggest challenge for any organisation& 5ccordin! to Dale Aoder & HSelection is the process in which candidates for employment are divided into * classes G those who are to be offered employment and those who are not&H The success of a sales organisation largely depends on its staff& Selection of the right candidate builds the foundation of any organi-ationJs success and helps in reducing turnovers& (ccording to 01ean 0 <arclay3 Glas!o6 +aledonian ?niBersity3 $FF*) +nterviewing is still the most commonly used method of selection in employment, in spite of the fact that many studies have shown it to be a very flawed techniueE Chile some human resource managers are aware of the interview/s shortcomings, they nevertheless believe it to be effective in their own e,perience 09umra and <eech3 $FF71& +nterviewers maintain great faith and confidence in their own judgements and create an illusion of validityE 0Einhorn and 2o!arth3 $F*E1 +nterviewers can influence applicants/ job choices by increasing the perceived attractiveness of the job, not just by indicating obvious factors such as salary, but also through more indirect signallingE 0Rynes3 $FEF1 !ractitioners therefore need to be aware of the dual purposes of applicant attraction and selection in interviewing 0Eder3 $FEFK (o6nley3 $FF$1 $ehavioural interviews are based on the principle that the best predictor of future behaviour is past behaviourE 0Green and 2or!an3 $FE"1& (nother perspective suggests that psychologists overemphasise the importance of assessmentE in the selection procedure 02erriot3 $FE*3 $FEF1 Though there is no fool proof selection procedure that will ensure low turnover and high profits, the following steps are given by Dale Aoder to make up the selection process for the right sales personnel& AK Pre InterBie6 Screenin! & Preliminary InterBie6 This is generally the starting point of any employee selection process& !re +nterview Screening eliminates unualified applicants and helps save time& (pplications received from various sources are scrutini-ed and irrelevant ones are discarded& ( preliminary +nterview may be conducted as well& +hec/in! References %ost application forms include a section that reuires prospective candidates to put down names of a few references& References can be classified into G former employer, former customers, business references, reputable persons& Such references are contacted to get a feedback on the person in uestion including his behaviour, skills, conduct etc& +redit +hec/s %any Companies check the financial condition of a prospective employee& +f a person faces the burden of heavy loan or debt, a prospective employer would want to know that& (ests #ifferent types of tests are conducted to evaluate the capabilities of an applicant, his behaviour, special ualities etc& Separate tests are conducted for various types of jobs& Physical EGamination +f all goes well then at this stage physical e,amination is conducted to make sure that the candidate enjoys sound health and does not suffer from any serious ailment& 1ob :ffer The candidate who clears all the steps is finally considered right for a particular job and is presented with the job offer& (n applicant can be dropped at any given stage if considered unfit for the job& @nly after successfully clearing all the hurdles, an applicant can enjoy the feeling of being selected for a particular job& A1 A*
RE+R?I(E.(S 25.D4ED D?RI.G I.(ER.S2IP #uring the course of internship, + encountered an erratic flow of recruitment reuirements& This was probably due to the huge recruitment reuirements of the organi-ation !() +ndia and high attrition rate of the financial industry& ++82 has diversified itself into many non banking financial areas& Bowever + was able to source candidates for the following profiles& 11 Relationship %anager 0R%1, Sales %anager0S%1, Team %anager 0T%1 in financial product distribution 08!#1 like +nsurance, %utual fund, euity 2oans for #elhi')CR,Chandigarh, 2ucknow, =anpur, Iaipur& *1 R%, S%, T% in )on 8!# sector like Real estate and 9uity for 2ucknow, Iaipur 41 Sub G $rokers 0euity1 for the alternate channel for #elhi :1 BR e,ecutives 0+nsurance1 for )oida $ranch ;1 9uity #ealers for Iaipur 7 2ucknow (ll the above profiles had their own criteria for selection which depended upon their uniue Iob descriptions 0I#1& &Candidates were sourced according to their I# and further + was reuired to follow up with them till their selection or rejection& $elow are the steps that were involved for the end to end recruitment of a candidate, which can be well described by taking an e,ample A4 IDE.(I-I+5(I:. :- =5+5.+A Chen + joined +ndia +nfoline 2td as a summer intern, the recruitment for 2R& <usiness Partner had already started& BR $usiness partner is a senior officer grade profile resembling the job responsibilities of a generalist profile& Ce were only looking for candidates who were e,perienced in BR Recruitments in $8S+ sector& + had to find the resumes by searching on portals like www&naukri&com and www×job&com & (fter the training provided, + was all set to search appropriate candidates for the profile& PREP5R5(I:. :- 1:< DES+RIP(I:. (1D) 5.D PERS:. SPE+I-I+5(I:. +n order to search the apt candidates, understanding the job description and specification is e,tremely vital& )o candidate appears for an interview without going through the I# properly& + was provided with the job description of the profile by my mentor& Ce reuired post graduates in BR with minimum 4 years of e,perience in $8S+ recruitments += S+REE.I.G (2R:?G2 1:< P:R(54S The ne,t step was screening of appropriate resumes through Resede,& Resede, is a portal form which is filled in order to filter the search according to preference of position and the company& +t has various type of searches e,6G intello search, advanced search 7 manual search& +544I.G (2E +5.DID5(ES (fter shortlisting, the calling process started, and all the shortlisted candidates were given a call& (fter taking their BR rounds the appropriate candidates if interested were informed about the date, time and venue of the interview& @rgani-ing and aligning candidates for interviews, giving dates to the candidates, scheduling their interview, maintaining e,cel sheets for evaluation was done me and A: my colleague& Ce were responsible for coordinating the entire interview specifically for the positions handled by us& PREP5RI.G 4IS( :- SE4E+(ED +5.DID5(ES (fter making the results and mentioning them on the candidate information forms, the information is entered into the recruitment trackers& + was told to maintain the recruitment tracker by my mentor so that it becomes easy for him to compile the results of weekly recruitment drives& SE.DI.G :--ERS (: (2E SE4E+(ED +5.DID5(ES (fter the final round of interview by the business heads, the selected candidates are called for video conferencing with the >!& +n case of junior and middle level profiles they are directly given offer letters once they submit there salary slips and other reuired documents& 5++EP(5.+E <A (2E +5.DID5(ES (fter the offering made by the organi-ation, the candidate has to accept it and then join the organi-ation&
A; REP:R( :. <?SI.ESS ?.I( The internship was done under the guidance of %r& )ikhil Subrahmaniyam, Sr& %anager BR in the BR department of the company i&e& +ndia +nfoline 2imited& BR department is an integral part of any organi-ation, which takes care of the human resources 0i&e& the employees1, keeps motivating them so that the personnel can perform consistently to achieve the goal of the organi-ation collectively& BR% is the legal liaison between the organi-ation and the employees, they are to uphold the employment and safety laws 0@SB(, and civil rights act1 as well as follow the practices, which may differ within federal guidelines, that the employer authori-es& Corporations are always searching for better ways to produce goods and services& Chen new technological developments give some organi-ations a competitive advantage, their rivals try to catch up by adopting and improving on the new technologies& ( large part of the growth is the Buman Resources department of the company, who are responsible for hiring the people with the knowledge to bring new technology into the company& To be successful in the market, the company needs a highly skilled, fle,ible and committed work force, a fle,ible and innovative management, the ability to retain developed talent, and a strong partnership between management and labor unions& To achieve these goals, the company needs a talented BR department& $esides hiring the right people to manage and perform specific jobs, BR managers have to build up commitment and loyalty among the workforce by keeping them up to date about company plans, and laying out the implications for job security and working conditions& Such 6as the case 6hen I 6or/ed at India Infoline& 8rom the interview process to my e,it interview at the end of the summer, the BR department was every employeeJs main connection between the production floor and the upper management& The BR department kept us informed via biGweekly meetings, a company newsletter, and bulletinGboard postings throughout the office& Chenever a uestion arose, instead of asking middleGmanagement, an employee could go straight to the BR representative they were assigned to& AA BR #epartment is the backbone of any successful company, and without a talented group of people to hire, culture, and inform employees, the company is a sure shot failure& The business unit of +ndia +nfoline primarily includes )on banking financial Services and the business concentration is on euity, mutual funds and other financial products& The objective of the company is to provide satisfaction to its customer by providing an easy access to broking and dealing& India Infoline (II-4) group is a brokerage firm dealing in retail brokerage, institutional brokerage, consumer lending, institutional lending, realty and wealth management& +t has a network of *,;KK business locations spread over more than ;KK cities and towns across +ndia. A?
?.DERS(5.DI.G :- -?.+(I:.54 PR:+ESS (2E PR:+ESSES S(?DIED D?RI.G I.(ER.S2IP R9CRD+T%9)T Recruitment refers to the process of attracting, screening, and selecting ualified people for a job at an organi-ation or firm& The recruitment and selection is the major function of the human resource department and recruitment process is the first step towards creating the competitive strength and the recruitment strategic advantage for the organi-ations& Recruitment process involves a systematic procedure from sourcing the candidates to arranging and conducting the interviews and reuires many resources and time& 8or some components of the recruitment process, midG and largeGsi-e organi-ations often retain professional recruiters or outsource some of the process to recruitment agencies& The recruitment industry has five main types of agencies6 employment agencies& Recruitment websites and job search engines, HheadhuntersH for e,ecutive and professional recruitment, niche agencies which speciali-e in a particular area of staffing and inGhouse recruitment& The stages in recruitment include sourcing candidates by advertising or other methods, and screening and selecting potential candidates using tests or interviews& 5 -E; IP:R(5.( (ERS RE45(ED (: RE+R?I(E.(, 1:< 5.54ASIS The proper start to a recruitment effort is to perform a job analysis, to document the actual or intended reuirement of the job to be performed& This information is captured in a job description and provides the recruitment effort with the boundaries A5 and objectives of the search&
@ftentimes a company will have job descriptions that represent a historical collection of tasks performed in the past& These job descriptions need to be reviewed or updated prior to a recruitment effort to reflect present day reuirements& Starting recruitment with an accurate job analysis and job description insures the recruitment effort starts off on a proper track for success& S:?R+I.G Sourcing involves 11 5dBertisin!, a common part of the recruiting process, often encompassing multiple media, such as the +nternet, general newspapers, job ad newspapers, professional publications, window advertisements, job centers, and campus graduate recruitment programs& *1 Recruitin! research, which is the proactive identification of relevant talent who may not respond to job postings and other recruitment advertising methods done& This initial research for soGcalled passive prospects, also called nameGgeneration, results in a list of prospects who can then be contacted to solicit interest, obtain a resume'C>, and be screened& S+REE.I.G 5.D SE4E+(I:. Suitability for a job is typically assessed by looking for skills, e&g& communication, typing, and computer skills& Rualifications may be shown through rXsumXs, job applications, interviews, educational or professional e,perience, the testimony of references, or inGhouse testing, such as for software knowledge, typing skills, numeracy, and literacy, through psychological tests or employment testing& @ther resume screening criteria may include length of service, job titles and length of time at a job& +n some countries, employers are legally mandated to provide eual opportunity in hiring& $usiness management software is used by many recruitment agencies to automate the testing process& %any recruiters and agencies are using an applicant tracking system to perform many of the filtering tasks, along with software tools for psychometric testing& A< :.<:5RDI.G H@n boardingH is a term which describes the process of helping new employees become productive members of an organi-ation& ( wellGplanned introduction helps new employees become fully operational uickly and is often integrated with a new company and environment& @nboarding is included in the recruitment process for retention purposes& %any companies have onboarding campaigns in hopes to retain top talent that is new to the company, campaigns may last anywhere from 1 week to A months& SE4E+(I:. 9mployee Selection is the process of putting right men on right job& +t is a procedure of matching organi-ational reuirements with the skills and ualifications of people& 9ffective selection can be done only when there is effective matching& $y selecting best candidate for the reuired job, the organi-ation will get uality performance of employees& %oreover, organi-ation will face less of absenteeism and employee turnover problems& $y selecting right candidate for the reuired job, organi-ation will also save time and money& !roper screening of candidates takes place during selection procedure& (ll the potential candidates who apply for the given job are tested& $ut selection must be differentiated from recruitment, though these are two phases of employment process& Recruitment is considered to be a positive process as it motivates more of candidates to apply for the job& +t creates a pool of applicants& +t is just sourcing of data& Chile selection is a negative process as the inappropriate candidates are rejected here& Recruitment precedes selection in staffing process& Selection involves choosing the best candidate with best abilities, skills and knowledge for the reuired job& The 9mployee selection !rocess takes place in following orderG Preliminary InterBie6s& +t is used to eliminate those candidates who do not meet the minimum eligibility criteria laid down by the organi-ation& The skills, academic and ?K family background, competencies and interests of the candidate are e,amined during preliminary interview& !reliminary interviews are less formali-ed and planned than the final interviews& The candidates are given a brief up about the company and the job profile3 and it is also e,amined how much the candidate knows about the company& !reliminary interviews are also called screening interviews& 5pplication blan/s& The candidates who clear the preliminary interview are reuired to fill application blank& +t contains data record of the candidates such as details about age, ualifications, reason for leaving previous job, e,perience, etc& ;ritten (ests& >arious written tests conducted during selection procedure are aptitude test, intelligence test, reasoning test, personality test, etc& These tests are used to objectively assess the potential candidate& They should not be biased& Employment InterBie6s& +t is a one to one interaction between the interviewer and the potential candidate& +t is used to find whether the candidate is best suited for the reuired job or not& $ut such interviews consume time and money both& %oreover the competencies of the candidate cannot be judged& Such interviews may be biased at times& Such interviews should be conducted properly& )o distractions should be there in room& There should be an honest communication between candidate and interviewer& edical eGamination& %edical tests are conducted to ensure physical fitness of the potential employee& +t will decrease chances of employee absenteeism& 5ppointment 4etter& ( reference check is made about the candidate selected and then finally he is appointed by giving a formal appointment letter& +25P(ER ' RE+:E.D5(I:.S & +:.+4?SI:.S ?1 (fter being a part of recruitment and selection process of +ndia +nfoline, following are the recommendations 7 conclusions of the problems that i encountered and observed in the BR #epartment& $0 Increase no0 of people in the Recruitment team, Problem6 +ndia +nfoline is a company with more than *;KKK employees all recruited from the B@ but the number of people recruiting such massive number of workforce is just around ? which causes e,cessive burden per recruiter& This is one of the biggest reasons for the delays, inefficiency and incompetence shown by the Recruitment Team& Solution6 The no& of team members in the Recruitment Team should be increased to a satisfactory count so that a healthy Recruiter, Recruitee Ratio could be achieved& <enefits6 2esser work load on each recruiter +ncreased efficiency Time saving Bence better uality personnel recruited "0 andatory sendin! of 1ob Descriptions 6ith the requisitions from all Departments, Problem6 The process also surfaces inefficiency when the process recruitment chain breaks at a particular point and this has been clearly reported as one of the major problems by the recruitment team that departments do not attach I#s with reuisitions and also take a lot of time in responding back when resumes are sent for more refined screening to them after the initial screenings done by the Recruitment Team& Solution, The Beads of all the #epartments could be invited for a meet where they will be given a $rief about the Recruitment !rocess emphasi-ing on the link in the ?* chain where their role comes& This can be done by assigning the responsibility to a representative from the BR# of making a presentation to them about the Recruitment System& <enefits, Cill solve the process breakage problem Reduce the delays caused due to this %0 Study of :r!aniMation +hart 6hile anpo6er Plannin!, Problem, The recruitment team is being demanded to a lot of reuirements cropping from here and there all the time, this highlights that probably during the manpower planning all the concerned factors are not properly studied which is why there is a very unorgani-ed pattern of reuisitions coming in& Solution, The first thing that should be done while planning for the personnel every year is considering the basics i&e& is the study of the @rgani-ation Chart, this will certainly lead to the control on the pattern of reuisitions coming in& <enefits, 9ven pressure on each recruiter increases their efficiency as the recruitment team will have a prior set of chart as to what, when and how much they have to recruit, hence lessening the delays&
70 (o +onduct a ;or/& Shop in 2RD 6ith 2R representatiBes from each DiBision, Problem, BR# in +ndia +nfoline has a total no& of 1* divisions and all the people recruited for all BR functionalities are inducted and trained only about the particular division they will be a part of, which restricts their scope& So, a very major problem of coGordination is that the person sitting in a particular division knows only about his part of work and not that how is his work division will interface with other divisions leading to less understanding and importance of work& ?4 Solution, (ppoint a representative from each division and assign the responsibility of making a presentation containing the brief about his respective division 0its role, connection with all the other divisions and contribution to the entire recruitment process1&The %anager BR should support the entire activity and make an overall brief of the #epartment& Be should also try to conduct a work shop 0probably on Saturday, so that regular work does not get affected1 to combine and discuss all these presentations together in order to form the complete picture of the BR# to be understood by everyone& <enefits, +ncreases awareness Creates synergy among the department people !eople participating in the activity can be evaluated on this basis at the time of appraisals Cill also work as an induction tool %otivate people at work '0 ImproBe the Luality of Recruiters Problem, The recruiters/ uality needs to be worked on to improve the uality of new people coming in as only quality can recruit quality& Solution, Chile appointing additional recruiters for the team, more emphasis should be paid on the skills like communication, analytical ability, personality etc so that they bring in value to the entire system& 80 ReBisin! the laid do6n Systems, Problem6 There is a lot of unclearness and confusion regarding the systems, especially because The entire process is divided into 1* divisions The BR# is the focal point for all the branches in !an +ndia ?: The employees are not properly briefed about their roles Solution6 +t may be a mind boggling and tiring process but the %anagement urgently needs to undertake the revision of all recruitment systems and policies& <enefits, Reduced wastage of resources 0time, money and effort1 )o #elays and confusions +ncreased efficiency *0 Proper Induction Pro!ram should be implemented Problem6 The Company does have a formal induction program running& )ew employees are attended in a very casual manner and pre and post joining formalities are done by the Ioining Team which again leads to the employee feeling confused in understanding his roles and responsibilities properly& Solution6 The management should work out a proper +nduction !olicy as soon as possible as it is one of the most affecting drawbacks in the system& The biggest evidence for this is the (ttrition Rate 0currently **N1 <enefits, 9mployees will know their roles and responsibilities properly (ttrition rate will be controlled 9mployees will be motivated 9mployees will be able to make their own comfort -one and will adapt to the new environment easily E0 (&D also for Recruiters ?; Problem, Training and #evelopment !rograms are running only for the Sales personnel in the organi-ation, but sometimes Recruiters should also be trained& Solution, Recruitment team should be trained in various areas like Dpdating knowledge on working on %icrosoft @ffice Communication Skills 2atest +nterview %ethods Time %anagement %+S %aintenance <enefits, Time Saving %aking the Selection !rocess 0specially interviewing part more competent1 !ersonality #evelopment and growth of recruiters F0 a/e ReserBe for Sales Personnel Problem6 The ma,imum no& of reuisitions come from the sales department 0%ore than ;KN of the total1 which is uite difficult to handle& This is a fact that the entire business depends on this category of personnel so the people reuired need to be very competent& Solution6 GG Recruitment Team can make an +nitial Reserve for this category of employees& !ercentage of candidates taken from the campuses should be increased as management students are generally good with sales and marketing skills <enefits6 %anaging delays %anaging Cork !ressure ?A $#0 Selection Process should be made more competent, Problem6 The selection rounds taken for most of the reuisitions are uite easy and casual which leads to the selection of incompetent employees& Solution6 The Selection procedure should be made more difficult 7 competent& +t should be divided into number of rounds with varied judging criteria <enefits6 The uality of candidates will become worth the cost incurred on recruitment +ncreasing the efficiency 7 uality of the entire recruitment activity 110 <rand Ima!e should be made stron!er !roblem6 The company/s ignorance towards its brand image6 Solution6 The company should go for reGbranding or promotional activities in order to enhance its public image <enefits6 The company/s improved public image would help it in attracting more talented pool of candidates for recruitment resulting in selection of uality human resource& $$0 Reconsider the brea/ up in 6hich Recruitment Sources are used, Problem6 %ajor share of recruitment is done through job portals like .au/ri0com& @ther sources are used very rarely& Solution6 Reliability on one source is highly inadvisable if the organi-ation wants to have a uality recruitment process& So they should increase the proportions of other sources specially advertisements and campus hiring, poaching could also be increased slightly for certain positions& ?? <enefits6 (dvertisements if used for positions too large in number will save the money and effort of screening portals Campus Biring will bring in uality employees !oaching will increase strategic competence +t would also bring some relief for the recruiters from the monotonous work process of the portal ?5 9EA 4E5R.I.GS Studying the recruitment and selection process in +ndia +nfoline, + came to a conclusion that the human resource department does great efforts to provide a company with efficient workers& +t continuously strives to improve their working& +t is a separate department which is entrusted with the task of giving the company best possible technical workers which it performs pretty well&& The company is continuously providing facilities to its BR# in order to improve its functioning& (fter the completion of my internship, + have learnt a lot about the actual practices taking place in the corporate world& + came to know that the work done in any organi-ation has to be done with full dedication and sincerity, because even a minor mistake could result in huge confusions and losses in the company& Sometimes, the effect of not meeting the deadlines on the lower level could be seen up to the highest level and thus the position of an employee in the hierarchy doesn/t matter& Cork should be given priority and the deadlines should be met accordingly& ( dignity of the post should be maintained and a specific distance should be kept between a senior and junior during office hours no matter how casual the relationship is outside the organi-ation& + got a chance to report to two different mentors during my internship, and both of them had different working styles, and thus + came to know a lot about what a senior wants from the subordinate& )o matter what, one should try to please your immediate reporting head with your work& (part from these + also learnt the recruitment, selection process, and how these processes are implemented practically& + reali-ed that when practically done, these processes are very different from the theoretical descriptions read in the books, however most of the steps of recruitment go simultaneously& (t ++82, + learnt a lot about corporate culture, professional interactions and dealings as + was also given the chance to attend interviews, specifically of the profiles recruited by me& @ne has to work with full dedication 7 sincerity during work hours ?< and always try to complete the work assigned on time so that the pending work doesn/t lead to an interruption in contributing towards the success of the organi-ation&