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Recruitment Factors at Bank
Recruitment Factors at Bank
ASSINGMENT
In
RESEARCH METHODOLOGY & FUNDAMENTALS
OF MR
MEANING OF RECRUITMENT
According to Edwin B. Flippo, “Recruitment is the process of searching the
candidates for employment and stimulating them to apply for jobs in the
organization”. Recruitment is the activity that links the employers and the
job seekers. A few definitions of recruitment are:
A process of finding and attracting capable applicants for
employment. The process 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.
4. COST
Recruitment incur cost to the employer, therefore, organizations try to
employ that source of recruitment which will bear a lower cost of
recruitment to the organization for each candidate.
5. GROWTH AND EXPANSION
Organization will employ or think of employing more personnel if it is
expanding its operations.
EXTERNAL FACTORS AFFECTING RECRUITMENT
The external forces are the forces which cannot be controlled by the
organization. The major external forces are:
1. SUPPLY AND DEMAND
The availability of manpower both within and outside the organization is an
important determinant in the recruitment process. If the company has a
demand for more professionals and there is limited supply in the market for
the professionals demanded by the company, then the company will have to
depend upon internal sources by providing them special training and
development programs.
2. LABOUR MARKET
Employment conditions in the community where the organization is located
will Influence the recruiting efforts of the organization. If there is surplus of
manpower at the time of recruitment, even informal attempts at the time of
recruiting like notice boards display of the requisition or announcement in
the meeting etc will attract more than enough applicants.
3. UNEMPLOYMENT RATE
One of the factors that influence the availability of applicants is the growth
of the economy (whether economy is growing or not and its rate). When the
company is not creating new jobs, there is often oversupply of qualified
labor which in turn leads to unemployment.
4. COMPETITORS
The recruitment policies of the competitors also affect the recruitment
function of the organizations. To face the competition, many a times the
organizations have to change their recruitment policies according to the
policies being followed by the competitors
FACTORS OF RECRUITMENT WHICH WE HAVE
CONSIDERED WHILE DOING A SURVEY.
1) QUALIFICATION
4) COMPUTER SKILLS
Computer skills refer to one's ability to utilize the software (and
sometimes hardware) of a computer.
They include:
Being able to use internet and any other software required for
banks.
5) COMMUNICATION SKILLS
7) NEGOTIATION
PIE DIAGRAM:-
Projects Handled Qualification
Team Work 8% 13%
10% Work Exp
10%
Attitude
9%
BAR GRAPH:-
450.00
400.00
350.00
300.00
250.00
200.00
150.00
100.00
50.00
e
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Pe
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at
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Q
ec
ic
ot
om
un
oj
eg
C
Pr
m
N
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C
419.00 375.00 351.00 378.00 399.00 341.00 334.00 333.00 365.00 296.00
MEAN
4.19 3.75 3.51 3.78 3.99 3.41 3.34 3.33 3.65 2.96
STD.DEV
0.9608 0.78335 0.81023 0.78599 0.73161 0.82993 0.89013 1.00559 1.22578 1.31316
Now according to this survey, the outcome is that the sample size
chosen has given more importance to the factors like attitude,
Team work, Projects handled. These factors have to be given more
importance while recruiting the employees for the mid-level
banking sector.