1
A PROJECT REPORT
ON
EFFECTIVENESS OF RECRUITMENT PROCESS
AND
ANALYSIS OF EMPLOYESS SETTLEMENT
AT
BAJAJ ALLIANZ
SUBMITTED...
2
Chapter
No.
Chapter Name Page no.
1 Executive summery 1
2 Introduction of subject 3
3
3.1
3.2
3.3
3.4
Introduction of Ba...
3
ACKNOWLEDGEMENT
It would be grateful on my part to go ahead with this report expressing my
gratitude to all those who ha...
4
CERTIFICATE
This is to certify that Ms. Pallavi N Patankar is bonafide student of our institute.
She has successfully ca...
5
world had joined hands with famous Bajaj Auto one of the trusted name in
automobiles and house industry in India. This p...
6
7
INTRODUCTION
OF
SUBJECT
8
2 INTRODUCTION TO SUBJECT
Any organization whether business or otherwise requires number of resource
for its effective a...
9
RECRUITMENT
RECRUITMENT:
The term recruitment is an inseparable process in the world of globalization.
Today it has been...
10
Definition:
Recruitment defined by Flippo as a process of searching for prospective
employees and stimulating them to a...
11
DIFFERENCE BETWEEN RECRUITMENT AND SELECTION
Recruitment is the process of searching for prospective employees and
stim...
12
3. Intermediaries.
4. Recruitment at gate.
5. Unsolicited Application.
6. Advertisement.
7. School, College, University...
13
RECRUITMENT PROCESS:
Manpower Plan
Position Description
Manpower Requisition
Blank Application
Preliminary Interview
Ap...
14
SELECTION PROCESS:
The selection process is essentially a series of method of securing pertinent
information about the ...
15
INTRODUCTION TO SUBJECT
An organization is a combination of individual and groups. People in the
organization work; per...
16
FULL AND FINAL SETTLEMENT OF EMPLOYESS.
WHAT IT MEAN:
The term Full and Final Settlement of employees means when an emp...
17
PROCESS OF FULL AND FINAL SETTLEMENT IN BAJAJ
ALLIANZ.
In Bajaj Allianz the Full and Final settlement of the employees ...
18
d) To see Annual salary statement and verify deduction has been done or not.
Deduction like provident fund, professiona...
19
INTRODUCTION
OF
BAJAJ ALLIANZ
20
3 Bajaj Allianz Life Insurance Co.Ltd
Bajaj Allianz Life insurance Company Limited is a joint venture between Allianz
A...
21
CORE VALUE OF BAJAJ ALLIANZ LIFE INSURANCE
AND WHAT IT STANDS FOR
Core value of Bajaj Allianz
Understanding the custome...
22
VISION AND MISSION
Bajaj Allianz Life Insurance Co.Ltd
Shared Vision:
To be the best Life Insurance Company in India to...
23
INTRODUCTION
OF
INSURANCE , PRODUCT AND
BENIFITS
24
3.1 INSURANCE
INTRODUCTION TO INSURANCE:
Insurance is an instrument, which protect the financial loss arising out of an...
25
BENEFITS:
1. Insurance protection to dependent, Thrift saving, tax Benefits.
2. A husband, for instance, may buy an ins...
26
INTRODUCTION
OF
NATIONAL NETWORK
AND
DISTRIBUTION CHANNELS
27
3.2 NATIONAL NETWORK
Bajaj Allianz Life Insurance Co.Ltd is a large and diversified organization.
Bajaj Allianz Life In...
28
INTRODUCTION
TO
ORGANISATION GRADING STRUCTURE
29
3.3 GRADING STRUCTURE
Bajaj Allianz Life Insurance Co.Ltd
The internal grading structure in the organization is done by...
30
INTRODUCTION
TO
HIUMAN RESOURCES DEPARTMENT
31
3.4 HUMAN RESOURCE DEPARTMENT IN
BAJAJ ALLIANZ.
Policies:
In Multinational Company like Alliaz Bajaj HR planning and po...
32
The ultimate objective of the co. is in the growth of organization. If policies
are not made and implemented and proper...
33
STRUCTURE OF HUMAN RESOURCE DEPARTMENT
Head-HR
L4B
National
Mgr.Corporate
Hfgkfg
Asst. Mgr- HR
L2B
Dy. Mgr Hr
L2B
Jr Ex...
34
INTRODUCTION
OF
OBJETIVE OF PROJECT
35
4 OBJECTIVES OF THE PROJECT
Every project report is carried out with some specific OBJECTIVE in the
mind. Objective is ...
36
Research Methodology
37
5 Research Methodology.
Research Methodology is a systematic method of discovering new facts or
verifying old facts, th...
38
Secondary Data is the data, which is collected from the various books,
magazine and material, reports, etc. The data wh...
39
ANALYSIS AND INTERPRETATION OF DATA
40
6 ANALYSIS AND INTERPRETATION OF DATA
Since Recruitment and Full and Final system is important activity in any
organiza...
41
ANALYSIS AND INTERPRETATION OF DATA
Effectiveness of Recruitment.
Q.1. Are you satisfied with Recruitment system in Baj...
42
Q.2. Whether the Recruitment process is documented?
a) Yes b) No
Option a b Total
Response 6 4 10
% 60 40 100
0
10
20
3...
43
Q.3. Whether the Recruitment process is documented if YES than the
substances level of its knowledge to others is:
a) C...
44
Q.4. Whether the Recruitment system is transparent at all level?
a) Not at all b) To some extent c) To great extent.
Op...
45
Q.5. Is the Recruitment process uniform at all level?
a) Yes b) No c) varies as per department.
Option a c Total
Respon...
46
Q.6. Whether the other department head is constitutes in the interview of the
recruitment process?
a) Totally linked b)...
47
Q.7. Whether the response of HR department or person on vacancy is?
a) Not slow b) slow c) Quick d) Very responsive e) ...
48
Q.8. Whether the written test design gives real advantage or satisfaction?
a) Not at all b) satisfaction c) Total Satis...
49
Q.9. Whether the duration of the written is?
a) Too short b) Not long c) Long d) Too long.
Options a c d Total
Response...
50
Q.10. How is the test evaluation of the recruitment process?
a) Fair b) Justified c) Not justified.
Option a b Total
Re...
51
Q.11. what is the criteria of selection in Bajaj Allianz of the requirement process if
Knowledge considered rate in per...
52
Q.12. what is the criteria of selection in Bajaj Allianz of the requirement process if
Knowledge + Experience considere...
53
Q.13. what is the criteria of selection in Bajaj Allianz of the requirement process if
Experience considered rated in p...
54
Q.14. Whether the middle level i.e. executive is aware of the recruitment
Process?
a) Not at all b) To some extent c) T...
55
Q.15. The major Man power source in Bajaj Allianz of recruitment process is?
a) Newspaper b) Internal recruitment c) Ca...
56
Q.16. Which is the most powerful method of the interviewing the candidate and
selecting the candidate in Bajaj Allianz?...
57
Q.17. Whether the selection in Bajaj Allianz is done on the basis of the merit?
a) Yes b) No c) Can t say
Options a b c...
58
ANALYSIS & INTERPRETATION OF DATA
Full and Final Settlement
Q.1. How is Full and Final Settlement System in Bajaj Allia...
59
Q.2. The content of Full and Final settlement is uniform at all level?
a) Yes b) No c) Various as per Grades or Positio...
60
Q.3. The duration taken for the Full and Final Clarence system is?
a) 1-2 days b) 3-5 days c) 5-7 days d) 7-15 days
e) ...
61
Q.4. The process of the Full and Final settlement is?
a) Small process b) Lengthy process c) Time consuming process.
Op...
62
Q.5. How is the dispatch system of document from all over India branches to
Head office of HR department for the proces...
63
Q.6. The data provided to Head office HR department from other Branches are
always correct for Full and Final process?
...
64
Q.7. How is the process of giving clearance by sales admin and finance
department after documents reaching and verified...
65
Q.8. The calculations and amount of the Full and Final settlement in Bajaj Allianz
done by HR of head office after gett...
66
Q.9. After the Clearance is over the Cheque issued in the name of the left
employees are received in how many days?
a) ...
67
OBSERVATIONS AND FINDINGS
68
7 OBSERVATION AND FINDINGS
Bajaj Allianz Life Insurance Co.Ltd and Bajaj Allianz General Insurance is leading
Company i...
69
11)The company concentrates more on recuirtment firm for the need of man
power.
12) The video camera is used for the in...
70
CONCLUSION
71
CONCLUSION
The overall Recruitment process in Bajaj Aliianz is satisfactory. There are certain
organization objectives ...
72
SUGGESTIONS
73
9 SUGGESTIONS
RECRUITMENT PROCESS SYSTEM
1) The recruitment process in Bajaj Allianz should be decentralized as per the...
74
9) The Full and Final settlement should be decentralized as per the 4 region and
process should be completed by region ...
75
ANNEXURE
76
ANNEXURE 1
The Questionnaire of Recruitment Processes System
Q.1. Are you satisfied with Recruitment system in Bajaj Al...
77
Q.4. Whether the Recruitment system is transparent at all level?
a) Not at all b) To some extent c) To great extent.
a)...
78
Q.10. How is the test evaluation of the recruitment process?
a) Fair b) Justified c) Not justified.
a) b) c)
Q.11. what...
79
Q.15. The major Man power source in Bajaj Allianz of recruitment process is?
a) Newspaper b) Internal recruitment c) Ca...
80
ANNEXURE 2
The Questionnaire Full and Final System
Q.1. How is Full and Final Settlement System in Bajaj Allianz?
a) Po...
81
Q.4. The process of the Full and Final settlement is?
a) Small process b) Lengthy process c) Time consuming process.
a)...
82
Q.9. After the Clearance is over the DD issued in the name of the left employees
are received in how many days?
a) 1-2 ...
83
ANNEXURE 3
84
BIBLIOGRAPHY
85
BIBLIOGRAPHY
Books
Human Resource Management
- Anjali Ghanekar
Manual
HRD Manual of Bajaj Allianz.
Websites
www.google....
This document was created with Win2PDF available at http://www.daneprairie.com.
The unregistered version of Win2PDF is for...
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  1. 1. 1 A PROJECT REPORT ON EFFECTIVENESS OF RECRUITMENT PROCESS AND ANALYSIS OF EMPLOYESS SETTLEMENT AT BAJAJ ALLIANZ SUBMITTED TO UNIVERSITY OF PUNE IN PARTIAL FULFILLMENT OF MASTER IN BUSINESS ADMINISTRATION BY MS. PALLAVI NARENDRA PATANKAR M B A -II (2004-2006) VISHWAKARMA INSTITUTE OF MANAGEMENT PUNE. INDEX
  2. 2. 2 Chapter No. Chapter Name Page no. 1 Executive summery 1 2 Introduction of subject 3 3 3.1 3.2 3.3 3.4 Introduction of Bajaj Allianz In trodu ction of In su ran ce, produ cts an d benefits National Network and Distribution Channel Organization grading structure Introduction to Human Resource Department 15 19 22 24 26 4 Introduction of objective of project 30 5 Research Methodology 32 6 7 Analysis and Interpretation of Data Observation & Findings 35 63 8 Conclusion 66 9 Suggestions 68 10 11 Annexure Bibliography 71 80
  3. 3. 3 ACKNOWLEDGEMENT It would be grateful on my part to go ahead with this report expressing my gratitude to all those who have helped me in completion of my Project. I heartily thank BAJAJ ALLIANZ. For giving me an opportunity to carry out my summer project in well esteemed and diversified organization. I owe a debt of gratitude to Shri D.R. Kurane (HEAD HR) and Mrs. Sanjot Bhole (SR.Excetive) HR in head office pune. I am also thankful to the entire staff of HRD Centre, for the wonderful work environment and all those whose guidance and encouragement helped a lot in the completion of my summer project. I am also thankful to our director, Dr. Sharad Joshi and my project guide Dr. Vandana Gote and Prof. Gandhe for helping me in completing the project.
  4. 4. 4 CERTIFICATE This is to certify that Ms. Pallavi N Patankar is bonafide student of our institute. She has successfully carried out her Summer Project titled Effectiveness of Recruitment Process and Analysis of Employees Settlement At Bajaj Allianz, Pune. This is the original study of Ms. Pallavi N Patankar, and an important source used by her has been acknowledged in her report. The report is submitted in the partial fulfillment of two-year full time course of Master in Business Administration (2004-2006) as per rules of the Pune University. Dr. Sharad L. Joshi Dr. Mrs. Vandana Gote (Director) (Project Guide) EXCECUTIVE SUMMARY Bajaj Allianz Life Insurance Co.Ltd and Bajaj Allianz General Insurance is very well known Insurance Co in Pune & in India also with its largest insurer in the
  5. 5. 5 world had joined hands with famous Bajaj Auto one of the trusted name in automobiles and house industry in India. This project is titled as Effectiveness of Recruitment process and Analysis of Employees settlement in Baja Allianz Life Insurance & tries to find out the different aspects of Recruitment process and settlement analysis in company. Different officials working in the HR department have provided very important data in this respect. Formal and Informal interviews as well as the research (through questionnaire) are the basic methods of data collection used in this project work. Also secondary data provided by the company officials is of immense importance. Every effort has been made to understand the long term plans of company for implementing Recruitment process and Employees settlement. As the Insurance Co is a service industry; the employees serving in the company are the most important elements and that is why recruitment process becomes very important in the long run. The settlement analysis also gives the company the final version of Exit process. Taking into consideration this aspect, the effectiveness of recruitment program and analysis of employee s settlement. recently being carried out is been observed. From this project work; company officials will get new insights about Recruitment process and Full and Final settlement of employee s analysis. I have also acquired the knowledge of how the Recruitment process and Full and Final settlement of employees is carried in Bajaj Allianz Life Insurance Head Office Pune.
  6. 6. 6
  7. 7. 7 INTRODUCTION OF SUBJECT
  8. 8. 8 2 INTRODUCTION TO SUBJECT Any organization whether business or otherwise requires number of resource for its effective and efficient resources and out of various resources used the Human Resource constitute to be most important resource. Hence the selection of the human resource meeting the objective the organization is one of the important processes. In these processes the various term related to HRM are outlined as under: 1. Recruitment Process. 2. Full and Final settlement of the employees.
  9. 9. 9 RECRUITMENT RECRUITMENT: The term recruitment is an inseparable process in the world of globalization. Today it has been a linking activity brining together those with job and those seeking job. The recruitment process attracts potential employees to the organization. The smooth recruitment process can be carried out by personnel department or HR head in the organization. The recruitment process starts first with manpower planning. MANPOWER PLAN AND REQUISITION: Every position to be recruited shall be on the basis of an approved Manpower budget, which shall be sanctioned by the CEO of the company. Recruited against budgeted position will be required to be raised by the Department manager using the Manpower Requisition Form, the manpower requisition form has to be approved by the functional head and CEO of the Company in consultation with Head HR. The approved manpower requisition form shall form the basis for the commencement of the recruitment process.
  10. 10. 10 Definition: Recruitment defined by Flippo as a process of searching for prospective employees and stimulating them to apply for job in the organization . As per Yoder a process to discover the sources of manpower to meet the requirement of staffing schedule and to employ effective measure for attracting that manpower in adequate number to facilitate effective selection of an efficient working force , thus the purpose of recruitment is to locate sources of manpower to meet job requirement and job specifications. OBJECTIVE: The objective of recruitment process helps the organization to identify whether the selected employee working capabilities are satisfying the companies targets. FACTOR AFFECTING RECRUITMENT: 1. The size of organization 2. The employment conditions in the community where the organization is located. 3. The effect of past recruiting efforts which shows the organization ability to locate and keep good performing people. 4. The working condition, salary and benefits package offered by the organization. 5. The rate of growth of organization. 6. The level of seasonality of operation and future expansion and production programmes and the culture, economic and legal factors, etc.
  11. 11. 11 DIFFERENCE BETWEEN RECRUITMENT AND SELECTION Recruitment is the process of searching for prospective employees and stimulating them to apply for job in the organization. It s often term positive in that its objective is to increase the selection ratio, that is, the number of applicant per job opening. Maintains that hiring through selection. Selection is a process to eliminate applicants, leaving only the best to be placed in the organization. SOURCES OF RECRUITMENT: When organization is needed to fill a vacant organizational position, the individual may come from inside or outside the organization. There are two source of recruitment as follows: 1. Internal sources 2. External sources. The Internal source of recruitment means promotion of worker or employee from lower level to higher level. The recruitment process is carried within the organization. Mostly this process is used to fill vacancies of middle and top level personnel. The External source of recruitment is used to fill vacancies at lowest level or at the time of expansion of the organization of the firm or where job specification cannot meet by present employees. The commonly used outside sources are as follows: 1. Contact through present employees. 2. Former employees.
  12. 12. 12 3. Intermediaries. 4. Recruitment at gate. 5. Unsolicited Application. 6. Advertisement. 7. School, College, University and Technical Institution. 8. Employment Exchange. 9. Private Agencies. 10.Professional Bodies. 11.Personnel Consultant. 12.Part time employee.
  13. 13. 13 RECRUITMENT PROCESS: Manpower Plan Position Description Manpower Requisition Blank Application Preliminary Interview Application Form Personal Test: a) Intelligence test. b) Aptitude test c) Personality test. Employment Interview. Selection Medical Examination Appointment letter
  14. 14. 14 SELECTION PROCESS: The selection process is essentially a series of method of securing pertinent information about the applicant. At each stage, facts may come to light and more is learned about the applicant. The information obtained can be compared with the job specification, the standard of personnel. If the applicant qualifies, he advances to the next step; otherwise he is rejected. Thus, the job specification and the job applicant are present at each step in the selection procedure. Each step constitutes the means by which the applicant s Qualification can be compared with the minim requirement established in the job specification. The procedure may be compared to a series of successive hurdles or barriers which an applicant must cross. These are intended as screens, and they are designed to eliminate an unqualified applicant at any point in the process. Definition: Having identified the potential applicant, the next step is to evaluate their experience and qualification and make a selection. It refers to the process of offering job to one or more applicant from the application. Great attention has to be paid to selection because it means establishing the best fit between Job requirements on the one hand, and the candidate Qualification on the other.
  15. 15. 15 INTRODUCTION TO SUBJECT An organization is a combination of individual and groups. People in the organization work; perform with facilities necessary for its execution, that the duties performed provide the best channels for efficient, systematic, positive and co-ordinate application of available effort. But in an organization there are various problems like languages, socio-political, cultural background, lack of professional skill, miscommunication, and technology, no promotion, personal problems etc, which arises problem of Separation to employees from an organization. SEPARATION: Normally the company is interested in maintaining manpower and nourishing them. There are certain situation employee s leaves organizations due to various reasons as specified above. The company wants to settle there dues and whatever are due to employees they should take it. The settlement of dues is known as Full and Final Settlement of employees.
  16. 16. 16 FULL AND FINAL SETTLEMENT OF EMPLOYESS. WHAT IT MEAN: The term Full and Final Settlement of employees means when an employees leaves service of a particular organization and company wants to settle all there Dues and take all those monetary benefits which he has not received and some are received while leaving the organization only and the employee wants to settle that Finally. When an employee submits resignation letter, or is terminated, or has abandoned his services voluntary. The Full and Final settlement dues are calculated by HR person in the organization. The HR person finally prepares a statement of Full and Final settlement of employees. This process of calculation of amount payable and amount recoverable is called Full and Final Settlement of employees.
  17. 17. 17 PROCESS OF FULL AND FINAL SETTLEMENT IN BAJAJ ALLIANZ. In Bajaj Allianz the Full and Final settlement of the employees who has left service there Full and Final statement is prepared by authorized executive in HR department. The Full and Final statement is prepared by Head office authorized executive in HR department only. The settlement is done as per following procedure. In Bajaj present scenario of settlement is as follows: The form of settlement i.e. Exit report is divided in 2 parts In first part Head of department / Branch head fills the form of employee giving information like: Name of employee. Code, Designation, Branch, Type of exit, Notice pay to be recovered or not, last date attended, performance rating, and hard copy of resigned letter etc. and forward to HR executive in Head Office for further action through proper channel. In second part consists of Head office clearance like: 1st a) Sales administration clearance whether bonus paid or recovery. b) If any other recovery. 2nd a) Finance clearance whether any amount to be recovered like travel advance, housing loan etc. 3rd HR clearance a) Calculate EL and variable pay and ensure it is given or not. b) To verify all other department has given clearance or not. c) To see Annual salary statement and verify other allowance like medical, telephone, etc are given or not.
  18. 18. 18 d) To see Annual salary statement and verify deduction has been done or not. Deduction like provident fund, professional tax, parivartan. Etc d) TO verify whether salary for last month is given or not. e) To deduct if Advance salary is given. f) Finally do the processing as per rules of Income Tax like: a) Deduction under u/s 16. b) Deduction under chapterVI-A c) Tax on Total income. g) After the above process verified prepare a statement of Full and Final settlement with the details of employee who left the service and prepare Earning and Deduction head and calculate the dues of the left employee. h) Finally give letter of clearance and Issues cheque to the Employee. All the 55 branches of Bajaj Allianz has to submit the Exit report to HEAD office with detailed information specified as above as there is centralized process.
  19. 19. 19 INTRODUCTION OF BAJAJ ALLIANZ
  20. 20. 20 3 Bajaj Allianz Life Insurance Co.Ltd Bajaj Allianz Life insurance Company Limited is a joint venture between Allianz AG of Germany and Bajaj Auto Limited. Characterized by global presence with a local focus and driven by customer Orientation to established high earning potential a financial strength, Bajaj Allianz Life Insurance Company was incorporated on 12th March 2001. The company received the Insurance Regulatory and Development Authority (IRDA) Certificate of Registration (R3) NO116 on 3rd August 2001 to conduct Life Insurance business in India. Allianz AG one of the largest insurer in the world had joined hands with Bajaj Auto one of the highly trusted name in the automobiles and household industry in India for a joint venture for their insurance operation and is one of the few Companies which is engaged in both Life and Non life Insurance Company banner Allianz Bajaj Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited. The Investment ratio between Bajaj and Allianz is 26:74.
  21. 21. 21 CORE VALUE OF BAJAJ ALLIANZ LIFE INSURANCE AND WHAT IT STANDS FOR Core value of Bajaj Allianz Understanding the customer s needs. Meeting the customer s requirement. Ensuring optimal performance at lowest cost. Commitment to excellence. What Bajaj Allianz Stands For Dynamic and successful organization. A socially valued enterprise. Business integrity.
  22. 22. 22 VISION AND MISSION Bajaj Allianz Life Insurance Co.Ltd Shared Vision: To be the best Life Insurance Company in India to buy from, work for invest in. Shared Mission: 1. To be in the top 3 new Life Insurance company in India by new business and in force business by 2006. 2. To have PAN India presence. 3. To provide highest: quality service by ensuring : o Highest customer retention in industry (90% first year) o Every customer will be contacted by us at least once per year. o We respond to customer/ agent within 48 hours o Embrace technology to optimize efficiencies.
  23. 23. 23 INTRODUCTION OF INSURANCE , PRODUCT AND BENIFITS
  24. 24. 24 3.1 INSURANCE INTRODUCTION TO INSURANCE: Insurance is an instrument, which protect the financial loss arising out of an uncertain event contingent to human beings and is mechanism to share the financial loss of an individual or group of people due to an unforeseen event between the individual or group of people who are exposed to the same kind of risk. PRODUCT: Bajaj Life Insurance Company Limited offers the product as follows: 1. Invest Gain 2. Cash gain 3. Lifetime Gain 4. Child Care 5. Risk Care 6. Term Care 7. Save Care Economy Single Premium 8. Swarana Vishranti 9. Unit Gain
  25. 25. 25 BENEFITS: 1. Insurance protection to dependent, Thrift saving, tax Benefits. 2. A husband, for instance, may buy an insurance policy to ensure his wife and children are taken care of should anything happen to him. 3. Parents buy insurance for the future saving of their children education and social obligation. 4. Motor Insurance ensures the money back to CURE UR CAR. 5. Protects the financial loss of household articles by theft or natural calamities. 6. Protects the financial loss of buildings and other valuables by fire. 7. protects against medical bill for hospitalization due to unexpected diseases or accident 8. Accidental Insurance with hospital benefits eases with bill of medical expenses.
  26. 26. 26 INTRODUCTION OF NATIONAL NETWORK AND DISTRIBUTION CHANNELS
  27. 27. 27 3.2 NATIONAL NETWORK Bajaj Allianz Life Insurance Co.Ltd is a large and diversified organization. Bajaj Allianz Life Insurance Co has a national network. Bajaj Allianz has 55 branches all over India. The Head Office is located in PUNE. DISTRIBUTION CHANNELS The Distribution Channels of Bajaj Allianz is done all over India. The Channels is the vital process of the company. The Channels Description is as follows: Channel Description Individual Channel Individual Agencies Corporate Agency Channel Through corporates,large partnerships/private limited companies Bancassurance Through Banks
  28. 28. 28 INTRODUCTION TO ORGANISATION GRADING STRUCTURE
  29. 29. 29 3.3 GRADING STRUCTURE Bajaj Allianz Life Insurance Co.Ltd The internal grading structure in the organization is done by Management & HR head. This grading system is followed by all 55 branches of Baja Allianz and Head office also. The grading system consists of following: Description Level Department heads leadership role L5 Department heads/ regional heads/ sales head L4 Managers/ functional heads L3 A B Assistant Manager supervisory role L2 A B Support staff L1 A B
  30. 30. 30 INTRODUCTION TO HIUMAN RESOURCES DEPARTMENT
  31. 31. 31 3.4 HUMAN RESOURCE DEPARTMENT IN BAJAJ ALLIANZ. Policies: In Multinational Company like Alliaz Bajaj HR planning and policies plays a major role in the growth of the organization. HR planning foreseen the man power requirement. The need like food, sanitation is the basic function of the HR planning. Motivation is the inseparable part of Allianz Bajaj`s HR policies, Cricket match between Allianz Bajaj recently proved the truth. The HR department should update the manual of the company. As these manual contains Govt made rules and regulation. The management can also make changes in the manual. The manual contains the rules & policies of the company. The manual is the internal document of the company. The other policies for HR department are that the company shall have Manpower planning for one-year period, based on the business plan for the year. There shall be no recruitment outside the manpower plan without prior approval of head HR and CEO.There is Joining Formalities, Internal grading structure, salary processing formalities, service condition, Additional HR policies, policies for Resignation/Termination. Apart from the work the individual view is taken into consideration. Any problem in the organization to an of their team member personal consul ling is done & tries to satisfy their need i.e. (sociological & psychological needs). In this organization all decision are taken by Head office HR for all 55 branches. Even they take decision regarding Day to Day activity.
  32. 32. 32 The ultimate objective of the co. is in the growth of organization. If policies are not made and implemented and proper care is not taken of human assets i.e. employees than there is no progress to the employees and organization. So policies are important as well their employees who are key person who follows policies. Objectives: The Human Resource objective consists of the following: 1. Manpower planning. 2. Recruitment and selection. 3. Employee Development. 4. Performance Appraisal. 5. Develop belongingness for work. 6. Excellence performance award every month. 7. To build organization with integration, honesty & Quality of work. 8. Planning future goals for career development. 9. Teamwork & cooperation with people in the organization. 10. To provide security for work. 11. Promotion.
  33. 33. 33 STRUCTURE OF HUMAN RESOURCE DEPARTMENT Head-HR L4B National Mgr.Corporate Hfgkfg Asst. Mgr- HR L2B Dy. Mgr Hr L2B Jr Exce-Hr L1B Jr.Exce-HR L1B Sr.Exce-HR L1A Sr.Exce-HR L1A Mgt.Trainee
  34. 34. 34 INTRODUCTION OF OBJETIVE OF PROJECT
  35. 35. 35 4 OBJECTIVES OF THE PROJECT Every project report is carried out with some specific OBJECTIVE in the mind. Objective is basically the purpose behind conducting a project and unless the objective is certain or specifically defined it is not understood what data has to be collected. Objectives of the project are nothing but what is to be learned out of this project report. Specific objectives of this Project Report To understand: 1. Understand various HR tools used in handling Recruitment? 2 To have exposure to recruitment process? 3 To have exposure to employees dues settlement process? 4 Whether the recruitment process and settlement process are satisfactory? 5 To understand how effective the computer system or new technology is in the recruitment system& settlement process? So in this project report I have made every effort to understand the above specified objectives keeping in mind the present scenario of the Recruitment and Full and Final Settlement of employee s process and collect data.
  36. 36. 36 Research Methodology
  37. 37. 37 5 Research Methodology. Research Methodology is a systematic method of discovering new facts or verifying old facts, their sequence, inter-relationship, casual explanation and the natural laws which governs them. Research Methodology explained by Redman and Mory are as follows systematized effort to gain new knowledge Research Methodology is original contribution to the existing stock of knowledge making for its advancement. It is the purist of truth with the help of study. Observation, comparison and experiment. In short also covers the systematic method of finding solution to a problem is research. It also covers the systematic approach concerning generalization and the formulation of the theory. Different stages involved in research consists of enacting the problem, formulating a hypothesis, collecting the facts or data, analyzing the facts and reaching certain conclusion either in the form of solution towards the concerned problem or in generalization for some theoretical formulation. In Research Methodology mainly Data plays an important role. The Data is divided in two parts: a) Primary Data. b) Secondary Data. Primary Data is the data, which is collected directly by direct personal interview, interview, indirect oral investigation, Information received through local agents, drafting a schedule, drafting a questionnaire.
  38. 38. 38 Secondary Data is the data, which is collected from the various books, magazine and material, reports, etc. The data which is stored in the organization and provide by the HR people are also secondary data. The various information is taken out regarding that subject as well other subject from various sources and stored. The last years data stored can also be secondary data. This data is kept for the internal use of the organization. The HR manual is for the internal use of the organization they are secondary data which help people to gain information. In this report the data plays a very crucial role. For this report the data was provided to me by HR department and other departmental head in the organization. The Primary and Secondary data which is specified above was provided by: a) Assistant Manager HR- Recruitment b) Junior Executive HR- Full and Final. c) Other department head. Due to discussion with these people lot data as well latest information was known by these people which was very beneficial and was primary data to me. The questionnaires the primary data was the main key which help to analysis data. This is the Research Methodology used in the project. The primary and secondary data method has been used in this project. Unless the data is collected no project can be complete. So both these data is very important in the project.
  39. 39. 39 ANALYSIS AND INTERPRETATION OF DATA
  40. 40. 40 6 ANALYSIS AND INTERPRETATION OF DATA Since Recruitment and Full and Final system is important activity in any organization. The emphasis was lead on findings of views of various employees about the Recruitment process and Full and Final settlement followed in Bajaj Allianz. Because in origination there are written and unwritten process related to Recruitment and Full and Final Settlement of Employees on which employees view are important as a good policy of HRM. Accordingly, the survey which was carried out was an eye opener and details analyses of my survey are explained in forth coming Para. A Research was conducted in Head office Pune of various departments including HR department. Sample sizes of 10 people were taken for effectiveness of Recruitment. Sample sizes of 10 people were taken for Full and Final Settlement Data was collected on the basis of Questionnaire and Informal discussion.
  41. 41. 41 ANALYSIS AND INTERPRETATION OF DATA Effectiveness of Recruitment. Q.1. Are you satisfied with Recruitment system in Bajaj Allianz? a) Not at all b) satisfied c) Totally Satisfied d) Totally Good e) Excellent. Options b d e Total Response 3 3 4 10 % 30 30 40 100 0 10 20 30 40 50 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that most of the employees are overall satisfied by the recruitment system in the company. They have clarity of the process.
  42. 42. 42 Q.2. Whether the Recruitment process is documented? a) Yes b) No Option a b Total Response 6 4 10 % 60 40 100 0 10 20 30 40 50 60 70 a b response percentage response % Interpretation: From the above response it is seen that majority of the employees feel that Recruitment process is documented in the company. However they can access when ever they want. 40% of the people don t have knowledge about it.
  43. 43. 43 Q.3. Whether the Recruitment process is documented if YES than the substances level of its knowledge to others is: a) Clear b) Vague. Option a b Total Response 4 2 6 % 66 33 100 0 10 20 30 40 50 60 70 a b response percentage response % Interpretation: From the above response it is seen that 66% employees are having only clear and under stable knowledge of the documented process of the recruitment. The other employees are finding it vague.
  44. 44. 44 Q.4. Whether the Recruitment system is transparent at all level? a) Not at all b) To some extent c) To great extent. Option a b c Total Response 2 6 2 10 % 20 60 20 100 0 10 20 30 40 50 60 70 a b c response percentage response % Interpretation: From the above response it is seen that employees of the company has some doubts about the transparency of the Recruitment system. The company should investigate further.
  45. 45. 45 Q.5. Is the Recruitment process uniform at all level? a) Yes b) No c) varies as per department. Option a c Total Response 3 7 10 % 30 70 100 0 10 20 30 40 50 60 70 80 a b c Response Percentage Response Percentage Interpretation: From the above responses it is seen that recruitment process varies many of the times from department to department so it helps the department heads to select the right person for the job as per his requirement and needs.
  46. 46. 46 Q.6. Whether the other department head is constitutes in the interview of the recruitment process? a) Totally linked b) partially linked c) Not at all. Options a b c Total Response 3 4 3 10 % 30 40 30 100 0 10 20 30 40 50 a b c response percentage response % Interpretation: From the above responses it is seen that only few department head s are considered during the interview process and majority of the time they are partially linked i.e. they only have to set paper and decided the package.
  47. 47. 47 Q.7. Whether the response of HR department or person on vacancy is? a) Not slow b) slow c) Quick d) Very responsive e) Excellent. Options b c e Total Response 3 5 2 10 % 30 50 20 100 0 10 20 30 40 50 60 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that more than 50% the employee fells that the response is quick. But in few cases it is slow.
  48. 48. 48 Q.8. Whether the written test design gives real advantage or satisfaction? a) Not at all b) satisfaction c) Total Satisfaction d) Totally good e) Excellent. Option a c Total Response 8 2 10 % 80 20 100 0 20 40 60 80 100 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that majority of the employees find the written test are not at all beneficial or advantage as it is time consuming. Only few agree to the test design.
  49. 49. 49 Q.9. Whether the duration of the written is? a) Too short b) Not long c) Long d) Too long. Options a c d Total Response 1 4 5 10 % 10 40 50 100 0 10 20 30 40 50 60 a b c d Response Percentage Response Percentage Interpretation: From the above response it is seen that many times the duration of the test is long and the employees find it time consuming. The instant like Insurance test for junior and new entry finds it long and time consuming.
  50. 50. 50 Q.10. How is the test evaluation of the recruitment process? a) Fair b) Justified c) Not justified. Option a b Total Response 2 8 10 % 20 80 100 0 20 40 60 80 100 a b c Response Percentage Response Percentage Interpretation: From the above response it is seen that the test evaluation is not done properly. There is bias is opinion while evaluating the paper.
  51. 51. 51 Q.11. what is the criteria of selection in Bajaj Allianz of the requirement process if Knowledge considered rate in percentage. a) 20-30% b) 31-50% c) 51-70% d) 71-80% e) 81-100% Options b c d Total Response 2 5 3 10 % 20 50 30 100 0 10 20 30 40 50 60 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that 51-71% weight is given on knowledge. If the criteria is only knowledge for selection.
  52. 52. 52 Q.12. what is the criteria of selection in Bajaj Allianz of the requirement process if Knowledge + Experience considered rated in percentage. a) 20-30% b) 31-50% c) 51-70% d) 71-80% e) 81-100% Option d e Total Response 7 3 10 % 70 30 100 0 10 20 30 40 50 60 70 80 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that if Knowledge + Experience considered. Than majority of the employee gives weight on 71-80%.
  53. 53. 53 Q.13. what is the criteria of selection in Bajaj Allianz of the requirement process if Experience considered rated in percentage. a) 20-30% b) 31-50% c) 51-70% d) 71-80% e) 81-100% Options b c d Total Response 3 6 1 10 % 30 60 10 100 0 10 20 30 40 50 60 70 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that if Experience considered. Than majority of the people have rated in between 70% as experience is relevant criteria and other 30% case experience is not given importance i.e. experience is major criteria.
  54. 54. 54 Q.14. Whether the middle level i.e. executive is aware of the recruitment Process? a) Not at all b) To some extent c) Thoroughly known Options a b c Total Response 4 3 3 10 % 40 30 30 100 0 10 20 30 40 50 a b c response percentage response % Interpretation: From the above response it is seen that information of standard Recruitment process is not communicated to middle level executive.
  55. 55. 55 Q.15. The major Man power source in Bajaj Allianz of recruitment process is? a) Newspaper b) Internal recruitment c) Campus interview d) Firm or Agencies on contract basis. Option a b c d Total Response 1 3 2 4 10 % 10 30 20 40 100 0 10 20 30 40 50 a b c d Response Percentage response % Interpretation: From the above response it is seen that majority of the employees are employed from the agencies and later from the internal process. The least preference is given to the campus and newspaper.
  56. 56. 56 Q.16. Which is the most powerful method of the interviewing the candidate and selecting the candidate in Bajaj Allianz? a) Telephonic Interview b) Personal interview c) Video conference interview. Options a b c Total Response 3 4 3 10 % 30 40 30 100 0 10 20 30 40 50 a b c Response Percentage response % Interpretation: From the above response it is seen that the most powerful method of selection is personal interview and than telephonic interview and video conference interview beneficial in case of long distance.
  57. 57. 57 Q.17. Whether the selection in Bajaj Allianz is done on the basis of the merit? a) Yes b) No c) Can t say Options a b c Total Response 6 1 3 10 % 60 10 30 100 0 10 20 30 40 50 60 70 a b c Response Percentage response % Interpretation: From the above response it is clear that majority of the selection are based on merit.
  58. 58. 58 ANALYSIS & INTERPRETATION OF DATA Full and Final Settlement Q.1. How is Full and Final Settlement System in Bajaj Allianz? a) Poor b) Average c) Satisfactory d) Good e) Excellent Options b c d Total Response 2 6 2 10 % 20 60 20 100 0 10 20 30 40 50 60 70 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that many left employees are satisfactory about the Full and Final system in Bajaj Allianz. Few people it average and good.
  59. 59. 59 Q.2. The content of Full and Final settlement is uniform at all level? a) Yes b) No c) Various as per Grades or Position in the company. Option a c Total Response 7 3 10 % 70 30 100 0 10 20 30 40 50 60 70 80 a b c Response Percentage Response Percentage Interpretation: From the above response it is seen that Full and Final system content is uniform most of the time. But in some cases it differs due to higher grades in the company.
  60. 60. 60 Q.3. The duration taken for the Full and Final Clarence system is? a) 1-2 days b) 3-5 days c) 5-7 days d) 7-15 days e) More than 15 days. Options c d e Total Response 4 2 4 10 % 40 20 40 100 0 10 20 30 40 50 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that Full and Final process takes time to complete the settlement. Many times it takes 3-5 and 7-15 days to complete it.
  61. 61. 61 Q.4. The process of the Full and Final settlement is? a) Small process b) Lengthy process c) Time consuming process. Options a b c Total Response 3 5 2 10 % 30 50 20 100 0 10 20 30 40 50 60 a b c Response Percentage response % Interpretation: From the above response it is seen that many left employee find process lengthy i.e. 50%. The rest of the employee fined it time consuming and 30% find it small process.
  62. 62. 62 Q.5. How is the dispatch system of document from all over India branches to Head office of HR department for the process and calculation of the Full and Final settlement are? a) Poor b) Average c) Satisfactory d) Good e) Excellent Options b c d Total Response 5 3 2 10 % 50 30 20 100 0 10 20 30 40 50 60 a b c d e Response Percentage Response Percentage Interpretation: From the above response it is seen that dispatched of the documents to head office is average. Most of the employees are not satisfied with the dispatched system is not satisfied.
  63. 63. 63 Q.6. The data provided to Head office HR department from other Branches are always correct for Full and Final process? a) Yes b) No Option a b Total Response 6 4 10 % 60 40 100 0 10 20 30 40 50 60 70 a b Response Percentage response % Interpretation: From the above response it is seen that many times the data provide to HR department are write. Only in certain cases it is incorrect due to technical problem and due to clerical work.
  64. 64. 64 Q.7. How is the process of giving clearance by sales admin and finance department after documents reaching and verified by HR department? a) Small process b) Lengthy process c) Time consuming process. Option b c Total Response 3 7 10 % 30 70 100 0 10 20 30 40 50 60 70 80 a b c Response Percentage Response Percentage Interpretation: From the above response it is seen that most of the time the left employees find the process time consuming. Though some find it lengthy.
  65. 65. 65 Q.8. The calculations and amount of the Full and Final settlement in Bajaj Allianz done by HR of head office after getting clearance from 2 department are? a) Always right b) Sometimes perfect c) Not at all right. Option a b Total Response 8 2 10 % 80 20 100 0 20 40 60 80 100 a b c Response Percentage Response Percentage Interpretation: From the above response it is seen that the calculation of the Full and Final settlement is always right. The left employees are satisfied about the calculation and the amount received to them.
  66. 66. 66 Q.9. After the Clearance is over the Cheque issued in the name of the left employees are received in how many days? a) 1-2 days b) 3-5 days c) 5-7 days d) 7-15 days Option a b c Total Response 3 5 2 10 % 30 50 20 100 0 10 20 30 40 50 60 a b c d Response Percentage Response Percentage Interpretation: From the above response it is seen that it takes maximum 3-5 days for a cheque to reach a Left employee place. The some employees are satisfied about cheque process receiving and some employees are not satisfied.
  67. 67. 67 OBSERVATIONS AND FINDINGS
  68. 68. 68 7 OBSERVATION AND FINDINGS Bajaj Allianz Life Insurance Co.Ltd and Bajaj Allianz General Insurance is leading Company in the marker today. The HR department is having very strong base and while doing project in the company the observation and findings found by me are as follows. 1) The company has clarity of the recruitment process and they are doing well and recruiting correct candidates. 2) The recruitment process is centralized in the company. 3) The test duration for the senior level officer and fresher is too long. Though is beneficial but time consuming. 4) The tests provided are online test and the evaluation of the test is also done by the Head office HR. 5) The evaluation takes time as they take print out of test paper and gives marks. 6) The department head are not considered most of the time during the interview. The role of the head was to inform about vacancy to HR. 7) Most of the time the criteria of selection are on the basis of the Knowledge + Experience. This is good for the company. 8) The company provides a good basis for the FRESHER. Which is a positive side for the both the concern. 9) The middle level employees of the Head office and the other branches are not aware of the recruitment process. 10)The personal interview is more beneficial than other method of the interview.
  69. 69. 69 11)The company concentrates more on recuirtment firm for the need of man power. 12) The video camera is used for the interview as the time is less for interviewing the person. 13) Sometimes candidate selection is not as per the profile for the junior level staff. E.g. A HR executive is given assistance who is doing CA or B.com But not MBA or MPM students. 14)The other branches have to give 15 days notice for the place vacancy. 15) The candidate selected for the job from all over India are not given training at there work place but at Head office and bare their expense. 16) The selection of the candidate in Bajaj Allianz is done up to the mark. There is no bias s view for other. 17)The Full and Final settlement of employee s process is centralized in the Bajaj Allianz. 18)The company is having only single authorized executive HR person to do the Full and Final settlement employee s process since 3yrs for the 55 branches. 19)The left employees documents are to be send to the Head office from the other branches in India. 20) The data provided by other branches in the form papers are slow in speed. 21) The sales department and finance department their clearances process is also slow.
  70. 70. 70 CONCLUSION
  71. 71. 71 CONCLUSION The overall Recruitment process in Bajaj Aliianz is satisfactory. There are certain organization objectives both in short term and long term should be taken into consideration as a basic parameter for recruitment decision and need of the personnel area which will be beneficial to everyone in organization. There are minor modifications in the areas like documentation of recruitment process, other department head participation in interview, written test, evaluation of return test and use of latest equipment for interview etc to be made for which suggestions are given in the following paragraphs. As a matter of good HR practices leaving of employees should be prevented. But the company should carry out exit interview and take correct action to retain the employees in the organization. Once the employees leaves the organization process of Full and Final Settlement of employees should be completed quickly. The company should make the process of employee s settlement fast as the documents reach the sales department and finance department.
  72. 72. 72 SUGGESTIONS
  73. 73. 73 9 SUGGESTIONS RECRUITMENT PROCESS SYSTEM 1) The recruitment process in Bajaj Allianz should be decentralized as per the 4 region. The branch manager and HR person of that region should have rights to carry out the recruitment process and must inform the head office and should get it approval. 2) The middle level employees should have knowledge of the recruitment process and the non HR employees should be given a HR manual. 3) The other department head should be involved in the interview process as he knows right person for the job of his department. 4) The selected candidates should bee given training at their work place by the the trainer of the department. 5) The test duration should be kept short for the senior level employees so that more time is not taken and they can concentrate on the work. 6) The company should develop or provide software which should provide a test score as the test is over. So the time is saved in evaluation. 7) The company should concentrate on the personal interview as video conference interview cost more money and the candidate is more nervous. SUGGESTION : FULL AND FINAL SETTLEMENT 8) In Baja Allianz there is only single authorized HR executive in HR department for doing Full and Final settlement of employees and the company should provide assistance so the work is completed fast. OR
  74. 74. 74 9) The Full and Final settlement should be decentralized as per the 4 region and process should be completed by region authorized HR person and Cheque should be singed by Head office HR. 10) The Full and Final system is done by head office HR person and documents provided to Head office is slow in speed so the speed post service or courier service should be changed or tell them to provide better service. 11)The sales administration and Finance department of head office must Increase the speed of the clearances by providing them assistance on contract basis. So the speed will increase and HR person can do calculation fast and process can be short and not too long. 12)The branch manager should provide correct information of the left employees so that calculation can be done perfectly and HR person should not be always asking the branch manager for correct information. 13)To avoid the incorrect information by branch manager the company should have proper MIS system. So that when time needed both the person can access it. Proper Software should be develop and training must be given to them regarding it use.
  75. 75. 75 ANNEXURE
  76. 76. 76 ANNEXURE 1 The Questionnaire of Recruitment Processes System Q.1. Are you satisfied with Recruitment system in Bajaj Allianz? a) Not at all b) satisfied c) Totally Satisfied d) Totally Good e) Excellent. a) b) c) d) e) Q.2. Whether the Recruitment process is documented? a) Yes b) No a) b) Q.3. Whether the Recruitment process is documented if YES than the substances level of its knowledge to others is: a) Clear b) Vague. a) b) NAME: DEPARTMENT CODE: EMPLOYEE CODE: EMPLOYEE GRADE:
  77. 77. 77 Q.4. Whether the Recruitment system is transparent at all level? a) Not at all b) To some extent c) To great extent. a) b) c) Q.5. Is the Recruitment process uniform at all level? a) Yes b) No c) varies as per department. a) b) c) Q.6. Whether the department head is constitutes in the interview of the recruitment process? a) Totally linked b) partially linked c) Not at all. a) b) c) Q.7. Whether the response of HR department or person on vacancy is? a) Not slow b) slow c) Quick d) Very responsive d) Excellent a) b) c) d) e) Q.8. Whether the written test design gives real advantage or satisfaction? a) Not at all b) satisfaction c) Total Satisfaction d) Totally good e) Excellent. a) b) c) d) e) Q.9. Whether the duration of the written is? a) Too short b) Not long c) Long d) Too long. a) b) c) d)
  78. 78. 78 Q.10. How is the test evaluation of the recruitment process? a) Fair b) Justified c) Not justified. a) b) c) Q.11. what is the criteria of selection in Bajaj Allianz of the requirement process if Knowledge considered rate in percentage. a) 20-30% b) 31-50% c) 51-70% d) 71-80% e) 81-100% a) b) c) d) e) Q.12. what is the criteria of selection in Bajaj Allianz of the requirement process if Knowledge + Experience considered rated in percentage. a) 20-30% b) 31-50% c) 51-70% d) 71-80% e) 81-100% a) b) c) d) e) Q.13. what is the criteria of selection in Bajaj Allianz of the requirement process if Experience considered rated in percentage. a) 20-30% b) 31-50% c) 51-70% d) 71-80% e) 81-100% a) b) c) d) e) Q.14. Whether the middle level i.e. executive are well know of the recruitment Process? a) Not at all b) To some extent c) Thoroughly known a) b) c)
  79. 79. 79 Q.15. The major Man power source in Bajaj Allianz of recruitment process is? a) Newspaper b) Internal recruitment c) Campus interview d) Firm or Agencies on contract basis. a) b) c) d) Q.16. Which is the most powerful method of the interviewing the candidate and selecting the candidate in Bajaj Allianz? a) Telephonic Interview b) Personal interview c) Video conference interview. a) b) c) Q.17. Whether the selection in Bajaj Allianz is done on the basis of the merit? a) Yes b) No c) Can t say a) b) c)
  80. 80. 80 ANNEXURE 2 The Questionnaire Full and Final System Q.1. How is Full and Final Settlement System in Bajaj Allianz? a) Poor b) Average c) Satisfactory d) Good e) Excellent a) b) c) d) e) Q.2. The content of Full and Final settlement is uniform at all level? a) Yes b) No c) Various as per Grades or Position in the company a) b) c) Q.3. The duration taken for the Full and Final Clarence system is? a) 1-2 days b) 3-5 days c) 5-7 days d) 7-15 days e) More than 15 days. a) b) c) d) e) NAME: DEPARTMENT CODE: EMPLOYEE CODE: EMPLOYEE GRADE:
  81. 81. 81 Q.4. The process of the Full and Final settlement is? a) Small process b) Lengthy process c) Time consuming process. a) b) c) Q.5. How is the dispatch system of document from all over India branches to Head office of HR department for the process and calculation of the Full and Final settlement are? a) Poor b) Average c) Satisfactory d) Good e) Excellent a) b) c) d) e) Q.6. The data provided to Head office HR department from other Branches are always correct for Full and Final process? a) Yes b) No a) b) Q.7. How is the process of giving clearance by sales admin and finance department after documents reaching and verified by HR department? a) Small process b) Lengthy process c) Time consuming process a) b) c) Q.8. The calculations and amount of the Full and Final settlement in Bajaj Allianz done by HR of head office after getting clearance from 2 department are? a) Always right b) Sometimes perfect c) Not at all right. a) b) c)
  82. 82. 82 Q.9. After the Clearance is over the DD issued in the name of the left employees are received in how many days? a) 1-2 days b) 3-5 days c) 5-7 days d) 7-15 days a) b) c) d)
  83. 83. 83 ANNEXURE 3
  84. 84. 84 BIBLIOGRAPHY
  85. 85. 85 BIBLIOGRAPHY Books Human Resource Management - Anjali Ghanekar Manual HRD Manual of Bajaj Allianz. Websites www.google.com www.bajaj allianz. com
  86. 86. This document was created with Win2PDF available at http://www.daneprairie.com. The unregistered version of Win2PDF is for evaluation or non-commercial use only.

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