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Rahanuma Tasmin.pptx

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The concept of recruitment
The concept of recruitment
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Rahanuma Tasmin.pptx

  1. 1. C WELCOME TO THE PRESENTATION
  2. 2. C PRESENTATION ON ANANALYSIS OF RECRUITMENT & SELECTION PROCESS OF SONALI BANK LIMITED
  3. 3. Rangamati Science & Technology University Supervised By Mohona Biswas Assistant Professor Department of Management Rangamati Science & Technology University Submitted By Rahanuma Tasmin Reg No: 2015-22-34 Department of Management Rangamati Science & Technology University
  4. 4. Table of Content Topic Name Topic Name Introduction Recruitment Interview Background of the study Definition of Selection Objectives of the Study Selection Process Scope of the Study Difference between Recruitment and Selection Methodology of the study Recruitment and Selection procedure of Sonali Bank Limited Limitation of the Study Sources of Recruitment of SBL Sonali Bank Profile Recruitment Process of Sonali Bank Limited Vision & Mission Selection Process of Sonali Bank Limited Definition of Recruitment Findings of the Study Types of Recruitment SWOT Analysis of Sonali Bank Limited sources of Internal Recruitment Implication of the study sources of External Recruitment Limitations of Sonali Bank Limited Importance of Recruitment Recommendation Recruitment Process Conclusion
  5. 5. Introduction The recruitment and selection processes of an organization are two of its most important Human Resource planning activities. The basic purpose of recruiting is to ensure a sufficient pool of applicants from which the most qualified individuals may be selected. Effective recruiting is important because sufficient number of qualified applicants is needed to ensure that selection can be successfully accomplished. Recruitment precedes selection and helps in selecting a right candidate. Recruitment is a process to discover the sources of manpower to meet the requirement of the staffing schedule and to employ effective measures for attracting that manpower in adequate numbers to facilitate effective selection of efficient personnel.
  6. 6. Background of the study: Dimension of Banking all over the world has been changing rapidly due to the deregulation of globalization and technological innovation. Recruitment and selection process is an important issue in modern day business which is conducted by banks and other Human Resource department. So, I am lucky that I have been assigned with the Human Resource department to work in and I decided to prepare a report on “An Analysis of Recruitment and selection process of Sonali Bank Limited”. The internship program on a bank like Sonali Bank Limited has certainly improved my professional learning. Objectives of the Study: • To analyze the recruitment and selection process of Sonali Bank Limited. • To identify the strengths and weaknesses of existing recruitment and selection process. • To suggest some measures for bringing effectiveness in recruitment and selection process.
  7. 7. Scope of the Study: The report deals with the recruitment and selection process in terms of theoretical point of view and practical use. The study will allow learning about the recruitment and selection issues, importance, modern techniques and models used to make it more efficient. The study will help to learn the practical procedures followed by the leading organizations. Moreover, the study will help to differentiate between practice and the theories that direct to realize how the organization can improve their recruitment and selection process. Methodology of the study: Primary sources of data: Primary sources of data are collected from the employees of Sonali Bank Limited (SBL). • Discussion and informal interview with officials • Desk work and observation Secondary sources of data: • Relevant books • Job description and recruitment files • Annual report of SBL
  8. 8. Limitation of the Study • The main limitation took place when the information about recruitment and selection policies was being collected. It was really hard to have information of their recruitment and selection policies. • The annual report is the main secondary sources of the information but information was not enough to complete the report. • Most of the report was made by following the Human Resource Management basic so the reflection of the theory was highlighted in the report mostly than the practical references.
  9. 9. Sonali Bank Profile: Name of the Company Sonali Bank Limited Chairman Mr. Ziaul Hasan Siddiqui CEO & Managing Director Mr. Md. Ataur Rahman Prodhan Company Secretary Mr. Tauhidul Islam Legal Status Public Limited Company Genesis Emerged as Nationalised Commercial Bank in 1972, following the Bangladesh Bank (Nationlisation) Order No. 1972 (PO No.26 of 1972) Date of Incorporation 03 June, 2007 Date of Vendor's Agreement 15 November, 2007 Registered Office 35-42, 44 Motijheel Commercial Area, Dhaka, Bangladesh Authorized Capital Taka 6000.00 Crore Paid-up Capital Taka 4530.00 Crore Number of Employee 19,348 Number of Branches 1228 Phone-PABX 9550426-31, 33, 34, 9552924 FAX 88-02-9561410, 9552007 SWIFT BSONBDDH Website www.sonalibank.com.bd E-mail itd@sonalibank.com.bd
  10. 10. Vision Socially committed leading banking institution with global presence. Mission Dedicated to extend a whole range of quality products that support divergent needs of people aiming at enriching their lives, creating value for the stakeholders and contributing towards socio-economic development of the country.
  11. 11. Definition of Recruitment Recruitment is a process of identifying, screening, shortlisting and hiring potential resource for filling up the vacant positions in an organization. It is a core function of Human Resource Management. Different authors define Recruitment in different ways. Here is a list of some of the definitions: “Recruitment is the process of discovering potential candidates for actual or anticipated organizational vacancies. Or, from another perspective, it is a linking activity-bringing together those with jobs to fill and those seeking jobs.” (De Cenzo and Robbins 1999) According to Edwin B. Flippo, “Recruitment is a process of searching for prospective employees and stimulating and encouraging them to apply for jobs in an organization.”
  12. 12. Types of Recruitment: 1. Internal Recruitment 2. External Recruitment sources of Internal Recruitment: • Promotions • Transfers • Internal Advertisements (Job Posting) • Recruiting Former Employees • Employee Referrals • Previous Applicants Sources of External Recruitment: • Direct Recruitment • Employment Exchanges • Employment Agencies
  13. 13. • Advertisements • Professional Associations • Campus Recruitment • Word of Mouth Advertising Importance of Recruitment: It determines the current and future job requirement. It increases the pool of job at the minimal cost. It helps in increasing the success rate of selecting the right candidates. It helps in reducing the probability of short term employments. It meets the organization’s social and legal obligations with regards to the work force. It helps in identifying the job applicants and selecting the appropriate resources. It helps in increasing organizational effectives for a short and long term. It helps in evaluating the effectiveness of the various recruitment techniques. It links the potential employees with the employers.
  14. 14. Recruitment Process Recruitment Planning Strategy Development Searching Screening Evaluation and Control
  15. 15. Recruitment Interview An interview is an intentional exchange of ideas, questions answers and conversation between two or more people. Generally, an interview is a process of private meeting conversation between people, asking questions and responding to information on quality, attitudes, leaflets, etc. Definition of Selection The process of selecting or choosing the best candidate for a vacant employment position in a company is known as selection. Different authors define Selection in different ways. Here is a list of some of the definitions: Dale Yoder has defined, “Selection is the process by which candidates for employment are divided into two classes those who will be offered employment and those who will not”. M. Ataur Rahman has defined, “Selection is the screening and filtering process of job applicants who have been invited to apply for the vacant positions through which the process comes to an end”.
  16. 16. Selection Process Preliminary Interview Receiving Applications Screening of Applications Employment Test Interview Reference Checking Medical Examination Final Selection
  17. 17. Difference between Recruitment and Selection Comparison basis Recruitment Selection Meaning Recruitment is an activity of searching candidates and encouraging them apply for it. Selection refers to the process of selecting the best best candidates and offering them job. Approach Positive Negative Objective Inviting more and more candidates to apply for the vacant post. Picking up the most suitable candidate and rejecting the rest. Key factor Advertising the job. Appointment of the candidate. Sequence First Second Process Vacancies are notified by the firm through various sources and application form is made available to the candidate. The firm makes applicant pass through various levels like submitting form, written test, interview, medical test and so on. Contractual relation As recruitment only implies the communication of vacancies, no contractual relation is established. Selection involves the creation of contractual relation between the employer and employee. Method Economical Expensive
  18. 18. Recruitment and Selection procedure of Sonali Bank Limited: Sonali Bank Limited's recruitment aims to attract and retain highly skilled human resources who would excel in their respective fields. The bank attempts not only to attract well- qualified individuals, but also to discover and recruit employees who are truly interested in working for the bank for a reasonable amount of time. SBL practices two types of recruitment: • Yearly recruitment- this is done each year, according to the HR plan • Need-based recruitments- this is done when there is a sudden vacancy Sources of Recruitment of SBL: Internal sources: • Recruitment through promotion • Company‘s own website • Transfer External sources: • Direct Recruitment • Advertisement in the newspapers • Contractual Recruitment
  19. 19. Recruitment Process of Sonali Bank Limited Workforce Forecasting Prepare and publish advertisement Receive application from several sources Sort out CV’s according to the criteria Plan for the selection test Create database and inform applicants Taking necessary preparation for exam Recruitment file closing with reports File handover to the appointment unit
  20. 20. Selection Process of Sonali Bank Limited Receipt of Applications Sorting out of Applications Informing Candidates Written Tests Interview Background Investigation Final Approval by Competent Authority Physical Tests Joining and Placement
  21. 21. Findings of the Study Existing Human Resources are not sufficient. More skilled staff must be recruited. Sonali Bank Ltd. uses both internal and external sources of recruitment. Before planning manpower SBL assesses the need assessment, external conditions, organizational conditions, employee inventory. In the recruiting and selecting procedure, contemporary technology is not used. The Recruitment and Selection process of Sonali Bank Ltd is not cost effective for candidates. The formal recruiting method is followed by Sonali Bank Ltd. The Recruitment and Selection process of Sonali Bank Ltd. follows objective criteria. Recruitment and Selection process of Sonali Bank Ltd. is somewhat bias free.
  22. 22. SWOT Analysis of Sonali Bank Limited Strengths • For the selection procedure, a strong written and oral test is required. • A positive image and a solid reputation • Strong networks all over the country. • Workforce is both energetic and intelligent. • No engage in unfair business practice. • Customer loyalty and a constant emphasis on the customer. Weakness • Human resources information system is mostly paper based. • Lengthy procedure of job circular. • Lengthy procedure of selection process. • The bank lacks of using modern and advanced banking tools and techniques. • Lack of experienced employees in junior level management. Opportunities • Potential high-profile clients. • The government has the resources to aid in the bank’s improvement process. • The bank can undertake need-based training programs and full computerization of the bank's activities. • The bank can expand its business areas and create more employment opportunities. Threats • Emergence of more private banks taking up market share. • Some rules and regulations of Bangladesh Bank also create threat for the bank. • Illegal interference of Collective Bargaining Agent (CBA) in banking activities. • Gap between actual and present strength of manpower.
  23. 23. Implication of the study This report contains the Bank's policy on HR planning, personnel recruitment and selection, and other relevant issues. This report can aid in decision making at the top level. This report can be used as a tool for evaluating recruitment and selection criteria effectively. This report works as an information source for efficient recruitment and selection procedures for the bank. This report helps to identify HR related issues of the bank and therefore provides the required recommendations.
  24. 24. Limitations of Sonali Bank Limited  The employees are not efficient and skilled enough.  Lack of proper motivation, training, and job rotation.  Lack of proper supervision.  Lack of adequate update & accurate information from the management  information system.  Unstable policies of the government due to political changes over time.  Security system of many branches is not sufficient.  Employee selection/sorting process is still not automated.  Centralized management leads to a lack of efficiency.
  25. 25. Recommendation The employees in the Human Resource Division at Sonali Bank Limited are not enough; more qualified and skilled personnel are required for the purpose of improving the entire recruiting process in the Human Resources Division. SBL should reduce the process time of recruitment and selection. A logical and rational time range will ensure participation of qualified candidates in the selection process. The process of recruitment and selection is not economical for the candidate and should make the process cost-effective for the candidates. Employee selection process should be automated. The bank uses conventional recruitment and selection process in choosing potential employees. In order to make the process more efficient, faster and reliable, the bank need to be improved by contemporary technologies. The bank need to limit the interference of CBA. The bank should develop such a system through which they can assess employees without any influence.
  26. 26. Conclusion The study on Sonali Bank Limited's recruitment and selection procedure showed that people are the most significant asset for any company to develop. Many elements are involved in the development of human resources. In order to enhance the effectiveness of a company, recruitment and selection processes play an essential part. It is vital to have a dynamic recruiting and selection process. Sonali Bank Limited's human resource division is now required to go beyond the scope of contracts and rules to actively contribute to the operation and success of the Financial Business Institution.
  27. 27. Thank You

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