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International Journal of Engineering and Management Research e-ISSN: 2250-0758 | p-ISSN: 2394-6962
Volume- 10, Issue- 1 (February 2020)
www.ijemr.net https://doi.org/10.31033/ijemr.10.1.10
55 This work is licensed under Creative Commons Attribution 4.0 International License.
A Study on Recruitment Process in “Midland Microfinance Limited” at
Jal
Nayia Sharma
Assistant Professor, Department of Management, Innocent Hearts Group of Institutions, Jalandhar, INDIA
Corresponding Author: nayiasharma@gmail.com
ABSTRACT
Human Resources is the most valued and most
treasured asset for any Organization. Best Outcome can be
Judged with the efficient Recruitment and Selection
strategies. The main objective of this paper is to streamline
Recruitment process in Midland Microfinance Ltd at Jal.
The study also focuses its attention to carry out and promote
a fair and transparent recruitment procedure. The well-
structured questionnaire was used for the data collection.
The source of data was both primary and secondary. Data
analysis has been done with statistical tools like tables,
graphs, bar diagrams etc. With reference of to this context
the research paper entitled Recruitment has been prepared
to put light on Recruitment process. The main objective of
the study is to Highlights on the most preferable method for
recruitment, as well as To study various the sources used for
recruitment in Midland microfinance limited company in
Jalandhar.
Keywords-- Recruitment, Employees, Organization,
Management
I. INTRODUCTION
Recruitment facilitates to identify and
encouraging prospective employees to apply for a job.
The recruitment process differs from one organization to
others. Employee referrals, transfers promotions,
retirements, walk-in , internal advertisements are the
internal recruitment sources used by many organizations.
But in modern scenario, with the entry of social media
recruitment process was drastically changed. Methods
like Online Recruitment or E-Recruitment are mostly
used by many organizations for attracting the prospective
employees, but Midland micro finance ltd is prefer using
traditional methods.
Company Profile
Midland Microfin Limited provides financial
services. Savings, business loan, insurance, credit, money
transfers, counseling, etc is offered by Company. and
other financial support services. It also serves customers
in all over India. Mission of the company is to encourage
micro enterprises as source of sustainable livelihood, by
providing financial services with the help of technology.
II. OBJECTIVES
1. To analyze the most preferable method for
recruitment.
2. To study various the sources used for
recruitment.
III. LITERATURE REVIEW
Olatunji and ugoji (2013) in a study of
personnel recruitment on organizational development: a
survey of selected Nigerian workplace using primary data
to study certain recruitment procedures adopted in
organizations and revealed that the recruitment procedures
used in the organization influence personnel behaviour
and performance though the study did not use any variable
to measure organizational development or performance
rather it measures the perception of male and female
toward recruitment. recru
Mustapha et.l (2013) opined that the aim of
recruitment goes beyond mere filling of vacancies to
include individual development and achievement and
building a strong organization where effective team work
and the individual's needs are realized at the same time.
Florae (2014) argued that merit and demerit of
the use of recruitment agencies to a firm is the same thing
with that of external recruitment sources which he listed
be: qualified personnel, a wider choice of candidates,
fresh talent, competitive spirit among candidate etc.
Compton, Morrissey, Nankervis 2014, says
Getting recruitment and selection processes and
techniques right the first time is crucial and is the product
of human resource planning, job design, human resource
development, remuneration systems, career and
succession plans to satisfy and motivate qualified
applicants (Compton, Morrissey, Nankervis 2014).
Ntiamoah et al., p. 4, 2014 say that recruitment
and selection have become ever more important as
organizations increasingly regard their workforce as a
source of competitive advantage.
Adeyemi, Dumade and Fadare (2015) in the
study of the influence of recruitment and selection on
organizational performance using questionnaire to study a
sample of only twenty respondents of Access Bank
branch. The study indicated that, advertising of job
vacancies to general public, use of employment agent(s),
the study also show that employee referrals are mostly the
mode for recruiting potential employees, it was also
realized that the method used in the recruiting and
selection process was very effective.
Ekwoaba, Ikeije, and Ufoma (2015) in a study
of the impact of recruitment and selection criteria on
International Journal of Engineering and Management Research e-ISSN: 2250-0758 | p-ISSN: 2394-6962
Volume- 10, Issue- 1 (February 2020)
www.ijemr.net https://doi.org/10.31033/ijemr.10.1.10
56 This work is licensed under Creative Commons Attribution 4.0 International License.
Present
Permanent
Employee, 8
Present Temporary
Employee, 12
Retired Employee,
16
Disabled
Employee, 14
All Above, 0
No. of Respondents
organizational performance revealed that recruitment and
selection criteria have a significant effect on
organization’s performance that the more objective the
recruitment and selection criteria, the better the
organization’s performance.
IV. RESEARCH METHODOLOGY
Research Methodology is a method to solve the
research problem systematically Descriptive Research is
used in this study. Primary as well as the secondary
sources was used for collection of data. Primary data is in
the form of Questionnaire, observation, Telephonic
Interview and secondary data involves the Books,
Journals, newspaper and other research report.
Sample Size
Sample was carried out at Midland Microfinance
Limited.
Statistical Tools Applied: - Are Bar diagram, Pie
etc.
Data Analysis and Interpretations
Analysis About Most Preferable Method Followed by Company
Response Number Of Respondents % of Respondaents
Direct Method
Indirect Method
Third Party
Others
74
14
8
4
74%
14%
8%
4%
Total 100 100%
International Journal of Engineering and Management Research e-ISSN: 2250-0758 | p-ISSN: 2394-6962
Volume- 10, Issue- 1 (February 2020)
www.ijemr.net https://doi.org/10.31033/ijemr.10.1.10
57 This work is licensed under Creative Commons Attribution 4.0 International License.
Interpretation
From the above table /graph it is observed that
74 Respondents have accepted that company is following
Direct Method for Recruitment and 14 Respondents are in
favour of Indirect Method as well as 8 Respondents
prefers Third Party and 4 Respondents come in the
category of Others.
Analysis about the Kind of Recruitment Sources were used by the Organization:
Response No. of Respondents % of Respondents
Present Permanent Employee 8 8%
Present Temporary Employee 12 12%
Retired Employee 16 16%
Disabled Employee 14 14%
All Above 50 50%
Total 100 100%
74
14
8
4
74% 14% 8% 4%
0
10
20
30
40
50
60
70
80
Direct Method Indirect Method Third Party Others
No. of Respondents
No.of Response % of Respondaents
Present Permanent
Employee
8%
Present Temorary
Employee
12%
Retired Employee
16%
Disabled Employee
14%
All Above
50%
NO.OF RESPONDENTS
International Journal of Engineering and Management Research e-ISSN: 2250-0758 | p-ISSN: 2394-6962
Volume- 10, Issue- 1 (February 2020)
www.ijemr.net https://doi.org/10.31033/ijemr.10.1.10
58 This work is licensed under Creative Commons Attribution 4.0 International License.
Inference
From the above graph ,it is clear that company
prefers the Present Employee, Temporary employees,
Retired employee, Disabled employee as internal source
for Recruitment.
V. LIMITATIONS OF THE STUDY
 The study was confined to the Recruitment of
the employees of Midland Micro Finance pvt ltd
Jal.
 Collecting data properly from employees
become difficulty due to the time constraint.
 Busy schedule of the employees also effected to
some extent.
 There is a chance for bias in the information
given by the respondents.
 HR department does not want to disclose the
whole information.
VI. CONCLUSION
In every organization Recruitment plays a vital
role. The study reveals that 74% respondents prefer,
direct method for recruitment, as well as elucidate the
various sources used for recruitment.
REFERENCES
[1] www.midlandmicrofin.com.
[2] Bhattacharyya DK. (2010). Human resource
management. New Delhi: Excel Books.
[3] K. Aswathappa. (2003). Human resource and
personnel management. India: Tata McGraw Hill.
[4] Edwin B. (1976). Principles of personnel
management. McGraw Hill Publication.
[5] L. M. Prasad. (2005). Human resource development.
New Delhi, India: Sultan Chand & Sons.
[6] L. M. Prasad. (2005). Principles and practices of
management. (6th
ed.). New Delhi, India: Sultan Chand &
Sons.
[7] Olatunji, E. S. & Ugoji, I. E. (2013). Impact of
personal recruitment on organizational development: A
survey of selected Nigerian workplace. International
Journal of Business Administration, 4(2), 79-103.
[8] Mustapha, A. M, Ilesanmi, O. A,. & Aremu, M.
(2013). The impacts of well-planned recruitment and
selection process on corporate performance in Nigerian
banking industry. International Journal of Academic
Research in Business and Social Sciences September,
3(9), 633-648.
[9] Ekwoaba, J. O., Ikeije, U. U., & Ufoma, N. (2015).
The impact of recruitment and selection criteria on
organizational performance. Global Journal of Human
Resource Management, 3(2), 22-33.

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A Study on Recruitment Process in “Midland Microfinance Limited” at Jal

  • 1. International Journal of Engineering and Management Research e-ISSN: 2250-0758 | p-ISSN: 2394-6962 Volume- 10, Issue- 1 (February 2020) www.ijemr.net https://doi.org/10.31033/ijemr.10.1.10 55 This work is licensed under Creative Commons Attribution 4.0 International License. A Study on Recruitment Process in “Midland Microfinance Limited” at Jal Nayia Sharma Assistant Professor, Department of Management, Innocent Hearts Group of Institutions, Jalandhar, INDIA Corresponding Author: nayiasharma@gmail.com ABSTRACT Human Resources is the most valued and most treasured asset for any Organization. Best Outcome can be Judged with the efficient Recruitment and Selection strategies. The main objective of this paper is to streamline Recruitment process in Midland Microfinance Ltd at Jal. The study also focuses its attention to carry out and promote a fair and transparent recruitment procedure. The well- structured questionnaire was used for the data collection. The source of data was both primary and secondary. Data analysis has been done with statistical tools like tables, graphs, bar diagrams etc. With reference of to this context the research paper entitled Recruitment has been prepared to put light on Recruitment process. The main objective of the study is to Highlights on the most preferable method for recruitment, as well as To study various the sources used for recruitment in Midland microfinance limited company in Jalandhar. Keywords-- Recruitment, Employees, Organization, Management I. INTRODUCTION Recruitment facilitates to identify and encouraging prospective employees to apply for a job. The recruitment process differs from one organization to others. Employee referrals, transfers promotions, retirements, walk-in , internal advertisements are the internal recruitment sources used by many organizations. But in modern scenario, with the entry of social media recruitment process was drastically changed. Methods like Online Recruitment or E-Recruitment are mostly used by many organizations for attracting the prospective employees, but Midland micro finance ltd is prefer using traditional methods. Company Profile Midland Microfin Limited provides financial services. Savings, business loan, insurance, credit, money transfers, counseling, etc is offered by Company. and other financial support services. It also serves customers in all over India. Mission of the company is to encourage micro enterprises as source of sustainable livelihood, by providing financial services with the help of technology. II. OBJECTIVES 1. To analyze the most preferable method for recruitment. 2. To study various the sources used for recruitment. III. LITERATURE REVIEW Olatunji and ugoji (2013) in a study of personnel recruitment on organizational development: a survey of selected Nigerian workplace using primary data to study certain recruitment procedures adopted in organizations and revealed that the recruitment procedures used in the organization influence personnel behaviour and performance though the study did not use any variable to measure organizational development or performance rather it measures the perception of male and female toward recruitment. recru Mustapha et.l (2013) opined that the aim of recruitment goes beyond mere filling of vacancies to include individual development and achievement and building a strong organization where effective team work and the individual's needs are realized at the same time. Florae (2014) argued that merit and demerit of the use of recruitment agencies to a firm is the same thing with that of external recruitment sources which he listed be: qualified personnel, a wider choice of candidates, fresh talent, competitive spirit among candidate etc. Compton, Morrissey, Nankervis 2014, says Getting recruitment and selection processes and techniques right the first time is crucial and is the product of human resource planning, job design, human resource development, remuneration systems, career and succession plans to satisfy and motivate qualified applicants (Compton, Morrissey, Nankervis 2014). Ntiamoah et al., p. 4, 2014 say that recruitment and selection have become ever more important as organizations increasingly regard their workforce as a source of competitive advantage. Adeyemi, Dumade and Fadare (2015) in the study of the influence of recruitment and selection on organizational performance using questionnaire to study a sample of only twenty respondents of Access Bank branch. The study indicated that, advertising of job vacancies to general public, use of employment agent(s), the study also show that employee referrals are mostly the mode for recruiting potential employees, it was also realized that the method used in the recruiting and selection process was very effective. Ekwoaba, Ikeije, and Ufoma (2015) in a study of the impact of recruitment and selection criteria on
  • 2. International Journal of Engineering and Management Research e-ISSN: 2250-0758 | p-ISSN: 2394-6962 Volume- 10, Issue- 1 (February 2020) www.ijemr.net https://doi.org/10.31033/ijemr.10.1.10 56 This work is licensed under Creative Commons Attribution 4.0 International License. Present Permanent Employee, 8 Present Temporary Employee, 12 Retired Employee, 16 Disabled Employee, 14 All Above, 0 No. of Respondents organizational performance revealed that recruitment and selection criteria have a significant effect on organization’s performance that the more objective the recruitment and selection criteria, the better the organization’s performance. IV. RESEARCH METHODOLOGY Research Methodology is a method to solve the research problem systematically Descriptive Research is used in this study. Primary as well as the secondary sources was used for collection of data. Primary data is in the form of Questionnaire, observation, Telephonic Interview and secondary data involves the Books, Journals, newspaper and other research report. Sample Size Sample was carried out at Midland Microfinance Limited. Statistical Tools Applied: - Are Bar diagram, Pie etc. Data Analysis and Interpretations Analysis About Most Preferable Method Followed by Company Response Number Of Respondents % of Respondaents Direct Method Indirect Method Third Party Others 74 14 8 4 74% 14% 8% 4% Total 100 100%
  • 3. International Journal of Engineering and Management Research e-ISSN: 2250-0758 | p-ISSN: 2394-6962 Volume- 10, Issue- 1 (February 2020) www.ijemr.net https://doi.org/10.31033/ijemr.10.1.10 57 This work is licensed under Creative Commons Attribution 4.0 International License. Interpretation From the above table /graph it is observed that 74 Respondents have accepted that company is following Direct Method for Recruitment and 14 Respondents are in favour of Indirect Method as well as 8 Respondents prefers Third Party and 4 Respondents come in the category of Others. Analysis about the Kind of Recruitment Sources were used by the Organization: Response No. of Respondents % of Respondents Present Permanent Employee 8 8% Present Temporary Employee 12 12% Retired Employee 16 16% Disabled Employee 14 14% All Above 50 50% Total 100 100% 74 14 8 4 74% 14% 8% 4% 0 10 20 30 40 50 60 70 80 Direct Method Indirect Method Third Party Others No. of Respondents No.of Response % of Respondaents Present Permanent Employee 8% Present Temorary Employee 12% Retired Employee 16% Disabled Employee 14% All Above 50% NO.OF RESPONDENTS
  • 4. International Journal of Engineering and Management Research e-ISSN: 2250-0758 | p-ISSN: 2394-6962 Volume- 10, Issue- 1 (February 2020) www.ijemr.net https://doi.org/10.31033/ijemr.10.1.10 58 This work is licensed under Creative Commons Attribution 4.0 International License. Inference From the above graph ,it is clear that company prefers the Present Employee, Temporary employees, Retired employee, Disabled employee as internal source for Recruitment. V. LIMITATIONS OF THE STUDY  The study was confined to the Recruitment of the employees of Midland Micro Finance pvt ltd Jal.  Collecting data properly from employees become difficulty due to the time constraint.  Busy schedule of the employees also effected to some extent.  There is a chance for bias in the information given by the respondents.  HR department does not want to disclose the whole information. VI. CONCLUSION In every organization Recruitment plays a vital role. The study reveals that 74% respondents prefer, direct method for recruitment, as well as elucidate the various sources used for recruitment. REFERENCES [1] www.midlandmicrofin.com. [2] Bhattacharyya DK. (2010). Human resource management. New Delhi: Excel Books. [3] K. Aswathappa. (2003). Human resource and personnel management. India: Tata McGraw Hill. [4] Edwin B. (1976). Principles of personnel management. McGraw Hill Publication. [5] L. M. Prasad. (2005). Human resource development. New Delhi, India: Sultan Chand & Sons. [6] L. M. Prasad. (2005). Principles and practices of management. (6th ed.). New Delhi, India: Sultan Chand & Sons. [7] Olatunji, E. S. & Ugoji, I. E. (2013). Impact of personal recruitment on organizational development: A survey of selected Nigerian workplace. International Journal of Business Administration, 4(2), 79-103. [8] Mustapha, A. M, Ilesanmi, O. A,. & Aremu, M. (2013). The impacts of well-planned recruitment and selection process on corporate performance in Nigerian banking industry. International Journal of Academic Research in Business and Social Sciences September, 3(9), 633-648. [9] Ekwoaba, J. O., Ikeije, U. U., & Ufoma, N. (2015). The impact of recruitment and selection criteria on organizational performance. Global Journal of Human Resource Management, 3(2), 22-33.