Abstract
A Study on Effective Recruitment and Selection Strategies – The study is done to find out the effectiveness of recruitment and selection process carried out in the ICL Service Solution. To suggest them the various advanced technologies and methods to recruit the suitable candidate for the job. The results of the study may help the recruitment team to improve their recruitment policies and process in order to improve the effectiveness and efficiency of the recruitment process.
A study of this kind helps to put theoretical aspects into the project and aims to give information to ICL Service Solution. Nature of the study methods used, findings of the investigation, conclusion and recommendations inferred from the findings also aims to enable ICL Service Solution to implement the recommendations made at the end of the study. The scope of the study is limited only to the Human Resource Department Aspects of ICL Service Solution. The study is confined only to this functional area, Specifically on Recruitment and Selection Process of the company.
The main objective of project is to study the recruitment & selection process in ICL Service Solution. The secondary objectives are to assess the perception of the employers towards the various sources of recruitment, identify the effectiveness of interview process and interviewer, analyze the effectiveness of final and HR discussion process, study the view of employees about the quality of medical test undertaken, understand the standard of technical interview conducted and to know the overall satisfaction about the various features of compensation offered.
Introduction
Recruitment is the way toward hunting down imminent representatives and animating them to apply for employments in the association. Determination might be characterized as the procedure by which the association looks over among the candidates, those individuals whom they feel would best meet the employment necessity, considering current natural condition. The venture title “A study on Recruitment and Selection Process” directed in ICL Service Solution intends to discover the general assessment of the Recruitment and Selection handle gone to by the workers at ICL Service Solution. The fundamental goal of this venture is to think about on the enrollment and determination procedure of ICL Service Solution. The optional destinations are to distinguish whether the Recruitment is done from inner or outer sources, to dissect the adequacy of enrollment and choice process, to recognize the components of Recruitment and choice process, to recognize better approaches for enhancing the present enrollment methodology, to distinguish the normal time spent for determination handle.
For this venture the essential information has been gathered specifically from the respondents utilizing a poll while the optional information was gathered from books, articles and the web. In this review, a poll was utilized to gather information from the specimen. In this review stratified inspecting system is utilized. The populace size is 220 and the specimen measure for the review is 145. The apparatuses that are utilized as a part of this venture are Percentage examination, Two-way Anova, Chi-Square, Weighted Average, Median and Rank Correlation.
The requirement for this venture is to decide the present and future prerequisites of the association staff arranging and occupation investigation exercises, to comprehend the Recruitment and choice process in association and to examination of the time administration in the enrollment procedure. This review settles on choice in choosing the correct contender for the correct occupation, this review helps the association to distinguish the range of issue.
Recruitment Trends in India
Like any other industry, the recruitment “industry” is cyclical. It follows the cycles of other industries to a large extent. But the recruitment industry has a significant advantage because of the “products” it promotes – skilled manpower. For any organization, in any kind of economy, skilled manpower is absolutely essential.
In a booming economy, companies in India were offering high salaries and attractive incentive packages to attract the best talent to their payroll. However, as the economic downturn hit countries around the world, Indian companies suffered too. Lay-offs, salary cuts and deferred payments became commonplace. A vast pool of skilled, un-employed candidates was created during this recession. During this period, hiring was extremely limited and companies could cherry-pick from the cream of the crop.
Now that the economy, at least in India, seems to have stabilized and started clawing back to what is was in 2008, some striking trends are being observed in the recruitment industry. These trends have their roots in the recession and its effects on job seekers and recruiters.
Current Scenario of Recruitment Agencies
- Demand is more than supply in the job market so the challenge for recruitment agencies is to supply the right candidates at the right place and most importantly at the right time.
- The clutter of recruitment agencies has led to a major chaos among the candidates to select the best agency for them to get placed because every agency seems similar and there is nothing new offered by them which they can claim i.e. adding value to the process.
Rise of the Placement Industry in India
Any and all aspect of HR can be outsourced. The research by Gartner, Inc., shows that around 80 percent of companies these days are outsourcing at least one HR activity, and the number such companies and the extent of human resources outsourcing is swiftly increasing. Companies are now looking at specialized firms in recruitment and placement to complete various aspects of human resource management.
Components of a Project Report
A project report varies according to the MBA final year project course at top colleges, depending on the consequences and the requirements of the concerned project. But broadly, a project covers the following components:
- Title page
- Table of contents
- Introduction
- Background of the project
- Project objectives
- Methodology
- Results
- Discussion and Analysis
- Conclusion
- Bibliography or references
- Appendices
Project Report Pages : 80
Can be used in : HR
Delivery Time : Within 12 hours.
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