Premium Essay

Intrenship Report on Recruitment & Selection System of United Commercial Bank Ltd

In: Business and Management

Submitted By salikhon
Words 12177
Pages 49
1. Introduction:
The recruitment and selection processes of an organization are two of its most important HR 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.
1.1 Origin of the Report:
This report is a requirement of the internship program which is an important part of the MBA degree requirement. As the supervisor has advised me to develop a thorough understanding of the recruitment and selection processes of Prime Bank Limited (PBL), this report will be prepared on those aspects of the HR practices of PBL.
1.2 Objectives of the Study:
The objectives of this study will be: * To evaluate the current recruitment and selection policy and process of Prime Bank Limited. * To find out the weaknesses of the current policy. * To suggest improvements to the policy.
1.3 Methodology:
In the preparation of this report, data has been collected from both primary and secondary sources. In-depth interviews of some of the employees of the HR Division of Prime Bank Limited have been conducted to gather necessary information. Also, the Recruitment and Selection Policy of PBL has been consulted in preparing this report. Moreover, text books, the internet, the annual report of Prime Bank Limited etc. have been used to collect information.
1.4 Scope:
The scope of this study is only the recruitment and selection policy and processes of Prime Bank Limited.
1.5 Limitation:
The major limitation of this report is that some confidential information was not available for the purposes of this report.
2. Prime Bank Limited at a Glance:
Prime Bank was established in April 1995 by a group of visionary entrepreneurs.…...

Similar Documents

Premium Essay

Recruitment and Selection Process in Incepta Pharma Ltd, Bd

...1216 Subject: Submission of report on “Recruitment and Selection Process of Incepta Pharmaceuticals” Dear Sir, Here is the report on “Recruitment and Selection Process of Incepta Pharmaceuticals Ltd.” , which you have assigned us as part of the course curriculum Manpower Planning and Personnel Policy (J-601). This is a group assignment, which was assigned after a series of class lectures and presentations. Thank you for offering us the opportunity to prepare this report. We appreciate the chance to apply our theoretical knowledge which will surely stand us in good stead. We hope that despite of the limitations, this report will give a fare idea regarding Recruitment and Selection Process of an organization to the interested readers. We will be glad to clarify queries if you have any. Finally, we thank you again for providing us the opportunity to carry out such study. Sincerely yours, Md. Hafizur Rahman ……………... Faruque Ahmed ……………… Recruitment and Selection Process of Incepta Pharmaceuticals Ltd. Prepared for: Homayara L. Ahmed Course Instructor Manpower Planning and Personnel Policy (J-601) Prepared by: Md. Hafizur Rahman M1112023 Faruque Ahmed M1112038 MBA-12 BANGLADESH UNIVERSITY OF PROFESSIONALS Mirpur Cantonment, Dhaka September 25, 2012 Executive summary Incepta Pharmaceuticals Ltd. is a leading......

Words: 1692 - Pages: 7

Premium Essay

Recruitment and Selection

...processes for recruitment and selection. Word count (excluding references and front page): 2,995 In 21st Century, tight labour market affects in more complicated and difficult task for organizations which crave to recruit and select talented employees. Fewer qualified applicants, influence in ever greater competition for precocious employees. Deficiency of talented aspirants beg the doom of necessity for successful attract, selection and remaining talented people. Larry Bossidy said that:”If you do not get the right people, you will never fulfil the potential of your business”. Building on that point, future employees are essential to provide the organization with a competitive edge. Bering in mind, that from candidates’ effectiveness depend prosperity of the company, it is essential to recall Jim Collins quotation “People are not your most important asset. The right people are.” Adoption of an effective recruitment and selection process will assure the organization with identification and admittance of ‘right people’. This essay will discuss the aim, most important stages and techniques in recruitment and selection process. It reviews the impact for an organization as a whole and explains importance of effective recruitment and selection process for the business. The particular importance of legal context will be explained and suggestions would be provided. Recruitment process Dowling and Schuler (1990 as cited in Beardwell and Holden 1997) defined recruitment......

Words: 3069 - Pages: 13

Premium Essay

Recruitment and Selection

...Recruitment and selection of Insurance Companies PREFACE People are a company’s most important assets. They can make or break the fortunes of a business. In today’s highly competitive business environment placing the right people in the right position is very critical for the success of any organization. The recruitment and selection decision is of prime importance as it is the vehicle for obtaining the best possible person-to-job fit that will, contribute significantly towards the Company's effectiveness. It is also becoming increasingly important, as the Company evolves and changes, that new recruits show a willingness to learn, adaptability and ability to work as part of a team. The Recruitment & Selection procedure ensures that these criteria are addressed   In this project I have studied Recruitment and Selection process of ICICI Prudential Life Insurance and attempted to provide some ways so as to make recruitment more effective and to reduce the cost of hiring an employee. I am privileged to be one of the students who got an opportunity to do my training with ICICI Prudential Life Insurance.  My involvement in the project has been very challenging and has provided me a platform to leverage my potential in the most constructive way. ICICI Prudential Life insurance is one of India's leading financial institutions offering complete financial solutions that encompass every sphere of life. In a short span of time,ICICI has set an example by having a steady and......

Words: 4345 - Pages: 18

Premium Essay

United Commercial Bank Limited

...AN INTERNSHIP REPORT ON Analyzing the Problem of General Banking System of United Commercial Bank Limited Prepared By Sirajum Munira ID NO: 10254030 Department of Finance & Banking University of Rajshahi Supervised By Md. Monimul Haque Assistant Professor Department of Finance & Banking University of Rajshahi July 2012 Analyzing the Problem of General Banking System of United Commercial Bank Limited Prepared By Sirajum Munira ID NO: 10254030 Department of Finance & Banking University of Rajshahi An internship report submitted in partial fulfillment of the requirement for the degree of Master of Business Administration (MBA) Supervised By Md. Monimul Haque Assistant Professor Department of Finance & Banking University of Rajshahi July 2012 July-30, 2012 The Supervisor Department of Finance and Banking University of Rajshahi Subject: Submission of Internship Report Dear Sir, I am delighted to present my Internship Report on “Analyzing the Problem of General Banking System of United Commercial Bank Limited”, which is prepared in a partial fulfillment of the requirement for the degree of MBA. Preparing such kind of report is a great opportunity for me while having overall knowledge on General Banking practice. I believe that the practical learning will boost our intellects in our coming career life. I......

Words: 11945 - Pages: 48

Premium Essay

Internship Report on Janata Bank Ltd

...Pharmaceutical Company: A Study on The ACME Laboratories Ltd. Abstract In the modern world, Bangladesh’s pharmaceutical industry plays a vital role. For pharmaceutical company there are some limitations on product promotion through the mass media, such as radio, TV and/or News paper. Thus, the total marketing system depends on marketing team. This paper presents the findings of the study conducted on the ACME Laboratories Ltd. to examine the marketing system. This study reveals that the ACME Laboratories Ltd.’s products are consumed allover the country and also globally. Their motive is to maintain the quality of the product to cope up with the existing competition. Their objective is to treatment the disease, they also set a reasonable price by considering the middle class people to get some benefit from the ACME Laboratories Ltd. They follow all possible distribution channels to make their product available to the customers and at a comfortable place. The ACME Laboratories Ltd. has also endeared to strength its network in international marketing operation to export products abroad. The company provides some motivational tools to the internal sales team. The company provides fringe benefit to these people. It is the most successive tool for the company. From the study we find that the ACME Laboratories Ltd. is a socially responsible company, and practice ethical values. From the study it has appeared that the ACME Laboratories Ltd. is facing some minor marketing problems.......

Words: 5228 - Pages: 21

Premium Essay

Recruitment & Selection Practices in Safat Motors Ltd

...high turnover rates, and rapid business growth in the service sectors, it has been noted that recruiting, selecting, and placing applicants are among the top three priorities of human resource professionals (Bureau of National Affairs, 2000; Straus, Miles, and Levesque, 2001 cf. Bauer et al., 2004). Since the motor vehicle industry in Bangladesh is faced with these three challenges, recruitment and selection comprises an important human resource practice in this industry. Further, in this industry, human resources comprise both the raw material and the “technology” (Communication) and are therefore of prime importance. |1.1 Origin of the report: | This report titled “Recruitment and Selection Procedure of Safat Motors Limited” is a curriculum requirement for Master of Business Administration (MBA) Degree of Southeast University, Bangladesh under the supervision of Ms. Afreen Ahmad Hasnain, (Department of Business Studies) organized at Safat Motors Limited, Head Office, Dhaka. So this report is the outcome of my 6 months practical knowledge at Safat Motors Limited. |1.2 Background of the study: | Motor Vehicle sector is a very curtail part of a country. It plays a very much important role in the economy & business and always tries to make a sign on the......

Words: 16430 - Pages: 66

Premium Essay

The Impacts of Recruitment Practice at Commercial Bank of Ethiopia

...Business Proclamation No. 84/1994 propels the emergence of many private banks in the market since 1994 (Kiyota et.al, 2007). This joined by rapid technological advancement and improved communication systems, has contributed to the increasing integration and resemblance amongst banks in the financial sector. As a result, banks are now faced with very high and intense competition amongst them (Harvey, 2010). Hence, in order to win this intense competition and maintain their market share of the bank industry; Human resources management is critical to the success of organization because human capital qualities that make it valuable, in sense high quality employees provide that a needed services as they perform capital function and resource of the employer (Donnelly et.al, 1992). Since, human resource management is vital for an organization, to acquire an effective and efficient employee, Recruitment, as a human resource management function, is also one of the activities that impact most critically on the performance of an organization. Therefore, recruitment is the process which has to be done carefully. According to (Weihrich and Koontz, 1994), recruitment involves attracting of candidates to fill the positions in an organizational structure. Before recruiting begins, the position's requirements which should relate to the task must be clearly identified. (Stonner et.al, 2000) stated that the purpose of recruitment is to provide a group of candidate that is large enough to......

Words: 4308 - Pages: 18

Premium Essay

General Banking System of Janata Bank Ltd

...Internship Report, Term Paper Home Rules and Regulations Educarnival Home Search Keywords Search General Banking System of Janata Bank Ltd August 31, 2012 | Author: MD. Musawir Hasan | Posted in General Banking Table of Contents 1 INTRODUCTION 1.1 OBJECTIVE OF THE STUDY 1.2 METHODOLOGY OF THE STUDY 1.3 IMPORTANCE OF THE STUDY 1.4 LIMITATION OF THE STUDY 1.5 PURPOSE OF THE REPORT 2 ABOUT JANATA BANK LIMITED 2.1 VISION OF JANATA BANK 2.2 MISSION OF JANATA BANK 2.3 OBJECTIVES OF JANATA BANK 2.4 VALUES OF JANATA BANK 2.5 BUSINESS PHILOSOPHY OF JANATABANK LTD. 2.6 THEIR LONG TERM STRATEGY 2.7 BUSINESS AREAS OF JANATA BANK LTD. 2.8 ORGANIZATIONAL STRUCTURE OF JANATA BANK 2.9 History of the Bank 2.9.1 Functions of the Bank 2.9.2 Branch network 2.9.3 Management system 2.9.4 Products and Services 3 Introduction: 3.1 FUNCTIONS OF GENERAL BANKING: 3.1.1 Documents to be obtained for different types of account: 3.1.2 Remittance Section: 4 Foreign Exchange 5 Guarantee 6 Bank’s liability: 6.1 Fiscal incentives: 6.2 Financial incentives: 7 Remittance 7.1 Interest received from Loan for the last 3 years 8 BIBLIOGRAPHY 9 Findings 9.1 Possible Measures 10 Conclusion: INTRODUCTION Today’s fast growing companies need business banking services that fully meet their expectations for speed, convenience, efficiency and security. To ensure their optimum level of satisfaction, regarding their necessity for this type of affluent banking services different types of local as well as multinational......

Words: 20232 - Pages: 81

Premium Essay

Recruitment and Selebtion Report

...RECRUITMENT AND SELECTION PROCESS OF STANDARD BANK LIMITED Report submitted in fulfilment of the requirements for the degree of Master of Business Administration with a major in HRM ADITI DAS MATRIC NO.: R123335 PROGRAMME: MBA DEPARTMENT OF BUSINESS ADMINISTRATION FACULTY OF BUSINESS STUDIES INTERNATIONAL ISLAMIC UNIVERSITY CHITTAGONG SPRING 2014 RECRUITMENT AND SELECTION PROCESS OF STANDARD BANK LIMITED ADITI DAS MATRIC NO.: M063089 PROGRAMME: MBA Internship Duration: June 15–August 15 2014 Date of Submission: August 20, 2014 SUPERVISOR MOHAMMAD AKTARUZZAMAN KHAN ASSOCIATE PROFESSOR DEPARTMENT OF BUSINESS ADMINISTRATION FACULTY OF BUSINESS STUDIES INTERNATIONAL ISLAMIC UNIVERSITY CHITTAGONG SPRING 2014 LETTER OF TRANSMITTAL 25 Augest, 2014 The Dean Faculty of Business Studies International Islamic University Chittagong (IIUC) Subject: Internship Report Dear Sir, Assalamu A’laikum Wbt. Wrt. This is my immense pleasure submitting my internship report based on the topic of Recruitment and selection of Standard Bank. This report is the upshot of my internship programme that correlated my academic study with practical organizational experience. During my internship period in Standard Bank (SBL), I have come to know, how actually, a commercial bank of high......

Words: 9808 - Pages: 40

Premium Essay

Recruitment and Selection

...Summer Training Project Report ON Recruitment And Selection Submitted in Partial fulfillment of requirement of award of MBA degree of GGSIPU, New Delhi Submitted By: priyanka 015 2010-2012 Northern India Engineering College (Affiliated to GGSIPU) FC-26, Shastri Park, Delhi-110053 ACKNOWLEDGEMENT Connection, dedication and application are necessary but not sufficient to achieve any goal. These must be awarded by guidance. This is to express my earnest gratitude & extreme joy on being bestowed with an opportunity to work in an organization as respected and reputed as BHL, Noida. It is impossible to thank personally all the people who have helped me in completion of this informative project, but it would avail this opportunity to express my profound gratitude and indebtedness to the following people:- I am indebted to Mr. Mohan Kumar Sharma (Officer – Group HR, BAJAJ HINDUSTHAN LIMITED) who gave me the opportunity to work with the organization. I am extremely grateful to my guide and project coordinator Mr. Mohan Kumar Sharma (officer– HR) & Mr. Shankar Singh (Sr.Officer –HR) who removed every stumbling block in my endeavor to complete my project successfully. They proved to be a......

Words: 3485 - Pages: 14

Free Essay

Report for a Recruitment Selection Process

...| REPORT FOR A RECRUITMENT SELECTION PROCESS | | | | | You have been asked by Johnsons Care Company to recruit a new Administrative Assistant for them. Write a report for a recruitment selection process that could be used to select this person | The purpose of this report is to understand the effective recruitment selection process from Johnson Company in recruiting the suitable candidate of Administrative Assistance in their organizations. Recruitment selection process is a procedure of engaging individual suitable qualifications with abilities to apply for a position in an organizations. We will look into the KSAOs model as an assessment of recruitment selection process for the position of Administrative Assistance in Johnson Company. KSAOs are the model that consist in Knowledge, Skills, Abilities, and Other characteristics that a basic applicant must possess in order to perform and excel successfully in the position. Moreover, KSAOs typically divided into two major categories which consist of technical and behavioral. From technical perspective, KSAOs measure attributes knowledge and “hard” technical skills, like the basic administrative and management in the warehouse for an administrative assistance position in this instance. Behavioral KSAOs measure “soft” skills which consist of the attitudes and approaches that applicants applied in the work strategy, such as the ability to collaborate and communicate on wide level of range with the......

Words: 2045 - Pages: 9

Premium Essay

Recruitment and Selection System Evaluation

...------------------------------------------------- Topic: Evaluation of Google’s Selection System Management Team, The evaluation of the newly implemented selection system consisted of analyzing the key issues of the old system, the goals for why Google changed its system, the process used to evaluation, the positives and negatives of the new system, and recommendations for future efficiency changes. Please review the evaluation results and direct your thoughts and future directions at your convenience. Key Recruitment and Selection Issues The key issues that prompted a change in application processing was the efficiency of selecting the most suitable applicants through application review, interviewing, and testing processes. Google’s algorithms have been able to sort through applications, reducing recruiter’s hours spent on reviewing applications however, are there any negatives to these algorithms? A more efficient process was required to reduce recruiter’s time spent on interviewing candidates, as half a dozen interviews was a lengthy process for both recruiters and applicants. Goals for change Google’s selection system previously required successful applicants to have a 3.7 GPA. Strictly focusing on academics, management was not satisfied with the outcomes of the system, they were not attracting the type of employees they wanted. Also, by focusing on GPA, there is assumption that they mean to only hire younger candidates because older ones will not have a GPA to......

Words: 1783 - Pages: 8

Premium Essay

Recruitment & Selection Process of Mutual Trust Bank Limited

...Bangladesh, the banking system as a whole has a vital role to play in the progress of economic development. The number of local commercial banks and foreign banks is increasing day by day. This rapid expansion of the financial market has created immense competition among the existing local and foreign banks. The core business of a bank is providing various services (collecting deposits, lending money, foreign exchange services etc.) directly to the customers. All the banks are now very much concern for providing better services to survive in the competitive environment. In this report I will explore how effectively MTBL is providing the Recruitment & Selection Process. In this report, I will identify Employer’s expectations about Mutual Trust Banks’ services and the services they actually receive from the bank. I will also find out whether there is any service gap and will recommend for minimizing the gap to enhance its service quality. I believe this report will be helpful for me to gain practical knowledge “Recruitment & Selection Process”operations as it has a great contribution in the growth of our economy. 1.2 Rational of the Study I am proposing this topic because; the information on employee Recruitment & Selection process of MTBL is accessible for me from the Branch and corporate offices. And as a HR internship student I need to work on such a topic which is directly related with my subject of study, so I have chosen Recruitment & Selection......

Words: 10016 - Pages: 41

Premium Essay

Recruitment and Selection Process of Al-Arafah Islami Bank Limited.

...paper The main purpose of report is to focus on the recruitment and selection process that will enhance our skill and broaden our area of knowledge about the interesting world of human resource and management. Recruitment and selection process is such type of task that is based more on projections and creativity and it involves lot of effort to be successful. By making this report we will be able to reach to the in-depth of recruitment that will help to identify our lacking of job analysis and this will be helpful for our future career. This term paper being made as the requirement of the course human resource Management objectives. 1.2- Limitations We are really grateful to our course instructor Ethica Tanjeen as for her that we have got the opportunity to do such analytical task. Through making this term paper; we will be able to gain the practical knowledge. It will help us to improve our communication and analytical skill that will benefit us in future. As we are just studying in BBA so we have some lack of knowledge to do such task efficiently and effectively and there must be some mistakes in this report. But through doing such analytical job we can overcome our lacking. Chapter 2 Theoretical Frame Work 2.1- Recruitment and Selection Recruitment and selection are two of the most important functions of personnel management. Recruitment precedes selection and helps in selecting a right candidate. Recruitment is a process to discover the...

Words: 6475 - Pages: 26

Premium Essay

Recruitment and Selection

...Goa Institute of Management Sanquelim Goa India 403 006 A Project Report on Recruitment & Selection at Bharat IT Services Ltd (Formerly known as SpiceNet Ltd) Under the guidance of Mrs. Payal Verma Head, Human Resources Bharat IT Services, Noida & Prof. Sambandam Faculty, Goa Institute of Management By Siddharth Goyal PGP 2011-13 Roll No. 2011237 Transmittal Memorandum DATE: TO: FROM: June 10th, 2011 Prof. Sambandam Siddharth Goyal, PGP 2011-13 SUBJECT: Understanding the process of selection and recruitment at Bharat IT Services Ltd. This report pertains to the selection and recruitment process at Bharat IT Services Ltd. This report is required to be submitted as per the requirement for partial fulfillment of PGDM course at Goa Institute of Management. The Human Resource Department is responsible for a lot of functions that are crucial for the organization and Recruitment & Selection is one of them. For any organization to succeed it is essential to select the right candidate for the right job. It is said that if right person is selected for the right job half of the work is done. Thus understanding the process of recruitment and selection in depth is essential for all the management students especially for those who aspire to make their career in the field of Human Resources. 2|Page Goa Institute of Management Sanquelim Goa India 403 006 Post Graduate Program Post Graduate Diploma in Management: 2011 – 2013 Term – IV: Summer......

Words: 7523 - Pages: 31

Watch Series | geminikq | Nushine Silver Plating Solution -Plate Metals With Real Silver - Free Uk Postage