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Recruitment And Selection Process

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Published in: HR/Personnel
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Recruitment and Selection process in banking sectors and differences in recruitment and selection at public bank and private bank.

Rashmi J / Noida

7 years of teaching experience

Qualification: pgdm

Teaches: English, Mathematics, Science, Biology, Physics, Management Subjects

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  1. RECRUITMENT AND SELECTION PROCESS IN BANKING SECTOR
  2. RECRUITMENT AND SELECTION AT PUNJAB NATIONAL BANK Recruitment policy governs recruitment to both clerical cadre as well as officer cadre. Clerical cadre recruitment is done state-wise and recruitment for senior management is done on all India merit basis. MODE OF RECRUITMENT They use both direct and indirect methods. Campus recruitment- Bank may recruit from professional institutions/universities but only when it get approved from Board. Advertisement- It is the way to make applicant aware of vacancy in the bank for different posts. ' Contractual recruitment- Appointing experts, specialist on contract basis for maximum of 3 years from IT, marketing, civil, architect etc.
  3. Cont... ' Selection is a process just followed after recruitment to hire right candidate suitable for job. Selection process at PNB: ' Selection for different posts in PNB is based on written test followed by the interview process. Written examination is controlled by Institute of Banking personnel selection consisting aptitude test, logical reasoning, English vocabulary test ,GeneraI knowledge test etc. Short-listing of candidates on the basis of performance in the test. Short-listed candidates go through interview process that consists of different rounds. It can be technical, HR round or skill-test .
  4. Cont.. Final decision of selection is made by regional manager for clerical cadre and by Chairman and Managing Director for officer cadre. Medical examination selected candidate should submit medical fitness certificate issued by a medical officer, not below rank of civil surgeon in district hospital. Verification of documents.
  5. RECRUITMENT AND SELECTION AT HDFC BANK The hiring manager along with Human Resource department would decide source to use based on nature of recruitment. HDFC uses following sources of recruitment Internal sources: internal job postings to explore internal candidates. Employee referral: They encourage employees to refer suitable candidates for open positions. External sources: recruitment agencies, external job postings, campus recruitment.
  6. Cont.. They use both direct and indirect methods of recruitment, but usually indirect methods like employee referral, selecting within own organization , advertisements in newspapers and journals are commonly used. SELECTION PROCESS AT HDFC APPLICATION PROCESSING: HDFC respond to all solicited applications within five working days. INTERVIEW PROCESS: Selected applicants interview. are required to undergo face to face
  7. Cont... Interview can be one to one interaction, telephonic, video conference screening . For recruitment at junior levels, job fairs, universities etc HDFC use aptitude test for purpose of short-listing from mass and then interviewed. Each interviewer have to fill the feedback form and submit it to HR. HR compiles the result and final decision is taken by line manager.
  8. Cont.. Offer letters: HR prepares an offer/fitment as per the compensation structure. Contract letter is signed by the candidate to formally accept employment from organization. PROBATION POLICY: It is a period of six months to analyze the suitability of new employee for continued employment. Assessment is based on work -performance, habit, attitude, punctuality, productivity etc.
  9. Comparative Study Between Two PNB uses external sources for recruitment process while HDFC believes in internal source, employee referral and also external sources. ' Recruitment policy of PNB gives equal opportunities to every section of the society allowing young talent to compete while HDFC mainly focuses on their former employees. ' Reservation according to norms of government are there in PNB while in HDFC there is no privilege for any caste and creed. ' Recruitment and selection process takes longer period of time span in case of PNB while HDFC takes 5 days to tell about the status of recruitment.
  10. Cont.. PNB involves both written test and interview process for final selection while HDFC only take interview . But interview test of HDFC is more stronger because it detects the analytical skills, logical ability at different panels. It can be technical round, HR round and skill-test. ' Policy of probation is there in HDFC that measures the continuous process of an employee and may result in promotion and demotion of an employee but same can't be implied in case of PNB. Decision making for final recruitment is under supervision of hiring manager and Human resource department in case of HDFC while in case of PNB it is under Chairman and managing director.

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