Comparison of Recuritment and selection between Bank Alfalah and Askari bank 2014
Table of Contents
CHAPTER NO.01. 2
1.1 Introduction of the project:2
1.2 Background of the project:3
1.3 Research objectives:4
1.4 Significance:5
CHAPTER NO.02 Methodology:6
2.1 Data collection source:6
2.2 Data Collection Tools/Instruments:6
2.3 Subjects/Participants:6
2.4 Sampling technique:-6
2.5 Fieldwork/Data Collection:7
2.6 Data Processing & Analysis:7
2.7 References:8
In this 21st century, the main challenges organizations are facing are to attract and select the most suitable workers for the organization.
“Recruitment is the process of searching for prospective employees and stimulating them to apply for jobs in the organization.”
“Selection is defined as the process of differentiating between applicants in order to identify those with a greater likelihood of success in a job”.
Recruitment is a process of identifying & encouraging prospective employees to apply for a post and Selection is the process of selecting the right candidate from the pool of applicants. Recruitment and selection is a two-way process as it involves both organization and the applicant to discover the degree to which their separate interests are satisfied.
Different recruitment and selection activities are adopted by organizations to search those candidates that are the best fit for the organization. This process must be fair, effective and systematic as the values; perceptions of employees bring life to the organization. The success of every business depends on the performance of the people working there.
Recruitment and selection process is vitally important to any organization desirous of attracting and appointing qualified personnel. Getting the right people in the right place at the time doing the right job is an essential element of recruitment and selection process in organizations. In order for the process to meet desired goals, it must be valid and measurable, with minimum adverse impact.
Now a day it becomes difficult for organizations to find, recruit and select talented employees from the current labour market. It becomes essential for organization to effectively attract, select and recruit the quality candidates that are appropriate for the specific job. Also the candidates are not only looking for attractive salary but they need a learning environment and various benefits that an organization can provide.
An organization uses different recruitment and selection techniques like candidate’s motivational and behavior information, personality tests and supranational.
To improve organizational outcomes, the better recruitment and selection strategies must be adopted. The effectiveness of selection system of an organization fulfills the expected business outcomes.
Recruitment and selection forms a core part of the central activities underlying human resource management: namely, the acquisition, development and reward of workers. It frequently forms an important part of the work of human resource managers – or designated specialists within work organizations. However, and importantly, recruitment and selection decisions are often for good reason taken by non-specialists, by the line managers. There is, therefore, an important sense in which it is the responsibility of all managers, and where human resource departments exist, it may be that HR managers play more of a supporting advisory role to those people who will supervise or in other ways work with the new employee.
Recruitment sources
The mean value for recruitment sources for Bank Alfalah is 4.24 which indicates that employees choose agree option for the given statement of questionnaire that vacancies are advertised in well-known papers, jobs are also advertised in company’s website and for hiring of executive employee organization goes for college recruiting. This shows that Bank Alfalah is using multiply sources. On the other side standard deviation value 0.49 is indicating that there is minor difference between respondents response against each question.
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