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    A Summer Training Project Report On: Recruitment & Selection Process in Bajaj Allianz

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    Monika Verma
    This document reports on a summer training project about the recruitment and selection process at Bajaj Allianz. It provides an overview of the company profile, outlines the objectives and methodology of the study, analyzes the recruitment sources and selection process, observes findings such as the overreliance on consultancies, and provides suggestions like reducing costs through e-recruitment.

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    A Summer Training Project Report On: Recruitment & Selection Process in Bajaj Allianz

    Uploaded by

    Monika Verma
    1K views21 pages
    This document reports on a summer training project about the recruitment and selection process at Bajaj Allianz. It provides an overview of the company profile, outlines the objectives and methodology of the study, analyzes the recruitment sources and selection process, observes findings such as the overreliance on consultancies, and provides suggestions like reducing costs through e-recruitment.

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    This document reports on a summer training project about the recruitment and selection process at Bajaj Allianz. It provides an overview of the company profile, outlines the objectives and methodology of the study, analyzes the recruitment sources and selection process, observes findings such as the overreliance on consultancies, and provides suggestions like reducing costs through e-recruitment.

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    Download as pptx, pdf, or txt
    1K views21 pages

    A Summer Training Project Report On: Recruitment & Selection Process in Bajaj Allianz

    Uploaded by

    Monika Verma
    This document reports on a summer training project about the recruitment and selection process at Bajaj Allianz. It provides an overview of the company profile, outlines the objectives and methodology of the study, analyzes the recruitment sources and selection process, observes findings such as the overreliance on consultancies, and provides suggestions like reducing costs through e-recruitment.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 21

    A

    Summer Training Project Report on

    Recruitment & Selection Process in Bajaj Allianz

    Submit To

    St. Soldier Management & Technical Institution ,


    Jalandhar
    Content

    Introduction
    Company profile
    Need for the study
    Objective of the study
    Purpose of the study
    Research methodology
    Review and literature
    Analysis & Interpretation
    Observation & findings
    Conclusion
    Bibliography
    Introduction

    Bajaj Allianz Life Insurance Co. Ltd is very well


    known Insurance Company.
    In India it is the largest Insurance company in the
    world, had joined hands with famous Bajaj Auto
    one of the trusted name in automobiles.
    The project mainly focus on two important aspects
    of the company
    Recruitment
    Selection
    Company Profile

    Bajaj Allianz Life insurance Company Limited is a joint venture


    between Allianz AG of Germany and Bajaj Auto Limited.

    Bajaj Allianz Life insurance Company was incorporated on 12th


    March 2001.

    The Company received the Insurance Regulatory and


    Development Authority (IRDA) Certificate of Registration (R3)
    NO116 on 3rd August 2001 to conduct Life Insurance business in
    India.
    Type Limited
    Industry Insurance Services
    Founded 2001
    Headquarter Pune, India
    Area served Worldwide
    Key people Tarun Chugh(MD & CEO)
    Products Life Insurance

    Total assets 56,620 Cr

    Website

    www.bajajallianzlife.co.in
    Need for the study

    Any organization whether business or otherwise


    requires number of resources for its effective and
    efficient performance.

    The need for the study is to analyze the:


    Recruitment process – how the employees are
    benefitted.
    Employee satisfaction – how the employees are
    satisfied.
    Objective of the study

     To study the recruitment & selection procedures


    prevailing in the company.

    To know the employees view on the recruitment and


    selection and selection procedures of the company.

    To evaluate the effectiveness of various recruiting


    technique & sources thereby to increase the effectiveness
    of existing system by adopting appropriate recruitment
    method.
    Cont…….

    To increase the organizational efficiency in short


    term and long term by adopting appropriate
    recruitment methods.

    To understand the overall performance of the


    company.
    Purpose of the study

    The purpose of this study was to get the


    comprehensive knowledge and insight in to various
    aspects of recruitments process which is one of the
    necessary tools to evaluate people working in an
    organization.
    Research Methodology

    Methodology

    Primary Data Secondary Data

    Questionnaire Sample Data( Sample Size 20) (Population 60)


    Through internet, journals, Newspapers, Company Website, Misc. Sources.
    s i s &
    a l y i o n
    A n e t a t
    r p r
    In t e
    RECRUITMENT PROCESS
    Personnel human resource Recruiting Selecting qualified Placing new
    planning needed personnel employees on job
    personnel

    Developing source of Search for potential Evaluation Recruitment


    potential employees employees Effectiveness

    Upgrade in same position

    Personnel research
    Internal source
    Transferring to new job

    Job Positioning
    Promoting to higher
    responsibility

    Employee referrals

    External sources Evaluation for


    Advertising selection

    Scouting
    SELECTION PROCESS
    Sources of Recruitment

    Sources Job Sites Employee Internal Campus Agencies Walk- Ins

    of Referrals Transfers

    Recruit
    ment
    % 12% 15% 18% 7% 43% 5%

    Respon
    dent
    Basis of Transfer / Promotion

    Sources of Seniority Merit


    Recruitment
    % 23% 77%
    Respondent

    23%

    Seniority
    Merit

    77%
    Satisfaction with Selection process

    Level of Excellent Very Good Average Poor Very


    Satisfacti Good Poor
    on
    % 23% 19% 42% 9% 3% 4%
    Respond
    ent

    Level of Satisfaction
    Observation & Findings
     
    The data banks are not properly maintained.
    The dead resumes are never being destroyed.
    It is observed that walking is the best way of
    recruitment and selection.
    Best way of recruiting people within the
    organization and consultancies.
    Job specification was finding excellent in the
    organization.
    Proper induction is not given to all the employees.
    It reserves to only a few levels.
    Cont…..

    Salary comparison is not justifies. Old employees are


    demoralized by getting less salary then new employee.
    Manpower’s are recruited from private placement
    consultancy, who are demanding high amount of fees,
    where as HRD Department is not fully utilized to recruit
    manpower by advertisement.
    Before recruitment cost benefit analysis is not done
    properly. It causes manpower surplus which makes loss
    in the industry.
    Manpower is recruited from reliable source however
    efficiency does not recognize
    Suggestion

     
     

    1. Cost of recruitment can be reduced by the help of e-recruiting and by


    employee’s referral as this practice of recruitment is considered the least in
    the company.

    2. As company considers mostly experienced people for the job, a look on


    fresher should also be given because they can be recruited at a less salary
    offered to the experienced and they can also give good results by giving
    proper training and guidance by the seniors in the company.
     
    3. On campus recruitment should also be considered for recruitment of
    personnel from various colleges and business school.
     
     
    Conclusion

    . The study of recruitment and selection policies of Bajaj Allianz


    Insurance Company Shows a small but systematic procedure
     
     2. Overall employees are satisfied with this recruitment process as they
    don’t have to go through different test and this ease their tensions.
     
     3. It is observed that the best source of recruitment is through
    consultancies
     
     4. Employees are treated well and they are satisfied
     
     5. All the employees get the recreational facilities
     
    Bibliography

    Books :----
    Dr. Gursharn Kaur
    Research Methodology,

    New Age International Pvt. Ltd.


    2nd Revised Edition,
    Manav Saini
    Human Resource Management

    Tata McGraw Hill


    3rd Edition

    WEBSITES
     
    www.bajajallianzlife.co.in
    www.google.com
     

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