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
[Link]
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
[Link]
[Link]
