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The cost of the recruitment is significant. So, proper planning and formulate those
plan is the task that require more focus and improvement. Equal opportunity and
sourcing is also a vital part. Realizing this need we tried to find the difference and
similarities between theoretical aspects with the practical steps taken by the
company. We took an attempt to demonstrate the feature for the further
improvement.
Specific objective: The following aspects can be listed as the specific objectives to
achieve the broad objective:
b. To evaluate of the recruitment and selection process of Janata Bank limited and
to recommend necessary measures to get the process more effective.
Population: The target population was the employees who work in Janata Bank
Limited Paltan Branch. The population size was 40.
Sample Size: The sample size was 15respondents which includes both executive
and operative employees, here shown in following table:
Type of employees
Category Number pf respondents
Executive employees 2
Operative employees 13
Total 15
Sampling Method: The Non-Probability Purposive Sampling method was used for
collection the information and to identify the respondents.
Questionnaires Design: Questionnaire was prepared with both open ended and
closed questions. The average time of question is 15/20 minutes. A set of
questionnaires involving both open ended (for executive) and close ended (for
operative employee) are used to perform the study.
a. Primary Data
b. Secondary Data
Sources of data:
Primary Sources:
Secondary Sources:
Data Analysis:
Both the qualitative and quantitative analysis (Questionnaire analysis) has been
followed in this research. Quantitative question was scaled with well-known Linker
method. To analyze the gathered data different types of computer software used such
as Microsoft word, Microsoft Excel and Microsoft PowerPoint.
Only Paltan Branch of the bank has been considered for the study.
The sample size does not represent the total population. Samples were selected
conveniently.
For the convenient of the study, non-probability samples have been used.
In many cases, up-to-date information is not published. All weights given are
judgmental.
The emergence of JBL in the public sector is an important event in the Banking area
of Bangladesh. When the nation was in the grip of service recession, Govt. took the
farsighted decision to allow in the public sector to revive the economy of the country.
Several dynamic entrepreneurs came forward for establishing a bank with a motto
to revitalize the economy of the country.
2.2 Janata Bank Limited
Janata Bank Ltd. was born as the first hundred percent Bangladeshi owned Bank in
the public sector. From the very inception it is the firm determination of Janata Bank
Ltd. to play a vital role in the national economy. We are determined to bring back
the long-forgotten taste of banking services and flavors. We want to serve each one
promptly and with a sense of dedication and dignity. The president of the peoples
Republic of Bangladesh Justice Ahsan Uddin Chowdhury inaugurated the bank
formally on March 28, 1983 but the first branch at 48, Dilkusha Commercial Area,
Dhaka started function on March 23, 1983.The second branch was opened on 11th
May 1983 at Khatungonj, Chittagong. Today we have total 76 Branches all over
Bangladesh.
Considering the need for remittance by the expatriates Bangladeshis residing abroad
the Bank during the year established drawing arrangement with the Pacific Bank
Berhad, Malaysia (now May Bank), Security Exchange Company Limited, State of
Kuwait and Dalil Exchange, State of Bahrain. Our Bank invested 25% equity in Gulf
Overseas Exchange Company LLC, a joint venture Exchange Company in Oman,
operating since November 1985 under the management of our Bank. The Bank
received Riyal Omani 12, 450 equivalents to TK. 1.74 million as dividend for the
year 2000. A representative Office was established in Yangon, Myanmar in October
1996 by our Bank and obtained permission from the Government of Bangladesh to
handle border trade with Myanmar. Opportunities are being explored for further
business avenues there. Now JBL is on line to establish trade and communication
with the Prime Inter Janata Bank Ltd. companies oh the world. As a result, JBL will
be able to build a strong root in inter Janata Bank Ltd.ing horizon. Bank has been
drawing arrangement with well conversant money transfer service agency Western
Union. It has a full time arrangement for speedy transfer of money all over the
world. Banking is not only a profit-oriented commercial institution but it has a public
base and social commitment. Admitting this true JBL is going on with its diversified
banking activities. JBL introduced Monthly Savings Scheme, Special Deposit
Scheme, Consumers Credit Scheme and Savings Insurance Scheme etc. to combine
the people of lower and middle-income group.
Chairman
2.6 PRODUCT & SERVICES OF JANATA BANK
LTD. LTD Products & Services
Product and services is the main assets of any organization. The following product
and services are available of Janata Bank Ltd.
Credit Card
Janata Bank Ltd. Consumer Credit Scheme gives clients a great opportunity to buy
household and office items on easy installments. This scheme gives clients the
advantage of part payment to cope with the high price tags of many necessary home
and office appliances.
For most of the people on fixed income the opportunity to supplement their monthly
earning is a golden one. And JBL Special Deposit Scheme gives a customer just that.
Under this scheme, customers can deposit money for a term of 5 years. The deposited
money is fully refundable at the expiry of the term. At the same time, during the
term period they can enjoy a monthly profit corresponding to their deposited amount.
As for instance, under this scheme a deposit of Tk, 55,000/- gives a monthly income
of Tk.500/-.
This scheme is specially designed for the benefit of the limited income group
members. This helps to accumulate small monthly savings into a significant sum at
the end of the term. So, after the expiry of the term period the depositor will have a
substantial amount to appreciate on.
A monthly deposit of Tk.500/- or Tk.1000/- for 5 or 8 years period earns in the end.
Tk37, 896 /- or Tk.75, 791/- respectively
Credit card is the newest concept in our country. In our country Credit card was first
introduced by the Janata Bank Ltd. ltd. Master card and VISA card are name of
popular credit card band. Credit card is safe, instant and universal money. Janata
Bank Ltd.
Local master and visa card are two types, such as gold card and silver card.
It has also two types, such as gold card and silver card.
TIN number
ATM means automated teller machine. JBL ATM card give opportunity to their
customer that they can withdraw their money at any time, any days even holidays.
By using ATM subscriber can give various utility bill such as telephone, gas,
electricity bills etc. actually ATM card is a debit card. Janata Bank Ltd. has
introduced ATM service to its Customers. The card will enable to save their valued
customers from any kind of predicament in emergency and time-consuming
formalities. JBL ATM Card will give their distinguished Clients the opportunity to
withdraw cash at any time, even in holidays, 24 hours a day, and 7 days a week.
Charges for ATM card
ATM cardholders have to pay 1000 taka annually and in the case of card lost
subscriber also pay additional 300 taka.
Theoretical Aspects
3.1 Human Resource Management:
The process of hiring and developing employees so that they become more valuable
to the organization. Human Resource Management includes conducting job
analyses, planning personnel needs, recruiting the right people for the job, orienting
and training, managing wages and salaries, providing benefits and incentives,
evaluating performance, resolving disputes, and communicating with all employees
at all levels. Examples of core qualities of HR management are extensive knowledge
of the industry, leadership, and effective negotiation skills.
Acquisition
Training & development.
Motivation.
Maintenance.
Selection: is a process of hiring suitable people for job. Right person for right
job is the main goal of selection.
c. Treat all employees with justice gender colon race and religion.
a. Objective:
HRM helps a company to achieve its objective from time to time by creating a
positive attitude among workers. Reducing wastage and making maximum use of
resources etc.
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Due to proper HR policies employees are trained well and this makes them ready
for future promotions. Their talent can be utilized not only in the company in
which they are currently working but also in other companies which the
employees may join in the future.
Since employees are constantly trained, they are ready to meet the job
requirements. The company is also able to identify potential employees who can
be promoted in the future for the top level jobs. Thus one of the advantages of
HRM is preparing people for the future.
If proper recruitment and selection methods are followed, the company will be
able to select the right people for the right job. When this happens the number of
people leaving the job will reduce as the will be satisfied with their job leading to
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decrease in labor turnover.
g. Improves the economy:
Organizational Objectives:
Functional Objectives:
HRM performs so many functions for other departments. However, it must see that
the facilitation should not cost more than the benefit rendered.
Personal Objectives:
This would be possible only when the HRM helps employees to achieve their 5
personal goals to get their commitment. Creating work-life balance for the
employees is a personal objective.
Societal Objectives:
HRM must see that the legal, ethical, and social environmental issues are properly
attended to. Equal opportunity and equal pay for equal work are the legal issues not
to be violated. To take care of farmers (whose land has been acquired for the factory)
and tribals (who are displaced by industries and mining companies) are the ethical
issues.
3.6 Definition of Recruitment:
From the above definition we can say that, Recruitment is the process of finding and
attraction capable applicants for employment. The process begins when new recruit
are sought and ends when their application are submitted. The result is a pool of
applicants which new employees are selected. The quality of an organizations
human resources depends on the quality of its recruit.
3.7 Sources of Recruiting :
Recruiting is more likely to achieve its objectives if recruiting sources reflect the
type of the position to be filled. Certain recruiting sources are more effective than
others for filling certain types of jobs. Every organization has the option of choosing
the candidates for its recruitment processes from two kinds of sources.
Those are
Internal Sources.
External Sources.
1. Internal Source: The sources within the organization itself (like transfer of
employees from one department to other, promotions) to fill a position are
known as the internal sources of recruitment. In 3 three ways internal
candidates are recruited:
Job Posting:
Posting notice of job openings on company bulletins boards is an effective
internal recruiting method. It informs employees about openings & required
qualifications & invites qualified employees to apply. The notices usually
posted on company bulletin boards or electronic bulletin boards or are placed
in the company newspaper. Qualifications & other facts are drawn from the
job analysis information.
Skill Inventories:
Making use of HRIS can find the best suited candidate and this must be secure
and confidential source of internal candidate. This source gives adequate but
relevant employee information.
Nominations:
Recommendation from potential supervisor, employees who are interested in
the posted opening report to the HR Department & apply.
2. External Sources:
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Recruitment candidates from all the other sources (like outsourcing agencies etc.)
are known as the external sources of recruitment. In addition to looking internally
for candidates, it is customary for organizations to open up recruiting efforts to the
external community. These efforts are discussed below:
Advertisement:
When an organization wishes to communicate to the public that it has a
vacancy advertisement in one of the popular method used. Want ad describes
the job, the benefits and tells those who are interested how to apply. It is the
most popular method.
Employee Referrals/Recommendation:
An employee will recommend if he believe the individual can perform
adequately. Employee referrals also may have acquired more accurate
information about their potential jobs. The recommender often gives the
applicant more realistic information about the job than could be conveyed
through employment agencies or newspaper advertisement.
Employment Agencies:
There are certain professional organizations which look towards recruitment
and employment of people; they supply required manpower to needy
concerns.
Unsolicited Application:
Many job seekers visit the office of well-known companies on their own.
Moreover without encouragement from other sources applicants go directly
to the organization. In addition courteous treatment of any applicant is a good
business practice.
Temp Agencies:
These types of different organization can be a source of employees when
individuals are needed on a temporary basis. Temporary employees are
particularly valuable in meeting short-term fluctuations in HRM needs. It does
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not provide recruits. They are a source of supplemental workers. The
temporary workers actually work for the agency. During vacation and peak
season-these agencies can be a better alternative.
There can be various internal and external factors which affect the recruitment
Internal factors: The factors which are under the control of an organization are
called external factors.
Those could be:
I. Recruitment Policy of the organization.
II. Human Resource Planning.
III. Expansion plan.
IV. Cost of recruitment.
External factors: The factors which are not under the control of an organization are
called external factors.
Those could be:
I. Image of the organization
II. Political-Social- Legal Environment
III. Labor Market
1. Job analysis.
Decide what job is needed &what the colleague will have to do
2. Job description. 9
Describes the tasks the colleague will undertake
3. Job specification.
Describes the characteristics &skill required for the role
The Selection is the process of choosing the most suitable candidate for the vacant
position in the organization. In other words, selection means weeding out
unsuitable applicants and selecting those individuals with prerequisite
qualifications and capabilities to fill the jobs in the organization.
Heinz Weihrich and Harold Koontz have defined, Selection is the process of
choosing form the candidates, from within the organization or from outside, the
most suitable person for the current position or for the future positions
Decenzo & Robbins: Selection activities follow a standard pattern, beginning with 10
1. Short listing.
A list of preferable candidates that have been selected for final consideration.
When short listing are complete , in case of walk-in-interview including CV, photo,
certificates photocopy, original academic certificate etc, are verified & then send the
candidtes to the interview board.
3. Making a decision and offer.
When holding selection event are complete, organization make a decision to
employees , if they make a decision then they offer a job to the candidate.
4. Taking up references.
When you are considering offering a stranger a jonb as your personal assistant,it is
important to find as much relevant information about him or her as possible.
Selection begins where recruitment ends- with applicant pool. Selection goes
Cognitive abilities
Motor and physical abilities
Personality and interest
Job Knowledge
3. Candidacy: The basic component of this stage is the employment interview or
series of employment interviews, which focus on an in depth evaluation of the
applicants qualification. In some organization, individuals successfully sent to an
assessment center where they may complete batteries of tests and engage in various
simulations to further assess their capabilities. Applicants completing this stage are
potential employees.
5. Final Selection: This is decision making stage. The information furnished by the
applicant and gathered by the organization is evaluated. If the information is
favorable, a job offer is made; if the information is unfavorable, no job offer is
extended. The tentative job offer is subject to a physical examination and a
background investigation. If the candidate successfully completes these two final
hurdles, a final job offer is made.
Chapter Four
of
4.1Introduction
Every organization follows their own recruitment and selection process to get their
desire employees for achieving their ultimate goal. Through this intern program I
went through various aspects about recruitment and selection process of Janata Bank
Limited. During this internship program the major aspects of recruitment and
selection process of Janata Bank Limited that come to my notice are stared here.
To know the future demand of human resources, the HR division of Janata Bank
Limited usually provides all the other divisions and branches with a general
form at the beginning of the year. From the information collected from these
forms, the HR division gets an estimate of the human resource requirement for the
year. No long term human resource forecasting is done in JBL.
The recruitment goals of Janata Bank Limited are to attract and retain highly
qualified human resources who will perform best in their respective areas. The bank
not only tries to attract well qualified candidates but also tries to identify and recruit
people who are really interested to working the bank for an acceptable period of
time.
4.2Types of Recruitment
Janata Bank Limited practices two types of recruitment
Different universities
Unsolicited applicants
Campus recruiting will be handled by the HR Division and the overall planning for
this will be done based on the Annual Manpower Plan. However, the respective
business department/function requiring the profiles should have the responsibility
and mandate to short-list the campus-based candidates. The skill base generally
recruited through this route will be entry level positions. Therefore, the plan for
campus recruitment will have to tie up with the placement season of various
universities that are targeted for recruitment. The HR Division needs to identify a
set of campuses based on the courses conducted there, any past experience of
candidates from these campuses and the emerging requirements of the bank.
The HR Division will need to take a decision regarding the source of external
recruiting considering variables like
Cost impact
Time needed
Employee referrals
Internships
Recruitment Process:
The Recruitment Process of Janata Bank Limited follows a
Image:
A. Identify vacancy:
Posts to be filled
Number of persons
Duties to be performed
Qualifications required
Janata Bank Limited mainly advertising their vacancy through the Newspaper.
Traditionally, advertising is seen a person specification, Advertising helps the HR
professionals of the organization to concentrate on the strategic function and
processes of human resource management routing work.
C. Short-listing:
Resume writhing: Applicant tracking systems work best with text and resume
should be designed accordingly.
Resume Front: There are a few reasons important to keep resume simple.
Resume File Format: The file format may vary based on the bank applicant
system.
D. Arrange Interviews:
Janata Bank Limited arranges interviews and ask questions about the applicant`s
experience and skills work history, availability, and the qualifications the bank is
seeking in the optimal candidate for the job. Interview can be a more in-depth one-
on-one interview with the persons. It can be day-long interview that including
meetings with bank staff.
E. Decision Making:
Cognitive processing has a primary role in decision making. The regulation and
knowledge of cognition, affects decision making in a consistent and predictable way.
Data collection involved four strategies on managerial decisions have received little
attention.
Receipt of Applications:
This is the first selection hurdle to join JBL. Candidates either send their CVs in
application for a specific vacancy, or they send unsolicited CVs for any suitable
position. The HR division collects job applications against each job vacancy. In case
of newspaper advertisements, the applicants are given at least 3 weeks to apply. After
a specific period, each and every job is closed for applying.
Informing Candidates:
After the applications are sorted out and a preliminary list is prepared, the candidates
are informed and are called for a written exam (for entry level positions) or an
interview (for experienced banker for mid-level or senior level positions). For
written tests, the bank issues admit cards through courier services seven to ten days
prior to the exam.
Written Tests:
The employment test is generally an aptitude test which measures the candidates
verbal ability, numerical ability, reasoning ability etc. The HR division contacts
IBA/BIBM to design and conduct the recruitment tests on behalf of the bank.
The HR division provides them with the desired academic qualification and the name
of the vacant posts to construct the question paper for the test.
Interview:
The interviews that are conducted are panel interviews and not structured. The
interview board consists of the MD. DMDs and the Head of HR. Even in the
selection of fresh graduates for TA or MT positions, those top level and executive
level managers are present. Usually only one interview is conducted for selecting a
candidate for a position. But in case of recruiting experienced bankers, sometimes
more than one interview is conducted.
After the interview is conducted and the interviewees are evaluated, the management
committee decides who is to be selected and who is to be rejected. After this final
decision, an Offer Letter is made for each selected candidate. Once the candidates
accept this offer, they are given the Appointment Letter. The candidates that are
rejected are not informed.
Physical Examination
After the appointment letters are printed, the candidates are given one month for
joining. First, the candidates have to go through physical examinations. If the result
of these physical examinations is satisfactory, then the candidate is eligible to join
the bank.
After the physical examination, the candidate needs to bring the result of the medical
tests along with all the necessary documents and academic certificates for joining.
After going through the formal joining and placement process, the candidates
are finally employees of Janata Bank Limited.
1.2 Recommendations