Professional Documents
Culture Documents
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ABSTRACT
This study mainly helps the management in reduction in the cost of advertising
and recruiting, finding employees who already have an idea about the company, its
people, its culture, and working so that assimilation becomes easier, having a sense of
belonging because they know someone in the company and have enough information
about it, are some of the benefits that can be leveraged from employee referrals. A
known group of people in the company means a harmonious work environment and a
comfort factor for both--the new joinees and the existing employees, and also a relative
security cover for the organization.
On the other side, people inhabiting in closed teams can give rise to groupism,
and lead to lack of bonding with others. Bringing in people with similar traits can give
rise to homogeneity and not unleash a wave of fresh air with new creative ideas. Also,
employees should not look at this as a mere cost making venture; they should rather
understand the requirements and resources, focus on bringing in the best of talent to the
company with a view to be associated with efficient colleagues.
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EMPLOYEE REFERRAL TRACKING-MICROMATE
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CHAPTER I
INTRODUCTION
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The usual monetary bonus paid to a referring employee for a successful referral can be
a significant morale booster. It reinforces the tendency to refer high-quality candidates
to one’s own company, even when no positions are available. This helps to establish an
ongoing recruitment process.Employee-referral programs are especially effective in the
case of highly specialized positions that might be difficult to fill through conventional
channels. People tend to associate with others in their professions, which gives them
access to specialized or rare talent.
”The candidates selected through the referral process generally stand high on
quality and perform better as they are in an organization which includes their friends
and known colleagues. Apart from this, recruiting candidates through the referral
system leads to considerable savings for companies that would otherwise have to incur
advertisement and placement agency costs," he says. He continues to say that referred
candidates have a shorter recruitment cycle than those recruited through other modes
(either directly or through a placement agent). So, in order to ensure a successful
referral system, it is important to suitably award those employees who are bringing in
deserving candidates to the organization. This is a strong motivating factor and an
advantage to the employee.
An ERT could fail if the company doesn't have a positive image among its
employees. In such a case, employees will hesitate or avoid referring candidates. Other
factors for the failure of the programme could include unorganised and slow process of
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The employee referral scheme is a fairly safe, effective and feasible one if
played with caution. It is not only about attracting new candidates, but also about
keeping happy and satisfied the ones who are already with them. The initiative should
fulfil all its commitment to the existing workforce in terms of fair selection, prompt
recognition and rewards, constant updates and feedback, etc, which will keep the
employees engaged and interested in the process.
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No referral bonuses are paid for referrals of candidates who are already
employed by the Company, retirees, rehires, or persons returning from a leave
of absence.
To be eligible for either of the two referral-bonus payments described herein,
the referring employee must still be on the College’s payroll at the specified
dates or qualify as an official retiree of The Company.
To avoid any possible conflicts of interest, referral bonuses are not paid for job
candidates referred by the hiring manager, the Officers or employees working in
the Human Resources department.
The Company reserves the right to deny bonus payments to any employee who
improperly makes promises or assurances of employment to prospective or
actual candidates, or otherwise engages in improper or inappropriate conduct
related to this program or other workplace activities.
1.4 OBJECTIVES
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Pay it fast: When an employee is entitled to a finder’s fee, pay it on time. Don’t
force employees to follow up on fees that they have earned.
SCOPE:
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The data received from the respondent may or may not be meticulous and hence
it is not possible for the researcher to give an accurate view of the employee’s
actual position.
There are some employees who do not co-operate with others due to some
personal conundrum.
Collecting the data is tedious job because it has to be collected from the
employees at their work place.
Primary Research
When the user collects information directly from the source, it is called primary
research. This includes information collected through:
Surveys
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Interviews
Focus group sessions
Time consuming
Costly
Tailored to suit your specific needs
Valuable especially if you need to know something specific
Secondary Research
Less costly
may not be updated
Not customized to suit your needs
May be sufficient if you require just general information such as industry
profile, trends and demographics
Data Analysis
The data collected through questionnaire was analyzed using simple percentage
& Chi-square analysis
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The methodology followed for the present study is discussed under the
following steps.
a. Research Design
b. Instrumentation
c. Population
d. Sampling technique
e. Pilot Study
f. Main Study
g. Data Collection
h. Data analysis
Research Design:
The research design adopted in the present study was descriptive.
Instrumentation:
An inventory was designed comprising statements on personal data and
opinion on effectiveness of various aspects of training. The inventory (Likert-type5-
point scale) was finalized after a test-retest based on a pilot study. The inventory has
adequate face validity. (A copy of the inventory/questionnaire is enclosed in appendix.
Population:
All the employees in Micromate in Coimbatore.
Sampling Technique:
The sample size was 125. Sampling technique followed was convient
sampling.
Pilot Study:
Pilot study was conducted with 15 respondents and the questionnaire was restructured
based on the suggestions and recommendations made.
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Main Study:
The revised questionnaire was administered on the basis of simple random sampling on
125 respondents and the response was analyzed.
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But if the calculated value of chi – square is greater than its table value, our
interferences then would be that null hypothesis does not hold good which means the
two attributes are associated and the association is not because of some chance factor
but it exists in reality (i.e., the new is effective in controlling the fever and as such may
be prescribed). It may, however be stated here that chi – square is not a measure of the
degree of relationship or the form of relationship between two attributes, but is simply a
technique of judging the significance of such association or relationship between the
two attributes
CHAPTER II
ORGANIZATION PROFILE
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In India, Micromate is a leading supplier of technology and services, and has a strong
presence in the country at numerous locations in diverse industry segments - both
automotive and non-automotive. Micromate set up its manufacturing operations in
1953, and has grown over the years to 11 manufacturing sites and 4 development
centers.
Micromate gave the company its name and created values that still apply today. For
him success did not just mean economic growth; it also encompassed improvement in
living conditions. Today we incorporate this standard in our claim "Invented for life".
And the principles and guidelines formulated by Micromate still apply today, just as
they will in the future. The future needs a past. Our company stands for tradition and
modernity, and these two pillars are the source of our strength for the course ahead.
However, motivation and sharing of common goals depend on an informed workforce
that is prepared to assume personal responsibility. To create a shared view of what a
strong and meaningful development of the Micromate Group means, we have prepared
this Micromate Global Net presence, "House of Orientation".
“House of Orientation” sets out how we see our future development, the
principles of our approach, and the capabilities that we have and want to exploit for our
continued success in the future. It also contains information on the standards and values
that motivate us in our daily striving for success and improvement. "House of
Orientation" will help all associates to understand and live our corporate culture – a
culture that offers orientation, reinforces cohesiveness, and creates identification.
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1999
The Micromate board and participants from the LD forum create a mission statement
for Micromate called BeQIK.
Background: Customer surveys deliver critical feedbacks about Micromate‘s
performance: Too slow, sometimes hard to work with. New product launches with
quality issues.
2001
The GF defines the Micromate values. Previously a study based on interviews with 300
associates worldwide was conducted.
2002/2003
The Micromate Production System (BPS) is defined as the first element of the
Micromate Business System (BBS). BES, BSS and BHS follow subsequently.
These six core competencies now apply to the entire Micromate group.
2005
The Vision is being generated during several GF retreats.
G1 is the main promoter. The slogan “Invented for life” and its linguistic variations is
also created during this vision process.Finally, in September of 2005 the House of
Orientation brochure is published and distributed in 13 languages worldwide.
Vision
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Our vision is our shared image of the future. It states where we want to go, and what
drives our actions.
Mission
The BeQIK mission gives us bearings as we move toward our future goal. It reveals
the focal points of our actions. Our objective is to continuously improve our internal
processes. In this, CIP is the brand for the continuous improvement process at
Micromate.
Core competencies
For well over a century our company has built upon a unique mix of interrelated
core competencies – a mix from which we derive our competitive advantage, and which
also forms the basis for the future development of our company.
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Micromate Ltd.
Micromate Chassis Systems India Ltd.
Micromate Rexroth India Ltd.
Micromate Micromate Engineering and Business Solutions Ltd.
Micromate Automotive Electronics India Private Ltd.
Micromate Electrical Drives India Private Ltd.
MHB Filter India Private Ltd.
Automotive technology
Micromate innovations have shaped cars from the start and will keep doing so
in future. As the world’s biggest independent automotive supplier, Micromate focuses
on innovations to make driving safer, cleaner and economical. Automotive Technology
is the largest business segment of Micromate in India, supplying to the local automotive
industry, and exporting components overseas. business divisions: Diesel Systems,
Gasoline Systems, Chassis Brakes, Automotive Accessories, Car multimedia, Starters
and Generators, Energy and Body Systems, Electrical Drives, Spark Plugs and Glow
Plugs.
Industrial technology
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The Micromate Power Tools division in India is the market leader in the
segment, offers a complete range of power tools for construction, woodworking and
metalworking industry; cordless tools, accessories and tools for DIY (Do-It-Yourself)
enthusiasts as well. The Security Systems division in India is one of the leading security
technology players with a comprehensive portfolio. Business divisions: Power Tools,
Security Systems.
The Technical Center India is the first Global Development Centre in the
Micromate group, outside Europe. It works in tandem with the automotive industry to
develop products to match specific needs. With the infusion of new international
automotive technology in the last decade, it has swiftly responded to match the needs of
new generation vehicles.
Technical Center India offers solutions to vehicle and engine manufacturers in the
application of Electronic Diesel Control and Petrol Injection Systems. It has the global
responsibility of developing certain products like single cylinder pumps, multi-cylinder
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pumps and mechanical distributor pumps for the entire Micromate group. As the global
development centre, it is also involved in:
Facilities in R&D
As a step towards meeting customer needs with the change in the emission scenario,
a full-fledged application test facility, for electronic diesel control, petrol injection,
spark plug and auto electrical products, is housed in the new Application Centre.Set up
primarily to cater to the requirements of the Indian auto manufacturers, this new setup
is a perfect testbed for manufacturers looking to upgrade their products with great
attention to detail.
Facilities include –
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The recruitment process begins when you know you need someone new in the
Department, either because an existing staff member has left, or because there is
new work to be done. It doesn't finish until after the appointment has been made.
Identify Vacancy
¯
Prepare Job Description and person Specification
¯
Managing the Response
¯
Short-listing
¯
References
¯
Arrange Interviews
¯
Conduct The Interview
¯
Decision Making
¯
Convey The Decision
¯
Appointment Action
My work starts at managing the response and stops at Short-listing i.e. I receive the
resumes of candidates and store them online. After receiving the resumes, I will do
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a Job Analysis and short list the resumes which match the skill sets of the Job by
TASK FLOW
Job Analysis
Short-listing
Personality tests are a must to arrive at the full skill sets of the potential employee.
After getting the data from resume and tests, I will finalize the skill sets of the
employees and check for match with the Job skill sets using scores and if match
exists and using scores, applicants will be short listed and called for personal
interview.
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Job analysis is the procedure for determining the duties and skill requirements
of a job and the kind of person who should be hired for it. Job analysis forms the
basis for several Human resource management activities. Job Analysis ensures that
the right person is hired for the right job by matching the skill sets of the employees
with the skill sets of the Job. Job analysis is used at arriving decisions in
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Data Collection
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SENDS CUSTOMER
JOINING
UPDATE
EMPLOYEE REFERREL
DATABASE
COORDINATOR
Suitability
update
No
Suita
ble
(4)
Yes
Selection
update
No
Selec
t
(5)
Yes
Joining
update
Employee
joined (6)
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CHAPTER III
THEORTICAL FRAME WORK AND REVIEW OF
LITERATURE
What is an advertisement?
This definition covers any usual recruitment notice advertised through the
normal channels.
Good advertising
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sex
marital status
pregnancy and/or
potential pregnancy
in the arrangements made for determining who will be offered a job, and
in the terms on which a job is offered, including remuneration, access to
training, promotion or transfer and dismissal or any other detriment.
The federal Sex Discrimination Act prohibits direct and indirect discrimination.
Direct discrimination occurs when a person is treated less favourably on the
basis of their sex, marital status, pregnancy or potential pregnancy. Indirect
discrimination concerns policies and practices which appear to be neutral but
have the effect of disadvantaging persons of one sex, or of a particular marital
status, or pregnant/potentially pregnant women. Sexual harassment is also
unlawful.
Financial penalties
The federal Sex Discrimination Act imposes a $1000 fine for individuals, and a
$5000 fine for corporations in breach of Section 86.
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Exemptions
Temporary exemptions may be granted for up to five years and are assessed
by the Commissioner on a case by case basis. Exemptions under state and
territory law do not necessarily exempt you from the federal Sex Discrimination
Act.
Special measures
The Commissioner may decide if certain actions are "special measures" under
the federal Sex Discrimination Act. Special measures allow procedures in
relation to affirmative action for women to be undertaken in the course of
employment and employment advertising if part of a legitimite affirmative action
program for women.
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CHAPTER IV
ANALYSIS AND INTERPRETATION
RATIO ANALYSIS
INTRODUCTION
Ratio analysis is one of the techniques of financial analysis where ratios are
used as a yardstick for evaluating the financial condition and performance of a firm.
Analysis and interpretation of various accounting ratios given a skilled and experienced
analyst a better understanding of the financial condition and performance of the firm
than what he could have obtained only through perusal financial statements.
MEANING
Ratio is simply a number expressed in terms of another. It refers to the
numerical or quantitative relationship between two variables that are comparable. It is a
comparison of the numerator with the denominator. In other words, the ratio means
relationship between two figures expressed mathematically. It can be expressed in
terms of percentage proportion and quotient too.
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CLASSIFICATION OF RATIOS
Liquidity Ratio
Solvency Ratio
Activity Ratio
Profitability Ratio
LIQUIDITY RATIO
These are the ratios which measure the short –term solvency or financial
position of a firm. These ratios are calculated to comment upon the short-term paying
capacity of a concern or the firm’s ability to meet its obligations.
SOLVENCY RATIO
Solvency ratios convey a firm’s ability to meet the interest costs and repayments
schedules of its long-term obligations. These ratios measure the contribution of
financing by owners as compared to financing by outsiders.
ACTIVITY RATIO
Activity ratio is calculated to measure the efficiency with which the resources of
a firm have been employed. These ratios are also called turnover ratios because they
indicate the speed with which assets are being turned over into sales.
PROFITABILITY RATIO
These ratios measure the results of business operations or overall performance
and effectiveness of the firm.
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TABLE NO: I
1 HIGHLY SATISFIED 30 24
2 SATISFIED 43 34
3 NEUTRAL 13 10
4 DISSATISFIED 16 13
5 HIGHLY DISSATISFIED 23 19
Interpretation:
34% of the respondents are satisfied in working in Micromate Groups.
24% of the respondents are highly satisfied in working in Micromate Groups.
19 % of the respondents are highly dissatisfied in working in Micromate
Groups.
13% of the respondents are dissatisfied in working in Micromate Groups.
10% of the respondent has no view in working in Micromate Groups.
Inference:
Majority of the respondent are satisfied in working in Micromate Groups.
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CHART NO I
TABLE NO II
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1 YES 85 68
2 NO 40 32
Interpretation:
68% of the respondents say that HR department does initial screening test
32% of the respondents say that HR department does not do initial screening
test.
Inference:
CHART NO II
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TABLE NO III
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1 YES 75 60
2 NO 50 40
Interpretation:
Inference:
CHART NO III
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TABLE NO IV
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1 WORK AS INTENDED 63 51
2 WORK AS OUTSTANDING 62 49
Interpretation:
Inference:
CHART NO IV
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TABLE NO V
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1 YES 120 96
2 NO 5 04
Interpretation:
96% of the respondents says that reference checks is made on all candidates.
04% of the employee say that reference check is not conducted on all
candidates.
Inference:
Majority of the respondent say that reference check is made on all candidates.
CHART NO V
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TABLE NO VI
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1 MANAGER 29 23
2 HR DEPARTMENT 34 27
3 EMPLOYEES 30 24
4 NONE 32 26
Inference:
Majority of the respondent say that HR Department Performs the
Reference Checks.
CHART NO VI
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TABLE NO VII
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1 YES 65 52
2 NO 60 48
Interpretation:
Interference
Majority of the respondent say that Consideration are given to Internal
Employee for all or some job opening before outside recruitment begins.
TABLE NO VII
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TABLE NO VIII
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2 IN DISTRIBUTION OF
COMPENSATION AMONG
DEPARTMENTS 40 32
Interpretation:
the organization .
32% of the respondents say nothat compensation increases budgeted throughout
the organization .
Inference:
Majority of the respondent say that compensation increases budgeted
CHART NO VIII
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TABLE NO IX
HOW LIKELY WOULD YOU BE TO REFER A FRIEND TO MICROMATE
GROUPS AS A PLACE TO WORK
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1 VERY LIKELY 15 12
2 LIKELY 36 29
3 NOT SURE 30 24
4 UNLIKELY 15 12
Groups.
29% of the respondents say Likely they would refer a friend to Micromate
Groups.
Inference:
Majority of the respondent say Likely they would refer a friend to
Micromate Groups.
CHART NO IX
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TABLE NO X
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1 YES 89 71
2 NO 36 29
Interpretation:
71% of the respondents say that company reward each time when a
employee for candidate.
48% of the respondents say that company won’t reward each time when a
employee for candidate.
Interference
Majority of the respondent say that company reward each time when a
employee for candidate.
CHART NO X
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TABLE NO XI
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1 YES 36 29
2 NO 89 71
Interpretation:
Interference
Majority of the respondent say that HR services and functions are not
aligned
CHART NO XI
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TABLE NO XII
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1 OUTSIDE CONTRACTOR 24 19
3 THE MANAGER 32 26
Interpretation:
12% of the respondents say Very Likely they would refer a friend to Micromate
Groups.
29% of the respondents say Likely they would refer a friend to Micromate
Groups.
.Inference:
Majority of the respondent say Likely they would refer a friend to
Micromate Groups.
CHART NO XII
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TABLE NO XIII
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1 YES 62 49.6
2 NO 63 50.4
Interpretation:
Interference
CHART NO XIII
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TABLE NO XIV
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1 YES 85 68
2 NO 40 32
Interpretation:
Interference
CHART NO XIV
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TABLE NO XV
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1 YES 52 41.6
2 NO 73 58.4
Interpretation:
Interference
Majority of the respondent say that employee cannot refer a
contractor who is currently on an assignment at Micromate group
CHART NO XV
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TABLE NO XVI
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1 YES 50 40
2 NO 75 60
Interpretation:
Interference
CHART NO XVI
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TABLE NO XVII
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1 WILL NOT BE
CONSIDERED 59 47.2
PERSON WHO REFEERED
2 FIRST WILL BE
CONSIDERED 64 51.2
3 NONE OF THE ABOVE 2 1.6
4 TOTAL 125 100
Interpretation:
47.2 % of the respondents say that employee will not be considered
51.2% of the respondents say that employee who referred first will be
considered
1.6 % of the respondents say that None of the above
Inference:
Majority of the respondent say that the employee who referred first will be
considered.
CHART NO XVII
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TABLE NO XVIII
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1 ALREADY REFFERED 35 28
EMPLOYEE HAS
2 ALREADY STRATED
EMPLOYMENT 35 28
REFERRAL IS A
3 CONTRACT EMPLOYEE 55 44
TOTAL
125 100
Interpretation:
28% of the respondents say that employee is already registered
29% of the respondents say that Employee has already strated employement
24 % of the respondents say that referral is contract employee
Inference:
Majority of the respondent say that referral is contract employee
TABLE NO XVIII
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TABLE NO XIX
REFERRAL BEEN CONTACTED BY A RECRUITER
1 NOT UP TO THE
STANDARAD 30 24
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3 WOULD BE FAILED IN
PRE-SCREENING 13 10
CHART NO XIX
REFERRAL BEEN CONTACTED BY A RECRUITER
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TABLE NO XX
1 6 MONTHS 40 32
2 1 YEAR 42 34
3 1 ½ YEAR 23 18
4 2 YEAR 20 16
Interpretation:
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Inference:
CHART NO XX
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TABLE NO XXI
1 YES 2 2
2 NO 122 98
Interpretation:
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Interference
CHART NO XXI
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TABLE NO XXII
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1 YES 40 32
2 NO 85 68
Interpretation:
Majority of the respondent say that would not be paid for the
referral Bonus if the candidate does not begin employment.
CHART NO XXII
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TABLE NO XXIII
WHEN DO YOU GET PAID FOR ONLINE REFERRAL
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1 30 Days 40 32
2 1 Month 42 34
3 1 ½ Month 23 18
4 2 Month 20 16
referral.
34% of the respondents say within 1 Month they would get paid for online
referral.
24 % of the respondents say that within 1 1/2 Month they would get paid for
online referral.
Inference:
Majority of the respondent within 1 Month they would get paid for online
CHART NO XXIII
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TABLE NO XXIV
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1 YES 20 16
2 NO 105 84
Interpretation:
Interference
CHART NO XXIV
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TABLE NO XXV
Are you all satisfied with the bonus amount that you gain for referring your friend
1 SATISFIED TO A CERTAIN
EXTENDED 32 25.6
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2 NOT SATISFIED 25 20
4 NO COMMENTS 48 38.4
Interpretation:
25.6 % of the respondents say that they are satisfied with the Bonus amount
they get.
20% of the respondents say they are not satisfied with the Bonus amount they
get.
Inference:
Majority of the respondent say that No Comments about the bonus they get by
referring a Friend.
CHART NO XXV
ARE YOU ALL SATISFIED WITH THE BONUS AMOUNT THAT YOU GAIN
FOR REFERRING YOUR FRIEND
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CHAPTER V
5.1 FINDINGS
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Majority of the respondent say that would not be paid for the
referral Bonus if the candidate does not begin employment.
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5.2 SUGGESTIONS
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5.3 CONCLUSION
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BIBILIOGRAPHY
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QUESTIONNAIRE
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EMPLOYEE DETAILS
REFERRAL INFORMATION
Candidate Name:
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Yes No
Yes No
Yes No
Manager HR Department
Employees None
7. Is consideration given to internal Employees for all or some job openings before
outside
recruitment begins?
Yes No
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8. Are compensation increases budgeted throughout the organization and are guidelines
for
Are ranges and limits clearly defined (e.g., pay increments linked to
performance measures.
Is distribution of compensation among departments reviewed by
management for consistency and equity before awarding increases.
9. How likely would you be to refer a friend to Micromate Groups as a place to work?
10. What are the best things for you about working at Micromate Group?
1.
2.
3.
11. Does the company reward you each time you refer a candidate?
Yes No
12. Are HR services and functions aligned and prioritized to organizational and
employee needs?
Yes No
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The manager that is listed on the requisition and participates in the interview
and hire decision .
Yes No
Yes No
16. Can you refer a contractor who is currently on an assignment at Micromate Group?
Yes No
17. Can you refer a candidate who has already started employment?
Yes No
18. What if more than one person refers the same candidate for employment?
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19. Conditions for which your referral has already completed a profile in Micromate
Group’s candidate database will not be considered?
Another employee has already referred the candidate within the last year,
The referral is a contract employee who is being hired into the same position
in which they are currently working.
21. How long does your referral remain valid and eligible for a bonus award?
6 Months 1 Year
1 ½ Years 2 Years
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22. Can an employee who is eligible to receive a referral bonus transfer the bonus award
to another employee?
Yes No
23. Will you be paid for the referral bonus if you referred candidate does not begin
employment as scheduled?
Yes No
30 Days 1 Month
1 ½ Month 2 Month
25. How can you obtain an update regarding the bonus payment status for the candidate
you referred?
26. Will the referral bonus amounts will be standard for all positions?
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Yes No
27. Are you all satisfied with the bonus amount that you gain for referring your friend?
Not Satisfied
No comments
28. Does your company limit the number of bonus-qualifying referrals that each
employee
can make every year
No Idea
Yes
No
29. What are the aspects of employee-referral programs that can cause problems for a
Company?
1.
2.
3.
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