PROJECT PRESENTATION ON

TECHNOLOGY AS A LEVERAGE IN
RECRUITMENT – AN OVERVIEW

EDELWEISS FINANCIAL SERVICES LTD

REENA REVAR
HPGD/JL14/2249
SPECIALIZATION: HUMAN RESOURCE

PRIN. L N. WELINGKAR INSTITUTE OF MANAGEMENT & DEVELOPMENT RESEARCH

YEAR OF SUBMISSION: JUNE, 2016
Company Profile

Edelweiss was founded in November 1995 with an aspiration to become

India’s first and largest diversified financial services conglomerate.
Edelweiss have grown by consciously and strategically focusing on
synergistic diversification in adjacent spaces. Today, Edelweiss is a ₹ 3,000
crores group and is present in all the significant areas of financial services
- Credit Including Housing & Retail Finance, Financial Markets,
Commodities, Asset Management and Life Insurance, catering to
individuals, institutions and corporates.
 Edelweiss Five Business Pillars

1. Credit

2. Commodities
Edelweiss
Five
3. Financial Markets Business
Pillars
4. Asset Management

5. Life Insurance
Edelweiss Guiding Principles
 Human Resource Structure in Edelweiss

HR Head

Secretary

Group Talent Learning & Group Talent Cluster

Enterprise HR
Acquistion Development Management Businesses
What is Recruitment?
The process of finding and hiring the best-qualified candidate (from within or
outside of an organization) for a job opening, in a timely and cost effective
manner. The recruitment process includes analyzing the requirements of a job,
attracting employees to that job, screening and selecting applicants, hiring, and
integrating the new employee to the organization.
 Stages of Recruitment in Human Resources

1. Job Analysis

2. Advertise the open positions

3. Screening applicants

4. Finalizing the job offer

 Methods of Recruitment

1. Direct Method

2. Indirect Method

3. Third Party Method

 Types of Recruitment

1. Internal Recruitment
• Transfers
• Promotions
• Re-employment of ex-employees

2. External Recruitment
• Advertisement
• Employment Exchanges
• Employment Agencies
• Educational Institutions
• Recommendations
• Labour Contractors
 Technology used in Recruitment

 Social Media Recruiting

 Applicant Tracking Systems

 Mobile Recruiting

 Job boards & Career Pages

 Methodology of Study

The research of report is conducted by collecting & analyzing the data from
Primary & Secondary sources:

 Primary Data:
 Consulting with Guide, Employees & Recruiters of Edelweiss

 Analysing report & system of Edelweiss Recruitment

 Secondary Data:
 Magazines, Prospectus & Annual report of Edelweiss

 Websites of Edelweiss Company

 RMS (Recruitment Management System)
A recruitment management system (RMS), also known as an e-recruitment
or online recruitment system, is a multi-component software tool designed
to automate and facilitate the processes involved in finding, attracting,
assessing, interviewing and hiring new personnel.

Edelweiss RMS Internal Job

7
Portal
2
1
Hiring Employee
Manager Referral
Portal Core Portal
Module 6

Candidate
Vendor Edelweiss Portal
Portal Careers
4
Portal 5
Technology as a leverage in Recruitment at Edelweiss

Budget Requisition
(Headcount) (Creation,
Approval &
Creation Posting)

Recruitment
Offer Lifecycle Sourcing &
Management Shortlisting

Interview
Scheduling &
Online
Assessment
Understanding the Edelweiss Careers System Interface

Edelweiss Career System

Hiring Edelweiss
Core Vendor Candidate
Manager Careers
Module Portal Portal
Portal Portal
 FINDINGS
 Earlier Edelweiss end to end recruitment process was more of
paper related process
 Entire Recruitment process starting from posting job vacancy
till end of hiring the candidate for role has been automated
with the help of technology named RMS (Recruitment
Management System of Edelweiss)
 Employees & Recruiters are happy with new initiative made
by Head of HR
 Key findings is Smooth process of recruitment through
technology in Edelweiss
 RECOMMENDATIONS
Though Recruitment Management System in Edelweiss is performing at extensive level,
below are few recommendations from my end:

 Technology plays a vital role in recruitment process of

Edelweiss & thus the process of RMS should be clear to all
employees & recruiters
 Manual should be shared with respective persons into the
system
 Proper data must be maintained by each recruiter about the
candidate with the help of system
 Monthly dashboards should be shared with Business Heads &
HR Head
 Queries & Suggestions option should be created in system
Thank You