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Sunday, February 20, 2011

ANALYSIS OF THE RECRUITMENT METHODOLOGY OF SALES OFFICERS IN A PRIVATE BANK PROJECT

PREFACE

Effective recruitment, selection and retention are critical to organizational success. They enable companies to have high performing employees who are satisfied with their jobs, thus contributing positively to the organization.
On the contrary, in-effective recruitment methodology, selection and retention would result in mismatches which can have negative consequences for an organization. A misfit who is not in tune with organization’s philosophies and goals can reduce output, productivity, customer satisfaction, relationship and over all quality of work. Training a wrong hire can also be expensive. Effective recruitment are therefore not only the first step towards organizational excellence, but are important cost control mechanisms as well.

The study researches the spectrum of recruitment methodologies followed in private sector banks towards developing an unique model, propose suggestion that would reduce costs, time to recruit, be effective and help overall organizational (in particular private banks) interests.

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