Attrition in Banking Sector
EXECUTIVE SUMMARY
Recruitment and selection are supplementary activities and also crucial steps in the HR process. In recruitment, prospective employees are encouraged to apply for the jobs and in the selection process; the most suitable candidates are selected out of the pool of applicant. The purpose of both is to have the most suitable and most capable candidates for the organization out of a pool of available and interested candidates. The recruitment process widens the scope for selection and provides vide chose for the selection of best candidates out of many interested. Recruitment and selection need lengthy and scientific procedure particularly in the case of managerial post and supervisory staff such lengthy and time consuming procedure must be followed in order to have scientific selection of employees.
The banking sector is growing very fast to match the economic growth of the country; I had therefore decided to select the important topic of Human Resource Management in the Banking sector for my project. Banking sector is progressing rapidly with the economic growth. This results in extreme competition. Fulfill customer’s need more efficiently and effectively is most important aspect to survive in competition.
In other hand all are trying to cover market segments by using various strategies, for this reason banks required competent candidate pool. Marketing of banking facilities, financial products like Home Loans, Gold Loans, Insurance is become need of the today`s business.
HR policies for an organization are indeed one of the most crucial and critical aspects of running an organization as the decision so taken to this respect can either take the organization to the heights of success, or a mistake or wrong decision in the same can altogether destroy the organization.
Intense competition and globalization of businesses has put mounting pressure on organizations to deliver more and better than before. Organizations need to develop and deploy
Recruitment and selection are supplementary activities and also crucial steps in the HR process. In recruitment, prospective employees are encouraged to apply for the jobs and in the selection process; the most suitable candidates are selected out of the pool of applicant. The purpose of both is to have the most suitable and most capable candidates for the organization out of a pool of available and interested candidates. The recruitment process widens the scope for selection and provides vide chose for the selection of best candidates out of many interested. Recruitment and selection need lengthy and scientific procedure particularly in the case of managerial post and supervisory staff such lengthy and time consuming procedure must be followed in order to have scientific selection of employees.
The banking sector is growing very fast to match the economic growth of the country; I had therefore decided to select the important topic of Human Resource Management in the Banking sector for my project. Banking sector is progressing rapidly with the economic growth. This results in extreme competition. Fulfill customer’s need more efficiently and effectively is most important aspect to survive in competition.
In other hand all are trying to cover market segments by using various strategies, for this reason banks required competent candidate pool. Marketing of banking facilities, financial products like Home Loans, Gold Loans, Insurance is become need of the today`s business.
HR policies for an organization are indeed one of the most crucial and critical aspects of running an organization as the decision so taken to this respect can either take the organization to the heights of success, or a mistake or wrong decision in the same can altogether destroy the organization.
Intense competition and globalization of businesses has put mounting pressure on organizations to deliver more and better than before. Organizations need to develop and deploy
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