PowerPoint Presentation
PRACTICES AND PROCEDURES INBANKING AND FINANCIAL
INSTITUTIONS
Presented By:Aditya RaneG045Anant KatyayniG039Aksh
VashishthaG064Rohit BhatG007Rohit GargG022Rohit AgarwalG003Sahil
SehgalG050HIRING TALENT-
BFSICorporation bankHDFCGrasping and learning new concepts
quicklyThinking of creative ideas and approachesResilience under
intense pressureGlobal outlook AdaptabilityThinks
out-of-the-boxTeam playerVigilantismHonestyTrainees attitude
towards workPrefers to hire from reputed collegesBFSICorporation
bankHDFCMajority of the companies in the BFSI sector hire
externally and usually from within the industry
Outsourced the hiring process to IBPSExternallyWithin the
industryBFSICorporation bankHDFCMajority of companies in the BFSI
sector hire through campus recruitments, job portals and
recruitment agencies
Advertisements in newspapersTheir WebsiteCampus
recruitmentsPlacement consultantsBFSICorporation bankHDFCIt depends
upon the company its stage of growth, environment in which it
operates, its long term mission and vision etc.Overall, it seems
job portals are the most preferred sources of recruitment.
Advertisements in newspapersCampus placementsBFSICorporation
bankHDFCThe importance and integration of technology is only
increasing with timeStill the trend has not caught the attention of
companies as muchThe print media has lost its sheen but its job
portals which have replaced most of it
They are more comfortable with IBPS handling it in the near
futureOpen to such an option in the futureBFSICorporation
bankHDFCPublic sector banks:No employer branding strategyLesser Pay
& promotions, long rural stint, time consuming
recruitmentPrivate banks:EVP- high performance & high pay
culture
Brands itself based on the quality of service rendered to its
clientsEmployee relationsLong-term relationship as branding
strategyCorporation bankHDFCSame time period as BFSI for recruiting
people at all levelsManagement trainees- campus
recruitmentSeptember to JanuaryJuneJulyAugust
SeptemberOctoberNovember DecemberApplication process and fee
paymentExamsResultFinal Interview and selectionBFSICorporation
bankHDFCPublic sector banks- outsource recruitment process to
IBPSTests, interviews, group discussions, psychometric
profilingAptitude, reasoning, DI ability, culture fit, leadership
skills, team skills, job knowledgeIBPSSuccessful candidates- placed
on merit basisCampus recruitmentAptitude tests, GD,
interviewsHonest, flexible candidates, culture fitBFSI
SectorCorporation BankHDFC BankThere is no consensus when it comes
to outsourcing of the hiring process. Various regulations need to
be observed by PSBs in terms of hiring whereas most private sector
banks usually have an in-house recruitment team.
The entire recruitment process of Corporation Bank is itself
outsourced completelyHDFC Bank doesnt consider outsourcing either
partly or entirely. They prefer it to be handled by experts who are
in the organisation for a long period of time and understand the
goals of the organisation and can find suitable candidates who can
align themselves to the same.
