Professional Documents
Culture Documents
TALENT-
PRACTICES AND
PROCEDURES
IN
BANKING AND
FINANCIAL
INSTITUTIONS
Presented By:
Aditya Rane G045
Anant Katyayni G039
Aksh Vashishtha
Rohit Bhat
G064
G007
Introduction
Structural reforms of early 1990s
Challenges
develop special competencies and skills for credit appraisal and
risk management
HR model of the future will require professionals to be both
driving and anticipating change, understanding the complexities
of the new business environment and forces shaping it
Hiring Decisions
Whom to recruit?
Where to recruit?
What recruitment resources to
use?
When to recruit?
What message to
communicate?
Optimum selection process
Methodology
The study of hiring practices of companies in
BFSI sector was conducted by means of a
questionnaire
HR departments of a Public Sector Bank and a
Private Bank were approached
The responses hence received were compared
with general trends of hiring in the BFSI sector
HDFC Bank
HDFC (Housing development and
Finance Corporation) - 5th largest
commercial bank
Ranked 45th amongst top 50
banks in the world by market
capitalization.
Incorporated in 1994
Headquartered in Mumbai ,
employee base of 70000
consisting of 15000 women.
As of 2014, HDFC had more than
3200 branches, more than
12000 ATMs across more than
200o cities in India.
Two wholly owned subsidiaries
namely HDB Financial Services
Limited (HDBFS) and HDFC
Securities Limited (HSL).
As per to the Brand Trust Report
2014, HDFC is ranked 32nd among
most trusted brands in India.
Corporation
Bank
Nationalised in 1980,
Corporation
bank
Adaptability
Thinks out-ofthe-box
Team player
Vigilantism
HDFC
Honesty
Trainees
attitude
towards work
Prefers to hire
from reputed
colleges
Corporation
bank
Outsourced the
hiring process
to IBPS
HDFC
Externally
Within the
industry
Corporation
HDFC
bank
Advertisements Campus
in newspapers
recruitments
Their Website
Placement
consultants
Corporation
bank
HDFC
It 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
newspapers
Campus
placements
Corporation
bank
HDFC
The importance
and integration of
technology is only
increasing with
time
Still the trend has
not caught the
attention of
companies as
much
The print media
has lost its sheen
but its job portals
Open to such an
option in the future
Corporation
bank
HDFC
BFSI
Sector:
Depends on job
levels and
vacancies
created
Attrition rate
between 2025%
Corporation bank
Same time period as
BFSI for recruiting
people at all levels
HDFC
Management traineescampus recruitment
September to January
August
Septembe
r
October
Exams
Result
November December
Final Interview
and selection
Corporation
bank
HDFC
Campus
recruitment
Aptitude tests, GD,
interviews
Honest, flexible
candidates, culture
fit
Candidates shortlisted
10
Applications received
20
Corporation Bank
Corporation Bank relies on IBPS to ensure diversity
HDFC Bank
HDFC Bank ensures diversity by organising interviews in different
colleges and backgrounds. Shortlisting is done as per domain
experience of the candidates
Corporation
Bank
HDFC Bank
Corporation
Bank generally
relies on police
verification
which is
submitted by the
candidate at the
time of joining
HDFC Bank
apart from this,
also calls the
respective
people as per
the references
given by the
candidates
BFSI
BFSI
Sector
Sector
Corporati
Corporati
on
onBank
Bank
HDFC
HDFC
Bank
Bank
Corporation
Bank
HDFC Bank
There 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 inhouse recruitment
team.
The entire
recruitment process
of Corporation Bank
is itself outsourced
completely
Conclusion
Private Banks carry out the entire recruitment drive through their in-house
teams, PSBs on the other hand outsource the process
Private Banks have the opportunity to find a good cultural fit for their
organization whereas the selection is solely on merit bases for PSBs. (Even if
there are interviews, its weightage is only 20% and in case of same score the
criteria for hiring is DOB)
Private Banks are driven by High performance High Pay culture, PSBs on the
other hand has relatively lower pay but higher job security
The qualities in potential employees although remains more or less same for
both types of banks
The senior positions in PSBs are filled majorly through succession planning,
whereas Private Banks undertake a more flexible approach
References
http://www.sarkariexaam.com/corporation-bank-recruitment-2012/987
http://www.payscale.com/research/IN/Employer=State_Bank_of_India/Salary
http://articles.economictimes.indiatimes.com/2012-03-21/news/31220270_1_job-portalsbranding-employees
http://www.financialexpress.com/article/industry/banking-finance/recruitment-trends-in-bankin
g-in-2015/31610/
https://www.dnb.co.in/BFSISectorInIndia/BankC1.asp
http://www.business-standard.com/article/finance/study-finds-gap-in-companies-expectationsnewly-hired-mbas-skills-110030800141_1.html
http://www.ere.net/2005/07/18/the-best-practices-of-the-most-aggressive-recruiting-department
/
References Contd.
References Contd.