21-04-2012, 10:48 AM
Recruitment Process in Insurance Company
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PREFACE
“Success comes with knowledge & knowledge is comes with training.”
MBA is a stepping stone to the management carrier and to develop good manager. It is necessary that the theoretical must be supplemented with exposure to the real environment. Theoretical knowledge just provides the base and it’s not sufficient to produce a good manager that’s why practical knowledge is needed.
Therefore the research product is an essential requirement for the student of MBA. This research project not only helps the student to utilize his skills properly learn field realities but also provides a chance to the organization to find out talent among the budding managers in the very beginning.
In accordance with the requirement of MBA course I have summer training project on the topic “Recruitment Process in Insurance Company” with BAJAJ ALLIANZ Life Insurance Ltd. The main objective of the research project was to study the recruitment process of financial consultants in any insurance company.
The information regarding the project research was collected through the questionnaire formed by me which was filled by the customers there.
ACKNOWLEDAGEMENT
OUR civizsation is the result of ever since co-operation & I am no exception of it because it was very difficult to give this project report a final shape without the co-operation extend directly by several persons.
First & foremost I AM GREATFUL TO MR.ManishMousham State HR HEAD for providing me opportunity for practical traning. Kindly permitted me to carry up for traningassingment in “BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED”.
I wish to extend my thanks to all the employees who always supported & encourage me in the project work. I Sr. Executive HR who personal took in Mr.RaviRoshan me & provides me requisite information have & helped in completion of my project work.
I sincerely thanks Mr. InamulHaque Ahmad Executive HR without whose help&guidence I would not have prepared the report in the way I did.
My overriding debt continues to my family & friends for their encouragagement, inspiration, motivation & moral support in accomplishing the project.
With a deep sense of gratitude and humble submission I would like to express my heartiest gratefulness to my Faculty Guide whose help, stimulating suggestions and encouragement helped me in all the times of research for and writing of this thesis.
EXECUTIVE SUMMARY
Project study report consists of brief description of company BAJAJ ALLIANZ INSURANCE CO. LTD., PATNA, the special focus on the human resources. My topic was “Recruitment Process in Insurance Company” along with significant findings & suggestions that give idea how many the employees in the company are satisfied andnot satisfied with welfare facilityof the company.
Recruitment is the process of searching the candidates for employment and stimulating them to apply for jobs in the organization. In the other words recruitment is the activity that links employers and job seekers.
Recruitment procedure ofBAJAJ ALLIANZ Life Insurance is very easy. A person with high educating and well experience can be recruited after a personal interview and group discussion. After the training program is completed the insurance agent has to appear for the pre-examination conducted by IRDA. As he clear the exam h e provides a license, which is the proof of a legalized insurance agent, which permits him to deal in his insurance business.
Recruitment of candidates is the function preceding the selection, which helps create a pool of prospective employees for the organization so that the management can select the right candidate for the right job from this pool. The main objective of the recruitment process is to expedite the selection process.
Recruitment is a continuous process whereby the firm attempts to develop a pool of qualified applicants for the future human resources needs even though specific vacancies do not exist. Usually, the recruitment process starts when a manger initiates an employee requisition for a specific vacancy or an anticipated vacancy.