Professional Documents
Culture Documents
STUDY UNDERTAKEN
AT
BANGALORE
Submitted By
RUPLYN TERANGPI
(Reg. no. MPBM08110)
Submitted To
DECLARATION
FORWARDED
DIRECTOR
ABMTR
CERTIFICATE
This is to certify that this major report is submitted in partial fulfillment of the
requirement of MANAGEMENT PROGRAMME OF BUSINESS
MANAGEMENT is a record of bonafied major project carried out by RUPLYN
under my supervision and guidance and that part of this major project report had
been submitted earlier for the award of any degree and this report has not been
published in part or full any other magazine or journal.
I thank almighty for giving me the courage, enthusiasm and perseverance to handle
the project work.
I sincerely thank Prof. Mrs. Priyanka for her guidance, advice and
fullest co-operation in completing my project.
Finally, I thank my friends and all the staff of ABMTR for their
immense support who helped me to make this work a success.
No. No.
1. INTRODUCTION:-
f. Research period……………………………………………………. 27
5. Conclusion……………………………………………………………….. 43-44
6. Bibliography ……………………………………………………………… 45
COMPANY PROFILE
HSBC IN INDIA
The HSBC Group in India is represented by several entities including
The Hong Kong and Shanghai Banking Corporation Limited which offers a full
range of banking and financial services to its over 2 million customers in India
through its 47 branches and 170 ATMs across 26 cities. HSBC is one of India’s
leading financial services groups, with over 33,000 employees in its banking,
investment banking and capital markets, asset management, insurance broking, two
global IT development centers and six global resourcing operations in the country.
The Bank is the founding and a principal member of the HSBC Group which, with
over 10,000 offices in 83 countries and territories and assets of US$2,354 billion at
31 December 2007, is one of the world’s largest banking and financial services
organizations.
HSBC ACQUIRED 93.86% STAKE IN IL&FS INVESTSMART SECURITIES
LTD.
HSBC has completed the acquisition of 93.86 per cent of IL&FS
Investsmart Limited, for a sum of Rs.1,311 crores (around USD $296.4 million).
HSBC had acquired a 73.21% stake in Investsmart in may 2008, which included a
43.85% stake previously held by E*TRADE Mauritius and 29.36% stake holding
of IL&FS Investsmart Limited. HSBC later acquired an additional 20.65% through
an open offer taking its total share holding in Investsmart to 93.86%. “The decision
to acquire a controlling stake in Investsmart triggered an open offer to public
shareholders, through which HSBC has accepted shares equivalent to 20.65% of
Investsmart capital” says a statement issued by HSBC.
Retail offerings of IL&FS Investsmart Limited seek to cover all financial planning
requirements of individuals, which include providing personalized investment
management services including planning, advisory, execution and monitoring of
the full range of investment services. Broadly the retail services are divided into
two broad categories.
A.Advisory Services
Research is the fundamental basis of all sound investment decisions and the
superior research team of IL&FS Investsmart Limited allows it to deliver
superior solutions to the clients. Its investment decisions are backed by in-
depth research generated by top-drawer research team.
Every investor is unique and has unique investment preferences and risk
appetites. Company offers a choice of two types of PMS schemes:
Features:
Investors have a choice of five schemes based on investor risk profile
very High / High / Moderate / Low / Very Low.
I Growth-
I Growth is a discretionary portfolio management scheme focusing on
investments in equities and derivatives with an objective of growth. It aims at
creating long-term wealth through judicious stock selection and asset
allocation.
• High Risk
• Medium Risk
• Low Risk
Endeavors to minimize risk and yet offer stable and modest returns, through
judicious mix of defensive stocks. Emphasizes on quality of businesses and
pricing.
IL&FS Investsmart Limited (IIL) is investor’s one stop shop for all Insurance &
Retirement needs. Their key service features include the following:-
B.Trading Products
IL&FS Investsmart Limited is one of India's prime financial services company and
is committed to creating a differentiated financial services organization by
leveraging technology to deliver the most compelling combination of product,
service and price to a value driven consumer.
• NRI Equity:
2. INSTITUTIONAL OFFERINGS
Their efficient execution, quality research, top quality human resources and
complete compliance with stock exchange regulations, as well as business standard
ethics lend towards company’s exemplary services to investors, through IPOs,
equities, derivatives and mutual funds.
They also focus on identifying undiscovered value stocks to investors. Through it’s
gamut of services, this division is well-suited to corporate investors, banks,
financial institutions, insurance companies and FII’s. Their Institutional Equity
Business (IEB) is well positioned to offer support for a complete range of
investment banking service to Corporate.
Their research division has a designated team for each asset class and consists
of qualified professionals who evaluate market trends and make unbiased and
objective reports.
The primary market services cover placement of debt paper issued by Corporates,
with institutional segments covering banks, mutual funds etc. These services cover
various activities:-
The debt instrument covered by this division cover both short term as well as
longer term instruments. Commercial paper and MIBOR Linked Bonds are
popular among the short-term instruments. The division uses a proprietary
During the study I came across the certain area where I face the problem on the
Recruitment of the suitable students for the different area of the work.
During this tenure I came across the area where I found that the recruitment
process is much different from that of the IT industry we where Only provided with
the data base we were not expose to portals by which we Hire good skills.
The research was to complete within 60days from 1st may 2009 to 30th june 2009
The study is conducted for IL&FS,Bangalore to find out recruitment and selection
process of the company for period of 60 days from 1st May 2009 to 30 JUNE 2009 .
Introduction with the various departments backed up by a structured questionnaire
was a main source of qualitative data, and also personal interview was conducted
with the employees to whom the questionnaires were given.
I used a descriptive type of research. It is one which includes surveys and fact
finding, enquiries of different kinds. The major purpose of such research is
description of the state of affairs, as it exists at present.
1 Primary sources-
Secondary sources-
i. Newspaper.
ii. Magazines.
iii. Websites. (www.jobmantra.com)
The study on recruitment and selection towards special reference to Big IL&FS
Bangalore, done by survey method and also by conducting personal interview with
the employees was conducted for a period of 60 days from May 1st to 30th june2009
The recruitment and selection is the major function of the human resource
department and recruitment process is the first step towards creating the
competitive strength and the strategic advantage for the organizations. Recruitment
process involves a systematic procedure from sourcing the candidates to arranging
and conducting the interviews and requires many resources and time. A general
recruitment process is as follows:
The recruitment process is immediately followed by the selection process i.e. the
final interviews and the decision making, conveying the decision and the
appointment formalities.
Modes of Contact
Personal Contacts
References
Phone Calls
Guidance as per Unit Manager
E-Recruitment
The buzzword and the latest trends in recruitment is the “E-Recruitment”. Also
known as “Online recruitment”, it is the use of technology or the web based tools
to assist the recruitment process. The tool can be either a job website like
naukri.com, the organization’s corporate web site or its own intranet. Many big and
small organizations are using Internet as a source of recruitment. They advertise
job vacancies through worldwide web. The job seekers send their applications or
curriculum vitae (CV) through an e-mail using the Internet. Alternatively job
seekers place their CV’s in worldwide web, which can be drawn by prospective
employees depending upon their requirements.
Job sites provide a 24*7 access to the database of the resumes to the employees
facilitating the just-in-time hiring by the organizations. Also, the jobs can be posted
on the site almost immediately and is also cheaper than advertising in the
employment newspapers. Sometimes companies can get valuable references
through the “passers-by” applicants. Online recruitment helps the organizations to
automate the recruitment process, save their time and costs on recruitments.
Every organization has the option of choosing the candidates for its recruitment
processes from two kinds of sources: internal and external sources. The sources
within the organization itself (like transfer of employees from one department to
other, promotions) to fill a position are known as the internal sources of
recruitment. Recruitment candidates from all the other sources (like outsourcing
agencies etc.) are known as the external sources of recruitment.
Internal Sources
External Sources
1. Press Advertisements: Advertisements of the vacancy in newspapers
and journals are a widely used source of recruitment. The main
advantage of this method is that it has a wide reach.
Internal Factors
The internal factors i.e. the factors which can be controlled by the organization are:
3. Size of the Firm: The size of the firm is an important factor in recruitment
process. If the organization is planning to increase its operations and expand
its business, it will think of hiring more personnel, which will handle its
operations.
External Factors
The external forces are the forces which cannot be controlled by the organization.
The major external forces are:
1. Supply and Demand: The availability of manpower both within and outside
the organization is an important determinant in the recruitment process. If the
Strengths
Weakness
1. Low number of offices and network and number of life investment agents
2. Lack of knowledge and expertise.
Opportunities
1. Investment has captured 10-20 % market
2. Still the numbers of companies are few and company has every capability to
grow and forward its performance areas to the widest.
Threats
1. People are hesitant to invest and put their hard earned money.
During the study I came across different aspects of recruitment and its process. It
gave me a deeper understanding of how to recruit the efficient and effective
students for the marketing and sales profile. I came across some of the interesting
aspect where most of the students where Interested for profile and some area I face
the challenges to get talented students. It is totally a different experience where the
interaction with the Top level management was there. Due to which I came to
know their requirements and the type of skilled candidates they were targeting,
which helped me out for the Recruitment process.
During my study I found out the certain area which should be improved are the
company should use the new technology for the recruitment of the students and
provide the HR team with new technology and the social networking site.
Conclusion
Summer training is a best example for a trainee to learn about the company
working and corporate culture. In IL&FS I gained a significant knowledge with
respect of recruitment, its importance and applicability.
With the growing financial sector I would like to prefer this industry for my
future career advancement and as an opportunity to service this industry.
BIBILIGORAPHY
Academy Of Business Management Tourism and Research. 45
1. HUMAN RESOURCE MANAGEMENT :- CYNTHIA D
FISHER
PROJECT REPORT ON
A COMPREHENSIVE STUDY ABOUT “RECRUITMENT AND SELECTION”
W.R.T IL&FS INVESTSMART SECURITIES LTD
AT
BANGALORE
Submitted By
RUPLYN TERANGPI
(Reg. no. MPBM08110)
Submitted To