recruitment & selection in insurance sector

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Selection Process (Insurance Sector) Submitted By : Shubhra Dewangan

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Page 1: Recruitment & selection in insurance sector

Recruitment-Selection Process

(Insurance Sector)

Submitted By :Shubhra Dewangan

Page 2: Recruitment & selection in insurance sector

Recruitment

Selection

Recruitment refer to the process of identifying & encouraging prospective employees to apply for job.

Selection is concerned with picking the right candidate from a pool of applicants.

Page 3: Recruitment & selection in insurance sector

RECRUITMENT PLANNING

• The manpower planning process for the year would commence with the company’s budgeting activity.

• A copy of the duly approved manpower plan would be forwarded by the HR department for their further actions during the course of the year.

• The Regional HR’s would undertake the planning activity and necessary preparations in advance of the anticipated requirements

• The vacancies sought to be filled or being filled shall always be within the approved annual manpower budget

Recruitment planning on the basis of budget

• Review of manpower budgets shall take place on a quarterly basis. In the event of any new position or any deviations to the original plans, details of the positions maybe forwarded to the VP-HR along with the adequate supporting information.

Review of Manpower Plans and Additional Manpower

Page 4: Recruitment & selection in insurance sector

SOURCING OF SUITABLE CANDIDATES Existing database (active application data bank) Employee referral as per any company scheme that may be

approved from time to time Advertisement in the

internet/newspapers/magazines/company’s sites/job sites or any other media

Placement Agencies (particularly for positions of Managers and above)

Headhunting firms particularly for senior positions, specialist positions and critical positions

Direct recruitment from campuses/academic institutes Job websites

Page 5: Recruitment & selection in insurance sector

SCREENING THE CANDIDATES

FIRST LEVEL SCREENING

Page 6: Recruitment & selection in insurance sector

Aptitude Test

General Norms & administrative actions regarding interview Process

Negotiations of the terms and conditions and other pre-appointment formalities

Reference checks

Employment offer letter

SECOND LEVEL SCREENING

Page 7: Recruitment & selection in insurance sector