With a glorious history of more than 50 years blended with a futuristic outlook, The Presidency Bank has become a leading financial institution. The Bank with its customer centric approach values transparency and nurtures knowledge and learning. It believes in the quality of its people and their efforts and therefore takes continuous initiatives for hiring the best talent and ensuring their development, motivation and growth through intensive training. The Bank offers excellent career opportunities to dynamic individuals. In addition to exposure to a variety of banking segments, the Bank also provides personal growth opportunities for its employees. With reference to the above:
(a) Suggest a suitable source of recruitment for the Bank. Give reasons to support your answer. (b) What Employment tests should be conducted by the Bank to select its employees?
(c) What type of Training methods should be adopted by the Bank to train its employees? Why?
Answers
Explanation:
(a) Sources of Recruitment: 1. Advertisements: Advertisements in newspaper and journals are the most widely used methods of attracting persons for jobs in banks. The requirement of the job and qualification of candidates are given in newspapers. This method helps to bring talented employees. 2. Placement Agencies: Another sources of recruitment for the bank can be placement agencies. Bank can engaged private employment agencies for recruiting staff. These agencies advertise the vaccancies, receive applications, conduct interviews and short list candidates on behalf of bank. 3. Educational Institutions: Management institutes and universities can be another source of recruitment. Here bank can find out best talent among the students. 4. Promotion: For personal growth of its employees bank can transfer a performing and dynamic individuals from one banking segment to another. These source of recruitment are suitable for bank because of following reasons: 1. Wide Choice: It offer a wider choice in the selection of candidates because a large number of persons apply for jobs. 2. Fresh Outlook: Recruitment of persons from outside brings in new ideas and fresh thinking. 3. Familiarity: The internal employees are already aware of the policies, rules and working conditions of the bank. (b) (i) Proficiency Tests: 1. Achievement Tests: These tests measure the skills and knowledge which the candidate already posseses at the time of testing. These tests help to determine whether the claims made by the candidate about his knowledge and skills are correct or not. 2. Intelligence Tests: These tests measure a person’s capacity for listening and compretension in terms of his vocabulary, mental alertness, memory, etc. (ii) Aptitude Tests: 1. Personality Tests: These tests are designed to judge the emotional balance, temperament and maturity of a candidate. They reveal the ability of the person to adjust to new surrounding. 2. Interest Tests: These tests are aimed at assessing type of work in which a candidate shows special interest and involvement. (c) Banks adopt various methods of imparting training to its employees so that their efficiency improves and enhances the productivity of the organisation. These are: 1. Induction Training: It is an On-the-job training method. It involves providing relevant information about the organisation, its key personnel, terms and conditions of employment, rules and procedures of the organisation, etc. 2. Internship: This programme of training is a combination of theory and practice. It involves practical training of theoretical knowledge. During this period, only stipend is paid to them. 3. Vestibule Training: It is an off-the-job training method. In this method, the workers are trained in a separate working away from the job place in almost a similar working environment using same type of technology. 4. Apprentivesting Programmes: This programme involves putting the trainee under the guidance of skilled worker. Dining this period, trainee is paid less than the skilled worker. It is on-the-job training method.Read more on Sarthaks.com - https://www.sarthaks.com/847447/with-a-glorious-history-of-more-than-50-years-blended-with-a-futuristic-outlook