Analyzing the use of iMocha Assessment Platform for hiring and evaluation at IDLC Finance Limited: a comparative study

Abstract

In the year 1985, with 5 staff members, IDLC Finance Limited started off by launching a single product. Now, years down the line, it has grown to be the most prominent non-banking financial institution in the entire country. Now, with over 1600 employees and 40 branches across spread across the nation, they have been inputting significant contribution in the SME, capital market, corporate and retail segments serving well over 4 lac clients. As we all know, one of the core competencies regarding the growth and sustainability of any organization is through the proper recruitment of their employees and making sure that each employee that would be hired would be the best fit for the position and to be an overall organizational fit. In accordance to this study, it represents the overall hiring procedure of employees through the usage of the IMocha assessment platform used by IDLC Finance’s HR targeting the employees of IDLC Fiance Limited CHO. As per guidelines of the BBA program of BRAC University, the following internship report covers the timeline from 1st January, 2023 to 16th March 2023. This study contains a portrayal of the level of online/technological measures taken by IDLC Finance Limited to hire the most suitable candidates for their organization (particularly targeting their CHO). Here, the overall analysis of this report was based upon some core factors which are the overall experience of candidates/newly recruited employees on being tested on IMocha, the experience of hiring managers on using IMocha for recruiting employees and finally the limitations faced while using iMocha. This report contains suggestions on how the hiring process at IDLC Finance Limited can be made even more efficient/updated. In short, IMocha has proven to be quite a useful and effective tool for hiring the best individuals at IDLC Finance Limited.