Recruitment and selection process of EXIM Bank Limited

Abstract

EXIM Bank Limited is not an exception to the dynamic world of business where they stand with a mission of “Excellence in Banking”. One of the premier financial institutes of the country targets to show the excellence by motivated and well trained workforce with a comprehensive career. HR activities are one of the major activities in an organization. EXIM Bank HR division is an ideal place for learning HR related activities thoroughly. An excellent team of management of HR division conducts all the HR related issues. Their dedicated work makes them possible to get suitable people for suitable positions. They maintain an actual flow of each and every steps of Recruitment and selection process. Reducing turnover rate proves the recruitment and selection process of EXIM Bank Limited is an ideal example and they recruit right person for right position. The report concentrated mainly on the Human Resource Division. As private commercial bank work pressure is very high in EXIM Bank, so they need highly professional people who are very dedicated to their work, otherwise the whole operation will mess up. This is a great challenge for any organization to find out such talented people. To know the future demand of human resources in EXIM Bank Limited, the Human Resources Division gives all the other branches and divisions of the head office a general form at the beginning of the year. From the information gathered from these forms, the HR division gets an estimate of the manpower requirements for the year. The HR division then sets out to recruit and select necessary number of competent and efficient people in the bank. EXIM Bank practices both the recruitment and selection process, but as it is a huge organization, the process differs for different job positions. The success of a commercial bank depends largely in the quality of service rendered to the clients. Quality of service depends on the competence and the quality of the employees of the organization. Therefore, the authority of EXIM Bank has to be careful in recruiting the right person for each job. As the recruitment and selection process of the bank is improving. Though the overall recruitment and selection process of the bank is a well-organized process but still there is scope for improvement. The policy and process should be revised. So although the process they have been adopting so far has been somewhat effective, to adapt to the changing times, the process should be revised and streamlined. By developing strategies to overcome the limitations, EXIM Bank can make the recruitment and selection process more effective.