A study on recruitment and selection process for achieving higher employee productivity of IDLC Finance Limited.

Abstract

IDLC Finance Limited developed as one of the most recognized financial brands in the country. Starting from Corporate, SME, Retail to Capital Market Segments, IDLC captures a strong place in the market. IDLC endeavors in improving the people’s lives by fulfilling their dream of buying a house, car or start of a business and also have impact on the whole nation. The recruitment team is the most pivotal part of the human resources department as the organization develops because of the contribution of its employees. The objective of IDLC is to recruit charismatic, vigorous people who can take responsibility to develop them with the dynamic competitive industry. The analysis also helped in knowing the changes the employees want the changes that should be made in order to increase productivity and the certain factors that they are contended about. Having a good team member, a safe environment can boost employee confidence, thus the report focuses on various factors that affects employee productivity. The report consists of the current procedures of the recruitment and selection process and ways to improve the effectiveness of the process in order to enhance employee productivity. The purpose is to understand the current scenario of the recruitment process and also the problems associated with it. Furthermore, the report also deals with the feedback and how in future, IDLC Finance Limited needs to work on the certain things that will increase employee productivity.