NAME :

ANKUSH.S.CHOUDHARY

ROLL NO: 59

H.R PROJECT

AMITY MUMBAI

M.B.A SEM-1

RECRUITMENT AND SELECTION

INTRODUCTION:-

Recruitment forms the first stage in the process, which

continues with selection and ceases with the placement of the

candidate. It is the next step in the procurement function, the

first being the manpower planning. Recruitment makes it

possible for the organization to acquire quality human resource

to ensure the continued growth. Recruiting is the process of

getting potential applicants to apply for actual or anticipated

organization vacancies.

Companies are now looking out for new ways of giving

themselves a competitive edge over their competitors. Product

remodeling, rebranding, customer centric approach & new

marketing strategies are some of the ways this can be achieved

but now many companies look towards their human resource

for getting this leading edge. The importance of recruitment

and selection lies in getting the right people for right job, i.e.

getting the right job fit.

Human resource is the biggest asset of any organization

and proper selection and placement in the right place at the

right time has become vitally important. There assets must be

properly nurtured and their efforts to be harnessed so as to

obtain maximum productivity. Recruitment is an important

aspect in this regard. Decisions regarding testing, work policies,

projects, compensation, and corporate image all have an

impact on recruiting.

Recruitment and selection are two of the most

important functions of personnel management. Recruitment

precedes selection and helps in selecting a right candidate.

Recruitment is a process to discover the sources of manpower

to meet the requirement of the staffing schedule and to

employ effective measures for attracting that manpower in

adequate numbers to facilitate effective selection of efficient

personnel.

MEANING:

“Recruitment means to estimate the available vacancies and

to make suitable arrangements for their selection and

appointment. Recruitment is understood as the process of

searching for and obtaining applicants for the jobs, from

among whom the right people can be selected”.

A formal definition states, “It is the process of finding and

attracting capable applicants for the employment. The process

begins when new recruits are sought and ends when their

applicants are submitted. The result is a pool of applicants

from which new employees are selected”. In this, the available

vacancies are given wide publicity and suitable candidates are

encouraged to submit applications so as to have a pool of

eligible candidates for scientific selection.

In recruitment, information is collected from interested

candidates. For this different source such as newspaper

advertisement, employment exchanges, internal promotion,

etc.are used.

In the recruitment, a pool of eligible and interested candidates

is created for selection of most suitable candidates.

Recruitment represents the first contact that a company makes

with potential employees

GENERIC OVERVIEW OF RECRUITMENT AND SELECTION

PROCESSES

PHASE:-1

IDENTIFICATION OF PROSPECTIVE

CANDIDATE

PHASE:-2

CANDIDATE PROFILING AND

ASSESMENT

PHASE:-3

CANDIDATE SELECTION

PHASE:-4

CANDIDATE INDUCTION PROCESS

PHASE:-5

CANDIDATE HAND HOLDING AND

ON PROJECT SUPPORT

FACTORS AFFECTING RECRUITMENT & SELECTION

There are various factors affecting recruitment & selection.

These can be broadly classified into-

Organizational factors-

o Organizational reputation

o Organizational culture

o Geographical location

o Amount of resource allocated

o Channels and methods used for advertising

o Emoluments that the company offers

External factors-

o Situation of the labour market and demand for

manpower

o Stage of development of the industry

o Culture, beliefs and social attitudes

o Legal factors

SOURCES OF RECRUITMENT:

Internal Sources-

o Internal promotions

o Internal transfers

o Company HRIS(Human resource internal sources)

External Sources-

o Advertisement in newspapers

o Referrals

o Campus recruitment

o Online recruiting

o Casual job seekers

o Consultants

o Job fairs

o Head Hunters

RECRUITMENT PROCESS:

New post arises or vacancy arises

Determine number, levels & criticality of vacancies

Choose resource & methods of recruitment

Perform job

analysis

Analyze cost & time involved

Shortlist

candidate CVs for

interview Advertise Recruitment

ends

SELECTION PROCESS:

Methods of

CVs review Initial Screening Interview

Analyze Application Blank

Conducting Tests & Evaluating Performance

Preliminary Interview

Core & Departmental Interviews

Reference Checks

Job Offer Medical

Examination

Placement

Evaluation of complete process

COMPANY PROFILE

ABOUT THE COMPANY

1.NAME OF COMPANY- SMC GLOBAL

SMC Global is one of the largest and most reputed investment

solutions company that provides wide range of services to its

substantial and diversified client base. Over the Years, The

company has expanded Internationally, and has established

office in Dubai Gold and Commodities Exchange (DGCX). Its

products and Services include Institutional and retail brokerage

of equity, commodity, currency derivatives, online trading ,

investment banking, depository services, clearing services, IPOs

and mutual funds distribution, Portfolio management, wealth

advisory, insurance broking, equity and commodity research.

SMC Global is one of the leading and experienced

brokerage houses having its corporate office in Delhi,

besides offices in Mumbai, Kolkata and a mammoth

network of more than 500 offices spread across the

country.

Member of NSE, BSE, F&O, NCDEX, MCX, DGCX, Clearing

Member in NSE Derivative Segment & DGCX and ISO 9001:

2000 certified DP for shares and commodities.

Company offer large avenues of Investment Solutions,

catering to all classes of Investors.

Providers of one of the best trading platforms to trade in

NSE, BSE, NCDEX, MCX and DGCX.

SMC has expanded, globally by acquiring Trading &

Clearing Membership of Dubai Gold and Commodity

Exchange (DGCX).

LOCATION OF SMC GLOBAL IN DUBAI

SMC Comex International DMCC

(A Broker & Clearing Member of DGCX)

312, 3rd Floor, Belshalat Building,

Al Karama, Dubai, UAE

Ph.: +9714 3963120

Mobile: +97150 2612483

Fax: +9714 3963122

Web: http://www.smcindiaonline.com

LOCATION OF SMC GLOBAL IN INDIA

REGISTERED OFFICE

11/6B, Shanti Chambers,

Ground Floor, Main Pusa Road,

New Delhi- 110 005

Ms. Shagun Madan, AVP

Mobile: +91 9312788879

REGIONAL OFFICE

18, Rabindra Sarani, Poddar

Court, Gate No-4,

4th Floor, Kolkata-700001

2A, 2nd Floor, Mookambika Complex No.4

Lady Desikachari Road, Mylapore, Chennai-600004

Tel. 91-44-42108069, 42088256

Fax-91-44-24661798

E-mail- mylapore2smcindiaonline.com

CORPORATE OFFICE

43, A-Wing, 4th Floor,

Mittal Tower, Nariman Point

Mumbai- 40001

2. CONSTITUTION OF THE COMPANY

SMC Global is a private limited company. It is a Dubai based

company. BOARD MEMBERS are Mr. SUBHASH CHAND

AGRAWAL and Mr. MAHESH CHAND GUPTA

Mr. SUBHASH CHAND AGRAWAL Mr. MAHESH CHAND

GUPTA

Mr. Subhash Chand Aggarwal and Mr. Mahesh Chand Gupta are

the visionaries who planted the sapling of the “Kalpavriksha”

called SMC. To shape their vision into a reality they watered the

sapling with their principles of transparency, honesty &

integrity and nourished it with their rock solid commitment for

excellence.

Professionally both are chartered accountants, with a rich

experience of more than 20 years in the capital market. Their

exceptional leadership skills, outstanding commitment and

disciplined style of working have fostered SMC into a financial

hub, justifying the words that “the future belongs to those who

believe in the beauty of their dreams

Mr. Subhash C. Aggarwal (Chairman and Managing Director):

A fellow Member of the ICAI, and has experience in Financial

Services Business for about 20 years. He is member of the

managing committee and Chairman of the Capital Market

Expert Committee of the ASSOCHAM, participation in Prime

Ministerial Delegation to Japan.

Mr. Mahesh C. Gupta (Vice Chairman and Managing Director):

A fellow Member of the ICAI, and has more than 20 years of

experience in Capital Markets of India

SMC’S SIGNIFICANT MEMBERS:

Mr. D.K. Aggarwal (Head of Arbitrage): A fellow member of

the ICAI, and being in Financial Services and Arbitrage Business

for about 15 years

Mr. Pradeep Aggarwal (Director): A Graduate from the

University of Delhi and has more than 14 years of experience in

Securities and Commodities Market and also has rich expertise

in Arbitrage Business

Mr. Ajay Garg (Director): A fellow member of ICAI and has

around 10 years of experience in corporate, information

technology, business development and internet trading

businesses

Mr. Rakesh Gupta (Director): A fellow member of ICAI and has

around 10 years of experience in legal, secretarial, taxation and

other corporate issues.

Mr. N.D. Gupta (Independent Director): Past President of ICAI

has more than 35 years of experience in corporate affairs and

Securities Market. He has served on the board of IFAC, IASC,

NACAS constituted by Dept. of Company Affairs, CBDT advisory

committee and IRDA. He was Chairman of DSE and is an active

member of FICCI, ASSOCHAM and PHDCCI.

Mr. Rajesh Jain (Head of Research): A management graduate

with more than 20 years of experience in investment strategies,

technical & fundamental analysis. He is a visiting faculty at

institutes like BITS Pilani.

3.RECENT COLLABORATION OF SMC WITH PROMINENT

HANDS

SMC Group entered into a Joint Venture with Sanlam Group of

South Africa

SMC Group, which is India's fourth largest securities brokerage

house, has entered into 50:50 joint venture agreements with

Sanlam Investments, an investment arm of South African

financial services giant, for setting up wealth Management and

Asset management business in India, managing over US $ 60

Billion of client assets and operating in over US $ 60 Billion of

client assets and operating in over 30 countries globally

including UK, USA, Switzerland, Luxembourg, Dublin, Australia

etc.

. The agreement between the parties will see the set up of two

new businesses in India - a wealth management company and

an asset management company. Both will be perfectly placed

to take advantage of the immense growth opportunities in

India. The total financial outlay by Sanlam Investments on this

joint venture is expected to be around $50 million upward, as

the warrants are exercised and the new businesses are

capitalized.

4. COMPANY SIZE

SMC Global

Securities ltd.

SMC Wealth Management Services Ltd.

SMC Comtrade Ltd.

SMC Insurance Brokers (P) Ltd.

SMC Comex International DMCC

Money wise Financial Services Ltd.

SMC CapitalLtd.

SAM Global Securities ltd

5. SOME FACTS ABOUT SMC.

No. of Employees:-SMC Global has a highly efficient workforce

of over 3,000 employees

Rating within its sector:-SMC Global is the fourth largest

brokerage house in the world.

Current annual turnover:-SMC clocked a turnover of over US $

100 Billion in 3rd quarter of FY 08-09.

0

500

1000

1500

2000

2500

3000

2005 2006 2007 2008

9001200

1500

3000

6. GEOGRAPHICAL REACH

SMC has expanded its domestic & international operations.

Existing network includes regional offices at various places in

India, besides these 1350+ offices across over 350 cities in

India. SMC has plans to grow its network to 2,700 offices across

500+ cities in the next 3 years. The existing network offices of

SMC in India are as follows,

Mumbai

Kolkata

Chennai

Bangalore

Cochin

Ahmadabad

Jaipur

Hyderabad

7. ORGANISATIONAL HISTORY

SMC Global was established in the year 1994 by Mr. Subhash

Chand Aggarwal and Mr. Mahesh Chand Gupta as Global

Securities Ltd. and commenced its business on 2nd day of

January 1995.

SMC Group - Evolution

01994. Equities and Commodity Brokerage

Providing trading platforms to clients supported with research

services

1995. Arbitrage Engaged in ‘Arbitrage’ operations employing

both proprietary & client funds, for monetizing the market mis-

pricings.

1996. Research Services (Equity & Commodity) Fundamental &

Technical Research

1996. International DGCX Business Distribution of IPO & MF

Distribution of IPO & MF products

1998. Insurance Distribution, Distribution of Life, Non-life

Insurance products

2000. Investment Banking Fund Raising through IPO, Debt &

PE routes

2002. NRI Business NRI Trading & Advisory Services

2004. Institutional Desk Institutional Trading & Advisory

Services

2006. Wealth manegment.Services Client based Portfolio at

the end of 2008 the company has basket of products which is

suitable to all types of customer. It also diversifies the risks of

customer by diversifying customer’s portfolio of investment.

8. GROWTH HISTORY

SMC office network- Region wise

260

352

457

561

168216

275301

68

138

212

273

2773

120165

17 24 37 52

0

100

200

300

400

500

600

2005-06 2006-07 2007-08 2008-09

north

east

west

south

central

No. of investors of SMC over the years

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

2003-04 2004-05 2005-06 2006-07 2007-08

14373 25000

124000

236442

480000

ORGANIZATIONAL STRUCTURE (H.R. DEPARTMENT)

Manager HR

Factory Manager

Labor Officer

Assistant

Personal Manager

Assistant