Varun Project
Varun Project
Varun Project
1 INTRODUCTION
Reputation and Brand Image: Organizations that are perceived as fair and
inclusive attract top talent and enjoy greater customer loyalty. Conversely,
incidents of gender discrimination can damage a company's reputation and
brand image, leading to negative publicity and loss of market share.
1.3 OBJECTIVES
The objectives of studying gender discrimination in the recruitment process can
be outlined as follows:
Identify Biases: To identify and analyze the specific biases and stereotypes that
influence the recruitment process, such as gendered language in job postings,
biased selection criteria, or discriminatory interview practices.
Bagul D B (2014) is states that research little attempt is made to see its satisfactory
level. The recruitment activity is analyzed internally, that means from the view of the
departmental heads, which are, involved in the process itself and externally that means
from the candidates perspective. From the study of Recruitment and Selection at Rathi,
and by analyzing the process conclusion is drawn. The candidates aresatisfied with the
policy of Rathi, but there is little scope to improve the satisfactory level of Recruitment
and Selection process from the internal point of view that means among the
departmental head. Recruitment activity is one of the prime activities of any growing
organization; therefore, it is very necessary for any organization to check whether this
process is going on smoothly or requires some change. As performance of the whole
group is ultimately depends on the efficiency of the employees of the group. Therefore,
to make sure the recruited candidate is a right candidate is the prime responsibility of
the HR people. Recruitment has various impacts on other HR activity so it is very
necessary to make it more effective. By providing little attention towards improving the
communication between Departmental Head & H.R., will definitely help the
organization to reach its goal in near future.
Rathore, N.S (2014) states that human resource management is the
management of employee’s skill, knowledge abilities, talent, aptitude, creativity,
ability etc. different terms are used for denoting Human Resource Management.
They are labour management, labour administration, labour management
relationship, employee employer relationship, industrial relationship, human
capital management, human assent management etc. In simple sense, human
resource management means employing people, developing their resources,
utilizing, maintaining and compensating their services in tune with the job and
organizational requirements Human Resource Management is also a strategic
and comprehensive approach to managing people and the workplace culture and
environment.
Zaharie, M (2013) states that job recruitment and selection practices represent
a prerequisite for companies aiming for competitive and skilled employees. The
purpose of this paper is to empirically explore and compare the employee
recruitment and selection practices in small and medium organizations. An
online quantitative survey was applied on 92 Romanian organizations (25 of
small and 67 of medium size), based on a questionnaire which explored the
recruitment methods, the employee selection practices and job screening
criteria. The results show that while differences exist between these two
categories of organizations, these are not that intense. When recruiting, small
organizations focus on recommendation based methods. Medium organizations
use more selection steps when hiring and render greater importance to the job
selection criteria, especially to candidates’ attitude, motivation and dedication to
work, generic skills, lifelong learning, resistance to stress, and computer skills.
Lavigna, R. J, (2004) states that governments around the globe are facing
unprecedented staffing challenges. At the time when governments need to be
most adept at luring talent to public service, their ability to do so has rarely been
so constrained and complicated by economic, social and organizational
pressures. This article provides an overview of the types of recruitment and
selection initiatives already in place in many nations that can help the world’s
governments attract and retain talent. Relying heavily upon examples from the
United States and Western Europe, but also integrating experiences from a
variety of both developed and less developed countries (LDCs), we describe a
series of recruitment and selection “best practices.”
Dora, S (2003) states that recruitment and selection experiences are part of a
process of pre-entry organizational socialization, also known as anticipatory
socialization. Graduates are susceptible to such effects as their socialization
through exposure to professional employers begins during training. Employers’
practices are thought to contribute to the formation of realistic career
expectations and the initial psychological contract between graduates and
employers. The present study found that students in traditional professions
reported greater exposure to employers than students in an emerging profession
through work activities, more proactive engagement in recruitment events, and
more extensive experience of selection processes at similar stages of study.
Greater activity, in turn, was related to career expectations, including varying
levels of commitment to and interest in the profession and career clarity.
Rod, D (1995) is of the opinion that many factors combine to make selection
and recruitment practice and research a lively area and at the forefront now of
the drive towards management excellence. As a body of knowledge, it has been
strengthened by having to prove its usefulness during the 1960s and 1970s and
now there is more realization that both excellence in recruitment and selection,
along with training, appraisal systems, and organizational design/reengineering,
together can contribute to strong organizations in the future
CHAPTER-3
COMPANY PROFILE
INDUSTRY PROFILE
3.1 COMPANY PROFILE
ICICI BANK:
ICICI Bank is one of the largest private sector banks in India. It offers a wide
range of banking and financial services to individuals, businesses, and
corporates. These services include savings accounts, current accounts, loans,
credit cards, investment products, insurance, and wealth management services.
ICICI Bank has a significant presence both in India and internationally, with
branches and offices in various countries.
NET WORTH:
$90.9B (75,63,23,90,55,000/-)
REVENUE:
$27.112B (22,55,95,29,18,800/-)
FOUNDED:
1994, VADODARA
ADDRESS:
BANDRA KURLA COMPLEX-BANDRA EAST, MUMBAI.
PHONE:
1800 1080
WEBSITE:
WWW.ICICIBANK.COM
NO OF EMPLOYES:
103,000
Products and Services
BOARD OF DIRECTORS
Chairman Girish Chandra Chaturvedi
Managing Director Sandeep Bakhshi
Company Secretary Prachiti Lalingkar
Non-Executive Director Parvinder Kaur
Non-Executive Independent Hari L Mundra
Director S Madhavan
Neelam Dhawan
Radhakrishnan Nair
B Sriram
Uday Chitale
Vibha Paul Rishi
Whole Time Director Rakesh Jha
Sandeep Batra
A BRIEF OVERVIEW OF ICICI BANK
RECRUITMENT PROCESS
The recruitment process is a structured approach used by organizations to attract,
screen, select, and onboard qualified candidates for job vacancies. Here's a brief
overview of the recruitment process:
Identifying Job Vacancies: The process starts with identifying the need for a new
employee due to growth, turnover, or a new role within the organization.
Job Analysis and Description: This step involves defining the responsibilities, tasks,
qualifications, and skills required for the job. A job description is created based on this
analysis.
Recruitment Planning: The organization then plans its recruitment strategy, including
deciding whether to recruit internally, externally, or both, as well as determining the
sourcing methods (e.g., job portals, social media, referrals, etc.).
Assessment and Selection: Candidates may undergo assessments such as skills tests,
personality assessments, or background checks to evaluate their suitability for the role.
The hiring team then selects the best candidate(s) for the job.
Offer and Negotiation: An offer is extended to the selected candidate, including details
such as salary, benefits, start date, and other terms of employment. Negotiations may
occur before finalizing the offer.
Onboarding: Once the candidate accepts the offer, the onboarding process begins. This
includes orientation, training, and integration into the organization to ensure a smooth
transition into the new role.
Post-Recruitment Evaluation: After the new hire settles into the role, the organization
may conduct evaluations to assess the effectiveness of the recruitment process and the
performance of the new employee.
Each step in the recruitment process plays a crucial role in finding the right talent to
meet the organization's needs and goals.
“To be the trusted financial services provider of choice for our customers,
thereby creating sustainable value for our stakeholders”
MISSION OF ICICI BANK
“To grow our risk-calibrated core operating profit by: Delivering products
and services that create value for customers. Bringing together all our
capabilities to seamlessly meet customer needs. Conducting our business
within well-defined risk tolerance levels’’
OBJECTIVES OF THE ICICI
For the third year in a row ICICI Bank has won The Asset Triple A Country Awards for
Best Domestic Bank in India.
ICICI Bank won the Most Admired Knowledge Enterprises (MAKE) India 2009
Award. ICICI Bank won the first place in "Maximizing Enterprise Intellectual Capital"
category, October 28, 2009.
Ms Chanda Kochhar, MD and CEO was awarded with the Indian Business Women
Leadership Award at NDTV Profit Business Leadership Awards, October 26, 2009.
ICICI Bank received two awards in CNBC Awaaz Consumer Awards; one for the most
preferred auto loan and the other for most preferred credit Card, on September 30,
2009.
Ms. Chanda Kochhar, Managing Director & CEO ranked in the top 20 of the World's
100 Most Powerful Women list compiled by Forbes, August 2009.
Financial Express at its FE India's Best Banks Awards, honoured Mr. K.V. Kamath,
Chairman with the Lifetime Achievement Award, July 25, 2009.
ICICI Bank won Asset Triple A Investment Awards for the Best Derivative House,
India. In addition ICICI Bank were Highly commended, Local Currency Structured
product, India for 1.5 year ADR GDR linked Range Accrual Note., July 2009.
ICICI bank won in three categories at World finance Banking awards on June 16, 2009
• Best NRI Services bank
• Excellence in Private Banking, APAC Region
• Excellence in Remittance Business, APAC Region.
ICICI Bank Mobile Banking was adjudged "Best Bank Award for Initiatives in Mobile
Payments and Banking" by IDRBT, on May 18, 2009 in Hyderabad.
ICICI Bank's b2 branch free banking was adjudged "Best E-Banking Project
Implementation Award 2008" by The Asian Banker, on May 11, 2009 at the China
World Hotel in Beijing.
ICICI Bank bags the “Best bank in SME financing (Private Sector)” at the Dun &
Bradstreet Banking awards 2009.
ICICI Bank NRI services wins the “Excellence in Business Model Innovation Award”
in the eighth Asian Banker Excellence in Retail Financial Services Awards Programme.
ICICI Bank's Rural Micro Banking and Agri-Business Group wins WOW Event &
Experiential Marketing
Award in two categories - “Rural Marketing programme of the year” and “Small
Budget On Ground Promotion of the Year”. These awards were given for Cattle Loan
'Kamdhenu Campaign' and 'Talkies on the move campaign' respectively.
ICICI Bank's Germany Branch has been certified by “Stiftung Warrentest”. ICICI Bank
is ranked 2nd amongst savings products across 19 banks
ICICI Bank Germany won the yearly banking test of the investor magazine €uro in the
“call money”category.
The ICICI Bank was awarded the runner's up position in Gartner Business Intelligence
and Excellence Award for Asia Pacific for its Business Intelligence functions.
ICICI Bank's Organisational Excellence Group was recently awarded ISO 9001:2008
certification by TUV Nord. The scope of certification comprised processes around
consulting and capability building on methods of quality & improvements.
ICICI Bank has been awarded the following titles under The Asset Triple A Country
Awards for 2009:
• Best Transaction Bank in India
• Best Trade Finance Bank in India
• Best Cash Management Bank in India
• Best Domestic Custodian in India
ICICI Bank has bagged the Best Cash Management Bank in India award for the second
year in a row. The other awards have been bagged for the third year in a row.
ICICI Bank Canada received the prestigious Canadian Helen Keller Award at the
Canadian Helen Keller Centre's Fifth Annual Luncheon in Toronto. The award was
given to ICICI Bank its long-standing support to this unique training centre for people
who are deaf-blind.
CHAPTER-4
INTERPRETATION:
2) ARE YOU SATISFIED WITH THE RECRUITMENT
PROCESS NOW A DAYS?
INTERPRETATION:
3) IS ANY OF YOUR FRIENDS OR RELATIVES
WORK IN ICICI BANK
INTERPRETATION:
4) DO YOU SATISFIED WITH ICICI BANK?
INTERPRETATION:
5) DO YOU FACED ANY GENDER
DISCRIMINATION IN RECRUITMENT PROCESS?
INTERPRETATION:
6) IS THERE ANY GENDER PAY GAP IN INDIA.
INTERPRETATION:
7) FACTORS AFFECTING RECRUITMENT
INTERPRETATION:
8) DO YOU AGREE THE GENDER
DISCRIMINATION IN RECRUITMENT PROCESS
INTERPRETATION:
CHAPTER-5
However, here are some general points about ICICI Bank that were relevant up
to 2024:
Customer Base and Market Position: ICICI Bank has a broad customer base,
including retail customers, corporates, SMEs, and institutions. It competes with
other major banks in India and globally, focusing on market share, customer
acquisition, and product innovation.
Regulatory Compliance: Like all financial institutions, ICICI Bank operates
under regulatory frameworks and compliance requirements set by regulators
such as the Reserve Bank of India (RBI) and other regulatory bodies.
Compliance with regulations and risk management are key priorities for the
bank.
Review Job Descriptions: Ensure that job descriptions use inclusive language
and focus on skills, qualifications, and job requirements rather than gender-
specific terms or stereotypes. Avoid using gender-biased language that may
discourage qualified candidates from applying.
Promote Gender Diversity: Set goals and targets for gender diversity in
recruitment and track progress towards these goals. Actively seek diverse
candidate pools through targeted outreach, diverse sourcing channels, and
partnerships with organizations promoting gender diversity.
Ensure Pay Equity: Conduct regular pay audits to identify and address any
gender-based pay disparities within your organization. Ensure that
compensation decisions are based on job roles, skills, experience, and
performance rather than gender.
Offer Flexible Work Options: Provide flexible work options such as remote
work, flexible hours, and parental leave policies to support work-life balance
and accommodate diverse needs, including those related to caregiving
responsibilities.
Provide Equal Opportunities for Advancement: Create equal opportunities
for career growth and advancement regardless of gender. Offer leadership
development programs, mentorship opportunities, and promotions based on
merit and performance.
Monitor and Address Biases: Regularly review recruitment data and metrics to
identify any gender disparities or biases in the hiring process. Take corrective
actions, such as adjusting recruitment strategies, addressing biases in decision-
making, and providing additional training and support as needed.
Seek Feedback and Input: Solicit feedback from employees, candidates, and
stakeholders on their experiences with the recruitment process and the
organization's inclusivity efforts. Use feedback to make informed decisions and
continuously improve practices.
⮚ Newspapers:
b. The Hindu
⮚ Magazines:
a. Business Today
b. Forbes India
⮚ Major Sources:
a. Internet
b. Web Browsers
c. Google scholar
⮚ Websites:
a. www.google.co.in
b. www.icicibank.com
c. www.wikipedia.org
d. www.scholar.google.com