Hiring Through Referrals

EXECUTIVE SUMMARY Talent management has acquired increasing grandeur in nowadayss competitive corporate world. Companies today argon looking to retain and acquire best talent in whichever charge possible. Unlike in the past, employees are not considered as a burden,but rather as assets. Recruitment is that subsection of HR that deals with engenderting mess into the company to fill vacant posts. in that location are mixed sources of infixment viz, campus placements,poaching,consultancies,trade associations,adverstisements,among many others. champion among these is the rule of employee referral. Employee referral refers to the dish where existing employees refer their relatives or friends for vacancies to be modify in the organization. It is a convenient way to recruit people and saves time and cost. The advantages of this system include a come apart employee-job fit, lesser cost,time saving, reliability on employee. The disadvantages include nepotism, bad and wr ong(p) referrals, etcetera Employee referral programs are structured in different ways crossways different industries. In this project we have elect the financial sector as the industry for our study. We have try to substantiate the working of referral programs in this sector, how they are implemented, and what are the various pros and cons of this point procedure. The objective of our study is trio fold- 1.

To understand how the referral process kit and caboodle across different sectors 2.To understand the pros and cons of hiring by dint of the referral method 3.To understand the challenges face by HR in the referral method In the melodic line of our project, we have at tempt our level best to cover these three as! pects to the broad(a)est. The research methodological analysis included the use of primary and indirect data both. primary winding data was by way of telephonic interviews, while alternate data collected was by way of textbooks,newspapers and Internet. INDEX Sr.NoTopicsPage No 1Research Methodology 1 2Literature...If you want to get a full essay, order it on our website: OrderEssay.net

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