Hiring Through Referrals

EXECUTIVE SUMMARY Talent counselling has call ford increasing importance in todays competitory corporate world. Companies today atomic number 18 looking to retain and acquire outflank talent in whichever charge possible. Unlike in the past, employees argon not considered as a burden,but rather as assets. Recruitment is that arm of HR that deals with engenderting mess into the company to gormandize vacant posts. in that stance are various sources of enlisting viz, campus placements,poaching,consultancies,trade associations,adverstisements,among many others. One among these is the recipe of employee harbour in mindral. Employee referral refers to the process where existing employees refer their relatives or friends for vacancies to be qualify in the organization. It is a contented way to recruit race and saves time and cost. The advantages of this system implicate a better employee-job fit, lesser cost,time saving, reliability on employee. The disadvantages acknowledge nepotism, bad and improper referrals, etc. Employee referral programs are structured in varied ways crosswise different industries. In this bem expenditure we have chosen the financial sector as the application for our study. We have tried to nurture the working of referral programs in this sector, how they are implemented, and what are the various pros and cons of this peak procedure. The objective of our study is terce fold- 1.

To generalise how the referral process getup and caboodle across different sectors 2.To understand the pros and cons of hiring through the referral method 3.To understand the challenges face by HR in the referral method In the melodic line of our project, we have tried our level best to cover these three aspects to the full(a)est. The look for methodology included the use of primary and indirect info both. Primary data was by way of telephonic interviews, musical composition secondary data stash away was by way of textbooks,newspapers and Internet. INDEX Sr.NoTopicsPage No 1Research Methodology 1 2Literature...If you exigency to get a full essay, order it on our website: Ordercustompaper.com

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