Suco Internship Report
Suco Internship Report
CHAPTER - 1
INTRODUCTION
Recruitment is the process of attracting individuals on a timely basis in sufficient
numbers and with appropriate qualification to apply for jobs within appropriate
qualification. The process of searching prospective employees with multidimensional
skills and experience that suits organization strategies is fundamental to the growth of the
organization. And this demands more comprehensive strategic perspective. Right person
to the right job is the basic principle in recruitment and selection. Every organization
should give attention to the selection of its manpower, especially managers. The
operative manpower is equally important and essential for the effective working of any
sector.
A payroll system is software designed to organize all the tasks of the employee payment
and the filing of employee taxes. These tasks can include keeping track of hours,
calculating wages, withholding taxes and deductions, printing and delivering checks and
paying employment taxes to the government. This software always requires very little
input from the employer. The employer is required to input employee wage information
and hours – then the software calculates the information and performs withholdings
automatically. Most payroll software are automatically updated whenever a tax law
changes and will remind employers when to file tax forms.
Kempner writes, “Recruitment forms the first stage in the process which continues with
selection and ceases with the placement of the candidates.”
IMPORTANCE OF RECRUITMENT
Recruitment is one of the most fundamental activities of the HR team. If the recruitment
process is efficient, then
Internal Factors
Organizations have control over the internal factors that affect their recruitment
functions. The internal factors are −
Size of organization
Recruiting policy
Image of organization
Image of job
External Factors
External factors are those that cannot be controlled by an organization. The external
factors that affect the recruitment process include the following −
Demographic factors
Labor market
Unemployment rate
Labor laws
Legal considerations
Competitors
RECRUITMENT PROCESS
Recruitment process is a process of identifying the jobs vacancy, analyzing the job
requirements, reviewing applications, screening, shortlisting and selecting the right
candidate.
To increase the efficiency of hiring, the HR team of an organization should follow the
five best practices.
Recruitment
planning
Evaluation Recruitment
and control strategy
RECRUITMENT
PROCESS
Screening/ Searching of
Shortlisting candidates
A) RECRUITMENT PLANNING
Recruitment planning is the first step of the recruitment process, where the vacant
positions are analyzed and described. It includes job specifications and its nature,
experience, qualifications and skills required for the job, etc.
I) IDENTIFYING VACANCY
The first and foremost process of recruitment plan is identifying the vacancy. This
process begins with receiving the requisition for recruitments from different department
of the organization to the HR Department, which contains −
Number of posts to be filled
Number of positions
Duties and responsibilities to be performed
Qualification and experience required
The immediate products of job analysis are job descriptions and job specifications.
III) JOB DESCRIPTION
Summary of Job
Job Duties
Machines, Materials and Equipment
Process of Supervision
Working Conditions
Health Hazards
IV) JOB SPECIFICATION
Job specification focuses on the specifications of the candidate, whom the HR team is
going to hire. The first step in job specification is preparing the list of all jobs in the
organization and its locations. The second step is to generate the information of each
job.
The main objective of job evaluation is to analyze and determine which job commands
how much pay. There are several methods such as job grading, job classifications, job
ranking, etc., which are involved in job evaluation.
B) RECRUITMENT STRATEGY
Recruitment strategy is the second step of the recruitment process, where a strategy is
prepared for hiring the resources. After completing the preparation of job descriptions
and job specifications, the next step is to decide which strategy to adopt for recruiting
the potential candidates for the organization.
While preparing a recruitment strategy, the HR team considers the following points –
Searching is the process of recruitment where the resources are sourced depending upon
the requirement of the job. After the recruitment strategy is done, the searching of
candidates will be initialized. This process consists of two steps −
Source activation − Once the line manager verifies and permits the existence of
the vacancy, the search for candidates starts.
Selling − Here, the organization selects the media through which the
communication of vacancies reaches the prospective candidates.
Searching involves attracting the job seekers to the vacancies. The sources are broadly
divided into two categories: Internal Sources and External Sources.
INTERNAL SOURCES
EXTERNAL SOURCES
Sources of Recruitment
Promotions Advertisements
Competitors
D) SCREENING / SHORTLISTING
Screening starts after completion of the process of sourcing the candidates. Screening is
the process of filtering the applications of the candidates for further selection process.
Reviewing is the first step of screening candidates. In this process, the resumes of the
candidates are reviewed and checked for the candidates‟ education, work experience,
and overall background matching the requirement of the job
While reviewing the resumes, an HR executive must keep the following points in mind,
to ensure better screening of the potential candidates −
It helps in verifying the candidates, whether they are active and available.
It also helps in giving a quick insight about the candidate‟s attitude, ability to
answer interview questions, and communication skills.
Identifying the top candidates is the final step of screening the resumes/candidates. In
this process, the cream/top layer of resumes is shortlisted, which makes it easy for the
hiring manager to take a decision. This process has the following three outcomes −
Evaluation and control is the last stage in the process of recruitment. In this process, the
effectiveness and the validity of the process and methods are assessed. Recruitment is a
costly process; hence it is important that the performance of the recruitment process is
thoroughly evaluated.
Advertisements cost and other costs incurred in recruitment methods, i.e., agency
fees.
Cost incurred in recruiting suitable candidates for the final selection process
SELECTION
MEANING OF SELECTION
Selection is the process of interviewing the candidates and evaluating their qualities,
which are required for a specific job and then choosing the suitable candidate for the
position.
DEFINITION OF SELECTION
According to Harold Koontz, “Selection is the process of choosing from the candidates,
from within the organization or from outside, the most suitable person for the current
position or for the future positions.”
SELECTION PROCESS
iv) Employment Tests: Before an organization decides a suitable job for any individual,
they have to gauge their talents and skills. This is done through various employment
tests like intelligence tests, aptitude tests, proficiency tests, personality tests etc.
v) Employment Interview: The next step in the selection process is the employee
interview. Employment interviews are done to identify a candidate‟s skill set and ability
to work in an organization in detail.
vi) Checking References: The person who gives the reference of a potential employee is
also a very important source of information. The referee can provide info about the
person‟s capabilities, experience in the previous companies
and leadership and managerial skills. The information provided by the referee is meant
to kept confidential with the HR department.
vii) Medical Examination: The medical exam is also a very important step in the
selection process. Medical exams help the employers know if any of the potential
candidates are physically and mentally fit to perform their duties in their jobs.
viii) Final Selection and Appointment Letter:This is the final step in the selection
process. After the candidate has successfully passed all written tests, interviews and
PAYROLL MANAGEMENT
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), the researcher describe a
series of recruitment and selection “best practices.”
Dora, S (2013)states that recruitment and selection experiences are part of a process of
pre-entry organizational socialization, also known as anticipatory socialization. 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.
Esha Mehta (2016) in her article studies the various HRM software used by public
sector and private sector banks and to provide some suggestions. It stated that each firm
must have distinguishing Human Resource Management Software that represents core
competencies required for the survival and sustainability of that particular organization.
Best for one firm may not be best for other. Better management of HRM Software has
been felt like vital in recent years than before.
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.
Ms. Karthiga (2015) conducted a research on the topic “Recruitment and Selection
Process at Sevak bank”. The main objective of the study is to assess the perception of the
employees regarding recruitment process they have undergone. The data analysis of 100
respondents was done by chi- square test and anova. By using this surveythe researcher
could identify the recruiting modules conducted in the organization.
Arjun v. Singh (2014) in his article states that payroll system is planned database, which
stores all information pertinent to personnel allowances, deductions, taxes and net pay.
Features of the planned system are: importing attendance from biometric machine.
Recruitment and selection are the most critical and significant human resources function,
unless the organization has the best available employees, it will not be able to grow and
flourish in the market. Recruiting staff is a very costly exercise. It is also an essential
part of any business and it pays to do it properly. It has been observed that the
performance output of employees of SUCO Bank is of prime concern to management of
Bank as it affects productivity and the development of the bank.
Similarly, Payment is something that must be done accurately and consistently. If not
done correctly, the negative repercussions can have lasting effects. Investing in
automated software is a sensible choice. Not only do they reduce errors, save time, and
improve compliance, but they also help organizations maintain control over employee
processes. As some of the officers are not able to sustain long,improve and in turn resign
leading to employee turnover and this affects the bank in terms of cost and productivity.
The study identified and assessed the effectiveness of the recruitment and selection
practices and procedures of SUCO Bank and the payroll management adopted for the
same.
In every organization employees are the greatest assets. As the study is with reference to
SUCO Bank which is currently booming in the present market so its eye catching for the
job seekers. And it is estimated that in another 2 years it will multiply its branches in
various other locations hence there is obvious requirement of human resources. In this
context, study is conducted to know the ongoing recruitment, selection and payroll
management practices being practiced in the bank for choosing a right person to a right
job at the right time.
This study is mainly conducted in Ballari with reference to SUCO Bank and its
branches; hence the scope is limited based on the opinion of selected officers in the
bank.
The project is restricted to SUCO Bank and its branches of Ballari city hence the
result of other places cannot be derived.
The time period of the study was only one month; this doesn‟t unfold a complete
clear picture in comparison to the study based on long run.
CHAPTER - 2
A few other banks that were established in the 19th century, such as Allahabad Bank
(Est. 1865) and Punjab National Bank (Est. 1894), have survived the test of time and
exist even today.
Some other banks like the Bank of Bengal, Bank of Madras, and Bank of Bombay -
established in the early to mid-1800s - were merged as one to become the Imperial Bank,
which later became the State Bank of India.
In the early to mid-2000s, two other banks, Kotak Mahindra Bank (2001) and Yes Bank
(2004), received their licenses. IDFC and Bandhan banks were also given licenses in
2013-14.
Foreign banks like Citibank, HSBC and Bank of America set up branches in
India.
RBI and the government treated public and private sector banks equally.
Small finance banks were permitted to set up their branches throughout India.
Examples of these banks are Ujjivan Financial Services Pvt Ltd in Bangalore and Equitas
Holdings Pvt Ltd in Chennai.
An example of a payment bank in India is Airtel Payments Bank, set up by Bharti Airtel.
Such banks also have a major role to play in the evolution of e-banking in India as they
offer online payment solutions like mobile payment apps.
COOPERATIVE BANKS
A co-operative bank is a financial entity which belongs to its members, who are at the
same time the owners and the customers of their banks. Co- operative banks are often
crested by persons belonging to the same local or professional community or sharing a
common interest. Co-operative banks provide their members with wide range of banking
and financial services (loans, deposits etc). They are registered under the Co- operative
Societies Act, 1912 and governed by the banking regulations act 1949 and Banking Laws
(Co-operative Societies) Act 1965.
It aimed at concentrating the efforts in releasing the exploited classes out of the clutches
of the money lenders. Keeping this as one of the objective co-operative credit societies
were formed under Co-operative Societies Act of 1904. These are also formed to
encourage and promote thrift and mutual help for the development of persons of small
means such as agriculturists, artisans and other sections of the society. These perform
main banking functions and are functionally specialist in agriculture related products.
However they now provide housing loans as well. UCBs provide working capital loans
and term loans as well. Co- operative banks do banking business mainly in agricultural
and rural sector. However UCBs, SCBs and CCBs operate in semi-urban, urban and
metropolitan areas also.
SUCO Bank started in a taluk center of Raichur district; Sindhanur in 1995 as Sindhanur
Urban Co-operative Bank under the leadership of Mr. ManoharMaski. Soon the Bank
became popular as SUCO Bank; hence Bank changed its registered name itself to SUCO
Bank. The team of SUCO Bank draws the inspiration to start the Bank from the success
of Janatha Bazar, Sindhanur. SUCO Bank started in computerized and air conditioned
environment from day one. Today it may be a common phenomenon in banking sector
but in 1995 it was a drastic step from Team SUCO Bank. Even today SUCO Bank is a
pioneer in banking sector.
In 2001 SUCO Bank became the first Co-operative institution to be registered under
SouhardaSahakariAct.SUCO Bank is the first co-operative bank in Karnataka, which has
entered the ATM network in the country by launching the RuPayCard.SUCO Bank is a
Pioneer Bank in the Aadhar Payment System in Karnataka, which includes SMS, and
H2H Fund Transfer. SUCO Bank is the first co-operative bank to introduce the third
benefit to the employees – Future Protection Plan Scheme. SUCO Bank‟s
implementation of the concept of „All Are Officers‟ has improved the loyalty of our
employees considerably.
SUCO Bank is the only Bank in Karnataka to acquire three co-operative Banks, namely
Mahila Shakti Co-operative Bank, Bellary, Vardhaman Co-operative Bank, Hubli and
ShranabasaveshwaraPattanaSahakari Bank, Karatagi. This has vastly increased our
service network.SUCO Bank is the first co-operative bank to be endorsed by a brand
ambassador – Mrs.
AnuPrabhakar, Kannada film actress, in 2005.
BANK OBJECTIVES
The following shall be the aims and objectives of the Bank.
1. To promote thrift, self-help and cooperative values among the members and depositors
of the Bank;
2. To conduct banking transactions in accordance with Banking Regulation Act, 1949
(as applicable to cooperative institutions);
3. To formulate schemes and extend financial assistance for the uplift of the members,
economically weaker and backward section of society and to improve the status of
women;
4. To extend various types of loans to members to suit their necessities;
5. To possess sites and buildings for the purpose of carrying out banking business,
constructing buildings, renovating, repairing, altering and take up other works;
6. To open branches, sub-branches, payment offices or office called by whatever name,
if necessary, by obtaining prior permission from the Reserve Bank of India and to
formulate rules regarding their operation;
7. To issue all sorts of bonds, hundis, certificates, drafts, warrants, share certificates and
other deeds, accepting, purchasing and selling them;
8. To invest surplus resources of the bank in accordance with the laws governing
banking transactions;
9. Conducting transactions not prohibited by the Reserve Bank of India, for example,
safety lockers, sale of insurance policies etc.
To issue credit, debit and ATM cards;
To provide new services to customers and members by adopting technology – i.e., to
offer mobile banking and internet banking services;
To appoint business representatives and agents, if required, with the prior
permission of the Reserve Bank of India.
Board/ Chairman
Managing Director
Secretary to Board
CRO
Branch Credit
Manager officer
Recovery
Manager
Casher Counter
LOCATION MATRIX
Location Address Phone number Email ID
BresthwarpetRaichur.
Koppal Pld Complex, BasaveshwaraCircle, 08539/221541/221
Hospet Road, Koppal-583231 542 [email protected]
Branch
Bellary
Vasavi Cmc No 7-5-279/1,Lvd College 08532-240034
[email protected]
Nagar Road, Near Sri Krishna Temple
(Raichur) Jawahar Nagar, Raichur-584101
Lingasugur Cmc No:2-14-37 & 2-14-38, 08537-258011
[email protected]
Ground Floor, KuppeRao
Complex, Ward No 13, Opp:
Veternity Hospital,
GadiyaraChowk,Lingsugur
Keshwapur Harihanth Plaza Kusugal Road 0836-
[email protected]
Hubli 2356588/2356577
Mundagari SannaBasavarajKalawadComplex,
[email protected]
W No 18, Tmc No 3132 D/72 &
3132 D/73,
GadagRoad,Mundaragi-582118
Channagiri MarulaSiddeshwara Complex,
[email protected]
Ward No 7,Asst No
2650,Channagiri-577213
Kudligi No 1g/65,Ward No 1,Gundappa
[email protected]
Kakkuppi Complex,Kudligi-
583135
Haveri C/O M Ramesh Shopping
Complex,Plot No 30 K, Rsn [email protected]
Board
HR
Cluster Manager
Branch Manager
The HR collects the information from cluster manager regarding the need for recruitment
and communicates the same to board secretary. This is then discussed in the board
meeting and approved by the board members in order to begin the recruitment process.
The selection committee includes the following persons as its members;
Cooperative President – President
One of the Cooperative Directors – Member
United Cooperative representative – Member
An External Expert – Member
Chief Executive/ Managing Director – Member secretary
Minimum required quorum for the Committee meeting shall be 3
Human Resources Selection committee shall have the authority to recruit essential staff
of the bank. This committee shall work under the limitations of Federal co-operative or
Regulatory institutions/ Law from time to time. During recruitment, the committee shall
adhere to the following rules.
CHAPTER – 3
RESEARCH METHODOLOGY
RESEARCH
Research is a careful and detailed study into a specific problem, concern or issue using
the scientific method
MEHTODOLOGY
Methodology is defined as particular procedure or set of procedure, an analysis of
principle of procedure of particular field.
Research methodology is a way of explaining how to carry out the research. It‟s a
logical, systematic plan to resolve a research problem. A methodology details a
researcher‟s approach to the research to ensure reliable, valid results that address their
aims and objectives. It encompasses what data to collect and where from, as well as how
it‟s being collected and analyzed. The purpose of the methodology is to describe the
research procedure. This includes overall research design, the sampling procedure, the
data collection method and the data analysis procedure.
The research design is the set of method and procedures used in collecting and analyzing
measures of the variables specified in the problem research. The research design is
descriptive in nature. Adopting descriptive research method, for this purpose both
primary and secondary data are collected through questionnaire, personal interview and
broachers, website respectively based on the objectives of the study.
The simple random sampling technique is adopted in selection of the sample units or
respondents. The simple random sampling is a sample method in which every element in
the population has an equal chance of being selected.
CHAPTER – 4
4.1 DATA ANALYSIS AND INTERPRETATOIN
1. Age of Respondents
Age
12%
4%
42%
18 - 27 years
28 - 37 years
42%
38 - 47 years
Above 47 years
INTERPRETATION:
From the above table and graph it is observed that majority of respondents are in the age
group of 18-27 and 28 to 37 years comprising 84% of total officers count.
2. Gender of Respondents
Male 26 62
Female 24 38
TOTAL 50 100
Gender distribution
0%
INTERPRETATION:
From the above table and graph it is clear that 62% of the total respondents are male
while 38% are female. This clearly shows that there are slightly more male respondents
than female respondents.
3. Since how many years have you been working in SUCO Bank?
Working Years
16%
0 - 2 yrears
8% 42%
3 - 5 years
6 - 8 years
34%
INTERPRETATION:
By analyzing the above data, it can be said that 42% of the respondents have been
working with the bank between 0-2 years, while 34% of the respondents spent 3 – 5
years at the bank and only 8% respondents spent 6 – 8 years at the bank. This shows that
majority of respondents had spent at least a year to five years at the bank.
4. Does the bank clearly define job role, duties and responsibilities and candidate‟s
specification in the recruitment process?
Yes 43 86
No 7 14
TOTAL 50 100
Yes
86%
No
INTERPRETATION:
From the above table and graph, majority of 86% respondents answered in the
affirmative that the bank clearly defines job role, duties and responsibilities and
candidate‟s specification in the recruitment process while 14% are not satisfied with the
job information provided during advertisement.
Yes 46 92
No 4 8
TOTAL 50 100
Yes
92%
No
INTERPRETATION:
From the above table and graph it is understood that majority of 92% respondents agreed
with the fact that the bank carries timely recruitment and selection process without any
delay so as to not hinder the functioning of activities.
External sources 42 84
Internal sources 8 16
TOTAL 50 100
Sources of recruitment
16%
External
84% Internal
INTERPRETATION:
From the above table and graph 42 respondents answered that they were hired through
external sources of recruitment constituting 84% compared to internal sources of
recruitment. And only 16% of the total respondents were hired through internal sources.
7. How would you rate the HR department‟s performance in recruitment and selection?
HR Departments' performance
0% 0%
10%
52% Poor
38%
Adquate
Good
Very good
Excellent
INTERPRETATION:
From the above table and graph, 52% respondents are moderately satisfied and
remaining 48%
(38% + 10%) of respondents are highly satisfied with HR departments‟ performance.
8. How did you got to know that there is vacancy at SUCO Bank?
Newspapers 19 38
Website 19 38
Reference 11 2
Job portals 1 2
TOTAL 50 100
INTERPRETATION:
The above table and graph indicates that 38% of officers came to know about the job
opportunity through newspapers and websites accounts to be 38%. Whereas the
information provided through reference and job portals is 22% and 8% respectively.
Feasibility of vacancy
information
6% 0% 8%
34% Poor
Adquate
Good
Very good
52% Excellent
INTERPRETATION:
It can be analyzed from the above table and graph that 52% of total respondents have
answered the feasibility of vacancy information is good and only 6% respondents are
completely satisfied.
10. What type of interview had you been through pre- pandemic?
Panel interview 39 78
Virtual interview 4 8
Telephonic interview 1 2
TOTAL 50 100
INTERPRETATION:
From the above tabular and graphical representation it can interpreted that maximum
(78%) respondents have been interviewed through panel interview method while all
other methods share approximately more than a quarter percentage.
Virtual interview
Telephonic interview
34%
All the above
INTERPRETATION:
The conclusion can be drawn from the above table and graph that post- pandemic only
52% of respondents interviews are taken up by panel method whereas the 34% of
respondents are interviewed through virtual method via various video conferencing
solutions.
Effectiveness of interview
technique
20% 0% 2% 16%
Poor
Adquate
Good
Very good
Excellent
62%
INTERPRETATION:
From the above table and graph it can be interpreted that more than half of the
respondents have positively responded towards the effectiveness of interview technique.
And 20% respondents are highly satisfied.
TOTAL 50 100
INTERPRETATION:
From the above data acquired from the respondents, the bank is using 76% automated
payroll system and 24% manual system for payroll process.
Yes 32 64
No 18 36
TOTAL 50 100
64%
Yes
No
INTERPRETATION:
From the above table and graph, 32 respondents constituting 64% has responded that the
payroll system is transparent to the officers while only 36% respondents think that it is
not transparent.
15. Does bank resolves the grievances with regards to payroll system?
Yes 45 90
No 5 10
TOTAL 50 100
90% Yes
No
INTERPRETATION:
The tabular and graphical representation shows that 90% of the respondents agree to the
fact that the bank resolves the grievances with respect to the payroll system while only
10% of the respondents do not find it up to the mark.
Yes 50 100
No 0 0
TOTAL 50 100
Yes
No
100%
INTERPRETATION:
In data drawn from above analysis it is observed that all officers receive their salary on-
time or with-in time leaving the officers 100% satisfied.
INTERPRETATION:
The above table and graphdepicts that 12% of respondents strongly agree that the KEKA
Software is user friendly with 84% of respondents who agree for the same.
Yes 43 86
No 7 14
TOTAL 50 100
Yes
86% No
INTERPRETATION:
From the above table and graph it is clear that 86% of respondents find Quixy software
feasible to use where as 14% respondent find is difficult to use.
19. Pay and compensation package is adequate and fair in comparison to performance?
Disagree
Neutral
Agree
84%
Strongly agree
INTERPRETATION:
By tabulating and by graphical representation it can interpreted that 84% of the
respondents agree and 2% strongly agree that the pay and compensation package is
adequate with the performance.
Yes 46 92
No 4 8
TOTAL 50 100
Yes
No
92%
INTERPRETATION:
The above table and graph indicates that 92% of respondents believe that leave and
absence are properly monitored.
CHAPTER -5
5.1 FINDINGS FROM THE STUDY
As per the survey, the majority of the officers are between the age group of 18 to
37 years.
The ratio of male officers is more when compared to female employees.
Majority of the employees have less then 5years of experience.
More than half of the vacancy information is proclaimed through newspapers and
websites.
Majority of respondents are happy with the job appointment information
regarding interview date, time and mode of interview.
The main reason for prospective officers being attracted towards jobs in SUCO
Bank is because of the goodwill, work culture and ethics they follow in the bank.
As per the stated HR policies, the concept of employer and employee is replaced,
wherein all the people working here are termed as “officers” to create a sense of
belongingness
It was observed that the recruitment and selection procedures for all candidates
are similar except for the top level management positions.
From the data collected through questionnaire it can be analyzed that the bank
opts for more external sources of recruitment than the internal recruitment.
Out of the survey done I have found that the vacancy information which is
advertised through newspapers and websites is not so feasible in reaching out the
job seekers.
The respondents opined that virtual mode of interview for recruiting candidates is
preferred more post pandemic in comparison to pre- pandemic.
By interacting with the employees I have known that the environment during
interviews is very pleasant, the interview questions asked were relevant to the job
role and duration for each candidate ranges from 10 to 20 minutes.
The bank has adopted automated payroll system wherein KEKA and QUIXY are
the two HRMS ( HUMAN RESOURCE MANAGEMENT SOFTWARE)
It can be interpreted that the respondents are moderately satisfied yet HR
department performs its functions quite well as there are zero negative responses
5.3 CONCLUSION
The recruitment and selection process is the time where the recruiter do not only identify
candidate who has experience and attitude to do the job that the bank is looking to fill but
also to find someone who shares and endorses bank‟s core values. The candidates need
to fit in well. The recruitment and selection process manifest bank with the employee
who adapts to work for productivity and with others in the bank. The HR must however
look over the accessibility of payroll software. Hence the effective recruitment and
selection process, proper payroll management reduces employee turnover and cost to the
company.
In conclusion, the officers of SUCO Bank are satisfied with the current recruitment,
selection and payroll management process and are well aware of various deductions,
sources and procedure of recruitment and selection adopted.
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https://sucobank.com
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https://www.cloudpay.com/resources/the-importance-of-partnership-between-hr-and-payroll
https://www.academia.edu/33581505/A_Review_of_Computerized_Payroll_System
ANEXXURE
QUESTIONNAIRE
I am SABA FARHAT, a final year MBA 4th semester student from ALLUM
KARIBASAPPA INSTITUTE OF MANAGEMENT. This information is required for
the successful completion of my project “A STUDY ON RECRUITMENT AND
SELECTION PROCESS, PAYROLL MANAGEMENT with special reference to SUCO
BANK, BALLARI”. I request you to kindly fill the questionnaire.
Thank you.
RESPONDENT’S INFORMATION:
1) Name:
2) Employee code:
3) Age:
a) 18 -27 years
b) 28 – 37 years
c) 38 – 47 years
d) Above 47 years
4) Gender: Male: Female:
5) Job role:
6) Since how many years have you been working in SUCO BANK?
a) 0-2 Y
b) 3-5 Y
c) 6-8 Y
d) More than 8Y
7) Does the bank clearly define the position‟s objectives, requirements and
candidate‟s specification in the recruitment process?
a) Yes
b) No
8) Is the bank doing timely recruitment and selection process?
a) Yes
b) No