Factors Affecting the Recruitment and Selection Process of Private Commercial Banks in Bangladesh
The Journal of Global Commerce, Vol. 2, Number 4, Fall 2010
8 Pages Posted: 21 Oct 2016
Date Written: 2010
There is a paramount importance of appropriateness in recruitment and selection for the desired performance of the private commercial banks in Bangladesh. It is the determinant of the performance of the banks that leads to the growth and development of the banks in future. However, this aspect of management is often ignored by HRM department of the banks. The directors of the banks are unable to come out from their circles like family, friends, and relatives in recruitment decision. The people involved in the process influence the whole process of recruitment and selection for their personal interest. Candidates’ understanding and mindset for getting jobs sometimes create a kind of force that influences the process. People from the monitoring bank often create pressure on recruitment and selection process. External factors like political, economic, social, and legal also have strong influence on the selection process. As such, this study aims at identifying the factors affecting the recruitment and selection process of private sector commercial banks in Bangladesh. It includes the manpower planning and selection process of the banks that is most prominent and stable sector compared to other industrial sectors of Bangladesh. A number of factors affecting recruitment and selection process of the banks were identified through literature review. Multivariate analysis techniques such as, Factor Analysis and Multiple Regression Analysis were performed to identify the relationships between recruitment and selection process and the factors. Factor Analysis was conducted to identify the factors affecting the recruitment and selection process of the banks. Multiple Regression Analysis was performed to identify the relationship between the factors and recruitment and selection process. Results show that the factors including family pressure of the directors, interference of the people involved in the process, political interference, capability of the interviewer to design the tests, and candidates’ perception regarding the possibility of getting job have significant influence on the recruitment and selection process in the private commercial banks of Bangladesh. It was concluded from the study that the factors affecting recruitment and selection process of the banks are unable to fulfill the gap between the qualifications of the candidates and the job requirements of the banks.
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