E-Recruitment in the Banking Industry: Lloyds TSB, and Indian Bank ICICI - Dissertation Example

The author is going to investigate the topic of E-Recruitment in the banking industry, in today’s modern society technology has adapted significantly over the centuries, and with most companies moving to online recruitment the author saw this as a potential area to look into deep to gain a better understanding. The companies that will be looked at are Lloyds TSB one of the biggest financial services providers in the UK and its subsidiary in India ICICI which is India’s largest financial service provider.

This chapter presents and assesses the key areas of literature that are to be used to gain an introduction to the surrounding areas of the project title. The main literature lies in academic journals, books, and articles concerning E-Recruitment, Lloyds TSB, and ICICI Bank. This will lead to further study of the factors affecting Lloyds TSB and ICICI Bank’s E-Recruitment.As most banks have increasingly used Internet tools to ensure effective and competitive recruitment of the best people within the industry, e-recruitment has exploded in the human resource scene of most banks during the past decade.

Recruitment is one of the most critical processes within the human resource function since it enables the banks to have access to talents and enables the banks to attract and select highly qualified and competitive employees to join the team (Mondy and Noe, 2008; Feldman and Klaas, 2002:32). The Internet explosion and the high trend towards the use of the digital environment have also shifted the practice of employee recruitment into the online environment.Poorangi, Razavi, and Rahmani (2011:74) defined e-recruitment as the use of information technology in the recruitment process.

Not only does it speed up the recruitment process but also improves the overall quality of the banks’ recruitment services. Barber (2006:1) refers to it as online recruitment, web-based recruitment, or Internet recruitment. Currently, a wide array of organizations has e-recruitment portals on their websites, or they conduct online recruitment through online job boards. Research done by the Institute of Employment Studies (Barber, 2006:3) showed that most organizations use some form of online recruiting with most of them allowing applicants to apply for the jobs through corporate career sites.

This research also projected that the only form of recruitment in the next decade would be through e-recruitment as more ways of making recruitment more efficient are developed.With increased efficiencies and competitiveness in the way that organizations acquire talented employees, e-recruitment practices between organizations differ in various ways. This is based on the kind of employees sought, the type of organization, and the cultural aspect of the targeted population. Therefore, e-recruitment is a process of hiring employees through Internet-enabled online electronic systems such as websites.

To use e-recruitment, it is important to have a system for administering the hiring process and enable targeted applicants to submit their details electronically (Elkington, 2005). Thus, e-recruitment involves the application of various electronic mediums such as websites, the Internet, and online recruitment systems to hire employees in an organization.