An Assessment of the Recruitment and Selection Strategies Used in Opsonin Pharma Limited

Abstract

This is an exploratory study. An Assessment of the Recruitment and Selection Strategies Used in Opsonin Pharma Limited. The objectives of the study are to assess and evaluate its existing recruitment and selection methods and provide some suggestions that can help Opsonin Pharma Ltd. (OPL) in future for utilizing human resources as a distinctive competency. OPL is one of the top listed pharmaceutical companies in Bangladesh, which needs a large number of qualified, high potential and committed staff to attain the organization’s goals effectively. Recruitment highlights each applicant’s skills, talents and experience and selection involves developing a list of qualified candidates, defining a selection strategy, identifying qualified candidates, thoroughly evaluating qualified candidates and selecting the most qualified candidate. Semi structure questionnaire is used for the study. The sample size was 30 employees. 25 employees (Managers, Area Managers, Regional Managers, Sr. Executives, Executives, Officers) of Sales Department & 5 employees from HRD. The result of the study shows that in OPL, employees prefer both internal as well as external source for recruitment and selection. It is also found that preliminary screening is not occurred in case of direct recruitment and sample employee’s comprehensive interview is not taken by the sales department as well as HRD. Also HRD is not conducted any comprehensive interview through a panel board for the head-hunted MPOs final selection. Background investigation is not conducted in case of MPOs head-hunting. At the end of the study some suggestions are made to review the recruitment and selection policies of Opsonin Pharma Limited that will lead to higher employee retention and improved organizational performance