Total employees-4000

Branches-12
Dynamic environment with ups and downs
25 trading assistants required.
Anticipated needs to be Iilledup owing to market conditions-24
Reserve-5

Manpower planning:
Assumptions:
Consider the stock market is in booming condition but the company expect some incertainty in Iuture as
the HR manager was warned to be cautious and restrain the interview Ior 25 trading assistants.
MFSL is making good proIitsand it`s a Iamous company
Consider the anticipated need is Ior higher level jobs.
Consider that there is competition in market.

The hiring oI 25 employees is Ior lower position or say Ior entry level jobswho are expected to have only
one year oI job experience.There are 28 people ready Ior promotions.But the vacancies are Ior entry
level jobs.So these people cannot be selected.

For the selection oI people Ior current 25 vacancies, interviews are concucted.150 graduates are called
Ior the interview.The minimum eligibility is that oI just 1 year prior experience.
The 24 vacancies which accont Ior 2 vacancies an 12 branches can be Iilled by internal people who are
ready Ior promotion.Using replacement chart the appropriale candidate can be determined.And the
subsequent lower level jobs can be Iilled by external recruitment.We can`t hire candidates Ior higher level
jobs only in the expectation that the need may arise.And iI that is not possible then consulting agencies
can be approached Ior Iilling the vacancies.
Reserve to be kept Ior over and above sanctioned posts::
For higher level jobs you can`t just hire and keep people on bench.So Ior them again replacement charts
can be used.And Ior lower level jobs ,we can keep 2 to 3 people on bench.As we assumed that there is
competition in market,so competitive salary needs to be given to employees Ior retaining them especailly
Ior higher level jobs.