Mr.

Fruity
The Recruitment and Selection (Finance Department of Mr. Fruity)

Team Members in Finance Department 1. Aamir Hayat Khan (Leader) 4341-FMS/MBA/Fo9 2. M.Irfan Athar (Coordinator) 3. Adnan Sattar 4. Tahir Mehmood 5. M. Atif Iqbal 6. Ammad u Din Supervisor Muhammad Awais Ejaz Khan (Associate Professor) Faculty of Management Sciences International Islamic University Islamabad
Tuesday, May 15, 2012

Mr. Fruity

Quality is our Royalty

Table of Contents
1. Introduction..... 2. HR Planning.. 3. Job Analysis5 4. Attracting Applicants.. 5. Test... 6. Interview .18 7. Selection.. 8. Offer and Compensation Package

Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

SECTION 01

INTRODUCTION
Mr. Fruity
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Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

Introduction
The Finest Fruits company intends to start its operations in July 2012 Islamabad and will mainly focus on providing fresh and dry fruits to improve the health of every Pakistani. The company is at the start-up stage of business. Due to the busy life style we intend to put much effort on the quality, hygiene, processing, packaging, labeling, and excellent unique delivery of our products to our customers so that everyone appreciates the value of fresh fruits and our services. The Finest Fruits will be selling its products in Islamabad and some sectors of Rawalpindi and then becoming popular in all Cities of Pakistan. The company will get supply of fruits from different cities of Pakistan, but also the company will be purchasing these fruits directly from farmers in various parts of the country with different growing seasons, that may help the company to be assured of the continuous supply of the fresh fruits throughout the year. Basically the target customers are household people and events celebrators living in Islamabad and Rawalpindi both cities are developed and people are living here economically strong and educated, so to invest in the above mentioned cities of Pakistan we expect a good return from our business. As for the board of directors are very necessary for every company, here we will appreciate our investors who would also contribute us in the management of the business, so All key personals, investors, managers, some fruits experts and some consultant will be the part of our board of directors. This Business is highly profitable business, it needs Rs: 33, 00,000, which will be return in ten months of first sale start. We allocate specific budget to each milestone of this plan. The first Profit will be Rs: 1, 51500 after break even (10 months) and after that the net profit ratio will increase dramatically. Thanks Mr. Fruity Team
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Mr. Fruity

Quality is our Royalty

SECTION 02

HR for Mr. Fruitry

Mr. Fruity
Quality is our Royalty

Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

Human Resources Planning for Mr. Fruity

Human Resource has become Human Capital for every organization in this competitive and fast changing era. Mr. Fruity is now going to launch its business in near future and at this time different department have been established to hire the competent people for different posts in each department. 1. Finance Department 2. Marketing Department 3. HR Department 4. IT Department 5. Production Department 6. Logistics Department 7. Packaging Department 8. Software Department 9. International Business Development 10. Administration These departments have been organized and for managing the human resource for different posts in each department this project have been given to HR specialized students of International Islamic University Islamabad.

Finance Department
In every business Finance Department plays very important role and in this scenario Mr. Fruity is very new company to step in market. Posts Assistant Manager for Finance (Middle Level) Executive Analyst for Finance (Lower Level)

Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

SECTION 03

JOB ANALYSIS
Mr. Fruity
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Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

Job description:

collecting, preparing and interpreting reports, budgets, accounts, commentaries and financial statements; undertaking strategic analysis and assisting with strategic planning producing long-term business plans undertaking research into pricing, competitors and factors affecting performance controlling income, cash flow and expenditure managing budgets developing and managing financial systems/models carrying out business modeling and risk assessments supervising staff Liaising with managerial staff and other colleagues.

Job specification 1. Master in Finance 2.Financial or cost management experience would be advantage. 5. Knowledge of cost accounting methods and practices applicable to management of private and federal monies. 6. Comfortable with a team approach to management and the ability to manage several major activities simultaneously. 7. In depth knowledge of financial software applications, databases, spreadsheets, and/or word processing required. Packages include: Microsoft Outlook, Access, Excel and Word plus university-specific accounting & reporting packages. 8. Excellent general management skills particularly in facilitation, team building and coordination. 9. Effective communicator with ability to communicate organizations direction and ability to motivate others with strong, honest leadership. 10. Posses excellent problem solving skills. 11. Public Accounting or financial reporting experience. 12. Experience in the preparation of financial statements, budgets and forecast. 13. Firm foundation in accounting principles and financial reporting standards 16. Demonstrates a leadership and management style that works in cooperation with others who represent a wide range of interests and needs.

Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

SECTION 04

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Mr. Fruity

Quality is our Royalty

ATTRACTING APPLICANTS

Mr. Fruity
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Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

ATTRACTING APPLICANTS During the project of Mr. Fruity applicants were attracted through the post advertisement. Job advertisement was posted on the notice boards in the faculty of Management Sciences. E mail address of the company was also mentioned along with the positions advertised. Interested applicants forwarded their resumes. Hence applicants were attracted. Another source of attracting that was used was of public relations. We used our relations in the university premises as well as outside the university. So, the means that were used for attracting applicants were Job post ad Public relations Advertising

SCREENING There is not always a need for a screening process. In some instances there may be a very small number of candidates for positions and the use of screening technique may be unnecessary. Screening techniques are usually considered not as a mean of improving the selection decision but rather as a mean of refining the volume of applications into a manageable quantity. There are two main views of screening. Screening in Screening out SCREENING IN Screening in approach tries to attempt to draw conclusions about the candidates suitability for the post. SCREENING OUT Screening out school of thought looks for any aspect within the application form that provides an excuse to reject the candidate.

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Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

OUR APPROACH We used the screening in approach to screen the candidates because it is considered positive approach to screen the candidates. While screen out is considered as negative approach.

Main techniques for screening are Application forms CVs Telephone screening Bio data

Our approach to screen the candidates was to screen through CVs. Research has also shown that about 98% of screening is done through CVs. All the CVs were received on the mailing address of the company. It also saved the cost of postage.

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Mr. Fruity

Quality is our Royalty

SECTION 03

TEST
Mr. Fruity
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Mr. Fruity

Quality is our Royalty

Time Allowed: 30 minutes Total Marks: 30 Test for Finance Department Name: _____________________________________ Cell no.:___________________ Email: _________________________________________ Date ____________________ Instructions: Encircle the choice, which in your opinion is the best answer. Please dont overwrite.
Mobile phones are not allowed in the examination venue. Rough work, if required, may be done on the blank sides of this test paper. Separate sheet will not be provided. All the questions are self-explanatory. Do not ask for any clarification.

SECTION: A Select the appropriate answer or write the appropriate answer.

1. How far can man run in 6 minutes if he runs one third as fast as a car going thirty miles per hour? A) 3 miles B) 1 miles C) 60 miles D)1.67 miles E)None

2. Take 90% of 100 and again 90% of its answer then what will be the final answer: A) 80 B) 90 C) 81 D) 79

3. Ten men can paint 30 houses in 60 days, so 5 men can paint 15 houses in ?: A) 30 B)60 C)15 D)120
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4. There is a duck in front of a duck, a duck in the middle of two ducks and a duck behind a Duck , how many ducks are there ?

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Mr. Fruity

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Answer 5. If a plane crashes on the India-Pakistan border, where survivors would be buried .? Answer 6. A car dealer gives a customer a 20 percent discount on the list price of a car, and still gets a profit of 25 percent on his cost. If the dealers cost is Rs. 4800/-, what is the list price of the car? A) 6000 B) 7200 C) 7500 D) 8000 E) None

7. If a student must have a mark of 80% to pass a test of 75 items, the number of items he may miss and still pass the test is A) 30 B) 12 C) 15 D) 20 E) None 8. In schools where 30 percent of the students are boys, 80 percent of the boys are present on a certain day. If 960 boys are present, the total number of students are.. A) 4000 B) 2800 C) 4500 D) 3000 E) None

9. Twenty Percent of 25% of 20 is..? : A) 5 10. Solve it A) 6 B) 4 2+2*2= ? B) 8 C) 2 D) None C) 1 D)

11. Emily is 4 years old. Her big sister Amy is three times as old as Emily. How old will Amy be when she is twice as old as Emily? A) 18 B) 14 C) 22 D) 20 E) None

SECTION: B
1. The present value interest factor (PVIF) is the reciprocal of the future value interest factor (FVIF). 1) True 2) False
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2. If the discount rate decreases, the present value of a given future amount decreases.

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Mr. Fruity

Quality is our Royalty

1) True

2) False

3. For a given nominal interest rate, the more numerous the compounding periods, the less the effective annual interest rate. 1) True 2) False

4. Combining securities that are not perfectly positively correlated helps to reduce the risk of a portfolio. 1) True 2) False

5. The tax advantage that comes from debt financing is of special benefit to a firm that is losing money. 1) True 2) False

6. If you would like to double your money in 8 years, the approximate compound annual return you need is 9 percent (Rule of 72). 1) True 2) False

7. A saving account at Bank A pays 6 percent interest, compounded annually. Bank B's savings account pays 6 percent compounded semiannually. Bank B is paying twice as much interest. 1) True 2) False

8. All other things remaining the same, an annuity received at the beginning of each period has more present value than does one received at the end of each period. 1) True 2) False

9. To increase a given present value, the discount rate should be adjusted. A. B. C. D. Upward Downward True Fred

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10. This type of risk is avoidable through proper diversification.

Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

A. Portfolio risk B. Systematic risk C. Unsystematic risk D. Total risk 11. The greater the beta, the A. B. C. D.

of the security involved.

Greater the unavoidable risk Greater the avoidable risk Less the unavoidable risk Less the avoidable risk

13. According to the Bond Equivalent Yield (BEY) method, the yield on a $1,000, 13week US Treasury bill purchased for $960 would be closest to . A. B. C. D. 16.0 percent 16.7 percent 17.0 percent 17.8 percent

14. To compute the required rate of return for equity in a company using the CAPM, it is necessary to know all of the following EXCEPT: A. B. C. D. The risk-free rate The beta for the firm The earnings for the next time period The market return expected for the time period

15. All of the following are true regarding the cash flow statement except A. Cash outflows are shown in parentheses to indicate that payments must be subtracted B. This statement reports information as of a certain date and therefore, is dated like the balance sheet C. This statement classifies cash transactions as operating, investing, or financing D. This statement explains the causes of the change in the cash balance

16. All of the following are true regarding the operating activity section of the cash flow statement except
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A. It includes cash transactions affecting (non-cash) current asset and current liability accounts

Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

B. A negative cash flow warrants investigation C. The direct or indirect format may be used to present the information D. The direct method includes the sale of assets reporting a gain or a loss

Answer the following questions. (Please be specific)

1. What is free cash flow?

2. If a company's beta were to double, would its expected return double?

3. If investors' aversion to risk increased, would the risk premium on a high-beta stock increase more or less than that on a low-beta stock?

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Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

SECTION 03

INTERVIEW
Mr. Fruity
Quality is our Royalty

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Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

INTERVIEWING The interview is the most popular selection technique. It is the most popular in two senses; it is the technique most frequently used in selection decisions and it is the technique upon which most reliance is placed in formulating the selection decision. INTERVIEW APPROACH There are two approaches used in interviews. 1. Structured Approach 2. Unstructured Approach

STRUCTURED INTERVIEW Structured interview follow a process and all the questions that are to be asked in the interview are designed by the interviewer. Structured interview generally fall into two main types. 1. Situational Interviews 2. Behavioral Interviews

UNSTRUCTURED INTERVIEW Unstructured interviews follow a natural process of dialogue and may involve the interviewer in asking some favorite questions. It may also include questions around the application form or CV.

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Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

OUR APPROACH In the interview we used the structured approach to conduct the interviews. Interview questions include personality questions and finance related questions while behavioral and situational questions were included in the test, which was conducted before the interview. It is estimated that 70% of the questions were about the personality and behavior of the applicant while 30% questions were related to the field of finance.

INTERVIEWING PRINCIPLES Interviewing is not a natural activity. It is usual for an interviewer to be nervous as the candidate, particularly where the interviewer is new to experience. We followed the following principles while conducting the interviews for Mr. Fruity. PREPARATION We were prepared for the interview that we are going to conduct the interviews of the applicants. Also we made all the arrangements to present a professional image to the candidates. It involved the following activities. 1. 2. 3. 4. Thorough reading of CVs. Make sure of no disturbance during interviews Preparation of interview questions. Making sitting arrangements.

WELCOME A proper welcome creates a right atmosphere for the mutual confidence throughout the interview. By saying welcome to the candidates created a friendly relationship between the interviewer and the candidate and candidates were feeling good and comfortable while giving answers during the interview. CONTROL Taking control of the interview is the essential element. Interviewer must take control of the interview. We also control in a good manner. All the information was available to us about the project and the company. So it helped us a lot to control over the candidates as well as conducting interviews effectively.
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Prepared By: Aamir Niazi and Irfan Athar

Mr. Fruity

Quality is our Royalty

CLARIFY It is important to pin down some examples in the candidates answers, because it brings the clarity in the mind of candidate. In the end we give the opportunity to candidates to ask questions about which they have any ambiguity in mind. Most of the candidates asked questions that they wanted to ask and we satisfied them with proper answers. NOTES No one has a perfect memory and note-taking is therefore important. So while taking interviews we noted some points on the CV. They were only notes and comments and it was not attempt to evaluate the candidate during the course of the interview. REVIEW Judging the candidate should not take place until the interview has been completed. When interview was finished we take time to review the evaluation. We did not make assumptions about the candidate during the interview. Moreover when interviews were completed we select the candidates based on their test and interview.

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Mr. Fruity

Quality is our Royalty

SECTION 03

J
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Quality is our Royalty

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Quality is our Royalty

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J
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