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EY - Recruitment and Selection
GROUP - 2
Anushka Agarwal 261127
Apoorv Mittal 261128
Arpit Jain 261129
Askandh Gupta 261130
Anany Chitransh 261131
Ayushi Bidsar 261132
EY - Overview & Jobs Selected
Workforce Overview
EY - Overview & Jobs Selected
Organisational Hierarchy
Positions Selected
Workforce overview
EY Workforce Overview
Hierarchy
Organisational Hierarchy
Band 6 - Analyst/Interns/Associates
Band 5- Associate Consultant/Senior
Band 4 - Consultant/ Senior Consultant/Assistant Manager
Band 3 - Manager, Senior Manager
Band 2 - Associate Director
Band 1 – Partner
Level - 1
Level 1 Employee- Audit Assistant
Job Description
Includes basic audit work such as:
1. Perform preliminary as well as final phase of audits
2. Perform audits in accordance with IFRS and US GAAP
3. Review internal accounting controls
4. Advise on financial reporting requirements
Job Specification
Includes basic qualifications, such as:
1. University degree for under graduation
2. Fluent English essential
3. Computer literacy (MS Office, advanced at Excel) etc.
Senior Level
SENIOR LEVEL - Associate Director
Job Description
1. As compared to the entry level jobs, the position of Associate Director has more managerial work than audit work.
2. He is involved in the planning and object setting up of the workforce under him.
3. Develops communication system etc.
4. More details are in the report.
Job Specification
1. Includes higher level qualifications such as familiarity with higher level systems work.
2. Apart from compulsory professional degree, 5-7 years relevant experience in the industry.
3. Impressive communication and managerial skills.
4. More details are in the report.
Recruitment
Selection, Training & Development
Selection Process
Selection, Training & Development
With respect to positions
Training and Development
Selection Process
Selection Process
Process at both levels
Selection Process - Continued
Training and Development
Training and Development
Compensation Structure
Level 1 Employee
Base Salary: 1,25,714
Cash Bonus: 15,714
Senior Director
Base Salary: 34, 56,368
Cash bonus: 5, 30,990
Compensation, Perks and Leaves
The bonus depends on the ratings: 3 -15% of CTC
4-20% of CTC
5-25% of CTC
(5 being the highest rating)
Leaves
12 - Annual Leaves
18 - Personal Leaves
Annual leaves carry forward to the next year.
Other kinds of leaves
- Bereavement Leave
- Study Leave
- Maternity Leave
- Paternity Leave
Perks
- Cab
- Medical Insurance
- EY Offsite
Perks
Promotions
EY follows the July - June as its financial year. Promotions take place in August.
Promotions
Employees are promoted to one level up in the organisational structure every year.
To become an AM the employee needs to possess minimum eligibility criteria of professional qualification as a CPA, ACCA or CA.
Hierarchy at E&Y
TYPES OF PROMOTIONS AT E&Y
Performance improvement is structured around 3 key service offerings:Finance, Supply chain and Customer
And 4 enabling competencies: Program management, Strategic direction, People, organization and enterprise intelligence.
Performance Appraisal
Customized development maps to gain the skills needed to solve client’s most challenging issues.
As part of employee development, a counselor assigned to each employee to – Decide the highs and lows of workforce in general and the specific employee as well.
Give ratings to the employee on a scale of 1 to 5.
A rating above 3 was a ‘beyond expectation’ rating ocassionally given to an employee.
Give ratings to the employee on a scale of 1 to 5.
Another important aspect of the employee development are the career development conversations.
They challenge the employee to explore individual interests and options and also create meaningful goals- annual and long term.
Easy-to-use feedback systems help improve productivity.
Feedback
A feedback is much more effective if it works both ways, i.e. associates give feedback to their seniors.
Every employee has a ‘My Development Site’ - feedback and growth portal.
At the end of each financial year, each associate gets a feedback on this portal from the senior they have worked with.
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