Improving Hiring at IDFC First Bank with PMaps Assessments

Learn how PMaps teamed up with IDFC First Bank to upgrade their hiring strategies in this detailed PDF. Since January 2023, they've tackled recruitment challenges like skill shortages and high staff turnover through specialized Job-Fit Assessments. Explore how PMaps' tailored assessments focus on key skills and thinking abilities, boosting the bank's ability to hire the right people. This case study also shows the benefits of these changes, such as better hiring speed, adherence to rules, and improved quality of new hires, highlighting the importance of smart hiring for long-term business success in the banking industry.
https://www.pmapstest.com/case-study/idfc-first-bank-case-study

1. Hiring Success at IDFC
First Bank with PMaps
Assessments
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2. Introduction
Explore how PMaps and IDFC First Bank
revolutionized recruitment strategies to achieve
precision in hiring and improve retention through
tailored Job-Fit Assessments since January 2023.

3. Challenges in
Hiring
IDFC faced challenges like skill gaps in
communication, inefficient hiring processes, high
turnover rates, and stringent compliance needs in
the banking sector.

4. PMaps' Strategic
Intervention
PMaps introduced customized Job-Fit
Assessments focusing on essential competencies
and cognitive abilities to meet IDFC's specific role
requirements.

5. Assessment
Techniques
The PMaps eVA assessment evaluates candidates'
real-time response capabilities to audio queries,
testing fluency, comprehension, and
communication skills.

6. Results Achieved
Implementation led to 88% precision in hiring high
scorers, 68% accuracy in differentiating candidate
competencies, and predicted a 71% retention rate
for competent hires.

7. Impact and Benefits
Automated and standardized hiring processes
enhanced recruitment efficiency, compliance, and
quality of hires, reducing biases and turnover.

8. Future Outlook and
Conclusions
Emphasizes the importance of precise, predictive
hiring methods for sustained organizational
success and competitive advantage in the banking

9. Thank You
For Your Attention
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