76394753-HR-Policy (1)
-
Upload
amit-himani -
Category
Documents
-
view
220 -
download
0
Transcript of 76394753-HR-Policy (1)
-
8/2/2019 76394753-HR-Policy (1)
1/24
-
8/2/2019 76394753-HR-Policy (1)
2/24
TATA AIG INSURANCE COMPANY
Tata AIG Insurance Solutions is one of the leading insurancecompanies that provide both life insurance as well as general insurance.
Joint collaboration between the American International Group, Inc.
(AIG) and Tata Group.
They own the company in the ratio of 26:74.
It is a leading financial institution that has carved a niche for itself all
over the world.
-
8/2/2019 76394753-HR-Policy (1)
3/24
TATA AIG GENERAL INSURANCE
COMPANY Tata AIG General Insurance Company started
its operations in India on January 22, 2001,
Gaurav D. Garg is the Managing Director& CEO, Tata AIG General Insurance
Co. Ltd.
-
8/2/2019 76394753-HR-Policy (1)
4/24
TATA AIG LIFE INSURANCE COMPANY
Tata AIG Life Insurance Company waslicensed to operate in India on February 12,2001 and started operations on April 1, 2001.
Mr. Suresh Mahalingam, (M. Suresh) , MD,
Tata AIG Life Insurance Company.
-
8/2/2019 76394753-HR-Policy (1)
5/24
Human Resource Policies
Human resource policies are systems of codifieddecisions, established by an organization, tosupport administrative personnel functions,performance management, employee relationsand resource planning.
-
8/2/2019 76394753-HR-Policy (1)
6/24
Organizational Structure of
TATA AIG
CEO
4 Zonal Heads( EastWest, North, South)
Regional Head
Area or Cluster Manager
Branch Managers
Unit Manager
Financial Advisors
-
8/2/2019 76394753-HR-Policy (1)
7/24
Functions of the HR
Department of TATA AIG
Recruitment and Selection
Induction
Competence Development
Providing compensation and otheremployee benefits
Performance Management
Talent and Career Management
-
8/2/2019 76394753-HR-Policy (1)
8/24
Sources of Recruitment
Placement Agencies and Consultants
Campus Recruitments
Off-campus Recruitments
Internal Job Postings
Promotions(existing employees)
Moving across verticals(existing employees)
-
8/2/2019 76394753-HR-Policy (1)
9/24
Selection Process
There is a screening process based on theresumes of applicants followed by groupdiscussion and personal interview.
-
8/2/2019 76394753-HR-Policy (1)
10/24
Types of Employees
TATA AIG has both permanent employees aswell employees on contract basis.
Both are on company pay rolls. Company employs financial advisors who are
not on company pay roll but work oncommission basis.
-
8/2/2019 76394753-HR-Policy (1)
11/24
Career Options at TATA AIG
Sales & Distribution Customer Service
Branch and Centralized Operations
Underwriting & Actuarial Functions Claims
IT
Marketing & Communications
Finance & Accounts / Legal
Human Resources and Training & Development
-
8/2/2019 76394753-HR-Policy (1)
12/24
Compensation of Employees Basic- 30% of annual salary
Bonus(yearly)
HRA Medical Allowance
Conveyance Allowance
Other Allowance(Food, mobile phone bills, etc.)
-
8/2/2019 76394753-HR-Policy (1)
13/24
Benefits apart from salary
Mediclaim
Superannuation benefits
Performance bonus
Incentives
-
8/2/2019 76394753-HR-Policy (1)
14/24
Measuring Employee
Performance Goal Sheet
Target Achievement
Quality of work
Ethics used in target achievement
Customer satisfaction
-
8/2/2019 76394753-HR-Policy (1)
15/24
Training and Development of
Employees
Company conducts on-the-job training(OJT) programs for itsemployees.
Functional programs- for expertise in respective domain.
Talent Acceleration programs- improving soft skills
Eligibility Criteria: voluntarily by self nomination or whennominated by the branch managers.
Duration: Monthly or Quarterly or Weekly depending upon
product and requirement. E-learning courses and Insurance Institute of India courses.
Career progression programmes
Leadership Development ladder
-
8/2/2019 76394753-HR-Policy (1)
16/24
Motivating Employees
Motivational training programmes
Providing Incentives
Recognition to employees Providing sponsored holidays for employees
and their family
Helping them in converting a prospect into asale.
-
8/2/2019 76394753-HR-Policy (1)
17/24
Special Motivational
Programmes Friday Movie Mania
Recharge zone
Sports Club
Annual Theme Party
Celebration Week
Town Hall
World of Work(WOW)
-
8/2/2019 76394753-HR-Policy (1)
18/24
Rewards and Recognition for
employees
The Success Matrix is a programme where theyrecognize the performance and contribution ofemployees through timely measures. This was
inspired by the mythological theme of GreekGods combined with the blockbuster "TheMatrix. consists of three categories for recognizing
Individuals, Teams on a Monthly, Quarterly & Annualbasis as well as SPOT Recognition.
recipients are acknowledged for their contributionthough Awards and citations displayed on the "Wall ofFame" at all the branches.
-
8/2/2019 76394753-HR-Policy (1)
19/24
Grievance Redressal
There is no proper grievance cell but theyhave a Disputes Settlement Departmentwithin the organization which looks aftersettling issues among employees or anycomplaints of the employees.
-
8/2/2019 76394753-HR-Policy (1)
20/24
Employee Health and Safety
Measures
Fire Alarms and Extinguishers
Sprinklers
First-aid boxes Mediclaim
Accident benefits
Insurance cover for whole family
-
8/2/2019 76394753-HR-Policy (1)
21/24
Employee Retention Strategy
Career Progression Programmes
Various motivational measures and
programmes for employees as well as theirfamily members.
Performance based appraisal
Performance based work culture
Provides work-life balance
-
8/2/2019 76394753-HR-Policy (1)
22/24
Equal Opportunity Employer
TATA AIG does not discriminatebetween men and women whileemploying people. Men as well as
women are considered equallyeven if a particular job is verychallenging and difficult.
It also provides employment tophysically disabled people.
-
8/2/2019 76394753-HR-Policy (1)
23/24
Conclusion
Tata AIG offers exciting opportunities to learn,contribute and build careers. As a leading name inthe fast-paced insurance industry, they areconstantly growing and are always in search ofbright talent across all levels. The Company'sphilosophy is strongly oriented to developing talentthrough larger and more enriching assignments.
They recognize potential and consistentperformance and their dynamic corporate culturecan be summed up as Work hard, play hard.
-
8/2/2019 76394753-HR-Policy (1)
24/24