Project Synopsis Submission Details bttp://project-edunxt.smude.edu.in/print.php?synopsisld=108340 SUBMISSION OF PROJECT SYNOPSIS & GUIDE ACCEPTANCE FORM |. Student Details Name Roll Number Name of program Session Year Semester Specialisation Ul, Project Synopsis Details Title of the project Introduction and Objectives of the study Problem Statement (including Literature Review) 1of3 (To be submitted to the project steering comittee) PARTA: Synopsis Registration Vini Bansal ' 1608005165 MBA_1608 Fall 2017 Semester Il HRM405S-201708-DE A study on competency mapping with special reference to HDFC Standard Life Today organizations are all talking in terms of competence. Gone are the days when people used to talk in terms of skill sets, which would make their organizations competitive, Now they believe in excelling and not competing. ‘And what other way than to develop the people, for human resource is the most valuable resource any organization has. Organizations of the future will have to rely more on their competent employees than any other resource. Itis ‘a major factor that determines the success of an organization. Competencies are the inner tools for motivating employees, directing systems and processes and guiding the business towards common goals that allow the organizations to increase its value. | have the following objectives » How competency mapping impact on employee retention strategy + To assess and find out the overall service and quality performance of HDFC standard life insurance towards their employees. + To know in which service quality performance dimension the company is performing well and in which dimension it needs improvement. + To know employees requirements or expectation from company. |.am trying to focus inthis project report about the importance of competency ‘mapping, how its impact on quality of work life in an organization. We are laying to focus about various challenges in our insurance industries quality of life. | have chosen the HDFC standard life for this research report, We will focus on the various challenges like given below. Retention is a systematic effort by employers to create and foster an environment that encourages Current employees to remain employed by having policies and practices in Place that address their diverse needs. A strong retention strategy becomes a Powerful recruitment tool, Retention of key employees is critical to the long- term health and success of any organization. itis a known fact that retaining your best employees ensures customer satisfaction, increased product sales, satisfied colleagues and reporting staf, effective succession planning and deeply embedded organizational knowledge and learning. Following are the main problems that we have to Fix - What does it cost an organization when a 10/30/2017. 10-36 Ans