Professional Documents
Culture Documents
Bharati Talent MGM
Bharati Talent MGM
1. Introduction………………………………………………………………………...6
3. Research Design………………………………………………………………….18
4. Company Profile………………………………………………………………….20
5. Analysis of Project………………………………………………………………..31
6. Questionnaire Analysis……………………………………………………………51
7. Conclusions…………………………………………………………….…………55
8. Limitations ……………………………………………………………….………56
9. Recommendations…………………………………………….…………………..57
11. Annexure…………………………………………………………………………59
INTRODUCTION
INSURANCE IN INDIA
The insurance sector in India has come a full circle from being an open competitive market to
nationalization and back to a liberalized market again. Tracing the development in the insurance sector
release the 360 degree turn witnessed over a period of almost two centuries.
A BRIEF HISTORY OF THE LIFE INSURANCE SECTOR
INSURANCE SECTOR REFORMS
In 1993, Malhotra committee, headed by former finance secretary and RBI governor R.N Malhotra was
formed to evaluate the Indian insurance industry and recommended its future directions. The Malhotra
committee was set up with the objective of complementing the reforms initiated in the financial sector.
The reforms were aimed at “creating a more efficient and competitive financial system suitable for the
requirements of the economy keeping in mind the structural changes currently underway and
recognizing that insurance is a important part of overall financial system were it was necessary to
address the need for similar reforms…”.In 1994, the committee submitted the report and some of the
key recommendation included:
I) STRUCTURE
Government is stake in the insurance Companies to be brought down to 50%.
Government should take over the holding of GIC and its subsidiaries so that these subsidiaries can act as
Independent Corporation.
All the insurance companies should be given greater freedom to operate
II) COMPETITION
Private companies with a minimum paid up capital of Rs 1bn should be allowed to enter the industry.
No Company should deal in both life and general insurance through a single entity.
Foreign companies may be allowed to enter the industry in collaboration with the domestic companies.
Only one state level life insurance company should be allowed to operate in each state.
Controller of insurance “currently a part from the finance ministry”. Should be made independent.
IV) INVESTMENTS
Mandatory investments of LIC life fund in government security to be reduced from 75% to 50%.
GIC and its subsidiaries are not to hold more than 5%in any company (There current holdings to be
brought down to this level over a period of time).
V) CUSTOMER SERVICE
Computerization of operations and updating of technologies to be carried out in the insurance industry.
The committee emphasized that in order to improve the customer services and increase the coverage of
the insurance industry should be opened up to competition.
But at the same time, the committee felt the need to exercise caution as any failure on the part of new
players could ruin the public confidence in the industry. Hence, it was decide to allow competition in a
limited way stipulating the minimum capital requirement of Rs 100 crores. The committee felt the need
to provide greater autonomy to insurance company in order to improve there performance and enable
them to act as independent companies with economic motives. For this purpose, it had proposed setting
up an independent regulatory body.
Opportunities in Insurance sector
The varieties of constraints put on it by its owner, viz the government, was both a reason as well as an
alibi for the under performance of the nationalized insurance sector. Now that restrictive government
policies are being given up and public sector units are being empowered to make independent decisions,
they should be more free to decide their own grown path. it should also be possible for them to prove
their potential strength by exploiting the tremendous opportunities such as the following – substantial
potential for growth; exploring untapped niche areas; and forming limited joint ventures with suitable
partners .Easy access to developments in the more advanced markets provide further opportunities to
upgrade their working .Technological, financial or specific areas-based avenues of absorbing improved
systems are also now more easily available.
The expectation that private sector entrants would necessarily take time to secure a foothold in
the market was in itself an opportunity. In practice, Insurance undergone rapid and massive changes
in all aspects of their business: product and services, sectoral structure, market segmentation,
competitive environment. It is believed that the information sharing has not taken its expected shape in
the insurance industry for the purposes of practices, research and education. However, data is one of the
most needed ingredients in the insurance business development as well as for research and consultancy.
There have been regular efforts by IRDA for collection and sharing of the data and other information of
public interest. The industry is facing problems in terms of data review as parliament need to register
this beforehand. We believe that progress of the industry should not be constrained by any extraneous
conditions in the interest of research and development in the area.
Manpower India today released the Manpower Employment Outlook Survey for the first quarter of
2008 revealing sustained positive hiring intentions of employers in India. India continues to lead all 23
countries surveyed this quarter, with a positive overall Net Employment Outlook of +27%. Even though
this figure represents a decrease of 13 percentage points from the fourth quarter of 2007, the
employment outlook remains extremely healthy. For the first time since the Survey was launched in
India, the Finance, Insurance and Retail industry sector emerged as the most optimistic sector for a
quarter with a Net Employment Outlook of +32%, surpassing the Services sector.
Privatization of insurance sector has allowed insurance companies to work in the market by depositing
100 crore rupees in the reserve of government. This has encouraged many overseas insurance
companies, having a required amount in their reserve, to open their branch in our country. Introduction
of the sector has changed the employment pattern, but people must know how to make profit from it. To
be in the global market and have advantage of it, capital and skill as per the demand and knowledge of
market is the requirement. It is necessary that institutions, which form a part of this financial system,
have internal management, governance and accountability structures, which measure up to the highest
standards.
Threats in insurance sector
These opportunities will of course be accompanied by some threats in the competitive market, and
maybe of the following nature.
Private entrants are naturally targeting the more profitable and the more lucrative segments,
by providing better service, new products and flexibility .They are targeting the bigger corporate and
other clients in the well established metropolitan centers. These new entrants have succeeded in eating
into share of the existing entities. This share will increase substantially, if not in the immediate future,
but in the long run, if the existing incumbents do not radically alter marketing structure and practices.
No doubt complaints have been voiced that the means followed by atleast some of them been less
than fair.Some of these may well be true, but such practices can produce only short term gains
.Ultimately, the services provided will decide whether the threat of losing the market share will come
true, and in a competitive market, mere complaining does not help.
The competition for critical talent continues to intensify and many companies are re-evaluating their
talent management practices. As private business objectives continue to focus on growth in emerging
and other non-traditional markets and companies search globally for new workforces, the global
mobility function has become a critical tool to develop and deploy key talent. The organizations that
master global talent mobility will dominate markets in the 21st century. In response to this imperative,
the global mobility function must redefine itself from a transaction-based employee service provider to a
strategic and innovative business partner.
THE INSURANCE REGULATORY AND DEVELOPMENT
AUTHORITY (IRDA)
Reforms in the insurance sector were initiated with the passage of the IRDA bill in parliament in
December 1999.The IRDA since it’s incorporation as a statuary body in April 2000 has fastidiously
stuck to its schedule of framing regulation and registering the private sector insurance companies.
The other decisions taken simultaneously to provide the supporting systems to the insurance sector and
in particular the life insurance companies were the launch of IRDA’s online service for issue and
renewal of licenses to agents. The approval of institutions for imparting training to agents has also
insured that the insurance companies would have a trained workforce of trained insurance agents in
place to sell there products, which are expected to introduce by early next year.
Since being setup as an independent statutory body the IRDA has put in a framework of globally
compatible regulations. In the private sector 13 life insurance and 9 general insurance companies have
been registered.
As per the section 4 of IRDA Act' 1999, Insurance Regulatory and Development Authority (IRDA,
which was constituted by an act of parliament) specify the composition of Authority. The Authority is a
ten member team consisting of:-
(a) A Chairman
(b) five whole-time members
(c) four part-time members
Section 14 of IRDA act 1999 lays down the duties, powers and functions of IRDA
Issue to the applicant a certificate of registration, renew, modify, withdraw, suspend or cancel such
registration.
Protection of the interest of the policy holder in matters concerning assigning of policy , nomination
by policy holder , insurable interest , settlement of insurance claim , surrender value of policy and
other terms and conditions of contract of insurance.
Specifying requisite qualifications, code of conduct and practical training for intermediary or insurance
intermediary and agents.
Promoting and regulating professional organization connected with insurance and reinsurance business.
Levying fees and other charges for carrying out the purpose of this Act.
Calling for information from, undertaking inspection of, conducting enquiries and investigation
including audit of insurers, intermediaries, insurance intermediaries and other organizations connected
with insurance business.
Specifying the form and manner in which books of account shall be maintained.
Specifying the percentage of life insurance business and general insurance business to be undertaken by
the insurer in the rural or social sector.
THE INSURANCE SECTOR IN INDIA: ITS POTENTIAL ATTRACTIVENESS
India at a glance
Population: 1 Billion
Economy: 5th largest in the world in terms of Purchasing Power Parity (PPP)
GDP growth Rate: Over 6% per year on an average for the last decade
As is typical with monopolies, the premium rates charged by LIC are among the highest in the world,
and its track record in customer service can, at best, be called shabby. With a huge unionized, rigid
workforce mostly in the clerical category, LIC runs the risk of high fixed cost, which will be the
deciding factor in productivity in the competitive scenario. While boasting full-scale automation of its
operation, the truth is that its technology is outdated. The new players, with the state-of-the-art
technology under their belt, will be in an advantageous position. 80% of LIC's business is procured by
20% of its ill-trained agent force. The foreign player, with the domestic partner's strong brand value, can
test the unconventional distribution channels like brokers, the Internet, the banking distribution system,
etc. Although foreign players may be tempted to keep their operation in the big cities for the 'creamy
layer' of the society, the real market lies in rural India, which accounts for the lion's share of LIC's
present business. The foreign player must learn to adapt to Indian realities. The well-publicized failures
of world famous consumer goods companies like Electrolux, Whirlpool, Reebok, Nike etc. to gauge the
Indian psyche and sentiments demonstrate the concept. They failed in the areas of realistic pricing,
product promotion and reaching to the consumer. The foreign companies need to know the "ground
realities" to the details.
Objectives and Scope of project
The ‘talent’ in an organization refers to the current employees and their valuable knowledge, skills and
competencies. Talent management (or succession management) is the ongoing process of analyzing,
developing and effectively utilizing talent to meet business needs. It involves a specific process that
compares current talent in a department to the strategic business needs of that department.
The insurance industry is one of the basic service industries in Indian economy, whose prospect is
reflective of the economic resilience of the economy. With the globalization of the economy, India has
become the playground of major global insurance players.
As whole insurance industry is a very large field for research we have chosen Talent management of
Agency Manager in Bharti Axa life insurance, for research purpose.
To find out how HR-team for a growing company like Bharti Axa life, getting
talent or retaining it?
To find out what is the differentiation that Bharti Axa offer to attract talent to the
insurance sector?
To analyze driving forces and key success factors of the company.
To analyze agency manger’s view on opportunities offered by the company.
To analyze working environment of the company.
RESEARCH DESIGN
The Research and Methodology adopted for the present study has been systematic and was done
in accordance to the objectives set which has been detailed as below.
Research Definition
Research is a process in which the researcher wishes to find out the end result for a given
problem and thus the solution helps in future course of action.
According to Redman & Mory research is defined as a “Systemized effort to gain new
knowledge”.
Research Design:
According to “Claire Seltiz”, a research design is the arrangement of condition and analysis of
data in manner that aims to combine relevance to the research purpose with economy in procedure.
Nature of Research:
Research is basically of two types.
1. Descriptive research
2. Explorative research
1. Descriptive Research: These studies are concerned with describing the characteristic of a particular
individual or a group.
Primary Data: It consists of original information collected for specific research. Primary data for this
research study was collected through a direct survey to obtain this primary data a well structured
questionnaire was prepared by the researcher.
Secondary Data: It consists of information that already exists somewhere and has been collected for
some specific purpose in the study. The secondary data for this study is collected from internet.
Questionnaire: A set of questions containing a few Technical questions and more number of
opinionated questions are prepared for the employees of both Centralized and Decentralized sections of
HR Department.
Closed ended questions: Closed ended questions have no other options other than the selecting the one
that close matches the respondent’s opinion or attitude.
Dichotomous questions: A dichotomous questions refers to one, which offers the respondents a choice
between only two alternatives.
Multiple Questions: A multiple choice question refers to one, which provides several sets of
alternatives for the respondents’ choice.
Ranking questions: These questions are given when there are many points to be considered and to be
ranked in priority.
Company Profile
Bharti AXA Life Insurance is a joint venture between Bharti, one of India’s leading business groups
with interests in telecom, agri business and retail, and AXA, world leader in financial protection and
wealth management. The joint venture company has a 74% stake from Bharti and 26% stake of AXA.
The company launched national operations in December 2006. Today, we have over 5200 employees
across over 12 states in the country. Our business philosophy is built around the promise of making
people "Life Confident".
As it’s expanding presence across the country to cater to your insurance and wealth management needs
with our product and service offerings, we continue to bring 'life confidence' to customers spread across
India. Whatever your plans in life, you can be confident that Bharti AXA Life will offer the right
financial solutions to help you achieve them.
Bharti Enterpriseses
Bharti Enterprises is one of India’s leading business groups with interests in telecom,
retail, manufacturing, agri business and financial services.
Bharti Teletech is India’s leading telecom & allied products company. It is one of the largest
manufacturers of landline telephones in the world. With a strong distribution network across the country,
the company is also the primary distributor of IT and Telecom products from interntional brands such as
Motorola, Blackberry, Thomson, Polycom, Transcend, and Logitech.
A subsidiary of Bharti, Telecom Seychelles Ltd provides comprehensive telecom services including 3G
mobile services in Seychelles, under the ‘Airtel’ brand.
Comviva is the leading provider of integrated VAS solutions for mobile operators in emerging markets.
Among the top 3 global providers of integrated VAS solutions in rapidly growing markets, Comviva has
deployed solutions for over 100 mobile operator customers in over 80 countries worldwide.
FieldFresh Foods Pvt. Ltd.
FieldFresh Foods Pvt. Ltd., is a venture between Bharti Enterprises and Del Monte Pacific Limited, to
offer fresh and processed fruits and vegetables in the domestic as well as international markets,
including Europe and the Middle East.
Bharti Retail is a wholly owned subsidiary of Bharti Enterprises. Bharti Retail operates a chain of
multiple format stores that offer consumers affordable prices, great quality and wider choice. The
company’s neighbourhood format stores operate under the "Easyday" brand and the compact
hypermarket format under the “Easyday market” brand.
Bharti AXA General Insurance is a joint venture between Bharti Enterprises and AXA, world leader in
financial protection and wealth management. The company was incorporated in July 2007 and offers a
full suite of general insurance solutions to meet the needs of businesses and individuals alike.
Bharti AXA Life Insurance Company
Bharti AXA Life Insurance Company Ltd is a joint venture between Bharti Enterprises and AXA, world
leader in financial protection and wealth management. The company offers a range of life insurance and
wealth management products with an endeavour to help customers lead a confident life.
Bharti AXA Investment Managers Pvt. Ltd., an asset management company in India, is a joint venture
between Bharti Enterprises, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings
(AXA APH).
Centum Learning Limited provides end-to-end learning and skill-building solutions to several large
corporates. It provides solutions that impact business performance through enhanced employee
productivity, customer profitability and effective talent transformation.
Jersey Airtel, a subsidiary of Bharti, offers world-class mobile services in Jersey (Channel Islands) over
its full 2G, 3G and HSDPA enhanced network. The Company brings market-leading products and
services to its customers under Airtel-Vodafone brand.
Bharti Foundation
Bharti Foundation was set up in 2000, with the vision, “To help underprivileged children and young
people of our country realize their potential”. It aims to create and support programs that bring about
sustainable changes through education and the use of technology and information.
Bharti Realty
Bharti Realty Private Limited is the in-house Real Estate Arm for Bharti Group and facilitates by
extending support to the Group Companies for Identifying, Developing and Maintaining Quality Real
Estate in line with their Business Models. Being a seasoned player in the Real Estate Fraternity, Bharti
Realty is playing a significant role in Bharti Retail’s Roll out plan.
Bharti Infratel
Bharti Infratel, a wholly owned subsidiary of Bharti Airtel, provides passive infrastructure services on a
non-discriminatory basis to all telecom operators in India. Bharti Infratel also holds approximately 42%
stake in Indus Towers, a joint venture between Bharti, Vodafone and Idea to offer passive infrastructure
services.
About AXA
Being AXA
AXA Group is a worldwide leader in Financial Protection. AXA's operations are diverse geographically,
with major operations in Western Europe, North America and the Asia/Pacific area. AXA had Euro
1,315 billion in assets under management as of December 31, 2006. For full year 2006, IFRS revenues
amounted to Euro 79 billion, IFRS underlying earnings amounted to Euro 4,010 million and IFRS
adjusted earnings to Euro 5,140 million.
The AXA ordinary share is listed and trades under the symbol AXA on the Paris Stock Exchange. The
AXA American Depository Share is also listed on the NYSE under the ticker symbol AXA.
Being AXA
FORTUNE GLOBAL 500
Revenues Profits
Rank Company ($ millions) ($ millions)
4 BP 274,316.0 22,000.0
AXA Asia Pacific Holdings Ltd (AXA APH) is listed on the Australian stock exchange and is 52.3%
owned by AXA SA. AXA APH is responsible for AXA SA’s life insurance and wealth management
businesses in the Asia-Pacific region. It has operations in Australia, New Zealand, Hong Kong,
Singapore, Indonesia, Philippines, Thailand, China, India and Malaysia. AXA APH had A$106.4 billion
in total funds under management and administration at 30 June 2007 and reported a profit after tax
before non-recurring items of A$374.0 million for the six months ended 30 June 2007. For more
information on AXA Asia Pacific Holdings, visit www.axa-asiapacific.com.au
BEING
Bharti Axa organization chart BHARTI
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BHARTI AXA
Presence
Mehsana
Nawashair
Bhatinda
Noida
Gurgaon
Howrah
Kharagpur
Durgapur
Siliguri
Jamshedpur
Vijaywada
Pondicherry
Calicut
Trivandrum
Trissur
Erode
Amritsar
Jalandhar
Patiala
Bhopal
Pune
Vision
To be a leader and the preferred company for financial protection and wealth
management in India
Values
Strategy
Strong partner Bharti - provides access to customer base of more than 20 million
Multi channel execution capability
Current Asia product range which is a strong match to products sold to the mass and mass
affluent
Global scale providing cost effective and speedy re-use of systems, products and business
capability
Strong AXA and Bharti brands which can be leveraged to attract and retain a high quality
management team
Analysis of the project
Talent management definition
A conscious, deliberate approach undertaken to attract, develop and retain people with the aptitude and
abilities to meet current and future organisational needs.
Talent management involves individual and organisational development in response to a changing and
complex operating environment. It includes the creation and maintenance of a supportive, people
oriented organisation culture.
like human capital, talent management is gaining increased attention. Talent management (TM) brings
together a number of important human resources (HR) and management initiatives.
Organisations that formally decide to "manage their talent" undertake a strategic analysis of their current
HR processes. This is to ensure that a co-ordinate, performance oriented approach is adopted.
Quite often, organisations adopting a TM approach will focus on co-ordinating and integrating:
The current discussions about skill shortages and the ageing population are also helping organisations to
focus on the talent management issue. It may not be possible to simply go out and recruit new people to
meet operational needs. Many leading companies have decided to develop their own people, rather than
trying to hire fully skilled workers.
In summary, every organisation should be implementing talent management principles and approaches.
Talent management by Bharti Axa life insurance
Sales call planning – Analysis of Prospective Calls in Territory, Strategies for effective territory
coverage, identifying, prospecting and classifying customer on the basis of socio – economic and
cultural factors.
Coordinate monitor and review the sales efforts of the team through the process matrix
Professional Development of the Advisor by regularly training them on product and sales
processes
Distribution of responsibility pertaining to the clients and prospective clients between advisors
The Respective Manager will work closely with the Branch Manager - Direct Sales Force to plan
and implement sales strategies in his/ her allocated region
RECRUITMENT PROCESS
REHIRE
Bharti AXA Life Insurance Company Ltd allows re-hiring of ex employees, subject to
availability of suitable vacancy/opening and past performance of the employee
SELECTION PROCESS:
BASIC NORMS
Qualification –Minimum graduates.
For fresher hiring- 60% and above in all exams starting from class 10th.
For any change/ modification in percentage requirement, special approval would be required from HR.
REFERECE CHECK
External reference (minimum 2) is carried out for each selected candidate. Reference check is
done with prior consent of the candidate and needs to be done with someone who the candidate
has closely worked with, is at a level of manager and above, and is not a relative.
Incase selected candidate is from the insurance industry, one internal Reference Check has to be
conducted and appropriately documented.
PURPOSE:
To encourage employees to refer candidates from their professional / personal circles for
meeting our current hiring requirements.
POLICY:
Bharti AXA Life Insurance Company Ltd will allow hiring of friends & acquaintances of the employees.
Knowledge of friends & the organization would enable employees to play the role of an ambassador in
facilitating the organization to hire good candidates. However this has to be used with a lot of discretion.
Employees need to know the candidate fairly well to refer him/her to our requirements. In case an
employee refers relatives (Definition of Relative: Spouse, children and immediate brothers and sisters)
he/she is not eligible for the referral amount.
REFERRAL BONUS:
Following will be the level wise referral bonus:
If The Referred Candidate is hired in Level Referral Bonus Payment per Hire
Referral Bonus will be paid through payroll and will attract taxes as applicable.
Driving high performance is a key priority for the organization. This is best done through building a
strong two-way relationship with employees in terms of clear performance expectations and returns.
This is critical to make Bharti AXA a preferred employer in line with Ambition 2012.
The performance management process at Bharti AXA is hence termed Passport 2012, to signify the
journey towards Ambition 2012. This process is applicable to all non-sales and managers and above in
sales functions.
HR also works with Managers on their people and operational performance needs to assist departments
to achieve their business goals.
Responsibility:
Responsibility for learning and development rests jointly with:
• The staff member and
• His/Her Supervisor/ Manager
Employees are expected to take initiative to identify their own needs and take steps to improve their
skills and knowledge. Supervisors and Managers are expected to ensure that their colleagues are
properly coached and developed. The role of Training and Development is to provide the guidance and
support needed for colleagues to develop, and departments to better meet their objectives, so hat the
Company can achieve its business goals.
Bharti AXA Life R&R programme provides a window to recognize not just performance but values,
which are imperative to sustained performance. While on the one hand they award significant
contribution to organizational growth, they also provide an avenue to reward quick wins and initiatives
through the Spot Awards.
The Value Award aims to recognise consistent demonstration of all AXA values in employees' daily
work, in addition to team spirit and/or innovation that impacts colleagues within the team. The
Performance Award winners would have played a significant role towards improving Cost Efficiency,
Productivity & Revenue. The ongoing Spot Awards aim to recognize significant contribution to
organizational growth, by way of cross functional assistance, promoting work excellence in teams,
stretching beyond expectations, achieving customer delight etc.
Questionnaire analysis
The first question was about agency manager’s opinion about the work opportunity available
Bharti Axa life insurance. The following opinion was being observed…
work culture
3%
10%
excellent
30% good
fair
bad
57%
Majority of the agency manger’s said the work opportunity available in Bharti Axa life
insurance company is Good, there are certain number of manager’s who also said that work
culture is Fair.
This helps us to understand that the work opportunity available in company satisfies majority of
the manager’s. The work opportunity implies the office environment which is quite favourable,
the type of products, the monthly incentives schems , performance management system etc.
which enable them to perform well.
The next question was about the manager’s view on the areas they need more training
Training requirement
3%
57%
13%
As it was described earlier that insurance industry is a high growth industry. So enabling employee’s skill
is very important. Same opinion is being derived from this question that a huge number of employee’s
(57%) think they need more of skill based training, there are certain number of employees who also
think that problem solving skills are also to developed, also there are around 27% of them ask for all
of above training i.e. training on
Company policies and procedures
Skill based training
Problem solving skills
The next question describes the employee’s view of transition from other sectors into insurance is
easy or not, considering this is a hardcore sales job
25 23
20
15
10
6
5
1
0
Yes No Can't say
This question describes the employees view towards the marketing of insurance products as compared to
other done by them, the reply here was majority of them said No-that they believe transition from other
sectors is not easy, where as some of them also said that transition is easy- this implies that all those
who have done a hard-core sales find marketing of insurance products an easy task.
The next question describes ratings done by the employee’s on salary and benefits offered by Bharti Axa
life insurance
Here majority of the managers have rated salary and benefits of Bharti Axa life insurance as 3 this
implies that the company offer good rate of salary and benefits as compared to market conditions.
The next question describes management and employee communication in Bharti Axa
management & employee communication
10%
17% excellent
very good
13%
good
13% fair
poor
47%
In this a majority of agency managers are satisfied between the management & employee
communication. Many of them feel the Performance management system followed by the company is
good enough to maintain a smooth relationship between management nad employee.
Finally the last question described the change the employees would like to make…
In this there were many views, opinion of the agency managers, some of them are discussed
below
1. Some of them feel that there should be more advertisements, for the products
of the company
2. Some really feel that Senior management is good and motivate more fresher’s.
3. Target criteria is too high which is little difficult because it is a new company, so
the target criteria should be lessen.
4. Improvement upon processes, punishment leads to de-motivation and not towards
performance, so there should be other way out…
Conclusions
Talent Management is an opportunity for the companies like Bharti Axa life insurance is
to Develop managers in their areas of expertise and in their careers. A strong talent
The goal of talent management is to better understand Our people in the organization, so
it can support professional and career development and align individual needs and goals
with the business focus. So talent management is a very important to achieve vision and
Bharti Axa life insurance Company, tries to retain its talent through various entry
opportunities, also training and development for the manager’s at various levels,
.
BIBLIOGRAPHY & REFERENCES
For the purpose of the preparation of the project and giving it the valuable paper
form, with an intention that this information can be used by other also, a
helping hand is taken from the most precious reserve of the knowledge i.e. the
books
The books concerned for the accomplishment of the project are as below: -
www.google.co.in
www.citehr.com
www.altavista.com
www.bharti-axalife.com
www.bharti.com