14-11-2012, 05:05 PM
Study on Procurement and Development of Life advisors At Bharti AXA Life insurance, Delhi
![Adobe Acrobat PDF .pdf](https://seminarproject.net/images/attachtypes/pdf.gif)
EXECUTIVE SUMMARY
The project is about procurement and development of Life advisors. The process started from identifying the need, then advertising the same to prospective individuals by distribution of pamphlets, holding various activities in residential areas etc. Then individuals were surveyed. The questionnaire was designed in such a manner that it gave a general idea about the ability and capability of respondent as a prospective life insurance advisor. Certain scores were allotted depending on the answers given by the Respondent. Those who were high on the scores were motivated to visit the office for conduction of their interview. After the successful completion of interview individuals were informed if they were selected for training of Life advisors. They were asked to fill the NAAF form and a fee was collected from them along with their photographs. After successful completion of training an exam was conducted and those who qualified the exam were selected as life advisors.
The project report submitted here covers theory on procurement and development, flowchart of activities undertaken for procurement and development, data analysis of the survey and a list of suggestions and recommendations for the company at the end of the entire study.
During the process of summer project we conducted activities in Residential colonies like ―RK Puram‖ in Southern area of Delhi. The samples of the pamphlets that were distributed for such activities have been given in the annexure.
SIGNIFICANCE AND IMPORTANCE OF THE PROJECT
In the last few years, the job market has undergone some fundamental changes in terms of technologies, sources of recruitment, competition in the market etc. In an already saturated job market, where the practices like poaching and raiding are gaining momentum, HR professionals are constantly facing new challenges in one of their most important function- recruitment. They have to face and conquer various challenges to find the best candidates for their organizations.
The project focuses on the challenges facing the HR department in the growing insurance industry in India. Problems caused by the lack of skilled personnel and the increasing demand for skilled employees are also discussed in the project. In addition, challenges regarding the recruitment and retention of employees are examined. The project throws light on various measures taken by HR departments in insurance organizations to improve the work environment and the productivity of employees.
Training and development:
In organizational development, the related field of training and development (T & D) deals with the design and delivery of learning to improve performance, skills, or knowledge within organizations. In some organizations the term Learning and Development is used instead of Training and Development in order to emphasise the importance of learning for the individual and the organization. In other Organizations, the term Human Resource Development is used.