Employee WelfareHuman Resource management

Created by ; P.Pavalaxan

Introduction to the Report

we have selected AVIVA NDB INSURANCE Arranged an interview with the human resource manager of the company to gain the required information. Collected some details about the human resource process and the employee benefits scheme of the company. Prepared the report for our studying purpose.

Benefits and Welfare-Basic

Salary payments – Managers 75,000 – 125,000. Executive staff 50,000 -75,000.Medical insurance cover with indoor and outdoor benefits including employees, spouse and children.Group life insurance cover for employees.Eagle contributes 15% of the salary towards the EPF which is above the statutory requirements.Lunch is available for staff at the AVIVA NDB canteen at an economical rate.A gymnasium within the precincts of the head office.Foreign tours for the staff. Promotion is being given based on employee’s performance, discipline and time management.

Employee Benefits - Others

Personal Financial Literacy – a program to create awareness on the need to handle personal finance effectively.

Education Loans – were provided to employees to follow professional exams, in the fields of insurance

Talent in you – a program that catered to bringing out the inner potential that is needed to excel in life.

Leading People – a global initiative by AVIVA with the objective of ingraining the ‘authentic leadership’ concept across the organization.

“Better Self Care” to deliver “Excellent Customer Care” – an experimental training program to help employees be happy and transfer their happiness to the customers.

Benefits- Medical & Disability

Accident Death Cover:Disability Cover:Permanent Total Disability Cover (due to Accident or Sickness) Permanent Partial Disability Cover (due to Accident only) Hospital Cash Benefit: Critical Illness Benefit:

Total Employee Engagement

Employee voluntarism was the key focus of the company’s social activities, granted 2 days. It provided knowledge transfer to other institution.The AVIVA Academy provided abundant learning and development opportunities to the junior and regional management.Are you smarter than the others- quiz provided employees an opportunity to the challenge the top management team of the company.The Sports club organized events that are meaningful to different demographic segments of the employee population.

Monthly surprises from HR was a new concept introduced in the year 2008 where employees had something exciting to look forward to. The surprises included. A newly branded t-shirt for all employees.Introduction of the new bi-annual internal magazine, ’Outlook’ – knowledge based magazine for employees.Counseling sessions with two professional counselors were facilitated for members of staff.

Cont…

Freedom to voice opinion.

Employees participated in the AVIVA Employee promise Survey , which is a voluntary online survey conducted by an independent global research company.Introduction of “Idea Manager”- encourages flowing of new ideas for improvement.The intranet hosts a ‘have you say’ portal where employees can send in their suggestions and opinions.“Right call “ an independent malpractice reporting service that allows employees to report concerns of illegal or fraudulent activity

Conclusion.

It was a pleasure to carry out this assignment in the study area of human resources management subject. Human resources management is a subject which is still in the developing stage in the world. But all most in all the companies human resource management has been used because of the advantages which can be gained through the use of human resource management to control the human resource of the company.

AVIVA NDB INSURANCE to carry out our human resources management assignment. And in order to gain further information and details regarding the human resource process of the company and its Employee benefits scheme.

Finally the companies should give priority to the satisfaction and the motivation of the employees of the company in order to gain the maximum out of the employees of the company to be competitive and to achieve the common objective of the company.

References..

An Interview with Branch Manager. [JAFFNA BRANCH]

Annual Report [2008,2009]

www.avivandb.com

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