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Bajaj Allianz Life Insurance Company
Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both Bajaj & Allianz enjoy a reputation of expertise, stability and strength. Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct General Insurance business (including Health Insurance business) in Pune, India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.
Human Resource Management
Human Resource Management maybe defined as an art of procuring, developing and maintaining competent workforce to achieve the goals of an organization in an effective and efficient manner. Roopa A. Kochhar Head of Human Resources - Bajaj Allianz General Insurance
Says” in Bajaj Allianz we are creating a culture where ordinary people come together
To make a great team”
The Allianz Human Resource Values:
The Allianz human resource Values introduced in 2003 helped the organization to use these values as a guideline and set more precise targets with regard to human resource development. These values were developed to link business targets and desired leadership behaviors, to support and foster cultural to improvements and organizational change, to accelerate the development of a high performance culture, raise the employee performance in the whole Allianz group.
The responsibilities of human resource department have increased many folds. Nevertheless, with a structured organization and dedicated personnel, Bajaj Allianz has exceeded the expectations.
HR Operations at Allianz:
The three sub departments of Human resources operations are
1. The Human resources department
2. The Employee relation hub
3. Business HR department.
Each of these departments is interdependent having independent roles. HR Operation Structure:
Roles and Responsibilities in Business HR -Internship period
The roles handled by me during the internship period i.e., 5april-25june are
• Recruitment Process
• Exit Interview
• PF grievances
• Full and Final settlement Process
Sourcing, a primary step played in the HR department by the Internship Trainee. Sourcing of potential candidates can be done in various methods like
Bajaj Allianz has tie up with the web portal www.Nakurai.com to source the candidate from their website. Once the company is registered with Naukari.com, they have allocated a specific Employer’s Zone where the HR Trainee is accessible to download the resume from the website .The payment for downloading the resumes is Rs.2000 per month and every month the company has to reset the password in order to avoid the usage of the external user. As per the Branch recruitment candidates can be recruited. Once the resumes are downloaded by Trainee , the next step would be calling up the candidate and inform them about the vacancies available in the Bajaj Allianz Life Insurance .If a candidate is interested he would be put up in a interested list and call for the interview process. 65% of...
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