The Talent Acquisition policy
There is a war for talent across all organizations. The essence of gaining a competitive edge over industry peers is by hiring the ideal candidate for the job. The Talent Acquisition vertical at HDFC Life not only enables hiring the best talent available, but also ensures that a supply of talent is nurtured to meet the ever changing needs of the business.
The Learning and Development function at HDFC Life are trendsetters in the L&D and insurance space. The objective of the L&D is to:
'Facilitate capability development through enterprise wide learning to meet strategic needs of the organization.'
In order to meet this objective the L&D:
The Multiple awards and recognitions for excellence and Best Practices received by the L&D exemplify this. The L&D has received the following recognitions and awards:
The three keys of the PMS at HDFC Life
Achieving a place among the top 50 Great Places to Work in India for 3 consecutive years is not a mean achievement. An organization today cannot win over competition by price leadership or product innovation alone, as the same can be replicated to a large extent. The only way to score over peers is by promoting a winning work culture through a robust Performance Management System.
The objective of the PMS at HDFC Life is
Our talent management framework is a systematic and integrated approach to manage human capital throughout an employee’s lifecycle. It is closely aligned to the company's strategic plan and overall business needs.
Career advancement in HDFC Life aims at providing equal opportunity for growth to all employees across levels/functions. Our employee assessment process for middle management level ensures objectivity and transparency at all stages, thereby sourcing the right internal talent at the right time for the job through vertical as well as lateral movements.
Our Leadership Initiatives like the Potential Review Process and Zenith Program aim at ensuring a strong leadership bench strength at all times. We have an ongoing process for identifying and developing future leaders through a potential assessment and designing of customized leadership capability building interventions and career planning programmes for them.