Submitted by: Furqan Aslam (28733)

HRM Practices Of IGI Insurance Pvt Ltd.

Presented to: Sir Moghis Jalal

Home Insurance

Auto Insurance

Travel Insurance

Health Insurance

Fire Insurance

Miscellaneous Insurance

Introduction of the Company

Head Count in HR Dept.

Role of HR as Strategic Business Partner

Operational goals achieve strategic goals HR plays both operational and Strategic Roles GM works side by side with BODs. Example: Workforce planning, succession planning, guidelines on

monthly or quarterly basis for line managers to act towards achievement of the strategic goal, HR policy guidelines, etc.

Organization Chart

Industrial Relations & Unions Company policies, procedures and code of conduct for employee satisfaction in

accordance with Govt. laws.

Separation Process A policy that documents Separation process. Resignation signed 1 month prior to leaving. Info

circulated in all support dept. Exit interviews for improvement purpose. Employee turnover is in single digit. Reasons why employee leave: 65-75% - getting jobs abroad. 15% females - marriages or children. 5-10% - industry is not considered Halal Laid off only in extreme cases.

Recruitment and Selection Maintain limited workforce Keep data for future predictions and filling the gap. Forecasting is done on annual basis The recruitment process?

Welcome session 1 month probation period. (interview with CEO for Exec. positions.) Who? (Internally or Externally?) Externally how?

Succession & Career Planning Create pool of deserving candidates within the organization. Employee goals are aligned with strategic goals Every employee can discuss ideas or reservation with line manager or HR. Customized training help employee in the long run. Create a healthy and conducive environment between the employee

and employer Best performing employees are always appraised and counseled for

better future plans on individual basis.

Performance Management Rely on bell curve method of performance appraisal Appraisal on annual basis. Employee self-appraisal to make sure Supervisors and employees are on the same page.

Training & Development Budget varies from time to time. Performance appraisal helps measure the need for training and development. Most budget is spent on employee with high potential for job enrichment and

enlargement and promotions etc.

HR Own Rating Standard Strategic goals depend on success of HR dept operational goals. Advantage of being a HR business partner. HR makes sure that everything runs smoothly.

FINDINGS & OBSERVATIONS: Background research Field Visit HRM varies from industry to industry Internal Environment Informative Experience