May 10, 2017
Tata AIA Life is Aon Best Employer India 2017
Company wins the award for the second consecutive year
- Award testimony to the culture of ownership and performance orientation built diligently over last two years
- Tata AIA becomes the only life insurance company to win this honour twice in a row
Mumbai: Tata AIA Life Insurance Company (Tata AIA Life) has been recognised as the Aon Best Employer 2017 in India by Aon Hewitt, the global talent, retirement and health solutions business of Aon. The Aon Best Employers programme evaluates employee opinions to measure engagement, leadership, performance culture and employer brand, and recognises employer excellence worldwide.
Kristyl Pais Bhesania, senior vice president and head, human resource, Tata AIA Life, said, “It is indeed a matter of pride for us that Tata AIA Life has won the Aon Best Employer Award 2017 for the second consecutive year. The award is testimony to the employee-centric organisational culture that we have succeeded in building. At Tata AIA Life, we constantly endeavour to engage employees at a deeper level, creating ownership and personal leadership. Today, we are a vibrant, performance-driven organisation, at the core of which is a deeply engaged and happy employee.”
Speaking on the occasion, Tarandeep Singh, partner, talent and performance, Aon Hewitt (India), said “We congratulate Tata AIA Life Insurance for wining Aon Best Employer 2017, twice in a row. Their sincere and diligent leadership ensures that good people policies are followed by good execution. Tata AIA Life sets itself apart by effectively bridging the gap between strategy and implementation. Their highly engaged workforce bears testimony to that. We wish them continued success and hope that they keep the magic going.”
Tata AIA Life has very targeted human resource and organisational development interventions, beginning with an on-boarding delight experience, innovative employee engagement process, structured training and development programmes, talent management, and reward and recognition initiatives that have ensured a high employee engagement experience. Identifying high potential employees through a systematic assessment process, facilitating developmental plans and aligning their growth path to the key positions within the organisation are the key focus areas of the company’s talent management process. Due to these measures, overall attrition of the company is one of the lowest in the industry and it has been able to attract and retain top talents.
Aon Best Employers is designed to provide insights into how organisations create competitive advantage through their people and explores what makes a company a workplace of choice. During the study, participating organisations are required to complete three diagnostic tools:
- Employee opinion survey which employees of participating organisations answer to measure engagement and satisfaction levels
- A questionnaire to be completed by the CEO of the participating organisation to collect views on the business and people perspective of the organisation
- People Practices Inventory (PPI) questionnaire about HR practices to be completed by the HR function.
An interview with the CEO of participating organisations is part of the study to understand the CEO’s views on the alignment between the business and the HR practices of the participating organisation. In addition, an HR audit is conducted after receipt of the completed PPI. An external judging panel then evaluates the participants and identifies the best employers.
The award endorses the integration of Tata AIA Life’s business strategy with its people-centric initiatives. Tata AIA Life is committed to building an organisation which works with integrity, is customer focused, celebrates innovation and nurtures entrepreneurship.