THIS STUDY IS ABOUT TALENT ACQUISTION AND TALENT MANAGEMENT IN INSAURANCE SECTOR.

1. ARMY INSTITUTE OF MANAGEMENT & TECHNOLOGY, GREATER NOIDA
PROJECT DESSERTATION REPORT
“A STUDY OF TALENT ACQUISTION AND TALENT MANAGEMENT IN INSAURANCE SECTOR”
Student Name Faculty Mentor
Manisha Sheoran Dr. Pawan Kumar

2. EXECUTIVE SUMMARY
• Insurance Companies offer comprehensive protection plans to help you in the hour of need through options of both critical
illnesses and life cover.
• Many Insurance companies believe that the right people will take the organisation in the right direction. To accomplish their
goals, they are always looking out for talented, creative, ambitious individuals driven by challenges and passionate about
excellence.
• Talent Management is managing the ability, competency and power of employees within an organization. Understanding the
various ways of how employee engagement is done at Insurance companies and suggesting few activities of how it can be
carried on further.
• Throughout my internship I was not restricted to one specific line of work and my profile was divided into two parts, Talent
management & Talent Acquisition therefore I was able to gain a well-rounded perspective on how each of these profile work.

3. INTRODUCTION
• Talent acquisition: Talent acquisition is the process of finding and acquiring skilled human labour for
organizational needs.
Talent acquisition strategies: Quality, Turnaround time and maximizing number.
• Talent management: A conscious, deliberate approach undertaken to attract, develop and retain people with the
aptitude and abilities to meet current and future organisational work.

4. OBJECTIVES OF THE RESEARCH UNDERTAKEN
• To find out various effectiveness criteria of recruitment, talent acquisition and talent management methods.
• To analyse if the existing training functions is achieving its objectives.
• To evaluate the Training system for further development.

5. LITERATURE REVIEWS
YEAR AUTHOR CONTRIBUTION
2010 Zhao H. Analysis of temporary position as an enlistment and determination process.
2008 Drave Bartram advancement of the Internet as a medium as a rule and as an enrollment and
choice medium specifically.
2007 Paul R. Sparrow This paper gives an account of an investigation of firm-level improvements in
global enrollment and choice, drawing upon an examination of four contextual
investigations each led in four hypothetically inferred settings of unified or
decentralized control and co-appointment, and spotlight on local or abroad
markets.

6. RESEARCH METHODOLOGY
• To get a report on any particular area, research is required, research is required & that research is being done
by data collection.
• There are factors affecting recruitment and selection, the process of recruitment and selection, the merits and
demerits of external recruitment. So, my study is descriptive study.
• Descriptive research is defined as a research method that describes the characteristics of the population or
phenomenon that is being studied.
• Secondary data was used for the report preparation.

7. FINDINGS AND CONCLUSIONS
• Learnt the different ways to source candidates, various search options and what attracts a candidate to take
up an opportunity.
• The company considered portals as the most important medium of hiring employees.
• The employees working in the company consider the employee references are one of the most reliable source
of hiring.
• Most of the companies in insurance sector lack Work Culture.
• Companies are paying special attention to career growth and development programs of their
employees.
• Companies in insurance sector are getting technically developed, they are adapting technological approach in
recruitment as well as candidates potential assessment.

8. DATA INTERPRETATION AND ANALYSIS
• Around 90% insurance companies and their HR’s try to recruit well educated and skilled employees for their organization. Only 2% companies
recruit unskilled employees, that may be for lower posts.
• Most of the insurance companies (around 78%) and their recruiting bodies highly believe in diversity in employees skills.
• Around 88% insurance companies and their recruitment panel believe in direct methods (interviews, behavioral assessments) of assessments while
recruiting employees for their organization.
• Evolution of technology has completely changed the recruitment processes of companies. As per our report around 80% of the companies have
adopted technical approach in recruitment process.
• As per collected data most of the companies (around 78%) believes in performance evaluation and behavioral assessment in identifying high
potential employees in their respective organization.

9. SUGGESTIONS AND RECOMMENDATIONS
• There should be a proper induction planned for the interns, a PPT could have been shown to all the interns
where information about the company is communicated in detail
• There should be more and more face to face interviews for the interns.
• Company’s employees were unskilled; there should be proper training and skill development programmes for
the employees.
• Improving the attitude of senior management, supporting the staff and developing a more professional work
culture was the most necessary step to be taken for the growth of the firm.

10. REFERENCES AND BIBLIOGRAPHY
1. Ernest J. McCormick,” Job and Task Analysis,” in Marvin D.Dunnette, ed., Handbook of industrial and orgnisational psychology
(Chicago : Rand McNally, 1976), pp.651-696
2. James Clifford, “Manage work better to better manage human resources: A comparative study of two approaches to job anlysis,”
public personal management (spring1996),pp.89-102
3. David lepak , mary gowan,”human resource management” internal recruitment methods pp 153.
4. Frase – Bulent, M.A recruiting spigot. HR Magazine , April 2003,
5. https://www.edelweisstokio.in/about-us
6. https://www.ukessays.com/essays/management/human-resource-management-of-talent-management-and-acquisition-management-
essay.php
7. https://content.wisestep.com/innovative-human-resources-activities-foremployees/ http://www.snacknation.com/blog/employee-
engagement-ideas/