Mumbai, April 13, 2016: Tata AIA Life Insurance Pvt. Ltd. (Tata AIA Life), the life insurance joint venture promoted by the Tata Group and AIA Group, has been recognised by Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), as a Best Employer for the year 2016. The Aon Best Employers Programme measures and recognises employer excellence worldwide.
“We are truly excited to receive this prestigious recognition. We are proud that we are the only Life Insurer in the country to receive the award this year. In a service industry like ours employees are our only assets. Happy and motivated employees make for happy consumers and distributors. We will continue to build an organisation which respects integrity, is consumer oriented, celebrates innovation and nurtures entrepreneurship.” Said Kristyl Pais Bhesania, Senior Vice President & Head of Human Resource, Tata AIA Life. “At Tata AIA Life, good is at the heart of everything we do. Daily, our employees stretch that extra mile and go beyond to make good happen for our customers and our distribution forces, and we are committed to them. This award generates energy and motivation to further provide a delightful experience to our consumers and distributors,” She added further.
The Aon Best Employers India 2016 study covered 113 companies, cumulatively employing approximately 950,000 employees. A rigorous analysis is run to measure the alignment between intent, design and experience, assessed through:
· CEO survey
· CEO interview
· People practices survey
· Employee opinion survey
· A shortlisted set taken through an intense on-site audit to validate the details; client names are masked during this process
· An external panel of unbiased jury to evaluate the participants
Tata AIA Life has taken several initiatives to ensure that its employees enjoy their job, understand clear business goals and deliver to the optimum. The company strongly believes that ‘pleasure in the job puts perfection in the work’. The Company has an innovative performance management and recognition process that ensures that the employees consistently deliver on time with the highest quality.
“We congratulate Tata AIA Life Insurance on being adjudged an Aon Best Employer. In the difficult times that the insurance industry is going through, Tata AIA ensures due focus on existing talent through nimble and effective practices. Creating a cohesive work environment as indicated by employees in such difficult times is true testimony to being a Best Employer,” Tarandeep Singh, Partner, Talent and Performance Consulting, Aon Hewitt (India)
With more than 15 years of experience in best employer studies across the world, and backed by more than 20 years of experience in employee research, the Aon Best Employers programme compares organisations to identify those that strive to create a competitive advantage through their people and become employers of choice.
About Tata AIA Life
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in Asia Pacific.
About the Aon Best Employers Study
The Aon Best Employers programme is a global study which was first conducted in 2001. In Asia, it is run in 12 markets: China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Australia and New Zealand. Participation in the programme helps define what makes a winning workplace.
The Aon Best Employers India 2016 Study, in partnership with BW Businessworld and Bloomberg TV India, covered 113 companies across 12 industries, cumulatively employing approximately 950,000 employees.
A rigorous analysis is run to measure the alignment between “Intent-Design-Experience” assessed through CEO survey and interview, people practices survey and employee opinion survey for all participating organisations. A shortlisted set is taken through an intense on-site audit to validate the details provided. Client names are masked during this process, and revealed to the jury only post final selection. An external panel of unbiased jury comprising corporate and academic community evaluated the participants and arrived at the final list of India’s 25 Best Employers of 2016.
Aon plc (NYSE:AON) is a leading global provider of risk management, insurance and reinsurance brokerage, human resources solutions, and outsourcing services. With more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people
solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom. com