OF AXIS BANK

HRD STRATEGIE MAJOR HRD STRATEGIES DESINGNING HRD STRATEGY INTRODUCTION OF AXIS BANK OBJECTIVES OF HRD IN AXIS BANK HR PRACTICES IN AXIS BANK

FUNCTIONS OF HRD IN AXIS BANK

CONCLUSION

HRD Strategies HRD Strategies are a plan that defines how the human resources would be utilized through the use of an integrated array of training, organizational development and career development efforts to achieve individual, organizational objectives.

Major HRD Strategies Communications Strategy: In todays changing scenario, it is essential to educate and train employees about the change. Accountability And Ownership Strategy: Employees accountability and ownership leads to higher productivity and customer accelerations. Quality Strategy: Quality needs to be fostered in the employees through training and development.

Cost Reduction Strategy: Every employees contribution in savings is crucial as small contributions from each employee can be pooled by organizations to save substantial savings at the end of a given period and enhance its competitive strategy. Entrepreneurship Strategy: Every employee needs to be an independent entrepreneur, who can generate ideas and bring them to reality by using the existing resources and support of the org to create innovative and creative products and services. Culture Building strategy: Organization valuing its employees have a sustainable competitive edge over competitors because employees are highly charged, motivated and commitment to the org.

Systematic Training Strategy: The planning and organization of formal on-job training and off-job training leads to improving vital employee characteristics, build and sustain appropriate work culture and brings in more professionalism in action. Learning Strategy: Continuous development and learning environments promote self development of employees, of self and by self.

Getting The Big Picture

Developing A mission Statement

Conducting Org. SWOT Analysis

Conducting HR Analysis

Determining Critical people issues

Developing Consequences and solutions

Implementation and evaluation of action plans

Axis Bank (Formerly known as UTI) was one of the few private banks to have began operations in 1994. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI) Life Insurance Corporation of India (LIC) General Insurance Corporation Ltd (GIC) National Insurance Company Ltd

The New India Assurance Company

The Oriental Insurance Corporation United Insurance Company Ltd

Mission Customer Service and Product Innovation tuned to diverse needs of individual and corporate clientele. Continuous technology up gradation while maintaining human values. Progressive globalization and achieving international standards. Efficiency and effectiveness built on ethical practices.

Initiate & institutionalize globally competitive HR practices Put in place relevant HRD strategies and use modern methodologies Create a performance-driven culture and an exciting workplace Create a pool of entrepreneurial managers and business leaders

Create a learning organization for employees

HR Steering Committee KHOJ Sampark Paramarsh Axis Financial Rewards For Business Leaders Mep-tikshna Performance Appraisal System For Clerical And Sub-staff Axis LEADERSHIP DEVELOPMENT CENTER

HR Steering Committee Board Level HR Committee for piloting HR initiatives and reforms. KHOJ Organization wide Talent identification and Development Program me for Officers and Clerks Walk-In Interview for Sales Executives Campus Interview Internal Sources

SAMPARK Employee HELP Line (Employees in distress can directly approach the CMD for immediate relief) PARAMARSH Employees Counseling Centre (Counseling centers for providing psychological assistance and guidance to overcome their stress, complexities and conflicts in order to lead a better life. AXIS FINANCIAL REWARDS Cash Incentives for achieving the target 1% ROI reduction on loan Many others Daily Incentives Holiday Tour

MEP-TIKSHNA Management Education Program me for Executives(GM, DGM, AGM, Chief Managers Axis LEADERSHIP DEVELOPMENTCENTRE For developing the leadership quality with in employee. Training On Job training for 3 months.

Ultimate aim of the human resources function is to build and manage a motivated pool of professionals delivering optimum value to customers. Major platforms on which the success of the bank's corporate strategy rests is bringing on board the requisite skills. Young bank with an average age of 29 years and a talent pool comprising a mix of new recruits and experienced officers. Training-Scheduling Performance Management Compensation/Reward Administration Grievance Handling

AXIS bank has differentiated itself very well on the basis of high level service and product quality

They have successfully implemented the change and due to this their market share has increased only despite of tough competition prevails.