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Group B9
1.
2.
3.
4.
Problem statement
To develop a compensation strategy (Internally aligned
structure)
Sales are going down although competitors seem to
have a good hold over the market through their
innovative selling techniques and team oriented
employees
Labor cost and customer response
Situation analysis
Organization believes in autonomy down the levels and
at the same time maintains lean structure (It wants to
keep a tight control on quality and cost)
Believes that training is important
It abhors recruiting employees from competitors
IT doesnt want to make HR the sole responsibility of HR
department alone
POSITION
GRADUATE
POST GRADUATE
EXPERIENCE
SKILLS
Zonal Head
Sales
Any grad or
Preferably MBA
Or any post grad
5 years in sales
8-12 years in
industry
Planning, organizing,
customer service, people
management,
understanding cost &
revenues
Branch
Manager
Sales
Any grad or
Min. 4 years
Ideally 7-8 years
Communication, drive to
achieve, understanding of
industry, people
management
Branch
Any grad or
Head
bancassuar
nce Sales
Min. 4 years
Ideally 7-8 years
Good in training,
communication
Corporate
Sales
(assistant
manager)
Any grad
MBA preferred
Negotiation skills,
communication, product
knowledge
Retail
Executive
Any grad
Preferred
Communication, product
knowledge, result
orientation
Manager,
operation
Any grad or
Min. 4 years,
ideally 7-8 years in
POSITION
GRADUAT
E
Deputy
Manager
Branch
Operation
Functional
Grad in
Underwriter Maths
POST GRADUATE
EXPERIENCE
SKILLS
Min. 4 years,
ideally 7-8 years in
industry
Customer service,
meticulous, eye for
details, Ability to
manage& motivate
Expert knowledge to
solon
Zonal
Underwriter
7-10 years in
industry
Understanding of
insurance industry, other
industries, good
communication
Senior
Underwriter
Min. 5 years in
underwriting
Qualified in risk
management, Actuaries
may fit, though overkilled
Assistant
Manager
Training
Any grad
Manager
Training
Zoanl head,
MBA premier B
Sales exp in
insurance min. 5
years
Ideally 7-9 years
Designing, developing
and delivering T&D
initiatives
Preferable
Communication,
HIERARCHY STRUCTURE
Corporate sales
Deputy
Manager
Underwrite
r
Assistant
manager
training
Explanation
1.
Pay Element
Basic
2.
3.
Provident Fund
At 12% of basic
4.
Travel Benefits
5.
Conveyance Allowance
6.
Merit Allowance
7.
Special Allowance
8.
Medical Insurance
120 %
85 %
75 %
Fixed
according
to roles
140
%