TL;DR Enhancing Talent Acquisition in the Insurance Sector

Recruiting high-quality talent was one of the key challenges for Tata AIA. With a laser focus on improving their TA process for future growth, the passionate leadership and TA team aimed at digitizing their manual tasks, improving candidate experience, and reducing attrition. Marrying the famed culture of a Tata company with creative referral contests helped build a referral sourcing engine. Intelligent use of technology to onboard thousands of new joiners annually delivered a 4.8/5 candidate experience score for candidates across various cities and towns of India. 

Here’s what their numbers say: 

Today's talent pool navigates a micro-social world, interacting within smaller trusted communities. On top of this, the life insurance sector continually grapples with attrition, particularly among front-line sales staff.

Human resources, specifically sales employees, are the industry's backbone. Attracting and retaining quality talent is paramount so devising ways to reduce attrition and maintain an optimum headcount became a core objective. 
Hiring cost was another critical concern for the Tata AIA team. Due to attrition trends and the urgent need for replacements, the costs through vendors and job portals were substantial. Especially when compared to direct sourcing or referrals. This issue underscored the importance of a well-structured sourcing strategy to create a ready talent pipeline across the country. The team also recognized the significant impact of the onboarding experience on a new employee's perception. Creating a "WoW '' onboarding experience through the SWAGATM onboarding/ welcoming process and “EKTA” cultural integration induction  could differentiate Tata AIA and enhance its employee value proposition.

In response to these multifaceted challenges, the Tata AIA talent acquisition team embarked on a structured talent acquisition journey. The aim was to provide a top experience for top talent, focusing on attraction, sourcing, onboarding, engagement, and continuous improvement.  

The intriguing questions arose – can their existing workforce act as brand ambassadors? Could they leverage this to reach passive talent? They realised that the lack of centralized referrals across branches hindered productivity. Digitizing and revamping this process could unlock access to a broader talent pool, acting as a solution ripe for the picking.

Partnering with RippleHire, an intelligent end-to-end ATS with a built-in gamified referral portal, they positioned themselves to efficiently hire the right talent while delivering best-in-class experiences for recruiters and candidates alike.
The cohesive plan reflects Tata AIA's commitment to adapting to ever-changing demands and ensuring long-term sustainable success in talent acquisition.
Let's take a look at the plan they adopted. 

Transforming Talent Acquisition through Technology

The Tata AIA talent acquisition team, together with RippleHire, commenced by laying out their existing recruitment processes. They identified manual, redundant, repetitive, or time-consuming steps, spotting immense scope for digitization. The RippleHire platform enabled them to automate and eliminate these inefficiencies, particularly in the candidate documentation stage. They successfully transformed the process, reducing follow-ups and manual errors through the automation of notifications and validations.

Integration and Collaboration:

• Seamless incorporation of the candidate documentation process into the ATS.
• Facilitation of better communication and closure timelines through stakeholder integration at all touchpoints was also enabled. 

Driving Adoption: Understanding the crucial aspect of adoption, the Tata AIA project team took steps to ensure success:

• Engaging key stakeholders like Regional HRs, Zone HRs, HR services team, and vendors to build a sense of ownership.
• Branding the new ATS as “EHire+ - Hiring the Right People” to create a buzz.
• Holding in-depth training workshops and providing user guides and FAQs.
• Achieving over 95% adoption within the first month of launch, highlighting the effectiveness of their approach.

Innovation and Engagement:  In line with Tata AIA's innovative spirit, they partnered with RippleHire to create a gamified, cloud-based employee referral platform. This new approach offers unique features:

• Employees can participate in contests, share jobs, refer people, and track statuses.
• It supports innovative campaigns and special rewards for niche job openings.
• Creative experiential rewards were introduced to incentivize active referrers.

The combined efforts of Tata AIA and RippleHire to innovate and streamline the recruitment process represent a significant step towards efficiency, engagement, and successful talent acquisition. Their collaboration serves as a testament to the value of embracing modern technology and thoughtful strategy in human resources.

Implementing the Referral Program

Tata AIA, in collaboration with RippleHire, took a strategic approach to outbound referrals, enhancing the existing program.

They identified specific communities based on various roles and reached out with captivating campaigns. 

By creatively combining referrals with contests and aspirational rewards such as trips and gadgets, they built a buzz that increased hiring numbers. Employee motivation and effective communication fostered a sense of pride and ownership. The team streamlined the candidate processing with a dedicated engine for first-level screening and quick response, ensuring a fast interview and offer process. 

They also engaged employees through the journey with medals and badges, maintained transparency, and personalized experiences for candidates. Recognizing top contributors and regularly publishing a contest leaderboard encouraged a competitive spirit. 

Overall, this reimagination led to a nearly 5% increase in sourcing through employee referrals within a year.

Dynamic Offer Experience:

Together with RippleHire, Tata AIA crafted a mobile-based visual experience to present offers, going beyond the usual content around compensation which is called the Dream Offer. Dream offer includes the Senior Management CEO, CDO and CHRO message and also showcases some of the visuals of TATA AIA culture, engagement initiatives, benefits and perks. By showcasing the company's unique culture and values in a visually appealing way, they reduced dropouts, improved joining ratios, and offered a premium and standout experience in a competitive industry.

Best-in-Class Onboarding Experience

Aiming at retention and aiming a 'WOW' experience for all our new hires, Tata AIA implemented the "Swagatam/E-Swagatam" onboarding, which included:

• DAY 1 Arrangements: Supervisor, HR colleagues and team members welcome the new joinee with a bouquet of flowers to foster the belongingness. Everything from ID Cards to seating space and laptops welcome letters was ready for a smooth start for the new joinee through a well-defined matrix of stakeholders.
• Induction & Orientation (EKTA): A carefully designed program to introduce the new joiner to the organization’s values and culture.
• Personalized Connection: Including announcements of the new joiner's background and follow-up engagement calls within the first 60 days.

These combined initiatives underline Tata AIA's comprehensive approach to employee engagement, onboarding, and continuous innovation in talent acquisition. The strategies emphasize the thoughtful integration of technology with human connection to create a robust and appealing recruitment experience.

Results and Evolution

Tata AIA, in collaboration with RippleHire, initiated a comprehensive revamp of their recruitment process. Key highlights of this effort include:

Early Stakeholder Involvement:

• Workshops for regional and zonal HR teams to increase awareness.
• Smooth transition, blending the new recruitment process with daily HR tasks.

Integration and Streamlining: Integration with other HR applications and incorporating HR user touchpoints facilitated:

• Streamlined onboarding, reducing manual follow-ups.
• Availability of vital data for processes like employee code creation and system access.

Onboarding Enhancements: The physical/digital onboarding process was made seamless by:

• Engaging the learning and development teams.
• Structured orientation programs to familiarize new employees with Tata AIA's policies and culture.

Referral Focus: An increased emphasis on employee referrals brought:

• A strong sense of belonging among existing employees.
• Transformation of employees into organizational ambassadors.
• Enhanced brand visibility within a broader talent pool.

These combined efforts of Tata AIA and RippleHire have created a more efficient and integrated recruitment process, utilizing modern techniques and emphasizing the company's culture.

Future Goals and Considerations

As Tata AIA progresses in its journey towards becoming the preeminent protection provider, they remain steadfast in their pursuit of talent acquisition excellence. The commitment of leadership and top management in adhering to policies, SOPs and guidelines has played a critical role in the success of talent acquisition initiatives. Investing time and resources in the latest technologies and building people capabilities has helped create a culture of continuous innovation.

From gamified referrals and ATS to an integrated HRIS and candidate screening engines, Tata AIA has made significant strides in deploying cutting edge technologies such as RippleHire to enhance its talent acquisition efficiency. Recognizing the dynamic nature of talent acquisition and its ever-evolving paradigms - embracing diversity, automation, technology, capability building and innovation remains at the forefront of the recruitment strategy.

As Tata AIA advances in the ATS implementation, they are targeting enhancements like a campus portal and tailor-made recruitment analytics.