SlideShare a Scribd company logo
1 of 20
PRESENTED BY:

   DEBABRATA PRADHAN -10
DEBJYOTI BANDYOPADHYAY-11
          SOUMYA CHINA-27
  SUDIPTO CHAKRABORTY-32
            TANMOY DAS-34
Definitions
                     Motivation
  Motivation is a process that starts with a
 physiological or psychological deficiency or need
 that activates behaviour or a drive that is aimed at
 a goal or incentive.
               Work motivation
  Work motivation is defined as the willingness to
 exert high levels of efforts toward organizational
 goals, conditioned by the effort’s ability to satisfy
 some individual need.
Motivational factors

Many different factors can motivate
 Financial

• Pay, bonus

• Benefits for e.g: holidays, pension

 Non financial

 Sense of achievement

 Responsibility and empowerment

 Opportunities for advancement

 Challenge and enjoyment
Motivational Theories

 Maslow’s hierarchy of needs
 Herzberg’s two factor theory
 Alderfer’s ERG theory
 McClelland’s theory
Introduction to HDFC SL
Second largest private life insurance company
 in India
Leading retail service across India
o Over 567 branches across India
o Over 15000 employees all over the country
Continued growth relies on satisfied
 customers
o Depends on motivated, flexible and well trained staff
Listed amongst the 100 top companies to work
 for according to Economic Times
o Ranked 37 in India
HDFC SL’s motivation activities
 HDFC SL’s financial reward of package
 Relevant and targeted financial and non financial benefits
 Effective communication
 Intranet, newsletter, daily team meetings, 1 to 1 discussion.
 Regular staff satisfaction survey highlights view.
   Value awards
 Recognition of staff effort by themselves.
 Strategic career planning
 Personal development plans
 Training and learning opportunities
HDFC induction program : SPARSH

Employee and administration engagement program
This program covers all the aspects of strengths and
 weaknesses within the organisation.
Employee feedbacks are taken into account for the
 betterment of the organisation.
Through this program employees get more
 motivated to increase the productivity of the
 organisation
THE CASE
Case: Work motivation for HDFC SL employees

Abhishek Bhattacharya completed his MBA with specialization in HR from ICFAI, Hyderabad in 2009.He
got employed in Coca Cola in Mumbai as an executive HR trainee. But his Father died on Nov.2009 and as a
result he left Coca Cola and came back to Kolkata. He decided to stay back in Kolkata to support his family
and joined HDFC Standard Life as a Sales Manager.
After joining he realized he is nothing but a salesman, selling insurance policies to people. Having a
specialization in HR he disliked this job of a salesperson. For every failure in achieving the targets set down
he got rebuked by his boss, Mr. Ashutosh Tripathy. His boss did not listen to his problems and stressed on
achieving his target by hook or crook. Abhishek started looking down upon himself and was very low in
confidence. He was totally demoralized by his boss’s behavior and also dissatisfied with his job profile, the
signs of which showed prominently in his performance. He surfed the internet visiting various websites in
search of a new job. During this troubled times all his colleagues constantly helped him in his job and the
office environment was the only thing on his side. This included personal workstation, air-conditioned rooms,
pure drinking water, clean toilets, large canteen where he could relax with his colleagues and discuss his
problems. Beside this the security of the job interested him which included pension of Rs.3000 p.m. Death
Claim of Rs.19 lakhs, Family Insurance of 16 lakhs, family medical check-up at AMRI, Appolo Glenneagles,
Columbia Asia.
The company comes to know about his dissatisfaction in March 2010 when was asked by his boss to organize
a drama for the program Umang. In spite of being an expert in this field as he had been involved in dramas
from his school days his venture turned out to be a big flop. It was later noticed that he copied the concept of
the drama from a movie. His boss realized something was terribly wrong with Abhishek as he could not relate
his performance to his qualifications. His boss realized that Abhishek was somehow dissatisfied with his job
and hence could not perform. Mr. Tripathy observed Abhishek from March to June and concluded that he
could not perform no matter how much he tried to help him. By June he could not fulfill any target set down
for him. Mr. Tripathy sent Abhishek to regional HR-head Probal Moitra for personal counseling but Abhishek
was not satisfied with the meeting.
WHAT ARE THE REASONS BEHIND
ABHISHEK’S DEMOTIVATION ?

According to Herzberg’s theory the following criterias
 were not satisfied:

 HYGIENE FACTORS          MOTIVATORS


 •Level and quality of    •Sense of achievement
 supervision              •Recognition
 •Inter-personal          •Responsibility
 relationships            •Nature of the work itself
                          •Advancement
WHY ABHISHEK DID NOT LEAVE HIS
JOB?
 According to Herzberg’s Theory the following criterias
 were satisfied:

     HYGENE FACTORS:
     • Work environment
     • Job security
     • Company policies & administrative
       procedures
     • Inter personal relationships at work
HOW DOES THE RM DECIDES TO
MOTIVATE ABHISHEK ?
Steps taken by HDFC SL to solve the problem
Mr. Tripathy then informed Aparajit Bhattacharya, the regional manager, HDFC
SL, Kolkata-I. Mr. Bhattacharya started monitoring Abhishek and also helped him in
every task. Mr. Bhattacharya appreciated Abhishek when he did well and even when
he did not, to his surprise. During this period he got training for any difficulties
through the learning and development programs organized by HDFC SL such as
Utkarsh(different levels). This lead to enhancement and sharpening of his skill set
which gradually increased his work performance. Personalized counseling by Mr.
Tirthankar Bhattacharya appointed RM was also of great help to Abhishek.
On 5th of August, 2010 another program Tarang was organized where the regional
manager asked Abhishek to direct a drama and even permitted him to take a leave
for a week so that he could solely concentrate on his new project. The drama was
accepted as the best all over the country in HDFC SL circle. Abhishek was flooded
with congratulatory remarks from HDFC SL employees from different parts of the
country. In fact Amitav Choudhary, CEO of HDFC SL, India personally appreciated
his work and congratulated him.
Highlights of RM’s Action

 Counseling Programs


 Responsibility


 Sense of achievement
A New Dawn…
Abhishek became a famous employee in HDFC SL circle overnight and his skills got
highlighted much to his liking. This slowly changed his outlook towards the company
as he realized that his company has a lot of expectations from him. This motivated him
a lot and he created a bond between him and the company. He started working
industriously for the company as a sense of responsibility, belongingness and pride
grew in him. He started liking his job and the main features that interested him were :
Customer interaction- Interacting with the customers ,sharing their emotions and
problems in money matters and a sense of satisfaction in solving their monetary
matters by suggesting various insurance policies.
Challenging nature of the job- Once he started performing he faced the challenges in
his stride, developed innovative strategies and solutions to attack the problems and
liked the fact that he had to perform there every day and would be appreciated for his
efforts.

He soon got a promotion in the month of September to the position of Sales
Development Manager which was a result of his high performance. He then got to
supervise new employees under him who were his financial advisors. These
consultants were paid commission on the basis of insurance policies they sold.
Abhishek started motivating them to nurture their dedication towards the job to get
better performance. He provided non monetary benefits like:
•Foreign trips
•Continuous recognition of their efforts through appreciation
WHAT ARE THE REASONS THAT BROUGHT
CHANGE IN ABHISHEK’s BEHAVIOUR AND
HIS ENTIRE OUTLOOK ON THE JOB ?
According to McClelland’s theory the three factors
 that were responsible are:
Achievement
Affiliation
Power
Maslow’s theory
Alderfer’s ERG needs
What were the positive effects of
motivation on Abhishek ?
The positive effects of motivation on Abhishek were:
• Award for the Best Drama in Tarang in August.
• Promotion to Sales Development Manager in September.
• Collects premium worth Rs.15 lakhs for which that branch of HDFC
shot to the numero uno position among the other branches in Kolkata.
• Got awarded the Medal of Honour in October and Parambir Chakra in
November
• After that he got promoted to the post of Assistant Branch Manager.
Why work motivation is so important?
Motivated employees achieve more because they
 Are less likely to be absent

 Have greater loyalty

 Take more pride in work

Motivated employees result in:
Greater productivity

Better quality products or services

Lower staff turnover

Reduced absenteeism
Abhishek Bhattacharya
Motivation theory and practice in hdfc standard life

More Related Content

What's hot

summer internship report - sourcing and recruitment
summer internship report - sourcing and recruitmentsummer internship report - sourcing and recruitment
summer internship report - sourcing and recruitmentSwetaSaroha
 
A project report on ratio analysis 2016
A project report on ratio analysis 2016A project report on ratio analysis 2016
A project report on ratio analysis 2016Shakti Prasad Tiwari
 
Management information system on hdfc
Management information system on hdfcManagement information system on hdfc
Management information system on hdfcShashi Kumar
 
Mba hr & finance project may 2014
Mba hr & finance project  may 2014Mba hr & finance project  may 2014
Mba hr & finance project may 2014City Union Bank Ltd
 
KIA Motors || HR presentation
KIA Motors || HR presentationKIA Motors || HR presentation
KIA Motors || HR presentationForidur Rahman
 
PROJECT - TRAINING AND DEVELOPMENT
PROJECT - TRAINING AND DEVELOPMENTPROJECT - TRAINING AND DEVELOPMENT
PROJECT - TRAINING AND DEVELOPMENTMuzaffar Mohammed
 
Recruitment & selection process practiced by a multinational organisation a c...
Recruitment & selection process practiced by a multinational organisation a c...Recruitment & selection process practiced by a multinational organisation a c...
Recruitment & selection process practiced by a multinational organisation a c...Nikita Palkar
 
Questionnaire recruitment & selection practices
Questionnaire recruitment & selection practicesQuestionnaire recruitment & selection practices
Questionnaire recruitment & selection practicesjyoti1209
 
SIP report on Recruitment and Selection
SIP report on Recruitment and SelectionSIP report on Recruitment and Selection
SIP report on Recruitment and SelectionAnant Vijay
 
SIP SBI Project Report
SIP SBI Project ReportSIP SBI Project Report
SIP SBI Project ReportYogesh Rathod
 
SUMMER INTERNSHIP PROJECT REPORT PPT
SUMMER INTERNSHIP PROJECT REPORT PPTSUMMER INTERNSHIP PROJECT REPORT PPT
SUMMER INTERNSHIP PROJECT REPORT PPTPinkey Rana
 
Bajaj finserv Working capital case study ppt
Bajaj finserv Working capital case study pptBajaj finserv Working capital case study ppt
Bajaj finserv Working capital case study pptHarshal Pedamkar
 
hr practices at ntpc ltd
hr practices at ntpc ltdhr practices at ntpc ltd
hr practices at ntpc ltdAniket Harsh
 
Management of ICICI Bank
Management of ICICI BankManagement of ICICI Bank
Management of ICICI BankAndy Woojin Kim
 

What's hot (20)

summer internship report - sourcing and recruitment
summer internship report - sourcing and recruitmentsummer internship report - sourcing and recruitment
summer internship report - sourcing and recruitment
 
A project report on ratio analysis 2016
A project report on ratio analysis 2016A project report on ratio analysis 2016
A project report on ratio analysis 2016
 
Management information system on hdfc
Management information system on hdfcManagement information system on hdfc
Management information system on hdfc
 
Mba hr & finance project may 2014
Mba hr & finance project  may 2014Mba hr & finance project  may 2014
Mba hr & finance project may 2014
 
KIA Motors || HR presentation
KIA Motors || HR presentationKIA Motors || HR presentation
KIA Motors || HR presentation
 
MBA HR Project Topics
MBA HR Project TopicsMBA HR Project Topics
MBA HR Project Topics
 
PROJECT - TRAINING AND DEVELOPMENT
PROJECT - TRAINING AND DEVELOPMENTPROJECT - TRAINING AND DEVELOPMENT
PROJECT - TRAINING AND DEVELOPMENT
 
Recruitment & selection process practiced by a multinational organisation a c...
Recruitment & selection process practiced by a multinational organisation a c...Recruitment & selection process practiced by a multinational organisation a c...
Recruitment & selection process practiced by a multinational organisation a c...
 
Questionnaire recruitment & selection practices
Questionnaire recruitment & selection practicesQuestionnaire recruitment & selection practices
Questionnaire recruitment & selection practices
 
Wipro HR PPT
Wipro HR PPTWipro HR PPT
Wipro HR PPT
 
SIP report on Recruitment and Selection
SIP report on Recruitment and SelectionSIP report on Recruitment and Selection
SIP report on Recruitment and Selection
 
Hbl
HblHbl
Hbl
 
HBL
HBLHBL
HBL
 
SIP SBI Project Report
SIP SBI Project ReportSIP SBI Project Report
SIP SBI Project Report
 
MBA HR PROJECT.pdf
MBA HR PROJECT.pdfMBA HR PROJECT.pdf
MBA HR PROJECT.pdf
 
SUMMER INTERNSHIP PROJECT REPORT PPT
SUMMER INTERNSHIP PROJECT REPORT PPTSUMMER INTERNSHIP PROJECT REPORT PPT
SUMMER INTERNSHIP PROJECT REPORT PPT
 
Bajaj finserv Working capital case study ppt
Bajaj finserv Working capital case study pptBajaj finserv Working capital case study ppt
Bajaj finserv Working capital case study ppt
 
hr practices at ntpc ltd
hr practices at ntpc ltdhr practices at ntpc ltd
hr practices at ntpc ltd
 
Management of ICICI Bank
Management of ICICI BankManagement of ICICI Bank
Management of ICICI Bank
 
PMS OF INFOSYS
PMS OF INFOSYSPMS OF INFOSYS
PMS OF INFOSYS
 

Similar to Motivation theory and practice in hdfc standard life

Leadership Coaching Ver 3
Leadership Coaching Ver 3Leadership Coaching Ver 3
Leadership Coaching Ver 3Bomi Manekshaw
 
Project on recruitment,training and development of icici prudential life insu...
Project on recruitment,training and development of icici prudential life insu...Project on recruitment,training and development of icici prudential life insu...
Project on recruitment,training and development of icici prudential life insu...Projects Kart
 
AceNgage yXit Exit Interview Suite: Uncover the Truth and Build Actionable In...
AceNgage yXit Exit Interview Suite: Uncover the Truth and Build Actionable In...AceNgage yXit Exit Interview Suite: Uncover the Truth and Build Actionable In...
AceNgage yXit Exit Interview Suite: Uncover the Truth and Build Actionable In...AceNgage Infoservices Pvt Ltd
 
Create the happier employees in the world - Employee experience vs. Customer ...
Create the happier employees in the world - Employee experience vs. Customer ...Create the happier employees in the world - Employee experience vs. Customer ...
Create the happier employees in the world - Employee experience vs. Customer ...Jaakko Männistö
 
Rahim Afrooz corparation
Rahim Afrooz corparationRahim Afrooz corparation
Rahim Afrooz corparationRed Dot
 
Enrichmentors Business Review April 2013 Motivating People
Enrichmentors Business Review April 2013  Motivating PeopleEnrichmentors Business Review April 2013  Motivating People
Enrichmentors Business Review April 2013 Motivating PeopleEnrichmentors
 
(BridgeKnowle) Year End Checklist for HR - Companion WorkBook
(BridgeKnowle) Year End Checklist for HR - Companion WorkBook(BridgeKnowle) Year End Checklist for HR - Companion WorkBook
(BridgeKnowle) Year End Checklist for HR - Companion WorkBookKenny Ong
 
employee job satisfaction in AXIS BANK
employee job satisfaction in AXIS BANKemployee job satisfaction in AXIS BANK
employee job satisfaction in AXIS BANKGourav Sharma
 
Subject Strategic Human Resource Management Job Analysis Name .docx
Subject Strategic Human Resource Management Job Analysis Name .docxSubject Strategic Human Resource Management Job Analysis Name .docx
Subject Strategic Human Resource Management Job Analysis Name .docxpicklesvalery
 
5 Ways to Prepare Your Organization for a Successful 2020
5 Ways to Prepare Your Organization for a Successful 20205 Ways to Prepare Your Organization for a Successful 2020
5 Ways to Prepare Your Organization for a Successful 2020BizLibrary
 

Similar to Motivation theory and practice in hdfc standard life (20)

SIP
SIP SIP
SIP
 
hrm
hrmhrm
hrm
 
Hrmppt
HrmpptHrmppt
Hrmppt
 
Leadership Coaching Ver 3
Leadership Coaching Ver 3Leadership Coaching Ver 3
Leadership Coaching Ver 3
 
Project on recruitment,training and development of icici prudential life insu...
Project on recruitment,training and development of icici prudential life insu...Project on recruitment,training and development of icici prudential life insu...
Project on recruitment,training and development of icici prudential life insu...
 
We like project
We like projectWe like project
We like project
 
cv
cvcv
cv
 
Resume
ResumeResume
Resume
 
AceNgage yXit Exit Interview Suite: Uncover the Truth and Build Actionable In...
AceNgage yXit Exit Interview Suite: Uncover the Truth and Build Actionable In...AceNgage yXit Exit Interview Suite: Uncover the Truth and Build Actionable In...
AceNgage yXit Exit Interview Suite: Uncover the Truth and Build Actionable In...
 
140210116062
140210116062140210116062
140210116062
 
PXT Select - Hire Smarter - Engage Fully
 PXT Select - Hire Smarter - Engage Fully PXT Select - Hire Smarter - Engage Fully
PXT Select - Hire Smarter - Engage Fully
 
Create the happier employees in the world - Employee experience vs. Customer ...
Create the happier employees in the world - Employee experience vs. Customer ...Create the happier employees in the world - Employee experience vs. Customer ...
Create the happier employees in the world - Employee experience vs. Customer ...
 
Rahim Afrooz corparation
Rahim Afrooz corparationRahim Afrooz corparation
Rahim Afrooz corparation
 
Enrichmentors Business Review April 2013 Motivating People
Enrichmentors Business Review April 2013  Motivating PeopleEnrichmentors Business Review April 2013  Motivating People
Enrichmentors Business Review April 2013 Motivating People
 
(BridgeKnowle) Year End Checklist for HR - Companion WorkBook
(BridgeKnowle) Year End Checklist for HR - Companion WorkBook(BridgeKnowle) Year End Checklist for HR - Companion WorkBook
(BridgeKnowle) Year End Checklist for HR - Companion WorkBook
 
employee job satisfaction in AXIS BANK
employee job satisfaction in AXIS BANKemployee job satisfaction in AXIS BANK
employee job satisfaction in AXIS BANK
 
Management
ManagementManagement
Management
 
Management
ManagementManagement
Management
 
Subject Strategic Human Resource Management Job Analysis Name .docx
Subject Strategic Human Resource Management Job Analysis Name .docxSubject Strategic Human Resource Management Job Analysis Name .docx
Subject Strategic Human Resource Management Job Analysis Name .docx
 
5 Ways to Prepare Your Organization for a Successful 2020
5 Ways to Prepare Your Organization for a Successful 20205 Ways to Prepare Your Organization for a Successful 2020
5 Ways to Prepare Your Organization for a Successful 2020
 

Recently uploaded

M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdftbatkhuu1
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insightsseribangash
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfOnline Income Engine
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...lizamodels9
 

Recently uploaded (20)

M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdf
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insights
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdf
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 

Motivation theory and practice in hdfc standard life

  • 1. PRESENTED BY: DEBABRATA PRADHAN -10 DEBJYOTI BANDYOPADHYAY-11 SOUMYA CHINA-27 SUDIPTO CHAKRABORTY-32 TANMOY DAS-34
  • 2. Definitions Motivation Motivation is a process that starts with a physiological or psychological deficiency or need that activates behaviour or a drive that is aimed at a goal or incentive. Work motivation Work motivation is defined as the willingness to exert high levels of efforts toward organizational goals, conditioned by the effort’s ability to satisfy some individual need.
  • 3. Motivational factors Many different factors can motivate  Financial • Pay, bonus • Benefits for e.g: holidays, pension  Non financial  Sense of achievement  Responsibility and empowerment  Opportunities for advancement  Challenge and enjoyment
  • 4. Motivational Theories  Maslow’s hierarchy of needs  Herzberg’s two factor theory  Alderfer’s ERG theory  McClelland’s theory
  • 5. Introduction to HDFC SL Second largest private life insurance company in India Leading retail service across India o Over 567 branches across India o Over 15000 employees all over the country Continued growth relies on satisfied customers o Depends on motivated, flexible and well trained staff Listed amongst the 100 top companies to work for according to Economic Times o Ranked 37 in India
  • 6. HDFC SL’s motivation activities  HDFC SL’s financial reward of package  Relevant and targeted financial and non financial benefits  Effective communication  Intranet, newsletter, daily team meetings, 1 to 1 discussion.  Regular staff satisfaction survey highlights view.  Value awards  Recognition of staff effort by themselves.  Strategic career planning  Personal development plans  Training and learning opportunities
  • 7. HDFC induction program : SPARSH Employee and administration engagement program This program covers all the aspects of strengths and weaknesses within the organisation. Employee feedbacks are taken into account for the betterment of the organisation. Through this program employees get more motivated to increase the productivity of the organisation
  • 8. THE CASE Case: Work motivation for HDFC SL employees Abhishek Bhattacharya completed his MBA with specialization in HR from ICFAI, Hyderabad in 2009.He got employed in Coca Cola in Mumbai as an executive HR trainee. But his Father died on Nov.2009 and as a result he left Coca Cola and came back to Kolkata. He decided to stay back in Kolkata to support his family and joined HDFC Standard Life as a Sales Manager. After joining he realized he is nothing but a salesman, selling insurance policies to people. Having a specialization in HR he disliked this job of a salesperson. For every failure in achieving the targets set down he got rebuked by his boss, Mr. Ashutosh Tripathy. His boss did not listen to his problems and stressed on achieving his target by hook or crook. Abhishek started looking down upon himself and was very low in confidence. He was totally demoralized by his boss’s behavior and also dissatisfied with his job profile, the signs of which showed prominently in his performance. He surfed the internet visiting various websites in search of a new job. During this troubled times all his colleagues constantly helped him in his job and the office environment was the only thing on his side. This included personal workstation, air-conditioned rooms, pure drinking water, clean toilets, large canteen where he could relax with his colleagues and discuss his problems. Beside this the security of the job interested him which included pension of Rs.3000 p.m. Death Claim of Rs.19 lakhs, Family Insurance of 16 lakhs, family medical check-up at AMRI, Appolo Glenneagles, Columbia Asia. The company comes to know about his dissatisfaction in March 2010 when was asked by his boss to organize a drama for the program Umang. In spite of being an expert in this field as he had been involved in dramas from his school days his venture turned out to be a big flop. It was later noticed that he copied the concept of the drama from a movie. His boss realized something was terribly wrong with Abhishek as he could not relate his performance to his qualifications. His boss realized that Abhishek was somehow dissatisfied with his job and hence could not perform. Mr. Tripathy observed Abhishek from March to June and concluded that he could not perform no matter how much he tried to help him. By June he could not fulfill any target set down for him. Mr. Tripathy sent Abhishek to regional HR-head Probal Moitra for personal counseling but Abhishek was not satisfied with the meeting.
  • 9. WHAT ARE THE REASONS BEHIND ABHISHEK’S DEMOTIVATION ? According to Herzberg’s theory the following criterias were not satisfied: HYGIENE FACTORS MOTIVATORS •Level and quality of •Sense of achievement supervision •Recognition •Inter-personal •Responsibility relationships •Nature of the work itself •Advancement
  • 10. WHY ABHISHEK DID NOT LEAVE HIS JOB?  According to Herzberg’s Theory the following criterias were satisfied: HYGENE FACTORS: • Work environment • Job security • Company policies & administrative procedures • Inter personal relationships at work
  • 11. HOW DOES THE RM DECIDES TO MOTIVATE ABHISHEK ? Steps taken by HDFC SL to solve the problem Mr. Tripathy then informed Aparajit Bhattacharya, the regional manager, HDFC SL, Kolkata-I. Mr. Bhattacharya started monitoring Abhishek and also helped him in every task. Mr. Bhattacharya appreciated Abhishek when he did well and even when he did not, to his surprise. During this period he got training for any difficulties through the learning and development programs organized by HDFC SL such as Utkarsh(different levels). This lead to enhancement and sharpening of his skill set which gradually increased his work performance. Personalized counseling by Mr. Tirthankar Bhattacharya appointed RM was also of great help to Abhishek. On 5th of August, 2010 another program Tarang was organized where the regional manager asked Abhishek to direct a drama and even permitted him to take a leave for a week so that he could solely concentrate on his new project. The drama was accepted as the best all over the country in HDFC SL circle. Abhishek was flooded with congratulatory remarks from HDFC SL employees from different parts of the country. In fact Amitav Choudhary, CEO of HDFC SL, India personally appreciated his work and congratulated him.
  • 12. Highlights of RM’s Action  Counseling Programs  Responsibility  Sense of achievement
  • 13. A New Dawn… Abhishek became a famous employee in HDFC SL circle overnight and his skills got highlighted much to his liking. This slowly changed his outlook towards the company as he realized that his company has a lot of expectations from him. This motivated him a lot and he created a bond between him and the company. He started working industriously for the company as a sense of responsibility, belongingness and pride grew in him. He started liking his job and the main features that interested him were : Customer interaction- Interacting with the customers ,sharing their emotions and problems in money matters and a sense of satisfaction in solving their monetary matters by suggesting various insurance policies. Challenging nature of the job- Once he started performing he faced the challenges in his stride, developed innovative strategies and solutions to attack the problems and liked the fact that he had to perform there every day and would be appreciated for his efforts. He soon got a promotion in the month of September to the position of Sales Development Manager which was a result of his high performance. He then got to supervise new employees under him who were his financial advisors. These consultants were paid commission on the basis of insurance policies they sold. Abhishek started motivating them to nurture their dedication towards the job to get better performance. He provided non monetary benefits like: •Foreign trips •Continuous recognition of their efforts through appreciation
  • 14. WHAT ARE THE REASONS THAT BROUGHT CHANGE IN ABHISHEK’s BEHAVIOUR AND HIS ENTIRE OUTLOOK ON THE JOB ? According to McClelland’s theory the three factors that were responsible are: Achievement Affiliation Power
  • 17. What were the positive effects of motivation on Abhishek ? The positive effects of motivation on Abhishek were: • Award for the Best Drama in Tarang in August. • Promotion to Sales Development Manager in September. • Collects premium worth Rs.15 lakhs for which that branch of HDFC shot to the numero uno position among the other branches in Kolkata. • Got awarded the Medal of Honour in October and Parambir Chakra in November • After that he got promoted to the post of Assistant Branch Manager.
  • 18. Why work motivation is so important? Motivated employees achieve more because they  Are less likely to be absent  Have greater loyalty  Take more pride in work Motivated employees result in: Greater productivity Better quality products or services Lower staff turnover Reduced absenteeism