Empowering Life of Our Stakeholders
With a people-centric approach, we strive to create a workplace where our employees feel valued, supported and inspired to reach their full potential. We prioritise engagement, meaningful connections and a culture of continuous learning and development. Together, we build a dynamic and resilient workforce for a brighter tomorrow.
Material issues
Strategic objective
Focus areas
Key highlights
Diversity and inclusion
At SBI Life, we believe in driving collective growth and providing equal opportunities to employees irrespective of their gender, age, and background. Our ongoing initiatives, including Project Shakti, have played a pivotal role in driving progress and increasing the representation of women employees within our organisation.
Over the past three financial years, we have made significant progress in increasing the percentage of women employees from 15.9% to 19% while simultaneously expanding our total headcount from 16,759 to 20,787 employees.
Employee engagement and recognition
We prioritise building strong relationships and a sense of belonging among our employees through meaningful initiatives and programmes. We organise inter-departmental off-site meets, team dinners and exciting Pre Sangam activities like Sports Day and Online Games. Our annual event, "Sangam", provides an opportunity for employees and their families to showcase their talents and participate in a day filled with fun and camaraderie.
In addition, we organise various engaging activities throughout the year, such as International Yoga Day sessions, marathons, workshops on art and craft for employees' children, cooking classes, painting competitions and a special food fest on Independence Day. These initiatives create a sense of belonging and foster a positive work environment where employees can connect and collaborate, contributing to their overall wellbeing and satisfaction.
Going Extra Miles (GEMs)
We understand the importance of recognising outstanding efforts beyond monetary rewards. Our "Going Extra Miles" programme honours employees who demonstrate consistent efforts and dedication. We have considerably increased the number of awards given to deserving individuals, fostering a culture of recognition and engagement.
All Ideas Matter (AIM) initiative
We value the diverse perspectives and contributions of our employees, recognising that their insights can drive positive change and innovation within our organisation. AIM empowers our employees to actively participate in shaping our future and fosters a culture of continuous improvement and collaboration.
Employee health and well-being
We recognise that the well-being of our employees is paramount. To support their overall health and wellness, we have implemented a range of initiatives. These include:
Embracing flexible work arrangements
In response to evolving work dynamics, we embraced flexible work arrangements, including work-fromhome practices. This initiative allows our employees to maintain a healthy worklife balance while ensuring business continuity and productivity.
Learning and development
Our learning and development (L&D) department is dedicated to enhancing the skills and knowledge of our employees. We understand that continuous learning is essential for achieving our organisational vision, mission, and strategic objectives. Through L&D, we equip our workforce to overcome workplace challenges while aligning with our business goals.
In a dynamic market landscape, where regulatory changes and emerging trends shape the industry, we recognise the need for continuous upgradation. We foster attributes like open-mindedness, problemsolving and agility, empowering our stakeholders to adapt and succeed. Our approach combines technology and traditional classroom interventions to maximise engagement and learning outcomes.
Tailored learning initiatives
We understand that a one-size-fits-all approach is ineffective when it comes to training. Different stakeholders have unique training needs based on their roles and responsibilities. Thus, we design customised training interventions that cater to these specific requirements and align them with individual learning paths. With strong support from our leadership and effective execution on the ground, we deliver impactful learning interventions that drive growth and excellence.
Learning programmes
In FY23, we invested significantly in the skill and knowledge enhancement of our employees through a robust blend of classroom and digital learning. We leveraged our cutting-edge digital learning platform, eShiksha, to provide immersive and engaging learning experiences to our employees.
Ensuring seamless onboarding
We understand the importance of a seamless onboarding experience. That is why we have introduced tailored programmes to ensure our nonSales and Sales employees transition smoothly into their roles.
Empowering middle management
Leadership development
We are committed to nurturing strong leadership within our organisation. To reinforce leadership skills, we have collaborated with premier institutes to offer programmes like:
Retirement support programme
Our commitment to our employees extends beyond their working years. We understand the importance of a fulfilling retirement and that is why, we have organised the Health Fullness and Well-being in Golden Years programme. This initiative assists our retirees in maintaining their health, well-being, and overall quality of life.
Frameworks for continuous growth and learning
Understanding the need for continuous learning and engagement, we have implemented various frameworks. These frameworks keep our employees motivated and invested in their development.
Celebrating excellence in L&D
Our dedication to creating a culture of continuous growth and innovation has been acknowledged through prestigious awards and accolades. These awards showcase our relentless pursuit of excellence in learning and development, as well as our commitment to delivering high-quality training programmes that empower our employees to thrive and succeed.
