Jubilee Life Insurance

Group Member

• Awais Khan

• Musharaf Hussain

• Ishtiaq Mazhar

• Muntazir Hussain

• Babar Ali

Background Background

• New Jubilee Life Insurance Company Limited Incorporated in Pakistan on the 29th of June 1995.

• New Jubilee Life Insurance started its operations on 20 June 1996.

• Its shares are quoted on Karachi Stock Exchange with a paid up capital of Rs. 627 Million.

Continue……

• Jubilee Life is a subsidiary of the Aga Khan Fund

for Economic Development (AKFED),

Switzerland. 

• AKFED is the economic development arm of

the Aga Khan Development Network (AKDN), a

group of private, non-denominational

development agencies

• With successful projects across Asia and

Africa, AKFED is one of the world’s

foremost private development agencies

active in the fields of industry, financial

services, tourism development and

infrastructure.

Continue……

Organization Structure

Job analysis

• We are going to conduct job analysis in order to make a job description for orient enterprises to help in recruiting a Group manager.

• We have used a qualitative method for this purpose and conducted a questionnaire.

• New Jubilee insurance has any present job description for hiring a marketing manager but we are helping to hire a group manager.

• We use different type question to get the require information which us in job description.

• Education• Experience• Job Complexity• Working Condition• Motivation

Job Analysis Questionnaire

Job description

• Duties and responsibility • Competencies and skills• Qualification• Experience• Job’s performance measures• Process• Organization• Knowledge

Advertisement

Continue……

• New Jubilee Insurance company in Peshawar Branch the have total budget is Rs.50,000

• The advertisement will publish in Mashriq news paper.

• Mashriq News Paper will charge Rs.4000 per ad.• They are mostly use promotion strategies for

empty vacancies.

Selection Process:

• Initial Screening:

• The entire applicants who apply for the post will be

screened.

• The applicants who do not meet the required

criteria for the post will be eliminated. The criteria

for the post are to be based purely on the job

specification

• Application Forms:• The applicants who pass the initial screening stage

will be required to fill the actual application/ employment forms and submit them duly.

• Employment test:• All the potential candidates who have successfully

passed the above two levels for Range I, II & III are required to undergo a selection test arranged by Human Resource Department. Those obtaining 50% or above points will go to the next step in the selection process.

Continue……

• Comprehensive interview• The interview will be a structured interview

format• Interview will be consist of complex and

practical questions• The company will follow a professional

standard of interview process • Interview form will be consist of some

educational background and experienced.

Continue……

Continue…….

• After the employment test, interviews will be

conducted in order to get in depth knowledge

about the applicants from all candidates with

50 % or above marks in the test.

• The successful will be interviewed two times by

two different concerned officials sequentially

• Branch manager

• Regional manager

• Then the top 3 selected applicant’s names details and

the grading sheets will be forwarded to the head

office for approval.

Continue……

• Job conditions:

• The top 3 applicants selected for this post will

need to satisfy job condition and their

signatures on stamp papers become

mandatory.

Continue……

• The individuals who are unable to comply with

the conditions are screened out.

• The compiled applicants need to give their

consents for their background investigation.

• Salary package, three year contract and work

schedule are discussed here too.

Continue……

• Background investigation

• HR will verify the details provided by the applicants from

the officers and verify their highest educational degrees/

certificates from the concerned university/ board.

• Feedback from their last employer will also be obtained

with regards to their honest, integrity and performance

before confirmation of services.

Continue……

• Permanent Job offer

• After all the conditions and procedures are

complete, the head office on recommendation

by the branch manager and regional manager

will approve and select the best applicant from

the top 3.

Continue……

• Permanent job offer/ appointment letter will be

issued by Human Resource Department to be

jointly signed by authorized signatories i.e.

recruitment manger/ DGM/GM HR as the case

may be.

Continue……