Sheetal Narvekar

• Led the hiring initiatives for multiple divisions including Institutional Banking Group, SME Group, and Global Transaction Services. • Collaborated with cross-functional teams to identify talent needs. • Developed strategies to attract top talent in the financial services sector, enhancing team capabilities.

Spearheaded talent acquisition efforts for diverse and specialized roles, including corporate, wholesale banking and credit card business, leading to the successful hiring of top-tier talent. Successfully led the development and implementation of an internal job posting (IJP) program, which increased internal mobility. The IJP count surged from 104 to 404, representing a growth of 300% in 12 months. Implemented a comprehensive discipline for internal job postings (IJPs) on the career site, coupled with a Leaderboard Success Program resulting in a significant boost in IJP offers. Part of the implementation of the Phenom AI Applicant Tracking System (ATS) platform, driving a significant transformation in the Talent Acquisition experience for the Bank. This platform provides an intelligent, data-driven approach to talent acquisition, enabling efficient recruitment processes, faster time-to-hire, and a seamless candidate experience. Created and monitored key metrics to assess the effectiveness of talent-sourcing initiatives and to continuously improve processes. .Approached and built networks of senior-level candidates to fill future vacancies.

As a founding team member, partnered with business leaders and management to align HR programs and processes with business needs, understand manpower requirements, and devise talent acquisition roadmaps for the team. Collaborated with management and employees to improve working relationships, drive employee engagement, and attract and retain talent. Provided insightful data to business leaders to guide decision-making in the recruitment process. Led HR automation projects (HRIS) as a project manager, this involved developing a project roadmap, reviewing it with the management steering committee, conducting User Acceptance Testing (UAT), overseeing implementation, and addressing issues during the project lifecycle. Helped the organization grow from 5 branches initially to 15 branches, including setting up a technology team. Supported performance management analysis, building reliable cases for follow-up. Coordinated onboarding and inductions for new joiners every month.

Streamlined and managed payroll process of employees based at NCDEX Ltd and NCDEX Spot Exchange Limited in coordination with external tax consultants and internal team. Streamlined and administered employee benefits system, namely, Gratuity trust and PF trust in coordination with LIC team (for Gratuity), Actuary and internal team.  Managed employee wellness program- Annual Medical Check-up, Employee Health Insurance policy, and Accident policy. Managed Employee exit formalities and full & final settlements Assisted in formulating HR operations budget schedule.

Introduced and implemented company’s first formal performance management system. Defined roles and responsibilities, developed KRAs for each function and team members in coordination with their respective Department Head, facilitated the entire Performance appraisal process including the performance rating distribution and linked the performance rating to rewards.  Developed standard HR policies including Loan policy and Flexible working policy. Introduced and Implemented Employee Group Gratuity Schemes administered by LIC, including preparation of board memorandum for approval of the scheme, finalizing trust deed, filing the scheme for approval with Income Tax Department in coordination with Tax Consultant, Opening of bank account, annual renewal of scheme and conducting actuarial valuation of gratuity liability every year. Employee Benefits-Introduced and implemented Group Mediclaim policy, Group Life Insurance policy, Group Personal Accident policy and Annual Medical Check up policy. Implemented ESOP scheme as approved by the Management- calculating the number of stock options linked to CTC as per the criticality rating assigned to employees based on their role and performance, communicating to employees about the ESOP scheme benefits and terms and conditions(vesting conditions, exercise conditions, tag along clause, exit options), Annual disclosure of Stock options details as per Accounting Standard 15. Participated in Compensation benchmarking study conducted by MAFOI consultants and evaluated the IARC’s salary vis-à-vis Market salary.  Identification of manpower requirements at all levels and recruitment of talent through internal and external sources of recruitment. Ensure 100% compliances to all applicable statutory laws and regulations, including registration of our establishment and employees with EPFO (Employee’s Provident Fund Organization). Effectively coordinated the implementation of Business Continuity Plan in the company.

On deputation at Khandwala Securities Limited Recruitment, Framing HR policy, Role Analysis

Reporting to Head-HR at Corporate Office, handling Recruitment, HR operations role, HR Database