Praveen Ratnna
Phone No: +91 9811545242
LinkedIn Profile: https://www.linkedin.com/in/praveen-ratnna-6b241241/
Location: Delhi, India
Summary
Human Resource professional with 10+ years of experience in BFSI & NBFC industry with blend of business acumen and
sound knowledge of HR analytics and dashboards, recruitment strategies, Total Rewards, Performance Management System,
Information System and Policies. Proven ability in performance improvement, initiated the Performance Improvement Plan
which resulted in 50% growth in performance of underperformers.
Skills
Reward & Recognition, Compensation & Benefits, HR Data Analysis, Performance Management System, Job Evaluation,
Competency Mapping, Skill Gap Analysis, Talent Management, Policies, HRMS, Process Automation, Tableau
Work Experience
Indiabulls Housing Finance Limited, Gurugram
Chief Manager-HR Analytics, (Mar 2021- May 2021)
● Cost impact analysis and calculation of annual bonus of approx. 3000 employees.
● Designing and execution of sales and collection team incentive structures.
● Execution of hiring plan of 2500 employees in sales, operations and credit across PAN India.
● Root cause analysis of attrition to identify the reason and built a mechanism to reduce it to 15%.
● Realignment and execution of Group Term Life Insurance policy.
Bajaj Capital Ltd, Gurugram
Senior Manager-HR, (April 2017- July 2020)
● Designed and executed hiring strategy in collaboration with recruitment team and partnered with group heads for
annual manpower plan.
● Implemented recruitment and retention strategy and minimized cost by 15% and retained the existing talent.
● Managed end to end Performance Management (Goal setting, performance reviews, communication, appraisal) for both
corporate and business units for 2500+ employees.
● Analyzed and benchmarked the Compensation policy through market survey and made it competitive.
● Derived the annual appraisal process (Eligibility, proration, salary correction, rating, promotion, role criticality, impact
report, bell curve) across all the functions.
● Designed and incorporated salary structure including variable pay for new employees and ensure salary budget
guidelines are adhered.
● Collaboration with central recruitment team and Regional HR to ensure the salary bands and budgets are within the
prescribed guidelines.
● Successfully Implemented variable pay grid and executed for 3500+ employees across PAN India.
● Developed compensation dashboard (total head count, total cost, average cost, gender wise pay, function wise head
count and cost) for senior leadership team to support in strategic decisions.
● Conducted health survey for employees and their families to re-align the insurance policy and benefits.
● Succeeded in reducing the attrition by 8% through fixing the gap of exit analysis.
● Created productivity dashboard with key KPI’s to analyze the performance and support in decision making.
● Impacted growth in productivity by 50% of underperformers through performance improvement plan in FY ’20.
● Optimized annual appraisal process and reduced the time consumption by 50% through process automation.
● Re-aligned the recruitment process using attrition analysis and improved recruitment team productivity by 40%.
● Improved the productivity of sales team by 20% through restructuring the training and development program.
● Launched Mentor – Mentee initiative to give exposure to performing employees and develop future leaders.
● Designed and managed rewards programs like sales incentives, contests and performance pay of 2500+ employees.
Manager-HR, (April 2012 - March 2017)
• Improved the employee experience by minimizing the grievances by 70% through automation of R & R process.
• Designed and implemented reward polices for sales team and increased the participation by 25%.
• Collaborated with finance team for cost analysis of monthly R&R budget against the actual cost.
• Launched NEEV program for new joiners to get them better understanding of business.
• Partnered with senior leadership to re-align and establish HR policies and procedures.
• Redesigned the productivity process and aligned it with the company goals & objectives.
Assistant Manager-Operations, (April 2008 - March 2012)
• Transformed the process of business data for smooth and effective utilization of resources through automation.
• Organized & set up the process of monthly billing of fixed income, mutual funds and Insurance which has improved
the productivity by 30%.
• Succeeded in setting up of the debt recovery process for Real Estate vertical which resulted in the debt recovery of
approximately Rs 2 crores.
Senior Executive -Operations, (April 2004 - March 2008)
• Streamlined the smooth backend operation process following central operations & regional team.
Executive -Operations, (October 2001 - March 2004)
• Coordinated with sales team to minimize the loss of business.
• Validated data of the monthly business of Fixed Income and Mutual fund.
Certifications
● SHRM and HRCI certified HR analytics advanced & Generalist certification from Pro Touch
● Certified Total Reward Practitioner from Yung Minds
Education
Master of Business Administration (September 2010 - September 2012)
Sikkim Manipal University, Sikkim
Bachelor of Science, (April 1996 - September 1998)
M.L.K (P.G) College, Balrampur, UP
Volunteer Experience
HR SUCCESS TALK
President – Global Expansion & HR, (Jun-21 – Present)
• Establishing HR processes, policies and implementing new initiatives for the community.
Additional Professional Experience
• Guest speaker on HR Analytics: People insights through numbers for HR professionals on NTPC Business school.
• Keynote speaker on Amity Global Business school – Bhubaneswar on Communication Skills in Mar-22
• Appeared as panelist on HR Metrices and Analytics in the session organized by IIM – Sirmaur in Mar-22
• Featured on The Guiding Voice Podcast & Blogs on the topic of HR Analytics. https://lnkd.in/eRQpRFsa
• An article published in Prestigious Human Capital Magazine on “Startups – A Multi Investment Venture” in Nov-21
https://lnkd.in/esTFCa23
• Appeared as Jury & guest speaker on HR Analytics organized by Amity Business School Noida in Aug-21.
• An article published in Prestigious Economic Times HR World on “How hiring trends will get change post Covid-19”
in July- 2021.
https://hr.economictimes.indiatimes.com/news/trends/how-hiring-trends-will-get-change-post-covid-19/84084485
• An interview published in Prestigious Economic Times HR World on “How companies can strategically leave a
positive impact on Gen Z in July- 2021”
https://hr.economictimes.indiatimes.com/news/trends/how-companies-can-strategically-leave-a-positive-impact-on-
gen-z/84469630
• Guest speaker on “Hiring Trends – Post Covid – 19” an online session organized by Pro touch in July-2021.
https://www.youtube.com/watch?v=YjUTtWdOmdY
