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8 Tried & Tested Employee Retention Strategies in the Insurance Sector [2024 Edition]

Empuls

  In this blog post, we'll explore proven strategies to boost employee retention in the insurance industry, empowering you to keep your valuable team members amidst the intense competition in the insurance market. Companies that fail to meet these expectations may experience higher turnover rates.

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The Risks of Unmotivated Employees

Compensation Cafe

Far less often do we consider the impact from the other end of the spectrum – employees who are disinterested and unmotivated, yet continue to show up to work. . For these employees, compensation is sufficient to keep them coming through the door, but is otherwise ineffective in leading to performance.

AON 74
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Cafe Classic: Are Your Employees Volunteers or Robots?

Compensation Cafe

Yes, appropriate and fair compensation is critical to establishing a contract with employees. That’s the purpose of employee recognition – not to stroke egos or give gold stars, but communicate clearly, specifically and meaningfully on how an employee’s efforts contributed to a greater goal.

AON 45
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Where Have All the Raises Gone?

Compensation Cafe

Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. Aon Hewitt did not even start tracking short-term rewards and bonuses — known as variable compensation — until 1988, when they accounted for an average of 3.9

AON 40
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Overcoming Dark Days with Appreciation

Compensation Cafe

As Globoforce’s Vice President of Client Strategy and Consulting, Derek Irvine is an internationally minded management professional with over 20 years of experience helping global companies set a higher ambition for global strategic employee recognition , leading workshops, strategy meetings and industry sessions around the world.

AON 40
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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

This can help employers tailor their benefits packages to meet their employees' specific needs and preferences. Enhanced Data Analytics Many employee benefits platforms offer advanced data analytics tools to help organizations gain insights into their benefits programs. Wellness integration, employee well-being, health.