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

Empuls

The current state of employee turnover and retention in the insurance sector According to a study by the Jacobson Group and Aon conducted in the third quarter of 2021, numerous professionals in the insurance industry are reconsidering their current roles and actively exploring alternative opportunities.

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Cafe Classic: Are Your Employees Volunteers or Robots?

Compensation Cafe

We volunteer to do it exceptionally well. Yes, appropriate and fair compensation is critical to establishing a contract with employees. That’s recognition enough!”. The fallacy in this statement lies in the fact that employees are human and not machines. We get paid to do a job. Every person on your team becomes a gift.

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 percent of payrolls.

AON 40