Remove AON Remove Employee Recognition Remove Productivity Remove Retirement
article thumbnail

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

Empuls

  Recent studies reveal that employee retention rates in the insurance industry hover between 12% and 15% , with voluntary turnover rates showing an upward trend. Elevated voluntary turnover can lead to heightened expenses, diminished productivity, and a loss of valuable talent. However, there's no need to worry. 

article thumbnail

A 2020 vision: Is your benefits package ready for the future?

HR Morning

They’re being strategic about designing a robust package tailored to their employees’ unique needs and one that can convince upper management that this is what the company needs to retain – and attract – the right people moving forward. Currently, only about 5% of companies offer this pet perk, with an average leave time of one week.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Such platform consist of specific benefits administration software designed for managing and administering employee benefits programs. Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more.

article thumbnail

5 Performance Measurement Myths

Achievers

Here are five assumptions about measuring employee performance that need to be retired: Myth #1 – Individuals should be judged solely on their own performance. Highly engaged employees are more likely to give the kind of discretionary effort that all bosses are looking for, and that have a tangible effect on a company’s bottom line.