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Retaining the Employees
Tags :
Insurance, Marketing
Industry :
Insurance, Investment Banking
Functional Area : India |
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About "Retaining the Employees" topic:
Dear All,
The problem that the private life insurance companies are facing is the churning of the employees. The person who comes to collect the first premium is the face of the company, but he changes his job in few months and then he grabs the customer to the other company. The customer does not get proper service in this senario. Also the trust of the company will be reduced.
The new technologies are good, but the people using these technologies are very less, its the human touch that drives the insurance business and i believe that is the reason of LIC still being on the top.
1 insight
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on topic: "Retaining the Employees"
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Employee Retention vs. Turnover K S VENKATARAMAN Introduction The days, when as a rule the employees stayed in the same company till retirement and superannuation, are gone. In past it was normal that a person joined a company and did not even think of leaving it till last. The idea of loyalty to the employer or to the institution was so strong that even difficult working conditions could not goad the employees to leave the company on their own. Only if the company was closed, seeking employment somewhere else was thought of as unavoidable, unpleasant necessity. Apart from the loyalty factor, the employment market conditions also did not favor horizontal mobility of the employees. The diffe...
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Alka Thakur
| Commented
| 2 years ago
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There is a vast difference in today’s employees as compared to the ones from yester years. Management and/or respective managers must take responsibility for their own employee retention. If they don't, they could be left without enough good...
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Mallaya Pandravada
| Commented
| 2 years ago
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I respect the experience and thoughtful summary of the author regarding the employee turnover and various aspects of dealing with the situation. I would like to add some of my points to this article. I want elucidate about two types of the...
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Insight: "Employee Retention vs. Turnover" deleted from your view.
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1
Online proposal and transaction
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Mobile Payment System
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lal kamleshwar singh
| Supported idea
"Mobile Payment System"
| 2 years ago
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Being an LICian I deeply realize that most of the problems comes as premium collection. In practice agents collect premium collection in cash from party, though they are not authorised for it. and after sometime party lodge a complain of...
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Srinivasan
| Supported idea
"Reduce the duration period"
| 2 years ago
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I don't think this option. The purpose of taking a insurance will be defeated if the duration is reduced. You have other investment option to chose to make money faster.
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Ajay
| Supported idea
"Online proposal and transaction"
| 2 years ago
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True...its not just about getting the policy but also how you will be able to manage it later, especially for the people who are frequent travellers.
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Ideate: "How insurance companies can make life easier for customers.." deleted from your view.
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