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

Empuls

Employee retention is a critical factor in the success of insurance companies.    Recent studies reveal that employee retention rates in the insurance industry hover between 12% and 15% , with voluntary turnover rates showing an upward trend. However, there's no need to worry. 

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10 Employee Incentive Programs to Engage Your Team

Achievers

When an incentive is offered, 85 percent of workers feel more motivated to do their best. If you’re interested in discovering the most impactful employee incentive programs available for your organization, read on. What are employee incentive programs? The value of employee incentive programs.

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5 Insanely Great Company Perks That Will Draw Top Talent

Achievers

There’s no better way to build stability in your organization than by maintaining an effective employee referral program. Rewards and recognition. Finally, employee recognition programs both attract employees and keep them engaged, as Ericsson’s E-Star program demonstrates.

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Discover the top employee rewards software platforms of 2024

Achievers

But before you get too far into the weeds, it’s important to understand why recognition matters in the first place — and where it can take your organization. Employee recognition is the number one driver of engagement. Their DreamTracker feature lets employees set goals and track progress for specific items.

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4 Ways to Avoid the Dreaded High-Turnover Rate

Achievers

Events like company-sponsored happy hours or weekend getaways celebrating a strong quarter can go a long way in demonstrating to employees how much their work means to an organization. To address this, you can try setting up recognition and rewards programs that encourages daily praises and constant appreciation.

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How to Leverage Learning and Development to Improve Employee Engagement

Achievers

By connecting employees to new learning and development resources, they can reach their full potential at work, feel driven to produce stronger results, and trust that their company cares about its employees’ success.