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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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Top 20 Examples of Employee Incentive Programs

Vantage Circle

Incentives are a proven way to influence employee behavior and ultimately improve business output. Now there are several types of employee incentive programs that companies commonly use. A study showed that travel incentives are the most popular incentives among employees. Monetary Incentives.

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Employees may be replaceable…but at what cost?

Shareforce

What are the costs involved in replacing an employee? In this case, after considering all the above, it may, in fact, be “cheaper” for a business to simply replace an employee when the cost-benefit just does not make sense. One such technique is introducing incentives, particularly long-term incentives and awards.

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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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Top 7 Employee Benefits and Incentives

Employee Benefits

Employee retention poses a complex challenge that goes beyond merely offering a competitive salary. The prominence of employee perks is on the rise, and as such, workers’ expectations are also climbing. The Future of Employee Benefits As recruitment demands grow, so too do individual needs.

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What Female Employees Really Want in the Workplace

Achievers

The HR policies form the unforgiving backbone of an organizational culture that disengages the modern woman, even as the organization struggles to understand why it cannot meet gender diversity workforce goals, has difficulty with recruiting and hiring talented and skilled women and is challenged with low female employee retention rates.

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Why More Vacation Time Will Make Your Employees (and Your Company) Healthier

Achievers

Read on to understand why you need to enforce your company’s vacation and break time if you want to build your employee retention and facilitate the safety and wellness of your workers. Many Employees Skip Vacations Due to Fear. The answer is yes, and it centers around employee incentives. Is there more you can do?