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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 Strategies to Reduce Employee Turnover in 2024

HR Lineup

Companies must adapt their retention strategies to cater to the needs of remote employees and mitigate the challenges associated with virtual collaboration. Employee Well-being and Mental Health: The recognition of employee well-being as a cornerstone of organizational success has gained prominence.

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15 Ideas for an Unforgettable Employee Appreciation Day

Achievers

When employees feel appreciated, they perform at their best and are less likely to leave. In fact, organizations that rate their culture of recognition highly are 3 times more likely to see increased employee retention and 2.5 times more likely to see increased employee engagement, among other benefits.

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Attracting Top Mortgage Talent with Modern Recruitment Techniques

Professionals Alternative

This includes leveraging technology solutions and automation to streamline the recruitment process. The role of technology in mortgage recruitment Technology plays a crucial role in attracting top mortgage talent. Furthermore, technology can also streamline internal processes and improve productivity.

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10 Key Strategies You Need to Know to Enhance Employee Experience Management

Vantage Circle

Promote Employee Recognition Promoting employee recognition is crucial for boosting morale and motivation. When employees are appreciated for their efforts, it leads to increased productivity and engagement. The key here is to weave recognition into the fabric of your company's culture.

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24 Actionable Employee Engagement Ideas and Activities

Achievers

Providing social recognition has a significant impact on employees as material rewards do, and it leads to organizational benefits across the board: improved individual performances, better NPS scores, and even higher stock prices. It also results in improved employee retention and engagement.

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12 Employee Perks That Help Your Company Win in India?

Vantage Circle

Employees in the workplace seek an ideal working environment that promotes learning and development, work-life balance, positive company culture , and overall good experience. The Importance of Employee Perks in India In India's dynamic and competitive business landscape, the significance of employee perks cannot be overstated.