EMPLOYEE RETENTION AND TURNOVER MANANGEMENT IN BANKING INDUSTRY

  What is   the role of  HR   HR department is tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce. HR responsibilities include compensation and benefits, recruitment, firing, and keeping up to date with any laws that may affect the company and its employees.     Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwrite. Insurance industry workforce mainly comprised with  Service Associates ,Customer Service Managers Sales Agents, Insurance Underwriters   and Higher grade levels. There is minimum skill or educational level required to enter insurance industry as sales agent   in current level observations .  The shortage of ...

  Leadership is one of important aspects in any form of activity that involves people. Leadership may make employees either stay or leave the organisation hence it becomes one of factors that influence employee retention. Organisations spend and invest a lot in their employees and this starts from recruitment and selection, training and development, compensation and other Human Resource Management functions. This entails that letting an employee leave your  organization is a costly decision one can ever make. Various studies done regarding to the matter and revealed employee retention by associating it with other factors such as salaries, working hours, training and development, working environment and promotion among others. This study examined the link between leadership and employee retention. The study recommends provision of training to bank managers and supervisors on leadership skills since managing and leading go hand in hand. It further reminds managers and super...

  Why is it hard to find good employees? Distributed hierarchies are causing a change in traditional business functions and policies. And the only way to outdo your competitors, give exceptional customer service, and stay profitable is to foster a culture of innovation, experimentation, and creativity.To enable this culture, however, you need good employees who are engaged and feel passionate about their work and employer. But many hiring processes, including the ones deployed through online tools, do not prioritize cultivating characteristics of employees (a necessary step to end with good employees). Enterprises are guilty of ignoring their staff too, demotivating hidden talents in the process. Employers need to decide the qualities of a good employee that complement their business growth. Then adapt their hiring system, employee experience, and organizational mindset and structures to attract and keep the right talent. Its comprised with, Seamless work experience Better em...