Struggling with Employee Retention in Insurance? Seeking Effective Tools and Advice

Hi,

Anyone can guide me on retention tools. I am currently assigned to the insurance sector and want to do something related to retention or reducing attrition.

Thanks,
Pooja

Dear Pooja,

Please use the search tool provided in this community because there is a lot of information on the same topic. If you still have specific doubts, feel free to post a query.

Thank you.

Hi Mahesh, thanks for your reply. I did the same but was not able to find something that can help me. I actually want to identify potential attrition cases and prioritize retention efforts. Can you help to design something that will not only help to retain but also to identify the probable attrition cases?

Thanks,

Pooja

Hi Pooja, as we all know, insurance is a very volatile market. Before designing anything, you need to identify various reasons for attrition. Only then can you come up with a plan that can move forward.

Understanding Attrition Causes

For your understanding, please note that attrition can happen due to:
- Lack of training
- Improper man-to-man handling
- CTC offered... etc.

You need to find out with proper feedback which reason is the most dominant among all, and then start building a plan for the same.

Regards

Thanks to all for your brilliant suggestions. I have finally worked on the RAG (Red, Amber, Green) analysis, which helps identify probable attrition.

Thanks,
Pooja

Hi,

Yes, sure. Please find attached the rag analysis.