Insurance sector worried over high attrition rate

 

 

 

Frontline staffs in the insurance sector  are making a flight to the IT, ITes and retail sector hitting the private sector badly.

 

Rajendra Ghag, Senior Executive Vice-President and Chief Human Resource Officer, HDFC Life said, “I would put the churn at the bottom at 100 per cent.”

 

Ghag made this announcement after  attending  a ‘town hall session’ with employees in the southern region at Thiruvanathapuram recently. Called Sparsh, this employee communication programme sees senior management of the company travel countrywide to interact with them directly.

 

Depending on a theme of the year, discussions are held to reflect on industry performance, business performance, initiative updates, achievements and organisational goals. The theme for this year is the macroeconomic situation, marked by slow growth that has made selling an increasingly difficult proposition.