Dena Hyett’s Post

In partnership with the Insurance Times and Gerrard White Consulting, we are thrilled to publish the findings of our UK Insurance Working Policies Survey 2024. Our report dives deep into the challenges of hiring and retaining top talent in the UK Insurance sector. Discover how hybrid and flexible working policies can transform your business, boost productivity, enhance staff well-being, and improve retention.   In the report, you will discover the truth behind the value a robust and well-thought-out hybrid/flexible working policy could have on your business and you might just be surprised at some of the findings.   Link to the full report in the comments... To discuss the report results in more detail and how you can use the information to transform your talent strategies, get in touch with Anthony Butler - anthony.butler@vermelorpo.com #HybridWorking #FlexibleWorking #Recruitment #TalentStrategies #TalentSolutions #Insurance

Just finished a morning discussion with a new group prospect—here are the key takeaways! During the discussion with the new group prospect, three main concerns stood out. First, they expressed dissatisfaction with a previous insurer due to a poor claim settlement process, where delays and lack of transparency created frustration. However, their biggest concern was the poor service from their account handler, who failed to provide timely updates or proactive solutions, leading to a breakdown in communication and trust. Secondly, the HR team outlined clear expectations: they need an insurer that is responsive, transparent, and efficient in handling claims, as they want to ensure employees receive seamless support. Quick resolution of issues is a top priority to avoid disrupting employee benefits. Lastly, they emphasized the importance of a strong working relationship between the agent and HR. They expect regular updates, prompt communication, and collaboration to build trust and confidence in the partnership, ensuring the insurer becomes a reliable extension of their HR team. What do you look for in a group policies? #AIA #AIG #ChinaTaipingSG #AIACorporateSolutions #AIARegionalSolutions #RegionalEmployeeBenefitSpecialist #EmployeeBenefits #EmployeeEngagement #EmployeeWellBeing #Generalinsurance #RiskManagement

I came across an article about employee retention and its importance in the insurance industry and wanted to share my thoughts. Employee retention is critical to an insurance agency's success. It supports client stability, operational efficiency, and a strong company culture. Retaining experienced employees saves firms money on recruitment while creating a cohesive team that promotes productivity and client satisfaction. Here's why agency owners should prioritize employee retention: 1. 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗖𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝗰𝘆: Retaining experienced staff reduces turnover disruptions, ensuring reliable service delivery to clients. 2. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝘃𝗶𝘁𝘆: Motivated employees contribute more effectively, leading to improved client outcomes and agency profitability. 3. 𝗥𝗲𝗽𝘂𝘁𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗕𝗿𝗮𝗻𝗱𝗶𝗻𝗴: A low turnover rate reflects a supportive workplace, enhancing the agency's reputation as an employer of choice in the competitive insurance industry. 4. 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: Investing in retention strategies minimizes recruitment and training costs, optimizing the agency's financial resources. Have you considered boosting employee retention by supporting key roles with highly skilled, cost-effective offshore employees? Let's connect to discuss how to increase retention and improve your bottom time. Check out the retention article in my comments below! #EmployeeRetention #EmployeeSatisfaction #InsuranceStaffing #HigherOptions

70% of full-time employees expressing worry about their financial situations, according to recent research. Check out our recent blog ‘Financial Worries Among Employees’ which delves into… • How Employees are affected at work • What organisations can do to support • How finances impact the workplace For more information on the training titles we offer surrounding these topics, contact our team at hello@wellityglobal.com. #FinancialWorries #Managers #EmployeeWellbeing #WorkplaceWellbeing #BetterEveryDay

I understand the challenge of retaining talent. If you're like most business owners I work with, benefit renewal season presents itself with many obstacles. Business owners are rethinking hiring and budgets as they confront higher premiums for healthcare and other insurance. After all, benefits are a necessary attraction and retention tool but the year-over-year increase becomes hard to absorb. Let's talk about establishing sustainable strategies around your approach to employee benefits, which in return creates stability around your human capital.

Things to consider ✍ ▪ Is the cost of your health insurance coverage too high? ▪ Is your company fully compliant with state and federal regulations? ▪ Is employee turnover negatively impacting your company’s performance? ▪ Is your HR department performing as effectively and efficiently as it could be? ▪ Are your workers’ comp insurance costs higher than they should be? ▪ Are your employees seeking benefits that you currently can't provide? Improve your business ✅ ▪ Control Cost ▪ Core Focus ▪ Regulatory Compliance ▪ Attract and Retain Talent ▪ Manage workers' compensation risks ▪ Reduce payroll and accounting costs ▪ Comprehensive HR Services: Provide advanced HR solutions, including creating employee handbooks and company policies. Improve your workplace ✅ ▪ Accurate and timely payroll services ▪ Comprehensive employee benefits  ▪ Expert support for employment issues ▪ Enhanced workplace safety ▪ Improved employer/employee communications  ▪ Comprehensive employee onboarding ▪ Compliance and Legal protection It's simple. Partnering with Covenant enables business owners and managers to concentrate on their core strengths, rather than being bogged down by non-revenue generating tasks related to employment.

Would you rather have your people data siloed in your HR department ... or use it to help your team make smarter company-wide decisions? CHROs and People Analytics Leaders know this dilemma all too well. We collect lots of people data, but it isn’t helpful on its own. By harnessing the power of analytics, companies can transform this raw data — on everything from turnover to engagement — into actionable insights that can benefit your team, your customers and your bottom line. As we saw with Protective Life, a century-old life insurance firm operating across the US, this involves fundamentally rethinking HR and ensuring that relevant insights help power decisions *across* the company. Ultimately, this puts CHROs in the driver's seat, helping their company reach strategic business goals. Wendy Evesque, Matthew Hamilton

Human resources managers know employees inside and out, and this deep insight into workers’ circumstances can bridge gaps in the often unfamiliar and complex workers’ compensation process. In an interview with Louise Esola of Business Insurance, CorVel’s VP of Clinical Solutions, Karen Thomas, details why a company culture of trust and support is key to faster #returntowork and #claims closure for #injuredworkers and how #HR is equipped to lead this charge. Read on to learn more! https://bit.ly/3XUDxrj

Having trouble inspiring your employees? Tap into the untapped potential of your workforce with Well-being Your Way. Marsh McLennan Agency's Employee Health & Benefits consulting practice is committed to assisting your organization in cultivating a culture of health and employee well-being. Discover more today. #EmployeeBenefits #Organization

Having trouble inspiring your employees? Tap into the untapped potential of your workforce with Well-being Your Way. Marsh McLennan Agency's Employee Health & Benefits consulting practice is committed to assisting your organization in cultivating a culture of health and employee well-being. Discover more today. #EmployeeBenefits #Organization