. The main theses are as follows: – Competition for resources at the labor market is constantly increasing. The decrease in tendency of growth is not expected; – Correlation professionalism / repayment terms will gradually decrease; – Potential candidates, basically, are represented by low-qualified professionals (Situation will not be a subject to changes); – The majority of large-scale insurance enterprises will face problem of marginalization of their low-qualified professionals and agents departments; – The share of workers employed by several companies simultaneously will increase inevitably (incl. direct competitors); – Basic requirements of potential candidates for conditions of work will increase. Work for perspective will attract fewer quantity of candidates; – The requirements of potential candidates and workers of insurance company concerning legitimacy of their relations with employer will increase. The requirements concerning social packages and compensations will also increase. At the same time the absolute majority of insurance companies proceeds from the assumption the competency, productiveness and loyalty of their workers will play dominant and decisive role in development of their business. So, lets examine the main requirements to HR system presented by the management of Scottsdale Insurance Company.
The Term Paper on Shipping Company Insurance Loss Ship
1. The possibility of insuring cargo was introduced earlier. How does the situation change, as far as incentives are concerned, when companies can insure their transported goods against possible shipwrecks? First of all, the companies' most important aim is to safe money. Therefore if they have to deliver their goods from on place to another, they are intent on taking care about their products. ...
The Main Requirements to HR System There are several specific requirements presented by Scottsdale Insurance Company. Lets examine the most important factors: 1. Continuous (permanent) process of recruitment of the agents. The recruitment takes place in conditions of decrease of attractiveness of the vacancies for the candidates and constant upgrowth of costs for labor power industrial intake and attracting potential candidates. 2. Demand for immediate commercial effect. New worker should start to make a profit for Scottsdale Insurance Company within 1-2 moths from the beginning of his work. Therefore, the requirements for system of adaptation of personnel are the subject to increase: initial education, tutorship, admission to work.
3. Calculation of all expenditures for personnel Scottsdale Insurance Company works in conditions of high competitiveness. Therefore, it has to take into account all expenditures for personnel: direct remuneration, compensation costs (i.e. tickets, travel documents, mobile communication costs, etc), education and training costs, employment costs, etc. 4. Consolidated service standard.
As far as Scottsdale Insurance Company has number of branch establishments, it needs to support consolidated standard of services rendered. The company has constantly to deal with tendencies of the management of branch establishments to create its own feudal hideland. 5. Close-cut separation of personnel by categories. The HR procedures of Scottsdale Insurance Company (such as employment, education, adaptation, etc) vary considerably depending on the category of personnel. For example, the recruitment of agents and recruitment of insurance professionals should be separated. 6.
Legal Risks According to the managers of Scottsdale Insurance Company, the company is exposed to high legal risks due to potentially unreliable and offended employees. Security also plays an important role. 7. Quick adaptation to changes. Scottsdale Insurance Company should have possibility to adapt to changes due to new regulations, new products and new services. As used here, it means that the company implements strategy of quick and mass retraining of commercial personnel. 8.
Client protection The company has to protect its clients from their own personnel, in addition to usage of CRM and other methods. The company has to grant just remuneration and growth for their qualified workers. 9. Transparent processes. The company should have complete internal transparency of HR strategy. This measure is used by Scottsdale Insurance Company in order to be a certain kind of remedy from malusage and misapplication of funds. Besides, transparent processes are used by the company as necessary instrument of management and growth.
The Research paper on Internal Sources Of Recruitment
1) INTRODUCTION – RECRUITMENT Definition – The process of finding and hiring the best-qualified candidate (from within or outside of an organization) for a job opening, in a timely and cost effective manner. The recruitment process includes analyzing the requirements of a job, attracting employees to that job, screening and selecting applicants, hiring, and integrating the new employee to ...
In such a way, these are the main points of HR strategy implemented by Scottsdale Insurance Company..
