Webinar: How to successfully conduct staff appraisals in the insurance industry
It is becoming increasingly difficult for Insurers, brokers, loss adjusters and IFA’s to recruit and retain quality staff. The reality is that at the moment the demand for qualified experienced quality staff in insurance far exceeds the availability of these staff in the marketplace, and so undertaking a great staff appraisal process is vital in ensuring you retain and motivate your staff.
Losing staff is very expensive. Studies show that it costs a business around 75% of that person’s annual salary when they leave you and this presentation will show why that figure is so high. Think about this, you employ someone on £30,000, they hand in their resignation usually due to lack of engagement with that person by the business, this has just cost you £22,500 off your bottom line – and this is why everyone involved in running teams or employing staff should be attending this presentation!
Even if you are not yet a team leader or manager, this presentation can be helpful, as it will explore how you can create realistic targets with your employer. It will cover how best to set objectives for staff, how frequently meetings between staff and their manager should occur, how to run a development plan run alongside the appraisal process and very essentially making sure those that perform well are appropriately rewarded. If appraisals are done well then there should be NO surprises for the member of staff or their manager at the end of the year.
At the end of this event, delegates will be able to demonstrate an understanding of:
- the cost of losing staff to the business.
- how to set SMART objectives within the insurance industry
- how to best timetable staff appraisals and interim reviews
- Understand the importance of setting staff development plans that run alongside the targets set
- Understand the importance of rewarding appropriately
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.