Hello Hemant,

>The private Insurance Companies aim to syndicate norms for employee movements for the industry, the way BPO sector has done.<

If they would syndicate good management practice, employee movements would be reduced.

>The sales staff usually just walks out of the company without following the basic decorum.<

Perhaps some sales staffs are mismanaged.

>They want to create a basic norm which will ensure that when an employee quits, he follows all the formalities and then only he can join the next company.<

I think that is putting the cart before the horse. Fix managers' behaviors and the employees' behaviors will follow.

>This way they may be able to effectively manage attrition and regulate indiscriminate employee movement.<

Employees move for reasons that are related to how they are managed.

>The forum will also seek ways to eliminate fake CVs.<

Isn't background checking a common practice?
Ferns