Hiring from each other is a common practice amongst insurance companies. Employees, especially in middle and junior levels of the sales function, tend to move amongst insurance companies. Availability of quality talent is still scarce. Given the huge demand for talent, and since not all of this requirement can be met by fresher, companies tend to poach from competitors.

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

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

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. This way they may be able to effectively manage attrition and regulate indiscriminate employee movement. The forum will also seek ways to eliminate fake CVs.
__________________
Happy Sharing

Hemant

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