OREANDA-NEWS. November 11, 2011. Recently, a Seminar named “Enterprises Talent Retaining Strategies in the Times of Cost Inflation of Labor Force” was held in Dongguan, Guangdong Province. This seminar was jointly hosted by Generali China Life Insurance Co., Ltd. (GCL) Guangdong Branch, Job5156.com and Mercer Management Consulting. Many human resources experts from well-known multinational enterprises shared their talent retaining strategies, and hundreds of human resources managers from enterprises had a heated discussion, reported the press-centre of GCL.
 
The purpose of the seminar was to give some inspirations and references to the human resources managers of enterprises, and help the enterprises retain more proper talent while reducing operation cost. In the seminar, the problem of talent outflow which enterprises are facing nowadays was discussed from multi-angle and three aspects, including “Talent Outflow Management Trilogy”, “Magic Weapon for Enterprises to Retain Talent”, and “How to Choose Insurance Provider for Employee Welfare”. The successful ways of retaining talent were also shared in the seminar.
 
As one of the organizers, from the angel of insurance industry, GCL Guangdong Branch expounded the positive significance of group insurance welfare plan to employees, enterprises and human resources managers. The GCL expert said that for enterprises, purchasing employee welfare plans means “spending a penny to do great things.” When an enterprise purchases reasonable employee welfare plan, the cost of group insurance accounts for about 1% of its total cost of compensation and welfare. However, when disease or accident occurs, the small cost can provide considerable economic compensation for its employees, thus can enhance their sense of belonging to the enterprise, and under the same cost, the effect of retaining talent was far better than increasing salaries. The GCL expert also pointed out that enterprises should choose quality insurance provider to provide employee welfare, and insurance capacity, claims efficiency and service quality of the insurance company should be focused on.
 
As the largest joint venture insurer in China, GCL’s group insurance business has been serving plenty of global 500 enterprises in China and well-known Chinese enterprises and institutions and its business scale and quality have long been No. 1 among foreign and joint venture insurers.