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Attrition reduces by 27% y-o-y through effective talent management, ETHRWorld

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hr.economictimes.indiatimes.com | www.ETHRWorld.com

Highlights

  • According to Banerjee, internal job posting platforms and talent mobility programmes help in improving employee retention and stickiness, building strong succession plans within the organisation and also reducing dependency on external hires by a considerable percentage.
  • The successful implementation of the Great Manager Programme at the organisation has led to the reduction of attrition by 27 percent year-on-year at the company, which includes high rates of infant attrition.

<p>Santanu Banerjee, CHRO, Bajaj Allianz Life</p>
Santanu Banerjee, CHRO, Bajaj Allianz Life

Headquartered in Pune, Maharashtra, Bajaj Allianz Life, the 6th largest insurance company in India, has a total staff strength of over 23,000 full-time employees.

Over and above this number, the company also employs a gig workforce, and about three-fourths of the total employees at the organisation are sales professionals, all operating through 506 odd branches spread over the subcontinent.

The overall gender ratio of Bajaj Allianz’s employees is 23 percent. In absolute terms, the company has over 5,200 on-roll women employees in its workforce.

In an exclusive interaction with ETHRWorld, Santanu Banerjee, Chief Human Resources…

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