People Management

Why is retaining talent so important?

  • Earnings : Time is money! The adage is also true in a recruitment process. Your junior employee is an apprentice when your senior employee helps him progress in the company. Between corporate culture and adaptability, you build loyalty among your employees and they repay you. in-house training is essential, you keep your apprentice
  • Efficiency: The essential senior employee trains and has, for him, such experience that he produces quickly, efficiently and remains powerful of proposals. It is an asset to the success of the company
  • Loyalty: Apprenticeship, internal training, a senior employee or a mentor, the company's positive results reassure the future employee. The company enjoys a reputation and a stability which no longer needs to be demonstrated. Their work environment will then be conducive to creativity, collaboration and innovation.
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FINOPIA supports you

Finopia takes an integrated approach to deploying the Wawashi solution, combining co-construction workshops and the promotion of team cohesion.

Discover our offer

Talent retention strategy

Compensation and benefits

Offering competitive salaries, bonuses and benefits is essential to attracting and retaining top talent. According to a 2019 Glassdoor survey, 57% of employees would leave their current job for a company offering better pay and benefits.

Career development opportunities

Providing opportunities for growth and career development is essential to satisfying and retaining employees. According to a LinkedIn study, 94% of employees would stay with a company longer if it invested in their career development.

Recognition and awards

Recognizing and rewarding employees for their work can include bonuses, promotions, public recognition, or even a simple thank-you note.

Work-life balance

Offering flexible work organization in terms of location (telecommuting, full office, hybrid), time (part-time, staggered hours...), models (distributed work, job sharing...) can help employees maintain a healthy work-life balance and reduce burnout. According to a FlexJobs study, 80% of employees would be more loyal to their employer if they had flexible working options.

Open communication

Encouraging open communication and feedback between managers and employees can help identify and resolve any issues that may be leading to high turnover. This can include regular checkpoints, employee surveys, or anonymous feedback channels.

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Optimizing talent retention in an insurance company with Finopia

Finopia, a leading HR consultancy, has partnered with an established insurance company to improve talent retention within its workforce. This collaboration has been carried out in the past, with the aim of resolving the company’s persistent challenges in terms of staff retention.
In this past assignment, Finopia began by carrying out an in-depth assessment of the insurance company’s situation. This analysis included a study of turnover rates, employee surveys, and interviews with management to identify the main factors influencing employees’ decisions to stay or go.

Following this assessment, Finopia has identified the key factors influencing talent retention in the insurance sector. This included aspects such as competitive remuneration, professional development opportunities, work-life balance and corporate culture.
Working with the insurance company’s management, Finopia then developed tailor-made strategies to improve talent retention. These strategies included specific recommendations for adjusting compensation policies, strengthening professional development programs, and implementing employee well-being initiatives.
The implementation of these strategies has been closely monitored by Finopia, with regular follow-up to assess their effectiveness and make adjustments where necessary. Thanks to this past collaboration with Finopia, the insurance company has been able to strengthen its ability to attract and retain the best talent in the sector.
For example, the overhaul of professional development programs has enabled several key employees to advance their careers within the company, thus reducing turnover among experienced employees. In addition, the introduction of a flexible working policy has improved employees’ work-life balance, leading to increased job satisfaction and a reduction in the voluntary departure rate.
In short, the collaboration between Finopia and the insurance company has produced tangible results, with a reduction in staff turnover and an overall improvement in employee engagement and satisfaction. These concrete successes have strengthened the insurance company’s market position and contributed to its continued growth.

FINOPIA supports you

Finopia takes an integrated approach to deploying the Wawashi solution, combining co-construction workshops and the promotion of team cohesion.

Discover our offer