Insurance companies are being encouraged to participate in a leading benchmarking study, backed by the Association of British Insurers, looking at how human resources practices compare across the sector.
Agenda Consulting’s Insurance HR Benchmarking is a unique human resources benchmarking study, designed specifically for the UK insurance sector in partnership with ABI, and is led by a steering group of HR directors drawn from some of the leading insurance firms.
The study, which will be published in May 2011, enables insurance firms to compare areas such as workforce composition, recruitment and retention, learning and development and employee relations with other similarly-sized firms in the insurance sector.
An information session will be held at ABI from 12-2pm on 17 February for those companies interested in taking part. Paul Cann, HR Director at Groupama will deliver a case study on how they have used the reports.
Twenty eight firms participated in 2009’s study some of which include Allianz Insurance, AXA UK, Friends Provident, Lloyds Banking Group, Liverpool Victoria and MetLife.
The study runs until Friday 25 March 2011 with participants able to submit their HR data through a confidential and tailored online service.
Participation in the study and receipt of a full analysis of its results starts at £1,500 + VAT. To participate in Insurance HR Benchmarking 2011 please visit the Agenda Consulting website here or contact Tracy Jarvis at Agenda Consulting on 01865 263 720.
Roger Parry, Director of Agenda Consulting says:
“This is a great opportunity for insurers to participate in the leading benchmarking study in the sector. Our Insurance HR Benchmarking reports show how critical effective HR management can be. This is the chance for companies in the sector to evaluate their HR policies and compare how their practices stack up against their competitors.
“Heading in to 2011, a lot of HR managers will be thinking about how to get the most out of their workforces in this current climate. Participating in our Insurance HR Benchmarking will help them identify areas where they are lagging behind other companies and areas where urgent action is needed ensure cost-effectiveness and efficiency.”
Anne Chatterley, HR Director at the Association of British Insurers says:
“People management is a critical success factor for insurance companies and benchmarking is vital for any organisation wishing to compare their practices with their peers in the sector.”
“Participating in Insurance HR Benchmarking in 2011 will help organisations share best practice, identify any gaps and look at the current trends in HR practice across the insurance sector.”
Philip Gennoy, Director of HR for Allianz, says: “Insurance HR Benchmarking provides a very robust and thorough analysis which enables our team to consider where our strengths lie and where our effectiveness could be improved.”
Kate Guthrie, HR Director at Lloyds Banking Group says “At LBG Insurance, we have been working with the ABI and Agenda Consulting on the Insurance Industry HR Benchmarking. We have now got some very useful data which is helping us with our thinking and how we can best help drive the performance of our business. As we broaden the participants for the survey in 2010 I am looking forward to more comprehensive benchmarking.
