Why need for Specialized Industry Focused Training Programme on Employee Benefits?
The challenge before any growing corporate in today’s competitive world is:
- How to attract the right talent?
- How to retain star performers?
- How to keep attrition level within reasonable limits?
One of the easiest solutions suggested is “Increase CTC” Package. The reality is that some Corporates (Business Houses) attract right talent with lower CTC package where else some with high CTC Package find difficulty in:
- Attracting right talent in the first instance
- Retaining star performers
- Are affected by high attrition rate at senior level
One of the important parameters on which the corporates can be differentiated is “Is importance given to Employee Benefits?” This leads us to the question” How to manage Employee Benefits? ” Well, the answer is provided by many Insurance companies which provide the products under the following names:
- Group Life (Term) Insurance
- Key man Insurance
- Leave Encashment Policy
- Group Gratuity Insurance
- Group EDLI Insurance
- Group Personal Accident Insurance
- Workmen Compensation Insurance Policy
- Group Health Insurance (Mediclaim Policy)
Some of these benefits have good implication of Tax Planning/ long team perspective for the employees which results in qualitative form the following:
- Employee building up loyalty to the corporate
- Has high morale, which means he turns/ emerges as a star performer
Objectives of the Training Programme:
This training programme will give an opportunity to participants to interact with faculty, who have vast experience of dealing with products which form part of Employee Benefits. Participants will be able to learn about the experience of various organizations.
This training programme is very practical in nature and is Case Study Based to provide a practical understanding of various products which form part of Employee Benefits. The aim is to discuss and come out with solutions for issues faced during purchase of these products, lodging and settlement of claims associated with the same. Tax implications will be given due importance.
The programme is structured in such a way that it promotes interaction among managers/ executives of:
- Firms who purchase Group Term Insurance Policies/ Group Health or invest in Group Gratuity Fund.
- Insurance companies involved in business development, selling, underwriting and managing products which are being sold to corporate.
- Insurance brokers who are most important insurance intermediary
- Tax consultants/ Consulting Companies, who are advising clients in designing/ compensation package in detail.
Topics to be covered:
Every session will be followed by Questions/ Answers so that high level of clarity is achieved.
- Importance of Employee Benefits in designing of Employee CTC package.
- Understanding of following, Important Clauses under:
- Group Life (Term) Insurance
- Key man Insurance
- Leave Encashment Policy
- Group Gratuity Insurance
- Group EDLI Insurance
- Group Personal Accident Insurance
- Workmen Compensation Insurance Policy
- Group Health Insurance (Mediclaim Policy)
- Claims Procedure – how to expedite it by keeping in mind the Procedural Aspects of Insurers. This will be supported with Case Studies.
- Taxation/ Legal Aspects/ Litigation
- Future Trends in Employee Benefits
Who Should Attend the Training Programme (Target Participants)?
This is a good opportunity for:
- HR Heads/ Managers/ Executives of corporates: who are involved in hiring/ negotiating with potential employees the amount/ details of compensation package.
- Managers/ Risk Mangers handling purchase of insurance policies and lodging of claims on behalf of:
- Corporates
- IT companies
- Manufacturing firms
- Educational institutes
- Hospitals
- Hotels
- BPO’s/ KPO’s
- SME’s etc.
- High Level Research Labs
- Directors – Compensations Committee (listed Companies)
- Managers/ Executives of Insurance Brokerage Firms – Business Development/ Underwriter/ Claims Department.
- Consulting firms providing services to HR Department
- Academic-Faculty members/ students specializing in HR
What you can expect from the Training Programme?
This training programme on Employee benefits Insurance will provide the participants with comprehensive, multifunctional perspective on how to understand details of specific Insurance products as an integral part of Employee’s CTC Package
Traning/ Delegate Fee:
Participation fee (Includes Training, Study Materials & Lunch)
Individual participant fee: Rs. 4000/
Group participation fee (team of 5 persons and above): Rs. 3600/- each.
Group participation fee (team of 10 persons and above): Rs. 3200/- each.
Note:
Prior registration/ confirmation are requested to attend this Training Programme, so that Certificates/ Logistics/ Study Material & Lunch can be arranged accordingly.
Contact Details
Ms. Shveta Kaushal
Om Plaza, 430/7, 1st Floor, Sant Nagar, East of Kailash, New Delhi – 110065
Mobile: 7678689961
Email: vp@ifingo.org