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“Maximising your staff retention programme with Generali Vietnam Life” was the title of a seminar held last week in Ho Chi Minh City, the first gathering of what Generali plans to be an annual event.
Ainsley Oliveiro, Asia-Pacific manager for Generali Employee Benefits, said Vietnam was increasingly focusing on utilising employee benefits programmes to retain staff and enhance productivity. Employee benefits insurance is a tool within a company’s employee compensation and benefit framework that combines the benefits of cost optimisation and risk management.
Apart from basic salary, employees’ top consideration is security for and dependents, Oliveiro said. A human resource strategy that integrates the optimal use of employee benefits will support a company in attracting, developing and retaining qualified staff.
Generali Vietnam Life CEO Simon Lam said: “Being a new player in the Vietnamese market, we are committed to bring in positive differentiation. Our goal is to bring better choices to our customers and set new standards for the life insurance market in general and the employee benefits market in particular.”
Generali Vietnam Life launched its group business in October, 2011 and now provides insurance coverage for more than 5,000 policy-holders from multinational and Vietnamese companies.
Generali Employee Benefits, a unit of the Italian insurance group Generali, provides employee benefits solutions to multinationals throughout the world, including ones operating in Vietnam.