Resignations on rise in insurance sector
Resignations amongst staff in the insurance sector have increased in the year to February 2010, despite growing fears over job security, according to new research.
The 2010 National Management Salary Survey, published by the Chartered Management Institute (CMI) and Xpert HR, reveals a labour turnover rate of 13.6% up from 12.4% in 2009.
Resignations in the insurance sector stand at 6.2%, compared to 4.1% twelve months ago.
The survey results show that employers are failing to persuade staff to stay, with requests for ‘internal transfers’ as an alternative to leaving resting at 3.4% for the sector, against a national average of 3.6%.
It also reveals that
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