Janashakthi Insurance PLC won the coveted Silver Award for the second year in a row at the recently held SLITAD People’s Development Awards.
This affirmation of its commitment to the training and development of its employees is particularly significant this year as the organization prepares for the splitting of its Life and General Insurance into separate entities, as per industry regulation.
A factor that drew praise from the SLITAD auditors was the presence of dedicated trainers that conducted personalized coaching programmes for sales staff. In some instances, training officers traveled with the sales officers and watched them conduct sales in the field. Janashakthi develops all of its own training material.
Every new recruit to the Company is assigned a Mentor to help ease their integration into the work and culture of the Company. In addition, after six months of employment, each new employee meets with a representative of the Human Resources Management Department in an assessment as to how their placement is progressing and whether any problems need resolution.
“At Janashakthi, we recognize that our people are our best asset. We spend almost Rs. 50 Million a year investing in our people. Of this, around Rs. 12 Million is used to send our employees overseas for training,” said Hasinda Fernando, Senior Manager - Human Resource Development.He added, “Janashakthi’s structured training programmes helped it stand out from its competitors in qualifying for the SLITAD award”.In the past year, approximately 1, 330 employees of the Company participated in planned training programmes.The company sponsors employees for many local programmes and courses as well. As a result, many of Janashakthi’s employees are either partially or fully ACII qualified. Many of the Management also hold double qualifications.
Top sales people are feted through the Million Dollar Round Table Competition, while an internal Million Rupee Round Table ensures that high earners receive specialized training in sales. The Annual and Bi-annual Award Ceremonies are held to reward the top performers of the Company.
Janashakthi recently upgraded its eHRM system to allow employees direct access to their personal information, from attendance records to complaints, appraisals, study loan information and even to print their own pay-slips.