LIC plans MBA courses for its officers

Life Insurance Corporation of India plans to tie up with management institutes to offer its employees a special MBA programme. They will offer this postgraduate programme to officers who have been with LIC for more than 10 years. Since we find it difficult get people from the market, they are planning to build on their existing talent.

Retention of human resources was a big challenge for LIC. They are storehouse for trained manpower, but this has also become a weakness. With the government as owner, there are limitations.

They cannot pay huge salaries and our incentives are mainly intangible and invisible. In a recent employee engagement and satisfaction survey conducted in LIC, employees said that they were ‘happy with the business growth of the corporation’ and enjoyed the ‘social status’ attached to their being part of a brand like LIC.

Source: www.insuremagic.com