Successful Hr Strategy For Insurance Company example essay topic
356 words
Peculiarities of development and enhancement of HR strategy for insurance company is the issue of the day. According to number of researches the major part of insurance companies implement agential model of HR strategy. Insurance and realtor companies definitely fall under the focus of these researches. The aim of this research is to examine peculiarities of implementing successful HR strategy for insurance company, to dwell on specifics of activity of insurance enterprise taking into consideration near-term outlook of market development. The research will be conducted by the example of insurance company in order to demonstrate the work of HR department, to find out strong and weak points in HR strategy and to give recommendations.
We also define the main requirements for the HR system that will satisfy qualifying standards, examine the process of creation and development of the HR system and determine the main stages of implementing successful HR system for Scottsdale Insurance Company. Description of Organization and Business Strategy Scottsdale Insurance Company is a wholly owned subsidiary of Nationwide (R). According to description from their Website, the company "benefits from the backing of one of the largest insurance and financial service providers in the United States, an A.M. Best Rating of A+XV (superior) and a Standard & Poor's "A" rating" (Scottsdale Insurance Company Website n. p. ).
The top values of the company are as follows: Core Values: Trust, respect, passion and courage; Performance Values: Bias for Action-Passion for results, accountability, coaching and feedback, working as one team, and having fun. The company's executive team consists of Michael D. Miller, President and Chief Operating Officer, Gary L. Tiepelman, Sr. Vice President of Underwriting, Michael Horseman, Sr. Vice President of Claims, Alexia Martin, Vice President of Human Resources, Doreen K. Reine, Vice President of Operations, Joe Griffith, Vice President and Chief Information Officer, to mention a few. So, let's dwell now on the company's HR strategy. First of all we need to answer the question related to conditions Scottsdale Insurance Company works in. Scottsdale Insurance Company implements agential model of work with personnel.
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