IFFCO-Tokio General Insurance hires 400 during the lockdown and rolled out annual increments
Iffco Tokio General Insurance has on-boarded 400 staff between March and May during the lockdown period. The hiring of some of the employees was planned in the first quarter but the lockdown shifted its plans. The company has completed the process over video calls and an app for the induction of new staff.
The company has also rolled out annual increments at a time that saw many employers scaling back costs. Ramesh Kumar, ED (HR, training, admin & CSR), Iffco Tokio General Insurance told that they revised the salaries according to performance and vintage, ranging from 10 percent to 30 percent for all deserving employees.
The hiring has been for sales and distribution positions in tier I to tier IV places and a few of the candidates have been anticipated to work out of single-particular person places of work. They additionally participated in a web-based induction coaching program via a cellular studying app — iLeap. The firm has organized to have laptops delivered to the staff and most have begun working remotely.
Ramesh Kumar, “We fulfilled our commitment to all the newly hired employees even during the lockdown period and on-boarded them through digital mode. This digital onboarding helped us to complete the process in a seamless manner and keeping in view social-distancing norms. We also trained them digitally during the lockdown so that they are ready to be in the market as and when the norms are relaxed.”
FFCO-Tokio General Insurance Company Limited was incorporated in 2000, as a joint venture between the Indian Farmers Fertiliser Co-operative Limited (IFFCO), which is the world’s largest fertilizer manufacturer, and Tokio Marine Group, which is one of the largest insurance groups in Japan. IFFCO holds 51 percent in the company and the remaining 49 percent is held by Tokio Marine Group.