Sector: Insurance Services
Size: Over 5000 employees
Major research shows that women are successful in the insurance sector as insurance selling is done on elements of trust and goodwill.
While the ratio of number of women employees is healthy up to middle management levels, data showed that after a point they seem to either drop out or choose at this level. To have an edge over competition is important that women occupy decision making positions; however that is a possibility only when there is a healthy pipeline of talent available, currently that is not the reality
Step 1: Identification & selection of 20 out of the 50 identified talented women employees. The selection criteria were inner spirit, passion and a personal dream.
Step 2: Assessment / pre work around personal ambition and future dreams
Step 3: We designed a 6 month long modular programme whose focus was to “Build Leadership skills realise personal and professional dreams”
Some of the topics covered included:
Step 4: Action learning projects with a market focus were identified and the women participants executed these projects under the mentorship of a senior leader of the organisation
Step 5: Personal coaching sessions supported the journey: life, maternity & executive coaching was provided
Step 6: Formal review session of the action learning projects by the CEO and other members of the Management committee
Step 7: After the programme formal IDP’s have been developed and the implementation of the IDP is in progress. The participants are supported by an internal coach & their immediate line managers
Identification of 5 women leaders who showed the spark and talent to be groomed for leadership positions in the future
The Success factors: