10 warning signs a great employee’s about to quit

Think you know the signs when someone’s about to quit — having lots of doctor appointments, showing up in a suit, etc.? Well, according to new research, the cues that someone is about to jump ship are much subtler.

Tim Gardner, an associate professor at Utah State University’s Jon M. Huntsman School of Business, conducted a study on voluntary turnover and found employees often showed the same behavioral changes in the months leading up to their departures.

But here’s the kicker: They’re not necessarily the kind of behavior changes you’d tend to associate with someone who’s thinking of walking out the door.

What to watch for:

Gardner’s research highlighted 10 warning signs an employee’s about to quit — as well as some warming signs employers commonly associate with job-hoppers but aren’t necessarily indicative that someone’s thinking of leaving.

First, let’s tackle the warning signs someone’s about to hand in their notice. Here’s a list worth passing along to managers so they can help you save checked-out employees before it’s too late:

  • Employees become more reserved and quiet.
  • Workers seem to “tune out” in meetings and stop offering constructive contributions.
  • Employees show an increased reluctance to commit to long-term projects.
  • Workers become less interested in opportunities to advance.
  • Staffers become less interested in pleasing their bosses and don’t seem to care about how their performance will impact their next review.
  • Workers avoid social interactions with their superiors and other members of management.
  • Employees stop making suggestions for new processes.
  • Workers only do the bare minimum and no longer go beyond the call of duty.
  • Employees become less interested in participating in training and development programs (for themselves and/or others).
  • Staffers’ productivity goes down, and they seem aware but don’t care about the problem.

Of course, it’s possible for one or two of these to apply to an employee who isn’t looking to leave — but even then, it’s still something worth addressing.

And, as you can imagine, the more that apply to a single individual, the more you can bet he or she is thinking of jumping ship.

More myth than reality?

Something Gardner and his research team — which included Huntsman professor Steve Hanks and Chad H. Van Iddekinge of Florida State University — did think was unexpected were the behaviors that didn’t make the above list.

Examples:

  • Workers having lots of doctor appointments.
  • Employees showing up in a suit.
  • Staffers who start showing up late.
  • Employees failing to return phone calls and emails.
  • Workers taking lots of sick days.
  • Staffers punching out early.
  • Employees taking more vacation time.

Gardner and his team found that these behaviors weren’t unique to perspective job-hoppers, therefore they weren’t rated as highly. But, certainly, they’re still concerning.

 

Source: HR Morning

Date: 20th April, 2016.

Indo-UK Institute of Health to come up in Hyderabad

Indo-UK Institute of Healthcare (IUIH) has come forward to set up 1,000-bed multi-speciality hospital here, it was announced on Monday.

A delegation from IUIH led by its chairman Mike Parker called on Telangana Chief Minister K. Chandrasekhar Rao, who assured all help from the government to set up the hospital, according to a statement from the chief minister’s office.

This will be one of the 11 institutes of health planned by IUIH, a consortium of Indian and British promoters.

Rao assured of allocating land near Outer Ring Road (ORR) for the facility. An MoU for the project will be signed after identifying the land.

The hospital will be set up with foreign direct investment and it will have the world-class infrastructure.

The delegation included UIH CEO Ajay Ranjan and British Deputy High Commissioner in India, Mike Nithavriankais.

Last year, Healthcare UK, a joint initiative of the Department of Health (DH), UK Trade and Investment (UKTI) and NHS England, had announced supporting Indo-UK Healthcare, a consortium of UK and India-based promoters to develop a chain of 11 Indo-UK Institutes of Health across India.

This was announced during Prime Minister Narendra Modi’s visit to Britain in November last year. An agreement was also signed on the occasion to set up first institute in New Chandigarh.

These institutes are expected to bring 1 billion pounds investment into India’s healthcare system, accompanied by strategic clinical and training partnerships with Britain’s finest NHS organisation, universities and private sector companies.

 

Source: ETHealthworld

Date: 26th April, 2016.

 

HDFC Standard Life Signs Up Indiabulls Hsg Fin as Corp Agency

HDFC Standard Life Insurance, the country’s second-largest private insurer by new business, has tied up with Indiabulls Housing Finance for a corporate agency agreement. As part of the tie up, Indiabulls Housing Finance will distribute HDFC Life retail insurance products to its customers.

Corporate agents are entities that solicit insurance policies for insurers. Agents are individuals doing the same job. Last year, the insurance regulator Irda hadpaved the way for an open architecture, allowing corporate agents like banks and non-banking finance companies to offer insurance policies of more than one company. “Having already partnered with HDFC Life to provide customers the facility to protect their home loan, we feel it is a natural extension to provide the ease and convenience to explore further options in insurance from HDFC Life for our customers,“ Gagan Banga, managing director at Indiabulls Housing Finance, said in a statement. With the new tie up, Indiabulls Housing will be able to distribute retail life, health and pension products of HDFC Life to its customers. This tie up is expected to boost HDFC Life’s reach by getting access to new customers.

“This partnership with Indiabulls provides an ideal solution where we are providing the consumers with finance as well as a suitable cover,“ said AmitabhChaudhry , managing director at HDFC Life.

Source : Economic Times

Date  : 25-04-2016

Edelweiss Tokio Life Insurance offers Rs one cr cover to each Indian Olympian athletes

Edelweiss Group firm Edelweiss Tokio Life Insurance is offering a life cover of Rs 1 crore for each athlete representing India at the Rio Olympics.

The Indian Olympic Association (IOA) today announced that Edelweiss Group will be its principal partner for Rio 2016.

“Edelweiss Group announced a life Insurance cover of Rs 1 crore for all the athletes representing India at the Rio Olympics 2016 by Edelweiss Tokio Life Insurance, the life insurance joint venture of the group,” Edelweiss Tokio Life said in a release today said.

Till date, 75 Indian athletes in eight disciplines have qualified for the Olympics and many more are likely to qualify in the next two months.

The announcement was made here in the presence of Olympic medalist M C Mary Kom and Rio Olympics qualified athletes Sardar Singh, captain of India men’s hockey team and Ritu Rani, captain of India women’s hockey team.

“The Olympics is an institution, which brings together people from all walks of life, breaks down boundaries and lays a strong foundation based on mutual trust and respect”, said Rujan Panjwani, executive director, Edelweiss Financial Services.

Source : AIP News Bureau

Date : 23-03-2016

UK agency backs cancer drug after Sanofi cuts price

Britain’s healthcare cost watchdog NICE said on Friday it had changed its mind and decided to recommend Sanofi’s prostate cancer drug Jevtana after the French company agreed to a further discount.

The NationalInstitute for Health and Care Excellence (NICE) said the improved discount was “an excellent example of how pharma companies can work with us to ensure that patients have access to all of their treatment options”.

NICE, which has taken a firm stance on the issue of the cost-effectiveness of costly new medicines, did not give details of the latest price reduction. (Reporting by Ben Hirschler; editing by David Clarke)

 

Source: ETHealthworld

Date: 22nd April, 2016

Non-life insurance premiums hit US$14.5 bln in FY2015-16

The general insurance industry has reported premium revenue of INR964 billion (US$14.5 billion), an increase of 14% for the financial year ended 31 March 2016, driven by motor and health insurance segments which are traditionally the largest segments of the industry.

Data from the General Insurance Council shows that the four government-run general insurers reported premium income of INR477 billion or 49.5% of the total premiums posted by the non-life market. The 18 private-sector insurers reported INR397 billion of premiums, while two specialised operators – Export Credit Guarantee Corporation (ECGC) and Agricultural Insurance Company – netted INR48.3 billion and the five standalone health insurers reported INR41.5 billion.

“We have achieved total premium of INR964 billion in FY16, falling short of our ambitious target of INR1 trillion by a small margin,” General Insurance Council General Secretary R Chandrasekaran said. However, he said that after taking into account inward reinsurance business, the industry would have exceeded the INR1-trillion mark in terms of written premiums.

Source:- Asia Insurance Post

Date:-22nd April,2016

Biocon Inc recalls 5,505 bottles of Simvastatin

Biocon Inc, part of biotechnology major Biocon, is recalling in the US 5,505 bottles of cholesterol lowering Simvastatin tablets for being sub-potent, according to the USFDA.

The 5,505 bottles of Simvastatin tablets in the strength of 5 mg are being recalled in a firm initiated ongoing recall due to the product being a ‘subpotent drug’, the United States Food and Drug Administration (USFDA) said in its latest Enforcement Report. The tablets are manufactured by Blu Caribe Dorado for Blu Pharmaceuticals Franklin, it added.

When contacted a Biocon spokesperson said: “The Class III recall for 5 mg tablets of simvastatin pertains to a specific lot manufactured by Blu Caribe (Puerto Rico, USA) for Blu Pharmaceuticals (Kentucky, USA) long before Biocon acquired the simvastatin ANDA from Blu.”

 

Source: ETHealthworld

Date: 21st April, 2016.