Key Indicators
Office and field female staff accounted for 66% of total workforce.
Average monthly salary increase for office staff was 3.8%.
Diverse Recruitment
Farglory life aligns our talent acquisition strategy with IFRS17, ICS, and digital transformation, not only creating diverse recruitment channels but also implementing a non-discriminatory recruitment policy. We recruit candidates from different backgrounds and cultures to build a diverse team. Every year, we continue to organize the Youth Internship Program that provides diverse internship opportunities to proactively prepare for outstanding insurance talent.
Talent Retention
Farglory life establishes a competitive and fair compensation system based on employees' expertise, abilities, educational and professional backgrounds, while considering external job market standards, industry conditions, internal operating performance, and salary benchmarks. This system aims to maintain the Company's competitive edge, motivate internal talent, and stay attuned to market trends. Flexibility in retaining key talents is also ensured through strategic approaches, guaranteeing a competitive advantage in talent acquisition and retention.
- Farglory life ensures that the ratio between the salary of entry-level employees and the minimum wage in the country is 1.3:1 .
- To motivate employees to challenge themselves and enhance their skills, Farglory life conducts annual employee promotions and salary adjustments in June.
Talent Cultivation
Farglory life places a strong emphasis on talent cultivation and development, constructing a comprehensive training and development blueprint that enables employees to maximize their potential and strengths, thereby creating self-value in the workplace. Through the division of training for field and office staff, from newcomers to managerial positions, diverse training channels and programs are provided in accordance with different roles, goals, and needs. This approach ensures that every Fglife member keeps pace with industry trends and becomes a pioneer in the insurance industry.
- Office Staff Development Training：Farglory life revises our talent development strategy, which is cascaded down to each department. This strategy is aligned with the gap needs of managerial, professional, and core competencies, planning training directions, development resources, and cultural promotion. Through the framework and planning of six major training systems, comprehensive and differentiated goals are achieved. In 2023, the training focus was on the Leadership and Excellence Development Program for key section managers, Fair Customer Treatment GPS training, and digital transformation training. In 2023, a total of 557 sessions were conducted, with a total of 27,720 participants completing the training.
- Field Staff Talent Training：Farglory life places great importance on nurturing leadership talent, from developing basic sales skills and training professional competencies for managers to assisting in the development of business teams, offering comprehensive career development courses to become insurance entrepreneurs. In 2023, the total number of participants completed the training sessions for field staff was 86,651, with an average training time of 46 hours.
