hello friends, I am looking for number of employees in 2 indian insurance companies (ICICI prudential life and ICICI lombard co.), how i can find out? this informanction is not in Annual reports.
I want to calculate the productivity of employees.
I want to do ; premium/ number of employees.
I have data on Premium, market share, advertisement, training expenses.
(because I want to check is training is improving productivity anyway?)
help me to find out any other easy to method to calculate this?
thankyou
surbhi
If the employee numbers are not available in the annual reports, you could try estimation by looking at comparable companies. Otherwise aggregate labour cost / estimated average salary.
As to measuring employee productivity, I would not only rely on using premium in the numerator as this can be subject to variations across hard and soft insurance markets. A better measure of productivity might be to use profit before tax, or EBIT or profit after tax in the numerator. Any of those should be OK so long as you are consistent when comparing between different companies.
To iron out the variations arising from hard and soft insurance markets it might be best to analyse this data year-by-year over a period of at least five years, as that should average out the ups and downs of the insurance cycle.
You might find these information in the Mission Statements. Some companies support their Mission Statements with the HR factor.
@ Chris kelly
Thankyou for answer, and if I took EBIT/EBT/EAT on numerator, what I should take in denominator ( I am thinking to take employees remuneration)??
thankyou
surbhi
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