The country’s largest private sector life insurer, ICICI Prudential Life, on Wednesday said it will hire 3,000 people in the next two months, debunking reports of any reduction in workforce.
“We are a growing organisation, and we have already started hiring the next round of 3,000 people over the next two months, the process for which is in full swing,” said Sujit Ganguli, senior vice president and head-marketing, ICICI Prudential Life.
The employee strength stood at 25,000 at the end of March 2009. The insurance company, which has a network of over 2,000 branches, has already rationalised its branch network for optimal utilisation of resources, he added.
“We have combined some of our branches. We have not vacated from any location where we were present and have ensured to remain in close proximity to all our customers,” he said.
The company added 40 branches to its network in the second half of 2008-09 notwithstanding branch rationalisation exercise, he said, adding that the number of branches have gone up to 2,009 as on March 31, 2009.
Employees from the rationalised branches have been moved to the nearby branches, Ganguli added.
The insurer, which witnessed a 18 per cent decline in the new business during 2008-09 at Rs 6,813 crore against Rs 8,306 crore in the previous fiscal, did not increased headcount in the last five months.
“Since December 2008 we have not undertaken any replacement hiring for the positions (front-line sales force) that have fallen vacant which has resulted in reduction of employee count,” said Ganguli.