CHANGES IN THE STAFF composition of the Insurance Corporation of Barbados Limited (ICBL) will soon be seen, as the company looks to streamline its operations and improve its overall efficiency.
According to acting CEO Goulbourne Alleyne, these changes are being facilitated by a voluntary separation package (VSP) recently presented to staff, which offers those individuals who wish to separate from the company at this time, the opportunity to do so.
“Over the last few years we have invested heavily in various systems and technologies, all of which are critical to ensuring that ICBL remains ahead of the competition. This investment has led to the automation of several processes, which are key to us providing a faster, more efficient service to our customers”, said Alleyne.
The Acting CEO stated that, “The result is that several roles within the organisation would be affected, with the focus of several employees potentially being altered. This VSP gives those individuals who may have already been thinking of a change overall, the chance to exit the company with an attractive compensation package that would otherwise not be afforded to them.”
Alleyne described the package as an “enhanced one”, noting that it was developed by management with a view to ensuring that the staff were treated fairly and appropriately recognised and compensated for the service they had provided to the company.
“Without our staff ICBL could not lay claim to being Barbados’ number one insurance company. However, as the market becomes increasingly competitive and the evolution of technology and its employment in business continues, the structure of our operations must adapt”, he added. (PR)
