SiCRED gives the insurance fund for loyalty ‘Life with Savings’, for the second consecutive year

Multiple industries Albania Albania
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Challenge

Following the successful first maturity distribution in 2017, SiCRED sh.a. needed to demonstrate the continued viability and success of the 'Life with Savings' product as more companies adopted it and subsequent generations of employees reached the 7-year maturity milestone. The challenge was to show that the product could deliver consistent results across multiple employers and employee groups over time.

Through the 'Life with Savings' insurance product, SiCRED aims to provide an example and pave the way for Albanian companies to embrace this scheme as a way to ensure fair and long-term employer-employee relationships.

Multiple companies (second generation maturity) SiCRED sh.a.

Solution

SiCRED sh.a. continued to administer the 'Life with Savings' insurance product for multiple companies, managing the second generation of maturity distributions. The company organised formal events at SiCRED premises to celebrate and distribute the loyalty funds to employees who had completed their 7-year employment periods. The Human Resources Director, Mrs. Vjosa Bodo, led the events, expressing gratitude to employees who had given their precious contribution to their respective companies over more than 7 years. The solution continued to demonstrate SiCRED's commitment to promoting fair and long-term employer-employee relationships.

Results

The end of 2017 marked the maturity of the insurance product 'Life with Savings' for the second generation of employees rewarded with the 'Loyalty Fund'. The successful distribution of benefits to this second generation of employees demonstrated the sustained success of the product. For the third consecutive year (as noted in the 2019 version of this article), SiCRED continued to give the reward of Loyalty Fund 'Life with Savings' for subsequent generations of maturity of this product. The repeated success of these distributions showed that the product had become established in the Albanian market and was delivering consistent value to both employers and employees across multiple organisations.

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