CHALLENGES IN PROMOTING NETAQAT PROGRAM IN THE INSURANCE INDUSTRY OF KSA

Abstract

This study identifies the impact that the Ministry of Labour has on recruitment, selection, and turnover by their offered program “Netaqat” on the companies. The purpose of this study is to find solution for the problems and hindrances faced by the private sector when hiring Saudis and to fill in the gap for fellow expatriates and Saudi employees when seeking jobs in KSA. This study gives an overview of the HRM Department of five insurance companies in Saudi Arabia. There are five companies used as sample which are UCA (United Cooperative Assurance), Allianz Saudi Fransi, Gulf General Cooperation, SALAMA Cooperative Insurance Company, ACE Arabia Cooperative Insurance. The primary results were collected through questionnaires given to the HR managers and secondary data was collected to support the findings of this research. Based on the obtained results, this study provides some recommendation to increase the awareness amongst the graduating Saudi employees such as encourage existing Saudi employees for compulsory IFCE exam, enrolls in suitable training and development programs for Saudi employees, define career paths to existing Saudi employees. In addition the insurance companies should conduct seminars for awareness of their industry