Adica
Aioi Nissay Dowa Insurance Company (Adica) has been selected as an Employer of Choice in The Australian Business Awards 2024. The Australian Business Award for Employer of Choice [EOC] recognises organisations that develop workplaces that maximise the full potential of their workforce through established policies and practices which demonstrate effective employee recruitment, engagement and retention.
“I’m very proud to see Adica recognised as an Employer of Choice winner for the second year running. Our longstanding commitment has always been to do the right thing by our employees and create an environment where everyone can be themselves and bring out their best. Our HR team works incredibly hard to continually improve our workplace, adjusting to the needs of our employees to make it more inclusive, supportive and productive. The best wellbeing program in the world won’t be effective without getting the basics right and the Employer of Choice is a wonderful recognition of our efforts to apply leading policies and practices, while also going the extra mile to help our people thrive.”
Aioi Nissay Dowa Insurance Company Australia Pty Ltd (otherwise known as Adica) is a medium-sized Australian general insurance company specialising in retail and commercial Motor Vehicle Insurance for the Australian market. Adica partners with Toyota Australia (Toyota) to sell and manage insurance policies under brands such as Toyota & Lexus Australia as its main business.
As one of the smaller players in its industry, Adica understands the importance of a holistic employee value proposition (EVP). As part of its overall remuneration strategy, Adica focuses on four key areas: compensation (salary and bonus), learning and development, health and wellbeing, and environment. Adica nurtures a strong and supportive culture that fosters individual expression and focuses on career development and overall employee wellbeing.
Positive culture and adherence to company values are reinforced through all aspects of performance: as a 50% weighting on all performance appraisals tied to demonstration of values, as an award category in the company’s annual Excellence Awards (‘Adica Citizen’) and through company values acting as nomination criteria in the regular reward & recognition initiatives throughout the year. Adica also undertakes regular reviews to continuously uplift the remuneration aspect of its EVP, taking steps towards greater pay and bonus transparency, and is committed to gender equity in its remuneration.
Adica’s commitment to investing in its people is demonstrated through a policy of internal promotion of employees over external recruitment, a comprehensive annual training program, and a generous training budget, with all staff supported in taking charge of their development.
Adica’s multifaceted wellbeing program centres around four key pillars: Financial, Physical, Emotional, and Connection. Each pillar has benefits and initiatives that promote the overall wellbeing of Adica employees, both at work and in their home lives.
The executive leadership team at Adica is 50% female, and there is strong female representation throughout Adica’s management. Survey results demonstrate a high level of trust and support for Adica’s management.
Adica is certified as a Family-Inclusive Workplace and is embarking on a 24-month action plan to further enhance its policies and practices. This plan aims to make Adica an industry-leading employer that supports its staff in growing their careers while balancing caring commitments. This is supported by a generous enhanced gender-neutral paid Parental Leave Policy implemented in 2022.
For information about Adica, visit adica.com.au