EMPLOYEE ATTRITION AND RETENTION IN LIFE INSURANCE SECTOR: AN EMPIRICAL STUDY
Journal Title: PARIPEX-Indian Journal of Research - Year 2015, Vol 4, Issue 2
Abstract
Insurance is a human intensive business and therefore the role of human resource is very crucial in the growth of an insurance industry. In present days cut throat market competition, a consistent increase in the rate of employee attrition is identified as a growing critical issue among the Indian life insurance service providers. The present paper is the outcome of a descriptive and empirical based study was conducted to find out the causes of attrition and suggests the useful measures for employee retention. A market survey was done on 85 employees of private Life Insurance Companies in Vijayawada city of Andhra Pradesh state. The respondents are selected from convenience sampling method that already left the organization and the existing staff. The data was analyzed by using SPSS. A problem of employee turnover mounting particularly at the lower level, most of the employees are satisfied with the company policies, work-culture but still improvement is required in some of the HR domain like performance appraisal, Job design, perks and benefits, Work life balance etc are the main findings of the study. The paper concludes that human resource is the most important asset and success of any organization ultimately depends on how efficient and effective its manpower is.
Authors and Affiliations
Dr. V. Tulasi Das, Ch. Vijayalakshmi
Keywords
Related Articles
- EP ID EP570697
- DOI -
- Views 95
- Downloads 0
Impact of Motivational Factors on Establishment of Enterprise in Mysore
Motivational factors play predominant role in establishment of enterprises in Mysore district. Mysore is one of the emerging industrial hubs of Karnataka. Accordingly, examining the factors influence the establishment of...
ALKALINE EXTRACTION OF XYLAN FROM AGRO WASTE AND DETERMINING XYLOOLIGOSACCHARIDE (XOS) USING ENZYMATIC HYDROLYSIS.
In India, an estimated amount of 120-150 million tons of agro wastes remains as surplus per year which can be potentially used to produce various value added products like bio fuels, animal feeds, enzymes etc. These can...
SAHAJ SAMADHI OR THE EASY WAY TO MENTAL ABSORPTION IN GOD
Sahaj Samadhi is the only permanent cure or panacea for all human ills-physical, mental and psychic-for it works at the root cause thereof by changing the very outlook, attitude and temperament of a person. It liberates...
Homocysteine: Association with Preeclampsia and its Severity and Correlation with Maternal and Fetal Outcome of Preeclamptic Women
OBJECTIVES: To study the homocysteine levels among normal, mild and severe preeclamptic pregnant women, its association with severity of preeclampsia, and Maternal and fetal outcome in pregnancy for any association with...
Study on Mathematics Achievement in Relation to Rigidity among Students at Degree Level
The growth of any country ripens on the soils of Mathematics. The discipline of mathematics and its applications have found importance since antiquity. The present study has been conducted on a sample of 800 degree stud...