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Investigating the Determinants of Employee Performance for Sustainability: A Study on the Bangladesh Insurance Industry

Author

Listed:
  • Sadia Afrin

    (Faculty of Business and Communication, Universiti Malaysia Perlis, Perlis 02600, Malaysia)

  • Muhammad Asyraf Bin Mohd Kassim

    (Faculty of Business and Communication, Universiti Malaysia Perlis, Perlis 02600, Malaysia)

  • Mohd Faizal Yusof

    (Faculty of Resilience, Rabdan Academy, 65 Al Inshirah Street, Abu Dhabi 22401, United Arab Emirates)

  • Md. Sharif Hassan

    (Faculty of Business and Communication, Universiti Malaysia Perlis, Perlis 02600, Malaysia
    Department of Business Administration, University of Asia Pacific, Dhaka 1205, Bangladesh)

  • Md. Aminul Islam

    (Faculty of Business and Communication, Universiti Malaysia Perlis, Perlis 02600, Malaysia
    Faculty of Business and Entrepreneurship, Daffodil International University, Dhaka 1216, Bangladesh
    School of Business Administration, East Delta University, Chattogram 4209, Bangladesh
    Faculty of Social Science and Education, Universitas Ubudiyah Indonesia, Banda Aceh 23231, Indonesia)

  • Khairun Nisa Binti Khairuddin

    (Faculty of Business and Communication, Universiti Malaysia Perlis, Perlis 02600, Malaysia)

Abstract

Employee performance is the secret to success for every company. Companies want their employees to understand the company’s vision and objectives and meet the individual goals set by the managers. The insurance industry in Bangladesh has stagnant growth compared to other industries. Moreover, insurance companies are lagging in managing human resources, especially permanent employees. Sustainable employee performance will help companies to achieve sustainable growth. This study aimed to identify the influencing factors that impact sustainable employee performance of insurance industry employees in Bangladesh. The study utilized the social exchange theory as the underpinning theory. The study modified the social exchange theory and proposed a research framework with five indicator variables: compensation, job satisfaction, work environment, leadership style, and motivation. The survey included 200 insurance company employees from various departments and companies. The collected data were analyzed using the partial least square–structural equation modeling (PLS–SEM) method using SMART PLS 3.2.7 software. The findings revealed that all the factors significantly positively impacted sustainable employee performance. The results of the study are helpful for academicians and researchers to analyze employee performance further. In addition, the results will help insurance companies and policymakers to make appropriate decisions to ensure sustainable employee performance in the organization.

Suggested Citation

  • Sadia Afrin & Muhammad Asyraf Bin Mohd Kassim & Mohd Faizal Yusof & Md. Sharif Hassan & Md. Aminul Islam & Khairun Nisa Binti Khairuddin, 2023. "Investigating the Determinants of Employee Performance for Sustainability: A Study on the Bangladesh Insurance Industry," Sustainability, MDPI, vol. 15(7), pages 1-16, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:7:p:5674-:d:1105922
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    References listed on IDEAS

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