HRM Practices in Insurance Companies: A Study of Indian and Multinational Companies
Competitive advantage of a company can be generated from human resources (HR) and company performance is influenced by a set of effective HRM practices. In this study, we intended to assess the HR practices in insurance companies. Primary data based on 218 respondents from four insurance companies (two multinational-7 branches and two Indian-7 branches) were analyzed to assess HR practices being practiced by insurance companies in India. Six factors from factor analysis were further analyzed. ‘Training and benefits’ was found highly in practice in the insurance companies. Further, ‘performance appraisal,’ ‘selection and socialization of employees,’ and ‘HR planning and recruitment’ were moderately practised in insurance companies. ‘Workforce diversity and contemporary HR practices’ and ‘competitive compensation’ were also practised to some extent. ANOVA results showed that Indian companies did not practise workforce diversity. Compensation practices were found more competitive or performance based in Multinational insurance companies than in Indian ones. The gender effect showed that only competitive compensation was perceived significantly differently by male and female employees/executives. Interactive effects were significant on workforce diversity and contemporary issues, training and benefits, and selection and socialization of employees.
Volume (Year): 7 (2009)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Phone: 05 610 20 00
Fax: 05 610 20 15
Web page: http://www.mgt.fm-kp.si
More information through EDIRC
|Order Information:|| Web: http://www.mgt.fm-kp.si Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Aleksander Zadel, 2006. "Impact of Personality and Emotional Intelligence on Successful Training in Competences," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 4(4), pages 363-376.
- Robert Gibbons, 1998.
"Incentives in Organizations,"
NBER Working Papers
6695, National Bureau of Economic Research, Inc.
- Pirkko Pitkänen, 2007. "Intercultural Competence in Work: A Case Study in Eastern Finnish Enterprises," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(4), pages 391-408.
- Lee, Sang M. & Peterson, Suzanne J., 2000. "Culture, entrepreneurial orientation, and global competitiveness," Journal of World Business, Elsevier, vol. 35(4), pages 401-416, January.
- Waheeda Lillevik, 2007. "Cultural Diversity, Competencies and Behaviour: Workforce Adaptation of Minorities," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(1), pages 85-102.
- Astrid Heidemann Lassen, 2007. "Corporate Entrepreneurship: An Empirical Study of the Importance of Strategic Considerations in the Creation of Radical Innovation," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(2), pages 109-131.
When requesting a correction, please mention this item's handle: RePEc:mgt:youmgt:v:7:y:2009:i:2:p:191-215. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alen Jezovnik)
If references are entirely missing, you can add them using this form.