Mangalmay Journal of Management & Technology
Year : 2019, Volume : 8, Issue : 2
First page : ( 61) Last page : ( 70)
Print ISSN : 0973-7251. Online ISSN : 2230-729X.

A Study on relationship between Employee Engagement and Retention Practices in the Insurance Sector: A Study of MAX LIFE Insurance

Rayat Ruchi

Assistant Professor, Mangalmay Institute of Management & Technology, Greater Noida

Online published on 18 April, 2020.

Abstract

In today's aggressiveness business world, employee engagement and retention has attracted many eyeballs of the management researchers. It has a high impact on the performance and goodwill of the organization. Lot of research is conducted to understand connect between employee engagement and his retention in the organization. But most of the research is done in other sectors. Not much research is evident in insurance sector. The comprehensive studies with respect to insurance sector areyet to be produced by the management scholars. It is mandate for every business association to have sound employee engagement system that would minimize attrition rate of employees. Keeping the same perspective into consideration, the study has been initiated to locate factors influencing employee engagement and retention in insurance sector with special reference to MAX LIFE. On the basis of empirical study, the paper depicts a model that establishes factors of job engagement like growth opportunities, competitive compensation, supervisor relations and employee involvement.

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Keywords

Job Engagement, Competitive Compensation, Supervisor Relations, Employee Involvement, Insurance Sector.

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