Work Life Balance Practices of Insurance Companies in India /
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Classical Publishing Company
2017
|
| _version_ | 1830924071657799680 |
|---|---|
| author | Das, Sudhir Chandra |
| author_facet | Das, Sudhir Chandra |
| author_role | aut |
| author_sort | Das, Sudhir Chandra |
| author_variant | s c d sc scd |
| building | CSSSC Library |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>06865nam a22001817a 4500</leader><controlfield tag="003">OSt</controlfield><controlfield tag="005">20191017092526.0</controlfield><controlfield tag="008">180328b xxu||||| |||| 00| 0 eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9788170547204</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="c">CSSSC</subfield></datafield><datafield tag="080" ind1=" " ind2=" "><subfield code="a">331 DAS</subfield></datafield><datafield tag="100" ind1=" " ind2=" "><subfield code="a">Das, Sudhir Chandra</subfield><subfield code="e">author</subfield><subfield code="9">8080</subfield></datafield><datafield tag="245" ind1=" " ind2=" "><subfield code="a">Work Life Balance Practices of Insurance Companies in India / </subfield><subfield code="c">Dr Sudhir Chandra Das</subfield></datafield><datafield tag="260" ind1=" " ind2=" "><subfield code="a">New Delhi</subfield><subfield code="b">Classical Publishing Company</subfield><subfield code="c">2017</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">298p.</subfield><subfield code="c">21cm.</subfield><subfield code="f">hb.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Insurance sector constitutes a large part of the Indian economy both in terms of employment potential and its contribution to national income. Insurance has been called the “DNA of Capitalism” and the “Oxygen of free Enterprise”. The Insurance industry in India has undergone transformational changes over the last 16 years. Liberalization has led to the entry of the largest insurance companies in the world, who have taken a strategic view on India being one of the top priority emerging markets. The industry has witnessed phases of rapid growth along with spans of growth moderation, intensifying competition with both life and general insurance segments having more than fifty (50) competing companies, and significant expansion of the customer base. There have also been number of product and operational innovations necessitated by increased competition among the players. Changes in the regulatory environment had path-breaking impact on the development of the industry. While the life insurance industry got affected by the introduction of cap in charges, the general insurance industry got impacted by price de-tariffication and motor third party risk pooling arrangements. While the insurance industry still struggles to move out of the shadows cast by the challenges and uncertainties of the last few years, the strong fundamentals of the industry augur well for a roadmap to be drawn for sustainable long-term growth. The available headroom for development, sustainable external growth drivers, and competitive strategies would continue to drive growth in the gross written premiums. Indian Insurance Sector, no doubt has shown incredible growth over the past years, and positively there are more chances for much better growth in coming time but employees of insurance companies have become more of workaholic, as their job is target centric, they have to achieve their targets in the stipulated time at any cost. It’s evident that on one domain they are giving their best, but on the personal domain they are the failures. There’s an extreme need to have a proper balance between their professional and personal domain so that either of the two domains don’t create conflicts. Work-life balance is about creating and maintaining supportive and healthy work environments which will enable employees to have balance between work and personal responsibilities and thus strengthen employee loyalty and productivity. In “Work-Life Balance Practices of Insurance Companies in India”, calls as the blueprint to optimise human assets, discusses several latest concepts, practices and approaches. The thinking behind this book has emerged from a variety of sources: extensive reading of both practioner and academic literature; interviews with line managers, human resource professionals and 440 respondents of managerial and clerical cadre employees of select insurance companies in India. The initial realization was how complex the issue is and how unhelpful so much of the work-life balance literature is in helping people work out appropriate responses to the issues. As a result, a number of models have been developed to try to explain more clearly the interaction between different forces that affect the work-life balance equation. In particular, “Outcome of Work-Life Balance Practices: Ordinal Regression Analysis” attempts to provide a structure against which specific indicators of WLB practices to create a culture supportive to enhancing employees job satisfaction and work-family conflict. This book is a unique combination of theory and data as Edward E. Lawler III (1971), distinguished professor of business at the University of Southern California, Marshall School of Business, pointed out “Theory without data is fantasy, data without theory is chaos”. A unique notable feature of this book is that it gives step by step directions so called epistemology in drawing logical conclusions and generalization. The book has been divided into ten chapters with huge applications of appropriate statistical tools. In the first chapter, the author tries to conceptualize the Work-life balance with mixture of sufficient literature on national and international domain. In the second phase an attempt has been made to provide an overview of the Indian Insurance Industry which includes appraisal of insurance market, and milestones since 2000. An emphasis also been thrown on the other important and emerging aspects of Indian Insurance sector which includes HRD in Indian insurance sector, problems and challenges in the insurance sector, and the change ahead for the insurance industry. In the third part the author has identified major five factors which include work facilitator, family obligations, employee assistance program, personal time and job context are considered as the major dimensions of work-life balance practices among the insurance employees, as the Eigen values are over 1 which accounted for about 56.89% of variation in data. In the fourth part, author did an analysis of workplace factors of work-life balance has been done with the help of Independent sample t-test and one way between groups ANOVA with post-hoc comparisons. At the fifth section deals with an evaluation of family and personal commitments factor of work life balance. The evaluation has been done in order to know whether there exists any significant difference or not. An appraisal of job content factor of Work-Life Balance has been done using Independent sample t-test and one way between groups ANOVA with post-hoc comparisons in the sixth chapter. At the seventh part an evaluation of situational issues factor of Work-Life Balance has been done with Pearson-chi square and Kruskal-Wallis (H) test on the basis of demographic information of respondents. An assessment of employee assistance programmes factor of Work-Life Balance. Independent sample t-test has been applied on type of organization, nature of organization, job cadre, gender and marital status in the eight chapters. An attempt to explore the impact of independent WLB variables on work life conflict and job satisfaction in Indian insurance industry has been done in the ninth chapter. 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| id | csssc.28523 |
| illustrated | Not Illustrated |
| institution | Centre for Studies in Social Sciences, Calcutta |
| isbn | 9788170547204 |
| language | English |
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The last packet sent successfully to the server was 0 milliseconds ago. The driver has not received any packets from the server. [last_indexed]Unable to connect to VuFind database; Communications link failure The last packet sent successfully to the server was 0 milliseconds ago. The driver has not received any packets from the server. |
| physical | 298p. 21cm. hb. |
| publishDate | 2017 |
| publisher | Classical Publishing Company |
| record_format | XML |
| spelling | Das, Sudhir Chandra author 8080 Work Life Balance Practices of Insurance Companies in India / Dr Sudhir Chandra Das New Delhi Classical Publishing Company 2017 298p. 21cm. hb. Insurance sector constitutes a large part of the Indian economy both in terms of employment potential and its contribution to national income. Insurance has been called the “DNA of Capitalism” and the “Oxygen of free Enterprise”. The Insurance industry in India has undergone transformational changes over the last 16 years. Liberalization has led to the entry of the largest insurance companies in the world, who have taken a strategic view on India being one of the top priority emerging markets. The industry has witnessed phases of rapid growth along with spans of growth moderation, intensifying competition with both life and general insurance segments having more than fifty (50) competing companies, and significant expansion of the customer base. There have also been number of product and operational innovations necessitated by increased competition among the players. Changes in the regulatory environment had path-breaking impact on the development of the industry. While the life insurance industry got affected by the introduction of cap in charges, the general insurance industry got impacted by price de-tariffication and motor third party risk pooling arrangements. While the insurance industry still struggles to move out of the shadows cast by the challenges and uncertainties of the last few years, the strong fundamentals of the industry augur well for a roadmap to be drawn for sustainable long-term growth. The available headroom for development, sustainable external growth drivers, and competitive strategies would continue to drive growth in the gross written premiums. Indian Insurance Sector, no doubt has shown incredible growth over the past years, and positively there are more chances for much better growth in coming time but employees of insurance companies have become more of workaholic, as their job is target centric, they have to achieve their targets in the stipulated time at any cost. It’s evident that on one domain they are giving their best, but on the personal domain they are the failures. There’s an extreme need to have a proper balance between their professional and personal domain so that either of the two domains don’t create conflicts. Work-life balance is about creating and maintaining supportive and healthy work environments which will enable employees to have balance between work and personal responsibilities and thus strengthen employee loyalty and productivity. In “Work-Life Balance Practices of Insurance Companies in India”, calls as the blueprint to optimise human assets, discusses several latest concepts, practices and approaches. The thinking behind this book has emerged from a variety of sources: extensive reading of both practioner and academic literature; interviews with line managers, human resource professionals and 440 respondents of managerial and clerical cadre employees of select insurance companies in India. The initial realization was how complex the issue is and how unhelpful so much of the work-life balance literature is in helping people work out appropriate responses to the issues. As a result, a number of models have been developed to try to explain more clearly the interaction between different forces that affect the work-life balance equation. In particular, “Outcome of Work-Life Balance Practices: Ordinal Regression Analysis” attempts to provide a structure against which specific indicators of WLB practices to create a culture supportive to enhancing employees job satisfaction and work-family conflict. This book is a unique combination of theory and data as Edward E. Lawler III (1971), distinguished professor of business at the University of Southern California, Marshall School of Business, pointed out “Theory without data is fantasy, data without theory is chaos”. A unique notable feature of this book is that it gives step by step directions so called epistemology in drawing logical conclusions and generalization. The book has been divided into ten chapters with huge applications of appropriate statistical tools. In the first chapter, the author tries to conceptualize the Work-life balance with mixture of sufficient literature on national and international domain. In the second phase an attempt has been made to provide an overview of the Indian Insurance Industry which includes appraisal of insurance market, and milestones since 2000. An emphasis also been thrown on the other important and emerging aspects of Indian Insurance sector which includes HRD in Indian insurance sector, problems and challenges in the insurance sector, and the change ahead for the insurance industry. In the third part the author has identified major five factors which include work facilitator, family obligations, employee assistance program, personal time and job context are considered as the major dimensions of work-life balance practices among the insurance employees, as the Eigen values are over 1 which accounted for about 56.89% of variation in data. In the fourth part, author did an analysis of workplace factors of work-life balance has been done with the help of Independent sample t-test and one way between groups ANOVA with post-hoc comparisons. At the fifth section deals with an evaluation of family and personal commitments factor of work life balance. The evaluation has been done in order to know whether there exists any significant difference or not. An appraisal of job content factor of Work-Life Balance has been done using Independent sample t-test and one way between groups ANOVA with post-hoc comparisons in the sixth chapter. At the seventh part an evaluation of situational issues factor of Work-Life Balance has been done with Pearson-chi square and Kruskal-Wallis (H) test on the basis of demographic information of respondents. An assessment of employee assistance programmes factor of Work-Life Balance. Independent sample t-test has been applied on type of organization, nature of organization, job cadre, gender and marital status in the eight chapters. An attempt to explore the impact of independent WLB variables on work life conflict and job satisfaction in Indian insurance industry has been done in the ninth chapter. Finally, in the last chapter presents a summary of the findings in the foregoing chapters, conclusions and recommendations based on empirical evidence |
| spellingShingle | Das, Sudhir Chandra Work Life Balance Practices of Insurance Companies in India / |
| title | Work Life Balance Practices of Insurance Companies in India / |
| title_auth | Work Life Balance Practices of Insurance Companies in India / |
| title_full | Work Life Balance Practices of Insurance Companies in India / Dr Sudhir Chandra Das |
| title_fullStr | Work Life Balance Practices of Insurance Companies in India / Dr Sudhir Chandra Das |
| title_full_unstemmed | Work Life Balance Practices of Insurance Companies in India / Dr Sudhir Chandra Das |
| title_short | Work Life Balance Practices of Insurance Companies in India / |
| title_sort | work life balance practices of insurance companies in india |
| work_keys_str_mv | AT dassudhirchandra worklifebalancepracticesofinsurancecompaniesinindia |