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Browsing management by TU Institute "Impact of NPA on the profitability of Public Commercial Banks in Nepal"

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    Factors affecting employee performance of insurance companies
    (Shanker Dev Campus, 2024) Khadgi, Nilam ; Joginder Goet
    This study explores the dynamic factors influencing employee performance within the insurance sector in Nepal, with a specific focus on identifying the roles of monetary incentives, job training, and job enrichment. Amidst the challenges posed by evolving market demands and a complex regulatory environment, the ability of insurance companies to maintain a motivated workforce is critical. Through a mixed-methods approach combining quantitative data analysis and qualitative interviews, this research evaluates how different motivational factors correlate with enhanced employee performance. The research utilizes a sample of 400 employees from various insurance companies in Kathmandu, employing statistical tools like SPSS for data analysis. The findings reveal that job enrichment and training significantly impact employee performance more profoundly than monetary incentives. This insight suggests that while financial rewards are essential, they are not as effective as job-related enhancements and skill development in fostering long-term employee productivity and satisfaction. These results underscore the necessity for insurance companies to adopt more holistic human resource strategies that balance financial rewards with opportunities for professional growth and job satisfaction. By focusing on comprehensive training and job enrichment programs, companies can enhance their organizational effectiveness and adapt more rapidly to industry changes.