FACTORS AFFECTING EMPLOYEE RETENTION IN NEPALESE INSURANCE COMPANIES
Date
2024
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Shanker Dev Campus
Abstract
The research aims to analyze the relationship between compensation, leadership, training
and development, work environment, and employee retention in life insurance companies.
Additionally, it seeks to examine the impact of these factors on employee retention. These
objectives stem from the problem statement, focusing on whether there is a relationship
between compensation, leadership, training and development, work environment, and
employee retention, and what the impact of these factors is. The study employs a
descriptive and causal-comparative research design, using correlation and regression
analysis to achieve its goals. Compensation, leadership, training and development, and
work environment are the independent variables, while employee retention is the dependent
variable. The sample includes three insurance companies with 400 respondents selected
through convenience sampling. The research findings indicate that compensation and
employee retention are perfectly correlated and significant. Similarly, leadership and
employee retention, as well as training and development with employee retention, show
perfect and significant correlations. The work environment also has a significant and
perfect correlation with employee retention. Furthermore, the impacts of compensation,
leadership, training and development, and work environment on employee retention are all
significant.
Keywords: compensation, leadership, training and development, work
environment and employee retention