Quality of Work Life and Job Satisfaction among Employees in Insurance Sector

Abstract

Today's fastest-growing industry is insurance. It generates employment to lakhs of people in India. As a result, QWL is particularly important in the insurance industry. The Life insurance sector covered 15 % of the total insurable population in India under different Life Insurance scheme. The present study is based on secondary sources. Several studies on factors that have been covered in the present study are based on Walton’s Model. Accordingly, studies on, Adequate and Fair Compensation, Working Conditions, Use of Capacities at Work, opportunities at work, social integration at work, constitutionalism at work, occupied space by the work in life, social relevance and importance of work have been covered. Thorough review of papers under study reveal that the factors as ascribed by Walton do comprise quality of work life and they all have significant impact on job satisfaction among employees. Key Words: QWL, Job Satisfaction, Insurance Industry