UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 5 Issue 1
January-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1801294


Registration ID:
401530

Page Number

1704-1710

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Title

A STUDY OF HRM PRACTICES AND COMPETITIVE DIFFERENTIATION STRATEGIES IN LIC SECTOR

Abstract

At the close of the previous decade, the government undertook a paradigm change in economic policy by embracing the process of liberalisation, privatisation, and globalisation. To regulate the general and life insurance markets, the Insurance Regulatory and Development Authority (IRDA) was established. Because of this, the private sector came up with fresh and creative marketing methods. The LIC's monopoly in the market was shattered by the efforts of the private sector, and it was forced to confront fierce competition to keep its market share. LIC had to abandon its typical course and implement a number of changes to its operations in order to remain competitive. Organizations have long held a belief that their people resources are the driving force behind their efforts to achieve their goals. The influence of private insurance companies on LIC's HRM policies is examined in the current study to provide light on such changes. In this study, we've addressed the LIC's impact on agent recruiting, training, performance management, and learning and development.

Key Words

HR practices, Performance appraisal, Staffing, Training & development

Cite This Article

"A STUDY OF HRM PRACTICES AND COMPETITIVE DIFFERENTIATION STRATEGIES IN LIC SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 1, page no.1704-1710, January-2018, Available :http://www.jetir.org/papers/JETIR1801294.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"A STUDY OF HRM PRACTICES AND COMPETITIVE DIFFERENTIATION STRATEGIES IN LIC SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 1, page no. pp1704-1710, January-2018, Available at : http://www.jetir.org/papers/JETIR1801294.pdf

Publication Details

Published Paper ID: JETIR1801294
Registration ID: 401530
Published In: Volume 5 | Issue 1 | Year January-2018
DOI (Digital Object Identifier):
Page No: 1704-1710
Country: Bhopal-Indore Road, MadhyaPradesh, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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