International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 12 Issue: 01 | Jan 2025
p-ISSN: 2395-0072
www.irjet.net
Impact of job security on employee work performance In case of insurance companies in Nepal Binod Sah1, Malati Basnet2 Central Department of Management, Tribhuvan University, Kirtipur, Nepal Branch Manager, Cosmo Migration and Visa Services, Putalisadak, Kathmandu Nepal ----------------------------------------------------------------------------***-------------------------------------------------------------------------Abstract This study aims to examine the job security on employee work performance of insurance companies in Nepal. To measure the impact of job security, career determination, incentives and retirement fund scheme on employee work performance of insurance companies in Nepal. Aimed at this study, all the listed insurance companies has been considered as population and 9 life out of 17 and 9 non-life out of 17 non-life insurance companies in Nepal. The data has been obtained from selected sample of life and nonlife insurance companies equally. The employees (administrative staff and who look after the HR activity) and HR manager has taken as respondents for the research study. The targeted populations are the employees of the insurance companies in Nepal within the Kathmandu valley. This study has covered different level of employee from 18 insurance companies including life and non-life. The total no. of respondents considered for analysis is 172 for analyzing relationship dependent and independent with other intervening variable. 200, Five-likert scale questionnaire were distributed and collected only 172 questionnaires. The computed F-statistic is also higher than table value at 99% level of significance indicating that there is a presence of relationship, as adjusted R2 is 0.2786, it explains the variation in dependent variable is explained to the extent of 27.86 % by the independent variables included in the model. Therefore, null hypothesis is not accepted, which means that residuals are not auto correlated. There is significant and positive relationship between job security and employee work performance of insurance companies in Nepal. The coefficient of job security on employee work performance is 0.0965 meaning that one percent point change in specific training will leads changes in employee work performance by 9.65 percent point. The null hypothesis has been rejected and satisfies that there is positive and significant relationship between job security and employee work performance of selected insurance companies in Nepal.
Key Words: Job security, Career determination, employee, work performance, Introduction Job security is a high level of assurance or confidence for employees to believe they're able to maintain their existing jobs in the foreseeable future. It provides a sense of protection against possible inherent or external risks that might affect or change the employment status of employees. Several factors may influence the level of job security, including the job market, terms and conditions of your employment contract, local labor laws and union guidance and support. Job security creates a climate of confidence among employees and reinforces their commitment to the insurance companies in Nepal. Its security requires a certain degree of reciprocity: first, a company must signal a clear message that jobs are secure; then, employees believing that this is true feel confident and commit themselves to expend extra effort for the company’s benefit; finally, having learned that job security contributes to its performance, the company continues to invest in job security (Pfeffer 1998). Probst (2002) has developed a conceptual model of the antecedents and consequences of job security. Antecedents include worker characteristics, job characteristics, organizational change and job technology change. Consequences include psychological health, physical healthy, organizational withdrawal, unionization activity, organizational commitment and job stress. Job involvement, cultural values, and procedural justices moderate job security perceptions and attitudes Worker work performance is a key factor that influences the success of organizations. It encompasses the efficiency and effectiveness with which workforces fulfill their job responsibilities and contribute to achieving organizational goals. High levels of employee performance are associated with increased organizational productivity, enhanced customer satisfaction, and a stronger competitive position in the marketplace. For insurance companies, which are inherently service-driven, employee performance directly impacts operational efficiency, customer trust, and financial stability. However, work
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