Indian Journal of Economics and Development

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Cultural Variances Among Indian Insurance Organizations:With Special Reference to the State of Haryana


Affiliations
1 Department of Commerce, University of Kashmir, India
 

Objectives: The present study has been undertaken to investigate the cultural variances from the demographic perspective of the employees working with various insurance organizations across the state of Haryana, India.

Methods/Statistical Analysis: Wallach's OCI Model (1983), highlighting three types of organizational cultures i.e. Innovative, Supportive and Bureaucratic Culture has been used to measure the type of culture that is prevalent in the select organizations. The sample of 235 on-roll employees was taken from Top-4 insurance organizations of the state and the sample was calculated by using Morgan’s sample size calculation technique. The data was analyzed through various statistical techniques including Levene’s test, T-test, and ANOVA test by using SPSS 20 software.

Findings: The study revealed that the employee perspectives vary significantly across the existing cultural type’s within the insurance organization of Haryana in terms of Nature, Gender, Designation and Qualification of employees. This signifies the demographic characteristics do impact the employee perspectives in determining the most suitable cultural types for the select organizations which in turn affects their work attitudes.

Novelty/Improvement: Variances in terms of cultural types among the employees working with insurance sector of Haryana is quite visible from the findings. Therefore, the authorities need to rectify the cultural variances and their impact on the attitude vis-à-vis the performance of their employees so as to encourage the well qualified youth of Haryana to join and expand this industry by creating more democratic, supportive and trust-worthy organizational culture.  


Keywords

Culture, Demographics, Variances, Insurance Organizations.
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  • Cultural Variances Among Indian Insurance Organizations:With Special Reference to the State of Haryana

Abstract Views: 212  |  PDF Views: 95

Authors

Parvez Ahmad Shah
Department of Commerce, University of Kashmir, India
Rizwana Rafiq
Department of Commerce, University of Kashmir, India

Abstract


Objectives: The present study has been undertaken to investigate the cultural variances from the demographic perspective of the employees working with various insurance organizations across the state of Haryana, India.

Methods/Statistical Analysis: Wallach's OCI Model (1983), highlighting three types of organizational cultures i.e. Innovative, Supportive and Bureaucratic Culture has been used to measure the type of culture that is prevalent in the select organizations. The sample of 235 on-roll employees was taken from Top-4 insurance organizations of the state and the sample was calculated by using Morgan’s sample size calculation technique. The data was analyzed through various statistical techniques including Levene’s test, T-test, and ANOVA test by using SPSS 20 software.

Findings: The study revealed that the employee perspectives vary significantly across the existing cultural type’s within the insurance organization of Haryana in terms of Nature, Gender, Designation and Qualification of employees. This signifies the demographic characteristics do impact the employee perspectives in determining the most suitable cultural types for the select organizations which in turn affects their work attitudes.

Novelty/Improvement: Variances in terms of cultural types among the employees working with insurance sector of Haryana is quite visible from the findings. Therefore, the authorities need to rectify the cultural variances and their impact on the attitude vis-à-vis the performance of their employees so as to encourage the well qualified youth of Haryana to join and expand this industry by creating more democratic, supportive and trust-worthy organizational culture.  


Keywords


Culture, Demographics, Variances, Insurance Organizations.

References