EMPLOYEE WELAFRE AND JOB SATISAFACTION ON EXECUTIVE LEVEL EMPLOYEE IN GENERAL INSUARANCE COMPANY IN SRI LANKA

Abstract

Human resource is accepted as an important asset in organizations, as it has the unique characteristics in order to gain the sustainable competitive advantage to the organizations in competitive environment. This necessarily addresses the importance of Human resource management. Employee welfare is one of important applications within Human resource management that aims at betterment of workers life by providing various facilities above the wage. The basic intention of providing welfare facilities is to keep employees happy and conducted. Job satisfaction is also a critical aspect that has many discussions. Therefore, this study attempts to investigate the impact of welfare facilities on job satisfaction of executive level employees in selected apparel companies in Kegalle district. The data were collected from a randomly selected sample of 100 executive level employees in ABC general Insurance ltd. The researcher has used a structured questionnaire, which indicated the statements of welfare facilities and job satisfaction with 5 points Likert scale. Gathered data were analyzed using univariate, correlation and regression analysis with the SPSS (22 version). The finding of the study is concluded that the employee welfare has positive and significant impact on job satisfaction of executive level employees in ABC general Insurance ltd. Increasing the scope of various welfare facilities by getting employee perceptions on those facilities, managing welfare facilities by ensuing the expectations of both employer and employees were presented as recommendation.