Demographic Factors and its Impact on Occupational Stress of Employees in an Insurance Sector
Keywords:
Demographic factors, Employees, Life Insurance Sector, Occupational Stress, OrganizationsAbstract
The primary objective of this study is the identification of various impacts of demographic-based factors based on stress related to occupation and the variation in knowledge of insurance employees concerning their demographic/analytical profiles like gender, age, educational qualification, and marital status. Presently, the stress related to occupation is rapidly increasing due to the global economic crisis and the process of globalization, which creates an enormous impact over all the classes of employees. The employees of the organizations along the organization itself must be more aware of the degree of stress that costs unnecessarily in a large amount, and such a cost which the employees must investigate to eradicate if their management or institution has to grow and survive. This kind of study helps to measure the effective impact caused by the demographic (analytical) factors on the occupational stress by evaluating various has implications of over-insurance employees concerning occupational stress. For such type of purpose, a standard questionnaire used for collecting statistical tool and information was implemented over the data. This kind of study is based on identifying the correlation-based stress among the employees private (ICICI Prudential) and public (LIC of India) sectors of life insurance in Jharkhand in respect to their demographic (analytical) variables. Specifically, the questionnaire was used for 200 employee’s data collection each from private as well as public based companies of life insurance from three of the important Jharkhand cities, i.e. Ranchi, Bokaro Steel City, and Dhanbad whose feedbacks are usually measured in accordance to an OSI Scale. The survey sample was gathered with the help of convenience sampling. By applying the t-test and ANOVA test to the data, study find that both public (LIC) and private (ICICI Prudential) Life Insurance sector employees face moderate to high levels of stress.
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