HR practices in Insurance

Introduction
Human Resource Management (HRM) is a planned approach to managing people effectively for performance. It aims to establish a more open, flexible and caring management style so that staff will be motivated, developed and managed in a way that they can give of their best to support departments* missions. Good HRM practices are instrumental in helping achieve departmental objectives and enhance productivity. For the purpose of sharing experience and providing reference in launching HRM initiatives, we have gathered in this booklet some good examples introduced by departments.

Competitive advantage of a company can be generated from human resources (HR) and company performance is influenced by set of effective HR practices.
In this study, we intended to assess the HR practices in software companies. The project aimed to cover maximum knowledge of the HR practices followed in the organization. What primary factors are considered, how data is maintained and finally evaluated and done.

Here the HR practices of the company have been explained to understand how the company followed these practices. The practical knowledge has been gained mainly by observing all the activities taking place in HR department. This is brief study done to have understanding of the subject HR. How it is practically implemented, why it is necessary its implications and benefits.
Companies today need to be fast growing, efficient, profitable, flexible, adaptable, and future-ready and have a dominant market position.
Without these qualities, firms believe that it is virtually impossible to be competitive in today's global economy. In some industries such as insurance or banking, firms may move into new markets. In others such as pharmaceuticals or
Insurance technology, firms may work with smaller firms that have developed or are developing new products that they can manufacture and/or distribute more efficiently, while other firms focus on their own