The impact of compensation, performance evaluation and promotion practices on employees‘ job performance – a study on insurance companies in Batticaloa district

Abstract

This study investigated the impact of three HRM practices namely compensation, performance evaluation and promotion practices on Job performance of employees in Insurance companies in Batticaloa District. To attain the objectives, the quantitative method was used and data were collected through self – administrative questionnaires. A total of 210 questionnaires were distributed to the all employees who are in marketing and distribution level in insurance companies in Batticaloa District. Only 202 questionnaires were received and used for further analysis. The data were analyzed using Pearson correlation and multiple regression analysis. Three hypotheses were formulated with respect to previously discussed variables. Result indicated that compensation and performance evaluation practices were significantly and positively associated with Job performance whereas promotion practices were found to be insignificantly associated with Employee Job performance in insurance companies in Batticaloa District.