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The Impact of Promotion on Employee Motivation: A study in Indian Insurance Sector

	International Journal of Scientific Research and Engineering Development (IJSRED)	Full Text:
	Published Issue : Volume-3 Issue-6
	Year of Publication : 2020
	Unique Identification Number : IJSRED-V3I6P28
	Authors : Dr. Aditi Banerjee
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Abstract :

Employee turnover has become really a great problem in many countries and is giving sleepless nights to human resource managers in the organizations. Acquiring and retaining talent has posed a major challenge in recent time. In the present paper, an attempt has been made to find out whether scope for career success and attainment of promotions lead to creating a better-motivated workforce. Employee motivation is determined in line with the expectancy theory of motivation. Employees (n = 90) working in the Insurance Sectors in India were the sample of the present study. The available data seem to present that there is a significant relationship (p<0.01) between the number of promotions attained by an individual employee and their level of motivation. The present finding might provide a valuable insight in understanding employee behavior and should perhaps be taken into account while making a strategy for retaining employees in an organization.