Published Paper Details:

Human resource management plays a significant role in ensuring that a firm realized its mission, goals, and objectives. To determine the importance of HRM within the insurance industry, this paper specifically focused on the Well Point, one of the leading health insurance companies in the India. After critically analyzing the operations of the firm and supporting the findings with the arguments from the literature that was covered, it emerged that the Well Point group takes into consideration several measures to ensure that its recruitment and selection process is effective and efficient. First, the company undertakes a rigorous procedure to ensure that the jobs that have been designed specifically meet the needs and requirements of the firm and its clientele and most importantly, the job description attracts only qualified candidates to apply for the posts. More stringent measures are also taken to ensure that the interviewing, selection, training, placement, and supervisory processes are conducted in a manner that is considered fair, transparent, and consistent with the values, rules, and regulations of the organization. These considerations not only ensure that Life Insurance Corporation comprises of the most qualified personnel who make up its workforce but also increases their level of motivation and productivity hence ensuring that the firm stands at a competitive edge over its rivals in the short run and in the long run