An Empirical Study of Impact of Demographic Variables on Quality of Work Life among Insurance Sector Employees in Indore Division

Quality of work life (QWL) is one of the major parts for the employees' motivation in organizations. People can deliver their best potential if the QWL is improved and satisfactory. The concept of Quality of Work Life deals with the issue of how rewarding or satisfying the time spent in the workplace is. As such, Quality of Work Life may reflect working conditions and contextual issues such as relationships with work colleagues and the intrinsic satisfaction of the job itself. Growth of Insurance sector is expected to be US$ 350-400 by 2020 and it is also expected that Indian Insurance market will reach the top 3 insurance market in the world. To achieve those insurance companies must have to reduce the attrition rate, which is very high in present conditions. This research study attempted to find out the impact of age, income, gender and experience on Quality of Work Life of Insurance sector employees. Data was collected from 151 Insurance sector employees of Indore city. T-test and One way Anova was used for data analysis.