In recent days, employees are considered as an important asset of an organisation and their commitment plays a vital role in achieving sustainable growth of the organisation. The employee commitment always plays a very predominant role in achieving the vision and mission of the organisation. The employee commitment was identified as a baseline for the performance of the company. This commitment is said to have a relationship with the compensation what employee receives. It is predicted that employee commitment may be increased when the employee are satisfied by the elements of compensation. Hence the researcher focuses on the relationship between compensation and commitment, factors of compensation affecting employee commitment, and identifies the employee's perception towards the components of pay model. The researcher has conducted the study with 300 samples collected from small manufacturing industries in Tiruchirappalli District, Tamil Nadu, India. Researcher has applied tools like ANOVA, Chi-square test, Structural Equation Modelling for the purpose of analysing the relationship between employee compensation and their commitment. The study outcome revealed that employee commitment was strongly associated with the satisfaction of employees towards their compensation based on pay model.

No abstract

Micro finance is the process of formation of groups to support the poverty incapacitated people by extending money without any collateral security. Micro finance includes savings accounts, insurance products and credit provided to low income unbanked people to increase their economic status in the society. Micro-insurance is a shelter against the hazards of low-income people in exchange of a premium in proportion with the possibility and cost of risk associated. A micro-insurance policy may be a general or a life insurance and done through Non-Government organizations, Self-help groups and Micro-finance institutions. Life Insurance Corporation of India has three microinsurance products namely, Jeevan Madhu, Jeevan Mangal and Jeevan Deep.The main objective of this study is to find out the need for micro insurance among unbanked people and to find out whether micro insurance helps the unbanked people to enhance their livelihood. Simple random sampling is adopted for the collection of primary information from 150 respondents from Tiruchirapalli town by administering a questionnaire. The data collected were analyzed with the help of statistical tools like Percentage analysis and Chi-square test using SPSS package. The respondents revealed that joining in SHG linked LIC results in the overall socio-economic empowerment in their individual lives. The study concludes that the LIC should create more awareness among unbanked people to improve their standard of living by bringing them under the beneficial umbrella of micro insurance.

No abstract

No abstract