Identify the qualities of leadership in this line because that the company manager must possess to motivate employees and agents.

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Solution

The qualities of leaders, which the manager of the insurance company must possess are:

(i) Knowledge

(ii) Initiative

(iii) Good communication skills

(iv) Self-confidence, integrity and honesty

(v) Good listener

(vi) Pleasing personality

(vii) Social skills

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Similar questions

Q. Y limited is a bank functioning in India. It is planning to diversify into insurance business. Lately, the government of India has allowed the private sector to gain entry in the insurance business. Previously, it was the prerogative of LIC and GIC to do insurance business. But now with liberalisation of the economy and to make the field competitive other companies have been given licenses to start insurance business under the regulation of ‘Insurance Regulatory and Development Authority’.
Y limited plans to recruit high quality employees and agents and exercise effective direction to capture a substantial part of life and non life insurance business.

Questions

1. Identify how the company can supervise its employees and agents effectively. What benefits will the company derive from effective supervision?

2. What financial and non-financial incentives can the company use for employees and agents separately to motivate them. What benefits will the company get from them?

3. How can the company ensure that higher order needs i.e. esteem and self-actualisation as specified by Abraham Maslow are met?

4. Identify the qualities of leadership in this line of business that the company managers must possess to motivate employees and agents.

5. Give a model of formal communication system that the company can follow. Identify the barriers in this model. How can they be removed?

6. How can informal communication help to supplement formal communication model given by you in answer to question 5?

Q. Sadaf is the Chief Executive Officer of a reputed company. She introduced appropriate skill development programmes and a sound promotion policy for the employees of her company. To motivate and retain the best talent in the company, she designed the jobs of the managers to include greater variety of work content. Identify and explain the two incentives introduced by Sadaf to motivate the employees of her company.

Q. What financial and non-financial incentive can the company use for employees and agents separately to motivate them?

What benefits will company get from them?

What financial and non-financial incentives can the company use for employees and agents separately to motivate them? What benefits the company will get from them?

Q. Rajiv is working as Personnel Manager in a company. The speciality of the company is that financial position of all the employees is good. The employees working here are honest, punctual and hardworking. The CEO of the company asked him to suggest a method of motivation. The CEO asked him to suggest a method which is happily accepted by all the employees.
Rajiv spoke to many employees in this connection. Some employees suggested give more importance to individual autonomy, another suggested good performance should be appreciated another group suggested to award, certificate, trophies to recognise the good performance. Mr. Rajiv mixed all and suggested a method of motivation to CEO. The CEO happily accepted that and it was immediately implemented. Within few days the company's growth rate appeared to have become fast.
(a) Identify the functions of management indicated in the above paragraph.
(b) Which motivation methods were suggested by different group of employees.
(c) Which motivation method combine all the above stated and was suggested by personnel manager.
(d) State the values followed by Rajiv.

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Identify the qualities of leadership in this line because that the company manager must possess to motivate employees and agents.

The qualities of leaders, which the manager of the insurance company must possess are: (i) Knowledge (ii) Initiative (iii) Good communication skills (iv) Self-confidence, integrity and honesty (v) Good listener (vi) Pleasing personality (vii) Social skills

The qualities of leaders, which the manager of the insurance company must possess are:

(i) Knowledge

(ii) Initiative

(iii) Good communication skills

(iv) Self-confidence, integrity and honesty

(v) Good listener

(vi) Pleasing personality

(vii) Social skills