Since 1956, with the nationalization of insurance industry, the LIC held the monopoly in India's life insurance sector, GIC, with its four subsidiaries, enjoyed the monopoly for general insurance business. From 1991 onwards, the Indian Government introduced various reforms in the financial sector paving the way for the liberalization of the Indian economy. It was a matter of time before this liberalization affected the insurance sector. Insurance being one of the segments of financial sector, it has in the recent past gone through a transformation and change including the passing of IRDA (Insurance Regulatory and Development Authority) Act 1999. Due to the IRDA act 1999 the insurance sector has been opened up, the monopoly of government companies has broken and many new private players have entered into the insurance sector and thus the sector has become highly competitive with full of challenges. Several factors account for new private general insurance companies speedily penetrated in the market. Private companies develop new distribution channels. They were having particular success in forging banc assurance alliances, through direct marketing. This research paper analyzes impact of compensation policies on performance of insurance agents for general insurance sector. It help to improve the market share of public sector general insurance company by help of improving performance of insurance agents by motivating them by technique of compensation management. It provides a toolset for strategic remuneration planning that reflects your organization culture and pay strategies

Organizational Performance is the outcome of various efforts on profitability, market share, technology, culture and vision based leadership. There are some general HR practices in organizations which lead to performance. The present thinking of the organization experts is pointing to make HRM as an integral part of strategic planning of organization. The practices like selection, development, performance appraisal, reward and maintenance are linked to business objectives and activities.

A lot of research has been conducted on the Problems caused by high turnover rate in the corporate world but little has been done on examining the sources of employee turnover, effects and advising various strategies which can be used by Various Educational Institutes in India, to ensure that there is employee continuity in their Institutes to enhance organizational competitiveness. This paper examines the sources of employee turnover, effects and forwards some strategies on how to minimize employee turnover in Indian Educational Institutes.