International Journal of Research Studies in Management
CollabWritive Special Issue
2024 Volume 12 Issue 6
Available Online: 15 July 2024
Author/s:
Xie, Jinjun
Graduate School, Lyceum of the Philippines University – Batangas, Philippines
Abstract:
This study investigated the impact of entrepreneurial spirit and employee skill development within property insurance companies on human resource management, aiming to provide an enhanced talent reserve framework for property insurance enterprises. A self-designed questionnaire was used as the data collection tool, with participants comprising 401 employees from property insurance companies. Weighted averages and rankings were utilized to describe entrepreneurial spirit, employee skill development, and human resource management; assessing entrepreneurial spirit through creativity, risk-taking, and confidence; evaluating employee skill training from the perspectives of professional skill training, knowledge training, and leadership training; and examining human resource management practices in terms of recruitment selection, performance compensation, and career development. As part of the non-parametric tests, Spearman rho was used to examine significant relationships. All analyses were conducted using SPSS version 28. The study revealed a strong and highly significant positive correlation between entrepreneurial spirit (through creativity, risk-taking, and confidence) and employee skill training (professional skill training, knowledge training, and leadership training). Both entrepreneurial spirit (through creativity, risk-taking, and confidence) and employee skill training (professional skill training, knowledge training, and leadership training) showed a highly significant positive correlation with human resource management practices (recruitment and selection, compensation and performance, career development). Respondents unanimously agreed that property insurance companies advocated entrepreneurial qualities, provided employee skill training, and implemented good human resource management practices in recruitment and selection, performance and compensation, and career development. An enhanced talent pool framework that meets the talent reserve needs of property insurance companies was developed.
Keywords: entrepreneurial spirit, employee skill development, human resource management
DOI: https://doi.org/10.5861/ijrsm.2024.1083
Cite this article:
Xie, J. (2024). Entrepreneurial spirit, employees skills development, and human resource management of property insurance companies: Basis for enhanced talent pool framework. International Journal of Research Studies in Management, 12(6), 131-142. https://doi.org/10.5861/ijrsm.2024.1083