Appraising and Rewarding Performance of Manulife China Bank Life Essay Example for Free

Appraising and Rewarding Performance of Manulife China Bank Life Essay Assurance Corporation Manulife Philippines marks its 100th year of existence in our country. It is one of the oldest insurance firms in the country. The firm received its license to operate in Manila in 1907, twenty years after the company was first established in Toronto, Canada in 1887 by Sir John A. Macdonald, who at the same time was Prime Minister of Canada. Manulife Philippines was the first foreign company to list in the Philippine Stock Exchange, and is among the top five life insurance companies in our country today. The firm’s dedication to client service enabled it to grow and increase financial strength. In 2007, the Philippine Insurance Commission (IC) and the Bangko Sentral ng Pilipinas (Central Bank) approved the operation of a bank assurance joint venture company, Manulife China Bank Life Assurance Corporation (MCB Life). MCB Life is a strategic bank assurance alliance of China Banking Corporation (China Bank), the Philippines’ first privately owned commercial bank, and The Manufacturers Life Insurance Company (Manulife), a wholly owned subsidiary of Canadian-based Manulife Financial Corporation. In Asia, Manulifes goal for each market is to develop a company that will best meet the needs of customers, achieve employee satisfaction, and provide leadership in the life insurance industry. Manulife works hard to build companies that cultivate wealth creation, wealth protection, and an improved quality of life for local customers. Manulifes corporate vision is to be the most professional life insurance company in the world: providing the very best financial protection and wealth management services tailored to customers in every market where the company does business. MCB Life’s mission is committed to develop long term relationships with families and businesses which make us the company of choice in providing economic security through a broad range of financial services, customized and delivered by competent and ethical professionals. C. Company Profile and Background of Sun Life Financial Sun Life Financial is an international leader in protection and wealth management with key operations in Canada, US, UK, Hong Kong, Japan, Indonesia, India, China, Bermuda, and the Philippines. Sun Life of Canada (Philippines) pioneered life insurance in the Philippines in 1895. Today, Sun Life of Canada (Philippines), Inc. , is one of the largest and most trusted insurers in the country with almost a half a million policies in force and is boosted by the strength and stability of Sun Life Financial shares in the Philippine Stock Exchange. Sun Life Asset Management Company, Inc. SLAMCI) is the fund manager and principal distributor of the biggest family of mutual funds in the Philippines, the Sun Life Prosperity Funds. It also boasts of being the first in its field to put in place the accounting system needed to adequately comply with the standards set by the International Accounting Standards (IAS). Serving as the company’s wealth management arm, SLAMCI benefits from the expertise of its mother company’s close association with MFS Investment Management (the inventor of mutual funds in the US). Sun Life Financial Plans, Inc. SLFPI) is the second wholly-owned subsidiary of SLOCPI and the sole distributor of its pension and education plans. SLFPI holds the distinction of being the fastest growing pre-need company in the country today. For 113 years now, SLF-Philippines continues to be a proud and trusted partner of the Filipino in his journey to financial freedom. D. Company Mission and Vision of Sun Life Financial Sun Life Financial’s vision is To be the preeminent provider of financial security to individuals over their lifetime. With regards to this mission of the company, Sun Life Financial aims to provide financial freedom for Filipinos. The objective of this study is to present the methods of rewarding and appraising performance of our two chosen companies, particularly in the insurance industry. For this research, we chose to do a study on Manulife Philippines, more specifically Manulife China Bank Life Assurance Corporation (MCB Life); and also Sun Life Financial. This paper aims to present the different rewards given to employees and performance appraisals done to evaluate their employees’ performance, while comparing both companies. In order to obtain a clearer picture on how employees are being appraised and rewarded in two companies in the same industry, a comparison between Manulife Philippines and Sun Life Financial should be done. F. Statement of Problem The researchers would conduct a study on the rewarding and appraising of performance of insurance companies, and what the companies want to achieve. The researchers would like to find out how the companies reward their employers in this industry, and the process of performance appraisal; and the effects of these human resource activities in the daily operation of the companies.

Shakespeares World Essay -- essays research papers

Shakespeare's World Almost every nation on earth reads, studies and performs the works of William Shakespeare. No writer of any country, nor any age, has ever enjoyed such universal popularity. Neither has any writer been so praised. As William Hazlitt observed, "The most striking peculiarity of Shakespeare's mind was it's generic quality, its power of communication with all other minds." It is perhaps this quality that has earned Shakespeare the supreme accolade, that of lending his name to an era. Other than a monarch or an emperor, few can boast that a time or place is so exclusively theirs. As we talk about Napoleonic Europe or Victorian England, so we speak of Shakespearean London or the Age of Shakespeare. No other artist, let alone writer, has had their name inscribed on such a towering edifice. "Thou in our wonder and astonishment, hast built thyself a long-live monument," wrote Milton, in praise of Shakespeare. Shakespeare is by far and without doubt the most popular and successful writer of all time. But what of the man himself? Who was William Shakespeare? The life of William Shakespeare is shrouded in mystery. There is no record of him receiving an education, buying a book or writing a single letter, and no original manuscript of a Shakespeare play survives. There is no direct record of his conversations, and no one in his home town seems to have known that he was a successful playwright while he was alive. There is not even a contemporary portrait to reveal his true appearance. Although a number of mentions of William Shakespeare the poet-dramatist appear on record during the 1590's and early 1600's, they comment only briefly on his writings, telling us nothing about the man. Less is known about Shakespeare than almost any other playwright of his time. The orthodox version of William Shakespeare's life is probably the most widely accepted Shakespeare legend of them all. According to it, he was born on 23 April 1564, in an upstairs room of a Stratford house in Warwickshire. He was born to John and Mary Shakespeare, and was baptized Gulielmus filius Johannes Shakspere (William, son of John Shakespeare) three days later. His father ran a successful glove making business on Henley Street. In 1565, his father ... ...ow position could hope to rise to a high position while someone in a high position could expect to fall to a low position. All these would be brought about by a change in fate or fortune. Some people believed that the people rose to a higher position during the spring and the summer, while they sank to a lower position during the autumn and the winter. However, it was later noticed that such beliefs were very unpredictable. Like the belief in the zodiac, the Wheel of Fortune opposed the theory that fate was controlled by man. Instead, fate was believed to be controlled by the stars. This is why in the opening chorus of Romeo and Juliet, both of them are described as "†¦ star crossed lovers†¦" This suggests that the stars had already destined them to love and then to die. Shakespeare is arguably the best writer of all time, yet it is interesting to know that so little is known about him. Perhaps no-one will ever know who the real William Shakespeare was. Only one thing is certain: Shakespeare may be dead, but his great works never cease to astound us and it makes us wonder if any person will ever come to rival the maestro of English Literature.

Impact of 4ps Towards Consumer Behavior on Mobile Phones

With the passage of time, advents in technology have given new meanings to almost everything around us. Hence, there’s no permanent in this world except change. This tidal wave of change has surely affect or altered technologies especially in individuals’ modes of communication. These new advances have led to addition of many things which was called as a â€Å"revolution†. But what really concerns this study is actually the communicative revolution, wherein back to past times, where in people only used letters as their mode of communications to their love one which’s away from them. As technologies continue to evolve there came landlines. And now just a blink of an eye, information can now be transmitted through electronic signals and controlled waves present in the air around them. A mobile phone is an electronic device which is used in two way communication. To make use of a mobile phone, connection to a cellular network is required which is an interconnection of base stations through which signals are transmitted, hence the mobile uses those signals to forge and maintain connection. Mobile phones are not used for calls only, especially modern mobile phones. They offer a wide variety of communicative services such as: text messaging, sending and receiving emails, access to internet, interactive games, connectivity through Bluetooth and/or USB, and many more. Hence, the focus of this study is to discuss how 4p’s elements affect towards consumer behaviour on mobile phones among the college students of The Fisher Valley College in Taguig City. This study is aiming of providing students of insights into the factors that influence the student’s behaviour when it comes to choosing and buying mobile phones, particularly for The Fisher Valley College Students. In addition to the mentioned studies in this report, the researchers will also find information’s regarding how to conduct a qualitative and quantitative market research study. The report’s main focus will be on the student’s influences on mobile phones because it is these factors that aid the students in making a rational choice when given several alternatives to choose from. In this case factors influencing students’ behaviour in choosing a mobile phone from the different brands will be considered.

Adoption of Information and Communication Technology (Ict)...

ADOPTION OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) IN THE BANKING SECTOR: SUCCESS OR FAILURE? Ukeh, Moses Ichongo Superlife Consulting, Makurdi 2013 Abstract Nigerian banking industry has become highly ICT-based and is reaping the benefits of technological revolution as evidenced by its application in most of its operations. The objective of this paper was to determine if the Nigerian banks have failed or succeeded in the adoption and use of ICT (see table 2.1). An evaluation of the adoption and use of ICT infrastructures from the periods between years 2000 to 2008 indicated steady growth. It is presumed that as of today, the Nigerian banks may have attained their ICT potentials in their operations, though with some†¦show more content†¦The increasing use of ICT has allowed for integration of different economic units in a spectacular way. This phenomenon is not only applicable to Nigeria but other economies of the world, though the level of their usage may differ. In Nigeria, ICT usage especially in the banking sector, has considerably improved, even though it may not have been as high as those observed for advanced countries (A deoti, 2005; Adeyemi, 2006). The use of ICT in the banking sector became of interest to this study due to the significant role it plays in the economy. It helps in stimulating economic growth by directing funds to economic agents that need them for productive activities. This function is very vital for any economy that intends to experience meaningful growth because it makes arrangements that bring borrowers and lenders of financial resource together and more efficiently too than if they had to relate directly with one another (Adam, 2005; Ojo, 2007). In essence, the banking sector acts as a bridge that connects lenders and investors in the economy. The bank reforms (especially the recapitalization that specifies a minimum capital base of 25 billion naira for commercial banks), are pursued with a view to making the sector realize its objectives in advancing the economy (CBN, 2006). It is expected that the impact of these reforms will be enhancedShow MoreRelatedImpact of Ict on the Performance of Banks. a Case Study of Barclays Bank Ghana17017 Words   |  69 Pagesimpact of ict on the performance of banks. 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Therefore the marketing strategies must be suitable for the country to reach and communicate with theRead MoreIct and Ebusiness Retail Industry88499 Words   |  354 PagesICT and e-Business Impact in the Retail Industry Study report No. 04/2008 European Commission, DG Enterprise Industry e-Mail: entr-innov-ict-ebiz@ec.europa.eu, info@ebusiness-watch.org Impact Study No. 04/2008 ICT and e-Business Impact in the Retail Industry A Sectoral e-Business Watch study by empirica GmbH Final Report Version 4.0 September 2008 This report was prepared by empirica on behalf of the European Commission, Enterprise Industry Directorate General, in the context