Underwriting Process in Insurance

Underwriting Process in Insurance Underwriting Process In order for the insurance companies to make profit and charge the appropriate rate for an insured, they undergo the underwriting process. Underwriting is the process in which an insurance company determines if an applicant is eligible for insurance and the rate they should charge if the applicant is eligible. In simpler words, it is a process of risk classification. The purpose of insurance underwriting is to spread risk among a pool of insured in a way that is both profitable for the insurer and fair to the customer. Insurance companies need to make a profit like many other businesses. Therefore, it doesnt make sense if they sell insurance for everyone who applies for it. They may not want to charge an excessive high rate to the customer and also it is not good for them to charge the same premium to every policyholder. Underwriting enables the company to weed out certain applicants and to charge the remaining applicants premiums that are commensurate with their level of risk (Conra d, Clark, Goodwin, Morse Kane, 2011). The underwriting process consist of evaluating several sources of an applicant and the use of complex pricing models developed by actuaries that help the insurance companies set prices. I will focus on the risk classification along with some of the factors that help the underwriters classify each applicant and the use of insurance credit scoring that allow the insurance companies to price the premiums. Factors An insurance company usually looks at various factors during the underwriting process in order to evaluate a potential customer in terms of risk. These factors enable the insurer to determine whether or not the potential customer is insurable. If the potential customer is determined to be insurable, then these factors will help to place them in the appropriate risk group. Some of the factors considered are age, sex, health history, current health/physical condition, personal family health history, occupation, personal habits/character, financial condition, and hobbies (Clark, et al, 2011). Some people believe that any characteristic over which we have no control, such as gender, race, and age, should be excluded from insurance underwriting and rating practices (Baranoff, Brockett, Kahane, 2009, p.157). This argument reflect the idea that the factors used by insurance companies should be based on the behavior of the people instead of the quality on which they are born. Risk Classification Risk classification plays an important role in the pricing of the policy. The premium that the customer pays will depend on the category he/she belongs to. Underwriters classify the applicants into four types of risk groups: standard risk, substandard risk, preferred risk and uninsurable/declined risk. Standard risk. Individuals who have a likelihood of loss or the probability of filing a claim that is not significantly greater than the average are classified as standard risks. Based on the underwriting standards of the insurance company, the people in this group are given a term of insurance without being charged for any extra fees or be subjected to any policy restrictions and they are charged with the standard premium rate (Clark, et al, 2011). Most individual life and health insurance policies are issued at standard premium rates. Substandard risk. Insured that are classified as substandard risk or rated risk, are those that have a greater chance of filing a claim. Applicants are classified in this group because of their health and/or other factors that makes them more likely to die earlier than those who dont possess these kinds of risk factors (Clark, et al, 2011). They are usually charged a higher than standard rate because of the added risks that they possess. Examples of people that may be in this category are those who possess a history of high blood pressure, diabetes, drugs and alcohol. Or maybe they engage in some dangerous activities like skydiving or rock climbing. Preferred risk. Applicants classified as preferred risks are those who are expected to have an above average life expectancy (Clark, et al, 2011). People in this group are preferred by the insurance companies because of their health history and good habits. They are usually offered a lower rate or preferred rate. Applicants that may belong to this group are nonsmokers or people that have a good health history. Uninsurable risk. Individuals categorized as uninsurable or declined risk are those that pose a risk that is too great for the insurance company to cover. The applicants conditions are so rare or unique that the company may not be able to arrive at a suitable premium (Clark, et al, 2011), so their policies are generally declined. Examples of this category include people who have a serious illness and people who conduct illegal activities. Insurance Credit Scoring in Pricing After classifying the applicants into one of the risk groups, the insurance company needs to set price for the policies. One of the tools used by the insurance companies for pricing is the credit scores that help them determine the adequate premium for each consumer. Insurance scores are confidential rankings based on credit history information. Insurance scores are used to provide insurers with a snapshot to provide service to consumers. The score is derived from the consumers previous credit history. This data allows the insurers to price insurance premiums/rates more accurately. (Almarshary, Erbek Reddic) Insurance scores estimate the probability of having insured file a claim. The variables commonly used to estimate insurance scores include measures of performance on credit obligations, credit-seeking behavior, use of credit, length of credit history, and types of credit used (Powell, 2009). They do not include race, color, religion, national origin, gender, marital status, sexual orientation, age, address, salary, disability, occupation, title, employer, date employed or employment history for scoring purposes (Anonymous, 2009). Insurers have found a strong correlation between insurance claims and credit scores. People with low scores are more likely to file claims than people with high scores (Lankford, 2007). They also discovered that people who made late payments tended to have more claims (Almarshary, et al). Improving credit score can certainly make a big difference in the premiums. More insurers now are considering credit scores when setting premium rates. Credit scoring enables insurers to better assess the risk of future claims. In fact, insurance credit scoring helps insurers to differentiate between higher and lower insurance risk (Almarshary, et al). Therefore, insurers will charge a premium based on the information provided by the credit score. When insurers use insurance scores to improve the accuracy of predicted losses, it benefits individuals and society (Powell, 2009). Premiums are closely related to consumers risk of loss on average, so insurance scores increase the fairness in insurance pricing outcomes. Insurance scoring also adds value to insurance transactions. Because insurance scores are accurate and inexpensive rating variables; it reduces the overall cost of providing insurance and this reduction in cost is applied to the premiums of the customer (Powell, 2009). Many people may not be familiar with the underwriting process, but knowing the factors that affect the decision of the insurers of placing you into one of the risk groups, is very useful. In this way, you can easily know if you can be chosen as a potential customer based on your personal information and even if you are not chosen as a potential customer, you might at least know what to avoid in order to decrease the chance of your policy being rejected. Finally, we have to notice the importance of the credit scores, because many insurance companies used it nowadays to price the premiums. Having a good credit history is a key factor to get a lower premium rate in the policy.

Free Essays - Animal Farm :: Animal Farm

The novel â€Å"Animal Farm† was written in 1945 by author George Orwell.   George Orwell was the pseudonym of Eric Arthur Blair, a British writer born in Motihari, India in 1903.   After serving in the Indian Imperial Police force, Orwell wrote â€Å"Down and Out in Paris and London,† an account of the conditions faced by the poor in France and England.   Next, in 1936, he fought in the Spanish Civil War, which was his source of inspiration for â€Å"Homage to Catalonia.†Ã‚   After his days in service, he devoted his efforts to speaking out against the domination of one man over another.   This is shown in books such as â€Å"Animal Farm† and â€Å"Nineteen Eighty-Four.†   Ã¢â‚¬Å"Animal Farm† takes place in England, on Manor Farm (later renamed Animal Farm) in Willingdon.   It incorporates all seasons of the year, as it takes place over the course of many years, tracing the lives of all the animals.   The point of view in the novel is third person, omniscient.   Ã¢â‚¬Å"Animal Farm† is an allegory of the Russian Revolution and the course of communism in Russia and the USSR.   The many characters in the book symbolize either one person or a group of people.   The pigs represent the communist government and are the ones that become corrupt.   More specifically, Old Major is Karl Marx, the â€Å"father of communism,† Snowball is Vladimir Lenin and Napoleon is Joseph Stalin.   The dogs that Napoleon uses as his personal guards symbolize the KGB, the Soviet police force.   Most of the other characters like Boxer, Clover, the chickens, Benjamin and others represent the working class that is gradually taken advantage of more and more throughout the story. Mr. Jones represents the last Russian Czar, Nicholas II, who is overthrown in the Russian Revolution, his men represent the Red Army and Mollie represents the sympathizers of the old government in the USSR.   George Orwell sets up the novel by introducing the prize winning boar ‘Old Major’ and establishing him as the leader of the animals.   He then uses to describe the harsh conditions that the animals (or Russian labor class) were forced to endure on Manor farm and throughout England.   He then tells them how good life would be without humans, which was called in the book ‘animalism’   (represents communism).   Old Major finishes off by teaching the animals a song called â€Å"Beasts of England† which becomes their anthem and remains until outlawed by Napoleon later in the book.

Emotions and the Brain Essay

The organization of perceptual systems is identical to that of motility. Perception does not occur through a constructive phase of in-processing that begins in koniocortex. Rather, it develops in the reverse direction over a series of levels to a koniocortical end phase. In other words, the process of object formation unfolds in a cognitive sequence leading from a brainstem preobject through a limbic and generalized neocortical phase, to a final modeling achieved through â€Å"primary† visual cortex. The presumed role of frontal cortex in the elaboration of action structures, that is, the rhythmic or oscillatory components of an action, can explain other seemingly non-motor phenomena which occur with frontal lobe damage. For example, perceptual disorders may arise, not from a primary deficit of perception, but from impairments in the visual exploration of space, including changes in visual search, orientation, and ocular displacement. Two aspects of dynamic systems theory deserve specific mention here; the first is the emergent quality of Jung’s methods. Amplification is an intentionally non-linear circumambulation of an image or psychic content; it operates by allowing contextually meaningful associations to be gathered up and enter consciousness. The concept of the â€Å"limbic system† as the focal brain division that must be investigated in order to understand emotionality. The medial surfaces of the telencephalic hemispheres (including cingulate, frontal, and temporal lobe areas — especially the amygdala) and interconnections with septal, hypothalamic, and central-medial brain stem areas as part of the neural landscape that constituted the â€Å"emotional brain. Cortical control of primitive behaviors and basic emotions has been achieved in several ways. One way was for the cortex to extend emotions in time by allowing organisms to dwell on past and future events. The organizational principle that has been most commonly used to summarize the neural infrastructure of emotional processes has been Paul MacLean’s concept of the triune brain. According to the classic version which offers a conceptual cartoon of the major layers of neural development, the functional landscape of the brain is organized in three strata of evolutionary progression. Although humans have the largest frontal lobes of any species, dolphins have a massive new brain area, the paralimbic lobe, that we do not possess. The paralimbic lobe is an outgrowth of the cingulate gyrus, which is known to elaborate social communication and social emotions (such as feelings of separation distress and maternal intent) in all other mammals. We should always keep in mind a key conceptual distinction when we consider brain operating systems, namely, how â€Å"open† or â€Å"closed† are these systems in relation to environmental influences FLA loop The neural substrate of language consists of a complex hierarchical system of levels corresponding to stages in neocortical evolution. The system has an anterior (frontal) and posterior (temporo-parieto-occipital) component. The two main classes of aphasia, the non fluent and the fluent aphasias, refer to these components, while the various aphasic syndromes within each class point to different levels within the anterior or posterior sector. The structure as a whole develops out of medial and paraventricular formations through several growth planes of limbic and paralimbic (transitional) cortex to a stage of generalized (â€Å"association,† â€Å"integration†) cortex. The organization of perceptual systems is identical to that of motility. Perception does not occur through a constructive phase of in-processing that begins in koniocortex. Rather, it develops in the reverse direction over a series of levels to a koniocortical end phase. In other words, the process of object formation unfolds in a cognitive sequence leading from a brainstem preobject through a limbic and generalized neocortical phase, to a final modeling achieved through â€Å"primary† visual cortex. In a fashion similar to that of the frontal sector, the perception leads from a global pre-object in a unitary field at a preliminary level to the final more or less contralateral hemifield representation at a koniocortical end stage. (Christianson, 1992) Impaired initiation with lesions of mesial or orbito-frontal cortex may involve the action as a whole, or partially. The patient may be unable to initiate any action (akinetic mutism) or show hypoactivity, inertia and lack of spontaneity. These latter symptoms may represent attenuated forms of akinetic mutism. Perhaps, the degree of encroachment on, or distance from, core regions of frontal limbic cortex (e. g. , anterior cingulate gyrus) determines the extent of hypoactivity. In the partial disorders there is difficulty initiating a vocal act (mutism, transcortical motor aphasia) or limb action (alien hand, SMA syndrome and related disorders). Perseveration also occurs with damage to frontal limbic areas and is related to disturbed initiation. The persistence of a performance is the other side of an inability to go on to the next. Impaired initiation may occur without perseveration, but it is questionable whether the reverse is true. In fact, in perseveration, the initiation deficit often seems primary, for perseveration is greater for tasks which are more difficult, and it tends to involve previously successful performances. (Christianson, 1992) With convexity lesions the action is disrupted at a stage subsequent to its activation. Derailments occur at serial points in the unfolding of the action toward a goal. Apraxia, a substitution or defective selection of partial movements with lesions of left premotor cortex, is due to an alteration of motor timing, or a change in the kinetic pattern for a particular motor sequence. Other frontal disorders may have a similar basis. Agrammatism, dysprosody and expressive amusia probably represent the disruption of an oscillator which elaborates the rhythmic or prosodic contour of an utterance or vocal action. The presumed role of frontal cortex in the elaboration of action structures, that is, the rhythmic or oscillatory components of an action, can explain other seemingly non-motor phenomena which occur with frontal lobe damage. For example, perceptual disorders may arise, not from a primary deficit of perception, but from impairments in the visual exploration of space, including changes in visual search, orientation, and ocular displacement. The lack of drive or motivation in frontal patients can also be approached from a motor standpoint. I have suggested that base levels in the action elaborate the experience, or feeling, of drive and that this experience, like the Innervationsguhl of Wundt, arises as an accompaniment of the action development rather than as an energy or a force which is only an underpinning. In other words, drive undergoes a development together with action. Some actions appear to be motivated by drives or instincts, others are purposeful or goal-oriented, and still others are volitional, in the sense that decisions are made, actions can be delayed and even witheld in pursuit of a goal. My guess is that these feeling states drive, purposefulness, volition correspond with evolutionary levels in the action development, and that this is why damage to the action structure impacts on the feeling state specified by the damaged processing stage. (Lazarus, 1991) Actions also elaborate intentions, the feeling that one it an agent who acts on an environment. This is part of the temporal unfolding of the action and its continual surge toward a future state. It is the basis for our distinction of passive and active movements. This feeling, and the other affects which the action generates, are bound up with the sense of anticipation and forward growth. The loss of, or a change in, this direction toward the future has the consequence of a greater responsiveness to ongoing stimuli and an apparent tendency to live for the immediate present. The loss of this active or volitional relation to the world is, ultimately, the most profound effect of damage to the frontal lobes. The action unfolds into the volumetric space of limbic cognition, a space of dream and hallucination. The action moves outward beyond the body itself to an extrapersonal field of body movement that is still part of and continuous with subjective mental space. This is not a grasping or manipulation space, for objects have not yet exteriorized. The emerging action is read off into keyboards innervating the proximal musculature. Actions leave the body axis and are distributed through the proximal muscles into the space around the body or onto the body itslef. At this stage, the first separation appears between perceiver and object, actor and object acted upon, agent and action. The motor envelope differentiates into partial actions, objects begin to clarify, and space begins to expand, fractionate, and draw away from the perceiver. (Lazarus, 1991) The role of limbic mechanisms in action is brought home even more clearly by conditions in which there is damage to limbic-derived neocortex on the mesial aspect of the frontal lobe. Bilateral damage to the anterior cingulate gyrus gives rise to a state of akinetic mutism resembling that which can occur with damage to the upper brainstem. The patient appears to be in a catatonic stupor and, as in catatonia, there are periodic bouts of excitement that give way to a persistent vegetative state. Stimulation of this region in man produces motor and affective responses suggestive of â€Å"a primitive or archaic level in behavior†. Stimulation adjacent to the anterior cingulate gyrus in the supplementary motor area (SMA) causes iteration or arrest of vocalization and proximal movement, especially of the upper limbs. With damage there may be a â€Å"release† of automatisms and primitive synergies of the arm and hand (alien hand) or difficulty initiating action with the arm though strength and coordination are intact. There may also be difficulty initiating speech. This can lead to selective mutism or selective akinesia, that is, ambulatory mutism or good speech with imparied initiation of limb movement. Selective difficulty initiating movements with the lower extremities occurs in the so-called gait apraxia, or magnetic gait, often associated with hydrocephalus. (Wilson, 1983) In the microgenetic theory the SMA mediates preparatory stages in action generation prior to conscious awareness. Lesions of this area disrupt speech, limb, and body action in a common manner early in the processing of the action, prior to the specification of constituent movement patterns. The disturbance of speech was viewed as motoric, not linguistic or propositional. In the microgenetic view, each response represents a bundle of action structures, consisting of the series of stages through which the action develops. Pathology disrupts the action at different points in this process. The site of the lesion determines the point in the sequence that is disrupted, and this point or processing stage constitutes the symptom or abnormal behavior. Microgeny maps onto patterns of phyletic growth. The structure of an action and the symptoms that correspond to levels in this structure are distributed over stages in forebrain evolution. Damage to older orbital and mesial frontal limbic formations leads to impaired activation (response bias or perseveration and lack of initiation), damage along the convexity leads to derailment of the action after adequate initiation (distractibility, apraxia, and confabulation), and damage to premotor and motor cortices leads to a defect in implementation of distal targets (misarticulation, clumsiness, and weakness). Specifically, the evolutionary progression from limbic to motor cortices retraces the sequence of processing stages in the microtemporal elaboration of an action. Seizures involving mesial frontal limbic cortex can lead to stereotypical actions of a purposeful type, such as scratching one’s head, manipulating imaginary objects, or pacing. The alien hand syndrome also represents a type of released automatism. Here a more complex integrated behavior of a purposeful but not volitional type is associated with damage or stimulation to zones intermediate in the action microgeny. The inner relationship between (impaired) initiation and (â€Å"released†) automatism recurs but now in the context of a more differentiated action pattern, involving segmental or vocal movements. Non-Linear Dynamic Systems. Two aspects of dynamic systems theory deserve specific mention here; the first is the emergent quality of Jung’s methods. Amplification is an intentionally non-linear circumambulation of an image or psychic content; it operates by allowing contextually meaningful associations to be gathered up and enter consciousness. As the limit of personal associations is reached, if further analysis is required, the net is widened to include cultural and archetypal elements. For this expansion to remain clinically relevant it must offer an experiential dimension as well as being an intellectual event; affective involvement is crucial, as will be discussed with dream work. A precondition for entering a state of (analytic) consciousness that can facilitate a mutative employment of transpersonal material was noted by Jung and more fully discussed by Bion, the suspension of ordinary knowing – this link between Jung and Bion was delineated by Fordham along with a number of other areas of overlap between them. All psychoanalysts looking at the applications of infant research to adult analysis, subscribe to variants of an emergentist paradigm grounded in non-linear dynamic systems. Sander’s ideas about paradox and polarity are resonant with Jung’s core perception of the dissociability of the psyche that leads to his theory of complexes with the consequent aim in analysis to foster synthesis and integration via the transcendent function. Every living system must cope with uncertainty that places it in a state somewhere between continuity and change, core polarities for Sander. In the therapeutic setting, fluctuations in relational certitude and doubt provide an emergent edge through which the co-constructed third of the relationship becomes the locus of the transcendent function. The system radically expands our understanding of transference and points to the creative possibilities inherent in a â€Å"new† experience. Which complexes are constellated in the analyst, in the patient and between them at such moments should likely be considered.

Free Essays on Louisiana Creoles

The term Creole means many things to many people. It originates from the Latin word â€Å"creare† which means create. The Webster Dictionary states that a Creole is a white person of French or Spanish descent. Which means that Creoles are descendants of French and Spanish settlers. White Creoles are the French speaking descendants of early French and Spanish settlers. Black Creoles are mostly the French speaking Louisianians of mixed race. Black Creoles have their own culture and customs and even there own language, with most of it coming from French. In Latin America, the term Creole may refer to people of direct Spanish extraction or just part of families whose ancestors go back to the Colonial time period. In the West Indies the term Creole is used to identify descendants of any European settlers. The Spanish word for Creole is â€Å"criollo†and during 1699- 1803 the word Creole meant persons of African or European heritage born in the New World. Creole also mean people born in New Orleans or those who have African, Caribbean, French, or Spanish ancestors. Creoles have had a heavy influence on the heritage of New Orleans. A New Orleans Creole is a French or Spanish descendants of settlers born in the colony, not in Europe. Most Creoles call themselves â€Å"French†. They also consider themselves as the only true â€Å"natives†. They found a spot in society for themselves between whites and unslaved blacks. Today Creole is most often used in Acadiana to refer to a person’s full or mixed African heritage. Creoles have very popular music. It’s known as Zydeco. There is a celebration for Zydeco music which is called the Zydeco Festival. Creoles of African descent had a strong influence on the Cajun culture. Its been told that Creoles are black Cajuns. In 1952, Creoles founded a preservation group called C. R. E. O. L. E., Inc. It stands for Cultural Resourceful Educational Opportunities toward Linguistic Enrichment. ... Free Essays on Louisiana Creoles Free Essays on Louisiana Creoles The term Creole means many things to many people. It originates from the Latin word â€Å"creare† which means create. The Webster Dictionary states that a Creole is a white person of French or Spanish descent. Which means that Creoles are descendants of French and Spanish settlers. White Creoles are the French speaking descendants of early French and Spanish settlers. Black Creoles are mostly the French speaking Louisianians of mixed race. Black Creoles have their own culture and customs and even there own language, with most of it coming from French. In Latin America, the term Creole may refer to people of direct Spanish extraction or just part of families whose ancestors go back to the Colonial time period. In the West Indies the term Creole is used to identify descendants of any European settlers. The Spanish word for Creole is â€Å"criollo†and during 1699- 1803 the word Creole meant persons of African or European heritage born in the New World. Creole also mean people born in New Orleans or those who have African, Caribbean, French, or Spanish ancestors. Creoles have had a heavy influence on the heritage of New Orleans. A New Orleans Creole is a French or Spanish descendants of settlers born in the colony, not in Europe. Most Creoles call themselves â€Å"French†. They also consider themselves as the only true â€Å"natives†. They found a spot in society for themselves between whites and unslaved blacks. Today Creole is most often used in Acadiana to refer to a person’s full or mixed African heritage. Creoles have very popular music. It’s known as Zydeco. There is a celebration for Zydeco music which is called the Zydeco Festival. Creoles of African descent had a strong influence on the Cajun culture. Its been told that Creoles are black Cajuns. In 1952, Creoles founded a preservation group called C. R. E. O. L. E., Inc. It stands for Cultural Resourceful Educational Opportunities toward Linguistic Enrichment. ...

Sigmund Freud and Breuer and Charcots Influence essays

Sigmund Freud and Breuer and Charcot's Influence essays The most influential figure in the world of psychology, the founder of psychoanalysis, the self-made genius: the great Sigmund Freud. His ideas were not entirely developed independently, but they were truly compilations of ideas forged by the network of intellectuals during the late nineteenth century. Two of the most influential men Freuds life was Jean-Martin Charcot and Joseph Breuer. These men sparked the flame within Freud that set modern psychology ablaze. Both figures contributed to Freuds revelation in the case of hysteria. Each man, of different background and position, made unique contributions to the key that opened the door to psychoanalysis. Without such guide and inspiration Freud would have, perhaps, never made the advances, that he did. Sigmund Freud was born on May 6, 1856, in the small town of Freiberg. His father was a wool merchant; his father was sharp, and good-humored. His mother was animated; she was her husband's second wife and 20 years younger than him, when she was 21 when she gave birth to her first son Sigmund. Sigmund had two older half-brothers and six younger siblings. When he was four the family moved to Vienna, where he lived most of his life. Freud was a brilliant child, he was said to have always been at the head of his class; he went to medical school, which was one of the few possible options for a bright Jewish boy in Vienna at the time. There, he became involved in research under the direction of a physiology professor named Ernst Brcke. Brcke believed in what we now call reductionism, which states: "No other forces than the common physical-chemical ones are active within the organism." (Freud and Beyond, Stephen Mitchell and Margaret Black) This was a popular belief at the time. Freud spent many years trying to "reduce" personality to neurology; he later gave up on this idea. Freud was very good at his research; he concentrated on neurophysiology; he even inve...

Performnce management (developing methods of performance apraisal) Essay

Performnce management (developing methods of performance apraisal) - Essay Example Performance appraisal can be described as a formal and systematic way of identifying, observing as well as measuring the strengths and weaknesses of the employees in their job (Swanepoel, 1998). The primary goal of performance appraisal is concerned with improving the performance of the individuals as well as the organisation as a whole so that the desired goals can be easily attained. The system of performance appraisal is mainly concerned with gathering information about the performance of different individuals so as to be in a position to make a decision with regards to promotion of other people while at the same time developing and training those who lag behind in order to improve their performance (Mullins, 2010). It can also be seen that a performance appraisal system is designed to provide the managers with information that can be used to make necessary pay adjustments since it is widely believed that employees with outstanding and exceptional performance standards should be r ewarded with pay increases so as to motivate them. In most cases, performance appraisal is carried over a certain period of time where the employees are given a certain task to perform in a bid to establish their level of competence. Information about the challenges they have faced is gathered as well as the aspects they found simple to perform. In order to perform this task, the most effective employee performance appraisal tool that can be used is to give the employees short reflective written tests that are designed to explore their views and perceptions towards their work. In order to do this, it is imperative to assign the employees a certain task that ought to be accomplished over a certain period of time. The manger has to design a set of self reflective questions that can be answered in short answers. These questions should be related to the task that has been performed and they help to establish the level of competence of the individual in as far as this job task is concern ed. The method of testing the capability of the employees in performing a certain task is very effective since they are compelled to give objective answers that are relevant to the experience they would have gained through the assigned task. The other method that could be used is a questionnaire. However, the disadvantage of this method is that the responses are subjective since they do not provide a deep insight about a person’s perceptions towards a certain job activity. The test method is effective in that a person would be given the opportunity to narrate the real situation he or she has encountered. Chances of objectivity are high given that the individual would be in a position to give personal opinions and ideas towards something. These views can be used to measure against the standard expectations in the organization. If an employee shows that he or she has weaknesses in certain areas, this information can then be used to improve those weaknesses so that his overall p erformance can be improved. The employees who display exceptional knowledge and skills in the tasks assigned to them can be considered for promotion by the management. They can also be considered for high pay adjustments so as to motivate them in order to continue putting optimum effort in their performance. The problem of poor performance

"why college education is important to me" Essay

"why college education is important to me" - Essay Example College education is important to me because it facilitates the acquisition of life skills that are gained in the common units. For instance, it is mandatory for students to take social skills classes and critical thinking subjects that help them to develop ideas needed to make life decisions. This improves the self-discipline, study behaviors and career insights as the graduates are focused to achieve their intentions (Gardner 2). Having life skills is essential for me to ensure that I am always positive when attending to different affairs. College education is also important to me because it was my dream to attain a professional degree that will enable me to secure a decent job. It is apparent that college graduates earn good salaries compared to high school graduates and unskilled workers (McMahon16). This will be enough to save for future plans and emergencies that might arise as I seek other avenues of having my own firm. I think acquiring a college education equips one with interpersonal skills of interacting with people from distant regions and backgrounds. Professionals are exposed to a variety of experiences and knowledge in their line of duties and interactions. It is also important for me to acquire a college education in order to be competitive in the global job market. Globalization has facilitated the hiring of labor from across the world and I would wish to be among the skilled workers sought by high performing companies (Bowen 62). I aspire to be an all-rounder employee who understands the requirements of different clients. Attaining this experience of adapting to different organizations requires a person who is capable of accepting people from different diversities. Colleges admit students who observe separate cultures where the sharing of ideas and cultural incorporation take place (Bowen 62). I