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1.4.3 Practice: Explore Insurance Careers
Practice
Introduction to Business and Technology Sem 1
Points Possible:
30
Name:
Shenellica Bettencourt
Date:
2/22/2024
Reflect (5 points)
On your assignment sheet, answer general questions about jobs and careers.
1. In your own words, explain the difference between a job and a career. (1 point)
A job is something people do just to get by and pay the bills. A career is something people love to do makes them happy and they are in it for longer term. 2. Which type of work — a job or a career — do you think demands more emotional energy, and why?
(1 point)
I say a job because most people find an regular 9-5 job draining and is ultimately less excited about going
to work.
3. Why would it be helpful to get a job in the same field as your career interest? For instance, if you
wanted to become a veterinarian, would a job cleaning stables after school be useful? (1 point)
It is helpful so you can have the work experience and learn as much as you can to see If you want to pursue it as a career. 4. What basic skills and character traits do you think are important for almost every type of career?
Identify at least five, and explain why they are important. (2 points)
Honesty because you should be able to trust your coworkers.
Positive attitude because when people have a negative attitude, they don’t want to work well.
Goal focused because you want to be working for something.
Hard working because if you are not your boss will notice and not need you and you will get fired.
Organized because if you are not it will make things more stressful not being able to locate things when needed.
Analyze (10 points)
Analyze data from the Bureau of Labor Statistics Occupational Handbook database for three careers
related to the insurance industry.
1. In your own words, answer the questions below about career opportunities for insurance sales agents.
Locate the information at the Bureau of Labor Statistics Occupational Handbook site:
https://www.bls.gov/ooh/sales/insurance-sales-agents.htm.
a. What do insurance sales agents do? (1 point)
Insurance sales agents go out and try to sell other types of insurance to potential customers.
b. What is the job outlook for insurance agents? (1 point)
The job outlook is about 5%
c. What is the average annual pay, and what educational qualifications are needed for this career? (1
point)
The annual pay is about $91,323 and the educational qualifications is a high school diploma, or a bachelor's degree.
2. In your own words, answer the questions below about career opportunities for insurance actuaries. Locate the information at the Bureau of Labor Statistics Occupational Handbook site: https://www.bls.gov/ooh/math/actuaries.htm.
a. What does an actuary do? (1 point)
Actuaries use financial, mathematics, and statistics to analyze financial costs of uncertainty and risk. b. What is the job outlook for an insurance actuary? (1 point)
The job outlook is about 18%
c. What is the average annual pay, and what educational qualifications are needed for this career? (1
point)
The annul pay is about $108,350 and the educational qualifications is a bachelor’s degree.
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Related Questions
Assignment 2 – Activity
Title B:Strategic HRM in Aviation
Instruction:Select an airline or an airport and cover the following aspects:i. Identify and discuss the firm’s strategic aims
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Assignment 2 – Activity
Title: Practical HRM in Aviation
Objective/s:i. To gain insight of the HRM system of world’s renowned airlinesii. To improve analytical skills of the students
Instruction: Select an airline and cover the following aspects:
ii. Job descriptions and job specifications of at least 4 different positions in the company
arrow_forward
which one is correct please confirm?
QUESTION 14
Operational plans are generally conducted at two levels. Which length of time is typically considered long-term?
a.
5 years
b.
10 years
c.
2 years
d.
12-18 months
arrow_forward
Matthew Kolins is the HR head of Herwith Analytics. He is in urgent need of AI experts
in order to have advanced methods to not only attract his customers but also be technologically advanced. He planned for a high end training module and took care of all
the aspects but somehow the end result was no where near the required outcome.He
planned to identify the need,set the objective, implement and also evaluate,and yet he
could not achieve his goal. Can you help Matthew with the factor where he went wrong
and what can he do now to rectify the situation
arrow_forward
HRM Incident 2: Was There Enough Preparation?
“Hi, Sam. How are the preparations going for your assignment in Japan?”
“Well, Elvis, I really feel prepared for the assignment, and the high level of apprehension I first experienced is gone.”
“What exactly did the preparation program involve, Sam?”
“The experience was really exhaustive. First, I spent a good deal of time in a comprehensive orientation and training program. The program covered training and familiarization in the language, culture, history, living conditions, and local customs of Japan. Then, to make the transition back to home easier and better for my career, I have developed a plan with my boss that includes several trips back here to remain a key part of this operation. Also, my career development training will include the same training as the other managers in the home office. Finally, I was completely briefed on repatriation orientation and training that I would experience when I returned. Also, I was fully…
arrow_forward
Assignment 2 – Activity
Title A:Practical HRM in Aviation
Instruction:Select an airline and cover the following aspects:
ii. Job descriptions and job specifications of at least 4 different positions in the company.
arrow_forward
Assignment 2 – Activity
Title A:Practical HRM in Aviation
Instruction:Select an airline and cover the following aspects:
ii. Job description and job analysis of at least 4 different positions in the company
arrow_forward
Assignment 5
1. How are objectives and priorities developed
for training/
2. What must be considered in creating
objectives for training? Name them.
3. What are some considerations that must be
remembered in designing a training program?
arrow_forward
Assignment 2 – Activity
Title B:Strategic HRM in Aviation
Objective/s:i. To analyze different strategic HRM practices in aviation. ii. To provide opportunity for the students to learn from the real-life examples from theaviation industry
Instruction:Select an airline or an airport and cover the following aspects:
ii. Pinpoint the employee behaviors and skills that are needed to achieve these strategic aims
arrow_forward
Design and development of a training programme is both time-consuming and expensive
in the absence of professional expertise. The cost of designing a two-day programme
may be anything between Rs. 5,000 to Rs.10,000 and the time may be around three to
seven days. But the decades of hardcore HRD experience of IHRD professionals in the
profession helps them to speed up the work for delivering the programme to their clients
at the shortest possible time at affordable cost.
Questions
1.
Why is it that open programmes and customised programmes require different
approaches in designing?
2
What are the major challenges in designing a training programme?
3.
What are the competitive advantages of IHRD in training design?
arrow_forward
Activity 4
You are working as Assistant Manager- HR in Sahar Multinational head quartered in UAE has its subsidiary in Malaysia, Kuwait and Bangladesh. You are required to plan a performance management for your subsidiary units. Explain the constraints which you might face while managing the performance in your subsidiary units.?
arrow_forward
Clama Limited proposes to procure consulting services to design and supervise the construction of a new multi-purpose stadium in Mongu District of Western Province of Zambia. Required:
(a) Using examples, explain two ways that could be used to appoint consultant.
(b) Discuss three factors or criteria you would consider in selecting consultant.
arrow_forward
Case Study Topic: The effective management of time is crucial for students success. What is the importance of effective time management to successful study? Explain your answers and reasoning.
arrow_forward
Assignment 2 – Activity
Title A:Practical HRM in Aviation
nstruction:Select an airline and cover the following aspects:
iii. Describe the employee selection process for at least 2 different positions.
arrow_forward
Assignment 2 – Activity
Title A:Practical HRM in Aviation
Instruction:Select an airline and cover the following aspects:
v. Employee training processes.
arrow_forward
Scenario: Suppose you are the manager of a consulting firm that designs and produces custom software solutions for your clients. To accomplish these tasks you supervise a staff of 100 programmer/analysts. For reasons dictated by the needs of your clients, and by the nature of your business, you offer and sell two separate services, technical design specifications (a document describing how best to solve a client’s problem) and actual implementations (in the form of hardware and software)
Staff Members
Assigned to Design Projects
Staff Members
Assigned to Implementation Projects
Design Projects Completed
Implementation Projects Completed
0
100
0
15
25
75
20
14
50
50
35
12
75
25
45
7
100
0
50
0
In the following graph, plot the productions possibilities for the consulting firm :
Questions concerning the scenario described on previous page.
a) What happens to the curve if the programmer/analyst union bargains for reduced…
arrow_forward
Subject: Human Resource Mangement.
Question 03: Describe sick leave, casual leave and earn leave in reference to Bangladesh Labor Law. (Marks 2.50)
Question 02: ‘The productive people set stretch goals’. What is stretch goals.
arrow_forward
24
ASSESSMENT #1
Fill in the blanks.
6. Give examples of job specifications for the following
positions:
a. Secretary to the general manager:
b. Human Resource Manager:
c. Job analyst:
7. Prepare the job description of the job analyst.
ASSESSMENT #1
Fill in the blanks.
1. The one in charge of conducting job analysis is what we call
is conducted to determine the responsibility of the job as
well as the qualifications needed to fulfill its responsibility.
3.
refers to the minimum qualifications necessary for the
effective performance of a given job.
4. Some of the uses of job analysis information include
2.
5. Examples of new job titles as a result of e-commerce
include
Presentation te
2000
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