Thursday, 11 June 2015
Monday, 8 June 2015
Wednesday, 3 June 2015
Tuesday, 19 May 2015
How to Hire from Various actuarial consulting firms?
Actuarial consulting firms are specialists in predicting the future events in finance sector of a country. They help in reducing the impact of unwanted future events and at the same time help companies and individuals to plan well in advance for the future events.
• It is highly essential to estimate what kind of actuarial valuation services you are looking forward to. This will help you understand different kinds of services actuarial consulting firms offer and which one is going to work the best for you.
• If you are dealing in insurance sector, you must look for actuarial firms which offer relevant services. This may include underwriting and risk involved for potential clients. Reducing the impact and predicting the impact of new legislations on insurance sector will help you in procuring better clients.
• The consultants are also ideal for businesses to ensure the best pension plans for their employees. These plans aim at funding individuals in the company even after retirement.
• Location of your actuarial consultant is another major concern when it comes to choosing from wide range of actuarial consulting firms. Some of you may be comfortable communicating through email or Skype and location may not be a big concern, however, some may feel the need hire them in proximity.
• Each organization has its own repute for providing services. You can consult these organizations and ask for ideal actuarial consultant who has worked closely and efficiently well for them.
An ideal actuarial consultant is the one who helps his clients to save money in the best possible manner, helps in avoiding risks from future market scenarios and at the same time suggest ideal solutions for the employees of your organization as well.
• It is highly essential to estimate what kind of actuarial valuation services you are looking forward to. This will help you understand different kinds of services actuarial consulting firms offer and which one is going to work the best for you.
• If you are dealing in insurance sector, you must look for actuarial firms which offer relevant services. This may include underwriting and risk involved for potential clients. Reducing the impact and predicting the impact of new legislations on insurance sector will help you in procuring better clients.
• The consultants are also ideal for businesses to ensure the best pension plans for their employees. These plans aim at funding individuals in the company even after retirement.
• Location of your actuarial consultant is another major concern when it comes to choosing from wide range of actuarial consulting firms. Some of you may be comfortable communicating through email or Skype and location may not be a big concern, however, some may feel the need hire them in proximity.
• Each organization has its own repute for providing services. You can consult these organizations and ask for ideal actuarial consultant who has worked closely and efficiently well for them.
An ideal actuarial consultant is the one who helps his clients to save money in the best possible manner, helps in avoiding risks from future market scenarios and at the same time suggest ideal solutions for the employees of your organization as well.
Wednesday, 6 May 2015
Wednesday, 29 April 2015
Tuesday, 28 April 2015
Gratuity valuation for a security and sanctity of employer-employee relation
What is gratuity?
An end-of-contract gratuity is a certain sum of money put aside by the employer to be paid at the end of employment period. A Gratuity is a lump sum payment that is essentially payable by the employer and acts as a financial security and buffer at the time of employee’s retirement.
Present perfect
Employers have to build a corpus so that payments accruing in the future can be paid easily without causing an unnecessary burden on the financial resources. Finances have to managed from the present day itself so that the future can be planned intelligently. A company is required to not only calculate future exigencies but also to put apart a sum and invest it properly so that the entitlements can be paid off easily. This calls for proper management of finances and the unpredictable future.
A Practicing actuary is able to help a company manage the payables arising in the future through planning and management. Actuaries help calculate the present value of due payments and manage the uncertainties arising in the path of building a comfortable corpus.
Future Planning
Gratuity, leave encashment, pension funding and other compensations payable across the spectrum of employee’s lifetime of employment and beyond are a necessity that has to be fulfilled by the employer. The law requires the company to set aside funds so that an employee can attend to his personal and family needs arising in the future. Gratuity valuation helps companies cover volatile circumstances with planned investments so that employees can be paid their due recompense.
An end-of-contract gratuity is a certain sum of money put aside by the employer to be paid at the end of employment period. A Gratuity is a lump sum payment that is essentially payable by the employer and acts as a financial security and buffer at the time of employee’s retirement.
Present perfect
Employers have to build a corpus so that payments accruing in the future can be paid easily without causing an unnecessary burden on the financial resources. Finances have to managed from the present day itself so that the future can be planned intelligently. A company is required to not only calculate future exigencies but also to put apart a sum and invest it properly so that the entitlements can be paid off easily. This calls for proper management of finances and the unpredictable future.
A Practicing actuary is able to help a company manage the payables arising in the future through planning and management. Actuaries help calculate the present value of due payments and manage the uncertainties arising in the path of building a comfortable corpus.
Future Planning
Gratuity, leave encashment, pension funding and other compensations payable across the spectrum of employee’s lifetime of employment and beyond are a necessity that has to be fulfilled by the employer. The law requires the company to set aside funds so that an employee can attend to his personal and family needs arising in the future. Gratuity valuation helps companies cover volatile circumstances with planned investments so that employees can be paid their due recompense.
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