MTHEL 131. Business writing: Group benefits insurance
essay should be within 600-800 words
MTHEL 131
Writing Assignment
This writing assignment is intended to help you understand the differences betweenacademic and business writing. The assignment involves writing on two separate topics.There are four topics to choose from: three business writing options and one academicoption, an informative essay. While you may be quite familiar with the formality andobjectivity of academic writing, you may not have encountered the greater informality andpracticality of business writing yet. This assignment provides you the opportunity to developboth your academic and your business writing abilities, skills useful and greatly valued by bothco-op and permanent employers.
You will prepare an initial draft and a final version of the assignment, both of which willinclude the same two topic options. Your initial draft will be evaluated with handwrittenfeedback on your paper copy. This feedback is intended to coach you in the revision of yourfinal version. Your final version will be evaluated on LEARN only. Please do not submit apaper copy of your final version.
Initial Draft
Due: February 25 by 3:00 pm
Submit to the course drop box and also hand in a paper copy at the beginning of class thatevening. Failure to hand in the paper copy will result in a 5-mark deduction from your grade.This paper copy will be returned to you with helpful commentary and evaluation on March10. You will then have two weeks to make your revisions based on the feedback provided.
Final Version
Due: March 24 by 3:00 pm
Submit to the course drop box but do not hand in a paper copy of the final version. Instead,you will need to hand back the paper copy of your marked initial draft at the beginning ofclass that evening. Failure to do so will result in a 5-mark deduction from your grade. Yourfinal version will be graded on LEARN only.
Topic Options
Choose any two of the following four topics. If you have been enrolled in this course in thepast, you must choose and submit different topic options than you have previouslysubmitted. All initial draft assignments must be double-spaced to facilitate hand-writtencommentary, although final versions must use appropriate spacing for the particular option.Use 12-point font and at least one-inch margins. Pages, excluding the title page, must benumbered with no other headers or footers. No in-text citations should be included in theassignment, but you must include one references page at the very end. Staple yourassignment at the fold angle in the top left corner and do not place in a report cover. Eachtopic should be between 600 and 800 words long.
1. Business Writing: Memo
Group Benefits Insurance
You are the human resources manager for Waterloo Steel Company. You have recentlyhad a short conversation with the president of the company during which you suggestedimplementing an employer-sponsored group benefits insurance plan for the fortyemployees in the company. Prepare a memo for her that explains how purchasing thisproduct for the employees can cause increased growth and profit for the company.Include a description of a standard comprehensive plan and an explanation of theprofitable advantages that will result from providing the benefits.
2. Academic Writing: Essay
Term and Permanent Life Insurance
You are writing an informative academic essay as part of an exam in MTHEL 131. Theseare the instructions: “Write a comparative essay on the topic of term and permanent lifeinsurance. For each major insurance feature, explain the differences between term andpermanent policies.”
3. Business Writing: Marketing Material
Non-forfeiture Options
As an employee of Waterloo Insurance Company, your supervisor has asked you toprepare the written content to be used in informational marketing material aboutNon-forfeiture options. The information is intended for current permanent lifeinsurance policyholders. Include an explanation of non-forfeiture as well as descriptionsof each of the options.
4. Business Writing: Memo
Long-term Care
As an employee of Waterloo Insurance Company, you have just attended a conferencewhere you heard a presentation on a new insurance product called long-term careinsurance. Prepare a memo for your supervisor explaining why selling this product canincrease profit for the company. Include a description of coverage and an explanationof the related demographic factors that cause increasing demand.
Academic Integrity
As with any professional writing, it is critical that this assignment represent your own workwith no collaboration from anyone else. Copying from any textbook, website, instructorresources or student assignments is unacceptable and violates university rules regardingacademic integrity. In addition, for you as a future actuary, such actions contravene theethical conduct expected of individuals in your profession. To confirm your compliance withexpectations, both the initial draft and the final version will be submitted automaticallythrough Turnitin, an Internet-based plagiarism-identification service.
Resources to Help You:
• There will be three workshops to help you understand expectations and undertakerevision.
o Workshop 1 - In class Tuesday, January 21. First there will be a presentationabout the Writing and Communications Centre. Then we will discuss thedifferences between Business Writing and Academic Writing.
o Workshop 2 – Monday, February 24 from 5:30 to 6:30 pm. Location TBA. Bringyour assignment to this workshop and receive guidance on finalizing yourinitial draft.
o Workshop 3 – Tuesday, March 17 from 5:30 to 6:30 pm. Location TBA. Bringyour marked initial draft and your questions concerning revisions to the finalversion
Business Writing: Group Benefit Insurance
Name
Institutional Affiliate
Business Writing: Group Benefit Insurance
Memo
To: The President, Waterloo Steel Company
From: The Human Resource Manager
Date: March 23, 2020
Subject: Group Benefits Insurance Plan
A recent convention for human resource managers identified some of the factors contributing to low productivity in the manufacturing industry. Absenteeism, for instance, plays a significant role in the reduction of productivity among workers. The rising cost of living was further identified as the main factor influencing or rather contributing to low productivity in the industry. The failure to meet the daily needs or demands of life at both the individual and family levels in society leads to low job satisfaction among employees, which leads to increased absenteeism and turnover rates witnessed at the company. It is for the above reason that I propose a review of the benefits package deal offered to our employees by implementing a company-sponsored group insurance plan for our employees. Such a plan would increase the employee’s sense of belonging and thus serving as a motivation to increase their productivity as well as meeting other firm’s goals, objectives, mission, and vision while also upholding our values. Increased job satisfaction of the employees reflects positively in both the rate and quality of production, which further leads to sustainable growth and development of the firm with increased revenue generation.
Features of the Proposed Group Insurance Plan
The group insurance plan should be provide a comprehensive cover for some of the aspects affecting the employee’s performance. The life aspects identified as crucial to their well-being and increased productivity at work include matters of health for both the individuals and their family members as well as short and long-term disabilities incurred within the working environment. The comprehensive cover will thus cover both the health and disabilities of the employees. Provided herein are features of the group insurance plan;
* Health or medical cover
The company shall subscribe to the preferred provider organizations (PPOs) plan for the health insurance of all employees. Under the PPOs, employees will no longer have to visit a primary care provider to get a referral for a preferred doctor or hospital. The PPOs ensure that employees access healthcare services at affordable costs and thus reducing expenditure on the same as well as increasing their savings.
* Group Life Insurance Cover
Most employees tend to have a plan for their future, which includes the funeral expenses left to their families in case of their demise. Including the life insurance cover into the package functions to motivate both the recruits and existing employees as it creates a sense of belonging to the firm. Employees are grouped according to their job descriptions or classes within the organization and provided with a set limit for the premiums of each group. The life insurance cover for each of the employees is only available for the duration during which they are still serving the organization.
* Short-term and Long-term Disability
Susceptibility to either short or long-term disabilities incurred while discharging one’s duties and responsibilities to the firm make for one of the areas for concern among employees especially in the steel industry. Protecting employees who incur disabilities and thus unable to perform their work assignments also functions to increase their job satisfaction and thus reducing the turnover rates. The company shall offer both short and long-term disability covers for the employee. Under the short-term disability cover, employees will enjoy a certain percentage of their normal salaries for a period lasting between 7 to 14 days. The stated period covering the time taken for the disability incurred at work to heal. Long-term disability cover also pays a percentage of the employee’s salary for a longer period of time lasting for months. The company endeavors to provide both policies.
Advantages
* Increased job satisfaction
The group insurance plan enhances the employee’s sense of belonging and thus increasing job s...
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