State Life Training Program Rs.20000/month FA/FSc

State Life Training Program:

The State Life Training Program Rs.20000/month FA/FSc Insurance Corporation of Pakistan offers an exceptional career opportunity to Intermediate.

And also  State Life Training Program Rs.20000/month FA/FSc are  A-Level students or equivalent qualification to qualify as Fellows of the Society of Actuaries, USA or the Institute of Actuaries, UK from State Life Training Program Rs.20000. These are internationally recognized and highly prestigious qualifications.

State Life Offers:

A monthly stipend of Rs. 20,0001- will be paid during the training period of two years.

A permanent post as Executive Officer will be offered on successful completion of the training period (i.e. passing two subjects of the Institute of Actuaries or two exams of the Society of Actuaries) with gross remuneration of around Rs. 45,0001- per month plus attractive fringe benefits.

Rapid career advancement and salary escalation on passing further actuarial examinations.
Structured training program with generous study leave
and financial assistance with course and exam fees.

Qualifications:

Applicants must have passed either:

The intermediate exam, with at least 75% aggregate
marks and at least 80% marks in Mathematics,

Or The London / Cambridge G.C.E_ (0-level) in at least five subjects including a pass in English Language or Literature and a minimum of two passes at Advanced Level (A-Level), 

One of the Advanced Level passes must be in Mathematics with at least Grade-A or at least Grade-B in case of Further Mathematics or Higher Mathematics) and the other pass must be with at least Grade-C.

• Age:

The maximum age should be 20 years on the date of publication of this advertisement.

How to Apply:

Candidates are required to apply through the prescribed `Application Form" which can be downloaded from the State Life website: www.statelife.com.pk.

Please send the Application Form along with two passport-size photographs, a copy of CNIC, and attested copies of educational certificates within 15 days of publication of this advertisement.

Only shortlisted candidates will be called for the written test I interview for State Life Training Program Rs.20000/month FA/FSc.

The number of posts for induction under the Actuarial Training Scheme is Eight (08).
Divisional Head (P&GS)

State Life Insurance Corporation of Pakistan, Principal Office, State Life Building No.09,
Dr. Ziauddin Ahmed Road, Karachi. Ph # 021-99204591

Note: If you learn about the Queen Elizabeth Scholarship visit here.

Chevening is the UK government's international awards scheme

Chevening is the UK government's international awards scheme aimed at developing global leaders. Funded by the Foreign and Commonwealth Office (FCO) and partner organisations, Chevening offers a unique opportunity for future leaders, influencers and decision-makers from all over the world to develop professionally and academically, network extensively, experience UK culture and build lasting positive relationships with the UK.

Type of award

Postgraduate Masters

Amount

100% international student tuition fees, living expenses and flight (economy)

Eligibility

To be eligible for this scholarship, you must:

• be a citizen of a Chevening-eligible country
• have an undergraduate degree
• have at least two years' work experience
• have received an unconditional offer on an eligible Masters by July 2020 (it is possible to apply for the scholarship before receiving an offer of a place)
• meet the Chevening English language requirement by July 2020
• return to your country of citizenship for a minimum of two years after your award has ended

Check the full Chevening eligibility criteria

How to apply

Find out how to apply for the Chevening Scholarship by visiting their website. Click the button below:

FIND OUT HOW TO APPLY FOR THE CHEVENING SCHOLARSHIP

Contact us

Chevening contact form

What is Stakeholders and HRM (Human Resource Management)

Stakeholder Management:

Anyone who affects or affected by (positively or negatively) during the planning, execution and end results of a project is the stakeholder. And the management of those stakeholders is called project management. To identify the stakeholders we have to go through all the processes of project management.

There are four types of stakeholders: consumers, governance, influencers and providers, all known by the acronym UPIG.

Human Resource Management:

According to Storey, “HRM is the distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce”.

More about HRM (Human Resource Management):

If we move towards the stakeholders management and HRM than it is clear obvious that managing stakeholders will also include the managing human resources. 

So we can say that stakeholder’s management has broader scope than HRM. Because stakeholders management means managing all stakeholders i.e., suppliers, customers, government agencies, human resources, sponsors (some time called top management), and much more. 

But the managing human resources only means managing humans that are actually involved in the execution of project and leads a project towards successive closure.

What is Stakeholder:

A stakeholder may be an individual, a group, or an organization that aims to bring any type of project to fruition from which they earn their money. 

That's why they are so interested in the results because it gives them the best benefits - they have some special benefits, two of which are financial growth or career advancement - and it works well for others. Perform from.

Describe Stakeholder :

If we see with ardent eyes, it can said that there are different number of stakeholders that are affecting the organization from both sides i.e., internally as well as externally. And human resource management is one of these stakeholders that are affecting the organization internally. 

We know that human resource is the organization’s asset that can affect an organization positively or negatively. If this is utilized in an efficient way then this will affect the organization positively and will enable an organization to remain competitive and vice versa. 

There are four types of stakeholders: consumers, governance, influencers and providers, all known by the acronym UPIG.

It is also said that managing the human resource is the most crucial among all the project management processes. Now it is up to the project manager that how he/she gets the benefit.

Conclusion:

So it is concluded that we can take the human resource management as a part of stakeholder management but we cannot say that stakeholder management and HRM are same in meaning and scope. Because stakeholders management is broader in scope than HRM. And if we manage the stakeholders we will also have to manage the human resource. 

What is Project Stakeholders? its Types, Definition, explanation, all details...

A stakeholder is a servant or a whole party who works for a company and plays its best role in bringing it to fruition. A stakeholder is a party that works hard for a project because it has its own interests in it, directly or indirectly. A stakeholder's party usually consists of employees, customers and suppliers. But the rest of the people are involved to get it out to more people.

You should know that each of you is a stakeholder directly or indirectly because you will come to believe when we talk about it later. Today we will talk about two major stakeholders. I think you should read this whole article to make your project. It will help you a lot.

Primary stakeholders:

The stakeholders who actively take part in any phase (planning, execution, controlling and closure) of a project and also who are actually entitled for end result of a project are called primary stakeholders. Such as, supplier, consumer, sponsors, employees, etc.

Example Of Primary or Internal Stakeholder:

You should know that all those who invest in the project and all the employees who work on the project are known as Primary stakeholders. 

For example, if you want to set up a large company, you have to get approval from the government first, and then you have to find employees for it. Project managers will be needed, and money will also be needed, they are all internal or primary stakeholders.

This is because they all relate to the project for their own benefit and they rely entirely on the outcome.

Types of primary or internal stakeholder:

Project Manager:

The project manager is responsible for everything from the beginning to the end of the work. He will be fully responsible for the loss and benefit and he will be accountable to the project owner for everything.

Sponsor:

You will find that it takes a lot of money to do any work and that is the purpose of the people, the job of the sponsor is to give money and usually the sponsors are the owners, who bring it from anywhere. And it is his responsibility.

Project Steering Committee:

We can also call the project steering committee the project board, this committee is mostly for large projects which are for a longer period of months and years. 

Their work is very important. They can turn the whole project in the right direction for the betterment of the project. And they are responsible if it damages the project. Most of these people are highly experienced people who have more experience in their field.

Client/Customer:

For whom you are building your service or product, if your service or product does not please your customers, all your hard work may be wasted and your instrument may be wasted, so some people think of it as indirect. And some people consider them indirect. However, it is very important to take care of them.

Project team:

You will know that in any project the officer only orders the work done by the project team no matter what type of project. Their responsibility is also very important and big because the entire project depends on them to be completed.by the way, all the project teams are the same, but everyone has a different job.

Suppliers/vender:

Different types of companies on the other side of the project that are involved in the project for their own benefit, their job is to meet the needs of each type of project and they are all people from the other company.

Project Contractor:

Most of this work is done in construction projects. You can call it the key to the whole project. For example, if you want to make a software, this work can only be done by these project contractors and the whole project depends on it.

Project Consultant:

These are the people who are very expert about the project and they have a lot of knowledge about your project and all these people who are working on the project are fully aware of the project. I guide.

Project Champion:

There is a servant who helps every project official and his work is for all big projects. The job of the project champion is to make a commitment on the whole project whether our project is working properly or not and this is benefiting us that we are going in the wrong direction.

Secondary Stakeholders:

The stakeholders who affect a organization externally or affected by the project end results are called secondary stakeholders. 

This affection may be positive or negative. Such as Gove. may increase interest rates to control money supply, hence resulting in decreasing of interest revenue for financial institution involved in money lending. So for a financial institution govt. is a secondary stakeholder that affected it negatively. 

At the same time for the govt. financial institutions are secondary stakeholders those are affected negatively.

Example Of Secondary or external Stakeholder:

External Stakeholders As you may know from the name, they are not affiliated with the company but are external stakeholders. All those people who are affected by the business and choose it for themselves.

For example, in a country where you run a company, your company affects the people living in that country in any way, whether mentally or as a pollution, or for their benefit. But keep in mind that these do not directly affect the project but can certainly affect it indirectly.

Types of Secondary or external Stakeholder:

Comparator:

You must take care of your competitor because if your company's competitors are better than yours then your company may be affected immensely but indirectly. This will make you better at your company.

Tourists:

You should know that if your company is big and good then people are more inclined towards your country. And people come to your country from other countries and it is definitely great and beneficial for you. But remember, it will not benefit you personally but will benefit you externally, i:e. your country.

The Media :

You have to remember that there are people who are against your success who are your opponents, of course they can use the media to defame you, you should be aware of that and take care of it. They do not seem to harm you, but they try to harm you from behind. It also benefits you.

Families :

You should know that there are a lot of people connected to your company and they can be your team members, it is your responsibility to take care of them then you will benefit and you will There is no harm in indirect but can be indirect.

Also, take care of families who are not members of your team. This is your personal responsibility.

Why to manage & engage stakeholders?

Each and every stakeholder expects something different from the organization in pursuit of their own interest, taking risks and receiving benefits in return. 

Some of these can feel free to withdraw any time when the conditions are no longer favorable but some of them are in contractual agreement with organization. Now it is up to the organization that how it manage and protect the interest of stakeholders either those are in contractual agreement or not.

We know that communication is key to success and if an organization is being in contact with its stakeholders, this will help it to identify different kind of perception they have. By communication and interacting with stakeholders an organization will able to know its strength, weakness, consumers need, degree of product satisfaction, stakeholders expectation, and making them involved in decision making process will ultimately turn stakeholders loyal to organization whether these are consumers, employees, sponsors, etc. 

in return they will make every effort to do better things and so helping the organization to remain completive in long run.

Conclusion:

Did you know that we keep bringing you the best articles that have the best impact on your knowledge and your personal life? I am sure you will like our What is Project Stakeholders? article.

If you have any questions about this article, please let us know in the comments. We will provide a better answer. You can visit our website to see more of our great articles.
We hope you enjoy the article and enjoy it.
Thank you.

Decision Making

                                                      

The decision-making process involves several distinct  stages. The first step is to define the problem. Alternative solutions to a problem are then generated before one is chosen as the solution to implement. 

After a solution is implemented, it should later be evaluated and altered if necessary. 

Not all problems are the same and not all alternatives are acceptable.

Decision-making involves selecting an alternative to implement from among a number of possible alternatives. Many times, the alternatives that decis ion-makers select and implement are those with which they are familiar or those that are readily available. 

For example, each day when I get into my car to return home from work, I choose an alternative that is very familiar and easy for me to implement. 

However, on any given day I could choose a different alternative from among an almost unlimited number of other effective solutions. 

I could bum a ride from one of my friends or acquaintances from work, call a taxi, ride a bus, walk, ride a bike or skateboard, or choose any combination of those alternatives.

 

In addition to those alternatives, there are also a number of illegal alternatives from which I could choose. I could steal or hijack a vehicle, sneak onto public transp ortation, or ride in a taxi and stiff the driver of the fare. 

However, I never consider those alternatives as legitimate possibilities because they are not legal. Selecting and implementing one of those could result in criminal prosecution, fines, incarceration, and other unpleasant consequences. 

Illegal alternatives are screened out as unacceptable before being evaluated as possible solutions.

Some alternatives, though legal, are likewise never considered as possible solutions. 

For example, I could con a motorist into driving me home under the guise of a personal or family emergency. 

I could play on the sympathy of a coworker by faking an injury for a ride or to borrow a vehicle. I could also concoct a hard-luck story to solicit money from friends or strangers for bus or cab fares. 

Those alternatives never come up for consideration in my mind because they violate my sense of ethics and morality. 

Violating my ethical principles would make me feel guilty and ashamed of my actions and could cost me the trust of those who helped me—if they ever learned that I had taken advantage of them. 

Only the alternatives that are legal and ethical become possible solutions to a problem.

As more and more organizations embrace the notions of empowerment and shared decision-making, it is becoming increasingly important that workers know how to make decisions. 

They must understand how to define problems and develop alternative solutions that are both legal and ethical. 

To do that, workers need to understand the legal environments in which their organizations operate and the ethical guidelines that drive their operations. 

Organizational leaders must continually train and educate their workers on these issues and clearly express their expectations for ethical and legal behavior. Failure to do so can be costly.