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Training and Development for Financial Professionals at the Prudential Insurance Company - Research Paper Example

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The author states that Prudential Insurance Company is an averagely performing organization that can be improved through an effective training program. This involves conducting a needs assessment through an organizational task and personnel analysis to establish the areas that require attention …
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Training and Development for Financial Professionals at the Prudential Insurance Company
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Download file to see previous pages The history of Prudential Insurance Company can be traced back to 1875 when John Fairfield Dryden - an insurance agent established a company that started by providing cover for funeral expenses among low-income families for the humble premium of 3 cents. This was before tapping into the growing middle class through industrial insurance policies. This boosted its growth and the decision to pursue an expansionary policy paid dividends as the company grew around New York by the turn of the 20th century before spreading across the US. It has since grown into a giant insurance company operating in more than 30 countries around the world and holding life insurance running into trillions of dollars. The company now offers a variety of both retail and institutional policies and uses a logo based on the Rock of Gibraltar to demonstrate its strength and security it offers to its customers (Prudential.com).
Prudential Insurance Company Needs Assessment: The first step in designing and ultimately implementing a training program is conducting a needs analysis to identify what is currently available in an organization and what is needed to achieve its goals. This consists of organizational analysis, task analysis, and personnel analysis all of which aid in identifying what is to be the focus of the training program to be implemented (Chan 19).
An organizational analysis of Prudence Insurance Company can be done by examining the company’s vision and gauging its performance on attaining the vision. The company is committed to differentiating itself from the rest as a reputable global financial services leader which is also to be replicated in the provision of innovative solutions to all matters of health (Prudential.com).  ...Download file to see next pagesRead More
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