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Wednesday, 12 October 2011

Why Manulife?

Why Manulife Financial?



Manulife Financial Corporation

(NYSE: MFC )









Last Trade:12.59
Trade Time:Oct 12
Change: 0.00 (0.00%)
Prev Close:12.59
Open:N/A
Bid:12.05 x 100
Ask:14.00 x 100
1y Target Est:17.50









Day's Range:N/A - N/A
52wk Range:10.25 - 19.50
Volume:0
Avg Vol (3m):3,972,700
Market Cap:22.51B
P/E (ttm):10.47
EPS (ttm):1.20
Div & Yield:0.53 (4.40%)
Quotes delayed, except where indicated otherwise. Currency in USD.
Video- http://www.manulife.com/public/careers/index/0,,lang=en&navId=660002,00.htm Click here to watch a three-minute video that articulates Manulife's vision to be the most professional life insurance company in the world and the exciting opportunities it offers staff. Please ensure that you have the latest version of Windows Media Player. The professionalism and talent of our employees is what makes Manulife Financial a successful organization. As a leading provider of financial protection products and investment management services, we depend upon the performance, service, and support of many different business units. Here you can learn about some of the departments that exist within our organization, including: Industry Leadership/Innovation Exciting Challenges Advancement and Growth Strong Performance Geographic Diversity Employee Benefits Rewards and Recognition Industry Leadership/Innovation Manulife Financial prides itself on being a leader in the financial services industry. Manulife is the largest life insurance company in Canada, second largest in North America and fifth largest in the world. Every one of the Company's operating units aim to provide flexible, creative and intelligent solutions backed by unmatched industry experience and financial strength. Exciting Challenges Our success in facing challenges in the future as the financial services industry undergoes a significant transformation will depend largely on the commitment and success of our employees and their dedication to quality and professionalism. These challenges offer you an opportunity to demonstrate initiative and engage in projects and activities that will have a direct affect on Manulife's future performance. Advancement and Growth In order to attract and retain the best and most capable employees, Manulife Financial invests in the development of our people and rewards superior performance. As a large multinational Company, Manulife offers many exciting challenges in all of its operating divisions around the world, operating as Manulife Financial in Canada and Asia and primarily through John Hancock in the United States. Manulife's employees can grow by taking on new and exciting assignments within one business unit, or look to new opportunities to gain exposure to different parts of the business. Strong Performance Over the past ten years, Manulife Financial has achieved new levels of growth and demonstrated sustained financial success, placing us among the most profitable life insurance companies in North America. Manulife Financial's strong performance provides a base for developing a global leader in financial services where talented employees can thrive. Geographic Diversity Entry into new markets is a key component of Manulife's growth strategy. Manulife pursues strategic growth in business areas where it has core strengths, and in markets where Manulife has experience and expertise. With operations in 19 countries and territories worldwide offering a unique mix of products and services, Manulife Financial is the place to be to develop your career. Employee Benefits Manulife Financial is committed to continuing its leadership role in providing comprehensive employee benefits, assistance and services. Canadian Benefits US Benefits Canadian Benefits Benefits for regular full-time and part-time employees include: Global Share Ownership Program - Allows employees to share in the success of our Company. VIP (Variable Incentive Plan) - A yearly bonus structure is available for all regular full-time employees. Flexible benefits plan - Employees have the option to customize benefits. Choices are based on different categories, including: - Extended Health Care (EHC): Provides coverage for prescription drugs, hospital care, professional services, vision care, medical supplies, etc. EHC is in addition to your provincial coverage. Dental: Covers services of a dentist or denturist. Four dental options are available, so you can choose the coverage that fits your needs best. Long Term Disability: With Long Term Disability (LTD) coverage, you are assured a continued income if you are disabled and unable to work after your sick leave and Extended Illnesses have ended. Life Insurance: In addition to the company provided Basic Life Insurance, you have the option to purchase up to four times your Benefits Base Rate in Optional Life Insurance. You may also choose spousal and dependent Life insurances. Staff Group RRSP - The Group RRSP plan is available with more than 25 investment options to choose from. Staff Pension Plan - A generous staff pension plan is provided. Financial Planning - Free on-site access to financial planning advice is available from qualified financial planners. Educational Assistance Programs - 100 per cent upfront assistance on approved career related courses is provided. U.S. Benefits Benefits for regular full-time and part-time employees include: Global Share Ownership Program - Allows employees to share in the success of our Company. VIP (Variable Incentive Plan) - A yearly bonus structure is available for all regular full-time employees. Comprehensive Health Insurance (POS and HMO) Dental Insurance Flexible Spending Accounts (FSA) - Manulife Financial offers two flexible spending accounts: Healthcare FSA and Dependent Care FSA. Life Insurance - Manulife Financial provides employees, at no cost, insurance equal to one times their annual salary. Additional coverage may be purchased. Dependent Life Insurance - Two options of spouse and dependent life insurance are available for employees to purchase. Short-Term Disability Insurance - Provides salary continuation for eligible employees in the event of an illness or injury lasting longer than five consecutive work days to a maximum of 25 weeks. Long-Term Disability Insurance - Two options are available: 1) Company provided basic coverage and 2) Optional benefit for employee purchase. Benefits begin after 180 days of continuous disability. 401(k) Savings Plan - The plan allows employees to save for retirement through pre-tax payroll deductions and Company matching contributions Cash Balance Plan - The 100 per cent Company funded plan provides an additional means of saving for retirement. Education Assistance - Contingent upon management approval, regular employees are eligible to request reimbursement of 100 per cent of the cost of tuition for approved courses. Industry Education Programs - Manulife sponsors various industry education programs designed to enrich the employee's career. Company Training Programs - A variety of exciting programs are available to continue professional development. Rewards and Recognition At Manulife, we are constantly evaluating our compensation levels, ensuring that we are competitive. Employees in North America participate in a Variable Incentive Program that recognizes and rewards an individual’s contributions to achieving our business goals, as well as overall Company performance. Our recognition programs exist at many levels. Business units and divisions have initiatives geared towards specific criteria, such as teamwork and customer service. At the corporate level, each year Manulife recognizes a select group of employees and distribution partners from every division for their outstanding contributions. These individuals are named “Manulife STARs of Excellence.” These individuals embody the values and core competencies of Manulife. The STARs of Excellence program takes its name from the qualities that are exemplified by the nomination criteria:
Superior Knowledge and Skill
Trust and Integrity
Action-oriented
Responsive

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