Essay on Bank of America Benefits - 1174 Words

Bank of America is the company I elected to discuss their unique benefits package. Bank of America is one of the worlds largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with more than 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the worlds leading wealth management companies and is a global leader in corporate†¦show more content†¦This means that an associate will have vacation from the first day they become employed with the company instead of having to wait a full year to be elgible with most companies. In addition to vacation time, Bank of Ameri ca provides paid time off work due to an associate’s personal illness or an illness of a spouse/domestic partner, parent, child or child of a spouse or domestic partner. An associate may use up to two of the 10 occasional illness days for personal reasons with his or her manager’s approval. For those of us who are working parents, we have all faced times where our children will fall ill to different types of sickness. With Bank of America associates, they don’t have to use their vacation time nor take unpaid time off. Those 10 days allotted of sick time are available for them to use. Like all other banks, Bank of America recognizes 10 major holidays throughout the year. Bank of America provides these days of paid time off work annually in observance of holidays. Generally, Bank of America observes the Federal Reserve holiday schedule; however, certain business units may observe a different holiday schedule based on business needs, such as the New York Stock Exch ange holiday schedule. For instance, certain areas of the business may be open on some of those bank paid holidays. That means one of two things for the associates: they will receive time and a half for hours worked thatShow MoreRelatedStrategy And Benefits Of Bank Of America Essay964 Words   |  4 PagesBank of America, on the other hand, has spent its time during the post great recession managing its Merrill Lynch purchase. With such a large wealth management force often referred to as the ‘thundering herd’, the Merrill acquisition allows the bank to explore untapped opportunities, as well as making the bank the biggest in the nation bypassing â€Å"JPMorgan Chase Co (JPM.N) and Citigroup Inc (C.N) in size, giving it about $2.7 trillion of assets† (Stempel, 2009). Similar to Morgan Stanley’s plansRead MoreBank of America951 Words   |  4 PagesOrganizing Paper ï ¿ ½ PAGE ï ¿ ½1ï ¿ ½ BANK OF AMERICA Bank of America is one of the biggest companies with a lot of employees. Bank of America was founded in 1874 known as the Nations Bank till its acquisition of a San Francisco-based Bank of America in which it assumed its current name. Bank of America is one of the leading financial companies in the world. When dealing with assets, it is the second largest. Bank of America has a profit of 31.61%. The factors that hurt the bank would be due to customers closingRead MoreCase Analysis: Bank of America: Mobile Banking Essays1196 Words   |  5 PagesCase  Analysis: Bank of America: Mobile Banking Company Overview: Bank of America is the largest US bank founded in 1904, it has expanded through several acquisitions. By the end of 2009, Bank of America was the market leader serving 82% of the US population and over 53 million customers. They are positioned as number one in online and mobile banking. Their mobile banking services were launched in 2007 and have gained 4 million customers in less than three years. Acquisitions made by Bank of America priorRead MoreU.s. Olympic Committee, The Indianapolis Cowboys, And The Colonial Pga Tournament983 Words   |  4 Pages In late 2006, executives of Bank of America were evaluating and determining four sports sponsorships to initiate, renew or terminate. The four options are NASCAR, U.S. Olympic Committee, the Dallas Cowboys, and The Colonial PGA Tournament in Fort Worth, Texas. Based on the strict criteria for the bank’s sports sponsorship â€Å"return on investment†, executives made their decision: (1) start a new relationship with NASC AR as its official bank, (2) renew the USOC sponsorship, (3) renew the sponsorshipRead MoreA Comparison Of Hamilton And Alexander Hamilton1149 Words   |  5 PagesAlexander Hamilton presented an idea that initially established the National Bank. While Hamilton’s plan was the best solution to the financial difficulties the United States faced, it received a large amount of criticism. Thomas Jefferson vehemently objected to Hamilton’s proposal mainly regarding the constitutionality of the National Bank. In this paper, I argue that Alexander Hamilton’s proposal for the National Bank was better than Thomas Jefferson’s because it created a path to a self-sufficientRead MoreWhy Bank Of America s Onboarding Process For Executives Essay1441 Words   |  6 PagesThe onboarding process for executives at Bank of America does not stop after the first few days or even after the first few weeks. In fact, the onboarding training and development program at Bank of Am erica benefits its executives for up to 18 months. The company invests significant time and expense on its executives because the organization places a high value on talent management and considers the potential derailment risks for its new executives. Indeed, the risk for executive turnover is highRead MoreAndrew Jackson: Sinner or Saint Essay622 Words   |  3 PagesOne man, Andrew Jackson, changed the role of the presidency in The United States of America forever. Andrew Jackson was the voice of the people in America. Jackson fought in the War of 1812 and led the country with a strong arm. However, Jackson had a barbaric way of life about himself. Jackson was the reason for many tragic events in America that were beneficial had a major effect on the country. Andrew Jackson achieved two terms from 1829-1837. Andrew Jackson was one of the most controversial presidentsRead MoreBank Of America - Mobile Banking1197 Words   |  5 PagesBank of America - Mobile Banking 1- What benefits does mobile banking provide to consumers? At the time of the case, why haven’t many consumers adopted mobile banking yet? There are many benefits that mobile banking provides to its consumers, but I would like to focus on the top three that I think are the most important. Convenience is at the top of the list because of the fact that consumers can access their bank accounts on the move from anywhere they have data on their mobile phone. Users canRead MoreA Report On The Bank Of The United States1593 Words   |  7 Pagesof Treasury of the United States, established the first bank in America in 1791. Nowadays, banks are essentially a financial organization qualified to receive deposits. The two types of banks used in America are commercial banks and investment banks. Commercial banks are primarily concentrated on handling withdrawals and deposits in addition to providing temporary loans to entrepreneurs and small businesses. Customers mostly use these banks for checking and savings accounts, documentations of depositsRead MoreFemale Saudi Perception Of Online Banking899 Words   |  4 PagesThis study will focus on the female Saudi perception of online banking because limited studies have been performed. Aljasser and Sasidhar (2013) stated, â€Å"in Saudi Arabia, both traditional banks and women-only banks function in parallel† (p. 9); however, men and women have separated buildings. This study will investigate female Saudi users’ perceptions toward online banking in Saudi Arabia. Statistically, this research will identify the factors that influence Saudi female users to adopt online banking

First Published In Life MagazineS, WorldS Highest Standard

First published in Life Magazine s, World s Highest Standard of Living became instantly recognizable to many Americans during the Great Depression for its starkly ironic juxtaposition of an idealized America alongside the grimmer aspects of everyday reality. By looking at Figure 1. â€Å"The American Way† by Margaret Bourke White, we can see the contrast between the advertisement and the people in line, which most people do not see. This is important because it emphasizes the crisis following the Great Ohio River flood of 1937. Margaret Bourke White was a photographer based in Cleveland, Ohio that can be primarily described as an industrial photographer. Her photographs focused on the human side of news, depicting the hardship that many†¦show more content†¦Every member of the family is smiling, even the dog hanging out the window appears to be enjoying himself. It is clear that this billboard is meant to make other want this sort of lifestyle. Across the top of the o f the billboard the words â€Å"World’s Highest Standard of Living† is written in all caps, lower down beside the vehicle the billboard reads â€Å"there’s no way like the American Way†. The use of all capital letter may be meant to emphasizes that the family is depicting the ideal style of living and that it’s the standard that all others should try to achieve. The words lower down on the billboard are written in a more sophisticated font. The word way is capitalized, this may be because it draws attention to the word and places more emphasis on it. Understanding the billboards goal is important to the irony that is emphasized by the photographer. The billboard was a for of propaganda displayed across the South to lift American moral during the Great Depression, and yet it serves as a comparison and highlights the grim reality of the time period. In contrast, the people in line are dressed in dark colors and none of them are smiling. This group of people are lined up to get rations in the aftermath of the Louisville flood. There is no happiness in the way they are standing and no one is talking to each other, it almost seems as if there is a grim sense of hopelessness shared amongst those in line. Furthermore,Show MoreRelatedCorporate Responsibilty and Marketing Strategies Essay1922 Words   |  8 Pagesthat it currently employs to market its products. Apple Inc, is an American multinational corporation and world’s second largest information technology company; they designs, develops and sells consumer electronics, computer software and personal computers. Apple was founded by Ronald Wayne, Steve Jobs Steve Wozniak on April 1,1976.Apple has earned first place among Fortune magazine’s world’s most admired companies also many believe that Apple’s success stems from a combination of many factors; in cludingRead MoreBusiness Case Study : Business Case Analysis7304 Words   |  30 Pagescreative management approach. This organization appealed to me because of its core values, its stewardship to the communities and environment and its unwavering beliefs in natural and organic style of living. I have always tried to live a healthy life and consume products that are better for me and the environment and it’s been especially true since my daughter was born. She was born with allergies and I had to do my own research into the best products and foods for her well-being. Whole FoodsRead MoreEthical Companies12021 Words   |  49 Pages2011 World’s Most Ethical Companies The Ethisphere Institute, a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability, announced the official unveiling of the 2011 World’s Most Ethical Companies. This year’s honorees have gone above and beyond to prove business ethics are paramount to the success of a company’s brand and bottom line. In its fifth year, the World’sRead MoreFmcg Products Classification5487 Words   |  22 PagesTraders Ltd. It is headquartered in  Mumbai, India and employs over 16,500 workers  whilst also indirectly helping to facilitate the employment of over 65,000 people.  The company was renamed in June 2007 as â€Å"Hindustan Unilever Limited Lever Brothers first commenced operations in India in the summer of 1888, when crates full of Sunlight soap bars, embossed with the words Made in England by Lever Brothers were shipped to the Kolkata harbor and it began an era of marketing branded Fast Moving ConsumerRead MoreGlobalization and Its Impact on Malaysia13672 Words   |  55 Pagesmany challenges inherent in globalization ... Even as we embrace it, we must be wary of the dangers which accompany it.† |   Mahathir Mohamad | globalization Definition Name for the process of increasing the connectivity and interdependence of the worlds markets and businesses. 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Project Design Proposal Interface Usability Sample for Students

Question: Write a Project Design Proposal. Answer: Overview This proposed designs aims at building a customer-centric online gift e-commerce website to increase sales and maximize purchases. The design objectives include a portal that performs sales, marketing, and customer service functions to maximize returns; the website should be easy to manage and maintain. The scope is a web interface that enriches the customer experience and is able to integrate seamlessly with other functions including interaction, social media, payment, and customer record management. Design Aims To build a fast, attractive, easily navigable e-commerce website that requires the shortest time to complete purchases, such as five minutes to conclude a purchase and enhances customer interaction. To encourage customer interaction while at the site so the dual roles of customer service and feedback can be undertaken from the website (Huang, Benyoucef, 2013). The design and feel should be an incentive for customers to make purchases without any hassle and meet company goals that include increased sales and profits as well as customer retention (Yoo, Kim, Sanders, 2015). The website should seamlessly combine and meet both the functional and non-functional requirements for the business and the customer as well (Chiu, Wang, Fang, Huang, 2012). Further, the design aims at maximizing the returns on investments for constructing the website and lead to increased sales from existing and new customers Scope The website will be a user friendly, easy to use website where customers can view products, zoom in to images, make comparisons and social media buttons, as part of the website functional requirements. The web site will enable catalogue browsing and management, allow customers easily browse products, create their accounts, and manage their orders. The website will also offer options for shipping and tracking shipping, offer a hassle free checkout method that integrates with the most common payment gateways and also allow for easy site maintenance and management (Ch?odnicki, Zieli?ski, 2009).Design Outline The e-store will have a landing page (home page) where the customer will see some of the popular products and services images and a brief description and prices displayed prominently on the centre of the home page. The images will be dynamic (flash based) so they keep changing and providing information about different product categories. On top will be links to major product catego ries that will be links to other web pages. On the bottom of the home page will be links to specific information, including social media links, information about the company, a link to information about the e store and special offer links. The left side will have a single pane where customers (or admin) can log in for existing customers. The diagram below shows the wife-frame for the website home page Objectives and Outputs Objective Output MetricEnhance company sales Generate more and double sales made in previous month 2500 clients Increase sales conversion rate 50% Increase Improve sales support 2500 clientsMarketing portal Generate more qualified leads 60% increase Educate visitors on products 200 new visitors daily Increased lead conversion rate 30% conversion rate of leads into buyersCustomer support More customers served 2000 customers daily Fast transactions Complete purchase in FIVE minutes Customer satisfaction 80% customer satisfactionImprove operations Optimized and automated work flows Management objective Integration Integrate with accounting, inventory, and social media Automatic updating Grow revenue and profits Maximize ROI ROI of 80% Key Assumptions The e-commerce website will perform functions of a traditional store, plus more. The design also will add more features to the online application for the gift shop hence customers will be able to access more services from the storeProposed Evaluation Methods The evaluation will be based on the DECIDE framework that entails determining goals, exploring some questions, select a method for evaluation, have practical issues identified. Then a decision is made on how to handle ethical issues, before finally evaluating, analysing, interpreting and presenting the results. The website will be developed using an iterative process where there is continuous testing and updating to ensure the final product fully meets practical user requirements (Lewis, Dobbs Veerapillai, 2009). User testing will be done through usability testing in both natural settings where users test it and using analysts and consultants to critique the design. The elements to be tested and feedback obtained using the itera tive process include the ease of learning, use efficiency, error frequency and severity, memorability, and subjective satisfaction among the test groups. The evaluation will involve experts testing the e-commerce interface and giving feedback that then are incorporated into the development using the iterative process (Sommerville, 2016). References Chiu, C., Wang, E., Fang, Y., Huang, H. (2012). Understanding customers' repeat purchase intentions in B2C e-commerce: the roles of utilitarian value, hedonic value and perceived risk. Information Systems Journal, 24(1), 85-114. https://dx.doi.org/10.1111/j.1365-2575.2012.00407.xCh?odnicki, M., Zieli?ski, M. (2009). Creating Value by Designing: Economic and Business Perspectives. JOURNAL OF INTERNATIONAL STUDIES, 2(1), 89-98. https://dx.doi.org/10.14254/2071-8330.2008/2-1/10Huang, Z., Benyoucef, M. (2013). From e-commerce to social commerce: A close look at design features. Electronic Commerce Research And Applications, 12(4), 246-259. https://dx.doi.org/10.1016/j.elerap.2012.12.003 Lewis, W. E., Dobbs, D., Veerapillai, G. (2009). Software testing and continuous quality improvement. Boca Raton: Auerbach Publications.Sommerville, I. (2016). Software engineering. 10th Ed. Pearson Education Limited. New YorkYoo, C., Kim, Y., Sanders, G. (2015). The impact of interactivity of elect ronic word of mouth systems and E-Quality on decision support in the context of the e- marketplace. Information Management, 52(4), 496-505. https://dx.doi.org/10.1016/j.im.2015.03.001