Enterprise Annuity Performance Evaluation System

With the rapid growth of aging population, the old-age social security system around the world increases the financial burden. In order to guarantee the living standard of the retired workers, improve annuity replacement rate and reduce the burden of the basic old-age insurance, most countries bring forward the enterprise annuity plan policy, via this they reform and perfect the traditional old-age insurance system. The special structure and large population in China, as well as long-term low-level old-age insurance,it decided that it is the inevitable trend of referencing foreign experience of developing the enterprise annuity when we reform Chinese traditional old-age insurance system. However, owing to the lack of effective monitoring, it has occurred the "Enron", "Shanghai's annuity fund" and other major issues, which has seriously hindered the development process of enterprise annuity, it made that the function which the enterprise annuity is the second pillar of old-age security system is not fully embodied and the reform of the old-age insurance system advanced slowly.It has become the key to reform old-age insurance system through a real-time, accurate monitoring, ensuring the security of enterprise annuity, increasing the operational efficiency of the enterprise annuity, expanding the coverage of enterprise annuity and achieving the development strategy of enterprise annuity. This dissertation considers that,we should establish appropriate performance evaluation system to monitor the operation of the whole enterprise annuity and adjust enterprise annuity policy and business operation strategy of the annuity through continuous feedback information,and it is the best way to achieve this.The dissertation makes enterprise annuity as the research object,from the perspective of performance evaluation to study the implementation issues of enterprise annuity development strategies, applying the thought of the balanced scorecard performance assessment system,it discusses in depth the development of enterprise annuity, the influencing factors of operators process, the main and content of the enterprise annuity performance evaluation, the spirit of the balanced scorecard evaluation system. It tries to indicate the operational mechanism of the enterprise annuity performance evaluation system. At the same time,from the development strategy of enterprise annuity, the dissertation breaks through the one-sidedness that system or investment performance of the enterprise annuity was regarded as the only assessment item in previous performance evaluation, comprehensively considers the financial issues, customer issues, internal processes, as well as learning and growth issues in the enterprise annuity business operation, and assesses the operating performance of enterprise annuity integrated.From the structure point of view, the text is divided into seven chapters. In chapter one,the dissertation briefly describes the research background, methodology and significance, briefly describes the innovation of this research. Chapter two is the literary review of relevant studies, including the theory of performance evaluation and performance evaluation of enterprise annuity,which has laid the foundation for the establishment of the enterprise annuity performance evaluation system. Chapter three studies the basic theory of enterprise annuity, defines the concept and features of enterprise annuity, analyzes developmental and operational mechanism of the enterprise annuity, mainly studies the influential factors in the enterprise annuity operation, provides a theoretical framework to select the indicators for the establishment of enterprise annuity performance evaluation system. Chapter four analyzes the main and the content of enterprise annuity performance evaluation system,the assessment procedures needed to pay attention in assessment and indicators and so on, and establishes the principle in the performance evaluation of the enterprise annuity. Chapter five states the core idea,theoretical framework and main contents of the four dimensions of the Balanced Score Card firstly, studies the basic characteristics of the Balanced Score Card and the mechanism of China's Enterprise Annuity performance evaluation system which is based on the thinking of Balanced Score Card, and further establishes a basic framework of the performance evaluation system of enterprise annuity, analyses the characteristic of the enterprise annuity performance evaluation system, such as the balance, strategy-oriented, and highlight the evaluation of intellectual capital etc. Chapter six describes the choice criteria of the key strategic indicators of China's Enterprise Annuity system of performance evaluation firstly, analyses the specific indicators of the enterprise annuity performance evaluation system on the financial perspective, customer perspective, internal process perspective and learning and innovation perspective, applying AHP(analytic hierarchy process) to study the specific weight of various indicators in the index system .Based on this,the Balanced Score Card of the two prime important areas in the operation of the enterprise annuity, the enterprise annuity trustees and investment managers. Chapter seven makes a simple conclusion on the analysis of earlier studies.In the creative process of this dissertation,I learn, digest and absorb a lot of scholars'relevant research results, and form the research system of this dissertation. I think that the main contribution of this paper is: (1) in order to address the performance evaluation of the enterprise annuity, the dissertation puts forward that applying the idea of the Balanced Score Card to comprehensive performance assessment of the Enterprise Annuity; (2) the dissertation has established a model of the enterprise annuity performance evaluation system from the development strategy view; (3) the dissertation has established an index system of the enterprise annuity performance evaluation which integrated the key indicators and the Balanced Score Card; (4) taking into account the complexity of the performance assessment of enterprise annuity system, the thesis uses AHP to determine indicators weight of the enterprise annuity performance evaluation system. In the process of studying and writing, some ideas and points of view are implicit in the text, limited to a variety of reasons some hasn't stated in details, it is necessary to study in the future. At the same time, I also hope that the research will give some reference the development of China's Enterprise Annuity.