Racial Discrimination in US Employment

The United States has been long considered as a nation defined by diversity. An article from the website Mesriani Law Group mentioned that this country is a point where in culture and faces meet. It is the union of languages into one word, and images of many people into one name. However, it cannot be helped that cultures would clash, and the array of disagreements could be far and wide. It cannot be helped that some minds could remain closed even after all the decades different people co-existed. There remains biases and stereotypes, which label so many people with negative names.Although there has been actions and campaigns to counter this unjust behavior in society, it cannot be helped that the ideal one nation is still under construction. Racial discrimination is also most evident in the workplace, where the battle for the better color continues. It could be the pressure from the norms constructed then construed by society. It could be the tradition they never outgrew. It could b e the close-mindedness of people developed by years of inclusion from the many realities of life.Whatever caused this unjust treatment in the workplace, it persists to be a problem in an individuals professional life. This paper aimed to give light to the basic laws that protect the employees from the different forms of discrimination in the workplace. Finding the basic information one should know about this unjust activities is essential in finding conclusions regarding the matter. Furthermore, this paper aims to relate cases into the deliberation to have a firmer grasp about the issue at hand. This is to re-establish the reality of this issue in the country.Discussion Title VII of the Civil Rights Act of 1964 With the rise in statistics regarding racial discrimination in the country, laws were also raised and deliberated upon to protect those who experience this kind of injustice. According to the US Equal Employment Opportunity Commission, there is a law that aimed to protect the individuals who are discriminated against due to their race and place of origin, as well as their sexual orientation and religion. The law also aimed to protect those who are discriminated due to the color of their hair and eyes.This category also includes individuals who are in anyway associated with any particular culture that is different from the host country. This law is the Title VII of the Civil Rights Act of 1964. Employment cannot be denied of any person due to the color of their skins. This law also mentioned that it is applicable to any organization. The local and state government organizations are not exempted from this law and should abide by it. Under this law, it is also prohibited to make organizational decisions based on the stereotypes and general assumptions of different cultures.They cannot point specifically the different races, even those multi-racial individuals, when regarding the total functioning of the organization. In this light, it is considered unlawfu l to evaluate an individual for recruitment, hiring promotion and termination based on the color of their skin. Their wages and other privileges in their employment should not be affected by this factor as well. Organizations should be very particular that they do not have policies that may spite or render a culture discriminated against. Instead, they should be able to adapt a one culture that discourages racial slurs and prejudices.Kinds of Racial Discrimination in the Workplace According to the aforementioned website Mesriani, there are two kinds of situations wherein racial discrimination occurs. This needs to be re-established so find certain solutions to remedy the predicament. The first kind of racial discrimination is the Disparate Treatment. This is the basic form of racial discrimination where the individual is judged by his or her ethnic background and other similar characteristics that may bring about a similar impact on the individual. The second kind is called Disparat e Impact.This, on the other hand, is discrimination brought about by the policies rendered by management, which had a negative effect on an individual based on the color of his or her skin. Website Making Sense also mentioned these kinds of racial discrimination. But they called these as Direct and Indirect discrimination respectively. Those Who Need Protection These people who are being discriminated against need all the protection they could get. They are the people of color, and there exists a certain spite in between. As much as anyone would need, an individual needs to make a living to survive this fast paced society.If they would be discriminated against in employment, then these individuals are only offered the kind of jobs that were stereotyped to fit them. They will not be able to grow, not have any professional advancement, regardless of their capabilities and educational attainment. Furthermore, a lot of individuals of color have superior knowledge and skills. But because of discrimination, they cannot surpass judgmental eyes and their own aspirations. They are unable to make a career and a life because certain people think that they are not capable of doing anything except for menial and routine jobs.Should not one look far beyond, and go deeper than the color of one's skin? Those Who are Liable On the other hand, who are liable for this kind of unjust treatment in the workplace? Website the New Black Magazine wrote that those who ultimately are liable in such situations are the employers. They are in charge and are responsible for the welfare of every employee, regardless of race and certain physical features of an individual. When an employee is involved in the case of discrimination, both he and the employers are taken during the deliberation.It is a rare case though, as the magazine mentioned, for the employer to win against a case of racial discrimination in their office. In the cases when they do, the case continues against the employee invol ved. Race Relations Act of 1976 Simultaneously, there is another act that aims to protect different races. This is called the Race Relations Act of 1976. This, on the other hand, also aims to protect individuals not only in employment but also in housing, education, and the availing of other products and services.On top of daunting discrimination, as the earlier law entailed, this law is aimed to encourage race equality. It takes the issue of equal rights across cultures to a higher level. A Council under this Act is conjured for three reasons. They should eradicate discrimination against different racial groups, promote opportunities across the culture, as well as to reinforce the importance of having good relations between racial groups. Growing Statistics Despite the Improvements According to USA Today, there is a 24% increase in the number of cases about racial discrimination in the workplace.This was reported by the Equal Employment Opportunity Commission. There are 6, 977 case s reported in the year 2007, in comparison to the 5, 646 of the previous year. The article also mentioned that the number of reported unjust activities to the commission was raised to more than half since the year 1991. It was also written that the Commission is yet to study the sudden rise in numbers. However, their speculations are that the spike began with the case about six black teenagers and their white classmate. This injustice also stretched to the offices no one would have found unethical in this sense.On the other hand, an article from the New York Times also mentioned that there is an obvious increase in the number of racial discrimination cases in the workplace. Author Linda Greenhouse mentioned that the Supreme Court has been rather active regarding this kind of cases. One of the cases newly reported then is concerned about the protection of one employee who retaliated against a discriminating supervisor. The other was based on age. Although Title VII also included prot ection individuals against retaliation, the article mentioned that certain courts do not take this as serious as they should.Moreover, this kind of protection was only given to those employees who instigated the complaint against their employers, or those who formally approached the Equal Employment Opportunity Commission. In this regard, an article from the website Human Rights Watch implied that despite the growing number of cases about racial discrimination in the US workplace, those in government still failed to find an answer to completely annihilate the problem. They have been battling with the issue for so many years, and yet the statistics continue to rise. They have signed and implemented many of these laws, but there are more unhappy employees.The laws they created looked very promising. Actually, it promised a lot of things. It promised protection and be on equal footing in regards to employment. Yet the stereotypes remain to be eradicated. The color of the individual's s kin is assumed to be tied with a certain kind of job, despite the achievement and credibility he or she carries. The above mentioned article said that there was little progress, even during the time of Clinton. The public officials each have an obligation to the advancement regarding the human rights of each individual in their country. Yet many did not fulfill them, or chose to ignore the rising issue.The article mentioned that thousand of workers are discriminated against, harassed and threatened each year because these individuals persisted that they practice their rights to employment. Moreover, in certain states, there were campaigns against migrant workers. The research studies done my many organizations about the issue should be a signal loud enough for the politicians to move. Unfortunately, little effort was made on their part. Small Scale Beginning With this problem, the solution should start at a small scale. That is for the individual to have the initiative to make that change.By beginning from where the case occurred, the government might be further called that the people are doing something about it, and that they need the full support of the people the citizens voted into those positions. The victim should first know his or her rights as an employee. He should be educated about the laws by the government and the policies and regulations of the company regarding their welfare in the workplace. Being educated is their biggest defense. With this knowledge, they would know when employers are being discriminatory of their employment. They could be discriminated against for many reasons.However, it is racial discrimination in the workplace that is most prominent in the a diverse country such as the United States. Backed with this basic tool, an individual will be able to recognize when an employer or co-employee is being discriminative of his person as a man of color. When this situation rise, he or she should immediately report this to the authoritie s. In the recent years, authorities have been more strict about these situations, and protection can definitely be attained. In this light, there remains the question why, despite the laws for protection, these kinds of problems continue to rise.They have become more strict, yet there were no significant changes. Responsibility of the Employer On the other hand, the employers should also do something about this kind of injustice in the organizations they own or manage. The Race Relations Act gave suggestions to what employers should do especially when they are held liable to every name listed in their payrolls. According to the act, the employer should take charge in monitoring their staff, including the applicants for hiring and candidates for promotion and further training. On top of this, they should be able to monitor the grievances by these employees.It should be well documented. No matter how minimal the complaint is, they should always give just attention to it. In line with this, they should also monitor the cases wherein disciplinary actions were implemented. This is also to see if their part as an employer is doing what they can in their level. They should also be able to monitor the outcomes of performance assessment of the employees. While they are taking care of the welfare of each employee, they should still be able to keep the performance of the employees in line with the objectives of the company.This is to keep the employee's end of the bargain intact and active. As the nature of business is, it is a give and take relationship. It is also important for the employers to monitor the type of training they have for their employees, and who are taking these trainings. Training has a huge effect on the kind of work life existing in the workplace. If their training have any effect on the behavior of their employees, then there are also effects on the output of each employee. Lastly, the Race Relations Act also suggests that employers should take note of the people who were dismissed or have resigned from the organization.The statistics from these numbers could lead to how the organization should change, if necessary, or if there are some improvements that could utilize for both their benefit as well as that of the employees. Conclusion Racial discrimination in the US work environment is a reality one will eventually have to face. When one thought that this kind of prejudice only happens in the the community, it also stretch in the offices both small and broad across the country. Many are affected as there are a wide array of cultures that clash against each other. It cannot be helped that there are cultures that will ultimately contradict the next.However, when dealing with professionalism, these biases and prejudices should be put aside for the progress of both the individual and the organization. There is progress on the laws being implemented for the protection of these individuals. Unfortunately, it is not yet enough to cov er all grounds. There is politics where there should not be. There is already injustice to those who are in charge of doing justice. In the end, the people help themselves until they are given full support. Racial discrimination should not exist in the office or the community. It should not exist at all.

Patriot Act, Pros and Cons

The Patriot Act was signed into law by President Bush in response to the tragedy of the events of 9/11. This report explains the issues that warranted this law, as well as the advantages and disadvantages of the Patriot Act of 2001. Passed in the weeks after the Sept. 11 attacks, the law expanded the government's powers in anti-terrorism investigations. And as expected, controversy is always an issue when such laws are passed. The Patriot Act in no exception. Although the law was designed to counter terrorism within the borders of the United States, some provisions of this law are controversial due to infringements on civil liberties. The following are a list of pros and cons based on information provided by the United States Department of Justice, and ACLU. The Pros: †¢Allows law enforcement to use surveillance against more crimes of terror †¢Law enforcement can conduct investigations without tipping off terrorists †¢Federal agents ask a court for an order to obtain business records in national security terrorism cases †¢The Patriot Act facilitates information sharing and cooperation among government agencies so that they can better â€Å"connect the dots. †¢The Patriot Act reflects new technologies and new threats †¢Law enforcement officials may obtain a search warrant anywhere a terrorist-related activity occurs The Cons: †¢FBI can demand â€Å"any tangible thing,† including books, letters, diaries, library records, medical and psychiatric records, financial information, membership lists of religious institutions, and genetic information without your knowledge or conse nt a. The FBI needs only to tell a judge (no need for evidence or probable cause) that the search protects against terrorism. The judge has no authority to reject this application. †¢Section 213: a. It expands the government's ability to search private property without notice to the owner †¢Violates the 1st and 4th Amendments to the Constitution †¢Does not work: a. 0 out of 5,000 suspects detained for terrorism have been convicted Opponents of the Patriot Act argue that this law was pushed through Congress with some measure of haste and opportunistic tones. The debate and controversy will obviously continue as is with most laws passed within the halls of the United States Congress. As guaranteed by the Constitution of the United States with respect to the right of protest, the Patriot Act will continue and amendments will sure to follow. The act’s own framers admit that it reduces peacetime liberties but argue that it is must continue in order to fight terrorists. As is the case with a law such as the Patriot Act, once it is implemented the government is always reluctant to relinquish its additional powers regardless of whether or not the original threat that prompted the act still exists. Such laws are sometimes viewed as too harsh or simply appalling and sometimes a person feels that his or her privacy is being violated. Sometimes all one has to do is to remember the tragic events of 9/11 to renew their sense of well being, security, and the freedom that is afforded by this great nation, the United States of America.

Appeal Of The Nazi Party History Essay

Appeal Of The Nazi Party History Essay After World War I the country of Germany was no utopia leaving it vulnerable and a perfect target for the Nazi Party. There was depression, food shortage, disorder, social upheaval, anger and a loss of faith within the German citizens. The citizens were all frantically and desperately looking for someone or some party to take charge of the situation, make it better not only for individuals but the country as a whole. One can say that when the Nazi party stepped out of the shadow and into the light, the German citizens were blinded by their past sufferings and anxious desires that they did not see the Nazi party for what it truly was. Nevertheless, the Nazi party was capable of gaining control for a number of reasons; using the past government’s mistakes for their benefit, they used the existing economic troubles to attract people to their party, they used the help of the always appealing and nationalist Hitler but the Nazi party was able to maintain control and power over the country and the minds of citizens through the use of propaganda. The technique of propaganda used by the Nazi party contributed to the success of the political party because it was able to help them gain support from the people of Germany by influencing their minds that contributed to their actions, blind the world into what was in fact the party’s goal and propaganda led to the massacre that occurred within World War II. Nazi propaganda was aimed at appealing to emotions rather than sound or even reasoning and behind it all were messages that were brain washing. Propaganda eliminated individuals so only the Nazi party itself existed and with only one party existing the citizens of Germany were trapped within their own country. The past of Germany allowed the Nazi party to come into the country and use propaganda to take control and maintain power. The Nazis used propaganda to let German citizens who they were and what their power would do. Nazis used propaganda to get the G erman citizens to tag along with what they believed and brought them into a country of chaos, death and a country that alone started World War II. If it was not for the extreme use of propaganda the appeal of the Nazi party would have not been as influential as it was with the German citizens. In Nazi Propaganda written by Zeman he defines propaganda as the art of persuasion: persuading others that one ‘side of the story’ is correct. Propaganda might take the form of persuading others that military might is too great to be challenged; that political might within a nation is too great or popular to challenge or that a government should not be challenged since it is looking out for the best for the nation. Within Nazi Germany, Hitler issued Dr. Joseph Goebbels as head of propaganda. Joseph Goebbels had one important responsibility as the head of propaganda which were to ensure that no one in Germany could observe or examine anything that was argumentative or harmful to the Nazi party. In Nazi Propaganda by Zeman, the author also states that in order to ensure that all was going as followed within Germany; the Reich Chamber of Commerce was established. The organization dealt with literature, art, music, radio, films and newspapers. Each aspect of German society slowly was manipulated into German propaganda which was led by the Nazis. Propaganda was the only way that the Nazi party was able to maintain control because the citizens continued to believe and follow the actions of the party.

The Critical Reading Response 2 Essay Example | Topics and Well Written Essays - 750 words

The Critical Reading Response 2 - Essay Example In other words, global warming today is largely due to mans activities in which harmful gases were emitted into the atmosphere at unprecedented volumes, which trap the suns heat instead of reflecting it back to the outer reaches of space. Stronger typhoons, intense droughts and severe floodings in previously dry areas are clear manifestations of this altered weather pattern. Water supplies are drying up in some wet areas while existing water resources have become unusable due to pollution. In many low-lying areas, the rise in the earths surface temperatures have melted the ice caps and a serious consequence is that these low areas are now being inundated with seawater due to a rise in sea levels. Environmental experts are sounding an alarm about these changes and the culprit is Big Business which exploit and harm the environment with their activities. A rise in human populations also contributed to this degradation of the environment as people scramble to find new sources for food an d raw materials to be used in production. This paper re-examines the debate on what responsibilities should Big Business have today. The concept of corporate social responsibility (CSR) is relatively new, because it was only in the last few years that it has gained prominence in business thought. Previously, most people think of CSR or giving back to the community as an added expense or an unnecessary cost that reduces profits and affects adversely the bottom line. Shareholders years ago did not give much thought to how their business activities affected the environment. Their only concern was how to maximize profits in pursuit of capitalist goals as an offshoot of the Industrial Revolution. The attitude before was to exploit the natural resources available to the maximum but today, a new reality has set in. People now realize that resources are finite; many kinds of resources are non-renewable and other resources are nearing

GCC central Bank Assignment Example | Topics and Well Written Essays - 1500 words

GCC central Bank - Assignment Example The objectives of the Central bank and the proposed functions of the Central Bank in GCC have been proposed to uphold the best interest of the Gulf economy. Introduction The banking industry of Gulf Cooperation Council is based on then six main GCC countries- Saudi Arabia, Kuwait, Bahrain, Oman, Qatar and the United Arab Emirates. The GCC central bank is likely to face new opportunities and challenges as the Gulf countries experience major changes in the economic and demographic sectors. The banking industry in the Gulf countries is majorly evolving with the market being majorly transformed and driven by consumer demands. A major shift is noted in the industry creating a diverse customer base for the banks which will include an increasing number of women and youth. The central bank should shift to more customer centric approach to create value for the customers and implement a model which provides a higher level of service for the customers. The global banking industry encourages the banks in GCC to achieve high performance levels by implementing new strategies like: Capturing the growth opportunity in the changing regulatory environment, strengthening the existing distribution network and creating new distribution networks using up to date technologies, develop and nurture talent to retain good talent within the organizations, use customer analytics based in predictive analysis models and streamline the operating model with the strategic objectives of the organization. The GCC central banks are likely to gain more by focusing on the retail segments and strengthening their distribution networks. In the light of globalization, it is critical for the GCC banks to re-evaluate their operating models so as to ensure sustainable profitability and increasing operational performance. Discussion Recommended Structure of the Central Bank for GCC The structure of the Central bank for GCC should be based on a more market oriented approach than an organization oriented appr oach. There exists a high degree of concentration in the GCC baking industry and there are strict restrictions on the entry of foreign banks in the GCC market. The banking system prevalent in GCC vary based on the size and operations of the banks (Berger, 1995, p.444). Also, the operating environment for commercial banks and Islamic banks is different due to different financial and institutional conditions prevailing in the area. The major structural factors that drive the prospects of development of the GCC bank are the increasing competitiveness in the domestic banking markets, efficient corporate debt markets, use of compliant financing as an important strategy, efficient local equity markets, increasing investments from private institutions and increased use of derivatives and other financial instruments. The structure of the GCC central bank should be heterogeneous based on banking, equity and debt. As the industry is largely concentrated, a greater control on the banking asset s is required by the GCC central bank. The bank has to formulate policies with reference to the fact that the liquidity factors the lending rates are majorly influenced by the oil prices (Rousseau, 1998, p.1162). The banking institution should be primarily dominated by

The current status of immigration, proposed changes to immigration Research Paper

The current status of immigration, proposed changes to immigration policy, and what all of this means for HR - Research Paper Example An analysis of current and required legal immigration policies is being discussed with the implication to Human Resources. An Overview of Immigration Laws: Federal immigration law of United States establishes if any person is eligible to gain residence or citizenship within the country. The law provides a means through which certain individuals may become legally naturalized citizens with all rights of citizenships. It is the responsibility of Federal government to determine the immigration policies by controlling visa processes. There are two types of visas: â€Å"immigrant visas† and â€Å"non immigrant visas†. Primarily the visitors or tourists are issued non-immigrant visas. However, the holders of immigrant visas may be permitted to stay in the United States by fulfilling few legal requirements (Walsh, 2013). Legal requirement for Immigrants: United States, policy makers are providing immigration support to its current and other Foreign Nationals as per their immig ration policies underlining the areas of Human Resource so they can make a significant contribution in the workforce of any organization. There are legal terms, which are used for individuals who are migrating to the United States depending on their visa status and immigration status: Foreign National: is a term used for members who are not citizens of United States. They can be Lawful Permanent Resident (â€Å"green card† holder), Refugee or Temporary Resident as per1986 amnesty program when they were appointed by any organization. Nonimmigrant Visa Status: is a temporary immigration position, which provides permission for a Foreign National to work or study at any University. It includes H-1B status, TN status, and O-1 status. Immigrant Status, Permanent Residence or â€Å"green card†:  is the term given to a status, in which individuals have the right to live, work or study in the United States. A close family member or an employer may sponsor these persons to bec ome permanent residents (Walsh, 2013). Confirmation of Employment Authorization   As per the policies it is required by the federal law that all employees which are hired after November 6, 1986, without prejudice, whether the person is U.S. or foreign-national, has to sign United States Citizenship and Immigration Service Form I-9, the Employment Eligibility Verification.  Employees must complete Section 1 of Form I-9 and give all original  documents or documents as required so that their identity is established. The Director of Employee and Labor Relations then reviews this copy and the information is recorded (Walsh, 2013). Employment of Foreign National Workers As per the policies for Foreign National workers, employees will not be allowed to work for any organization until approved by federal law.   The organization’s Human Resource Department will determine if the Foreign National is authorized to begin employment. In order to be employed by the University, the w orker must have a Nonimmigrant Visa or Employment Authorization Document, which is not expired (Walsh, 2013). Immigration Sponsorship does not affect or replace Employment Policies There may be any employer’s conformity or willingness to sponsor any foreign worker for legal permanent residence. It may not be a contract of employment and may not supersede any of the employer’

Analysis of statistical status of bank based in uae Statistics Project

Analysis of statistical status of bank based in uae - Statistics Project Example e yearly market price on specific stock indicated in the company’s archive for the year 2009/2010 ranges from 2.67 to 3.45 price (AED) while specific monthly fluctuations on a fundamental average consist of 2.71 in January, 2.83 in February, 2.67 in March, 2.97 in April, 3.01 in May, 3.02 in June, 2.88 in July, 3.07 in August, 3.21 in September, 3.33 in October, 3.45 in November and 3.37 in December. The price (AED) situated here is the mean monthly figure calculated and hence are prone to price fluctuations in between days to a relative degree of negative or positive pips. The price AED on these stocks show us two premiered fundamentals and trends which enables us to potentially establish a forthcoming prediction as to how the relative stock prices would behave in the coming annual year and how much return would an investor achieve through such calculations. The first piece of evidence regarding this is the increasing trend of stock prices valued in AED. This inclination identifies that the stock prices on any amount of investment would surly benefit the investor and hence the ADX (Average directional Index) is an up move positive directed i.e. value inclined is greater that down move while value inclined > 0 which clearly indicates that the ADX is a +DM and consequently as per J Welles Wilder a + DI on the fourteen day exponential moving average, J. Welles Wilder, Jr. (June 1978). The second most evident fact suggest two particular things, the first being that as the amount of fluctuations between the stock prices is relatively high hence the risk factor involved is on the higher side as well consequently making an escalated percentage uncertainty on the return investments. The second aspect of this hypothetical claim lies with the fact that the variance on this particular stock is altitudinous in nature i.e. to claim that while observ ing the February and December stock changes we may witness a decline in the Price AED hence suggesting the fact that mean

Public Administration Essay Example | Topics and Well Written Essays - 2250 words

Public Administration - Essay Example Other contract based facilities housed a total of 12,558 inmates according to the latest statistics (BOP, 2012). A majority of the offenders are confined in correctional facilities and detention centers run by the Bureau while the rest are confined in local and private correctional facilities in accordance with the agreements entered into by these institutions with the BOP. The Federal Bureau of Prisons (BOP) aims to safeguard the interests of the society by confining offenders in controlled environments of prisons and other correctional facilities which are safe, cost-effective and secure and which offer the inmates an opportunity to strive for self-improvement and become law-abiding citizens post their term. However, the prison system in the U.S. despite its noble mission is plagued with several setbacks such as overcrowding, racial and ethnic disparities, persistence of unhealthy living environment of the inmates, issues related to health and inmate care, insufficient staffing, et c among others (Department of Justice, 2012). Key Policy Issues: The American Prison system has persistently faced the problem of overcrowding resulting in a rapid deterioration of conditions of confinement for the prisoners, rise in staffing issues, and a significant negative impact on the state budget. According to Sidlow and Henschen (2008) one of the key causes responsible for overcrowding in American prisons is the war on drugs and the legislations following the same. In a desperate move by the government to curb illegal substance abuse laws regarding incarceration of the offenders were strengthened, which ultimately resulted in a rapid rise in number of inmates arrested for the said offence. The rise in number of inmates in turn lead to a subsequent rise in budget spending required for construction and maintenance of correctional facilities as well as staffing. According to latest statistics America holds the record for housing the world’s largest number of inmates and the highest per capita rate of incarceration (The Economist, 2012). The excessive incarceration rates in the country triggered a humanitarian crisis due to ever increasing prisoners and shortage of space. Another persistent problem faced by the prison system is the racial and ethnic disparity in incarceration. The wide racial divide is far more apparent in the American justice system with African Americans having the largest incarceration rates and Asian Americans and Pacific Islanders as the lowest (Hartney & Vuong, 2009; Mauer, 2009). Comprehensive Review: For the purpose of this study three articles are reviewed which are discussed below: 1. Dead or Alive? The Federalism Revolution and Its Meaning for Public Administration by Robert K. Christensen, Charles R. Wise Prisons in the United States operate under laws framed by the respective states and the offenders are punished and incarcerated in accordance with the laws applicable under their jurisprudence. However, a clash between state and federal laws, may significantly influence the decision making by the public managers and affect the system of public administration in general. The authors have cited the historical 2005 Raich decision whereby the court held that "federal controlled Substances Act did not exceed the Congress's power to prohibit the use of medicinal marijuana, which was otherwise legal under the California law" (Christensen & Wise,

Case study Example | Topics and Well Written Essays - 1750 words - 8

Case Study Example The business model followed by Hanon compelled the managers to follow all the rules laid down by the corporate office down to every word. Therefore, the corporate office had complete control over all the operational activities of the restaurant chain. Looking at the initial results of success, the higher management decided to expand the business of China Delight. After the expansion the problem started surfacing. As a result of the expansion, the management had to hire general managers from outside. This decision making eventually proved to be the root cause of the downfall of China Delight. The previously implemented model of close control by the corporate office started creating friction with the newly appointed managers. Moreover, they did not possess any experience to run chain restaurants, so they had to be trained in order to get them habituated with the business and operational structure of Hanon. The training did not prove to be fruitful for China delight, as the managers mos tly ignored the instructions from the higher management and decided to run the operations based on their own knowledge and expertise. This as a result led to severe deviations from the operations manual provided by the corporate office thereby reducing its control over the restaurant chain. The newly appointed managers who did not had any experience in running restaurant chains failed to maintain consistency and quality standards, which hampered the brand image of the restaurant chain thereby reducing the foot fall level. The decreasing revenue and severe loss making became a severe concern for the company. Moreover, there was a communicational gap between the general managers and the corporate office, as the managers did not file regular reports and mostly ignored the instructions from the higher management; this as a result worsened the problem even further. There was also a great

Personal Finance Plan Worksheet Essay Example for Free

Personal Finance Plan Worksheet Essay The process of creating a detailed plan to meet your financial needs and prepare for the future is called b. personal financial planning. 2. Which of the following is not one of the five major steps of the financial planning process? c. collect and organize your financial information 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? c. ate 20’s through your 40’s 4. Which of the following is a benefit of having a college degree that can affect your financial planning? d. all the above 5. Which of the following elements of a comprehensive financial plan involves analyzing future needs, such as saving for retirement or college funding for dependents? d. protecting wealth and dependents Directions Respond to the following short-answer questions in 50-to 100-words: 6. People have different styles when it comes to handling their money. List the two things that affect your personal beliefs and opinions about financial planning. How well do you feel you manage your money? Can you spot areas for improvement in your money management style, and if so, where/how? a. Two things that affect my personal beliefs about financial planning are: my family composition and values. I want my family to be comfortable and I also save but not as much and often as I should. Making sure I save for hard time and my family stability is a must. Setting up a budget is a main topic in my household. b. I can do better and stop tapping into my savings. I do have a savings account that is linked to my account. Everytime I spend something a dollar is sent to my savings, so that also help me balance my account as well. I also need to focus on our needs and not what we want. c. Yes I could stop spending more money and save more which is hard because we just moved and we are buying the house we are renting. Im putting money into the house but bills still have to be paid. We are starting to do a budget to eliminate the how, who, when, and where. 7. Which element of the comprehensive financial plan focuses on your housing needs, setting aside money for emergencies, and establishing a career path? Consider your own finances. Do currectly own a vehicle and/or home? If yes, how well do you manage monthly home and auto expenses? How well do you save for unforeseen expenses? a. Securing basic needs b. I own two vehicles and purchasing a home. We pay our mortgage at the beginning of the month in which we split, we pay the bills as soon as we get the bills and we split those as well, then the car notes are split up, and at the end of the month our car insurance is due. c. We have a savings account that pulls money from our checking whenever we spend money nd then we literally have what I call a piggy bank and we save change as well. There is nothing wrong about saving change because it does add up. 8. The economy is unpredictable and can affect your personal financial planning. List one factor in economic conditions that may affect your financial future. How could you reduce the impact of that factor on your finances? a. Inflation b. To reduce the affect of inflation is to save and go on a budget. You can also shop smarter by shopping cheaper, like generic brands. Also using coupons and your rewards card to reduce the cost of groceries and gas. You can shop around for the cheapest prices and most of the time if you buy in bulk its cheaper. 9. Which step in the five-step financial planning process requires you to organize your financial information, create personal financial statements, and evaluate your current financial position? Have you ever completed this step? If so, is it still applicable to your current financial situation? If not, do you plan to do this soon? Why or why not? a. Step1: Analyze your current financial position. b. Yes I have done it before, but now we just moved and we are now creating a new budget. Since the bills have changed we have to do a new budget and gather our bank statements, bills, and calculater our income to be more financially stable and save more money. We are currently going over a new budget as we speak. 10. Step Five in the five-step financial planning process discusses the importance of regularly reevaluating and revising your plan because personal circumstances often change. List two life changes that may require you to update your financial plan. Have you recently experienced a change that requires you to reevaluate your financial plan? If so, what was it and how have you accommodated it? (Please share only what you are comfortable sharing) a. Marriage and children b. I just recently got married and we’re just purchasing a home. My husband just received social security and 100% in military disability and I work. This make it a little easier for us to make it. I do have children and one is disabled so its tough but we make it. We split everything down the middle so no one person would be overwhelmed with paying all the bills on their own. We try to do a budget and stick to it. We do bargin shop and try to limit where we go due to high gas prices. We also put money to the side for different things we want to do whether its go out to eat, go to the movies, or date night. We also put money back for food and gas. We include everything we do and everything that can happen in our budget and daily life.

Personal delelopment in Accounting and Finance Personal Development Essay

Personal delelopment in Accounting and Finance Personal Development Essay Introduction Personal Development in Accounting and Finance course overall helps me to understand how did my career goal comes about, where do I stand now, and understand the journey and process which I will have to go through in order to achieve my career goal. 2. What did I learn / achieved in PDAF? In PDAF, Belbin lesson, I understand that a team role is a pattern of behaviour. Different team role have different characteristics and all team roles have both strengths and weaknesses. A person could be having a few team roles at a same time. Through the questionnaire, I manage to identify a few team roles which I will normally adopt at work, which include the specialist, the completer/finisher and the shaper role. I manage to identify what are my strengths and allowable weakness. As I am showing the shapers weakness therefore I hope to improve on this area. (See appendix 1). Through this MTBI personality test, I discovered that the personality type which I belong to is ISTJ (introverted sensing with extraverted thinking), whom is a duty fulfiller. This test also allows me to identify my strengths and weaknesses at work and home. I also realise that possible careers for ISTJ are accountants and financial officers which is what my career goal is. (See appendix 3). It was feedback from my group member that she feels that Im in the right career path as the ISTJs personality described me truly. 3. My Career journey thoughts feelings Looking back at my lifeline during lesson 2, I feel that whoever I am now depend on the decision which I had made when I was 19 years old. To choose between going to a polytechnic for engineering course or a private school for CAT made my career journey changed. It is also because of great interest on figures and influences from family, that why I decided to choose a private accounting school for CAT courses rather the other. (See appendix 2) I also feel that all these while in my career journey, I was consider quite lucky. I am lucky in a sense that, I have a lot opportunity to learn new things and gain experience on accounting field compared to the others. I started my first job as Account Assistant with no relevant working experience. Yet I have the opportunity to learn from scratch. I understand that not much company is willing to teach fresh graduate especially when this so called fresh graduate had not officially graduated at that point of time. My career goal is to be an accountant. After doing some website research on the responsibilities for this role, I realise the main duty for an accountant in Singapore public or private sector is about the same. I believe in term of working experience I should be able to fit in as I have pick up quite a valid experience in this area. But looking at the current market entry requirement, sad to comment, although I have the experience and skills in accounting software, I see myself in a non-favourable position in obtaining this position at the current moment. I will need to upgrade my qualification and that is to take up a degree course so that I can fit into the position. (See appendix 4) After working in accounting line for so many years, sometimes I do feel that my interest on my job had faded quite a lot. Sometimes I do not have the energy to move on. I feel that this might be due to long working period with no proper break or rest. As my career goal is to be an accountant, so I will not give up this goal so easily. If financially allows, I am considering of moving out of my working life temporary to have a good break while pursuing my degree course. I think by doing so, I can rest and replenish my energy level on my job, and I can place full time concentration on my study. My follow-up after PDAF After attending this Belbin lesson, I will like to improve on my weakness by showing more concern on the others. Now I tend to think twice before commenting remarks. Although is hard to do it, I hope I can do in time to be. (See appendix 1). I also hope that I can control my emotion (See appendix 2), by not being so affected when my close colleagues left the company. Im happy to know that I am in the right career path and see myself having more strengths than weaknesses being an ISTJ. Being someone whom honored our commitment, loyal and faithful, I hope I can continue this way especially toward my family. There is one weakness which had been around for quite a while and it had been happening quite often at work. It needs a lot of skill and effort in order for me to strengthen it. This weakness is having too strong sense of duty until I had difficult time to say no to others when I was given more work than what we can reasonable handle. I see the need for me to reduce this strong sense of duty image in front of others. I have to control it well so that my sense of duty still exist but yet I know how to say no to them when too much work is being passed down to me. (See appendix 3) I also realise I do not have a proper written cover letter, the current one which I have now contain only a few lines which does not state any impressive remarks to employers. I also did not amend the cover letter accordingly to fit well to each individual job requirement. Therefore I need to pick up some skills on improving my cover letter. My CV was not updated with my latest experience and skill which I have obtained in my previous company. I need to update it regularly or as and when I have done any special projects or obtain any extra skills. Appendices The Group Presentations Appendix 1 Team Roles (Belbin) Presentation content Through the Belbin questionnaire, the team role which I have normally adopts is the Specialist role. Based on the information located from the website http://changingminds.org/explanations/preferences/belbin.htm, specialists strength is it has expert knowledge and skills in key areas and will solve many problems while its allowable weakness is it can be disinterested in all other areas. I do agree on the questionnaire that most of the time at work I have been adopting the specialist roles strength. Example, in my current position, I am handling GL (general ledger) function. Due to job responsibility, I often have to provide knowledge and assistance to other colleagues especially colleagues whom handle Accounts Receivable and Payables on any un-cleared issues or problems. I do not agree that I have adopted specialist roles weakness as in not much of showing disinterest in other areas. Example, usually at work I am very concern about other areas as I often have to attend other departments queries. I agreed that another role which I have also adopted successfully is the Completer/Finisher role. Example, as my position covered month closing and reporting. I often have to do detail checking on entries for errors and omissions before presenting the data to my superior. Also I tend to worry too much when my colleagues do not finish their areas of work on time. Reflection In the Belbin lesson, I understand that a team role is a pattern of behaviour. Different team role have different characteristics and all team roles have both strengths and weaknesses. A person could be having a few team roles at a same time. Through the Belbin questionnaire, I manage to identify a few team roles which I will normally adopt at work. Beside the contributions side of the specialist and completer/finisher, I realise that sometimes I tend to adopt the Shaper role. This role is full energy and action, challenging others to move forwards. This role can be insensitive. Example, at work I often have to push other colleagues and make sure they meet the closing deadline on time, by doing so, I tend to show the shapers weakness which is being insensitive. I sometimes tend to comment blunt remarks show poor attitude to the others when jobs were not done in time or properly. Appendix 2 Job Motivation Presentation content Reasons why I have decided to have accounting as my career choice are because of my interest and influences from my family member. Since I was young, I always like figures and counting, solving problem sums in school. It is also due to my sisters influences, that why I chose to further my study in accounting and hoping to be an accountant. My sister is the first one who enlightened me. She convinced me to convert my interest into my career since my interest is on figures, and I am always being good at mathematics. A few values which are important to me, one of which is money. I personally feel that money comes in hand in hand with hard work so with the hard work I have put in; I will want a justifiable amount of salary. Next value is happiness at work and good relationship with colleagues. I feel that in order to achieve happiness at work, we must maintain good relationships with colleagues. By having that, it will help to motivate us to go to work. Finally is appreciation from superior and career advancement. I feel the needs to have good opportunity to learn and do more things, follow-by promotion. I also need appreciation from superior by recognizing my hard work. Co-workers are the ones whom will influence me at work. Relationship with them often will affect my mood of working. With close and good relationship with my colleagues, I feel happy and more motivated to go to work. As I am a very emotional person. I will feel affected if a close colleague left the company. I know because, in my current job, my mood was greatly affected when my accountant and a close colleague left the company. It is a sense of loss especially toward my accountant as she had given me very good appreciation and opportunity. When she left the company, I feel I have not only lost a good colleague/superior, I also lost my value. Market requirement will affect my career choice. I always feel that accounting roles are always valuable in the market as all companies have accounts department and therefore accounting staffs will never be jobless. Reflection After working for quite a number of years, I realise my interest on my career had faded. My interest on figures is no longer existed. I value my values especially money at work more than interest. I see the important of these values, when my values are being achieve, I tend to be more motivated to move on but when values are not being achieved, it will influence me by affecting my motivation and emotion. Appendix 3 MBTI Presentation content The personality test located from the website http://www.humanmetrics.com/cgi-win/JTypes1.htm shows that my MBTI type is ISTJ, the duty fulfiller. ISTJ primary mode of living is focused internally, where we take things in via five senses in a literal, concrete fashion. Our secondary mode is external where we deal with things logically. Accountants and financial officers are the one of the possible career paths for ISTJ. One of the ISTJs strength is we are people whom honor our commitment. We are loyal and faithful. We are people who can be depended on to do the right things for our families. Another strength which is, we are stable, practical and down-to-earth. We tend to believe in laws and traditions. We often tend to believe that things should be done accordingly to procedures and plans. ISTJs have strongly-felt internal sense of duty which lends them a serious air and motivation to follow through on task. Because of this strong sense of duty, ISTJs may have difficult time saying no when we are given more work. Another weakness which we have is we will resist putting energy into things which dont make sense to us. I agreed the strength about believing that things should be done accordingly to procedures and plan. I usually like to do proper planning before proceeding. Example, I have habit of listing down the works I have to do for month end closing. I will note it as done once complete. Sometimes because of too many pieces of work coming in at the same time, I tend to state the items down and do it based on priority. I dont quite agree to the point that ISTJ tend to resist of putting energy on things which dont make sense, because perhaps I believe that sometimes at work, things might not be within our control so I often just continue to put in energy even if the things dont make any sense to me. Feedback from my group members One of my team-mate comments that I have performed well in the group presentation. While another feel that Im in the right career path as I fit truly well in ISTJ personality. Reflections Based on the personality test, I feel that I have chosen the right career choice. In term of personality at work, it reflected the very true side of me. It best described what kind of person I am at work or home. It highlighted to me what are the strengths and weaknesses I have. ISJT has such a strong sense of duty that we may have a difficult time saying no when we are given more work than what we can reasonably handle. Looking at this point, I realise that this had happened quite often in my working life. I never say no to my superior when I was given too much work to do. I feel that there is a need for me to reduce my strong sense of duty image to the others especially to those who had been taking advantage of me. Appendix 4 Careers Presentation content The job which I have chosen is accountant position. Employers for public sector include local authorities, schools and etc, while employers for private sector range from large multinational organizations to small local businesses. Accountants in both public sectors and private help to prepare examine and analyze financial statements and other financial reports. They check for accuracy in these records and this allows them to provide a clear picture of the companys financial activities. They report to the management regards to all the finances issues. They develop, maintain and analyze budgets. They also check and pay creditors invoices, collect debts and charge customers for goods and services. Although the duties for accountants in both sectors are similar, a public sector accountants main concern is not raising profit but to make best use of public money. They aim to balance the cost of public services against income. They may carry out internal audits if required. Another difference is as all limited companies must be externally audited therefore accountants for private sector are not allow do audit check. The entry requirement for accountant is at least a bachelors degree in accounting or a related field. In term of skills and abilities requirement, both sectors need the accountant to have a good level of numeric. They should be able to use spreadsheets and specialized finance-related software to analyze and interpret figures and explain them to laymen. Both will need good communication skills, in both spoken and written. They should process good problem-solving skills, and have the ability to work well under pressure. Reflections Looking at the market requirement, I feel that my market value had dropped a bit although I do have the relevant experiences. The reason is because entry requirement had changed compare to the past. In the current situation, a degree qualification is a must. Appendix 5 Job Adverts Presentation content My job ideals is to find a job which is of accountant level and its responsibilities should be similar to what I am currently handling, but it should have some extra work which I am able to gain some experience from it. I have chosen 3 jobs which are all accountant level position. They are accountant, finance for AIC (Agency for Integrated Care), accountant for NTUC (National Trades Union Congress) and accountant for Amanresorts International Pte Ltd. And the one which I have finally decided on is the accountant role for AIC. This roles responsibilities match with my current responsibilities. In this role, they are looking for someone whom will ensure timely month end activities as well as submission of financial and management reports. This role also needs to manage cash and banking matters, liaise with audit firms on audit matter and support budgeting and forecasting exercise. In term of skills and abilities, they are looking for someone whom has minimum 2 years experience in full set of account and knowledge of SAP accounting system. I had exposure on full set and SAP in my previous company, and I was there for more than 2 years. I feel that this job is suitable for me the role responsibilities are scopes which I had handle before and I am comfortable with. In term of accounting system, they are using SAP which I rather preferred. AIC is a private limited company under healthcare industry. It was set up by Ministry of Health but was now under National Healthcare group. In term of benefit, I feel that it should be well too. Reflections I feel that in term of experiences, I do have the opportunity to fit into accountant level position once I obtain my degree. Appendix 6 Draft CV How did I choose the format, layout and content of my CV, and what are the specific problems I have had in designing a targeted CV, The CV format which I have been using is the combination CV. I obtained this format from the website many years ago. The layout for combination CV shows both skills and abilities and employment history. The total pages for current CV I had with me now makes up of 5 pages. In term of contents, I state a bit on my skills on accounting software and Microsoft office, and very detailed employment histories. For the employment history wise, information on the work I had been doing was stated in point form with no strong words to attract interviewers attraction. The whole CV also reflected repeated job-scope as I am doing almost the same job-scope for my initial employment. Overall to comment is I find my CV a bit lengthy. The problem I faced in designing a targeted CV is I am not sure of how to make use of strong wording. Also sometimes I find it hard to describe the effort that we have put on a task on paper so that readers can understand. Assignment 2 Application Pack Introduction Job Title I have chosen to apply for the position of Accountant, Finance for Agency for Integrated Care (AIC). 1.2 Requirement of the Job The responsibilities include handle full set of accounts and ensure month end closing activities. This role needs to handle grant administration, manage cash and banking matters. She/He needs to liaise with audit firms and tax consultants on audit and tax matters. She/He needs to support budgeting and forecasting exercise. The entry requirement is a recognised degree in Accountancy or equivalent with minimum 2 years experience in full set of accounts. It will be an added advantage if she/he has knowledge of SAP accounting system. Job Advertisement This is the job advertisement for the position of Accountant, Finance which I am applying for: Advertised:23-7-10 | Closing Date:22-8-10 Accountant, Finance (Singapore) Responsibilities: You will report to Manager, Finance. Handle full set of accounts (GL, AP, AR and Fixed Assets) and ensure timely and accurate month-end closing activities as well as submission of financial, management and statutory reports, implementation and compliance with Internal Controls Handle grant administration, including prompt claims submission, disbursement and tracking Manage cash and banking matters Liaise with audit firms and tax consultants on audit and taxation matters, including preparation of audit and tax schedules Support budgeting and forecasting exercises Requirements: Recognised degree in Accountancy or equivalent with minimum 2 years experience in full set of accounts Knowledge of SAP accounting system will be an added advantage A team player who is meticulous and able to work independently Good communication and interpersonal skills Please do not use the buttons below to apply for the above position. Kindly forward your detailed resume in MS Word format only, stating full details of qualifications, experience, current and expected salary, to . Top of Form Bottom of Form   Ã‚  Company Information   Ã‚  Email to Friends   Ã‚  View Similar Jobs   Ã‚  Location Map   Ã‚  Save This Job   Ã‚  View Salary Report   Ã‚  All Jobs From Company   Ã‚  Report Advertisement Agency for Integrated Care 5 Maxwell Road #10-00 Tower Block MND Complex Singapore 069110 Website: http://www.aic.sg/ Reasons for choice of job Through searching for job advertisements from internet, I have set my focus on job advertisements for Accountant role. Among the advertisement that I have reviewed, I shortlisted 3 which are listed below: Company Agency for Integrated Care (AIC) Job Title Accountant, Finance (b) Company Amanresorts International Pte Ltd Job Title Accountant (c) Company National Trades Union Congress (NTUC) Job Title Accountant These 3 were shortlisted because the job responsibilities are similar to the current job responsibilities which I am currently handling which is involve in month end closing activities and year end budgeting and forecasting exercise. I feel comfortable to advance my career in this scope of duties. Of the above 3, I have selected (a) as the one that I will focus on in Assignment 3. The reason for choosing this job is because the responsibilities for this position in AIC is not only something which I am familiar with but it also has some other responsibility which I will like to learn from. This is preparation of statutory reports. I will like to take this opportunity to pick up this skill. This company is using SAP system, which is a well known accounting system. I feel more comfortable using SAP system compare to other software like Accpac (as per stated by Amanresorts International Pte Ltd). Skills Attributes My suitability for the job Skills My current accounting role with Volkswagen Group Singapore Pte Ltd includes handling month end closing activities. My duty also includes preparing month end financial reports. In my previous exposure in Hercules Chemical Solution, I handle full set of accounts for both Singapore and India accounts. In both company, I used SAP system. Personality Based on the MBTI, I realise that my personality type is ISTJ, which the possible career is being accountant or financial officer. I am someone whom has excellent ability to take on any task given by my superior. I will follow through the task till completion by organizing and planning. I am hard worker, who do now allow obstacles to get in my way of performing my duties. Motivation I am currently motivated mainly by values. Value like money is very important to me now. I hope to find a company which not only pay well but also give good staff benefit. Value like appreciation from superior and career advancement is also important to me. I hope to see myself being recognised through my hard work. Weaknesses What may hinder me in applying for this job My limitation for this job opportunity will be I do not have the experience in preparing statutory reports, which I am not sure if the company is willing to train me on this area. I also do not have the experience in working in healthcare industry. Cover Letter Name Tay Siew Ling Address Blk 684B Choa Chu Kang Crescent #11-330 Singapore 682684 Contact 92975400 (Mobile) Email [emailprotected] 09 August 2010 Agency for Integrated Care 5 Maxwell Road #10-00 Tower Block MND Complex Singapore 069110 Dear RE: Application for the position of Accountant, Finance Refer to your job advertisement on the  www.jobstreet.com.sg on 23 July 2010; I will like to express my interest to apply the position of Accountant, Finance. I am a CAT holder and currently pursuing the Bachelor of Arts in Accounting with University of Bedfordshire. In my current employment with Volkswagen Group Singapore, my responsibilities include handling month end closing and preparation of financial reports. I am also involved in year end budgeting and forecasting. In my previous employment with Hercules Chemical Solution, I am responsible in handling full set of account for both Singapore and India account independently in Singapore with reporting head in Shanghai. Additionally, I have hands-on experiences on SAP system, financial module for more than four years. With these exposures, I am confident that I will be able to perform well in AIC I greatly appreciate you taking the time to review my credentials and experience. I hope that youll find my experiences  intriguing enough to warrant a face-to-face meeting, as I am confident that I could provide value to you and your  company as a member of your team. Please feel free to contact me if you have any query. Hope to receive a favourable reply from you. . Yours sincerely, Language Proficiency Spoken Language: English and Mandarin Written Language: English and Chinese Skill Proficiency Well versed in Microsoft Office Software: Words and Excel. Proficient with accounting software: SAP system, Accpac Dos Version, Solomon and Incadea. Proficient with internet online banking: Citi-Direct, Bank of America online banking, Deustche online banking and DBS DEALS Education Qualification University of Bedfordshire Bachelor of Arts (Honours) Accounting (July 2010 to Jan 2012) The Association of Chartered Certified Accountants Certified Accounting Technician (CAT) (1998 to 2003) Fairfield Methodist Secondary School Singapore-Cambridge General Certificate of Education-Ordinary Level (O-level) (1996 to 1997) Singapore-Cambridge General Certificate of Education-Normal Level (N-level) (1993 to 1996) Queenstown Primary School Primary school leaving examination certificate-PSLE Employment History Details Volkswagen Group Singapore Pte Ltd Account Executive (14 May 2008 to Current) Handle the full spectrum of General Ledger and Fixed Asset Ensure proper documentation for all fixed assets and depreciation amount was taken up correctly Month end journal preparation and posting. Ensure timely and accurate closing of monthly account Prepare and review monthly profit and loss statement and balance sheet. Analysis monthly expenses and common cost allocation for respective department. Prepare inter-company reconciliation and ensure AP Executive to follow-up on any invoices not received Prepare reconciliation on Receivable and Payable sub-ledger against General Ledger Prepare weekly cash position report Prepare monthly bank reconciliation Prepare monthly audit and closing schedules Responsible for Fixed Deposit placement and coordinate with AP Executive on any fund transfer and huge payments Quarterly GST preparation and submission Involve in bi-weekly COE bidding process Involve in year-end stock take for vehicle and parts inventories Assist in year-end budget and forecast Liaising with external auditors during yearly audit Assist the Finance Manager in all ad-hoc duties as assigned Achievement Back-dated perform bank reconciliation for January to May 2008 Manage to perform reconciliation between Incadea and SAP system, also reconciliation between AP/AR control account against sub-ledger Involvement in change of chart of account and roll-back project on the accounting system Energy Market Company Pte Ltd Account Executive (June 2006 to April 2008) Handle the full spectrum of Accounts Receivable, Accounts Payable and Fixed Asset for EMCs operating account Handle partial spectrum of General Ledger Ensure proper documentation for all fixed assets and depreciation amount was taken up correctly Ensure timely and accurate closing of monthly operating account Ensure timely billings on Industrial Training program fee and seminars Ensure timely posting of all collections received Ensure all supplier invoices matches with purchase orders issued Ensure proper coding of GL code and posting of supplier invoices and staff reimbursement Ensure timely cheque and telegraphic transfer payments to suppliers and staff reimbursement Prepare cash position report Prepare monthly bank reconciliation Quarterly GST preparation Submission on Statistic survey for energy industry Involve in year-end fixed asset checking Liaising with internal and external auditors during quarterly and yearly audit Assist the Finance VP and Accountant in all ad-hoc duties as assigned Achievement Involvement in change of chart of account and update of accounting system Successfully roll-out the E-Fixed Asset module Attended the Microsoft Excel Expert course sponsored by company and was award a Microsoft Office Specialist at the Expert level from Microsoft Hercules Chemical Solutions Pte Ltd Account Executive (June 2004 to June 2006) Handle the full set of account for Singapore and India accounts (up to Balance Sheet and Profit and Loss) Ensure timely and accurate closing of monthly account for Singapore and India Ensure timely billings on services fees and royalty income to inter-company Ensure timely posting of all collections received Ensure all supplier invoices matches with purchase orders issued Ensure proper coding of GL code and posting of supplier invoices and staff reimbursement Ensure timely cheque and telegraphic transfer payments to suppliers and staff reimbursement Prepare and review monthly profit and loss statement and balance sheet including expenses analysis Month end journal preparation and posting. Prepare monthly audit and closing schedules Prepare monthly bank reconciliation Monthly Australia VAT preparation and submission. Quarterly Singapore GST preparation and submission. Quarterly preparation of reconciliation reports for SOX control requirement Liaising with external auditors during quarterly and yearly audit Liaising with tax agent from India on india tax issue Assist the Financial Accountant in all ad-hoc duties as assigned Achievement Involve in moving the manual set of account for India into SAP Involve in change of bank from Citibank to Bank of America SNP Corporation Ltd Accounts Assistant (June 2003 to June 2004) Handle the full spectrum of Accounts Receivable and credit control Ensure timely billings on non-stock related items example rental and advertisement Responsible for proper sort and filing of high volume of tax invoices and credit notes on stock related item Ensure timely posting of all collections received Responsible for customer code creation Prepare month end reports, example sales records and aging reports. Assist the Senior Accountant in all ad-hoc duties as assigned Tee Hai Chem Pte Ltd Accounts Assistant (January to May 2003) Handle the full spectrum of Accounts Receivable Responsib

The Art Of Theater :: essays research papers

The Art of Theater Neither a book nor a work, but an energy   Ã‚  Ã‚  Ã‚  Ã‚  Theater is the most remarkable art of life. It is a collaborate art combining different people into one solid group in which they work together harmoniously in order to portray a certain idea, concept, or piece of art. Theater deals with various forms of emotions and is most commonly expected to leave a trace or stimulate sentiments on the audience. The mind plays a big role in theater, for the art lies within our imagination. Our mind stimulates many different types of strong emotions such as power, anger, joy, and more. These intangible feelings created by our mind, are the reason why theater the most noteworthy art of life.   Ã‚  Ã‚  Ã‚  Ã‚  Theater â€Å" is neither a book nor a work, but an energy â€Å". Theater is considered to be an energy because it is a calculated act from beginning to end. A piece of theater only lasts for a specific period of time. It has a beginning, middle, and an end. Furthermore, every theatrical piece has a predestined conclusion. Implying that the audience is most often aware of what will happen at the end of the play, yet the art of it is to keep them focused and interested until the very end. Furthermore, unlike other modes of communication, in theater one cannot go back and see a certain scene. A theatrical act takes place in the present, has an ending, and becomes part of our past. Theater is a challenge to our mind, for it makes us think and allows us to use our imagination. During a theatrical act, we are projected into a world of fantasy and imagination, a world that only lasts for a certain period of time. A period of time in which one feels pain, joy, hatred, or love. This is reinforced by the direct contact between the actors and the audience stimulating more personal emotion between different individuals. In my opinion, the art of theater is one of the most empowering factors in ones life.

The Attempts to Present English Art :: English Art Artists England History Essays

The Attempts to Present English Art â€Å"Britain had one century of painting.† Elie Faure’s statement summarizes best what critics, art researchers and collectors haven’t had the space, the heart or the inspiration to say in their restless attempts to present English Art. WHY? To answer this question we must take into account more than history and documents, we must evaluate the essence, the soul of the creator, of the English man. Andrew Crawley describes in his book (â€Å"England†), the English people as being profoundly conservative.The English men feel, instinctively, that the present is not only the creation of the contemporaries, but also the result of the work of many past generations. For them, everything is related to the past, which, thus, becomes the origin of the present. The English man’s being conservative is only a habit, derived from his deep understanding of reality. His practical sense, which has been widely acknowledged, must be attributed to this perception he has on reality. This leads to his native ability of adapting and assimilating the â€Å"new†. The English man is closely related to history and he permanently gains practical advice from it. This kind of peaceful bonding between a people and its history, during these stormy centuries of fight and rebellion (the XVIIIth and the XIXth centuries), which singles out the British people from the other European nations, creates an equilibrium which is incompatible with such artistic manifestations as painting. The practical Puritan spirit refuse painting and, when it finally emerges this mentality makes it lose her way. The English soul subordinates the highest aspirations to material necessities. It extends over the Universe the power of reason; Bacon gives an immediate and practical purpose to knowledge; the merchants organize their own materialistic Republic; â€Å"the Round Heads impose on the Republic their own strict rules. In this world there is no place for painting; the imaginary world of Shakespeare is enough to satisfy and relax its entire soul.

Investigate how the Concentration of a Sucrose Solution affects the Rat

Investigate how the Concentration of a Sucrose Solution affects the Rate of Osmosis Introduction: Diffusion is the movement of particles from a high concentration to a low concentration until they are spread out evenly. An example of diffusion is when an aerosol is sprayed. The particles spread out from the high concentration at the nozzle into the rest of the room and that is how the smell moves. Osmosis is the passage of water molecules from a weaker solution to a stronger solution through a partially permeable membrane. Osmosis is a type of diffusion involving water - the water molecules move from a weak solution (with a high concentration of water) into a strong solution (with a low concentration of water). The cell membrane in a plant cell is partially permeable - it has small holes that can let in small molecules but not large ones. This allows water through and therefore allows osmosis. When the cell has all the water it can take inside of it the osmosis process stops. The water pushes up against the cell wall which is strong enough to stop it bursting. The cell is turgid and the plant needs turgid cells to give it rigidity and allow it to stand upright. If the cell has not enough water in it, it is flaccid and doesn't support the plant which goes limp. In order to prepare for my experiment I did a preliminary experiment to get an idea of how I would do my real experiment and what apparatus and solutions I would need. I weighed 11 potato chips and put them into separate boiling tubes. I filled each boiling tube with a different concentration of a sucrose solution from 0 molars (water) through to 1.0 molar with 0.1M intervals in between. After 30 minutes I removed the potato chips and measured their mass. I found that the chips in the concentrations of 0M to 0.2M had increased in mass and the rest had decreased in mass. For my experiment I have chosen to use five concentrations of sucrose solution - 0.0M, 0.1M, 0.2M, 0.3M and 0.4M. I have chosen these concentrations for two reasons. Firstly they cover the point at which the increase in mass changes to a decrease and therefore I can hopefully find the equilibrium where the mass stays the same, and secondly they are all at equal intervals so it will be easy and accurate to draw a graph for my results. Prediction: I predict that out of the five potato chips used in the experiment at least two will... ...tato chip in the solution for different time periods. I could then compare the gradients of the lines of best fit for the 5 different times, and also draw graphs for each molarity across the 5 time periods. I could also do an experiment using the same concentrations as I did in this experiment, but measuring the mass of the potato chips after every 3 or 4 hours until the mass stays the same, and see how long potato chips in different solutions took to reach a final mass and to see how large it's mass would get. Finally I would like to do the same experiment as I did here, but try it out on different types of plants and compare the rates of osmosis of the different plants. This would give an idea of which plants were more efficient at taking up water and I could see what types of plants had the fastest rate of osmosis, and whether there was a link between the rate of osmosis in a plant and the habitat it exists in. For example I might find that plants that live in hot, dry conditions have a faster rate of osmosis than plants which live in cold, wet environments. These experiments would help give a better idea of how the rate of osmosis is affected by the concentration of a solution.

How to Plan a Surprise Party Essay

Planning a surprise party is never easy, but it is often the most rewarding. When planning, keep in mind how many people to invite, the location, and a theme. Whether it is a large or small party, taking a few minutes to create a plan ensures the party will be a success. Deciding the location is the most important aspect because it affects all others: the guest list, the budget, the menu, and to an extent, the theme. It needs to be large enough to accommodate everyone invited, have a large enough food preparation area, and ample space for the decorations. It is important to find a place that will not cause the person to become suspicious. It is necessary to know the person well in order to pick a theme they will appreciate. When choosing a theme, it is also necessary to think about how easy or difficult it will be to incorporate throughout all aspects of the party. The internet is a great place to find creative themes for any type of party; and with party supply stores, it is much easier to find decorations to go along with most themes. A well chosen theme helps tie everything together. Once the location is chosen and the theme is planned, it is time to plan the menu and begin buying the supplies. When planning the menu, keep in mind the time of he party. It will help to determine whether to serve light hors d’oeuvres or a full meal. The menu also needs items for guests with special diets, such as vegetarians. Items should be easy to cook ahead of time and be stored easily. Limiting the menu to food items that are simple to refill and maintain is a good idea. Although planning a surprise party is often the most difficult, it is always worth it. Preparation is the key to any successful party, but the extra work put into keeping the party a secret pays off in the end. The look on their face and the appreciation they show is the ultimate reward.

African People in the Global Village Essay

Certain things happen in one’s life, whether one likes them or not. You can not stand apart from it; you need to experience the process of going through it. Let me give the example of a car. It has two types of movements-forward movement and lateral movement. The energy (petrol, gas etc. ) relates to forward movement, without which the car can not start. You have no control over it. As for the lateral movement, you as the individual driving the car, have the control over its speed-you can drive it through the royal road, narrow lane, drive at 120 kms. per hour or just 30 kms- or not drive at all. Just lock it in the garage for days together! You are living in a changing world- very fast changing world. The modified lifestyles, due to industrial revolution, the modern materialistic civilization, the internet revolution, are mind-boggling. You need to run your race, accelerate the steps, clear the hurdles and move towards the goal. Stop in between at your own peril! Survival under tough conditions and competition are not magic. Nor an element of chance is involved. The wise saying goes, â€Å"When the going gets tough, the tough gets going. † Survival will be extremely difficult for the African people in the global village, unless tangible steps, all-comprehensive projects are drawn up and implemented with speed and imagination, by responsible leaders and people. The test of the leadership lies in involving the people actively and willingly in such projects. African people in the Global village- the summary: Africa is a big continent. The vastness of the area, multiplicity of ethnic conflicts, the fierce tribal loyalty prevailing even today, the religious factors, the difficult past, the historical factors some of which do exercise telling effect on the African society and mind-set even today, render the solution difficult. John K. Marah, who is the Associate Professor and Coordinator in the African and African-American Studies Department at SUNY at Brockport, makes a concerned and well-studied approach to offer solution in the book African People in the Global Village and the possible direction which they need to follow. Moreover, due to historical reasons, African people (the black race) are spread all over the Western World. They are a noticeable political force, an awakened society in Countries like USA. Marah categorically opines that it is no use brooding over the past, its failures and bitter memories. He does the examination of the present situation from an open-minded perspective. Confrontation at every stage is not going to help the cause of the African people. They have to know their place and find out the ways and means to evolve within the global village. He calls it ‘multidisciplinary approach and well-rounded understanding’. Right from the beginning of the book, Marah is aware that he is up to a difficult task, and the subject matter of the book, â€Å"African People in the Global Village,† can not be discussed in isolation. Yet, he takes the direct plunge into the serious subject matter. The book has neither a preface nor a forward. For a highly sensitive and complicated subject like this, author’s detailed background would have been a helpful factor, but that is not given in the book. The biographical sketch is not provided. Nevertheless, it is a determined and well-informed effort to broach the subject matter which is so vast viewed from tough, social, political, historical, economic and cultural perspectives. The problems are ever growing like the octopus expanding in many directions and only a radical solution like Pan-Africanism is the solution according to Marah. But, to define Pan-Africanism is not the easiest of the tasks. He concludes that African people have no other choice but to move forward at a rapid pace, with the qualities of head and heart-be dynamic without destruction! Marah begins his book on a tough note. â€Å"African Sensibilities in the Global Village. † He fails to give a clear message in this chapter– one can not expect him to do so. The subject matte is so vast, complicated and the concern of Marah to offer a desperate solution to a desperate situation can be seen. He realizes his limitations-the subject matter he is up to tackle can not be discussed in isolation—by referring to the conditions of the African people alone! Their so-called more fortunate brothers in America also have their own problems and deep fears on many vital and fundamental issues! It would be prudent to link the problems of the black people of America with the black people of Africa, as Marah rightly argues. At the end of the chapter he specifies, `in this book we examine the position of African people in Africa and the United States with particular emphasis on some of their salient predicaments in the global system†¦. ‘( Marah, 1998 p. 16). Having said this, Marah realizes about the uphill task ahead for him, for he fails to give appropriate solutions or alternatives. The discussions in the book naturally and essentially take him to outside Regions, where black race matters. In chapter 4, he discusses this aspect in detail. The black people issue is like the issue of a flowing river. It can not be discussed in parts. The river as a whole will have to be discussed to understand it. Its beginning, its course of flow and the area through which it passes, etc! Marah has a message for the black people and the leadership. Some inspiring political and economic leadership has to take over and lead, to achieve the set goal. He makes a case for the entry of socio-spiritual leadership to play its role, because what the Global Village Africa needs is not only fine projects but fine individuals to implement the projects-that is what he means when he says about the ability of the people to survive in a new environment. New skills are required to push ahead in such circumstances. The thought process of the people requires a new orientation and change. When the thoughts are changed, the mind is changed; when he mind is changed, the man is changed; when the man is changed, the society is changed; when the society is changed, the nation is changed; when several such nations are changed, the African continent will change for the better! Then only the African people in the Global Village will achieve plenty and prosperity. For survival, wherever may be it, certain basic skills are necessary, and African People in the Global Village, are no exception. Education gets top priority—the ability to read with understanding. Speak boldly so hat others can understand and appreciate your problems. It is not that you expect sympathy from others; but in a democratic society, when your fundamental rights are guaranteed by the Constitution, you need not be condemned by anyone either-you need not live your life like a baked potato always. The majority of the ills of African People are due to poor response to globalization. This lethargy is frightening and it will continue to bother and trouble them in every aspect of life, unless something tangible is done as quickly as possible. African people will head for an economic and social disaster and moral doom, if they do no wake up and react speedily.

Hate Crimes Essay

A hate crime is an act of violence, a threat, harassment, or property damage motivated by bigotry and prejudice against the actual or perceived race, color, religion, national origin, gender, disability, or sexual orientation of another group or individual. These acts are not only against the victim(s), but also the particular group as a whole. Hate crimes are very common and often times it is hard to tell whether or not the crime is motivated by hate. I chose this topic because I was watching a TV show call Criminal that told true stories of hate crimes. The one that got me interested was â€Å"Punks vs. Preps,† there had been an ongoing feud between the two groups, which ended in a teen losing his life. This episode showed one of the many cases of hate crimes that have plagued our nation. Watching it caused me to grow curious about how often these terrible events happened, as well as, what is being done to prevent future breakouts of hate crimes. Many people assume that hate crime offenders are hate-filled Nazi’s or â€Å"skinheads†. But research by a clinical psychologist at the University of California shows that out of 1,459 cases in the span of a year less than 5 percent were members of a hate group (http://www.hatecrime.org). Most hate crimes are carried out by, seemingly, law-abiding young people who do not think their actions are wrong. Sometimes drugs and alcohol help initiate these crimes, but the main factor appears to be personal prejudice. Personal prejudice is what blinds a person from seeing the wrong in what they are doing. Most times this prejudice comes from an environment that sees differences as threats. The worst hate crimes are often committed by people with a history of antisocial behavior. One of these examples took place in June of 1998 in Jasper, Texas. Three men, with jail records, offered a ride to a black man with a limp. After beating him to death, they dragged him behind their truck until his body was partially dismembered (http://hatecrime.org). According to the FBI, about thirty percent of all hate crimes in 1996 were crimes against property. They involved robbing, vandalizing, destroying, stealing, and/or arson. Approximately seventy percent involve an attack  against a person. This can range from simple assault (without a weapon) to aggravated assault, rape, and murder. This type of attack has two levels of injury, on a person’s physical self and also on a person’s identity (http://www.stopthehate.org). Educated guesses of the presence of hate crimes in a society are difficult because each state defines and reports these crimes differently. The Hate Crime Statistics Act was enacted in 1990, but federal law enforcement officials did not begin collecting nationwide statistics until the following year. Another obstacle to gaining an accurate count of hate crimes is that many victims are afraid to report the attacks. This comes from the trauma they have experienced and fear of retaliation or future contact with the offender(s). Another reason is that it is difficult to identify a biased motive. Posttraumatic Stress Disorder is often caused by hate crimes. Some symptoms are intense feelings of vulnerability, anger, and depression, learning problems, and difficulty with relationships (both physical and emotional). Studies have shown that some victims have taken as long as five years to overcome the feelings. They may heal more quickly if support is available soon after the incident (Punks vs. Preps). Hate crimes not only affect the victim himself, but they also affect the particular group the victim is from or thought to be from. When the result of the attack is serious injury or the loss of a life then it also affects the family and friends of the victim. Racial Hatred is by far the most common type of hate crime with African Americans as the group at greatest risk. In 1996, sixty percent (4,831 of 7,947) of hate crimes were committed because of race; two-thirds of these crimes were targeting African Americans (http://www.fbi.gov/ucr/ucr). The type of crimes committed against this group has not changed since the nineteenth century; they still include murder, cross burnings, vandalizing churches, and bombings. As for the other racially motivated crimes, about twenty-five percent were against white people, seven percent against Asian Pacific Americans, less than five percent against multiracial groups, and one percent against Native Americans and Alaskan Natives. Ethnic minorities in the United States are often targeted because they are  thought to be new to the country even if their families have been here for generations. Other times they are targeted just because they are seen as different from the majority population.

HR PRACTICE ON GRAMEEN BANK Essay

In any comprehensive work, like this, credit must go to the multitude of people. I am still students and just novice. Hence, I have taken help from different people for preparing my report. Now here is a petite effort to show my deep graduate to those helpful people. First, I commit my selves grateful to Allah for his unlimited kindness and maximum helpful hand in continuing my report preparation. I express my sincere gratitude to honorable supervisor, Ms. Monsura Zaman, †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Faculty of Business Administration, ASA University Bangladesh, for their guidance and valuable remark about the convention of the report. I have come to believe, deeply and firmly, that we can create a poverty free world if we want to. I came to this conclusion not as a product of a pious dream, but as a concrete result  of experience gained in the work of the Grameen Bank. It is not micro credit alone which will end poverty. Credit is one door through which people can escape from poverty. Many more doors and windows can be created to facilitate an easy exit. It involves conceptualizing about people differently; it involves designing a new institutional frame work consistent with this new conceptualization. Grameen bank has taught me two things first our knowledge base about people and their interactions is still very inadequate: second each individual person is very important. Each person has tremendous potential. She or he alone can influence the lives of others within the communities, nations, within and beyond her or his own time. Background of the Study Successful human resource management makes it possible for the organization to acquire the number and types of people necessary to ensure the continued operation of the organization by the†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. So it acts an important role in HR department. As a part of BBA program, my honorable supervisor, Ms. Monsura Zaman, †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.., assigned me to prepare a report on related topic on Human Resource Management course. I have selected our report topic as â€Å"HRM practice in microcredit Sector of Bangladesh (Grameen Bank).†. Executive Summary The importance of human resources management (HRM) practices to the success or failure of organizational development system performance has, until recently, been generally overlooked. In recent years it has been increasingly recognized that getting HR policy and management. In this paper, I take my theoretical point of departure in recent work in organizational economics on systems of human resource management (HRM) practices. Though this program good balance between theory and practice is gained. Furthermore this is Thesis assignment is a vital requirement for obtaining Masters of Business Administration (MBA) program. I worked Grameen Bank’, how they practice HRM on their microcredit sector. Microcredit is the extension of very small loans (microloans) to impoverished borrowers who  typically lack collateral, steady employment and a verifiable credit history. It is designed not only to support entrepreneurship and alleviate poverty, but also in many cases to empower women and uplift entire communities by extension. In many communities, women lack the highly stable employment histories that traditional lenders tend to require. Many are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million men and women held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 per cent. Report Overview Introduction Background of HRM: Human Resource Management is defined as the people who staff and manage organization. It comprises of the functions and principles that are applied to retaining, training, developing, and compensating the employees in organization. It is also applicable to business organizations, such as acting, news presenters and Models etc. Human Resource Management is defined as the set of activities, programs, and functions that are designed to maximize both organizational as well as employee effectiveness. Scope of HRM without a doubt is vast. All the activities of employee, from the time of his entry into an organization until he leaves, come under the horizon of HRM. The divisions included in HRM are Recruitment, Payroll, Performance Management, Training and Development, Retention, Employee Relation, etc. A human resources management (HRM) professional is responsible for successfully acquiring, developing, motivating, and retaining employees. That is, they are on the â€Å"people† side of business operations, and because people do the work of organizations, a company’s success rests heavily on the quality of its HRM. An HRM professional is a full business partner who adds value to business decisions and aligns HR practices with those decisions. The work calls on you to know about compensation and benefits, labor relations laws, how to forecast working needs, organizational learning, and organizational change. Students’ specialty courses include â€Å"Competitive HRM Practices,† â€Å"Negotiations,† and â€Å"Cultural Aspects of  International Business.† They also select an honors seminar in â€Å"Management of Innovation.† In the classroom and on co-op, students gain the acting base of knowledge and the business expertise that’ s needed as an HRM professional. Human resource management is an effective tool for students interested in helping businesses succeed in a changeable personnel environment. This guide is based on Human Resource Management in a Business Context, and includes links to extra articles, notes, tips and exercises. It introduces you to the essential elements of HRM, its origins and applications. HRM is viewed as an all-embracing term describing a number of distinctive approaches to people management. They help you to understand and evaluate the different and sometimes ambiguous views of human resource management by investigating its origins, explanatory models, technology and practice. Human resource (or personnel) management has in the sense of getting things through people. It’s an essential part of every manager’s responsibilities, but many organizations find it advantageous to establish a specialist division to provide an expert service dedicated to ensuring that the huma n resource function is performed efficiently. â€Å"People are our most valuable asset† is a clichà © which no member of any senior management team would disagree with. Yet, the reality for many organizations is that their people remain under valued under trained under utilized poorly motivated, and consequently perform well below their true capability The rate of change facing organizations has never been greater and organizations must absorb and manage change at a much faster rate than in the past. In order to implement a successful business strategy to face this challenge, organizations, large or small, must ensure that they have the right people capable of delivering the strategy. The market place for talented, skilled people is competitive and expensive. Taking on new staff can be disruptive to existing employees. Also, it takes time to develop ‘cultural awareness’, product/ process/ organization knowledge and experience for new staff members. As organizations vary in size, aims, functions, complexity, construction, the physical nature of their product,  and appeal as employers, so do the contributions of human resource management. But, in most the ultimate aim of the function is to: â€Å"ensure that at all times the business is correctly staffed by the right number of people with the skills relevant to the bu siness needs†, that is, neither overstaffed nor understaffed in total or in respect of any one discipline or work grade. These issues motivate a well thought out human resource management strategy, with the precision and detail of say a marketing strategy. Failure in not having a carefully crafted human resources management strategy, can and probably will lead to failures in the business process itself. Origin of the Report: This report has been prepared as a requirement of the Thesis program based upon the Grameen Bank where my organization supervisor is Golam Morshed Mohammed (Senior Principal Officer, International Program Dept.), and my institution supervisor is Golam Mahbubul Alam,( Assistant Professor, Department of Business Administration, Stamford University). My institute supervisor duly approved the topic decided for doing the report. Since the MBA program is an integrated, practical and theoretical method of learning, the students of this program are required to have practical exposure in any kind of business organization in last term of this course. Scope and Objectives of the Study A clear objective helps in preparation of well decorated report in which other take the right type of decision. So I identify objective are very much important. Our purpose of preparing the report is: To know the human resource management (HRM) practice of Grameen Bank. To identify the various avenues for improving the HRM policies of Grameen Bank To know about the management ability of Grameen Bank. Suggesting strategies to improve the HRM policies of Grameen Bank. This study covers the HRM policies of Grameen Bank along with some recommendations to improve the HRM policies of Grameen Bank. Methodology A sample survey was conducted to collect primary data using two pre-designed survey instruments from concerned groups following an appropriate sample  design. In view of the complexities involved in generating quantitative data for assessing the real impact, qualitative data were also collected. In the context of the unique features of the area an attempt was made to identify the strengths, weaknesses, opportunities and threats of the private HRM sector. Data Collection: This study is mainly based on secondary data available from the various divisions and departments of Grameen Bank, in addition to these other necessary information have been collected from the relevant journals, annual reports of the Grameen bank, website and publications of other relevant institutions have also been taken into consideration. Primary sources of data: Face to face conversation with the Grameen Bank administrative dept. and International depts. Officers & staffs. Conversation with the clients. Different’ manuals of Grameen Bank. Secondary sources of data: Procedure manual published by the Grameen Bank. Files and documents of the branch. Annual report of Grameen Bank. Unpublished data. Different text books. Web sites. Unstructured data: This data was compiled using information from Grameen Bank branch and centre visits, informal discussions with branch managers, field staff and various management level officers conducted during field and head office visits. Limitations of the Study As a student of faculty of Business Administration, this is my first initiative for making a report on â€Å"HRM Practice in Microcredit sector of Bangladesh: A case study on Grameen Bank†. By meeting with officers, I was really unable to collect enough information from due to their official restrictions. While carry out the study I had to face a few limitations, which are mentioned below: The main constraint of the study is inadequate access to information. The employees did not disclose much information for the sake of the confidentiality of the organization. Since the bank and other companies personal were very busy, they could provide me very little time. The clients were too busy to provide me much time for interview. The time frame fixed to prepare the study report was hard to be met. As a result, sufficient concentration could be given on it, which was needed for a much better study. Chapter 2 An Overview on Microcredit in Bangladesh What is Microcredit? Much of the current interest in microcredit stems from the Microcredit Summit (2-4 February 1997), and the activities that went into organizing the event. The definition of microcredit that was adopted there was: Microcredit: programmers extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families. Definitions defer, of course, from country to country. Some of the defining criteria used include- size – loans are micro, or very small in size target users – microenterpreneurs and low-income households utilization – the use of funds – for income generation, and enterprise development, but also for community use (health/education) etc. terms and conditions – most terms and conditions for microcredit loans are flexible and easy to understand, and suited to the local conditions of the community. Three C’s of Credit Character: means how a person has handled past debt obligations: Form credit history and personal background, honesty and reliability of the borrower to pay credit debts are determined. Capacity: means how much debt a borrower can comfortably handle. Income streams are analyzed and any legal obligations looked into, which could interfere in repayment. Capital: means current available assets of the borrower, such as real estate, savings or investment that could be used to repay debt if income should be unavailable. Microcredit in Bangladesh Microcredit programs in Bangladesh is implemented by NGOs, Grameen Bank, state-owned commercial banks, private commercial banks, and specialized programs of some ministries of Bangladesh government. In the microfinance sector total loan outstanding is around TK 248 billion (including Grameen Bank TK 72 billion) and savings TK168 billion. The total clients of this sector is 35 million (including 8.4 million clients from Grameen Bank) that accelerates overall economic development process of the country. Credit services of this sector can be categorized into six broad groups: i) general microcredit for small-scale self employment based activities, ii) microenterprise loans, iii) loans for ultra poor, iv) agricultural loans, v) seasonal loans, and vi) loans for disaster management. Loan amounts up to BDT 50,000 are generally considered as microcredit; loans above this amount are considered as microenterprise loans. LICENSING STATUS OF THE NGO-MFIS IN BANGLADESH The Microcredit Regulatory Authority (MRA), established by the government in August 2006, received applications from 4241 private institutions (NGO-MFIs). But, around 1000 applications of them were found to be very small organizations that had fewer than 1000 borrowers or less than the USD 58,000 in outstanding loans that is generally considered as the minimum initial operating portfolio of a single branched MFI to be sustainable. However, till August 2012 the MRA had approved licenses in favor of 651 NGOs. There are another 210 applications are under process for a final decision although they are mostly small organizations but with some potentiality to become viable in course of time. As of August 2012, 3380 applications have been rejected. Recently MRA has invited new applications for obtaining license to conduct microcredit activities. STATE OF MICROCREDIT IN BANGLADESH In the backdrop of global ‘double-dip’ recession and over-indebtedness crisis in microcredit sector in several countries, Bangladesh’s microfinance sector shows strong resilience and continues to contribute towards enhancement of macroeconomic growth. Bangladesh microfinance sector is mature now and its assets constitute around 3 percent of GDP in 2011. Total outstanding loan of  this sector (only licensed MFIs) has increased by 20.0 percent from BDT 145.0 billion in June 2010 to BDT 173.8 billion in June, 2011 disbursed among 20.7 million poor people, helping them to be self-employed and accelerating overall economic development process of the country. The total savings has also increased by 23.25 percent to BDT 63.3 billion in June 2011 compared to previous year from 26.1 million clients, over 93 percent of them are women. Table 2 shows the market scenario of NGO-MFIs in Bangladesh. The top three MFIs contribute 54 percent of total loan outstanding as well as savings of the microfinance sector in Bangladesh. Two of the largest MFIs, viz., BRAC & ASA, are each serving over five million borrowers. There are a few more developing fast. On the other hand the smallest 428 NGO-MFIs have contributed only 4 percent of total loan outstanding and 5 percent of total savings. Institutional concentration ratio is highly skewed in favor of large MFIs: just 22 institutions are in control of 76 percent of the market share while three largest organizations have control of over 50 percent in terms of both clients and total financial portfolios. Table 3 depicts the scenario of micro enterprise loan, i.e., loans above BDT 50,000, of different NGO-MFIs in Bangladesh. It is observed that micro enterprise loan outstanding is BDT 40 billion which is around 24 percent of total loan outstanding in which the top ten NGO-MFIs contributed around 19 percent. It also shows that BDT 40 billion is disbursed to around 6 lakh borrowers which are only 3 percent of total borrowers. The table expresses that only the top NGO-MFIs are capable to run micro enterprise loan. Selected Indicators of NGO-MFIs in Bangladesh It is observed from table 4 that savings per member has been increasing over the years. In 2006 savings per member was Tk. 1,207 which stands at Tk.2495 in 2011 – an increase to more than double within the last five years. The loan outstanding per borrower also increased over the years and average growth rate of loan outstanding per borrower is around 17 percent in 2011 compared to the previous year. The loan outstanding per borrower has increased by more than 100 percent within the last five years. These two indicators, savings per member (average saving size) and outstanding loan per borrower (average loan size) increased over time perhaps due to the increase in the income level of the poor resulting in an increase in their need for higher amount of loans from the MFIs. The ratio between borrowers to clients (members) remained steady for the last few years, which is within 70 to 80 percent and the savings to outstanding loan ratio has also been stable from 2006 to 2011. Since the total number of branches of MFIs has increased at a much higher rate in 2011 compared to the previous year, the number of members and borrowers per branch has decreased. Substantial rate of increase in the sizes of loans per borrower and savings per member has resulted in a rise in the total loan outstanding and savings in the sector. Consequently outstanding loan and saving per branch has also increased. The loan outstanding amount per branch which was TK 8.42 million in 2010 has increased by 14.4 percent in 2011.