Tuesday, December 31, 2019

Islamic Banking In The United Kingdom Essay Example Pdf - Free Essay Example

Sample details Pages: 6 Words: 1904 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Tags: Banking Essay Did you like this example? This research plan will be a hub of attention to inspect the opportunities of progress and growth as well as the major challenges to Islamic banking in the UK. The UK is the hub of Islamic banking and contains importance in Islamic financial sector due to its fast growing Muslim population. Islamic banking is facing some great challenges in the UK because the financial system is more favourable to conventional banking. Don’t waste time! Our writers will create an original "Islamic Banking In The United Kingdom Essay Example Pdf" essay for you Create order There are greater opportunities in the UK for development and growth of Islamic financial system because Muslim community is eager to take financial products and they are willing to spend their lives according to their religion. There is need to educate the Muslim community toward Islamic financial products; service providers need to improve the information system within the communities and Islamic banking institution is need to work hard for survival and compete with conventional banking system in the sector of regulations and supervisions. The keywords in this research are Islamic banking, Islamic finance, Muslim population, Muslim scholars, Islamic banking growth in the UK and Islamic banking challenges. 2.0 RESEARCH SIGNIFICANCE According to the figures of Office for National Statistics 2001, there was 1.6 million (2.8%) Muslims living in the United Kingdom but according to Home Secretary the Muslim population is increasing with high growth rate. In just seven years there is an increase of 40,000 Muslims in the UK and figures reached on 2 million which consist of 3.3% of total UK population. There was no any facility available to Muslim community before 2000 but the Muslim population want to spend their lives according to their faith. According to Islamic teaching interest is strongly prohibited in Islam and they want to take banking services such as saving accounts, current accounts, home finances, insurance and loan according to Islamic Shariah law. The United Kingdom is non-Muslim country and all its financial rules and regulation in favour of conventional banking. Because the Muslim community is active part of the UK economy, there was need to start a system which is acceptable to these people. Islamic banking is started in the UK in 2003 with authorization of Financial services Authority. From 2003 to 2009 there is enough improvement and development in Islamic banking system. Currently two main high street conventional banks and one wholly Islamic bank are involved in Islamic banking services. But Islamic banking institution is still in the growth and infancy stage and Islamic banking is facing different challenges in this Western society such as socially, economically, fund management and regulations. With increasing popularity of Islamic banking in Western countries especially in the UK there are some difficulties in the way of Islamic Shariah law, Islamic banking system as well as the role of Financial Services Authority and UK Government are the critical issues. It is necessary to find out the opportunities for development and growth of Islamic banking in the UK and major challenges are faced by Islamic banking. 3.0 RESEARCH OBJECTIVES The main objectives of this proposal is to find out the opportunities for development and growth of Islamic banking in UK and challenges which are currently faced by Islamic banking in the world and United Kingdom specially. The main objective of this research proposal is to investigate the basic understanding of Islamic banking in community and in banking sector because without basic understanding it is difficult to develop this financial system, whether there is any opportunity for growth and development in the UK and which kind of challenges is faced by Islamic banking. The objectives of the research proposal are to: Examine that how important to know the fundamentals for Islamic banking for Muslim community and service providers. Investigate that do Muslims really believe and know the difference between Islamic banking and conventional banking and what are the factors which make Islamic banking prior to conventional for Muslim community. How important in Sha r iah law and its practise for Islamic finance and the role of Islamic scholars in promoting Islamic banking services and products. 4.0 LITERATURE REVIEW Literature review illustrates the concept, scope and principles of Islamic banking around the globe in general and specifically in the United Kingdom. Islamic banking is a universal concept in the conventional banking, which is in practice with its many products in most of high street banks in the UK like HSBC, Lloyd TSB and as well Islamic Bank of Britain. 5.0 RESEARCH METHODOLOGY There are two main research paradigms positivistic and phenomenological. It is possible that different authors may use the alternative terms for these main paradigms in different time. The most commonly and alternatively used the terms are quantitative research method for positivistic and qualitative for phenomenological (Collis and Hussey, 2003). The originally the positivistic paradigm was developed in the natural sciences to study natural phenomena and it is confirmatory and deductive in nature. The phenomenological paradigm was developed in the social sciences to facilitate the researchers to research and analyze social and cultural phenomena and this approach is exploratory and inductive in nature (www.socialresearchmethods). The paradigm is very important because it gives you a right path to use the right methodology. According to Collis and Hussy (2003 p.55) Regardless of which paradigm you are employing, it is important that you pay attention to all the features, and ensure that there are no contradictions or deficiencies in your methodology. The paradigm of this research is phenomenological because it tends to produce qualitative data not quantitative. The quantitative research is objective in nature that involves analysis of numerical data by applying statistical tests (Collis and Hussey, 2003). But the qualitative research is much more subjective in nature, concerned with generating theories and can be generalized in understanding of the phenomenon of challenges and opportunities of Islamic banking in UK. 6.0 RESEARCH PURPOSE Islamic banking is a hot topic in western countries especially in the UK. In the UK almost 2 million Muslims community is living and they want to spend their lives according to their religion (www.guardian.co.uk). This community is well contributing to the economy of the UK due to this the UK government gives more importance in the sector of Islamic banking. Nowadays the UK is the hub of Islamic banking and most of the high street banks providing the services of Islamic window. Due to this growing demand, Islamic banking faces some difficulties and challenges in western countries. The purpose of the study is to examine and analyze the growth and opportunities of Islamic banking in the UK. ÂÂ  7.0 RESEARCH METHOD For this research project, I chose to undertake qualitative research method. The qualitative method is a type of research that emphasizes the quality of meaning in consumer perceptions and behaviours; there are different criteria or techniques can be used in qualitative method such as in-depth interviews and focus groups. The most common qualitative research techniques include: In-depth interview Focus group Case study Direct observation ÂÂ  7.1 Reason for choosing In-depth interview: I chose in-depth interview technique for my qualitative research due to its unique advantages over other techniques such as focus group and questionnaires. In the way of in-depth interviews it is easy to speak to an individual and keep his attention on specific topic comparatively it is difficult in focus group interviews. There is a lot of time saving and reducing the hassles to take an appointment from individual. The main advantage of in-depth interview is that the interviews can be easily conducted with key community leaders through that researcher can get a fast overview of a community according to his requirements. 7.2 Sources of data: 7.2.1 Primary data: This research is based on a study of the UK because growing population of Muslims community is playing positive role for the UK economy. Actually most of the Muslims want to spend their lives according to their faith. In this case study it will be examined that what are the problems and opportunities in the UK for Islamic banking. I will use the qualitative method of research in this project. There are different techniques of qualitative method but according to the situation the in-depth interviews is more suitable form for this project. According to Collis and Hussey (2003) in phenomenological approach the interview questions are unstructured or semi- structured in pattern not closed questions like positivistic approach. The plan is that the researcher will prepare semi-structured questions that are helpful to take maximum information from interviewees because in closed questions it is possible that some important information will be ignored. In semi-structured interviews the rese archer has an opportunity to probe various areas and to raise specific queries during the semi-structured interviews. 7.3 Data collection methods: For the collection of primary data I shall use technique of in-depth interview. The plan is to hold the eight in-depth interviews from different sectors of the society. The researcher will hold four interviews from the banks authorities such as HSBC, Lloyd TSB and Islamic Bank of Britain that will give the clear facts and figures about the growth, opportunities and problems related to Islamic banking with reference to shariah compliance and Governmental authorities. Two with such Muslims who already customer of the Islamic banking which will facilitate the research through providing the information why they did take up Islamic banking, advantages and disadvantages of this system and as well about the scope of Islamic banking in UK. Two with such Muslims that are not using Islamic banking product which will helpful to investigate why they have not taken the Islamic banking product and which factors are stopping them from these services that are according to their faith. My plan is t o speak to non-Muslims that are using the Islamic banking products that will provide the best information for the growth and strong fundamentals of Islamic banking. The planned is to conduct these interviews through sending letters to banking authorities and emails to customer services department of the perspective banks to arrange an appointment. To take interviews from customers and non-customers of the Islamic banking the interviewer will use the posters advertisement in the mosques and libraries in that area where the Muslims are living in majority. The interviews will be recorded using the voice recorder with the permission of the interviewees. If the voice recorder is not possible then the interviewer will take notes which will be summarized with full detail and also these notes will be available on demand for further investigation. 8.0 Research limitations: This research was proposed to be conducted in a very short span of 8 weeks, which forced the researchers to curtail the research from expanding in to a wider spectrum. According to the proposed planned of seven interviews it is possible that there should be some hurdle to get all information from customers of Islamic banking. In the course of research if the researcher will feel to get more widely information about the growth of Islamic banking then mini open ended questionnaires will be conducted. As the research was a part of student project there where huge limitations on financial resources. Lack of financial backup congests the team, which in turn curbed the research team from dilating the research. Conclusion: The purpose of research is to find out opportunities of growth and development as well the main challenges to Islamic banking in the United Kingdom. The primary data which was collected through in-depth interviews is to match with the different opinions of the community members about the scope and future of Islamic banking in the UK. The outcomes and results of these in-depth interviews are matched with aims and objectives of the research.

Monday, December 23, 2019

Netflix vs. Redbox - 1055 Words

A draft of Netflix vs. Redbox Netflix Strengths Netflix provides a subscription-style e-commerce service. Customers only need to sign up and pay $13.95-39.95 a month to borrow as many as 2-9 movies at a time with no monthly limit. If customers quickly watch the DVD and send them back, the monthly fee pays for quite a few movies. The relatively low monthly fee enables Netflix to compete with Blockbuster and other brick-and-mortar video rental business. Meanwhile, Netflix might keep the customers who try the service and happy with it continue paying the monthly fee. Therefore, Netflix has less problem in predicting revenue or level revenues. * Being an on-line DVD rental store, Netflix combines the growing Home Entertainment Market and†¦show more content†¦* NetFlix and Musicland Stores paired up to begin a cross promotion program to promote awareness and sales of DVDs. NetFlix will point customers to SamGoody.com when they want to buy discs. In return, SamGoody.com will provide the purchase phase of NetFlix s Test drive program before they decide to buy. Customers who visit a page for a specific movie on SamGoody.com will also have the option to rent from NetFlix.com. NetFlix will also give the option to rent DVD from Netflix.com or buy it from SamGoody.com. * As a web based business, NetFlix has rapid growth potential with the popularity and development of World Wide Web, and DVD technologies. More and more people will accept and be involved in e-bussiness. NetFlix, the world s first and largest online DVD rental store, will develop fast. * NetFlix established promotional relationship with Amazon.com for the sale and rental of DVD. Amazon s reputation for its tremendous selection and first-class customer service will make it the ideal partner to handle sales to NetFlix s customers. NetFlix also looks forward to introducing millions of Amazon.com customer to its compelling DVD rental service through exclusive special offers and promotions. This might bring much more customers to NetFlix. * Playing Video games is a very popular amusement. Netflix will extend into video game rental business. Threats: * Traditional brick and mortar rental stores are a threatShow MoreRelatedNetflix vs. Redbox946 Words   |  4 PagesNetflix vs. Redbox Assignment 1. Netflix: The target segment of Netflix is frequent users. Netflix offers customers an ever-expanding collection of TV and movie titles. The pricing range of the subscriptions varies depending on the type of plan. All plans will allow customers receive a certain amount of DVDs every month. So it is suitable to the frequent users, who may watch the movies regularly every month. They do not need to pay the money, which is related to the number of movie they borrowRead MoreNetflix vs. Redbox Industry 897 Words   |  4 PagesHow is it that Netflix and Coinstar’s Redbox have thrived in the DVD rental business and brick-and-mortar companies like Blockbuster were forced into bankruptcy protection? According to CEO and founder Reed Hastings, value is the reason. As we know from class, value is defined by customer/consumer and companies that offer value turn buyers. One great example of a company’s value turning buyers into lifelong customers is Apple. Apples success with iPhones, iTunes and Mac computers have proven thatRead MoreNetflix vs. Blockbuster vs. Redbox1198 Words   |  5 Pagesstores are disappearing. Hollywood Video is long gone, and most Mom and Pop stores were crushed under Blockbuster s boot back in the 90 s. So, which option is best for you in the new world of movie rentals? Should you go with Netflix?... Blockbuster?... Redbox? Each of these big players have various pros and cons associated with them. I have used all three extensively and have made my decision on which is best, but your movie watching habits may be different from mine. So, with that inRead MoreValue Chain Analysis1651 Words   |  7 Pagescompanies; Netflix and Redbox companies. 2.0 Background information. Netflix is an online movie streaming and email DVD Company. The company offers consumers a chance to stream live various movies over the internet. In order to use Netflix, consumers are required to register on the company’s website. The registration will involve paying a monthly subscription fee. Consumers are able to stream movies and watch live televisions show to their personal computers or even television sets. Netflix is onlyRead MoreBlockbusters Rivalry with Netflix3189 Words   |  13 PagesBLOCKBUSTER VS NETFLIX INTRODUCTION Blockbuster history Blockbuster was founded by David P. Cook in 1985, a 34 year old entrepreneur from Dallas, Texas. Having past experience in providing database software and other computer services to industries like oil and gas, Cook had strong information system knowledge. His innovative idea of running a video rental business using a scanner to keep a track of the customer’s data and their rented movies, he came up with Blockbuster Inc which was a greatRead MoreHome Movie Rental Industry2485 Words   |  10 Pages(MGM340-1302A-04) Professor Charles Cullinane Home Movie Rental Industry Roxane Billiot May 5, 2013 I. Introduction to home movie rental industry A. Netflix 1. Background 2. History B. Redbox 1. Background 2. History II. Operational objective C. Netflix 1. Mission Statement 2. Expectations D. Redbox 1. Mission Statement 2. Expectations III. Specific operational challenges IV. Metrics E. Customer satisfaction F. Cost G. GrowthRead MoreBlockbuster Case Essay1919 Words   |  8 PagesFall 2011 | BlockBuster Case Analysis | | 1. What role has Netflix played in the development of Blockbuster’s strategic planning? How important is Netflix to Blockbuster’s future strategic plans? Before answering this question ,I would like to highlight that It s clear after reading the case that blockbuster main problem was making strategic plan without considering its scorecard as they never anticipated change or tried to early explore strategic alternatives and they never examinedRead MoreBlockbuster Declares Bankruptcy2749 Words   |  11 Pages435 – Organizational Change Robert Hamamoto September 19, 2011 Shortly before their 25th anniversary, Blockbuster files for bankruptcy protection with a Chapter 11 petition. The failing company couldn’t compete in today’s market against Netflix, Redbox, Apple, and other internet-based businesses that provided mail-order rentals or digital streaming. Their business model needed to be revamped to stay competitive. This paper will take a look at where the problem was, the measures taken to correctRead MoreRedbox3346 Words   |  14 PagesSummary Redbox Automated Retail LLC was started in 2002. It started out being an experiment, funded by McDonalds, with grocery style kiosks and DVD rental kiosks. Within the first year Redbox dropped the grocery side and capitalized fully on the automated DVD vending machine rental. In 2009, Redbox became a fully owned subsidiary of Coinstar. A strategic evaluation of Redbox’s internal strengths, weaknesses, opportunities and potential threats are the bases of this marketing plan. While Redbox exhibitsRead MoreBest Buy Internal and External Analysis5756 Words   |  24 Pagesthe products for their usage. | Power of Suppliers | Results | Remarks | Concentration of suppliers relative to buyer industry | High | Netflix can look for alternative suppliers that can allow them to release closer to the DVDs dates. | Availability of substitute products | High | Wide variety of high end and low end products. Examples: Sony and Apple vs LG and Insignia. | Importance of customer to the suppliers | Low | Suppliers have many other ways of distributing their products to dealer

Sunday, December 15, 2019

Race and My Community Free Essays

Introduction Many people believe that racism is a thing of the past when in fact race related hate is still a problem in America today. There are many recorded incidences of stereotyping, discrimination, and racial issue within my community. Neighborhood segregation in the northern cities is the biggest reminder of racial division in America. We will write a custom essay sample on Race and My Community or any similar topic only for you Order Now New laws state that racism, discrimination, and stereotyping are absolutely illegal. Although race is not supposed to have an effect on communities today, racism, discrimination, and stereotypes are still present in America today. Racism is present in all walks of life and affects everyone, including the person that is harboring all of the hate. Racial division in the United States has primarily consisted of the separation of people into those with â€Å"white† skin and those with â€Å"black† skin. The degree to which skin tone shapes American social relationships is signified linguistically in the way we commonly identify each other as â€Å"White† or â€Å"Black† in everyday jargon. As Lee Artz outlines in his book Cultural Hegemony in the United States, â€Å"In practice, race has regulated legal treatment, economic opportunity, and social status, and the most defining characteristic of race in the United States has been skin color. In many communities racism hides under rocks and behind the masks of individuals that would never be thought of as a person that holds hate in their heart. It is very hard to determine if someone is being racist because they hide it and use different issues, as an excuse, to show this hate. There are people out there that see, acknowledge, and accept the complications of racism, there are people that do not or cannot see racism, and there are people that are too oblivious to notice it. Racism, discrimination, and stereotyping rears their ugly head in many different forms. This type of ignorance shows itself among the young, the old, the rich, the poor, and in every race. All communities are ill with this problem in one way or another. Majority of the members of my community that looks like me but, there are some that don’t look like me. The individuals that resemble me the most are the people that work hard, love each other, try to help the weak, and attempt to make a differen ce somewhere along the way. The people that do not look like me are the people that rob, steal, lie, and murder. I believe some others look different because of nationality; Missouri is a very diverse state so we see many races. There are leaders of my community that are wonderful role models that take pride in their community and they really care about the people who live here in North Carolina. My community members treat me with respect because I treat them with respect.As with any community there are also so members of the community who only come to work to get a paycheck and they don’t care about anyone but themselves. I have never personally been mistreated by a leader in my community but I have heard of instances were other community members have been mistreated because they were different or they were from a lower class than others. In my opinion the studies associated with this course does contain information about people like myself and people of my race because there were entries regarding African American history and great accomplishments of the black members of society. Overall, I feel like minority group interests are represented in my community. There are many programs, organizations, scholarship programs, grants, and research material available to the minority groups within my community. I am very fortunate to live in a community that offers these types of programs because there are many communities that give out scholarships, grants, or loans to only the people that they like. The administrators of these programs may turn away someone because they wear a turban or because the person in need is Asian. My manuals at work are not specifically aimed toward any particular group because everyone is pretty much the same. I feel inequities do exist in my community, if I could change any inequities within my community I would change the way people treat the African Americans in my community. . Sides and Gross (2007) state that, â€Å"negative stereotypes relating to violence and trustworthiness are remarkably common towards African Americans in the public’s mind. These stereotypes are underpinned by a similar set of factors that underpin stereotypes of blacks, Hispanic, and Asians—notably, authoritarian values. Furthermore, these stereotypes have consequences: those with less favorable views of African Americans are more lik ely to support several measures that are part of the broader American society. African Americans are people that yearn for love, acceptance, and perseverance just as others do. This type of discrimination against the people in my community is very disheartening. It is extremely difficult to understand why anyone would want to hate another person simply because they are a different religion, race, or nationality. Racism is a problem that hurts everyone. It is pure discrimination and cannot be allowed in employment, education, in churches, or on the streets. Racism can also be blind and unreasoning hatred, malice or prejudice. Discrimination is the denial of any equality based on personal attributes. I plan to continue to raise awareness by speaking to people that I come in contact with. I also plan on making a difference by being a good role model. If I see someone acting out of hate I will love them just as I love my own family. Hate breeds hate but love breeds so much more. With lo ve comes understanding, happiness, and most importantly love breeds change. If one person will just stand up to make a difference then others will follow. Sometimes it just takes that one person to take the lead when others are too scared to stand up and do so. Men and women have lost their lives in the fight for freedom and equality. Racism, discrimination, and stereotypes are still present in our communities today even after everything that this country has gone through. Even though we do not hear about this hate every day is it still present. People are just less likely to be open about it because of fear. Racism has even gotten as bad as restricting people to certain circumscribed areas of residence or to separate institutions and facilities on the basis of race or alleged race. Racial segregation provides a means of maintaining the economic advantages and higher social status of politically dominant races. Historically, various conquerors — among them Asian Mongols, African Bantu, and American Aztecs — have practiced discrimination involvi ng the segregation of subject races. Racial segregation has appeared in all multiracial communities, except where racial amalgamation has occurred on a large scale, as in Hawaii and Brazil. In such places there has been occasional social discrimination but not legal segregation. In the Southern states of the U.S., public facilities were segregated from the late 19th century into the 1950s (see Jim Crow law), and in South Africa a system of apartheid sanctioned discrimination against nonwhites until it was abolished in the 1990s. While many people believe that racism is something of the past, race related hate is still a serious problem in America, even today. If everyone would realize that ignorance and hate can be channeled into something productive, every single person would be able to live a happy live and thrive in a community of personalities instead of a community of color. Cultural diversity exits in every corner of the world. With diversity unfortunately comes negativity and struggles. Each one of us has our own unique story about where we came from and the different struggles we all faced throughout the years. This is more than true for minority groups Even though we may be different on the outside, we all are here for a common cause, to make the best of what we have and ensure our culture lives on. Although the fact that we are different is never going to change, the negative way we treat out fellow brothers and sisters of the human race can definitely change. The bottom line is that we must accept each other for who we are and what we represent if we are ever going to live in peace. REFERENCES: Race and Place: African American Community Histories, Retrieved December 4, 2009 www2.vcdh.virginia.edu/afam/raceandplace/index.html – Cached Sides, J. M. and Gross, K. A. , 2007-08-30 â€Å"Stereotypes of African Americans, Their Causes, and Their Consequence† Retrieved December 3, 2009 http://www.allacademic.com/meta/p209079_index.html Ethnicity and race: Nature of ethnicity http://www.anthro.palomar.edu/ethnicity/ethnic_2.htm, Retrieved December 4, 2009 Ethnic groups and discrimination, African American Muslim Http://www.Everything2.com/index.pl?node_id=1463139, Retrieved December 3, 2009 How to cite Race and My Community, Essay examples Race and My Community Free Essays The cultural differences and many races and ethnicities make this community what it is. Henderson is second largest itty in Nevada with over a quarter of a million inhabitants, second only to Alas Vegas, Nevada. Henderson population is made up of four different races making the total 267,270 people. We will write a custom essay sample on Race and My Community or any similar topic only for you Order Now There are over 210,000 Caucasians, over 15,000 African Americans and more than 35,000 Hispanics. As in many US cities, the gender balance Is fairly even at 49. 1% male and 50. 9 % female community members. (icosahedrons. Mom) I have noticed that members throughout my local community generally are Caucasian and look Like me, this Is because my race and my skin color make up over 70% of the entire population of Henderson. I have not experienced the leaders of my community treating people differently based on race, ethnicity or cultural differences but I imagine it happens. In researching where to rent an apartment I looked for a location that was near my work and college and was in an area where people were most like me. That doesn’t mean I am biased in my opinion due to the population facts of Henderson. I do not feel I would be comfortable living in an area where I was completely different in cultural background. I would be able to adjust to living in areas where there were many races and ethnicities represented but I like to be rarest to people who share my same cultural background and my religious beliefs. This has been true throughout my life as I am originally from the Midwest, in particular – Dimension, Iowa. There are some things that are very different about Iowa and Nevada, yet some things that are very much the same. The population make up of my hometown in Iowa is much the same with 70% of the population being Caucasian, although vast majority of the remaining 30% of the population are of Hispanic descent. There are a few African Americans and Asian Americans in my hometown as well, much like here n my new local community of Henderson. The major difference is only in the quantity of people as there are only 12,000 people living in Dimension, Iowa. That is a huge difference for me to adjust to culturally but I feel I have adjusted well to my new setting. One cultural concern I had was finding a Christian church that met my needs and expectations after living in the Midwest and attending a parochial school for part of my education and attending Christian churches all my life. I did find a church I Like very much In Alas Vegas not too far from where I live. This church fits the need of Christian but It sure was a cultural shock to go to a church with ten to fifteen times more attendees than my hometown church but I do believe that is representative of the community with nearly 80% being Caucasian in our city. The Council has 4 member, two females and two males, which is also representative of the gender make-up of Henderson. I think that my local media represents everyone pretty equally. For example: if a person commits or is involved in any way of a crime, the local media is going to broadcast the story whether or not the criminal is Caucasian like me or any other race/ethnicity. When I watch the local news as I do most days, I see the broadcasters representing different races and ethnicities as well. This is also much the same as my hometown City Council which is made up of Caucasians and one Hispanic member and representatives of the news media in the cities of Omaha, Nebraska; Sioux City, Iowa; and Des Monies, Iowa are all much the same with various races/ethnicities represented. In my larger community of the United States I see the demographics of the governmental agencies and news media much more broadly representing the many races that make up our nation. I do feel very strongly that all minority groups throughout my community are represented in some way or another. There are a lot of activist group activities and mission statements that have successfully been completed and a lot, if not all, have been continuing to proceed over the years. Block parties for example, is a personal favorite on encouraging neighbors to interact and be comfortable regardless if another person in the community or neighborhood is a different race. I knew my neighbors in Dimension, Iowa, quite well and sharing food and fun is one way to bridge cultural gaps as we did with our Hispanic neighbors. Another personal favorite of mine is Joining the program called Henderson Shines. I could resolve some and if not all inequalities within my community by taking part and encouraging others to participate in Henderson Shines. The 2013 Henderson Shines program allowed over 600 people to drop off unwanted items that could contaminate our environment if left to rot, things that could be recycled, or Just get rid of what would be an eye-sore in the community. This information is also from the Henderson website at icosahedrons. Mom: â€Å"The Our Henderson Sustainability Program encompasses a variety of efforts to conserve energy and water, promote cycling, enhance the built environment, reduce air pollution, and increase transportation options. In all of these efforts, the City of Henderson is working together with our residents and businesses to ensure a high quality of life in our community. Our Henderson. Our home. My responsibility. † I think this is a great motto to live by in any community. This encourages us to take a personal stake in our surroundings and helps to create collaboration with neighbors. I would be able to help resolve any differences in my community by bringing everyone together to help in the Neighborhood Cleanup Program too. I think that this would help other members see that we are not all that different from each other. I can show everyone that no matter what race someone is, we all have trash that needs taken out, we all need to eat, and we all need to give back to our community. This could be an opportunity for myself and people within my community to see past the skin color and see that there are things in common between numerous cultures. (A Place to Call Home, 2013) When I was a student at Dimension Middle School we had a Spring Clean Up each year in which all 350 students were split up into groups to go out into the his project I do feel that it helped build a sense of civic responsibility and community service to build pride in my surroundings as it did for most of my fellow students and friends. The month before I moved to Nevada I was part of a church event called Love Dimension that did much of the same things as Spring Clean Up except we also had groups visit nursing homes and decorate doors, groups passed out business appreciation bags of snacks to business owners along Highway 30, and painted all the structures at the baseball fields for youth programs. These opportunities in my past have helped me become a much stronger volunteer and immunity activist. Most recently I was part of the Life is Beautiful festival near Fremont Street in Alas Vegas which is part of the Downtown Renovation. I got to work alongside other volunteers to complete a mural that represents the cultural differences coming together for a common goal. I enjoy seeing that mural and I hope it gives everyone a sense of pride in that area as well. I want members of my community to grasp the idea that two or more people are always going to be stronger and more efficient than one person who refuses to see past another member’s skin color. One of the main concepts in our text that relate to race is Chapter One: Exploring Race and Ethnicity. In this chapter I learned about unequal treatment towards minority groups. Also stated in Chapter One is â€Å"Minority women are more likely to be poor. † (Schaefer, 2010) I am Caucasian and I am not the wealthiest in my community. I believe that I can get whatever I set my mind too and so can everyone else regardless of race, ethnicity, or cultural beliefs. If one person could start a small neighborhood activity to bring everyone together and then if another would do the same thing inside the same neighborhood as the first, slowly the entire community would come together. How to cite Race and My Community, Papers

Saturday, December 7, 2019

Human Resources Management Organisation †Free Solution By Experts

Questions: 1. What legal issues does Gemma need to take into account in designing a redundancy process? Is Alan's suggestion of targeting people closer to retirement age a feasible approach? 2. How should Gemma configure the HRIMS to provide useful data about the company's workforce? What sorts of workforce data reports should the system generate? 3. What kind of HR planning process would be appropriate at this point in the company's development? Would a qualitative or quantitative approach be more effective? Why? 4. What would be the advantages and disadvantages of the company devolving or outsourcing operational and administrative HR functions? What should Gemma recommend and why? Answers: 1. Introduction This business report takes into consideration business acquisition as well as companys plan for the year to come. Gemma, the HR manager of Wordsmith acquired Mainly Books which has 18 stores all across the globe. It was seen that, Mainly books struggled to have a competitive edge amongst the various major players and has inquired losses for the past three years. The acquisition of Mainly Books was considered to be as a strategically fit and become one of the leading book sellers worldwide. Once the acquisition was done, various HR issues such as overstaffing, inappropriate balance between full time part time workers, no separate HR functions are seen at Mainly Books, important employment issues are taken care by the store managers, payroll and recruitments functions are referred to as additional functions, no information management system makes it difficult for the employees to track the performance of the same. Body Some of the legal issues which shall be kept in mind by Gemma while designing the redundancy process have been listed in this section of the business report. Redundancy refers to the process of not using the duties of a particular employee in the organization. Once the position becomes redundant, the employee would either be referred to as retrenched (loses its job not offered another) or redeployed (provided another job). Some of the legal issues which shall be kept in mind by Gemma while designing the redundancy process have been referred as follows: Consider various options plan ahead: The first thing to be kept in mind while considering some positions to make redundant are the skills that are least required what is required in the future to come. Redundancy is done for genuine reasons the employer shall cat reasonable while doing the same (Ehrenberg, MacSherry, Sa nchez Sayej, 2010). Use a fair selection criterion: The second legal issue which shall be kept in mind is the use of fair selection criteria. This means that, all the staff members should be kept updated so as to maintain trust respect by using proper communication methods. It is a very important task to communicate between the employees as well as engage them in day to day chores in the organization (Karlsen, 2009). Proper communication feedback refers to the key of successful working environment. Consultation with the staff union members: The third legal issue which shall be kept in mind by Gemma is to hold consultation with the staff union members. This is made compulsory under the Fair Work Act 2009, that if there are more than 15 staff members to be redundant meetings shall be held a draft shall be prepared for the same. Choose between voluntary compulsory redundancies: In various organizations, the employers are required to choose between voluntary compulsory redundancies i.e. either people volunteer or the employer chooses whom to retrench (Shivarudrappa, Ramachandra Gopalakrishna, 2010). Prepare the redundant materials: The last legal issue which shall be taken into consideration is to prepare a checklist of redundancy. The employers shall keep in mind that, farewell shall be granted to the employees with respect. Some of the legal requirements which shall be kept in mind by the employers are: Provide a minimum notice period to the redundant employees. It is a legal requirement for the employers to grant notice period unless until the employer provide payment in lieu to the notice. If the employers do not provide a minimum notice period or insufficient notice period, then it would be regarded as breach of contract or agreement or a workplace agreement. Checklist for redundancy package: Some of the things which shall be taken into consideration while making an employee redundant have been listed as follows: Employment Separation Certificate stating that, the employment is ended the reason for the same Entitlements to be calculated till the last day listing on what basis the calculations have been done An accurate statement of service Followed by a farewell event Final pay to the employees: On the last of the employment, the employees would be entitled for its final pay. These will include the following i.e.: Outstanding wages Accrued annual leave entitlements Redundancy pay entitlements Tax rules: There are some special tax rules in regards to certain payments at the time of redundancy. One should confirm with the tax officer regarding the eligible termination payments so as to clear all the dues for the employee. Business in Transition Support (BiTS): The Business in Transition Support (BiTS) refers to a program which is designed for businesses that face redundancy retrenchment. Alans suggestion for targeting people closer to retirement age is not a feasible option. If Alan targets the people who are closer to their retirement age, it will be highly disgraceful. Instead of retrenching them the following measures shall be taken into consideration so as to avoid redundancy. They are as under: Reduction in overtime Allowing the senior citizens to take their long service leave Allowing the senior citizens to take their accrued leaves Reduction in the working hours on board leading to reduction in the pay Stand downs Reduction in the pay Instead of targeting removing the senior citizens, Alan shall practice phased retirement. In this type of redundancy, people who are getting closer to retirement shall be asked to reduce their working hours in progressive stages. This means that, with time the employees phase out into permanent retirement (Wilkinson Kannan, 2013). For instance, the employee shall reduce its working days from 5-4 per week then after a year to 3 weeks and so on. With the number of working days getting reduced, the working hours shall also be reduced. Along with flexible working hours, work from home can also be one of the options to retain the employee as well as practice redundancy in future.| Ways in which Gemma shall configure the HRIMS to provide useful data about the companys workforce have been discussed as follows: 2. Gemma should configure the HRIMS to provide useful data about companys workforce. HRMS configuration with workbench shall be practiced by Gemma to provide useful data about the companys workforce. Some of the added features with HRM configuration are: Support the documents Link directly to online training Track or configure the related activities Link to the latest release via The Oracle Support System With the HRIMS, each business organization will be able to reflect the data, policies processes. With the help of Oracle HRMS, seven functional areas are taken into consideration such as: Payroll process management HR information system Talent management Compensation management Payroll processing Time management While starting with the configuration process, the first step is to decide as to what type of organization it is, based on the type of organization, the configuration model shall be selected. The models are as follows: Single operating company in one country Single operating company in multiple country Multiple operating company in one country Multiple operating company in multiple country The models mentioned above will help the organization to meet the management as well as reporting requirements. By configuring with workbench, jobs can be defined in a well- organized manner. While defining the jobs, a detailed capability of the position can be done so as to represent the primary working roles of the positions. A unique structure shall be defined to the person in the post as well as the specific department it belongs to (Sekhri, 2010). Once the work has been defined, a proper structure for managing the payroll, compensation, benefits, etc shall be done. On the workbench home page, plan design of Oracle HRIMS Compensation and Benefits guide is to be created, salary grade related pay shall be planned so as to maintain the grade structure. Once the organization defines a framework using a configuration Workbench, the organization can start with the proper management of payroll, compensation benefits, etc. Once the details regarding the payroll is managed via configurat ion workbench the full employee details, existing benefits enrollments, etc can be loaded. The workforce data reports should the system generate have been defined as under. They are as follows: HRIMS Administration HRIMS Training Management HRIMS Recruitment HRIMS Compensation Benefits HRIMS Workforce Budgeting HRIMS Workforce development performance HRIMS Workforce Costing HRIMS Workforce Utilization HRIMS Workforce Separation HRIMS Workforce Productivity HRIMS HR Reports3. The HR planning process: The HR planning process which would be appropriate at this point in the companys development has been described in the following three stages i.e.: First Stage: In the first stage of HR planning process, an effective ground work takes place. In this stage, the organization recognizes the HR department as a business partner as well as provides various avenues to act in a proactive manner. In this step, the HRM strategic steps are identified so as to formulate a business strategy. The business strategies might be the generic ones such as cost reduction, innovation enhancement of the quality, employee satisfaction, and lack of motivation (Reichel Lazarova, 2013). Second Stage: The second step takes into consideration the various steps in the implementation of the HRM systems. The various HRM systems shall be taken into consideration such as training development of the employees, performance management, conflict management, compensation, etc. Third Stage: The final stage of the HR planning stage at wordsmith shall cater to the effectiveness of the HRM systems. The alignment of the various HRM systems with the business strategy shall contribute to the HRM systems in achieving the various HRM strategic objectives. It has been seen that, evaluation of the HRM systems is referred to as one of the most difficult tasks as most of the organizations are unaware i.e. what do they want, what are their expectations, efficiency of the HR processes, employee productivity, improved performance of the employees, etc (Quartey, 2013). Is qualitative or quantitative approach more effective? In HR planning process, both qualitative quantitative approaches are effective to track the various day to day activities. Quantitative data are based upon the various statistics qualitative takes into consideration the casual observations. With the help of both qualitative quantitative approaches one can easily identify the various issues which impact the organization in a negative manner. Businesses use various quantitative data to gather information which would help to track the productivity of the same, such type of data can be utilized to rank the employees as well as provide ranks to the employees promote the same. The quantitative data can also be used by the organizations to terminate the poorly performing workers. On the other hand, qualitative data refers to the observations done by the people working in the organization. Qualitative data such as recording ones behavior, work habits, how a particular worker tackles the various obstacles to perform effectively. In most o f the cases, both the quantitative qualitative reports might be contradictory (McLaughlin Mott, 2010). Therefore, both the reports shall be taken into consideration to come to a valid conclusion. There are cases where in based upon one of the reports, the individual is a hardworking worker whereas based on the other report the character of the employee is ruined. Hence, both the reports shall be studied carefully to make the HR decisions. 4. Advantages dis-advantages for developing or outsourcing operational and administrative HR function: In any organization, the Human Resource department is required to perform a variety of functions. The main functions performed at the HR department are payroll decisions, tax filiation, employee benefits medical benefits. In organizations which are in their first stage of development are unable to perform certain comprehensive tasks. Hence, in the initial stages of development HR department tends to outsource certain functions. The advantages dis-advantages of the company developing or outsourcing operational and administrative HR functions have been listed in this section of the report. They are as follows: Advantages: Cost savings: The first foremost reason for any organization just like wordsmith outsourcing the HR department is due to the cost factor associated with the same. Outsourcing helps the HR department to reduce its costs by creating a nonrevenue back office expenses. A fully functional HR department requires an office space highly trained officials. In the initial stages of development, small businesses find it feasible to outsource the HR function rather than use a large space of the office to create a new department (Glaister, 2013). Development of the employee: Outsourcing the HR functions will help wordsmith in the development of the employee at large. The outsourced HR officials ensure that, the employees comply with the plans policies lay down by the firm. The outsourcing firm monitors the performance of the employees periodically so as to see check their capability. Risk management: Outsourcing some of the human resource activities help to minimize the risk at wordsmith. It has been seen that, employment labor laws change regularly hence; it is quite a difficult task for the employees to stay abreast with the same. Outsourcing firms hire various HR personnel who stay abreast on various state federal laws (Davis, 2012). Efficiency: In order to maintain an effective efficient workforce a productive workplace is critical. With the help of an advanced HR technology, outsourcing employees streamline the various HR functions such as payroll, employee benefits, performance management. With the help of an outsourcing team, it spends less time paper work and more time in improving the effectiveness of the employers (Bell, 2012). Focus: Majority of the companies outsource their HR departments so as to get rid of the various distractions and concentrate on the core competencies itself. It is referred to as one of the most profitable options for start-up firms. With the help of outsourcing, the owners of the organization will not be concerned about certain time consuming tasks such as maintaining payrolls rather he or she can concentrate of marketing or sales activities. Dis-advantages: Poor performance: It has been seen that, most of the companies outsource their HR department to reduce costs. But, in order to reduce the cost the decreased quality of performance is provided by the outsourced party. The HR department takes into consideration the day to day activities any poor performance by the outsourced party might lead to a negative impact for the organization as a whole (Brown, 2010). Recruitment problems: In most of the cases, the outsourced party is unaware regarding the culture of the organization and the need of the same. Therefore, while recruiting the employees due to lack of understanding a wrong or an inappropriate candidate might be recruited which does not match the requirement of the organization. The success of the organization totally relies upon the performance of the employees, if the employees are not capable enough they will affect the overall culture of the organization. Loss of control: After outsourcing to a provider, executives might give too much control to the companys HR functions. Too dependency loss of control might create problems for the organization if outsourcing is no longer available with the company (Ben-Hur, 2013). Information leaks: Outsourcing the HR departments function might lead to leakage of certain sensitive information of the organization. For any outsourced company to work in favor of the organization, some sensitive information is to be provided such as structure of the company, information of the product or service, etc (Baker, 2013).3. Recommendations: Some of the recommendations for Gemma have been listed in this section of the report. They are as follows: Gemma shall prepare a separate HR function which will take into consideration various aspects such as Payroll, managing performance of each employee Gemma shall opt for a Human Resource Information Management System (HRIS). 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