Imagine Yourself 26 Years Ahead Essay Example for Free

Imagine Yourself 26 Years Ahead Essay It was flaming hot, the sand beneath my bare legs burned when it hit water. I thrived to keep my eyes open, but instead I drifted into my daydreams imaginations, and spontaneously everything was peaceful and utterly dreamy. It was more to a vision than a dream when I imagine myself in 2026, but within an instant I am blown away. I discover that I am the new legend in the genetic research field in the United States, not only that but a mother too. Consequently, I see an extraordinary day of my future sought life, a casual day yet inscribed within history: the day I discover the AIDS cure. Suddenly, a river of emotions erupts through my veins but I know it’s everything I want in my future and everything I want the world to remember me by, to be a person who changed the world. In my future life I’m married to a guy called Joseph khan, he becomes the first man to step on Jupiter. I linger in my visions and expectations of future, wanting nothing more but to reach for it and make it happen, but then I wake up. The sun was down but I can see my surroundings as still as they were, then out of nowhere I see a guy setting near, â€Å"what’s your name† the stranger said in a soft deep voice, â€Å"Mariah† I breathed, stunned. He walked slowly and stretched his tanned arm toward me â€Å"khan, Joseph khan.† I was hooked.

The Effects of Stigma and Labeling on Mental Illness Patients and Their

Mental Illness, that name conjures up a vast array of frightening images in the minds of the general public and media; an unfair image that is stigmatizing for the sufferer. The stigma is also pervasive in the mental health field, where patients who receive treatment are sometimes treated unfairly by the practitioners, who are supposed to help them in the first place. This is what my paper will discuss, the effects of stigma and labeling on patients and their families. I have culled many sources from scholarly papers, that back up my claim. I will describe what I thought of about the articles and how they pertain to the main points I am trying to make. In our society today, mental health treatment is considered to be much more humane and scientific, rather than the barbaric treatment given to mental health patients in the past. Although the psychiatric profession has considerably advanced, there seems to be a growing consensus from many mental health consumers and families, that the stigma of the past is still present in the treatment of mental illness today. It is considered inhumane to deprive someone in getting adequate treatment for their mental illness, but that is what is happening to many disabled mental health consumers. The majority of mental health consumers cannot afford to get the advanced treatment that is available to them, unless they either have enough money or good insurance coverage; most however do not. It is usually impossible to get into the specialty psychiatric clinics, like Stanford and UCLA, where treatment is very advanced and up-to date, therefore consumers have to be treated often within the county's mental health system; which is very rated very poor. In the article published by: Sharon Bowland, ... ...ple with mental disorders. Australian & New Zealand Journal of Psychiatry, 43(3), 183-200. doi:10.1080/00048670802653349. Kondrat, D., & Teater, B. (2009). An anti-stigma approach to working with persons with severe mental disability: Seeking real change through narrative change. Journal of Social Work Practice, 23(1), 35-47. doi:10.1080/02650530902723308. Rao, H., Mahadevappa, H., Pillay, P., Sessay, M., Abraham, A., & Luty, J. (2009). A study of stigmatized attitudes towards people with mental health problems among health professionals. Journal of Psychiatric & Mental Health Nursing, 16(3), 279-284. doi:10.1111/j.1365-2850.2008.01369.x. Wesselmann, E., & Graziano, W. (2010). Sinful and/or possessed? Religious beliefs and mental illness stigma. Journal of Social & Clinical Psychology, 29(4), 402-437. Retrieved from Academic Search Premier database.

Performance Appraisal and Career Development

Performance Appraisal and career Development Ms. Garima Gupta (Assistant Professor, MBA&PGDM) Banshi Group of Institutions, Bithoor, Kanpur ABSTRACT: The paper focuses on the roles that are played by the employee, the manager and the employer in planning, guiding and developing the employee’s career and points out that appraisal works as a motivating tool for the same as it improves employee’s job performance by identifying strengths and weaknesses and determining how their strengths, may be best utilized within the organization and weaknesses be overcome.It throws light on the fact that people wants to choose occupations, jobs and a career that makes sense in terms of projected future demand for various types of occupation the co.uk/hrm-352/">performance Appraisal system helps the employees to become aware of their personal skills, interests, knowledge, motivation and other characteristics which help to identify their career related goals and establishes action pla ns to attain goals, research is done to find out the employer’s role and also his career development responsibilities, that depends on how long the employee has been with the firm, it is the employer only who serves as a mentor to helps the person learn that ropes are important , it focuses on the importance of employer that it is only he who contributes in a positive way to the employee’s career & matches the person’s strength & weaknesses with the feasible career path and believes that development is one of the important step that helps to improve the organization career planning process. Performance appraisal: It is defined as the method of judging the relative worth or the ability of an employee in performing his tasks. It lets the employee know how he is performing (whether his performance is meeting the set standard or not) and helps him to improve his performance if lacking. It is generally carried out to evaluate the employee’s performance and also to develop him by capitalizing his strengths and overcoming the weaknesses. Who will appraise: The Appraisal can be done by one or by the combination of following: 1. Employer(Supervisor) 2. Peer 3.High Level Manager 4. Customer 5. Subordinate 6. Self-Appraisal Appraisal————-A Motivating tool to develop Employee’s Career and improving job performance———————————————————–by identifying Employee’s strength and Weaknesses It has been noticed that appraising the employee helps a lot in improving his performance it helps to know that whether the employee is meeting the set standard or not if not then what are the lacking areas in which he is not able to perform well, in order to overcome this the weaknesses of employee are identified and proper steps are taken to improve them & utilize his strengths effectively.Employe r’s Role in Identifying person’s Strengths and weaknesses: It is the employer who keeps an eye on the employees during his job performance it is only he who assign the task and duties to the employees after identifying the employee’s area of interest, his abilities and competencies in performing the task, he is the one who notices that how well the employee is performing and also notices the points where employee does not perform well during the whole performance Appraisal and evaluation process the employer comes to know about the strengths and weaknesses of the employee and ask the employee to overcome his weaknesses as they may prove to be obstacle in the path of his career development ,it is the employer who advises the employee to match his strengths and weaknesses with the opportunity and threats prevailing in the organization to achieve the career growth . The Employer should find out that how long the employee is staying with the organization and whether the skills and interest of the employee are meeting with the job post or not.If not than it is the sole responsibility of the employer to help employee in overcoming his weaknesses by guiding and providing suggestions in developing required skills in the employee, as the employer serves as the mentor to the employee in boosting up their morale and inhibiting confidence in them so that they can move forward in their career and build them according to their wishes. A positive contribution is required from employer’s side. Employee’s strength and weaknesses identified by the Employer: By continuously monitoring the activities performed by the employee and also by evaluating employee’s performance the employer brings out following Strengths and weaknesses in the employee- STRENTHS: 1. Level of Education 2. Sound job knowledge . Work experience 4. Positive personal characteristics 5. Excellent communication skills 6. Problem solving abilities 7. Team building charac teristics 8. Sound judgment and decision making abilities 9. A good Initiator 10. Controlling and Delegating Abilities WEAKNESSES: 1. Lack of higher Education level 2. Inappropriate job knowledge 3. Lack of work experience 4. Negative personal characteristics 5. Lack of communication skills 6. Low problem solving abilities 7. Lack of team building characteristics 8. Lack of sound judgment and low decision making abilities 9. Lack of Initiative characteristics 10. Low delegating and Controlling abilitiesThough strengths are the internal positive aspects of employees, which should be capitalized whereas weaknesses are the internal negative aspects of employee, which should be improved. It has been noticed that it is very difficult for us to know about about our weaknesses as we only wish to see our positive sides and tries to ignore our negative aspects, in such situation employer plays very crucial role in identifying our strengths and weaknesses, during Appraisal the employee also c omes across the points where he lacks and tries the way to improve in that area , the Employer emphasizes on the fact that the employee should take steps to develop his, skills, interest, Style and values.An impressing personality also proves to be one of the most important factors for growth, one should inoculate the skills of sharp learning in himself so that it helps employee to know more and more about himself and helps him to improve himself in the areas where the employee is weak. , Which in turn proves to be very much important for the growth of the organization. Following points are very important for employee’s development- 1. Employer’s Feedback 2. Areas of Employee Development 3. Praise as well as criticism from the employers 4. Maintain/improve knowledge & skills 5. Maintain awareness of operating environment & organisation’s mandate 6. Know & understand scope of responsibilities & duties 7. Give feedback on performance expectations a nd assessment criteria 8.Give feedback on constraints to achieving targets 9. Produce & maintain high quality of output Employee Competency: An employee should be good in following points in order to become competent by capitalizing strengths and overcoming weaknesses- 1. He should have sound knowledge about his job profile and his working areas. 2. He should a positive attitude towards the responsibilities and duties assigned to him. 3. He should posses a positive behavior towards his subordinates for the achievement of goals. 4. He Should be strongly motivated But these competencies can be developed only through a sound Appraisal System that will help to find out the employee’s drawbacks, which can be improved, y Training and Development. The employee can achieve success in his work by matching his own needs with the needs of organization. MATCHING INDIVIDUAL AND ORGANIZATIONAL NEEDS ORGANIZATIONALNEEDSINDIVIDUAL NEEDS StaffingMaking career/job choice DevelopmentMaking contribution Leveling offFitting into organization RestaffingUsing Experience Career development is directly linked with Human Development. It ongoes throughout the lifespan of an individual resulting in the individuals growth both in their life and work, it basically refers to shaping your career in a way you wish to. It helps in developing capable employees with best skills, knowledge and behavior.Employer’s Role in Career Planning, Guiding and Developing the Employee’s Career: Following steps should be taken: †¢Know yourself: †¢Who are you? †¢What is your motivational type? †¢What is your personality type? †¢What are your career assets? †¢Assess where you are in relation to where you want to be †¢Identify your strengths and developmental needs †¢Benchmark your goals †¢Planning: Create Your Career Development Plan †¢Preparation: Have a Career Discussion and be Competition Ready By keeping above points in mind followin g characteristics are developed in the employees by the Employer to plan and develop their career- 1. Employee’s personal interest and abilities 2.Integrating the employee’s personal value system with the organizational culture. 3. Developing Team building Skills. 4. The employer to deal with conflicts, grievances, Stress, and emotions provides healthy tips. 5. Developing the feeling of commitment and competence among the employees. 6. Boosting up the employee’s Career. 7. Creates awareness among the employee about his unique characteristics that makes him different from others. It is the prime responsibility of the employer to take active interest in an employees career planning. Promotions in the job through appropriate Appraisal system that brings following points in the employee’s mind- 1. The employee gains a sense of satisfaction and security. 2.It helps to increase employee’s loyalty as they feel that the organization not only concerned in i ts development but also in the development of the employee. 3. The feeling of promotion motivates the employee to develop their personal skills and potential abilities for their personal growth and development. 4. It encourages employees to match their personal goals with the goals of organization for effective and efficient working that will yield fruitful results. 5. The employee will take keen interest in asking the employer about his strengths and weaknesses and will try to match them with the opportunities and threats of the organization he is working with.Career Development Initiatives: †¢A periodic review should be done by the employer to discuss about the career plan †¢Employer and the manager should take active part in guiding the employees on the issues related to their career development. †¢Job Rotation should be done so that they may understand the variations in their responsibilities. †¢An effective performance appraisal programme should be done to h elp employee know about their lacking areas †¢Helping employees in identifying their skills, interest and values. †¢Helping employees in developing their career goals based on the needs of the organization. †¢Relating employee’s current performance with future potentials. Transfers ,Promotions ,Demotions/Termination, Relocation Services, Outplacement Services, Development Opportunity Announcements, promotion of CD Opportunities. †¢Encourage employees take more ownership for their own career development References: †¢1998, Archer North & Associatiates, Introduction to Performance Appraisal, http://www. performance-appraisal. com/intro. htm †¢A framework for HRM-Gary Dessler †¢HRM-An Introduction-Angelo S. DeNisi,Ricky W. Griffin †¢Human Resource Management-Principles and Practices-PG Aquinas †¢Human Resource Management-Theory and Practices-Tapomoy Deb †¢Terrence H. Murphy (2004-03-24) (PDF). Performance Appraisals. †¢T homas F. Patterson (1987). Refining Performance Appraisal. †¢www. rhemagroup. com †¢www. slideshare. com †¢www. usuhs. mil/chr/idp. pdf

The Impact Of European Sovereign Debt Crises Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 1970 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? The Greek government-debt crisis caused the European sovereign-debt crises. Because of the Greek Until the end of 2011, nearly three years after European sovereign debt crisis erupted. The speed of its contagion and promotion never stop. Don’t waste time! Our writers will create an original "The Impact Of European Sovereign Debt Crises Finance Essay" essay for you Create order This crisis showed a dangerous signal contagion which is also a very important theme. From Italy to Spain, and even France to Germany, two largest economy of the euro-zone is also difficult to protect themselves. And the performance of the contagion effect the world economies include rating agencies downgrade the credit rating of euro-zone countries; reduced liquidity of the banking industry; loss of market confidence. Moreover, as the European sovereign-debt crisis have affected the global economy, leading the IMF Director, Christine Lagarde, to warn in January 2012 that the world could be headed to a 1930s moment II if the crisis cannot stop(Tim Christensen, 2012). The purpose of this essay is to discuss the impact of European sovereign debt crisis on the financial markets, especially in equity markets, bond markets and foreign exchange. Main body Investpedia indicates that Bond market is an environment in which the issuance and trading of debt securities occurs. The bond market including long term Treasuries, corporate bonds, municipal bond, mortgage debt and federal agency debt. It is an indispensable part in the financial system for one country. A unified, mature bond market can be used as a financing tool for investors and raisers to provide low risk investment. Therefore, the bond market is also an important carrier of the central bank monetary policy. National Bank of Greece is the largest Bank in Greece. Before Greek debt crisis erupts, this banks tier one capital adequacy can reach 11% (George Pagoulatos ¼Ãƒâ€¦Ã¢â‚¬â„¢Lucia Quaglia, 2010). Unfortunately, this Bank hold ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬18 billion Greek bonds. Once the Geek bonds restructuring, those bonds will be substantial depreciation and the Bank will suffer a great lost. Some large Greek abroad financial institutions also hold a large numb er of the Greek national bonds. For example, BNP Paribas Peregrine hold ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬5 billion and Commerzbank respectively hold ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬3 billion Greek bonds. Similarly, the situation of Royal bank of Scotland was worse than Greek in 2011. The bank hold ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬64 billions of Irish bonds, ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬12 billion bonds of them were already defaulted. This banks total assets at the end of 2010 were expected to reach ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬58 billion. Although this bank already got the British governments bailout, if the Irish bond problem get worse, then the bank will face bankruptcy. It can be suggested that the European sovereign debt crisis will be of incalculable influence on the bond market. Greek as one small economy of the euro-zone. If its bond write off, then the holders may have a great losses. On the other side, once the bond of some large economies (such as Italy, Spain) writ e-off, the global financial crisis would be caused again. Furthermore, the impact of European sovereign debt crisis on the bond market has been contagion to the peripheral euro-zone countries. For example, Austria and Hungary sovereign debt rose, central European countries exchange rate fell. It could be argued that contagion is an important factor for the European sovereign debt crisis. The European sovereign debt crisis would cause the whole euro-zone risk appetites fell, various funds will choose the low risk assets and steady income assets. As bonds invest have stable income, higher safety factor and also has strong liquidity. Bonds will certainly become an inevitable choice. Because the bank assets were less than the debt, it has no ability to pay off the debt. So the issue of bond interest rate will be higher. Just as the bank need money, so it willing to pay a high interest rates to borrow. In other words, according to demand exceeds supply theory, when the market is very short of money, then the interest rates become higher is inevitable. Don not think that high interest have to be good. When bank default, the investors cannot get back their money. This is also one cause of European sovereign debt crisis. Borrow too much, unable to pay. It can be suggested that the long-term bond market will be remain down if the European sovereign debt crisis still not solved. At the same time, investors confidence would be hit. Investpedia points out that Foreign exchange means the exchange of one currency for another, or the conversion of one currency into another currency. Increasing globalization has led to a massive increase in the number of foreign exchange transactions in recent decades. The global foreign exchange market is by far the largest financial market, with average daily volumes in the trillions of dollars(Yang Zheyu, 2012). Until the end of June 2011, Chinas national foreign exchange reserve was close to 3.2 trillion dollars, which were growth u p to 30.3%. According to the analysis, about 60-70 percent of China reserves were dollar assets, 10-20 percent of that were euro assets. If euro assets accounted to 15%, which means the scale of the euro assets would be roughly $480 billion. Chinas euros reserves would be substantial reduced, if the euro assets dropping sharply. It can be argued that the foreign exchange reserves of China would be effected by the European sovereign debt crisis. From the aspect of the global reserve currency, global foreign exchange reserves suggests that since the sub-prime crisis the proportion of dollars dropped from 65.3% to 61.5% during 2007-2011. Euros rose from 25.2% to 27.2% in the same period. Overall, it would be a slow process to adjust the global reserve currency. Fortunately, the euro can keep its second reserve status for the foreseeable future. It could be suggested that if the European sovereign debt crisis cannot be solved, leading to the fluctuations of the global foreign exchang e market. It would also impact on the Euro-zone economy and the Euro itself. In the future, dollar and the yen will continue to be the popular hedge currency in the market. While the other major risk currencies such as euro, sterling and australian dollar, and so on will continue to be trapped in the down market. Besides, even more worrying is that the ECB does not play an important role in resolving the crisis. Benefit from the European sovereign debt crisis, dollars kept rising and the greenback was rising against the other big global currencies. European sovereign debt crisis had the largest affect on the foreign exchange market. This crisis is the important factor to make the euro sold a lot. As the U.S. dollars gradually returning to a strong position, which will let the price of the international oil and silver go down. Significantly, if the problem of the European become complicated, the worlds major economies would be dragged down. Such as the United States and China. It can be easy to find out that contagion is an important theme for European sovereign debt crisis. Then, lack of confidence for the future would effect on market sentiment. Therefore, no matter the foreign exchange market, the stock market, the bond market or the precious metals market will be all fluctuate and adjust widely. Investpedia indicates that the Equity market means in which shares are issued and traded either through exchanges or over-the-counter markets. It is one of the most vital areas of a market economy as it provides companies with access to capital and investors with a slice of ownership in the company and the potential of gains based on the companys future performance. In 2011, European sovereign debt crisis continued to escalate. From comparing the public government debt to GDP ratio, the Europe has been reached 87% in general. Besides, the situation in America was worse than Europe (more than 100%). And Japan (reached 219%) was one of the most heavies indebted governments in the developed economies(Tyler Durden, 2011). In another word, the debt crisis would bring great influence in developed economies and even the worldwide. Pengbo Agency(2011) states that global equity market has lost roughly 12.1% in 2011, approximately 6.3 trillion dollars disappeared and the market value decreased to 45.7 trillion dollars. Obviously the European countries became the worse zone of the world. The same year, Italy equity market dropped exceed 24%, France CAC40 index lost 17.66%, Germany DAX index fell 15.4%, and Greece share drop close to 52%. The Asia share closed down 18% at first time in three years. From the evidence explored so far it is clear that European sovereign debt crisis made the worldwide equity market going down. From the situation of global equity market 2011, it can be clear that before the third quarter the global equity market trend was all kept rise. But they all going down in march. Because of rising power is not enough, the stock trend of the second quarter was shock. The third quarter fell sharply to last year, even the year before last year level. At the fourth quarter, European and US equity markets went into shock. In contract, Asian equity markets still down. Besides, European sovereign debt crisis influenced the equity market of China. Those influences can be divided into two main ways. The one way was to cause the export decline and then influenced enterprises profit. Another one was to enhance the ability of financial market risk and then reduce the equity market value. So far the impact on exports has been quite obviously, corporate profits also have the big drops. As a result, the share price fell sharply. It can be argued that European sovereign debt crisis made the equity market of China decline. Interestingly, the situation of global equity market in 2011 was good. Even the strong American equity market only barely flat at the beginning of the year. And the level of European equity market and the Asia-pacific equity markets are lower than early 2011. Besides, the downgrade of the U.S.s triple-A credit rating made the whole years stock down. The evidence explored so far indicates that European debt problem always affects the equity market, plus all kinds of natural disasters and major factors making global equity market weakness. Overall, European sovereign debt crisis made the global equity market weakness. And also effect on the economy a lot. First, the debt crisis will plague the European economic growth for a long time, and restrictive the world economy; Second, if European sovereign debt crisis worsening, it will make the demand of European consumers pay and trade ability down; Thirdly, as the Greek unable to pay lending made them face economy collapse. Also, if Spain, Portugal and other countries cannot succeed through this debt crisis, will certainly effect on the EU economy and even the world economy. Based on the great harm the economy got from the debt crisis, this would affect investors confidence and passion. So the equity market must be weak. From the evidence explored so far it is clear that European sovereign debt crisis cannot be solved in short term. From the recent development of European sovereign debt crisis, Greece is hard to get out of euro-zone. And Spain banking problem become the new risk issue of the European debt crisis. At the same time, Italian bond yields continued to rise. It can be predicted that the debt crisis is hard to improve in the short term. In the long term, to solve this crisis not only depends on external assistance, but also depends on the crisis countries themselves. Previously, these crisis countries over-borrowing and over-pending was one of the reasons caused this debt crisis. Moreover, their government did not make the right policy to guide them. And even played a catalytic role in the wrong direction. Thus, the euro zone must be more cautious, strict and perfect on the aspect of instituti on building, rule-making and policy implementation. It could be suggested that the EU countries should join together to help each other. Especially to provide financial support for the debt-troubled countries. Beside, the debt-troubled countries should cut expenses and reduce the government budget deficit. And try to improve the economic environment for help themselves get out of the debt-trouble.