Labor Market Research Paper Example | Topics and Well Written Essays - 1000 words - 1

Labor Market - Research Paper Example It is evident that the effect of selecting candidates from international culture is going to affect the corporate culture of the hotel. The cross-culture in the hotel can bring in positive responses in terms of drawing more customers or pleasing international customers who visit the hotel from all parts of the world. It can be stated that US is largely lagging in keeping up with its ethnic candidates. Due to this mixed-cultural foray of candidates, sometimes misunderstandings or communication problems may take place. The youth is also considered eligible for these jobs. Candidates who possessed an advanced bachelor’s degree were more preferred for higher posts such as in the managerial position of the hotel. For entry level positions, a minimum of bachelor’s degree was essential for the candidate to have. Those who were college graduates they got more jobs but not the specialized jobs. People who are proficient in languages are given more preferences. â€Å"According t o the AFL-CIO Working for America Institute, 21.8 percent of hotel workers in 2000 were Hispanic, compared with only 11.3 percent of all U.S. workers. Other target populations include older workers and individuals with disabilities, which are currently underutilized in the workforce.† (U.S. Department of Labor, 2006, p10). ... The United States is a high receiver of immigrants who possess low-skills and are fit to work in hotels. It can be found that the hotel industry represents the highest absorber of immigrants than any other industry in US. The majority of working population in the hotel are generally low-wage workers, do not possess high qualification and thus come from a multitude of migrant workers group who are mainly Asians or Hispanics. (Lerman and Schmidt, n.d) Demographics: Immigrants are almost half of the population which have selected for the jobs. The Asian and Hispanic people are found to be coming more in the hotel industry. The main age group of 25 to 54 years old has been mainly absorbed in the hotel. The ethnicity of the US people fails to reflect in the hotel industry. A distressing factor about the shifting ethnicity is the prospective blow to the structure of education of the workers. Hispanic workers have little educational qualifications of any major ethnic group.   Thus, unless Hispanic youth and immigrants raise their educational attainment, their growing presence in the job market will lower the educational base of the labor force at the very time when the demand for skills is continuing to increase. But the growing share of Asians in the labor force will moderate this trend, since their educational attainment is higher than the rest of the workforce   (Lerman and Schmidt, n.d). Educational Background: The positions that are open in the hotel for the candidates, call for varying education and training necessities, starting from on-the-job training to bachelor’s degree programs. The candidates who have been selected to work in the hotel are mostly young people. The people who have been appointed for the front desk or other clerical positions,

The General Ulysses Grants Union Research Paper

The General Ulysses Grants Union - Research Paper Example Further, the African Americans’ contributions made a huge impact on the lives of all African Americans starting from 1861 until today’s 21st century. The war focused on the possibility of forcing the Southern states’ white Americans to free their slaves. Many African American soldiers received their share of the Medal of Honor. The African Americans were granted freedom after the war. The African American slaves were happily discharged from their Southern White masters. The present-day beneficiaries include Singer Mariah Carrey, President Obama, and L.A Lakers’ basketball star Kobe Bryant. Â  Furthermore, there are many unanswered queries to be researched. One of the questions is: what would have happened if the Confederate leaders had won the Civil War? Second, do the current African American residents of the United States feel they are on equal status as the White Americans? Third, another research should answer the question: Do the African Americans have better fighting abilities compared to the White Americans during the American Civil War compared to the white Americans? Â  The slavery issued triggered the American Civil war. The Republican Party’s President Abraham Lincoln spearheaded the political party’s ideology that all men should be treated equally, espousing the emancipation of the African American slaves. The Northern states espoused freeing the slaves. The Southern States opposed the freeing of the slaves. Both sides of the war used African Americans to help their causes. The General Ulysses Grant led the northern states’ Union army. General Robert Lee led the Southern states’ Confederate army. Both sides of the war experimented using African American soldiers and civilians in their war campaign.

Solutions to Rent-Seeking Research Paper Example | Topics and Well Written Essays - 3500 words

Solutions to Rent-Seeking - Research Paper Example Third, NIE is reform oriented, seeking to change the institutions that it studies and through them the greater society at large. Different from other socio-cultural philosophies, NIE seeks validity in judgment through cost/benefit and traditional economic methods based in statistics. Whereas traditional economics may be considered the logic of the status quo in modern society, NIE retains a challenging and critical force using economic theory and analysis to promote reform or change in institutions. The institutions themselves may be public, private, corporate, governmental, educational, non-profit- all can be analyzed equally through the principles of NIE and from this research change in business practices, governmental policies, and industry regulation may result. Arguably, this is the positive social role for economics in modern societies, and contextualizes NIE in a relationship with a progressive view of society and societal evolution. The foundational research for NIE was conducted by Ronald Coase, Douglass North, and Oliver Williamson. â€Å"Institutions frame behaviors and exchanges in markets, business networks, communities, and organizations throughout the world†¦ The fast-growing field of ‘new institutional economics’ (NIE) analyzes the economics of institutions and organizations using methodologies from a wide range of disciplines (including political science, anthropology, sociology, management, law, and economics).† (Brousseau & Galachant, 2008) Having defined New Institutional Economics, this essay will examine the work of Ronald Coase as paradigmatic of the NIE school of thought, and show how it creates the ground for Gordon Tullock’s research on rent seeking. From this basis, the essay will examine current events as transpired with the recent â€Å"Wall St. Bailout,† estimated to have cost the U.S. taxpayers between $4 and $15 trillion

Interest Rate Options Essay Example | Topics and Well Written Essays - 1000 words

Interest Rate Options - Essay Example As the paper delcares a common example of this bond is, the Treasury Bond Futures Option. Others are Treasury Notes Futures Options and Eurodollar Futures Options. The Treasury Bond Future Options is priced at 1/64th of 1% of the Treasury Bond face value; the Eurodollar Futures Bond is calculated at 0.01 basis point value being equivalent to $25. It is to be noted here that the interest rate futures prices are indirectly proportional to the bond price increases or decrease. This report discusses that Black’s model is a mutation from the Black Scholes Model, which uses the rate of interest as the base for pricing the options. The most important factor is that it functions on the assumptions that â€Å"a key market variable will be lognormally distributed at a future time†. When Black's model is used to value the price of European interest rate options, the worth of future price of V for a contract maturing at time T, is usually set equal to the forward price of V rather than its futures price. This is more theoretical than practical since in this case you will have to assume that the rates of interest also remain constant while discounting over the same period of future, which is definitely not the case. This is an option which has pre-determined selling price and time. This value is determined based on the Black’s Model assumptions, that the price is lognormal at the pre-fixed time in the future. The value of the bond option can be worked out with the following equations using the Black’s model which sets Fo equal to the forward bond price.

Structure & Strategies for success Coursework Example | Topics and Well Written Essays - 1000 words

Structure & Strategies for success - Coursework Example The matrix organization will use the teams of employees to accomplish the set work and take advantage of the strengths and make up for the weaknesses of functional and decentralized forms as we are providing more than one product and service. A strong or project matrix will be adopted where a project manager will be responsible for a particular product. Functional managers will provide technical expertise and assign resources as needed. The format used in the organization will ensure successful implementation of the organization’s purpose and function. The organization will be led by a Chief Executive Officer and will have seventy five employees. Under the executive officer will be the various departmental heads. The organization will have six major departments which include; Product Management, Information and Communications Technology, Research and Development, Sales and Marketing, Finance and Human Resources. Under product management each product and service will have a lin e manager and staff under him or her who will be in charge of all operations of the product from its development to the distribution to the customer. Each product or service will be handled as an independent item but may be combined for promotional purposes. The chief executive officer will oversee the overall implementation of the organizations goals and objectives. The chief product management will ensure that all products and services are developed to the satisfactory of the customer. The chief information and communications technology will handle the needs of the company as well as work in liaison with research and development department and product management in coming up with new products or improving existing ones. The chief research and development will ensure continued innovation of products and services and enhancement of existing products. Chief sales and marketing will be responsible for the marketing of the products and achievement of sales targets set. The chief financ e officer will be in charge of the organizations budget; revenue, costs and expenses while the chief human resources will be in charge of the personnel or work force. Organizational Structure CCC Marketing Strategies for success Strategy is the direction and scope of an organization over the long-term (Johnson & Scholes 17). The company’s strategic plan will help determine where the organization is going over the next five years. A goals-based planning will be undertaken and will focus on the organization’s mission, vision, values and goals and will be adopted by all departments to ensure success of the organization. Strategic planning will be conducted at least once a year to facilitate setting of goals in the coming year. Factors that will be considered in the strategies for success are the products, price, place, promotion, people, process and physical evidence. Products and Services The company is offering a wide range of products and services which include satel lite dish and broadband set up for home and business, IP phone set up, Pdq (credit card machine), satellite television and satellite networking. The products are functional as need for internet use is paramount and on the increase both from home and office. Cable television is also in high demand. Support after installations will be offered for the client and warranty for the equipment will also be given. Price and Place The products and serv

World Povery Causes and Role of Foreign Aid Essay

World Povery Causes and Role of Foreign Aid - Essay Example However, this development is seen only in the developed countries. There is a strong reason behind it. The developed countries have resources, education and most importantly money. They have all the factors which are necessary for a normal citizen to fulfill his needs. On the other hand many countries of the world are struggling with the issues of overpopulation and unemployment that eventually cause poverty. The cause of world poverty are many but it has been unveiled that the foreign aid provided to the deprived countries is usually not sufficient enough to fulfill their basic demands and thus inefficacy of foreign aid has evolved as one of the major factor behind the world poverty. Everything has a side effect and in the same way, the overuse of these resources and foreign aid by the developed countries tend to leave less for the other under developed countries that then face poverty. Poverty is a problem that cannot be solved instantly. It has to be a combined effort of everyone working together. However, before the solutions, there has to be proper knowledge about the main causes of poverty. There are many causes, big or small, that result in world poverty and give rise to the many problems caused by poverty (Bauer, 1992). Firstly, the main cause of poverty is overpopulation. When there are limited resources and too many people, it becomes hard for all the people to benefit from those resources thus causing poverty. This can be applied to many of the cases such as places to live. If there is limited property, it is obvious that the elite class will get the chance to utilize the area as they can afford it. The ones who are left unsheltered are the ones attacked by poverty. Overpopulation is closely linked to the literacy rate. Literacy rate plays an important role in managing the poverty levels of a country. If there is a low literacy rate, there will be less people to earn and fulfill their demands. The illiterate people are, however, engaged in agricultur al activities that can never fulfill their needs for a comfortable life. Illiteracy results in high birth rate, and thus more need of limited resources. The developing countries have more urban areas where the environmental degradation causes poverty as these areas have shortage of clean water, food and shelter (Mitchell, 2007). Another cause of poverty closely linked with the literacy rate is employment. In many developed countries, life is getting too fast like technological based. They use manufactured goods so there is less demand for natural resources. In developing countries, the people employed for the extraction of natural resources need to be highly professional, again leaving behind the illiterate population. Moreover, these employees are paid less wages with which they can only support their basic needs. Apathy is another major problem in poor countries which leads poverty levels to rise. The people feel so powerless and hopeless that they refuse to improve conditions, fi x problems and judge between right and wrong. When they see someone in their family or society rising above or trying to make a change, they get jealous and discourage them. This results in tension and suspicion in the society. An individual or a group of people feel so helpless that they start to depend on help from outside and forget about making a change on their own. Ignorance is another major factor as lack of education is the trigger that leads to poverty. The main contribution in the increase of poverty levels is from the government. The government of developing countries has become powerless. The government is influenced by the external influence of rich people who formulate the

FINANCIAL MANAGEMENT - Marks and Spencer Essay Example | Topics and Well Written Essays - 4000 words

FINANCIAL MANAGEMENT - Marks and Spencer - Essay Example These principles revolve around the responsibilities of firm towards their stakeholders, customers and employee. With these principles different suggestions are provided, discussing that what extra should be included by the Hermes in its Principles. The paper ends with a brief description on conclusion. Marks and Spencer is the famous British retail chain with 760 stores working in more than 30 countries. This retail chain is the most iconic and recognized chain in the world whose 520 stores are serving only in United Kingdom. This store chain is famous as it is the largest clothing retailer and is consider being multi-billion pound food retailer. Recently the store introduces the homes wares including different wares for furniture's and other products. It was the tail of 1998 when this store consider to be the first British store who make pre-tax profit of one billion pounds but later it went into some crisis but by 2007 it start growing economically and showing high profit margins to their investors. According to Emilio Barucci , (2003) Financial management policies are the one that are used by the firm to know that how they should finance their business, what should they provide the shareholders in return, what would be their cost structure and how they should manage their capital structure. This may include various structures that are taken in consideration to know that either the firm is acquiring better financial management system in the firm. Hermes is famous for its principles specially taking shareholders in consideration. Below Marks and Spencer financial management policies are seek by the researcher to know that either they are in accordance with Hermes principles or not. Financial Management Policies of the store Agency theory Thomas E. Copeland, John Fred Weston, Kuldeep Shastri, (2005) argued that agency theory of the firm includes the profit sharing, efficiency wages and performance measures. The agency theory of marks and Spencer is in accordance with the principles of Hermes. Today 290000 shareholders are present with marks and Spencer and the reason is that they are provided with effective return on their investments. Taking full care of the employee's, the employee's are provided with 500 pound bonus provided to each single employee on their performance. This bonus providing enhances the loyalty of the employees. When taking profit sharing in consideration than the firm ensures the stakeholders that they will be provided with maximum profits, and the reason is that they want to keep their stakeholders with them at long-term basis. The firm is providing efficient end results with the food retail shops as these are earning highest. Moreover, the firm has launched the performance measuring system to kn ow that what they can do more to increase the market performance of the firm. The agency theory of the Marks and Spencer is in accordance with Hermes but the only thing that they lack is efficient performance measures. According to Jean-Pierre Danthine, John B. Donaldson, (2005)the performance measure of the employees and their policies must be used to now that what are their actual performance. Marks and Spencer is dealing with more than 700 retail stores and thus measuring each employee performance would be difficult, but by