Personel Recruitment and Selection Assignment Example | Topics and Well Written Essays - 1000 words

Personel Recruitment and Selection - Assignment Example Most often the clarity in the job scope and the requirement visualized by the immediate Manager might not match with the final draft that goes for recruitment. It is critical that this is paid adequate attention. 'Recruitment is the process of identifying that the organisation needs to employ someone up to the point at which application forms for the post have arrived at the organisation' (MBA Publishing 2005). Defining the job requirements and the nature of person who will fit into it is the first level of work that has to be carried out. The date on which the resource is required and the nature of responsibilities that the person needs to take over are to be clearly defined. Based on the requirement specification detailed recruitment documentation is done. In the HR department similar requirements from various sources are pooled together and a common recruitment is done. Based on the recruitment documents an acceptable time scale is fixed for recruitment and selection. In line with the recruitment specifications, either the standard application form or a specific format that fits into the needs of the current situation is created along with the promotion. Once these documents are cleared a comprehensive document for advertising or any other media for recruitment is used. In response to the advertisement, applications are received from the respondents to the advertisement. These applications are then processed using the selection criterion. The important exercise in the recruitment is fixing the needs and the specifications for the job. If this is not in order, the entire process could lead to an unsatisfactory situation. The documentation will also specify the initial short listing criteria for the applications and other selection criteria that would help in filtering and identifying the candidates for the position required. Selection Process The selection process starts with the applications that are received. Initial short listing conditions as specified in the recruitment documentation are applied on the received applications. 'Selection then consists of the processes involved in choosing from applicants a suitable candidate to fill a post' (MBA Publishing 2003). In line with this process, the first level of filtering is done at the application level. Only those applicants who fit into the requirements and the initial screening conditions are then called for the interviews. The interviews are conducted as per the specifications already laid down in the recruitment document. This would ensure that the requirements of the job position are met. The interview will be conducted by forming the right kind of interviewing committee who would have to ensure that the requirements are met and the person selected has the right kind of technical and personnel skills. Interviews are used to check whether the candidate meets the requirements of the specifications document; to cross check whether the person is what he claims to be and the nature of the person and his attitude towards work. In addition to these, it is also important that if he does not match the requirements of the Recruitment document, then in what way and what are the additional training that has to be provided so that

Literary Analysis Essay Example | Topics and Well Written Essays - 1000 words - 2

Literary Analysis - Essay Example The fact that everything is red is something Carson brings and uses. Everything about Geryon is red, as well as everything in Autobiography of Red. What does red mean? Is the book a personal history of the color red as composed by Anne Carson? Not likely. Red is a striking color, more striking than dark, or chestnut, or blue. Red is striking and peculiar and, accordingly, red is the ideal illustration for difference, which Carson uses throughout Autobiography of Red to convey Geryons part as an outsider, a test to the hetero-narrative. Geryon had, what most would say, a bad youth and, likely, a different one from his peers. His mother was well intentioned, however pointless, while his father was mostly absent. Geryons older sibling sexually abused him. Geryon was red even in his adolescence, as was every little thing about him, from the "red silk chalk" utilized by his instructors to the "dull pink air" that encompassed his home (Carson 26, 36). In Geryons personal history, he set down the facts believed about himself, above all else of which is that "Geryon was a monster whose every little thing about him was red" (Carson 37). Geryon was such a different individual, to the point that he would not take the conventional route to his classroom at school. He would stroll to the most distant end of the building and "stand still until somebody inside noticed and turned out to show him the way. He didnt move neither did he knock on the glass but little, red, and upright he held up† (Carson 25). When he was far fro m his peers, he stood and waited to be included in their games or activities. He was commonly known as the different one, the other. Having a contemporary hero who is actually red is, to a degree, a different thing from what people are used to. Yet, what difference is using red, as an analogy, if yellow or orange would work and are additionally striking shades? Geryon must be red or the analogy, primarily,

Intentional Torts to Property and Defenses of Intentional Torts Essay

Intentional Torts to Property and Defenses of Intentional Torts - Essay Example Intentional torts always refer to such wrongdoings intentionally directed to one party to inflict pain, cause harm or injuries to the other party. In connection to the above, it is important to acknowledge the fact that there are several types of intentional torts. These may comprise of battery, assault, false imprisonment as well as frauds. In addition, intentional torts may always take the form of trespassing, as well as invasion of privacy. Other than intentional torts, other types of torts include negligence and strict liability torts (Emanuel, 2009). Negligence torts always take the form of failure of a person to act in a manner that demonstrates careful attention to the affected party, thereby making the other party sustain injuries and harm that could have been provided if good care could have been observed in time (Okrent, 2010). Strict liability torts assume the nature of negligence torts. In strict liability torts, the offender may be responsible for the damages and injurie s sustained by the plaintiff even if the offender was not negligent. This paper is going to identify some of the intentional torts and possible defenses in the provided hypothetical scenario. In the hypothetical scenario, there are different types of intentional torts evident. Invasion of privacy is one of the types of intentional torts in the hypothetical scenario. This is evident when John grumbles at Leroy when Leroy ordered for a drink. In this instance, John warns Leroy to mind his own business yet Leroy had nothing to do with him. The second type of intentional tort evident in the scenario is the assault. This is evident when John shouts obscenities at Jane. In addition, he also grabs Jane’s wrist in a manner that shows he can inflict some pains on her. John also verbally assaults Leroy by telling meddling into his own privacy by telling him to mind his own businesses. Trespassing is also another type of intentional tort that is

What it Takes to Become an Oracle Database Administrator Research Paper

What it Takes to Become an Oracle Database Administrator - Research Paper Example It is evidently clear from the discussion that an Oracle database administrator needs to be a certified database administrator from some institute. A formal training course is the most suitable way for a database administrator to develop the knowledge of Oracle database administration. There are many oracle-training institutes present all over the world, which provide good training in data administration using Oracle. â€Å"An Oracle DBA is one who is professionally trained to work on several of Oracles software products, utilities, and tools†.  An Oracle database administrator needs to be experienced and proficient in handling large amounts of data. Oracle is one of the largest software companies, which designs software products that can be used to manage different business activities in an appropriate way. A database administrator must be skilled in using those software products. Another important skill that an Oracle database administrator must possess is the problem-solv ing skill. The administrator must be able to solve day-to-day problems related to management of different business processes. Apart from problem-solving skills, an Oracle database administrator must have a science and mathematics background because both of these subjects assist an administrator in using the Oracle software products in an effective way. The knowledge of science and mathematics is extremely important for the Oracle database administrators as it helps them deal with different software products effectively. A degree in computer science will also be very helpful for the people who want to become Oracle database administrators.

Why military leaders need Critical and Creative Thinking to be Essay

Why military leaders need Critical and Creative Thinking to be successful - Essay Example Todays military leaders are constantly compelled to act as "out of the box" thinkers. Such statements give the impression that the only comprehensive solutions are those that have never been conceived. However, what a professional military education system (PMES) as well as the military really endeavor to produce are leaders that have strongly critical as well as creative thinking skills (Hbr 1). Both indirectly avoid the idea that the box even exists. Todays organizations function in what the U.S War College describes as a VUCA setting. Volatility, complexity, uncertainty, and ambiguity are continuous realities within the 21st century. The military tries to prepare for challenges it could probably face by creating realistic training scenarios as well as routinely adding such activities into its ongoing operations. The objective is not to teach them what to think, but to develop their ability to think creatively and critically about the number of contingencies posed by a dynamic environment—in essence to educate them how to think appropriately. The expression "professional military education"(PME) shows the duality of the system. It is intended to both increase the military’s professionalism as well as educate it. These are related as well as overlapping goals, but they are not similar. Professionalism means that the military leaders share both an amount of knowledge directly associated with their mission and ethics. While education implies a widening beyond the limitations of knowledge directly associated with the mission and the advancement of critical and creative thinking. Good decision making is one of the traits together with good leadership that is significant when it comes to command. Critical and creative thinking also has significant consequences for group dynamic skills as well as quality control. Critical and creative

Autism Spectrum Disorders Essay Example | Topics and Well Written Essays - 250 words

Autism Spectrum Disorders - Essay Example This research will begin with the statement that Ð ¨n an ideal world, most families will have no stress no matter what situation gets in their way. However, most families with children with autism spectrum disorders become more stressed compared with families with typically developing children. Baron-Cohen and his colleague's article support that both parents of the children with ASD report significantly elevated stress levels compared to those with typically developing children. For one to understand the research content, it is significant to define the autism spectrum disorder. Autism spectrum disorder refers to a term that describes autism and four other disabilities affecting individual’s ability to communicate, socialize, and respond to individual’s environment. The spectrum usually gets diagnosed before age three. Autism is a spectrum disorder since children can have diverse characteristics or symptoms that affect them from mild to severe range. Some of the chara cteristics include the delay in social interaction and communication, repetitive body movements, obsessions over certain objects and having specific rituals and routines. ASD tends to affect mostly the males compared to females. Currently, it is reported in Autismspeaks.org (2010) that in every 110 children, one is diagnosed with ASD and every 70 boys there is one with ASD. Additionally, there are no known ASD cures. However, there are several treatments that lessen the severity of the autism. Usually, people tend to think about the children diagnosed with ASD, and no one tends to think about the impact that the diagnosis has on parents. Often, parents with children diagnosed with ASD go through an emotional experience. The parents go through the thoughts of thinking that their child is perfect to think that their child has an incurable disorder that may affect every aspect of the child’s life. Hence, parents should learn how to cope with the situation after the initial diagn osis.

Fair Value Accounting Essay Example for Free

Fair Value Accounting Essay This paper attempts to answer the questions: Is Fair Value Fair? In so answering the question there is a need to determine whether the use of fair value accurately portray the value underlying financial and economic transactions; to determine whether there is basis to have one universal standard of valuing the assets and obligations of all firms; to find out whether accounting standards would allow for both historical and fair value and still produce meaningful information for decision making; and establish one is more important between relevancy and reliability and whether one’s the importance each depend upon the financial user. 2. Analysis and Discussion 2. 1 What is meant by being fair? To be fair means giving what is due to a person. If applied to an asset purchased or liability assumed in business, fair value would simply mean that said asset or liability is neither overpriced nor underpriced as a matter of perception. Under the law of economics, fair value would refer to that market price which is approximated by the equilibrium price of a thing or good, which is the value of the something from a seller that is not forced to sell or from a buyer that is not forced to buy. In a business transaction there are always are investors, creditors, and other persons who must get their due in transactions that they will enter into. An investor will know what is fair if the person or entity will earn just enough return above cost of capital and in exchange for the risk that such person or entity is taking. The same must be true with a creditor that the person must also get paid on time on his credit plus a sufficient return for the risk in form of interest and penalties. In terms of viewing the corporation as a business entity, what is fair to it is what will allow it to have a sufficient return for the risk that it is taking above its cost of doing business or cost of capital. To arrive at what is fair the investors and creditors who are called users of financial information, these users must know the true or accurate information about of the company so that they will know whether they are going to earn or lose and make the necessary decision whether they will sell, buy or hold to their investments. In other words, to have the chance of being treated fairly from a transaction, one must have the opportunity to have the true or accurate value of asset or liability being dealt with in a business transaction. The opportunity is thus normally supplied by financial reports prepared by companies and which are made public. It is in these financial reports where values whether fair or historical are reported in accordance with prescribed accounting standards that may come from the Financial Accounting Standards Board (FASB) in the case of US companies and IFRS in case of companies operating in the European Union and in other countries which have adopted the IAS or IFRS. Fair value accounting was made pursuant to FAS 157 as issued by US FASB for companies to reflect the accounting information on how much are the real values of assets, liabilities and equity in the balance sheet as contrasted with presenting the information using the historical cost accounting. The purpose of FAS 157 then was built on a framework whereby financial users are given the chance about the true state or fair value of assets, liabilities and equity for decision making under the impression that things will be fair to users of financial information about a company. Incidentally, FAS 157 defines fair value almost very closely to what was discussed and analyzed so far. It is the price that would be received â€Å"to sell an asset or paid to transfer a liability in an orderly transaction between market participants in a measurement date† (Sortur, 2007). 2. 2 Does the use of fair value accurately portray the value underlying financial and economic transactions? To the extent that fair value concept is discussed so far, there is the presumed proposition that the use of fair value will accurately portray the value underlying the financial economic transaction. As to whether this is true, this subsection will have to evaluate the subsequent result on what happened upon the application of 157. In the case of banks, there are those who have to write down the value of assets because of their perception that values have declined due to existing market conditions (Chasan, 2008: Rees-Mogg, 2007). The economic effects however were not favorable to affected interested parties since this action of the banks has produced a backlash. Investors of these banks have lost values of their investments. As a result, the banks have become more risky and depositors lost their trust too in the banking system. If indeed the banks were just reflecting the true values of the assets, how come the reaction of these banks as matter of complying with the requirements of the FAS I57 was not good for many of the affected parties? Would it proper then to deduce that the application of FAS 157 is not fair or that FAS 157 fair value is not fair? If the answers to both of these questions are in the affirmative, then this would have the connotation that what is unfavorable to others is not fair. But how if the values being reflected in the write down are indeed the true values, would the fact that users of financially information get adversely affected make the FAS 157 not fair any more? It would seem that it would be not correct to say fair value accounting or the use of fair value will not be fair if users get affected or have the perception of not getting what they feel or perceive to deserve even if the information is indeed accurate. Otherwise, fair value accounting would be equated with sure profits which could never be within the contemplation of the use of information in decision making. Being fair therefore must first and foremost be characterized to represent the true and accurate information and consequence would be justified by such quality of information. To answer squarely whether the use of fair value accurately portray the value underlying financial and economic transactions, this paper would have to answer in the affirmative. Based on foregoing analysis the FAS 157 aims to reflect the values what would approximate the market price since it is â€Å"the price to sell an asset or paid to transfer a liability in an orderly transaction between market participants in a measurement date† (Sortur, 2007). FAS 157 fair value is therefore the result of the business transaction using the exit price (Sortur, 2007) and is determined by the buyers and sellers in the market. It is therefore not the job of FAS 157 to create what is unfair but would have only to reflect the true values of assets or liabilities that would have to be reported. Therefore, fair value accounting or the use of fair value must be upheld to be fair if it would reflect or would cause the reflection of what are true values. Indeed, it must be the capital markets or the buyers and sellers who will determine the market value or fair value and not the accounting standard. The only role of the accounting standard is to cause its reflection in financial reports of companies because of the requirement to make public their financial statement to investors which would reflect the fair values of assets and liabilities. There is argument that the intention of 157 Accounting rule FAS 157 is good but one cannot prevent people from taking advantage of the new rule to what could further their interest. It is further argued that in whatever one would like to look at it, the generic thing about business is still the desire for profit by which people are motivated with their personal interest to get more wealth (Brigham and Houston, 2002). In response, the use of fair value does consent to allowing people to be taken advantage but cannot prevent those who would want to and those who do not know how to process information for decision making. If the banks which wrote down asset values are indeed taking advantage of the use of fair value accounting, it is still the transactions between the previous buyer or seller that have caused the reaction which started it and the role of accounting standard is just to reflect them (Meigs and Meigs, 1995). If the requirement to report what is happening is unfair, what will then be fair? Chasan (2008) narrated about some investors expressing their doubts on the effectiveness or fairness of fair value accounting method used especially in the context of evaporating markets caused by the financial crisis. The author however admitted that the use of FAS 157 as an accounting standard was made to improve transparency to investors. Citing big write-downs being made big companies like Citigroup and Merrill Lynch Co Inc. which has made multibillion-dollar reductions on subprime-related asset-backed securities and other assets described as hard-to-price assets, the issue of whether fair value is still fair has become a controversial question (Chasan, 2008). The argument being asserted is about the volatility of being caused the use of fair value. Rephrased simply, can fair value justify the volatility? Volatility is a term used in business which connotes changes in market prices and which causes risks to investors (Droms, 1990; Helfert, 1994). It is feared that with the desire to create transparency, increased risk from the use of fair value is coming out as a result. To resolve the issue, the previous answer to the question on whether the use of fair value could justify big losses if what is being reflected or reported about company values are still true, would in effect cover the issue of volatility being blamed on the use of fair value. Hence, this paper believes, that fair value which stands for what is true must be upheld as argued earlier. There are concerns that because of volatility caused by the use of fair value accounting, the money makers would just be benefiting hedge funds since they are those to profit from volatility (Chasan 2008). In answer, it could argued that such is the nature of fair value accounting, to allow the market forces to move freely without people being compelled to enter into buying and selling transactions. If there are losers, there are also losers and they are part of the process. It is also argued that those who are complaining about the effects of credits being blamed on the use of fair value accounting are investors or groups of them, who may have been instrumental in pushing for the shift to fair value accounting. One of these groups is called the CFA Centre for Financial Market Integrity, with analysts and portfolio managers composing the group (Chasan 2008). The group and other groups 2007 had their aggressive lobbying to use fair value more in financials. These investor groups could not be only be winners in a market transaction, they could also be losers sometimes; otherwise the market is not operating efficiently. 2. 3 Should there be one universal standard of valuing the assets and obligations of all firms? The issue of whether there should be universal standard for valuing the assets and obligation may be very ideal since when one now talks of universal fair value as a universal standard for example, one will have to consider macroeconomic conditions of the different companies in the world. Since not all nations are similarly situated, at least economically, there is the strong probability that universal value could not be implemented. The question is being propounded to help in setting what is the fair value in accounting like the universality of human rights. However its impracticality will prevent the attainment of the objective. Accounting values are not human rights. Another thing is the difficulty of measuring the risks in business in different countries which are factors in determining the cost of capital of doing business. The difference in risks depends upon many factors including macroeconomic conditions which are affected by political developments. In answer therefore to the question, it will have to plainly say that the vision of universal standard is laudatory and this could be a part of an approximate desire to the internationalization of accounting in many part of the world. There is the plan to harmonize all accounting standards in the world. The FAS 157 definition was actually made part of the plan of IASB which makes IFRS, to adopt the former for the use of those using the IAS or IFRS (Sortur, 2007). In other words, efforts are made to approximate universality of standard in valuing the assets and obligations of all firms but its realization could only possibly become when the time will come for a universal government. 2. 4 Can accounting standards allow for both historical and fair value and still produce meaningful information for decision making? Accounting standards are in effect guides to users to help users make informed decisions in business. Having both historical and fair value must strike the balance of getting to the extreme of having one and disregarding the other. In other words, one needs to know what is historical for comparison to what is fair value or market value to make an informed judgment. Accounting standards must then work for the attainment for the creation of balance between the two values. As to whether the accounting standards can allow for both historical and fair value and still produce meaningful information for decision making, is answered again in the affirmative. This can be tackled better by breaking the given statement into two propositions first and then combine them latter. The first proposition would be declared settled in the fact the accounting standards can allow both historical and fair value together. The second proposition is that the use of both will still produce meaningful information. This first proposition is accomplished since the practice have been done for a long time already since in the case of valuing of inventories, accounting standards allow the valuing them of lower of cost or market under the IAS 2. (Deloitte Touche Tohmatsu, 2008). The fact that inventories can be valued at cost means the historical cost is maintained but requirement of presenting the fair value of inventory if it has gone down in the market is also a part of the standard which in effect allows the working of fair value concept. There are other IAS concepts which allowed fair value accounting and historical value accounting. Thus this section is not much of a problem. The second proposition appears to also to have been fulfilled by the use of IAS as illustrated. More meaningful information is in fact reflected by allowing a combination of fair value and historical cost in the valuation of assets and liabilities of companies. By combining the validation done is confirming the application of two proposition, it could be sufficient to strongly answer the question in the affirmative. 5. Relevancy and Reliability: Is one more important than the other, depending upon the financial user? Both relevancy and reliability are requirements for qualitative characteristics of accounting information. Forcing one to be is more important than the other would be asking the wrong question if the objective is only to determine whether preparing financial information using their fair values is fair. In fact to say that an information must be relevant carries the presupposition that the information must also be reliable. This is on premise that reliability connotes objectivity of information which is very much akin to being truth or fair. Information is relevant or has is relevancy character if it influences one’s decision about a particular issue. On the other hand, reliability deals with the objectivity or accuracy of the information. How could a decision maker consider information as relevant when there is no reliability of the information? On the other hand having reliable information would be of no value if the same is not needed in the decision to be made. The two characteristics must therefore go together. 3. Conclusion The issue of whether fair value accounting or the use of fair in accounting for company assets and liabilities is fair must be answered in the affirmative. What is fair is not what has caused much damaged to a person or entity if such damage was a result of failure to follow the basic rules of making investment. The effect of fair value should not be used to allow one to just justify greed while disregarding the rights of others. A loser under a fair value accounting is comparable to a person who is taking too much risk thus the return could also be high but could be low because of the working of the market. As long as buyers and sellers are not being compelled to complete their transaction, fair value is still fair. Fair value accounting will lead to the truth but its value will also depend on the users of information after they have done their roles in the market. The user will still need to make a comparison with what is historical and what is the current fair value as caused by economic conditions. Present accounting standards have caused the reporting of both kind of information but users must also be intelligent in doing their part. Fair value as a concept in accounting standard was just made to correct the apparent failure of purely historical cost accounting. If fair value accounting is fair, it does not imply that the standard must go back to historical accounting but historical information must still be reported and allow the user to make a difference in how to process the information. Since fair value and historical cost could co-exist together, the same must be the better option as it will provide a balance between historical and fair value accounting. References: Brigham and Houston, Introduction to Financial Management, Thomson-South Western, USA, 2002 Chasan, Emily (2008), Is fair value accounting really fair? {www document} URL, http://www. reuters. com/article/reutersEdge/idUSN1546484120080226, Accessed October 20, 2008 Deloitte Touche Tohmatsu (2008), Summary of IFRS for IAS 2, {www document} URL http://www. iasplus. com/standard/ias02. htm , Accessed October 21, 2008. Droms (1990) Finance and Accounting for Non Financial Managers, Addison-Wesley Publishing Company, England Helfert, Erich (1994), Techniques for Financial Analysis, IRWIN, Sydney, Australia Meigs and Meigs, 1995, Financial Accounting, McGraw-Hill, Inc, London, UK Rees-Mogg (2007), Why FAS 157 strikes dread into bankers, {www document} URL http://www. timesonline. co. uk/tol/comment/columnists/william_rees_mogg/article2852547. ece, Accessed October 21, 2008. Sortur (2007) Fair Value Measurement, The Chartered Accountant {www document} URL, http://icai. org/resource_file/96471564-1574. pdf, Accessed October 21, 2008. ]