Thursday, February 27, 2020

Management Essay Example | Topics and Well Written Essays - 750 words - 14

Management - Essay Example epartment should analyse and integrate the current processes and also the processes like recruitment, retention, employee development, leadership development, performance management systems, workforce planning, business culture etc. Recruitment is the process of placing right people at the right place at the right time whereas retention is the process of retaining the employees with the help of rewards and supporting systems. Employee development means the process of giving proper training to the employees whereas leadership development is the program for developing leadership skills among employees. Performance management systems collect the feedbacks about the employee performances and take appropriate strategies to sustain or improve it. Workforce planning is the effective utilization of the existing manpower and business culture is presenting a positive way of performing. Performance management systems are important both for the employer and the employee. If the employee feels that his performances were taken seriously by the organization, then he will improve his productivity and subsequently the organization will also benefit from that. A well defined performance management system may have elements of employee development, salary review, personal performance and business performance. Organizations can save a substantial amount of money retaining the employees and improving the performances of the employees. Talent management plan can also attract employees from outside also and more over it can help the organization in identifying the type of employees needed, areas needed to be improved and fine tuning of the business philosophies based on the changing trends. Thus both Performance Management System and Talent Management plan can work hand in hand to improve the overall productivity of an organization. The above article has strengthened my understanding about the necessity of performance management and talent management systems in organization. Even

Tuesday, February 11, 2020

Barclays bank Essay Example | Topics and Well Written Essays - 1250 words

Barclays bank - Essay Example Financial ratios are important in that they aid in determining the financial performance of the company, they also help to identify the strength and the weaknesses of the company, financial ratios include debt ratio, sales turnover ratio, return on assets, and return on equity gearing ratio, current ratio and price earning ratio. All these ratios are important but in order to identify the strength and the weaknesses of the company we need to identify the profitability, efficiency and the leverage of the company. The gearing ratio is a financial indicator of the relationship between long term liabilities and capital employed, it is an important indicator to investors, this is because shares in a financial year may earn dividends while in some years dividends may not be paid, it is also important to investors in that long term liabilities are in form of loans and that they need to be paid back with interest and if the ratio is not appropriate investors end up loosing finally share holders have voting rights while long term liabilities do not have the voting rights that are used in making decisions of the company. Therefore the gearing ratio shows the relationship between long term liabilities and it is calculated by dividing long term liabilities by the shareholders equity. ... 1685 27106 Because we derive the gearing ratio by dividing the long term liabilities by the total share holder equity we substitute our values as follows: Gearing ratio = 183,011/27106 = 6.75 Therefore our gearing ratio is 6.75, this means that the company finances more using long term debts than equity through sale of share, this means that the company has to pay interest earned by these liabilities while it would have been possible to raise capital through equity, therefore there is a problem of having to pay high interest levels for the debts and therefore the company needs to minimize the costs of debts by raising funds through the sale of shares. Dividend history: The following table summarizes dividends paid over the past 3 years, form the table it is evident that dividends paid have increased over the years: year dividends paid (million pounds) 2005 1894 2006 2215 2007 2559 The following chart shows the dividends paid by the company in the past 3 years: From the above chart it is evident that the companies dividends have increased, this is an indication that in 2008 the dividends are likely to increase, this is an indication that the bank has increased its profit levels and therefore it is likely that the dividends will increase in the future, therefore investing in this company is much more profitable due to the high anticipated divided levels in the future. Cash flow statement: We analyze the company's performance using the 2007 cash flow statement, according to this statement we will be in a position to analyze the financial position of the bank and also indentify the source of the high profits gained by the bank. Assets purchases: During the year 2007 there were major changes in the level of assets held by the company, the company