Impact of Employee Relations in Banks

Impact of Employee Relations in Banks Employee relationship management find conflict among employees as major drawback for organization to progress with its endeavors. Most of the time conflicts occur due to different cultures that people come from and less knowledge on Johari window way by the theory help people to work through their stereo types. Another reason for conflict is the of work, for example some employee are task oriented and other have artistic view and people oriented i.e. task oriented employee would want to finish the job in whatever manner but an artistic employee would prefer to do the job in particular manner or include certain individual. Employee performance and motivation problems Performance of the employee can play a major role for success or failure. Employees under performing would cost the organization fortune especially in a banking industry where competition is increasing every day. Employee poor performance could be caused by two main issues, first, is the employee skilled enough to handle the task? has the company motivated the employee in question enough to handle pressure the task present? and is the employee capable to do the job? Secondly, another cause is the system to do the task for instance managerial behavior, effect of coworkers behavior and resource distribution. http://performance-appraisals.org/faq/causesproblems.htm Unmotivated employee will not positively influence the performance of the banks. To bring about good performance everyone has to give all the effort to the organization and more importantly they should be motivated. Employee becomes unmotivated because the banks processes are too ambiguous hence providing a lot hardship, the bank is experiencing continuous conflict and behavior effect. Turnover and retention concerns This is another employee relation challenges that also especially banks encounter. Generally turnover causes are economic issue and labor market condition they affect significantly the turnover rate. But also non-competitive compensation, poor fit of employee and the job, very poor working condition and monotony increases employee turnover. Employee more often may seek for better green pasture to improve their living standard. Sometime some employee find the job to be too monotonous hence their morale goes down and as result affect the performance of the organization. Turnover cost for many banks are very high which include direct cost such as recruitment, selection and training of the new employees. Indirect cost include reduced productivity, increased of workload for remaining employee as they have to cover and overtime expense for the colleague. http://www.romeroconsulting.com/example_employee_relations_issues.htm Overcoming employee relations challenges For turnover and retention problems most banks conduct training on their employees so that for example the job becomes less monotonous and challenging. Banks that have low employee turnover they are said to be employee oriented and they come up with well compensation package they always hire the right people for the job. An interaction with the employees regularly is required so that the manager can understand they core problems. Distribution of right resource to perform task can increase performance of employees and reward systems can always boost morale of employees. The employer should come with new approaches and practical tips for the banks success. Employee relations in collaboration with human resource management can avoid conflict before they happen by understanding and identifying the strength and weakness of the employees. Employers should assign jobs to employees that fit their skill sets. For team conflict employer should pick a team leader who is capable to handle pressure that teammate present. Banks should see if the employees who are involved in conflict are affecting the performance and productivity of the organization, once the parties involved in the conflict are identified then it will be easy to solve problems. http://www.ehow.com/how_2076427_address-poor-employee-performance.html Advantage of maintaining good employee relation in banks There are advantages for organization good relationship with its employees apart from increase the general performance; the company will also enjoy the following. Reduced Absenteeism For many banks in Tanzania, they have managed their employees with authoritarian style whereby absenteeism of the employee will not be tolerated. This is because many banks in Tanzania are privately owned hence even the unions cannot bring total impact on any companys wrong doing. Therefore good employee relation will bring benefits to the bank by reducing the cause that mounts absenteeism such as continuous employee conflict and job satisfaction. Improving motivation and morale A good employee relation in banks would be able to increase motivation and morale. A motivated group of employee would be able to bring very beneficial result that most banks are always relishing to accomplish. By avoiding things that would discourage motivation this is a hard-working process but very crucial to the success of the business. We have witnessed most banks in Tanzania have provided their employees with a positive working environment. Also personal incentives always do trick of raising employees motivation and morale. Loyalty is increased Most banks in Tanzania have managed to gain loyalty from their employees as most banks have been able to install good procedure that suit employees specification. Employees would not be certain if they leave what they experience from other banks. Bank that trains its employees more often will be able to increase confidence of employees and hence increase their loyalty to the company. The bank would be able to get competitive edge if employees are engaged. Engaged employees would take less sick day as they know they influence in the organization. Reducing turnover Good employee relation will reduce the employee turnover as the employee issues that contribute to employee turnover are eliminated. Skilled employees who are not paid well would want to move on, but a good employee relationship management will not let that happen. The employee will be given what he/she needs since they are crucial to the banks performance. Employee relationship management would be able to have saved recruitment and selection cost that would come as result of high rate employee turnover. Losing the most skilled employees to competitors its like giving out your own gun to be shot with. Introduction of easy working practices Committed employees would feel unchallenged on the on the repetitive job each and every day. Monotonous working practice would reduce the performance of the employee as they do not feel motivated well enough. A good bank employee relation would introduce new and easy working practice more often. By doing this the bank would be able to increase the banks output. Additionaly, the new practice would be able to consider not waste companys resources. Hence employees will be more committed thus affecting the quality of service from banks and reduces rejections. http://www.citehr.com/1324-advantage-maintaining-good-employee-relations.html#axzz1BRG1N0zU Disadvantage of incompetent employee relation in banks Sometime most banks fail to tackle problems that relate to employee relation due to the following reason: Employee relationship management letting the union to get a lot of power would deprive the banks ability to succeed as the unions would control the organization position. After the company has realized what is happening then it will be too late. As we have learned that some trade union bring political agenda that they want to champion so that the society can recognized that there is a problem. Therefore employee relation should not union grow its power to influence the fortune of banks but acquire mutual interest for all parties involved. Banks that have set up employee relationship management will incur extra cost from the department. Sometimes employee relation does not live to the expectations in such a way that the problems that should be solved by it are still roaming within the organization. The division is supposed to monitor workplace challenges before the union does and solve them before they become a nuisance to the organization. Therefore any failure to tackle means unnecessary costs have been incurred by the banks. Single employer bargaining can be expensive because of the need to maintain a centralized employee relation. For single employer bargaining, there is inflexibility and makes it hard to accommodate difference in production systems, the service markets, labor market and technologies within centralized bargaining systems. It could also be hard to integrate new businesses within employee relation systems. For employee relation to be effective it requires very effective communication in company. The level of management decision making will increase if the employee relationship management work independently as a result reducing the employee commitment to these decision and local management. (David Farnham, pg 236) For workplace bargaining, it employee relationship management complicates labor cost control. As this is a bargaining that occurs between the management and union representatives, there are high chances of increasing the danger of wage parity by the unions. Also it requires management to put its best people who have negotiation skills to neutralize the effort of union to have an upper hand on the outcome of negotiation. Conclusion In this second easy we have taken analytical view towards employee relation and its real impact on banking sector in the case of Tanzania where we dont have many of public owned bank where union can also have an impact. We gave seen how globalization has also brought some problems and fortune to the banking industry. New venture have realized due to globalization for instance the transfer of banking technology to Tanzania form abroad is one factor that globalization has inspired banking industry to progress. On the other hand, the coming of technology would raise concerns over employee job security. The aim of banks to bring new technology is sometimes to cut down cost in the long-run, so this will obviously raise concerns towards employee who fear for their job. The essay went further to look on the recognition of unions in Tanzania banks and we realized that in Tanzania they very less banks that can be influenced by trade union since many of them are privately owned. The only trade union that employee relations have been able to interact with is Trade Union Congress of Tanzania (TUCTA) where bank such as Tanzania postal bank employee can real much on TUCTA. The impact of trade unions in banking industry profitability is very high. So banks should come with approaches that would manage the unions in a way that they do not impact negatively on the performance of the organization. We have look on approaches such as Unitarist, pluralist, Marxist and adversarial approach. It is also indicated that employee relation should much be governed by agreements, rules and regulation to handle unions. As we have realized that not only external factor that are important to organization success but also internal constraint are also crucial to the companies and therefore they should be managed very well using appropriate management styles. It seemingly appears that privately owned banks use authoritarian way of managing to handle internal issues affecting the banks. Other management styles include opportunist and Paternalistic. Recommendation This is very important aspect of business and especially in banking industry. Banks should consider taking employee relations very seriously as employees are part and parcel of the organization success or failure. New innovative ideas should be brought forward so that business process and practice could be made simple thus improving organization performance. Employee relationship management in collaboration with human resource they should come up with ways that will resolve dispute in more modern way even without involvement of trade unions. The management should assess employee relation future trend and research on the potential findings that can be applied in third world countries e.g. Tanzania. The influence of technology should not be left untouched as technology will play a big part in the future employee relation success. The employee relation view should be much flexible to tackle issues that have not been resolved yet with management. Employee relation should help in avoiding unnecessary problems such poor working condition. These are problems that union is working to abolish them but on the other hand they problems that increase unnecessary cost than if they had been tackled beforehand. Employer should engage employee in activities or even during decision making process so that they can be more motivate and very loyal to the org anization this should incorporate they payment structure and other compensation packages which seem to be the most coveted things by employees.

A Commentary on the Geranium by Theodore Roethke Essay

The poem â€Å"The Geranium† by Theodore Roethke tells the story of a bachelor, formerly a party animal, now a lonely, aging man, through a sustained metaphor which uses the speaker’s geranium as a symbol for the disregard of his own health. The plant is never well, nor is he, due to the speaker being as inconsiderate to the geranium as he is to himself. With imagery, alliteration, and symbolism, much is learned about the speaker through a simple geranium to which he is intrinsically intertwined. We can see right from the beginning with lines such as â€Å"limp and bedraggled . . . / . . . like a sick poodle / Or a wizened aster in late September,† (2-4) that our speaker does not think very highly of himself nor his geranium. The descriptors give a pathetic, aging feel; the comparison to a â€Å"wizened aster† is particularly potent. It suggest that like the flower, the speaker is no longer â€Å"in bloom†, so-to-speak. That his colour has faded, and he is past his prime. The themes of aging and entering a new life stage come up again in line 6: â€Å"For a new routine –†. The caesura brings the reader to a halt; its sudden and final nature is reminiscent of an ending. The words in the line itself indicate a new beginning, which creates an interesting effect. This line could be representative of the end of the speaker’s youth and bachelorhood, as well as the beginning of a new point in his life. The act of taking the geranium out to the trash could also be symbolic of changing life stages; placing it by the trash could be representative of the end of one cycle, and bringing it back could represent starting anew. In following with the idea of starting anew, our speaker shows plans of lifestyle change; he plans to change for the better and agrees that â€Å"Sustenance seemed sensible† (8) The alliteration here evokes a childlike, somewhat self-deprecating feel, as though the speaker is chiding himself for not remembering something that seemed so simple. The fact that the speaker managed to forget this in the first place could also indicate that he has let his health go in the past, which is further evidenced near the end of the stanza, where the speaker talks about living â€Å". . . on gin, bobbie pins, half-smoked cigars, dead beer† (10) as well as the consequences of such irresponsible actions; he talks of being â€Å"shriveled† and â€Å"dried out†. It’s clear both the speaker and his plant have suffered from such a way of living. It also seems to reveal the careless and somewhat incompetent nature of the speaker. After all, if you can’t even take care of a plant, how can you take care of yourself? In the next stanza we get another glance into our speaker’s former life. He talks of â€Å" . . .dumb dames shrieking half the night† (16) as well as more mention of alcohol. The pieces of the speaker’s past we have received thus far can be put together to form the image of a reckless bachelor who gives no thought of tomorrow. With the current events of the poem, we can see how this lifestyle doesn’t do much for our speaker now that tomorrow is here. In this stanza we also get to hear the narrator describe himself directly for the first time, but he still ties himself to the plant, showcasing how heavily interconnected he and the geranium are. The speaker says that they are both â€Å"seedy†, which is a rather interesting play on words due to the fact that it means sordid or shabby, or could be used in the context of plant seeds. The term acknowledges both the similarities and differences between the speaker and the geranium. In the third stanza and final two lines, the speaker’s maid tosses the geranium in the trash which angers him so much he fires her. The actions of the maid would obviously hurt our speaker, seeing as the miserable, wilted geranium was his only friend. There is also the possibility that it was the cause of the actions of the maid that really wounded the narrator; that is was the fact that the maid saw something so analogous to himself as useless trash that drove him into enough of a rage to sack his maid. Thus the poem ends with the speaker no better off than he was in the beginning; perhaps even worse, now that the maid has brought to light how worthless the speaker’s life really is. Even though plants and people are seen as self-sufficient organisms, â€Å"The Geranium† highlights that in order to truly blossom, care, compassion and companionship from another are required. Theodore Roethke’s use of dreary, aged language and bland settings create a desolate atmosphere which provides the framework for the tale of a man who seems to have disregarded this until it was too late.

Ford Focus and Ford Motor Company Essay

When Alan Mulally took over as Chief Executive Officer at Ford Motor Company in 2006 the organization was losing billions of dollars. According to Tony Schwartz (2010), â€Å"It had just come off reporting a $14. 6 billion loss for 2008, its fourth losing year in a row† (para. 1). The article Alan Mulally-Making Ford a Model for the Future illustrates the progress of Alan Mulally and the four simple principles that are making the company become profitable. Principles are important in any organization and an employee needs to feel important and motivated to come to work. These are a few of the principles that Alan Mulally have implemented since 2006: Stand for something beyond profit. Rally your employees around a shared mission. Practice a realistic optimism. Tell the truth without fear (Schwartz, 2010). The turnaround at Ford Motor Company was not overnight. He invested in the vision â€Å"One Ford† which has the idea of creating vehicles that will appeal to both American and European consumers by utilizing a common design theme that would move beyond the three-bar infatuation of the United States (Lavrinc, 2007). The transformation of the American icon was due to the One Ford vision and one year after 2008, Ford Motor Company reported a profit of $2. 7 billion. This transformation would not have happened if Alan Mulally did not take over in 2006. The ethical behavior by Ford Motor Company’s Chief Executive Officer has shown to be a true testament to future CEO’s in the global market. When the company raised $23. 5 billion to finance the restructuring and accelerate the investment in new products it shows great leadership during the Great Recession (Bartiromo, 2011). This American icon is 110 years old and recently had the strongest third quarter profit in history in 2012. This would not have happened without Alan Mulally reducing the brands of Aston Martin, Jaguar, Mazda, Land Rover, and Volvo into the two main components that a person would vision on the road today Ford and Lincoln. The leadership is beyond extraordinary and models like the Ford Focus is now one of the country’s best selling cars (Schwartz, 2010). The business environment is multifaceted with enormous challenges that face the global market. By focusing attention on a vision, the leader operates on the emotional and spiritual resources of the organization, on its values, commitment, and aspirations. The manager, by contrast, operates on the physical resources of the organization, on its capital, human skills, raw materials, and technology. The results that an individual observes currently are in direct correlation of the actions over the last five years. Ford has now paid back the $23. 5 billion that was taken out in 2006 to finance the restructuring and investment of new products. The company has started to hire and bring jobs back to the United States. According to Schwartz (2010), â€Å"Mulally is taking an old-school industrial company and turning it into a model of how modern company ought to be run† (para. 3). Using the PESTEL Analysis to capture macro-environmental forces and including part of the Ansoff Product/Market Opportunity Matrix Ford Motor Company can thrive on market penetration strategies. The following PESTEL Analysis shows the six factors that are the biggest weaknesses and strengths perceived to be the primary data in the next five years for the automotive giant.

Communication and Crisis Essay - 1425 Words

RUNNING HEAD: Communication and Crisis paper Communication and Crisis Paper University of Phoenix HCS/320 August 6, 2012 According to this Scenario: In 1979, the Three Mile Island nuclear reactor malfunctioned, releasing radiation into the environment. There were no immediate deaths or injuries resulting from the incident; however, the accident drew much media attention and created concerns in the local area and beyond. The major forms of communication used to report these events were the three major television networks and local radio stations. In 2005, Hurricane Katrina devastated the New Orleans area and immersed a significant part of the city in water. Local citizens and their families were affected. In contrast to the†¦show more content†¦It is very important that the President is involved and verifies that this is not terrorism, for a biological agent could cause much harm to the community. The U.S. ARMY can be brought in to test the water in their medical testing facility. â€Å"Since the 1980s, terrorist organizations have become users of biological agents.† â€Å"Biological weapons include any organism or toxin found in nature that can be used to incapacitate, kill, or otherwise impede an adversary. Biological weapons are characterized by low visibility, high potency, substantial accessibility, and relatively easy delivery.† (Dire amp;Darling, 2011) â€Å"Emergency response strategies for biological, chemical, nuclear, or radiological terrorist events should be based on scientifically established exposure limits for all the agents or materials involved. In the case of a radiological terrorist event, emergency response guidelines have been worked out. In the case of a terrorist event with the use of chemical warfare agents the situation is not that clear, though the new guidelines and clean-up values are being generated based on re-evaluation of toxicological and risk data.† ( Sabelnikov, , Zhukov, , amp; Kempf, 2006). The poten tial spectrum of bioterrorism ranges from hoaxes and use of non–mass casualtyShow MoreRelatedCommunication and Crisis1785 Words   |  8 PagesCommunication and Crisis Rosa Singleton HCS/320 [ 12/8/2012 ] Kristin Thrun Communication and Crisis My name is Rosa Singleton. I am the director of the Emergency Management Office in the area of Ohio. Today we have received official reports that the public water supplies for the city of Canton and other nearby cities have become contaminated with a life-threatening biological agent. It is the duty of my staff to implement contingency plans and address them within the organization, andRead MoreQuestions On Communication And Crisis1470 Words   |  6 Pages Communication and Crisis HCS/320 Patricia Bird November 28, 2015  There have been numerous reports, from local news agencies, about a possible water contamination. These reports state the water has life-threatening biological agents. As the director of emergency management for our region, we must establish an immediate crisis plan. Our plan must include research to validate these reports, communication objectives, and determine media opportunities. Putting our crisis plan intoRead MoreCommunication and Crisis Paper855 Words   |  4 PagesCOMMUNICATION AND CRISIS PAPER Bobbi Simkins HCS/350 APRIL 8, 2013 PATRICE ROSS COMMUNICATION AND CRISIS PAPER â€Å"A crisis occurs when a stressful life event overwhelms an individual’s ability to cope effectively in the face of a perceived challenge or threat† (Arnold amp; Boggs, 2011, pg. 415). When people are in a crisis situation they tend to forget their normal coping measures. When people train on crisis situations, they tend to perform better during a crisis event. â€Å"A favorable outcomeRead More Crisis Communications Essay1290 Words   |  6 PagesCrisis Communications Crisis communication is the most important aspect of external and internal organization communication. This type of communication ranges from image restoration campaigns to employee turnover. In the articles that I have analyzed, I discovered many examples of crisis communications and its importance. I will discuss the Bridgestone-Firestone Corporation’s image restoration campaign and explain Benoit’s theory of image restoration. Also, I will discuss how crisis communicationsRead MoreA Study on Crisis Communication940 Words   |  4 Pagesï » ¿Crisis communication Crisis communication can be described as a special area within communication studies that to deals with the reputation of individuals and the organization. It is always a move that intend to protect the reputation of an organization as well as maintaining its public image. There are different factors that might try to tarnish the image of an organization, for example government investigations, media inquiry or criminal attack. During crisis, communication will always setRead MoreEssay on Crisis Communications1321 Words   |  6 PagesCrisis communication is the most important aspect of external and internal organization communication. This type of communication ranges from image restoration campaigns to employee turnover. In the articles that I have analyzed, I discovered many examples of crisis communications and its importance. I will discuss the Bridgestone-Firestone Corporations image restoration campaign and explain Benoits theory of image restoration. Also, I will discuss how crisis communications fits into publicRead MoreCommunication and Crisis Paper1604 Words   |  7 PagesCommunication and Crisis Paper University of Phoenix HCS/320 Lorena Mesina June 27, 2013 Dawn Sienkiewicz Communication and crisis paper: When working in a hospital, setting whether it’s an emergency room, or management office, there’s going to be a time when you are going to experience some kind of face to face crisis, according to (Coombs, 1999) simply stated no organization is immune to crisis. A crisis can raise inside or outside the organization and accordingRead MoreCrisis Communication Strategy1466 Words   |  6 Pagesappropriate responses, protocols and planned messages for each scenario. The first crisis to plague this company is that the site goes down. The second crisis is that eBay’s secret partnership with data brokers is exposed, and the final crisis is that terrorists hack into the site and cipher private member information. This essay will attempt to combat the crises and lessen the blow of actual damages inflicted to the company. Crisis One: The eBay website comes to a halt as the auction service goes down forRead MoreCrisis Communication Plan3162 Words   |  13 PagesCrisis Communication Plan FOR STARBUCKS Submitted By: Janset BatÄ ±bay Submitted To: Joe Goldiamond Date: 15.Nov.2011 In today’s skeptical world, where critics, media and public are cynical about companies, their operations and how authentic they are in being socially responsible, it is almost impossible for organizations to create a 100% good image. In more than half of all the television programs, it is easy to come across with negative portraits of business people. This reality hasRead MoreCommunication Networks, Conflict Management, And Crisis Communication1261 Words   |  6 Pages to narrow the list, I decided to address the three ideas that will have the most immediate impact in my life: communication networks, conflict management, and crisis communication. Communication Networks Our discussion of communication networks brought clarity to the communication paths in my business environment. With church leadership or basketball team leadership, the communication paths from leaders to participants are clear because the organizations have flat structures with few management

What the In-Crowd Wont Tell You About Creating an Outline for a Research Paper

What the In-Crowd Won't Tell You About Creating an Outline for a Research Paper Creating an Outline for a Research Paper Explained Additional it is going to help you locate the weaknesses in your competitor's approach. Short-term goals The short-term goals are essentially the measures to creating the prediction generator. A well-made outline is critical in locating considerable info and keeping track of large quantities of information from a research paper. By posing your subject for a question you can more easily recognize the principal concepts or keywords to be applied in your research. You can also see resume outline. An outline is an overall plan of what it is that you're likely to write you pare making an outline making an outline in an official outline, roman numerals may be used to. It also serves the purpose of identifying the main points for writing a brief summary of the paper, also called an abstract. It is simply a general plan of the material you want to discu ss in your paper, broken down in a clear and concise manner. Persuasive essay persuades the reader your viewpoint is the perfect perspective and it isn't overly hard to write it once you learn to structure the outline. You can also see speech outline. A superb outline is a significant element in writing a great paper. It is the most important step in writing a good paper. Creating an Outline for a Research Paper and Creating an Outline for a Research Paper - The Perfect Combination A thesis statement isn't a statement of fact. If you're writing an outline as an academic assignment, your professor may ask that you incorporate a bibliography too. Firstly, you will need to discover general info to strengthen your thesis statement, then you will need to dig deeper. You've got to comprehend which type of an article you're going to work with, and that means you can develop a correct tone and format of your upcoming essay. Otherwise, maybe you've just provided a summary rather than creating an argument. There are various ways and various approaches to compose a thesis statement. A great thesis statement expresses your take or opinion in addition to your conclusion about the subject. The History of Creating an Outline for a Research Paper Refuted In the practice of researching and writing, you can discover new information that falls outside the range of your initial plan and need to incorporate it in your paper. The last step in the procedure is to proofread the paper you've created. Although outlining may appear like a very long procedure, it is going to make the writing process a much simpler experience. An outline assists in keeping track of all of the information, thus making the total job of writing the academic paper simpler. The procedure for market research itself is intended to minimize the risk and to create the advertising strategy cost-effective for your small business. It is a critical componentwhen you're launching a product, try to improve your existing service, or when you're just looking to be a step ahead of your competitors. To conclude, it provides you with important information that will help you identify and analyze the market needs, your customers, and your competitors. Effective market research is not only going to help you predict a number of the pitfalls that may occur but also it will save a fortune too. Creating an Outline for a Research Paper - the Conspiracy Writing a research paper is as crucial as performing the true research or experiment itself and can seem to be an extremely daunting job. Ask any professor or academic and they'll tell you the research paper outline is the most significant part of the entire process. Regardless of what research paper outline you're consid ering, you will want to think about just how your research is going to be backed up. Research is done throughout the plan and development procedure. As soon as you have produced a compehensive outline and organized your research, now is the time to get started writing your research paper. If you've ever written a research paper, then you most likely already know the advantages of a superior outline. Nevertheless, the real key to a prosperous research paper is organization. A superb research paper writing company is a great company that gives students with internet research paper help.

Historical Background And Point Of View - 1973 Words

Authorial/Historical Background and Point-of-View Fittingly born on Abraham Lincoln’s birthday, James L. Swanson has always had a fascination of our 16th president’s life. At only ten years old, Swanson’s grandmother gave him a very peculiar gift for a child: â€Å"a framed engraving of Booth’s Deringer pistol, along with an April 15, 1865 Chicago Tribune clipping.† The newspaper story he received relived the terrible day of Lincoln’s death, but as Swanson read, he realized the ending of the story was lost. Swanson was fascinated, and felt a need to know the fate of his favorite president, and the hunt for knowledge began. As the author continues to recount in his acknowledgements, that gift sparked a passion within him culminating with the publication of Manhunt on 2006. Despite the author’s obvious enjoyment of the subject, a resurgence of interest in the life and death of Honest Abe has recently gripped the United States. In the twe nty-first century so far, dozens of novels, including Abraham Lincoln: A Life, The Gettysburg Gospel: The Lincoln Speech That Nobody Knows, and Swanson’s own Manhunt have gripped the nation, some of them being New York Times Bestsellers. Even the film business has profited by this surge of attention with 2012’s Lincoln starring Daniel Day Lewis. This interest is in part due to the political divide plaguing the United States in the stark contrasts of opinion between Republicans and Democrats. Abraham Lincoln saved the country from the biggestShow MoreRelatedLook At The Dark Side Of The Moon1361 Words   |  6 Pagesthree different literary lenses; Historical, psychoanalytical, and archetypal lenses put its focal point on various ideas, which will able the readers to perceive the features from different areas. These components allow advanced understanding for the observers. Without knowing the historical information about the author, The Crucible seems like a very intense soap opera. History has been affecting the plot, background, and even the characters of the play. The historical lens is a literacy theory basedRead MoreThe Truth Can Not Be Denied940 Words   |  4 PagesHistorians are faced with the challenge of working with the small amount of historical evidence that they have. Between primary and secondary sources, indecipherable languages, damaged artifacts, and biased accounts of history, they have quite the task in front of them. The state of the evidence we have to learn from allows us an interesting look into peoples thoughts, feelings and experiences, but also forces us to interpret to the best of our ability, and make educated guesses on what life wasRead MoreMedical Saints: Cosmas and Damian in a Postmodern World Essay1346 Words   |  6 PagesThe relationship of science and spirituality can be a debate that many people have conceptuali zed. Jacalyn Duffin’s uses her historian and physician background to lead her to an important exploration of medical saints who spark miracles in the postmodern world that contribute to her three main observations. Duffin studies why physicians ignore miracles and prayer, why are miracles mostly about illness, and Comas and Damian in Toronto. Her personal scholarly experiences along with her first-handRead MoreCritical Problem Of Selective Reliance On Secondary Historiographical Sources Essay775 Words   |  4 Pagesselective reliance on secondary historiographical sources by historically-minded political scientists. Lustick observes that political scientists often make mistakes by rooting their research without paying attention to the issue of how to select historical events and thus comes up with an approach that does not treat historiographies as â€Å"History,† but as particular interpretations of history that can be used to multiply the number of observations to outnumber variables to make valid inferences: â€Å"ifRead MoreBeing Exposed To A Culture Of Power That Is Different From1638 Words   |  7 Pagesmothers side of the family is of European heritage from both Hungary and Poland. Whether my students and I share similar backgrounds and identify with the same culture, gender, race etc., it is my responsibility to ensure they feel safe in the classroom. Students should feel as though they are able to express themselves and speak from their own experiences. Different points of view must be represented in the classroom. Educators are often afraid to name different races in the classroom without beingRead MoreAn Analysis of the Israeli-Palenstinian Conflict Essay1386 Words   |  6 Pagesfor the arguments throughout the article. The first argument is in his discussion of the Israeli view to rightfully possessing the West Bank. This argument is supported by the Israeli perception that Biblically they have a right to this land but the author disproves this argument by pointing out how other Arab nations view this occupational standpoint as one that is very hollow. Other Arab nations view Israeli governmental financial and protective benefits to settlers in the area of conflict as illegitimateRead More Critical Review of Helping Students Meet the Challenges of Academic Writing by Fernsten and Reda 1386 Words   |  6 Pagesthough Fernsten Reda illuminated the ‘potential conflicts’ within the academic world, they have failed to provide conclusive evidence that supports their argument reg arding their solution. Their reliance on dated research that provides a one sided historical perspective, may no longer accurately reflect current socio/economic issues. In addition, education has been evolving to an inclusive curriculum approach, as immigrated children enter the school system in record numbers. â€Å"Persons obtaining legalRead MoreThe Landscape Of Qualitative Research890 Words   |  4 Pagesorder to give the readers a better background and concept about the things that feminist scholars are currently debating, the author first introduced the topic â€Å"Scope and Topics of Feminist Qualitative Research†. People always view qualitative research as the most useful research method; as a result, it narrowed the questions into subjective areas. Feminist work pay attention and focus on the women’s experiences from daily lives in order to prevent limited views. The feminist qualitative researchRead MoreAnalysis Of Henry Giroux s Hoodie Politics1518 Words   |  7 Pagesof equality received by the poor minority youth. He argues that the justice system works for the rich and neglects the poor. Giroux points out that there is now a culture of suspicion that surrounds the young minorities. They are assumed to be guilty of something, before doing anything. He calls attention to the amount of minorities that are imprisoned at some point in their lives, primarily for nonviolent offenses. His use of statistics such as, â€Å"... 500,000 young people are incarcerated and 2.5Read MoreEmily Dickinsons Success Is Counted Sweetest Criticism883 Words   |  4 Pagesthe poem is that people who do not succeed are those who truly understand success for what it is (Cummings, 2013). In other words, deprivation can lead to greater understanding and appreciation of what people lack. This paper is composed of three points including how the unity of the paradoxical idea of the poem is presented, how the poem can be viewed historically and biographically in feminist aspects, and how the central idea of the poem is re sponded. The Unity of the Paradoxical Idea in the

Taxation Responsive Regulation

Question: Discuss about the Taxation for Responsive Regulation. Answer: 1. Issue According to the case study it is observed that mountaineer named Hillary is famous for her achievements, and thus, a news paper Daily terror offered her a huge payment of $10,000 her real story, how was her life style, how she achieved such a glory and what are the obstacles she had to face during the process of her mountaineering. She accepted the offer and wrote her life story herself without taking help from any ghost writer as it was one of the terms and conditions from the Daily Terror. She assigned the entire right, title along with the copyright for $ 10,000 to Daily Terror (Prince, 2013). Besides this she sold her story's manuscript to the Mitchell Library for $5,000, apart from this, she sold her photographs of mountain climbing for $2,000. The issue is whether all these three payments received by she are considered as income from personal exertion or not and in the case of she wrote her story for her satisfaction and then decide to sell it then what will be the tax consequ ences. Rule According to the Australian Taxation Act, income tax is one of the significant tax, which levies to the residents of the country according to their annual income. The application of income tax can differ by the nature of the income. As per the Income tax Act 1936 along with its amendment of 1997 personal exertion income include the income from salaries and wages, bonuses and commissions, fees, superannuation allowance, pension, retiring gratuities and retiring allowance (Woellner et al., 2016). Application The application of the rule determines the income generated from the activities must be under the taxation law. Here in this particular case, it is observed that Hillary is not a full-time writer and writing was not her original profession. She wrote the story as the Daily Terror Newspaper pleads to her to write her story for them. Thus the income cannot be considered as income tax. The manuscript and her photographs are falls under capital gain tax (Yu, 2008). And in first case, her income from Daily Terror will be considered as ordinary income. Conclusion The income from Daily Terror and manuscript along with photographs all would be considered as capital gain income. In the case of she wrote her story for her satisfaction. As per the income tax act 1997, and section 26 AB,in the first case, of the case study will be assessable income. And rest of income may be considered as capital gain tax under section 1108-410. 2. Issue In this case, the client is a mother who had lent her son an amount of $40,000 to help him with a short term housing loan. A verbal agreement was made between the mother and the son where it was agreed that the son would pay his mother an amount of $50,000 after five years. It should be noted that while giving the money there was no written agreement between the two parties and the son was also not asked to pay any security against the amount of money being borrowed by him. After two years the son returned the full amount of money to his mother along with an interest of 5 percent per annum on the amount of money borrowed by him. The whole amount of money was given to the client in a single check. The mother had not asked for any interest but still the son paid it. The question that comes in the scenario is the effect that the extra amount given by the son will have on the income of the client. Rule As per the Australian Taxation Law, assessable income of an individual is defined as the amount of money earned by that person, which can be taxed when the money earned by the individual is more than the tax-free threshold granted by the Australian Constitution (Mason, 2010). Assessable income of a person consists of salary, wages received by a person for the work done by him or her; dividends and incomes earned as a part of investments made, etc. (Parsons, 2011). Application In this particular case, the loan given by the mother to her son cannot be considered as an investment as she did not want any interest on that. Therefore it is not an ordinary income of the client and not assessable. Moreover, the amount of interest paid by the sum is equal to 5 percent of $40,000 for two years which equivalates to a sum of $4,000. Now this amount of money is less than the threshold of assessable income as indicated by the Australian Taxation Office (Woellner, 2013). Therefore considering these two conditions the amount received by the mother will not be a part of her assessable income. Conclusion The extra amount of money given by the son to his mother is not an ordinary income of the client and also does not cross the threshold of assessable income. This is the reason why the sum of money will not have any effect on the assessable income of the client under section 10-1. 3. a) According to the case study, it is observed that the accounting professional Scott had purchased a vacant block of land in Brisbane in October 1980. At the time of building the house, the value of the land stands at $90,000 as well as the construction cost is $60,000. After the completion of the house, he rented the property and as per the consideration of the current taxation, the Scott sold the property for $800,000 at auction. As Scott holds the profession of an accountant, he is seemed to be not involved in the development of the property (Robertson, 2008). Thus the income generated is seemed to be in the form of the ordinary income as per the law of taxation of ATO 1936 which must be considered as the capital gain and the deduction of tax should not take place in the form of capital gain tax. According to Australian Taxation Law, income generated from the sale of the assets is considered as the capital gain under section 408. The person or the organization has to pay tax on the gains derived from the sale of the asset. The property would be considered as long term capital as it is purchased before three years. The capital gain tax was introduced in the year 1985, and thus transactions before 1980 should not apply to capital gain tax (Barker, 2005). In the given case study, Scott purchased vacant land as on October 1980, and the land value was $90,000, and construction cost was $60,000. The total value of the property was $150,000. The property after building houses was given to rent and income generated from rent would be considered as ordinary income. The property was sold at auction for an amount of $80,000s. Therefore, net earnings of Scott were $650,000, and it would be considered as assessable income. The capital gain tax would be calculated on $650,000 as per the Au stralian Taxation Law (Watson, Gleeson and Higgins, 2013). Total value of the property = (Value of the land $90,000+ construction cost $60,000) = $150,000. The property sold for $ 800,000 Thus, Total Capital gain = ($ 800,000-$150,000) = $650,000 and it is assessable income. b) In the given case study, Scott purchased a vacant land as on October 1st, 1980. In the year 1986, the value of the land was $90,000 and building cost was $60,000. The house was sold by Scott and capital gain tax was applicable on the sold amount. The capital gain is the amount of money earned by an individual from the selling of an asset. Capital gain tax is the tax charged on the income generated from the sale of the assets. Capital assets include land, building, machinery, patents, trademarks, property, etc. In the given case study, Scott would sell the property to his daughter at $2, 00,000. The capital gain tax would not be calculated on the selling price of the property because the capital gain tax is not applicable when a property is being inherited (Woellner, 2013). According to Australian taxation law, the property will be considered as a gift that would be exempted from capital gain tax. Therefore, the capital gain tax will not be calculated, and the asset would be considere d as a gift. c) If the owner of the property is the company rather than an individual, then the answer world a bit different which seemed to be directly dependent on the type of the company discussed. In this case study of the ordinary company, the property would be looked upon as the capital asset, and therefore the capital gain taxes are applied (Loffman, Presant and Rubin, 2008). The capital gain taxes will also be implemented on the individual if the case of the individual is considered. If the company is considered as the real estate company dealing with the selling and buying of the houses and the properties, then the company would not be charged with the capital gain taxes (WALLER, 2007). The reason for this is the in any real estate company, the selling and buying of the properties are the part of the ordinary income, and since it is ordinary income, then the tax would fall under the normal income tax. References Loffman, L., Presant, S. and Rubin, B. (2008).Tenth annual real estate tax forum. New York, NY: Practising Law Institute. Robertson, P. (2008).Australian master tax guide 2008. Sydney: CCH Australia. WALLER, V. (2007). The Challenge of Institutional Integrity in Responsive Regulation: Field Inspections by the Australian Taxation Office.Law Policy, 29(1), pp.67-83. Mason, T. (2010).Income tax law. Frenchs Forest, N.S.W.: Pearson Australia. Parsons, R. (2011).Income taxation in Australia. Sydney: Law Book Co. Woellner, R. (2013).Australian taxation law 2012. North Ryde [N.S.W.]: CCH Australia. Barker, D. (2005).Essential Australian law. Sydney, N.S.W.: Cavendish. Watson, J., Gleeson, J. and Higgins, R. (2013).Historical foundations of Australian law. Annandale, N.S.W.: Federation Press. Woellner, R. (2013).Australian taxation law 2012. North Ryde [N.S.W.]: CCH Australia. Prince, J. (2013).Tax for Australians for dummies. Milton, Qld.: Wiley Pub. Australia Pty Ltd. Woellner, R., Barkoczy, S., Murphy, S., Evans, C. and Pinto, D. (2016).Australian Taxation Law 2016. Melbourne, Vic.: Oxford University Press. Yu, Y. (2008). Determinants of variations in state per capita personal income: a panel data approach.Applied Economics Letters, 17(3), pp.235-239.