The individual with have greater confidence and resilience to deal with any problems that occur along the way. Not only does it have benefits to the individual, but also to the organisation. It allows the organisa-tion to gain a better understanding of the individuals goals, strengths and development needs. It helps managers/supervisors develop their own coaching and management skills (which would be part of their own development plan). Overall, it will increase productivity in the workplace due to clearer objectives and better skills learnt and the organisation can keep track of employee perfor-mance.
As an employee being professional can allow for you to have a positive work environment and put you in the position for possible promotions. As a company having professional employees can bring in more customers and higher rating which will in return bring in more money. How can being a good listener demonstrate professionalism? When you are a good listener you are actively engaging in a conversation. This is important because it helps build a good rapport with customers.
22nd November, 2015 Laura Schim van der Loeff Academic and Study Skills Pros and cons of “cash-flow accounting” and those of “accrual accounting” Yuting Cui 10888217 In an entity, financial accounting, or bookkeeping is the tool used to keep track on financial activities. Users, for example: managers, stockholders, etc. use the result of financial statements to justify behaviors of the entity and make efficient decisions accounting to the data provided. With different basis, companies have various methods to do bookkeeping. Two methods mentioned in this paper are cash-flow basis and accrual basis accounting.
The entire opportunity cost is the interest rate times the average cash balance kept by the firm. Average lost opportunity cost = C/2 Relevance Now a day many companies make an effort to reduce the costs incurred by preserving cash. They also attempt to spend a smaller amount on changing marketable securities to cash. The Baumol model of cash management is beneficial in this regard. Use of Baumol Model The Baumol model enables companies to find out their desirable level of cash balance under certainty.
Having a good job is essential to my life. By doing the research, I can take a deeper look into which job fits me most. Before， I only know which area my interested job belongs to such as a broad word "engineering". However, now I know I am suitable for mechanical engineering technician. By doing the research I can also know what in specific my job would require my personal skills that way I can major in more aimed.
Critical thinking is one of these tools. Understanding what it is and how to apply it in our daily lives can lead people to better decisions and better conclusions. Businesses can also benefit from the use of critical thinking because the ability to choose between a good decision or a bad decision is crucial, often vital, in business. The application of critical thinking has some significant benefits. It improves the process of thinking, leads to a better understanding, and
Limited human resources can include having a small staff, which makes it difficult to tackle every item on the company's to-do list. On the other hand, the company with a full staff that lacks the skills and training necessary to perform tasks can be a hindrance to an organization. If the company wants to launch its social media presence, but none of the staff has experience in social media, it can be a major weakness for the company. Either they'll have to hire a consultant, or risk an unsuccessful social media launch. A company that lacks human resources may have difficulty developing and maintaining a solid relationship with employees.
I have notice how strategic it is to have others close to me. It increases the level of our communication and improves my learning capacity. Building effective relationship with others teaches us how to acquire some skills and realize what is working positively for us. Additionally, when we build relationships, and open communication door, others learn as much as we learn. In other words, building relationship improves the lives of both parties (Franko, 2013).
One of the advantages is it helps to build up career opportunities, especially for the students. As most organization are going global, having this skill really helps them to grow further. It is hard for them to survive if the employee in the organization does not possess this skill. Communication problem is more likely to occur in a company which has diverse workers and this become a barrier for the company to grow well and cannot get benefits from diversity. The factor that leads to the problem is the difficulties to understand foreign language.
2.1 Training Employee: Training the employees principally deal with acquirement of perceptive, proficiency, providing technical support and make them practice it regularly. Moreover, these training programs to the employees are very important issues of studying human resource. It is important because these training can improve individual routine works in various levels of their work place. Nowadays these programs help employees growing their ability to work more efficiently and effectively in the workplace so the organizations are also encouraged to invest more on organizational training and learning and finally achieve development in the overall performance (Steers, 1997). On the other hand knowledge about any organization is also very much