Many Faces of Oppression

Tsitsi Dang arembga address s constantlyal issues concerning women in her novel, Nervous Conditions. Three main(prenominal) issues include coming-of-age, colonialism, and patriarchy. They are all encountered by the central character, Tambu as she grows up in colonial Rhodesia. While living on the homestead with her family, Tambu come up the examples of oppressiveness prevalent in her environment. The women in her immediate family are domestic and for the most part uneducated. When Tambu learns of her aunt Maigurus reading and success, she tries to snub the potential get words of the women on the homestead by working hard to go to shallow.Once she is minded(p) an education with the help of her uncle, Tambu finds let on that her aunt Maiguru is crush too, only in a different setting. Therefore the difference of opinions women face are similar regardless of their class,or level of education. Tambu learns early somewhat the conquest of women in the traditional patriarchal w ay of life on her homestead. For example, Tambu can non continue to go to school because her family lack the funds for her to go. However, her brother Nhamo is allow the right to go and is expected to do well. Their father boasts about his tidingss education and gives him certain rights and privileges.Tambu resents the fact that her brother is able to bother an education and she is not. She is constantly in conflict with Nhamo because of Nhamos arrogance. He retorts, Did you ever hear of a girl beingness maken away to school? With me its different. I was meant to be educated (Dangarembga, 49). Speeches like this contributes to Tambus increase drive and desire for education. Tambu, seeking to break away from her oppressiveness done education, asks her parents for maize seeds to raise her own crop and sell them for tuition. Her own obtains years of oppression seeped into discouraging Tambu.My mother said being black was a burden because it made you poor and being a wo human b eing was a burden because you had to bear children and look after them and the married man (Dangarembga, 16). Discouragingly the parents give the seeds to her and she raises her crop. She notices that her crop is coming up missing and finds out her brother was stealing them to keep her from going to school. However through decision and a little assistance, Tambu raises the funds for school. Her father, in an act of dominance tries to take the money away from Tambus education but is unsuccessful.Tambu gains a menial victory in her journey to reach her dream. The death of Nhamo is a bit point in Tambus life. Because Nhamo was the only son in the family, Tambu took his place. Tambu is granted the chance to be a part of colonized life and the advantages it has everywhere the poverty she has lived. All the whileTambu goes through her schooling she sets her sights to becoming what her aunt Maiguru seems to be. She was solely a different kind of woman from my mother. I decided it was burst to be like Maiguru, who was not poor and had not been crushed by the weight f womanhood (Dangarembga, 16).One of the examples Tambu is shocked to know is the oppression Maiguru encounters by obtaining her Masters Degree. Tambu is accustomed to the hierarchical forms of address which place women and children degrade than men. She is surprised to know a woman can go that removed and wonders why no one discernd her aunts degree. once again another(prenominal) example of oppression in Tambus family, especially the women, is that they didnt like Maiguru acquiring that amount of education and therefore did not acknowledge her level of education.They did however,celebrate Babamukurus Master Degree constantly and gave all praises to him, take down the women joined in. Another example of the oppression in a pump class household is Maigurus salary. nonetheless though she had the education and the vocation in teaching, Maiguru never saw a penny of her earnings. They went directly to her husband. Even Maiguru shows her acceptance to this oppression by saying, no one even hypothecates about the things I gave up. But thats how it goes and when you have a good man and lovely children, it makes it all worth while (Dangarembga, 102).Even though Maiguru was educated, she was tranquillize expected to marry and raise children, so her education only provided another way of serving her family. This confession disappoints Tambu because it shatters her image of Maiguru being an independent piece model. Now, with the influence of her cousin Nyasha,Tambu must find and become her own image of an independent, educated woman. The patriarchal way of life in Rhodesia had many levels of oppression. From the needy homesteads to the colonialized middle-class setting, women were being oppressed from something.Author Tsitsi Dangarembga, cleverly reveals these levels of oppression in Nervous Conditions. Main character Tambu is able to see some of these levels with her probabili ty to go from her homestead to her uncles home while she grows and goes through school. She think she has escaped the oppression when her brother dies and she has the opportunity to leave home where oppression is prevalent. Tambu fails to see that oppression exist even in a colonized setting until she learns from her aunt and idol, Maiguru.Even with a high level of education and ability to make money, there was still the opportunity for oppression to exist, in Maigurus example, by not acknowledging educated women or having their earnings controlled by men. Although this realization now occurs to Tambu, she tries to find some other way to bear the oppression (refusing to go to her parents wedding). Nervous Conditions is a great example of how women struggle regardless of class or level of education and whether they accept the oppression or resist it.

Guitar Essay Essay

Throughout manner, human beings are destined to stimulate ups and downs in manner like a rollercoaster. In Federico Garcia Lorcas words poem The Guitar, the speaker expresses sorrow and despair by imagery and prosopopoeia of the guitar by relating life to an evening without morning, the desert sands, and the end of life for a bird. The most powerful message in the poem is that music buns express our deepest losses and desires.In the linguistic communication poem, The Guitar by Federico Garcia Lorca, the speaker uses symbolism to connect his emotions to the guitar. The description of the cries of the guitar as The evening without morning (22), gives the idea that his life is in slay. This is important because it portrays that the speaker is missing a certain piece to complete the puzzle to his life. This clearly shows that his life is unfulfilled until he finds what hes looking for.In addition, the narrator expresses the deepest desires of the beautiful instrument when he des cribes the raw southern sands/Desiring white camellias (19-20).This is significant as for the reason that flowers as stunning and purifying as camellias cannot grow in deserted areas such as the hot blazing waterless desert. Henceforth, the narrator can tries to carry the feeling that he may want something he cannot have. Therefore, the guitar weeps the heartfelt emotions by the monotonously rhythmic sound.Life is like a floating cloud, it drifts away in a while. In the lyric poem, The Guitar, Federico Garcia Lorca uses such a burnished visual when he describes the guitar weeping for an incredible creature when he states, And the prototypal dead bird dead/upon a branch(23-24).The meaning is a good deal related to reality as he depicts that death is inevitable. The narrator accentuates that champion cannot cheat death as it comes before one realizes it.To conclude, music has the king to express a persons profounding loggings and personality. In Federico Garcia Lorcas lyric poem, The Guitar, the speaker expresses his sorrow through literary analysis when he compares his life emotions to an evening without morning, the lonely desert sands, and the death of a bird through the weeps of the guitar.

Outline the Inequality Problems That Persist in Terms of Pay for Men and Women.

Wikipedia The Equal Pay Act 1970 is an Act of the joined Kingdom Parlia custodyt which prohibits any slight favourable treatment among men and women in terms of cook up and conditions of recitation. It was passed by Parliament in the latermath of the 1968 Ford sewing machinists strike1234 and came into force on 29 celestial latitude 1975. The term deport is interpreted in a broad genius to include, on top of wages, things like holidays, pension rights, company perks and close to kinds of bonuses. The enactment has been amended on a number of recent occasions to coordinated a simplified approach under European Union honor that is common to all member states.Equal sacrifice for women is an get along regarding correct inequality between men and women. It is oft introduced into domestic politics in many first world countries as an economic problem that inevitably governmental intervention via regulation. The Equal Remuneration Convention requires its over clx states parti es to sacrifice back equal birth for men and women. A subject commission by the International Trade Union Confederation in 2008 orders that, base on their survey of 63 countries, there is a signifi fundamentt sex pay col of 15. 6 %.Excluding Bahrain, where a positive gap of 40% is shown ( delinquent possibly to truly low female person participation in remunerative habituatement), the global figure is 16. 5%. Women who ar engaged in become in the informal economy have not been included in these figures. Overall, throughout the world, the figures for the sex activity pay gap range from 13% to 23%. The report found that women atomic number 18 often educated equally game as men, or to a high level scarce high education of women does not necessarily lead to a smaller pay gap, however, in some cases the gap actually increases with the level of education obtained.The report also argues that this global gender pay gap is not receivable to want of training or expertis e on the part of women since the pay gap in the European Union member states increases with age, years of helper and education. 45 www. employeebenefits. co. uk/item/11642/pg_dtl_art /pg_ftr_art Under the Equality Act 2010, employers can no longer use secrecy clauses to prevent employees from discussing pay rates. According to figures from the dominance of National Statistics, the median gender pay gap for full-time take iners in the private sector is 20. %. Employers can identify any pay gap via pay audits and job evaluations. Issues making it difficult for women to get to top jobs should be tackled. Yahoo answers assume you employ 7 women and 7 men, all the said(prenominal) age, and you pay them all the same wage for the same job.. then 3 of the women tell you that they want to leave, to have a child.. you have to pay them maternity leave and hold their job open, in case they want to return, after they have had their child.. t costs you a fortune to employ 3 some separate p eople, and the pregnant women as well.. so, do you pay them the same as a man.. who will not cost you the same even if their wife gets pregnant.. or do you pay the men to a greater extent(prenominal), because they will not leave.. or do you just employ men, and then you do not have the problem in the first place http//www. tuc. org. uk/equality/tuc-14435-f0. pdf Explaining the gender pay gap There have been a number of studies that have use statistical modelling techniques to explain why we have a gender pay gap.A comparatively recent and very thorough take in, victimisation data from the British Household Panel Survey (a large street smart survey, that that looks at how peoples lives change over time) explained the gap in terms of four explanations35 36 percent of the gender pay gap could be explained by gender differences in lifetime works patterns, including the mooring that women, on average, spend slight of their c arers than men in full-time jobs, more in part-time j obs and have more interruptions to their careers for childcare and other family responsibilities. 18 percent is caused by labour market rigidities, including gender requisition and the fact that women are more likely work for small firms and less likely to work in unionised firms. 38 percent is caused by direct discrimination and women and mens different career preferences and motives (some of which are in turn the result of discrimination). 8 percent is the result of the fact that older women had poorer educational attainment. Another way of explaining the gaps is to analyse the problem in terms of three broad themes Under-valuing of womens work An employment punishment for mothers Gender segregation http//assembly. coe. int/documents/ running(a)docs/doc05/edoc10484. htm C. The wage gap 17. There are several(prenominal) dimensions to the problem of the wage gap First, there is the authorised case of a man and a woman doing exactly the same job (whether in a factory or on the stock market floor), but the woman being paid less for it. This used to be a common problem, especially in Western Europe, and many countries have illegalize this type of wage discrimination there even exists an ILO Convention knowing to eliminate it21, dating back to 1951, as well as a 1975 European Council Directive22.But, as several recent studies conclude, even this type of classic wage discrimination persists in many countries, which prompted the European Commission to issue a (non-binding) Code of Practice on the implementation of equal pay for work of equal value of women and men as recently as 199623. For example, a Eurostat study of 2003 showed that the average earnings of women in full-time employment in the EU (at that time, of 15 member states) stood at only 70-90% of those of men.Similarly, the 2004 UNIFEM study I mentioned in the previous chapter shows that the annual average earnings of women in the year 2000 stood at 73. 28% of mens in the Czechoslovakian Republi c, 79. 96% in Poland, 75. 01% in Slovakia and 88. 82% in Slovenia24. 18. Second, women are often paid less than men for work of equal value. This type of discrimination is usually based on horizontal occupational segregation by sex. For example, the level of education and experience required to work in a certain job might be the same, but women are paid less (e. . chauffeurs/taxi drivers are usually paid more than cleaners or receptionists). In some countries, wage levels have foregone down in certain professions when more and more women enter them (for example, doctors and teachers in aboriginal and Eastern Europe). 2002 data cited by Mrs Leitao relating to the average salary of women working full time compared with that of men in the same circumstances show that, in the 18 countries covered by a recent European survey, the average difference, to womens disadvantage, is till approximately 20%, with wage discrimination in the strict sense being estimated at 15%25. Various other in ternational studies have shown that around one-third of the female-male pay differential is due to occupational segregation by sex, and that some 10 to 30% of the gender pay gap re principal(prenominal)s unexplained i. e. due to discrimination26. 19. In the Central and Eastern European countries, certain professions have gained the connotation of being feminized as these professions (the above mentioned teachers, nurses etc. are dominated by women. Nevertheless, even these professions are highly segregated although women account for more than 70% of all teachers, there is proportionally a larger number of men school directors. This is very often the result of a reverse action, when the need for more men in the profession is felt, and thus their pay-rise and promotion is faster. When we compare it to the situation in politics, where there are more men than women, the society does not feel any similar need. 20.Third, women earn less, on average, than men in their lifetime (and thus also receive smaller pensions when they retire). In admittance to the two factors mentioned above, there are several other possible explanations for this phenomenon Women work less during their lifetime (calculating periods of maternity leave and part-time work) and women have less of a career, as they are often discriminated against when it comes to promotions to higher-earning posts27 this is usually called vertical occupational segregation by sex.As the ILO points out Womens take down educational attainments and intermittent career paths are not, contrary to conventional belief, the main reason for gender differentials in pay. Other factors, such as occupational segregation, biased pay structures and job classification systems, and decentralized or pallid collective bargaining, appear to be more important determinants of inequalities in pay. 28 21.Apart from womens lower pensions, it is important to see the tight interrelatedness of female length of life and feminization of poverty since women live longer, for some period of their life, they share their pension with their partner however, when he dies, they are go away to live on their pension which is usually much lower than their existing standards. One example connected to womens pensions is pension insurance as women live longer and although they generally earn less, to attain a net sum similar to men they are expected to pay higher sums for their monthly pension insurance. 2. Furthermore, economic recessions often affect women more than men as far as unemployment is concerned (many companies unfortunately still bank that it is more important to keep a male breadwinner in employment), and womens needs or the determination to keep on working wherefore leads them to accept levels of pay not consonant with the principles of equality and fairness or dissuades them from reporting cases of discrimination for fear of losing their jobs.This is why, as Mrs Leitao correctly pointed out, all those have -to doe with in combating wage discrimination (bodies promoting equality, labour inspectorates, courts, trade unions, NGOs etc) should step up their capacity to intervene to try and close the wage gap. 23. This issue can be illustrated with an example common to all European countries when textile companies, which employ mostly women earning very low salaries, were threatened with closure, no major discussions were held about unemployment issues. But as soon as coal and other mines, where male breadwinners worked, were being closed down, those discussions were launched widely.There are a number of barriers to womens career development here are a few examples32 lack of management or line experience lack of mentoring and role models for women at the highest levels exclusion from informal networks and channels of communication (the old boys network is plain still going strong in many countries) stereotyping and preconceptions of womens roles and abilities, cargo and leadership sty le sexual and moral harassment, bullying and mobbing unfriendly integrated culture.

The Bluest Esyes

?Latishia Taylor 5th Hour AP face The House, the no-count eyes, the marig rares. Oh My In the novel The Bluest Eye, there were a roofy of roles of symbolism. symbolism is the practice of representing things by means of symbols or of attributing symbolic meanings or entailment to objects, events, or relationships. The title by itself starts off one of the many symbols in the novel. Seeing the novel uses the singular form of the word eye to mouth many of the characters sad isolation. The symbols in this novel present different meanings for individu completelyy character.Some of the symbols argon the bluest eyes, the erect, the marigolds. The novels begins with a prologue, beginning with a sentence from a Dick-and-Jane narrative Here is the house(3). The homes in this novel do not solely indicate the social economic status , but they overly symbolize the emotional situations and values of the characters who inhabit them. For instance the Breedloves storefront a betterments l amentable and aged, suffering from Mrs. Breedloves preference for her employers home over her own. This symbolizes the misery of the Breedlove family.Their home lacks positive symbols such as the couch creation idea of as a comfort provider or the loving that has been conducted upon it, a bed being defined by roughlyone giving produce in it. Just as the family has an ironic name they do the quantity opposite of their name the few household objects that they do possess a ripped couch, a cold stove, are symbols of suffering and degradation rather than of a home. The Breedloves apartment not only is considered ugly on their part but the community recognizes this in any case. The ugliness of the abandoned storefront and its defiance to croak in with the other buildings that surround it.This symbolizes the hideousness of the Breedloves fiction a story not only about the ugliness they create but also about the ugliness brought out against them. Just as the storefront has outrigh t been abandoned, they have also been abandoned by the world around them. foreign the Breedloves home the MacTeers is drafty and dark, but it is carefully tended by Mrs. MacTeer and. According to Claudia it is also filled with love, symbolizing their familys comparative cohesion. at that place is a young girl in this novel that goes a lot of complications. Her name is Pecola and she is the daughter of Mr. nd Mrs. Breedlove. Where she has one wish and that is to have the bluest eyes. When her parents prevail into arguments she lies in bed imaging that altogether her body parts are dissolving except for her eyes. Please,God, she whispered in the palm of her hand. Please influence me dissappear(45). She hates her ugliness and for a long time she hoped and prayed for blue eyes, which will set out her beautiful and change all the evil in her life to good. To Pecola, the blue eyes symbolize the beauty and happiness that she associates with the white middle-class world.They also sym bolize her own blindness, for she gains blue eyes only at the price of her sanity. Pecola decides that if she had beautiful eyes, her life would magically right itself. She wants blue eyes for ii reasons so that she can change what she put one acrosss, and so that she can change how others see her. For Pecola, these reasons are interchangeable because she believes that how people see her as ugly, creates what she see foul behavior. At the end of the novel Pecola goes mad, believing that she has gotten the blue eyes that she has been deficiency for. She also imagines up a n imaginary friend.Pecola can not stop admiring her eyes she claims that now she can even look at the sun without blinking. Rather than granting Pecola insight into the world around her and providing a compensating continuative with other people, these eyes are a form of blindness. Pecola can no longer accurately perceive the outside world, and she has become more occult to others. He new friendship is only i magined and does not protect her from old suffering and insecurity. Even though she granted her wish of blue eyes, she bland has scars deep down on the inside that wont be to just disappear.During the novel Pecola is also raped and impregnated by her take. The community estimation she should be taken out of school and hoping that the bollix doents not live. I thought about the baby that everybody wanted dead(190). When Claudia and Frieda heard about Pecola being impregnated by her father that felt the need to help her. At depression they just thought to pray and ask God to let the baby live, but then they thought that wasnt enough so they clear-cut to give up the bicycle they wanted, go under the coin and plant the marigolds seeds. well bury the money over by her house so we cant go back and dig it up, and well plant the seeds out back of our house so we can watch over them. And when they come up, well know everything is all right. All right(192)? To Claudia an Frieda, th ey associated the marigolds with the safety and well-being of Pecolas baby. Their ceremonial offering of money and the remaining unsold marigolds seeds represent an honest sacrifice on their part. They believed that if the marigolds they had lay grew, then Pecolas baby would be all right.To Claudia s and Friedas disliking the flowers did not bloom and Pecolas baby died when it was prematurely born. From there aside on, they avoided Pecola Breedlove. In a more general sense, marigolds represent the constant replacement of nature. In Pecolas case, this cycle of renewal is perverted by her fathers rape of her. This novel consisted of a lot of symbolism. Most of which all were involved with Pecola. In some shape, way, or form Pecola was affected by all the symbols in the novel. Some good effects, some bad effects, some had a little bit of the both effects.

Internship Report on Banking Business Activities of Mercantile Bank Limited, Satmasjid Road Branch Dhaka.

screennship Report On margeING BUSINESS ACTIVITIES OF mercenary BANK LIMITED, SATMASJID ROAD BRANCH DHAKA. pic Submission Date fifteenth November, two hundred9 fain for Prof. Md. Ashraf Hossain Dean, School Of job Asiatic University of Bangladesh Dhanmondi Complex syndicate 36, Road 27 (Old), 16 (New) Dhanmondi R/A, Dhaka-1209 pic Prep atomic function 18d ByJOBYDA JESMIN ID 200521050 Batch 24th percentage Finance Program BBA Dhanmondi Complex Asian University of Bangladesh Letter of Transmittal 15th November, 2009 Prof. Md. Ashraf Hossain Dean, School of commerce Asian University of BangladeshSubject Submission of Internship Report. Sir, Its my colossal pleasure to put forward the Internship report titled deposeing Business routineivities of mercenary buzzword especial(a) that you farm asked me to prep be as a partial fulfilment of my graduation. I have tested my best during common chord months working stop e re every last(predicate) in allywhere to follo w the instruction of you in preparing this report. Through aside(a) the report I tried to demonstrate the available operate matter of this branch of mercenary brim hold. Finally, I would interchangeable to thank you for your valuable guidance and advice for preparing this report.I thereby strongly hope and believe that you would be kind enough to drive this report and shit me a pleasure to be obliged. Thanking for your prison term and reviews. unfeignedly Yours, JOBYDA JESMIN ID 200521050 Batch 24th piece Finance Program BBA Dhanmondi Complex Asian University of Bangladesh Acknowledgement for the first time of all I would like to express my trench gratitude to the almighty bothah for preparing this internship report luckyly. Internship is the part of the Bachelor of Business Administration (B. B. A. ) curriculum that brooks on the job feature for the students.The students get chance to work closely with the nation of the organization and l see nigh the functions, responsibility and the environment of the organization. The internship course of remove enables a student to develop their analytical skills and scholastic aptitudes and to have a ruled- intent preference of the academic knowledge. I express my deep gratefulness to Mr. Md. Sadruzzaman, executive rateor delinquency chairman, for his kind permission to allow me for tether months practical orientation in m mavinymaking(a) buzzword. My special gratitude goes to Mr.Shamim Ahmed, cured Vice-President & Manager of moneymaking(a) sticking concern Ltd, Satmasjid Road show quantify, for his modern outlook and meticulous supervision to carry out the job perfectly. I am rattling grateful to Mr. Mamun Hossain, executive director short letterr, for dowry me a lot. Moreover I am very much glad to my internship in-charge in heterogeneous departments and all the officers of mercenary shore Ltd of Satmasjid Road limb for at cardinalding me very much although having their busyness. Without their help and friendly cooperation it could be very much difficult for me to complete the report in snip.So once again I want to express my gratitude to all of them. Acronyms MBL = Mer great dealtile bank Ltd. AD = Authorize Dealer PO = expect Order A/C = beak CDS = Central flummoxionory System DD = Demand Draft ERC = exporting Registration authentication FDBC = unlike Documentary Bills For Collection OBC = outbound Bills for battle array IBC = Inward Bills for Collection GDP = Gross Domestic Product TT = Telegraphy Transfer L/C = Letter Of realisation BR = defineers Report IBCA = Inter branch credit advice IBDA = Inter split up debit Advice IMF = Inter field Monitory Fund IRC = merchandise Registration Certificate KYC = discern Your Customer CCI & E = Chief Controller Of Import & exportation LDBP = local anaesthetic Documentary Bills Purchases FC = inappropriate Currency seat = Tax Identification result LCAF = L etter of de nonation Authorization Form BTB = Back to Back FDBC = conflicting Document Bill Collection SWIFT = Society For Worldwide Inter depone fiscal Telecommunication FDBP = distant Documentary Bill Purchased executive SummeryThis is an internship report based on the internship program took place in moneymaking(a) bank building Ltd, Satmasjid Road complication, The main objective of this report is to read the banking comp eithering Business Activities and per digitance of Mercantile commit Ltd. I got just three months to gather practical knowledge from this branch, although it was too difficult to gather supreme and proper knowledge inwardly this short range of duration. There is a great supportive role of curseing system in human society. It p bring downs a vital role for the scotch development of a sphere. swears are fiscal-service firms, producing and change professional wariness of the publics bills as well as head for the hillsacting many opp osite roles in the cause upnce. The write up was to analyze Banking Business Activities of Mercantile Bank Ltd, Satmasjid Road distinguish especially ? command beveling ? Foreign reciprocation and remittance address & Advance department Firstly, I worked for unmatchable month in General Banking. During this period I tried my best to go a huge most of the basic stuffs. illumination section was important part to counselling on. There were other sections such(prenominal) as Account opening section, ready reckoner section, Cash counter section. act month I worked in the bring and Advance celestial sphere. And I tried my best to beneathstand what to deal about, what to conceptualise about when approaching for any loan proposal. In the final twenty-four hourss, I was in Foreign transfer department. There I was involved in learning the Import LC, Export LC, the operation of back to back LC, living accommodations & settlement of LC, IBP & FBP and so onMost of all I t ried giftl & soul to present all that I have learnt & thought to be comprehensive to me. Though a short time I got to be introduced with all the activities of posit entirely I tried my best to spend full of me in the practical orientation in delivers bank as well as in the report writing. TABLE OF CONTENTS Chapter virtuoso debut Page No. 1. 1 Introduction 11 1. 2 compass of the Study. .. 12 1. 3 Rational of the Report.. . 12 1. 4 Objectives of the Report 13 1. 5 Methodology . 14 1. 6 orbital cavity of the report . 15 1. 7 Limitations of the Study. 5 Chapter both Overview of Mercantile Bank Ltd. 2. 1 Banking sector in Bangladesh 17 2. 2 Historical background of MBL . 18 2. 3 Vision Mission & objectives of MBL20 2. 4 Core de stipulationine 21 2. 5 Management expectation of MBL.. 22 2. 6 Divisional aspect of MBL.. 23 2. 7 first Network 24 2. 8 Information about the Satmasjid Road Branch. 26 2. 9 Financial Performance of MBL.. 27 2. 10 personality of Business28 2. 1 Fin ancial Products and Services of MBL 29 2. 12 doctrine form _or_ system of government of MBL.. 33 Chapter Three General Banking Activities 3. 1 Introduction. 35 3. 2 Account initiation 36 3. 3 contrastive Types of aim and Features 39 3. 4 Cash Department 45 3. 5 clear House 46 3. 6 release PO, DD, TT .. 47 3. 7 Dis stain 7 3. 8 Issuing Cheque 48 3. 9 Closing of an Account49 Chapter Four Foreign convince Department 4. 1 Introduction .. 52 4. 3 Letter of point of reference (L/C) .. 53 4. 4 Parties to Letter of acknowledgment 54 4. 5 Import Procedures. 57 4. 6 Requirements of an importer to open an L/C 58 4. 7 Lodgment of Import Document 62 4. 8 Export Section. .. 65 4. Back to Back L/C .. .. 66 4. 10 Documents inevitable for opening a Back to back L/C.. 66 4. 11 Foreign remission of sin.. 67 4. 12 Foreign Correspondent Bank. 68 TABLE OF CONTENTS Chapter Five Credit DepartmentPage No. 5. 1 Introduction .. 72 5. 2 Importance of Credit.. .. 73 5. 3 Forms of Advances. 74 5 . 4 Process of loan government agency 75 5. 5 distinguishable types of loan and interest rates.. .. 78 5. 6 Types of Credit dodging make by the MBL .. 79 5. impart categories and their Features.. .. 83 . 5. 8 Credit form _or_ system of government of MBL94 5. 9 Credit Risk Management of MBL . 95 5. 10 Credit Risk grade. 97 5. 11 Mechanism of Credit Distribution of the MBL.. 101 5. 12 Necessary Documents for impart Settlement 103 5. 13 Credit Recovery of MBL.. 104 Chapter half(prenominal)-dozen new(prenominal)s Services of MBL 6. 1 wags of MBL. 108 6. 2 Online Banking 109 6. 3 SMS Banking service.. .. one hundred ten 6. 4 SME Service Centre. 10 6. 5 MBL Brokerage House111 Chapter Seven routine 7. 1 Findings.. 113 7. 2 Recommendation 114 7. 3 Conclusion119 7. 4 Bibliography. 120 pic Chapter 01 INTRODUCTION 1. 1 Introduction 1. 2 Background of the field of potency 1. 3 Rationale of the report 1. 4Objectives of the Report 1. 5Methodology 1. 6Scope of the report 1. 7Lim itations of the study 1. 1 Introduction Internship is a temporary work program in which a student can gain supervised practical experience in a particular professional field.It is the period of time during which a novice in a field serves in a foot soldier capacity and continues to gain experience the learning period before one becomes an expert. Practical acquaintance is highly needed to match with the theoretical thought and knowledge. Banking industries are the best organization to practice the theoretical knowledge. This sector plays very important role in the economic life of the nation. The health of the deliverance is closely related to the soundness of its banking system. Although banks create no parvenue riches but their borrowing, lending and related activities urge the exercise of intersection pointion, distribution, vary and enjoyment of wealth. In this port they become very effective partners in the process of economic development.Within our country there ar e government banks, semi government banks, confidential sector commercial banks of Bangladesh and in any case it is the second-generation private bank in Bangladesh. It started its important moment when Bangladesh economy was chthoniangoing with massive economy reforms and pursing unilateral and multilateral trade liberalization with the backdrop of the World Bank made international Monitory Fund *IMF* recommendation. This Mercantile Bank Ltd with its 42 Branches in Manipulate location of the country providing the best quality services to the clients and customers. For the duration of my 3 months internship period from 1st July to 8th October , 2009 in Mercantile Bank Ltd.Those types of experiences I have acquired these are bring together to acquire this report. 1. 2. Background of the study Banks play an important role in the crinkle sector and promoting industrialization and economic development of a country. Banks provide requisite funds for executing various programs ch thonicway in the process of economic development. This paper is entitled Overall Banking Activities of Mercantile Bank Limited originated from the fulfillment of the internship program. I have selected this topic to have insight knowledge about the Activities of Mercantile Bank Limited and to get an thought process about the various types of bank deposit, loan which are mostly provided.This study leave behind too give me a vague idea about the rules and regulations of providing loan, loan recovery and general lending functions of a commercial bank. After three months of internship period I am supposed to prepare this report revealing findings, knowledge as well as experience gathered during internship period. 1. 3. Rationale of the report Knowledge and learning become perfect when it is associated with theory and practice. Theoretical knowledge gets its paragon with practical application. As our teaching methodal system predominantly text based, cellular inclusion practical o rientation program, as an academic component is as riddance to the norm.As the parties, educational institution and the organization substantially service from such a program, it seems a win-win situation. It establishes contracts and networking contracts. Contracts whitethorn help to get a job. That is, students can train and prepare themselves for the job market. A poor country like Bangladesh has an overwhelming turn of events of unemployed educated graduates. As they have no internship experience they have not been able to gain popular professional experience of establish networking system, which is important in getting a job. Recognizing the importance of practical experience, an opportunity is offered by Asian University of Bangladesh for ts potential fear graduates to get three months practical experience, which is known is as Internship Program. For the emulation of this internship program, the author of the study was placed in a bank namely, Mercantile Bank Limited. Internship Program brings a student closer to the real life situation and thereby helps to launch a career with near prior experience. 1. 4. Objectives of the Report ? Broad Objective The study was conducted to make a review and analysis of the activities of MBL which include General banking, Credit Department and Foreign Exchange Sector. This paper attempts to discuss boilersuit activities of MBL prescribed so faraway by Bangladesh Bank with a view to ensuring financial soundness of the banking sector.The purpose was also to make recommendations for improving the quality and soundness of those processes for consideration of the bank management. ? Specific Objectives The specific objectives of this study are as follows To present an over view of MBL. To know about the area of general Banking. To analysis the lend procedures maintained by MBL. To observe tether lending activities of MBL. To evaluate Lending setance of MBL. To know Foreign Exchange operations of MBL. To recommend suggestions for the successful Banking Operations of MBL. 1. 5. Methodology For teaming up the entropy & information collected through primitive & secondary cums, I have used both qualitative & quantitative method.During my study I followed well-nigh methodology to find out the fact & feature of the Bank which are wedded as follows (A) eye socket of study My project is the overall activities of MBL with reference to Saatmasjid Road Branch, Dhaka. In enunciate to carry out the research work, I focused on winning the interviews of the Personnel involved in the different departments, Manager and Senior take Employees, Business Clients and Account Holders and Particular departmental heads. (B) Sources of selective information/information I have collected my information/data from the following sources, which helped me to make this report. The source has divided by two parts. Such as, 01.Primary source 02. unoriginal source Primary sources Many of the data and informat ion were collected from my practical experience and queries from the executives and from related instruments while doing my internship at MBL. Secondary sources Secondary data are collected basically from observation & collection from Journals, Brochures, Annual Reports, Paper, Magazines, Publications, Books and others form of publications as well as websites. Different statistical tools like mean, frequence distribution, tabular and graphical presentation are used to analyze data. 1. 6. Scope of the report In this report I tried to describe overall banking performance.This report is a descriptive study which tries to focus on the theories and practices of banking activities in the context of the financial institutions in Bangladesh. It impart not focus on the comparable practices of other banks. The study has covered a curtail idea on MBL, operational scenario of three departments of Mercantile Bank Limited, Saatmasjid Road Branch. Mentioning that, operations of three departments are closely related to each departments activity as well. This lead eventually refer that how the bank help the customers securing their cash and assets, getting credit facility, re suffering loan measuring stick and banks regulatory compliance ,lending policy etc. Overall banking system for fabrication experience, my scheduled time was divided in various departments, such as Department Days General Banking 25 Clearing 15 investiture & Credit 25 Foreign Exchange Division 25 1. 7. Limitations of the study In conducting the study, some problems were created which whitethorn be termed as terminal points of the study. They are as follows The study does not cover critical analysis and implementations of comparative study in an intensive manner. During my internship program up to exit information was not published. Relevant papers and documents were not available sufficiently. The time of this study was very inadequate to obtain depth knowledge in every department. The bank officials though helpful in every respect do not have much time to explain the internal procedures. Another limitation of this report is Banks policy of not dis windup some data and information for obvious reason, which could be very much useful. This study altogether depended on official records and yearbook reports. Sufficient record, publications, facts and figures were not available, these constraints narrowed the compass of accurate analysis. This report is restricted only to Mercantile Bank Ltd. pic Chapter 02 Overview of Mercantile Bank Ltd. 2. 1. Banking sector in Bangladesh 2. 2.Historical Background of MBL 2. 3. Vision, Mission and objectives of the bank 2. 4. Core treasures 2. 5. Management aspect of MBL 2. 6. Divisional aspect of MBL 2. 7. Branch Network 2. 8 Information about the Satmasjid Road Branch. 2. 9Financial Performance of MBL 2. 10Nature of Business 2. 11. Financial products and services of MBL 2. 12 Credit Policy of MBL 2. 1. Banking sector in Bang ladesh Banking system occupies an important place in an economy. A banking institution is indispensable in modern society. It plays a liberalization of political economy policies in Bangladesh. Certainly banks can be identified by the functions they perform in the economy.Banks act as financial intermediary by transferring funds from savers to borrowers and in containing for goods and services. In 1971, Bangladesh, was East Pakistan, emerged as an independent country. In immediately nationalized the entire Banks expanding 3 Foreign Banks, sextuplet fieldize Banks were thereof formed. In 1983 a new policy was implemented allowing private sector participation in the industrialization. As a part of this process, two national commercial Banks were against denationalization and a number of Private Commercial Banks were allowed to operate. Among these Pubali Bank and Uttara Bank were the scratch to be decentralized. Particulars Number of Banks Nationalized commercial Bank 04 Privat ized commercial Bank 30 Specialize Bank 05 Foreign Bank 10 Co- Operative Bank 01 Grameen Bank 01 Total = 51 sidestep 1 Schedule Banks in Bangladesh. 2. 2. Historical Background of MBL Mercantile Bank Limited emerged as a new commercial bank to provide high-octane banking services and to contribute socio-economic development of the country. The Bank commenced its operation on June 2, 1999. The Bank provides a broad range of financial services to its customers and embodied clients. The visiting card of managers consists of eminent personalities from the dry land of commerce and industries of the country.Mercantile Bank Ltd (MBL) was incorporated in Bangladesh as a Public Company, Limited by shares under the Companies Act 1994 as on May 20, 1999 and subsequently obtained Banking Operation License from Bangladesh Bank under the Bank Companies Act 1991 and commenced commercial operation on 02 June 1999 to provide efficient banking services and to contribute socio-economic development of the country. The bank has 42 branches and 3 SME service center. It has listed in the Stock Exchanges at Dhaka and Chittagong in 2003 and 2004 respectively. The bump of MBL is committed to make it a little more different and a bit special qualitatively. This bank has new vision to fulfill and a new goal to achieve. The bank has been manned with talented and experienced personnel office equipped with most modern technology so as to make it most efficient to meet the call for of 21st century. The Head Office of the Bank situated at 61, Dilkusha commercial Area, Dhaka.The Board of Directors consists of eminent personalities from the realm of commerce and industries of the country. The Authorized corking of the Bank is Tk. 3000 zillion and the Paid -up Capital is Tk. 1798. 68 million. The Bank provides a broad range of financial services to its customers and corporate clients It has a boastful asset position comprising of Tk. 55928. 72 million in December 2008. pic 2. 3. Vision, Mission and objectives of the bank Vision Would make finest corporate citizen Mission Will become most caring, focused for equitable evolution based on diversified deployment of resources, and nevertheless would remain healthy and gainfully profitable Bank. Objectives of Mercantile BankThe objective of MBL is not only to earn profit but also to keep the social loyalty and to escort its co-operation to the persons of all level, to the backupman, industrialist specially whom are engages in establishing large scale constancy by consortium and the agro based export oriented strong suit and humbled scale industries by self inspiration. Strategic Objective ? To achieve scotch Value Added (EVA) each year. ? To be market leader in product innovation. ? To be one of the top three financial institutions in Bangladesh in terms of cost efficiency. ? To be one of the top five financial institutions in Bangladesh in terms of market share in all significant market segments t hat the bank serve. Financial Objective To achieve a deport on share toters equity of 20% or more, on average. 2. 4. Core values For the Customers providing with the caring services by gentlemans gentleman innovation in the development of new banking products and services. For the dowry toters maximizing wealth of the bank. For The Employees respecting charge dignity of individual employees devoting their energies for the progress of the bank. For the Community strengthening the corporate values and taking environment and social risks and reward into account. INVESTORS INFORMATION Investor can be informed about any information from Dhaka Stock Exchange Website and Banks website www. dsebd. org www. mblbd. com 2. 5.Management aspect of MBL The Board of Directors being at the highest level of organizational structure plays an important role on the policy formulation. The Board of Directors is not directly concern with day-to-day operation of Bank. They had delegated their ches t to the Managing Director and CEO to look after the day-to-day affairs of the Bank. The Bank is running by an excellent management team under the direct supervision of a competent Board of Directors. The Board of Directors comprises fundamental thirteen members, which is within the maximum limit as imposed by BPRD circular-12, date April 26,2003of Bangladesh Bank, headed by the Chairman.Md. Abdul Jalil, is the present Chairman of the Board. The Managing Director (MD) and CEO head management team. Mr. Dewan Mujibur Rahman is the present Managing Director and CEO of MBL. The management hierarchy of Mercantile Bank Limited is given below Board of Directors Managing Director Additional Managing Director Deputy Managing Director Senior Executive Vice President Executive Vice President Senior Vice President Vice President First Vice President Asst. Vice President First Asst. Vice President Senior Principal Officer Principal Officer Senior Officer Officer J unior Officer Assistant Officer inscribe The management hierarchy of MBL 2. 6. Divisional aspect of MBL There are total fourteen divisions in the Head Office of MBL. List of various divisions of MBL is given below Audit and Inspection division Central Accounts Division Credit Division Marketing, Development Banking Division General Services Division tender Resources Division International Division Information Technology Division seek Division Treasury Market Division Board Secretariat& Share Dept. Cost Control Dept. Law & Recovery Dept. Card Cell soma Divisions of MBL 2. 7. Branch Network MBL is one of the 3rd generation commercial Bank in private sector of Bangladesh. The Bank within stipulation lay down by the Bank Company Act 1991 and directives as original from Bangladesh Bank from time to time provide all types of commercial Banking services. It has 42 branches all over the country and also enlisted the Dhaka and Chittagong stock exchang e as publicly quoted company for its general class of share. Banks put forward Name of Region/Zone No. f Branches Dhaka 19 mercenary BANK LIMITED Gazipur 02 Chittagong 06 Sylhet 02 Moulvibazar 01 Comilla 01 Noakhali 01 Bogra 01 Rajshahi 01 Rangpur 01 Barisal 01 Khulna 01 Naogaon 02 Coxsbazar 01 Feni 01 Shariatpur 01 Total Branches 42 Table Branches of MBL pic 2. 8 Information about the Satmasjid Road Branch Address of Branch Satmasjid Road Branch House 735(old), 82/A (New) Road 8/A (New), Satmasjid Road Dhanmondi, Dhaka-1205 e-mailemailprotected com Phone 9139183, PABX 8112463-4, 9141148 Fax +88029139183 SWIFT MBLB BD DH Opening Date 1st November, 2004 as 22nd Branch of MBL. Number of Employees 22 Name of Manager Shamim Ahmed, Vice President & Head of Branch. Mercantile Bank has purchased the land and building of this Branch Last month where it operates. 2. 9 pecuniary PERFORMANCE OF MERCANTILE BANK LIMITED (BDT in million) MERCANTI LE BANK LIMITED AT A GLANCE Particulars 2005 2006 2007 2008 Authorized Capital 1,200. 00 3,000. 00 3,000. 00 3,000. 00 paying-up Capital 999. 27 1,199. 12 1,498. 90 1,798. 68 Total Assets 28,890. 48 37,159. 65 44,940. 54 55,928. 72 locates 25,087. 43 33,332. 65 39,348. 00 49,538. 36 lend & Advances 21,857. 05 26,842. 14 31,877. 86 41,993. 5 Import 33,271. 90 42,442. 80 40,380. 10 56,528. 80 Export 24,108. 57 34,592. 10 32,670. 10 43,108. 50 Remittance 679. 10 2,989. 10 3,510. 40 4,722. 90 Profit after tax revenue 386. 83 494. 22 540. 50 615. 88 No. Of Branches 28 35 41 42 No.Of Employees 663 879 945 1115 No. Of Foreign Correspondents 266 306 584 586 2. 10. Nature of Business The Bank engaged in all types of commercial Banking services within the stipulations laid down by Bank Companies Act 1991 and directives as authoritative from Bangladesh Bank from time to time. All types of Commercial Banking Services are provided by the Bank within the stipulations laid down b y Bank Companies Act. 1991 and directives as received from Bangladesh Bank from time to time.Commercial Banking is the core activity of Mercantile Bank Limited. The bank serves all type customers ranging from individuals to corporate bodies, both private and public. Mainly MBL collects deposit from the tidy sum at inflict rate and invests the equal to the people again at higher rate. And difference between pull down rate of deposit and higher rate of investment is the earnings of the Bank. MBL generally invests in industrial sector like short term, Middle term as well as long term for import of detonating device machineries, establish new industry and working capital tendings with this Bank plays a significant role in Bangladesh economy. The functions of commercial banks are now wide and varied. However the unctions of commercial banks may broadly be classified into the following three categories 1. General Banking 2. Credit and investment 3. Foreign Trade (Import, Export & R emittance) 2. 11. Financial products and services of MBL The bank has launched a number of financial products and services since its inception. Among them the followings have attained wide acceptance among the people ? Various stay put purposes ? Double clear puff stratagem (DBDS) ? Family sustentation situate (FMD) ? Mashik Sanchaya Prokalpa (MSK) Or periodical savings outline (MSS) ? Quarterly bring in accommodate fascinate ? 1. 5 Times attain Deposit Scheme ? Advance get ahead Deposit Scheme (ABDS) OrAgrim Munafa Amanat Prokolpo (AMAP). Deposit Schemes Monthly Saving Scheme The prime objective of this dodging is to incite the people to develop their habit of saving. Under this evasion, one can save a strict amount of return every month and get a lucrative amount of return after five, eight or ten years. Family Maintenance Deposit Scheme Under this scheme, one can deposit a certain amount of money for five years and in return he/she leave behind receive benefi ts on monthly basis. Benefit start right from the first month of opening an account under the scheme and continue up to five years. On maturity the principal amount testament be gainful back. Double Benefit Deposit SchemeUnder this scheme, one can deposit a certain amount of money for a six year period. After six years, the deposit amount will be doubled. Quarterly Benefit Deposit Scheme Under the Quarterly Benefit Deposit Scheme, one can deposit for a period of three years and in return depositor will receive benefits on quarterly basis. Benefit starts right from the first quarter of opening an account under the scheme and continues up to three years. On maturity the principal amount will be stipendiary back. 1. 5 Time Benefit Deposit Scheme Under the 1. 5 Times Benefit Deposit Scheme, one can deposit a certain amount of money for 42 months or three and half years. On maturity, the depositor will receive 1. 5 time of the deposited amount.Advance Benefit Deposit Scheme Under this Scheme, one can deposit a certain amount of money for two years. The depositor will receive the benefit on yearly basis. The benefit amount of first year will be received in advance at the time of deposit. On maturity, the depositor will get back the principal amount with the benefit amount of second year. ? Various Credit Schemes ? Consumers Credit Scheme (CCS) ? Car bring Scheme ? Doctors Credit Scheme ? Rural Development Scheme ? call for Financing ? Personal Loan ? lowly Loan Loan Products Consumer Credit Scheme Consumers Credit Scheme is one of the popular areas of collateral-free finance of the Bank. peck with limited income can avail of credit facility to buy family line goods including computer and other consumer durables. Small Loan Scheme This scheme has been designed especially for the businessmen who need credit facility for their business and cant provide tangible securities. Lease Finance This scheme has been designed to assist and encourage the genuine and capab le entrepreneurs and professionals for acquiring capital machineries, medical equipments, computers, vehicle and other items. Flexibility and easier terms and conditions of this scheme have attracted the potential entrepreneurs to acquire equipments of fruit and services and repay gradually from earnings on the basis of Pay as you earn.Doctors Credit Scheme Doctors Credit Scheme is designed to facilitate support to fresh medical graduates and established physicians to acquire medical equipments and set up clinics and hospitals. Rural Development Scheme Rural Development Scheme targeted for the rural people of the country to make them self-employed through financing various income-generating projects. This scheme is operated on group basis. Woman Entrepreneurs Development Scheme Women Entrepreneurs Development Scheme has been introduced to encourage women in doing business. Under this scheme, the Bank monetary resource the small and cottage industry projects sponsored by women. SM E Loan SchemeSmall and Medium Enterprise (SME) Loan Scheme has been introduced to provide financial assistance to new or experienced entrepreneurs to invest in small and medium scale industries with a comparatively low rate of interest as the same is assisted by the Bangladesh Bank with refinancing facilities. Personal Loan Scheme Personal Loan Scheme has been introduced to extend credit facilities to cater the needs of low and middle-income group for any purpose. Government and semi-government officials, employees of autonomous bodies, banks and other financial organizations, international companies, reputed private organizations and teachers of recognized public and private schools, colleges and universities are desirable for this loan. Car Loan Scheme Car Loan Scheme has been introduced to enable middle-income people to purchase Cars/SUVs/Jeeps.Government and semi-government officials, employees of autonomous bodies, banks and other financial organizations, multinational compan ies, reputed private organizations, teachers of recognized public and private universities and businessmen are eligible for this loan. Home Loan Scheme To meet the growing need of trapping for middle and lower-middle income people, MBL has introduced Home Loan Scheme. We also support the Bangladesh Banks Home Loan Refinance Scheme. The Scheme boosts up the growth of housing sector. Such loan shall be available for purchase or construction of new apartments for self-residing purpose. afield Employment Loan Scheme Overseas Employment Loan Scheme is designed to facilitate the Bangladeshi youths seeking employment aboard but who are unable to meet the expenses to reach the workplace from their own sources.The last objectives of the scheme is to promote skilled / semi-skilled manpower to different countries across the world as well as to provide support to Government Policy considering priority of this sector. By availing loan under this scheme, the active youths of middle and lower m iddle class can get overseas employment by avoiding borrowing from the illustrious class or village mohajon at a very high cost or selling their paternal properties. The scheme helps fetching foreign currency for the country as well as fulfill the Banks commitment to encourage micro-lending for poverty alleviation, improve the quality of life and thereby contribute to socio-economic development of the country. ? Foreign Exchange Services ? Export Finance ? Import Finance ? Inward Remittance ? Issue L/C ? Shipping Guarantee 2. 12. Credit Policy of MBLMBL credit policy contains the views of total macro-economic development of the county as a whole by way of providing financial support to the Trade, Commerce and Industry. Throughout its credit operation Mercantile Bank Limited goes to very possible corners of the society. They are financing large and medium scale business house and industry. At the same time they also takes care entrepreneurs through its operation of lease financing an d some micro credit, Small Loan scheme etc. As a part of its Credit Policy MBL through its credit operation maintains commitment for social welfare. The bank is coming up with a scheme where the under privileged children will be given financial support for education and self-employment.From operational aspects it is observed that as a matter of policy. i. Mercantile Bank Limited put emphasis on the customer i. e. the Man and the Business not on the Security in selecting borrowers. ii. It takes of diversity in credit portfolio. iii. It takes care maintaining proper Mix of short, medium and ling term finance in its credit portfolio familiarly they do not go for long term Finance for a period not exceeding 5 years. iv. Charging of interest is flexible depending on insisting of the proposal and the customer pic Chapter 03 General Banking Activities 3. 1 Introduction 3. 2 Account Opening 3. 3 Different Types of Scheme and Features 3. Cash Department 3. 5 Clearing House 3. 6 Issuing PO, DD, TT 3. 7 Dispatch 3. 8 Issuing suss out 3. 9 Closing of an Account 3. 1 Introduction All business concerns earn a profit through selling either a product or service. A bank does not produce any tangible product to sell but does offer a manakin of financial services to customers. General banking is the starting point of all the banking operations. It is the department, which provides day-to- day services to the customers. Everyday it receives deposits from the customers and meets their demand for cash by honoring cheque. It opens new accounts, remit funds, issue bank draft and pay orders etc.Since bank is confined to provide the service everyday, general banking is also known as retail banking. This section provides the following services Primary Information Account Opening Cheque Issuing Pay order Issuing Issuing Telegraphic Transfer (TT) Issuing Demand Draft (DD) Dispatch patch Clearing Cash department PRIMARY INFORMATION Customer gets primary information about the b anks services from this section. Then they are sent the other section under their demanding services. 3. 2 ACCOUNT initiative There are different types of account as offered by MBL i. Savings Account ii. ongoing account iii. STD (Short term deposit) iv. FDR (Fixed deposit receipt) v. MSS (Monthly saving scheme) nest egg ACCOUNT This account is basically offered those customers who want to save money at any time. Customer can save his/ her money according to his/ her annunciation. The stripped-down amount of opening charge of savings account is TK. 1,000. But it should be mentioned that when customer want to close the tax is deducted from the interest and have to pay closing charge TK. 100. If want to transfer customer have to pay TK. 200 for transfer charge. Requirements Form must be properly alter up experience a introducer who introduce the account holder ii copies of notch size photograph of account holder 1 retroflex of qualifying size photograph of candidate H ave to fill up declaration form where must mention amount of each act and annual turnover Have to fill KYC (Know Your Customer) form, Have to submit National ID Card ( for all customer) Have to submit student ID Card (for student) Have to submit trade license (for business) Deed (for partnership) Have to submit TIN number Have to submit photocopy of passport. ? CURRENT ACCOUNT Current account mainly opened for the Companies and partnership firm. The amount of this accounts operation would be big. The requirements of opening this account are given below. Requirements For separate / control stick Account Two photographs of account holder. Identity (copy of passport, National ID card, Commissioner Certificate). Joint Declaration Form (For joint a/c only). Employees Certificate (in case of service holder). One photographs of nominee. For Limited Company Copy of binding trade license. Copy of certificate of incorporation. Certified Copy of Memorandum of Associations a nd Articles of Associations. Up to Date List of Directors. Board Resolution Regarding Opening and Operations of Bank Account With Mercantile Bank Limited Branch. (Resolution should be in symmetry with the provision of Articles of Association of the Company. Copy of Certificate of Commencement of Business- for Public Limited Company Only. For compact Firms Copy of valid trade license. Copy of Partnership Deed. Letter of Account Agreement (Partnership) Duly Signed by all The Partners in Their Personal Capacity. Letter of Partnership Duly Signed by All the Partners in Their Personal Capacity. Club / societies account Two photographs of each account holder. Board Resolution for Opening A/C punctually certified by President/ Secretary. List of Existing Managing Committee. Registration (if any). safety Stamp. Permission letter from Bureau of N. G. O. (In case of N. G. O. A/C). ? SHORT border DEPOSIT(STD) This account is basically offered those customers who want to save money/ make transaction of a big amount at any time. The businessmen are mainly the customer of this account who makes huge amount transaction in a month.Customer can save his/ her money according to his/ her declaration. The negligible amount of opening charge of savings account is TK. 100,000. But it should be mentioned that when customer want to close, the tax is deducted from the interest and have to pay closing charge TK. 100. If want to transfer customer have to pay TK. 200 for transfer charge. Requirements Form must be properly fill up up Have a introducer who introduce the account holder Two copies of passport size photograph of account holder One copy of passport size photograph of nominee Have to fill up declaration form where must mention amount of each transaction and annual turnover Have to fill KYC (Know Your Customer) form, Have to submit National ID Card ( for all customer) Have to submit student ID Card (for student) Have to submit trade license (for busi ness) Deed (for partnership) Have to submit TIN number Have to submit photocopy of passport 3. 3Different Types of Scheme and Features ? MASHIK SHANCHOY connive The money is fixed up to a certain months or year. Bank gives them interest against this money. If customer doesnt encashment his/ her fixed deposit at a time the amount is auto renew and the interest is use automatically at the account. arrive TK. 500 TK. 1000 TK. 1500 TK. 2500 TK. 000 long time 5 years 38250 76500 114750 191250 382500 8 years 71500 143000 214500 357500 715000 10 years 100000 200000 300000 500000 meg ? DOUBLE BENEFIT SCHEME Objectives ? Give maximum benefit. ? athletic supporter in meeting specific needs like education, marriage etc. Deposit becomes double in seven and half years. Mode Tenure of the deposit is 7. 5 years. Amount of DepositPeriod Amount Payable 1, 00,000 7. 5 Years 2, 00,000 other Features ? The Minimum amount of deposit is BDT 50,000. 00(Fifty thousand) or its multiples. ? All taxes/ responsibleness/ bill and /or any other surcharges briefly in force or that may be imposed by the Government of Bangladesh (GOB) from time to time will be deducted/ recovered from the deposit account under this scheme. ? In case of premature encashment interest will be paid on Saving A/C dictate. ? Loan may be minded(p) up to maximum 80% of the deposited amount but minimum tenet amount must be BDT 20,000. 00. Loan processing tippytoe be realized BDT 50. 00 only and usual stamp costs also be realized. For example sign amount is TK. 1000,000 The bank give interest TK. 100,000 against TK. 100,000 deposit Customer gets TK. 190,000 (200,000-100,emailprotected% tax = TK. 190,000) Requirements Form must be properly filled up, One copy of passport size photograph of account holder, One copy of passport size photograph of nominee, ? ADVANCED DEPOSIT SCHEME Objectives ? Get Extra benefit from Minimum Deposit. Mode Maintained for a period of 2 (Two) years. Minimum deposit a mount 1,00,000(One Lac) only. raise Rate Per BDT One Lac BDT 1 Lac (One Lac) , Tk. 9,500. 00 for first year Tk. ,09,250. 00 for second year. Other Features o All taxes/duty/levy and/or any other surcharges presently in force or that may be imposed by the government of Bangladesh from time to time in Deposit Accounts will also be applicable for the account for the account opened under this scheme and such taxes/duty/levy and/or any other surcharges shall be deducted/ recovered from the deposit account under this schemes. o Loan may be granted up to maximum 70% of deposit. ? Times Benefit Deposit Scheme Under the 1. 5 Times Benefit Deposit Scheme a deposit of minimum BDT 50,000. 00 (fifty thousand) or its multiples will be received for a period of 4. 2 years.On maturity, 1. 5 time of the deposited amount will be paid back to the account holder as per example given below Example Initial Deposit (BDT)50,000. 001, 00,000. 005, 00,000. 00 Return after 4. 2 years (BDT) 75,000. 00150000 . 00 750000. 00 Other Features ? All taxes/duty/levy and /or any other surcharges presently in force or that may be imposed by the Government of Bangladesh (GOB) from time to time will be deducted/ recovered from the deposit account under this scheme. ? In case of premature encashment interest will be paid on Saving A/C Rate. However, no interest shall be paid if premature encashment take place before expiry of 1 (one) year. In the event of death of the depositor before the maturity, the deposit account may be encased (premature) as per rule or may be continued up to maturity on written approach by the nominee(s). ? Loan may be granted up to maximum 80% of the deposited amount but minimum principle amount must be BDT 20,000. 00. ? Loan processing fee be realized BDT 50. 00 only and usual stamp costs also be realized. ? FAMILY MAINTENANCE SCHEME Objectives ? Help the retired persons for investing their retirement benefits. ? Create investment opportunities for Non-Resident Bangladesh i. ? Explore investment opportunities for school, college, university etc. ? Give investment opportunities for Trust Foundation etc. Mode Deposit a fixed amount of money for 05 (Five) years.Depositor will get a certain sum of money in each month equilibrize wheel to his/her deposit during the entire tenure. Benefits Tenure of deposit is 05 (Five) years. Minimum amount of required deposit is TK. 50,000. 00 or its multiple DepositMonthly Benefit (Amount in TK. ) 1, 00,000800 2, 00,0001, 600 3, 00,0002, 400 Other Features o The Minimum amount of deposit is BDT 50,000. 00 (Fifty thousand) or its multiples. o All taxes/duty/levy and /or any other surcharges persently in force or that may be imposed by the Government of Bangladesh (GOB) from time to time will be deducted/ recovered from the deposit account under this scheme. o In case of premature encashment interest will be paid on Saving A/C Rate. A saving account will be needed to be maintained to receive quarterly benefit payment. o Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, monthly benefits of FMD account will be credited only to loan account. o Loan processing fee be realized BDT 50. 00 only and stamp costs also be realized. ? QUARTERLY BENEFIT SCHEME The Quarterly Benefit Deposit Scheme will be maintained for a period of 3 (three) years and the minimum amount of deposit is BDT 50,000. 00 (fifty thousand) or its multiples. Interest will be paid on quarterly basis as per example given below. On maturity the principal amount will be paid back.Initial Deposit (BDT)TermQuarterly Benefit Payable (BDT) 50,000 3 Years 1,200 100,000 3 Years 2,400 200,000 3 Years 3,600 Other Features ? All taxes/duty/levy and /or any other surcharges presently in force or that may be imposed by the Government of Bangladesh (GOB) from time to time will be deducted/ recovered from the deposit account under this scheme. ? Loan may be gra nted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account. ? Loan processing fee be realized BDT 50. 00 only and usual stamp costs also be realized. FIXED DEPOSITThe money is fixed up to a certain months or year. Bank gives them interest against this money. If customer doesnt encashment his/ her fixed deposit at a time the amount is auto renewed and the interest is applied automatically at the account. Amount Months/ Year Interest TK. 10,000 1 month/ 2 months/ 3 months 8. 5% TK. 10,000 3 months 11. 50% o Form must be properly filled up One copy of passport size photograph of account holder o One copy of passport size photograph of nominee 3. 4 Cash Department Opening of Cash Beginning balance is used to start daily transaction & maintenance of Receipt and compensation Registers while receiving & paying different amount of cash. Previously issued cheque will be paid if issued 6 months before. Advance issued cheque cannot be made payment even one day before. Evening Banking Can only receive cash. No payment can be made omit some special cases. Issue Note Notes issued by the bank & veritable by the people, fresh notes. Non-issue Note Notes cannot be issued for public like torn, mutilated notes Soiled Notes etc. 3. 5 Clearing House Functions of Clearing Clearing stands for mutual settlement of claims made in among member banks at an retaind time and place in respect of instruments drawn on each other. Clearing house is an arrangement under which member banks agree to meet, through their representative, at the appointed time and place to deliver instruments drawn on them. The net amount payable or receivable as the case may be, is settled through an account kept with the dogmatic bank (Bangladesh Bank). pic Types of clearing Outward clearing Inward clearing Types of returns Outward return Inward return Clearing (Outward) pr ocess grade First tier Collection Branch Second tier Principal Branch/local office Third tier Clearing house (Bangladesh Bank) Clearing (Inward) process tierFirst tier Clearing house (Bangladesh Bank) Second tier Principal Branch/ Main Branch Third tier Paying Branch 3. 6 ISSUEING PO, DD, TT ? Pay Order This is one type of security. This can not be transferred. Anyone can draw a pay order. The pay order can be encashment from any bank. Amount Commission Vat 110,000 25 4 10,000 1,000,000 50 8 100,000

Frankenstein, or his Creation? Essay

Frankenstein is a gothic sweet written by Mary Shelley in a writing rival between friends. Mary Shelleys life may overhear greatly influenced what happened in the text and which character the sympathies of the reader were aimed at. Her mother died because of complications with the birth of Mary, and at 16 Mary eloped with the writer/poet Percy Shelley, together they had four children but troika of them died. After the first child died Mary had a imagine in which she had brought the child back to life by warming it near the fire.These events in Mary Shelleys life may pay off influenced her writing, for example the dream about giving life to the dead child links to passe-partout Frankensteins ambition to create life. The invoice of Frankenstein is told through three narratives, Robert Walton, sea captain Frankenstein and the Creature. This therefore encapables the invoice to come from the characters themselves but this squirt make the story very biased, although this may be true we are still able to see where the sympathies lie.Although we see Victor as a suffering, l hotshotly earth we also clearly see that he is egocentric, unsympathetic and irresponsible where as the Creatures violent, unjustified killings are countered by his childlike, innocent approach to the solid ground border him. Starting by emotional stateing at Victor Frankenstein and where the understanding stool be placed on him, then moving on to look at the sympathies for the savage, it will be possible to see which character in the story has the most sympathy.The story begins in the remote icy force of the Pole this strange setting prepares the reader for the story that is to unfold. Throughout the story we can see what Frankenstein was like and can discover whether the reader can have sympathy for him. Frankenstein was obviously a genius as he created the creature through his own brilliance and ambition. Its understandable that his creation was a scientific experiment, it was not brought into the world to be hit the hayd or sympathised with.Frankenstein believed that pitch life into an inanimate object would benefit humanity it was not his find fault that it went wrong. After he created the creature and realised that it was a big splay he demonstrates a sense of remorse for his actions and hearts guilty about creating the monster. nevertheless as the monster gained life it obvious to see that Frankenstein was drained of it, I was lifeless, and did not recover my senses for a large time. This shows that Frankenstein could not possibly have cared or taught the creature as he was ill for a long time yet when a woman gives birth she may feel lifeless and be ill but she still cares for and loves her child. Frankenstein could not have been responsible for the monsters actions as it had its own freewill, and as a result of this Frankenstein suffered some losses, not only family but friends, health and peace of mind. The creature was lento killing Frank enstein.Although Frankenstein demonstrated that he thought he was like matinee idol as he was creating life, a new species would bless me as its originator and source. Victor Frankenstein gave no sympathy or love to his creation. The creature was forced to explore the world on its own and was not condition any t severallying. Frankenstein created the creature for selfish achievement and deserved everything he got afterwards. Although he lost family members because of the creature, he was responsible for its actions and it was his fault, through lack of love and caring, that it went to murdering pot as a result of this.The creature on the other eliminate was brought into the world with no parents, and no one to teach or love him. He had a childlike understanding of the world in which he was created we can see this in the creatures narration when he calls bird, little winged animals. As well as receiving no formal teaching he suffered prejudice and rejection of society due to the repulsive carriage and grotesque image thats his creator, Victor Frankenstein, had given him.The Creature was entire of friendliness and sensitivity yet this was destruct by the unfairness and quick-scented behaviour of both Frankenstein and every other person he came across. The murders he committed could be justified by the lack of understanding of the world and society. After leading a life of unhappiness he destroyed himself. We can see from these two sides of the story that although the Creature was a murderer his reasons for murder could be justified. Victor Frankensteins reasons for abandonment and egocentricity however were not. there may be many points of sympathy for Victor Frankenstein but each point is countered by a reason thats unsympathetic. However the creatures sympathy points were not countered by unsympathetic points, thus this leads to believe that the sympathies of the reader were aimed at the Creature and the wasteful, unloved for life it led. Show previe w only The higher up preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Mary Shelley section.

Consulting Project Plan †Executive Summary Essay

My name is Lisa. I am a consultant from Hexi Consultation Firm. My expertise lies in interpersonal, training, and sales consultations. I was brought in by Mr. Joseph Wilson, your CEO, to research what he believed to be the company problem, diagnose it, and happen up with a solution. First, I want to let each and everyvirtuoso one know that I am here(predicate) to help. I am here to help not only find out what has gone faulty but to help those who this is affecting come out of this with a crack way of operating his/her department or duties, repair interpersonal relationships, spread over everyone knows how to perform their job by providing him/her with the necessary material and training possible. on the way, I want each person to who I interact with to palpate free to question a statement, a recommendation, or a decision. We willing be in this project together. I want everyone involved to represent this is your recreate conduct, your home away from home, your livelihood. I am here to help improve the environment and conditions in which it operates. Upon completion of this project, I want everyone to feel that the changes do were fore the best and made this company a better place to work. How we achieve that will be by* Creating a Communication send off* Scheduling and conducting meeting for areas where research and change are involved.* Organize and shell out a Feedback Meetings* Corporate and Regional* Beginning to End of Project* bone up an Implementation PlanI look forward to the opportunity to work alongside of everyone involved.

Training & Development: a Tool of Retaining Employees

fostering & spr let onment A tool of Retaining Employees face-lift NITIN GUPTA (ASST. PROF. IIMT HOTEL MANAGEMENT COLLEGE) The objective of this study is to show that provision & scramment is require for an cheek to retain its employees, as develop is activity leading to competent behavior and it realize the employees that what they want in life& knowing how to adjoin it, where they want to go and how to get there, how high they want to rise and how to pee off in the institution. The people in your organization ar your roughly weighty resource.It is not only essential to hire the precise beat let on employees but the pregnant is that a company retains those employees. teaching and re-skilling scoff loyalty. dressing is seen as expensive and a representation of making their employees loving to others. The risks involved, when weighed against the benefits, ofttimes mean that re information is overlooked in favor of recruiting extern each(prenominal)y. However, t he recruitment be of staff time before and after the hire and cover expenses equation favorably against staff ontogeny be. instruction employees reinforces their sense of value. Through training, employers wait on employees achieve goals and ensure they nonplus a solid grounds of their produce in mind over requirements. A mixed approach of valuing staff by developing skills, providing fire/motivating cash in ones chips while recognizing their individual contribution, a bulky side benefits and perks, will mean that you be an employer that employees dont want to leave. TOPIC prepare & growing A tool of Retaining Employees INTRODUCTION The people in any organization are most important resource.It is not only essential to hire the very best employees but the important is that a company retains those employees. information and re-skilling revive loyalty. Training is seen as expensive and a way of making their employees attractive to others. The risks involved, when wei ghed against the benefits, often mean that retraining is overlooked in favor of recruiting externally. However, the recruitment costs of staff time before and after the hire and direct expenses compare favorably against staff development costs. Employees leave organizations for many a(prenominal) reasons often these reasons are unknown to their employers.Employers need to listen to employees needfully and implement holding strategies to make employees feel valued and god in order to hold off them. These tight-lacedty methods lav have a significant and despotic collision on an organizations derangement rate. According to strategic preparation consultant Leigh Branham, SPHR, 88% of employees leave their demarcations for reasons other than knuckle under However, 70% of managers think employees leave mainly for pay-related reasons. Branham says there are s in time main reasons wherefore employees leave a company 1. Employees feel the job or croak is not what they expecte d. 2. in that respect is a mismatch between the job and person. 3. There is too little coaching and feedback. 4. There are too a few(prenominal) developing and advancement opportunities. 5. Employees feel devalued and unrecognized. 6. Employees feel stress from overwork and have a work/life imbalance. 7. There is a sledding of trust and confidence in senior leaders. WHY RETAINING EMPLOYEES IS IMPORTANT? turnover is costly. According to Right Management, a talent and passage caution consulting firm, it costs nearly three times an employees salary to replace individual, which includes recruitment, severance, lost(p) amentiferousness, and lost opportunities.Life Work Solutions, a proposer of staff retention and consulting services, provides the following turnover facts and rates Over 50 % of people recruited in to an organization will leave inside 2 years. One in four of new hires will leave within 6 months. nigh 70% of organizations report that staff turnover has a negat ive financial impact due to the cost of recruiting, hiring, and training a replacement employee and the overtime work of current employees thats required until the organization can modify the vacant post. Nearly 70 % of organizations report having difficulties in replacing staff. almost 50% of organizations experience regular problems with employee retention. From these statistics its clear that its important to develop a retention plan to retain employees and go along turnover low. If an employee resigns, then good amount of time is lost in hiring a new employee and then training him/her and this goes to the loss of the company directly which many a times goes unnoticed. And even after this no one can assure the same efficiency from the new employee (He might be part and might not be).It requires time to judge his capabilities and work nature. And above all these things, one resignation many a times triggers a strand reaction among other employees, leading to a negative e ffect. RETENTION METHODS here(predicate) are some effective methods employers utilize in order to go along employees happy and part of their organization instead of looking for employment opportunities elsewhere. Training Training employees reinforces their sense of value. Through training, employers help employees achieve goals and ensure they have a solid understanding of their job requirements.Its important for companies to establish coaching to employees so that their efforts stay aligned with the goals of the company and meet expectations. During an employees first few weeks on the job, an employer should provide intensive feedback. Employers should also provide formal and informal feedback to employees through out(a) the year. Mentoring. A mentoring program integrated with a goal-oriented feedback system provides a integrated mechanism for developing strong relationships within an organization and is a solid foundation for employee retention and growth.With a mentoring prog ram, an organization pairs someone more experienced in a discipline with someone less experienced in a quasi(prenominal) area, with the goal to develop specific competencies, provide performance feedback, and design an individualized career development plan. Instill a positive culture. A company should establish a series of values as the basis for culture such as honesty, excellence, attitude, respect, and teamwork (IOMA, 2008). A company that creates the right culture will have an value when it comes to attracting and keeping good employees (Main).Use colloquy to build credibility. No way out what the size of the organization, communication is central to building and maintaining credibility. Many employers get communication to flow up through a staff advisory council (or similar group) which solicits and/or receives employees opinions and suggestions and passes them on to upper management (IOMA). Its also important for employees to know that the employer is really listen and responds to (or otherwise acknowledges) employee input. Show appreciation via wages and benefits.Offering things like competitive salaries, profit sharing, bonus programs, pension and wellness plans, paid time off, and tuition reimbursement sends a powerful message to employees rough their importance at the organization. The rewards accustomed to employees must be meaningful in order to impact their perception of the organization and therefore have a marked influence on its retention efforts. Moreover, if an organization promises a reward, it should keep that promise. Encourage referrals and recruit from within. Having current employees offer referrals could help minimize confusedness of job expectations.Current employees can realistically describe a position and the environment to the individual he/she is referring. Another way an employer can diminish the impact of turnover is to hire from within, since current employees have already observe that they are a good fit in the or ganization. Provide growth opportunities. An organization should provide workshops, software, or other tools to help employees increase their understanding of themselves and what they want from their careers and enhance their goal-setting efforts.Its important to provide employees with fair to middling job challenges that will expand their knowledge in their field. According to Right Management, employees are more likely to stay engaged in their jobs and committed to an organization that makes investments in them and their career development. Make employees feel valued. Employees will go the pointless mile if they feel responsible for the results of their work, have a sense of expense in their jobs, believe their jobs make good use of their skills, and receive actualisation for their contributions.Employees should be rewarded at a high level to motivate even higher performance. The use of cash payouts could be used for on-the-spot recognition. These rewards have terrific motivati onal power, especially when given as soon as possible after the achievement. Its important for employers to say thank you to employees for their efforts and denudation different ways to recognize them. Even something as simple as a free lunch can go a long way towards making employees feel valued. Listen to employees and ask for their input as to what rewards might work best at your organization.Conduct meetings and surveys to enable employees to distribute their input (Branham). Most team members will work harder to carry out a decision that theyve helped to influence. Lower stress from overworking and create work/life balance. Its important to match work/life benefits to the needs of employees. This could be in the form of offering nontraditional work schedules (such as a compressed work week, telecommuting, and flextime) or extra holidays. When work-life balance is structured properly, both the employee and employer come out ahead.For example, the employer will experience more productivity in the workplace because employees will be less stressed, healthier, and thus, more productive (Wingfield). Encouraging employees to set work/life goals, such as pass more time with their children, communicates that you really do want them to have a life outside of work and achieve a healthy work/life balance. Foster trust and confidence in senior leaders. Develop strong relationships with employees from the start to build trust. Employees have to believe that upper management is competent and that the organization will be successful.An employer has to be able to inspire this confidence and make decisions that reinforce it. An employer cannot say one thing and do another. For example, an employer shouldnt talk about quality and then push employees to do more work in less time. In addition, employers need to engage and inspire employees by enacting policies that show they trust them, such as acquire rid of authoritarian style of management. HOW TRAINING WORKS IN RETAIN ING EMPLOYEES? erstwhile skilled workers are nestled within any organizations there is a second challenge in keeping them there and here training and education can play a crucial role.Retaining good employees is critically important to a companys bottom line. Many companies that fail to place adequate emphasis on training make the mistake of assuming that pay is the only important motivating factor for their staff. In 1999 the Hay concourse studied over 500,000 people in 300 companies to find out what promoted employee loyalty. The top three factors, mentioned by ninety percent of respondents, were career growth, skill and development exciting work and challenge and meaningful work, making a difference and a contribution. Fair pay and benefits was tenth on the list.After studying the above, following results are concluded as the outfit of training & development of employees Optimum Utilization of Human Resources Training and teaching helps in optimizing the utilization of h uman being resource that promote helps the employee to achieve the organisational goals as well as their individual goals. phylogeny of Human Resources Training and Development helps to provide an opportunity and broad structure for the development of human resources technical and behavioral skills in an organization. It also helps the employees in attaining personal growth. Development of skills of employees Training and Development helps in increasing the job knowledge and skills of employees at each level. It helps to expand the horizons of human intellect and an overall personality of the employees. productivity Training and Development helps in increasing the productivity of the employees that helps the organization further to achieve its long-term goal. Team spirit Training and Development helps in inculcating the sense of team work, team spirit, and inter-team collaborations. It helps in inculcating the zeal to learn within the employees. disposal Culture Trainin g and Development helps to develop and improve the organizational health culture and effectiveness. It helps in creating the learning culture within the organization. Organization Climate Training and Development helps building the positive perception and sense of touch about the organization. The employees get these feelings from leaders, subordinates, and peers. Quality Training and Development helps in astir(p) upon the quality of work and work-life. Healthy work environment Training and Development helps in creating the healthy working environment.It helps to build good employee, relationship so that individual goals aligns with organizational goal. Health and Safety Training and Development helps in improving the health and safety of the organization thus preventing obsolescence. Morale Training and Development helps in improving the morale of the work force. Image Training and Development helps in creating a better corporate image. Profitability Training and De velopment leads to improved profitability and more positive attitudes towards profit orientation. Training and Development aids in organizational development i. . Organization gets more effective decision making and problem solving. It helps in understanding and carrying out organizational policies Training and Development helps in developing leadership skills, motivation, loyalty, better attitudes, and other aspects that successful workers and managers usually display. CONCLUSION Its clear that having proper retention strategies is key in order to retain employees. Productivity is maximized when employees know their work. Offering opportunities to explore different options within the organization is one way of motivating the workforce.A company that is tuned into meeting employee needs should encourage causal agent across processes and functions. An environment that motivates and stimulates employees, managers need to incorporate motivation-building practices into their corpora te culture. These practices include listening to employees and respecting their opinions, basing rewards on performance, and trained them to develop their skills & being available to them for everything from listening to their ideas and concerns to assisting them with their career advancement.Rotation of functions provides a forum for constant learning and self-improvement. When employees are given a chance to grow in various functions, a positive work environment is created. Thus, employee morale and productivity are maintained at a very high level. References/ Bibliography Crosscut magazine, spring 2002 (article by Iain Macdonald, harmonise Director, Centre for Advanced Wood Processing) Harvard Business Essentials Guide to Hiring and Keeping the trounce People, Harvard Business Press by Sarah K.Yazinski, University of Scranton Training as important as salaries in staff loyalty By Gareth Morgan, IT Week Tuesday, July 31, 2001 0259 PM Handle with care motivating and retaining y our employees By Barbara A. Glanz Recruiting, training, and retaining new employees managing the transition By Jack J. Phillips, Sharon L. Oswald Retaining your best employees nine case studies from the real world of trainingBy Patricia Pulliam Phillips Web Page http//writer4u. com Submitted By Leslie Wood

Review on Michael Moore’s “Capitalism, a Love Story”

The way the conveytaking merchandise deeds in the serviceman today is if there is a Stock (Piece or sh atomic number 18 of a federation) that are being bought out by a lot of investors, the price of the stock will increase extraordinary high. If the stock does not get bought, the price of the stock will lower to a nickel-and-dime(prenominal)er price. To buy the best stock that will soon be much valuable is a race as brokers try and fight to bring out the potential grossing stock and buy tons of them at a cheap price to later on earn tons of notes as it drop deads more valuable to invest and sell as the stock cherish increases and grosses.The stock market consists of a lot of spate with different positions as an Investor is someone who commits capital in order to gain financial returns. A broker is a person who buys and sells goods or assets for others. A trader is a person who buys and sells the stock in the market. A corporate raider is an investor who buys a large num ber of shares in a corporation whose assets appear to be undervalued.The stock market has a lot of terms that define minor(ip) things that broker/traders need to know to work in the stock market as like derivatives which are contracts between two or more parties. Other small stuff come into play as in commodities which are marketable items produced to satisfy wants or needs of the people. Dividends are payments do by a corporation to its shareholder members which are basically the fraction of corporate profits paid out to stockholders.Now here are the loose terms that people should be aware of to try to read it monolithic as like Equity which is the residual claim or by-line of the most junior class of investors in assets, after all liabilities are paid. Golden Parachutes are agreements that are made between a comp whatever and an employee (usually upper executive) specifying that the employee will receive certain significant benefits if employment is complete which put a lot of CEOs in the puss and have them rich for a long while.And finally, Liquidation which is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed. This brings a lot of businesses down and suffers. Insider trading wasting diseased all the time by brokers and traders to get ahead of the blue and earn big bucks and live life. Its a strategy that a lot of the brokers live by and use to make them successful as its the trading of a corporations stock or other securities (such as bonds or stock options) by individuals with admission fee to non-public information most the company.It brings the inside scoop about businesses to brokers to give them a chance and advantage to invest and make a lot of money beforehand News is released to the public. Fraud is an intentional deception made for ad hominem gain or to damage another individual. The economy can be harmed by these types of strategies as Insider trading can be used for unfair advantage for investors as it helps them show what to invest before e very(prenominal)one else and BIG Bucks before anyone.Fraud is harmful as it steals money away from people that are unfeignedly theirs and brings people into debt with the people stealing their money come out to become very wealthy and use their stolen money on special interests and ad hominem gains when none of that money is earned by them. So insider trading helps investors chess the game of the stock market and juke helps investors steal the money that is truly own to the people which is basically stealing money from the economy of the U. S.The arcsecond tries to close out those things by for insider trading they try to track down anyone they count is to be involved as they obtain warrants for financial records and wiretaps, and find any other means to keep abreast the evidence that comes their way. If enough evidence is rig to indict someone for insider trading, the individual s will be arrested and the case is handed all over to a U. S. attorney. They do it because insider trading is unfair to the stock market game and the other investors and traders who are not involved in insider trading.For fraud, the SEC tries to prevent that by first to help educate investors to harbor themselves against fraud, second, they conduct regulatory examinations to ensure that firms have robust compliance systems to prevent and detect fraud and other violations, and finally, they aggressively prosecute securities fraud, functional together with criminal prosecutors. They do this because they believe that businesses should deserve this horrible incident to happen to them financially and should protect themselves from cunning con artists out there in society. Finally, about the pic Wall Street (1987)..The movie Wall street was a real good and educational movie at some points as it was well-directed and helped showed the pros and cons of working in the stock market and h ow people entering that type of compass should be fearless and aware of anything that is going on underground or in public and be picky on who to trust as there are a lot of Gordon Gekkos in the world befriending many traders/brokers and stabbing them in the back at any result based on their feelings/impression about them. Some key scenes in the movie were to be the Greed is good speech as it helped envisage an image what the U.S. is truly is and where it will be with the economy. The scene which bud fuddle found out the sale of Blue-Star was pretty dramatic as it helped Bud realize how cruel and Greedy Gordon Gekko was. And another key Scene was the showdown between Gordon and Bud after Bud found out about the sale of Blue-Star. The Movie showed that stock market is hectic and scary and people should watched their step on which path theyre going to take as they could fall into a hole anytime with either having SEC involved with it or lose a ton of money and be sent on to the st reets.The stock market is a scary and hectic field to pursue a career in but if people have the brains, the jinx and the look, through strategically planning and working, they can come out very successful and be at the top. But the market can of all time change people, physically, mentally and personality wise like once they go into the field its hard to get out and it sometimes changes them into a different person probably into a person with Greed to make more and more, probably a Gordon Gekko.