Sunday, May 24, 2020
Indigenous Publishing Market Profile Of Bahrain Finance Essay - Free Essay Example
Sample details Pages: 8 Words: 2381 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? Bahrain or Kingdom of Bahrain is a island country in the Persian Gulf. This island country is bordered to the west by Saudi Arabia and to the Southeast by Qatar. A link, Qatar Bahrain Causeway is expected to connect Qatar and Bahrain to create the longest fixed link in the globe. Donââ¬â¢t waste time! Our writers will create an original "Indigenous Publishing Market Profile Of Bahrain Finance Essay" essay for you Create order The country is mostly known to produce pearls and oil. Several publishing and trading structures are also found here including Bahrain Financial Harbor, Bahrain World Trade Center and finally the many skyscrapers found here. It is common in this region that most of the countries here are rich in oil but poor in water and this brings to light the advantage of the Bahrain. This country spends about $630 million every year on its military and this is about 20% of its current expenditure. Its defense force is has about 12000 personnel and is composed of the air force, army and navy. Most of these revenues come from their publishing business as it is one of the promising industries of revenue generation. The government spends around $630 million annually on the military, about 20% of current expenditures. The parliamentary process has produced spirited debate over government spending, particularly defense spending, but no actual reductions. The country has in the recent days made major changes to upgrade its defense systems and also modernize it. This economy was the first among the Gulf economies to discover oil and its reserves are expected to run for the next 1o to 15 years. The country has in the past struggled to diversify its economy and it has managed to stabilize its production to about 40, 000 barrels everyday. Income from oil and natural gas form 10% of its GDP and this provide about 75% of the government income. The petroleum company refinery is owned by the state and its capacity is 260,000 b/d. Bahrain is business and financial center and it operates both offshore and onshore. Its financial sector is the largest contributor to GDP. Over three hundred offshore banking units and representative offices are located here in Bahrain. This country has made efforts to be the leading Islamic finance centre among the Arab world. The country has 32 Islamic banks consisting of both financial, investment and leasing banks as well as what is known as Takaful ` Or else Islamic insurance companies. The country has been striving to come up with service industries such as information technology, education, publishing and healthcare. The government has invested the revenue got from the oil to build a high-tech infrastructure in transport and communications. Its Airport is one of the busiest in the Gulf since it is one of the busiest in the area. With an aim of boosting its competitiveness as a regional center, the country is building new ports. Tourism is also an important aspect of the countrys economy. The government is working on large projects aimed at promoting tourism. It also has got regional tourism which is an important source of the countrys source of money. It is however clear that the country gets most of its income from the oil industry. Like many countries, this small country is striving much to put up with the modern day technology. It is also investing in technology to fit in the digital world today. This is more so in communications and transport. Most of the things taught in the schools have connections with technology. There is the Bahrain Information Technology Society founded in the year 1981 and its purpose is to uphold the information technology in the country. It works to educate the public together with the students about information technology. This body provides a forum for information interchange in the present and also the future. This body educates the people through seminars, periodicals, meetings, conferences and also electronic news letters. Many government and private organizations have been fitted with the latest technology gadgets. Computers are found in most offices and paper work has been reduced to the minimum. Communication has been made easy through the introduction of the internet. People can hold meetings through the internet. Students on the other hand are able to learn more about the outside world through the use of the internet. They are also able to communicate with students from all over the world through the internet and this has made it easy for them especially when they are carrying out research about other places that they have not visited. Bahrain prides itself as a world leader in terms of business. The country has invested a lot of resources to ensure business is carried out in a friendly environment and at the same time in competition with other countries. In order to tap into both local and international publishing markets, Bahraini has developed an attitude which draws investors and visitors to their country in large numbers. Starting with warm greetings everybody from all over the world is welcomed to Bahrain. The local business setup has much to offer in terms of a wide range of products. These have attracted many foreign investors and a rapid growth is being experienced due to modern infrastructure and technological advancements. Bahrain is placed on top as a business partner in the world, ranking at number 13, due to many freedoms exercised in course of trade. Such include economic, monetary, fiscal and business freedoms coupled with lack of corporate and income taxes. In the whole Gulf region, Bahrain ranks highly in relation to its neighbors thus making it more competitive. The country is very keen in following and respecting law and this has seen it take the front line in terms of doing business. Apart from acting as a gateway to gulf, Bahrain also projects the most stable publishing market base in the region. In addition, the workforce is drawn from the most skilled and educated individuals. The government also is actively involved to curb corruption and bureaucracy since these fact ors can contribute negative to businesses. Bahrain has been able to compete internationally with countries as China, France, UK, and India by avoiding red tape. A legal framework is implemented by the Central Bank of Bahrain which oversees regulation, licensing, transparency and efficiency in all business operations. In terms of marketing and promotion, Bahrain has placed emphasis on transport and communication infrastructure to ensure this is achieved. Land, rail, air and sea transport systems are in place with some being the best in the region. The living cost is low as is the business operating cost. In comparison to its neighbors, Bahrain has the lowest cost figure in all aspects from food, to rent, to taxes. The distribution of the publishing market is relatively well developed especially when comparing the situation with the other countries in the same region. Publishing companies and universities in Bahrain enjoy their own distribution channels inside Bahrain and also abroad. Some universities and schools in this country also keep large stocks at various locations and libraries based on their marketing strategies or their target audience. Generally, distribution and marketing strategies go hand in hand. Publishers are located in different parts of the major towns and in the university premises and use different methods to reach wider audiences. More often than not, the publishers have bookstore at the university companies premises where they sell the books they publish. Libraries are also stocked with most of the books published by that particular university. They however establish more sale points distributed all over the country where orders may take place, and if large enough, they are forwarded to the main company. Important thing about the publishing market in Bahrain in terms of Trading Terms is that the government does not allow foreigners to perform these business activities as it is permitted only for Bahrainians. All activities associated with publishing including press and even distribution is exclusive for the citizens of Bahrain. The government however established the U.S. Bahrain Free trade agreement which excludes some trade restrictions for the U.S service providers in the publishing sector to do business in Bahrain. The lifting of these restrictions are reciprocated by nearly an equal deal for the Bahrain publishers to invest in U.S. Distribution channels differ in Bahrain. There are direct channels where universities and other publishers sell their products directly to the customers in bookshops. All the major publishers have bookshops and the universities too. The universities however enjoy the benefits of direct sales since some of their customers are already in the universities. Pirated copies are also sold in some of black market routes. Although blamed for inadequacy associated with the distribution channels, this is not always the case. The main distributors in Bahrain are still the main publishers. These are mainly the daily news publishers like Bahrain Tribune; which is the leading English Newspaper in the country, Gulf Daily News, Bahrain; the daily national newspaper and Bahrain. University of Bahrain is the main distributor in terms of Universities and Information science and technology publisher also boats some share in the publishing distribution sector. Other publishers include Arabian Magazines which publishes and distributes magazines all the gulf. In Bahrain, it distributes the Bahrain Confidential, GFI, Flash and Bahrain Live; Fanar publishing is also a major distributor in Bahrain. It publishes Arab traveler and Arab agriculture directory among other magazines. 8. Terms of Local Trading This island has been an important place with regards to trade since the past. Several rulers like the Portuguese and the Arabs have all ruled while taking trade into consideration. Oil was discovered in the early 1930s and this was a boost into the trade activity. This oil was the first to be discovered in this region although it is not much and it is expected to be used up fast. This place was once a major center of pearling but this went down during the 20th century. The oil has led to the financing of major projects especially in the education and health. 60% of the countrys export earnings are accounted for by petroleum and oil. Since the oil in this country is expected to run out in a few years, steps have been taken in the nonagricultural sector to diversify it. Other activities that have been established include Ship-repair, banking, and tourism sector. There are several multinational firms in this country and its government also encourages foreign investment. Fishing is a major economic activity and there are also fruits, dates and vegetables. Most of the food grown is however exported. Most of the food imports for Bahrain are brought in through Manama. The Mina Sulmans port is well equipped with modern equipment and facilities. A lot of food stuff such as greens (vegetables), perishable fruits and preserved meat are dispatched from the Bahrain International Airport. Due to their quick perish ability; some food stuff need be transported fast enough, that is, by the end of twenty four hours after their advent. As for the rest, two to three days are required for their transportation to their destined places. In order to improve food importation in the country, Bahrain has opted to act in collaboration with other firms. One way of doing this is by making it known to all firms as soon as changes occur regarding the regulations in the products to be imported in a timely basis. Prior to their transportation to the Bahrain, the authorised persons dealing with imports reassess the food labels to ensure that only quality products are selected. To fasten the clearance or approval of the imported products, the exporters of the US are required to give in their food labels for the purpose of getting pre-export endorsement mostly for current brands of goods. Bahrain ensures that it offers secure supplies of food stuff by setting a requirement for most of its products to be non-perishable, that is, products that can stay for a long time without going bad. There is also five percent taxation on foodstuff that is brought in from other countries. The duty on alcoholic drinks from other countries is however quite high, standing at one hundred and twenty five percent and this can be explained by the classification of the product, that is, it is a luxury good. However, there are set of laws regarding the importation and subsequent sale of certain products which are not considered as good among the Muslims since Bahrain is one such country that embraces the Islamic religion. Such products include pork, alcoholic drinks among others. For example, there are only four firms that are permitted to import and vend drinks containing alcohol. Looking at the cost of living in Bahrain, it is said to be similar to that of most European countries. There is a general lack of taxation and this has made the cost of several items high especially the luxurious items. Looking at the cost of accommodation, it can be said to be high, so is the cost of imported items. The internationally recognized food is relatively high but the locally produced food is not that much expensive. Clothing can also be considered as expensive especially the designer clothes. On the side of wines and spirits, they are cheaper when compared to UK but they cost more than the average European prices. Other things like electronics are generally expensive. The cost of living in this country will thus depend on someones lifestyle. Like any other country, this country takes part in computer activities like hosting. There is one major company which foresees activities of this nature and educates people about them. Local hosting can not be said to be much when compared to other countries but it is definitely growing each day. Bahrain has invested hugely in Information and Communication Technology (ICT). In terms of Internet and Mobile telephony, the country is far much ahead in the region. There has been a huge demand for these services from both the private and public sector. The market share is projected at 180 billion dollars by 2012. The government has embraced e-Government in order to avail its services to thee people. Applications and payment of bills are carried out online. E-commerce is another area where much progress has been achieved. Through e-commerce, the residents can afford to pay for their bill and purchase items using Internet.
Monday, May 18, 2020
Becoming A Professional Baseball Player - 2103 Words
It starts off as just a dream. One that is born the first time you wrap your fingers around a bat or slip on your fathers old worn leather glove. For most of us, that dream passes us by without us even realizing it. But for a select few, that dream could very well become a reality. Unfortunately, even for the gifted few, chasing that dream will never be easy, especially when that dream is to become a professional baseball player. Itââ¬â¢s a long trip to the Major League, one filled with many twists and turns. In baseball, the workload that each player goes through increases immensely as they advance through High School, College and the Minor Leagues. Baseball is a game played with a bat and ball and is played between two teams ofâ⬠¦show more contentâ⬠¦In order to switch between batting and fielding, the team on the field must record three outs. After each team both fields and hit, it is considered an inning. A single game comprised of a total of nine innings, and the team with the most amount of runs at the end of the game wins. It is this sport that evokes more nostalgia among Americans than any other. So many people end up playing this game sometime during their life that it has become known as the national pastimeâ⬠. It is also known as being one of the only democratic games. Unlike other sports like football and basketball, baseball has no bias to a person height or weight and can be played by basically anyone. This great game originated before the American Civil War and was originally called ââ¬Å"roundersâ⬠(Michlich). It was nothing more than a simple and humble game that was played on fields across Am erica. In 1871 the first professional baseball league was born but it wasnââ¬â¢t until the beginning of the 20th century, until it became popular in large cities across America. As the sport grew the teams were divided into two leagues, the National and American and during the regular season, a team played only against other teams within its league (Michlich). The team with the most victories in each league was said to have won the pennantâ⬠and the two pennant winners met after the end of the regular season in something called the World Series (Michlich). The winner, in a best of seven series,
Thursday, May 14, 2020
Using City Directories for Genealogy Research
For anyone researching ancestors in a city or larger community, standard genealogical resources often fall short. Newspapers generally mention only the influential, interesting or most newsworthy residents. Land records offer little help when researching renters. Census records dont tell the stories of individuals who moved multiple times between census years. Cities, however, offer an invaluable historical and genealogical resource not available to those of us researching rural ancestorsââ¬ânamely, city directories. City directories offer anyone conducting family history research in a city or large town a nearly annual census of city residents, as well as a window into the community in which they lived. Genealogists all know the value of placing an ancestor in a particular time and place, but city directories can also be used to follow an individuals occupation, place of employment, and place of residence, as well as potentially identify life events such as marriages and deaths. Looking beyond the names of your ancestors, city directories also provide invaluable insight into your ancestors community, often including sections on neighborhood churches, cemeteries, and hospitals, plus organizations, clubs, associations, and societies. Information Often Found in City Directories Name and occupation of head of household (often men and female widows; later single employed females)Name of spouse (often in parentheses following name of husband; mid to late 19th century)Sometimes the names of children, often only those employed outside the homeStreet name and house number of residenceOccupationWork address (if employed outside the home) Tips for Research in City Directories Abbreviations were often used in city directories to save printing space and costs. Locate (and make a copy) of the list of abbreviations, usually located near the front of the directory, to learn that n Fox St. indicates near Fox St., or that r means resides or, alternatively, rents. Properly translating the abbreviations used in a city directory is essential for correctly interpreting the information it contains. Dont miss the late listing of names received too late for inclusion in the alphabetical portion. This can usually be found located just before or after the alphabetical list of residents and may include people who had recently moved to the area (including those moving within the city limits), as well as individuals the canvasser missed on his initial visit. If youre lucky, you may find a separate list of individuals who migrated from the city (with their new location), or who died within the year. What If I Cant Find My Ancestor? Just who was included in a city directory was up to the discretion of that directorys publisher, and often varied from city to city, or over time. Generally, the earlier the directory, the less information it contains. The earliest directories may list only people of higher status, but directory publishers soon made the attempt to include everyone. Even then, however, not everyone was listed. Sometimes certain parts of town werenââ¬â¢t covered. Inclusion in a city directory was also voluntary (unlike a census), so some people may have chosen not to participate, or were missed because they werent home when the agents came calling. Make sure you have checked every available city directory for the time period when your ancestors were living in the area. People overlooked in one directory may be included in the next. Names were also often misspelled or standardized, so be sure to check name variations. If you can locate a street address for your family from a census, vital, or another record, then many directories also offer a street index. Where to Find City Directories Original and microfilmed city directories can be found in a variety of repositories, and an increasing number are being digitized and made available online. Many may be available either in original format or on microfilm in the library or historical society that covers that particular locality. Many state libraries and historical societies have large city directory collections as well. Major research libraries and archives such as the Library of Congress, Family History Library, and American Antiquarian Society also maintain large collections of microfilmed city directories, for locations across the United States. Over 12,000 city directories for cities across the United States, most from the collection of the Library of Congress, have been microfilmed by Primary Source Media as City Directories of the United States. Their online collection guide lists the cities and directory years included in the collection. The Family History Library Catalog also lists a large collection of city directories, most of which can be borrowed on microfilm for viewing at your local Family History Center. Where to Find Old City Directories Online A large number of city directories can be searched and viewed online, some for free and others as part of various subscription genealogy collections. Large Online City Directory Collections Ancestry.com has one of the largest online collections of city directories, with a focus on coverage between the 1880 and 1900 U.S. federal census, as well as 20th century data. Their U.S. City Directories collection (subscription) offers good search results, but for best results browse directly to the city of interest and then page through the available directories rather than relying on search. The City Directories collection online at subscription-based website Fold3, includes directories for thirty large metropolitan centers in twenty U.S. states. As with the collection at Ancestry.com, better results are achieved by browsing the directories manually rather than relying on search. The Historical Directories Searchable Library is a free website from the University of Leicester in England, with a nice collection of digitized reproductions of local and trade directories for England and Wales for the period 1750ââ¬â1919. Additional Online Sources for City Directories A number of local and university libraries, state archives and other repositories have digitized city directories and made them available online. Use search terms such as city directory and [your locality name] to find them via your favorite search engine. A number of historical city directories can also be found through online sources for digitized books, such as Internet Archive, Haithi Digital Trust, and Google Books.
Wednesday, May 6, 2020
Review the Methods Used by Public Services to Ensure They...
P5 - Review the methods used by Public Services to ensure they have a diverse workforce The Police Service are trying to recruit more female officers as well as more people from minority groups with an aim to have a more diverse workforce who can relate more to the public. Recently, it has been brought up that there is still institutional racism within the Police force, this, as well as many other reasons such as negative stereotyping, informal bias and assumptions from ethnic minority groups themselves are reasons why people from minority groups are less inclined to join. The Police have introduced a number of ways to try and create a more diverse workforce. Some of these methods include, improving the data collected on the age,â⬠¦show more contentâ⬠¦in an attempt to increase the diversity the fire service have introduced methods such as appointing an equality and diversity officer to the community who is there to discuss and talk to women and ethnic minority groups about the career opportunities they would encounter if they joined the fire service. The service has introduced a 10 year strategy which has a goal of improving the way the workers treat each other across all parts of the Service but also the effectiveness of the relationship that they have with the public. The strategy has 5 different areas which the service aims to work on to improve diversity.The first is Leadership and promoting inclusion where they want individuals to ââ¬Ëundertake their role in promoting equality and diversity and ensure any practice or procedure they have responsibility for is effectively equality impact assessedââ¬â¢. The second is accountability which will include the workers making ââ¬Ëevidence available to the public annually on improvements to service delivery and employment practice, including progress against the employment targets through its websiteââ¬â¢. The third area is Effective service delivery and community engagement. 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Fahrenheit 451 By Ray Bradbury - 1352 Words
A Warning For Society Albert Einstein once said, It has become appallingly obvious that our technology has exceeded our humanity. Back then there was very little technology that was controlling humanity. Today, phones are captivating societies around the world. Based on this, what will happen in the future? Fahrenheit 451 by Ray Bradbury, portrays a world where technology goes too far. Throughout the novel, Bradbury proposes the idea of mindlessness of mass culture. It is a warning to societies everywhere because one day that could be the reality. The definition of happiness changes along with interest and care. They no longer care about anything. The definition of knowledge is also changed. They no longer read. This book was written when T.V First came out, and now seeing how technology is driving society today, this book is a cautionary novel. Their happiness, knowledge and mindlessness is all changed due to technology. This may be a society someday.Bradbury proposes warnings about the mindlessness of mass culture Bradbury emphasizes the negative effects of media by creating a mindless society with a lack of social interaction and a detachment from the world. He does this this by changing happiness, interest and care. Now, people are happy when they bully people, kill people and talk to their family. Clarise is different because she thinks socializing is fun unlike her peers. They like to, bully people around, break windowpanes...wreck cars...race on theShow MoreRelatedFahrenheit 451 by Ray Bradbury719 Words à |à 3 PagesThe flash point of paper, or the temperature at which paper will burst in flames, is 451 degrees Fahrenheit. In Fahrenheit 451, written by Ray Bradbury, the main character, Guy Montag, is a ââ¬Å"firemanâ⬠in a futuristic society where he and his coworkers start fires, rather than put them out. Books are banned and burned, along with the owner of the bookââ¬â¢s house and sometimes even the owner of the book, upon discovery. Techno logy has taken over in a sense that social interaction between the average personRead MoreFahrenheit 451 By Ray Bradbury1952 Words à |à 8 Pagesis clearly displayed in the plight of Ray Bradburyââ¬â¢s novel about a dystopian American society, Fahrenheit 451, which contains many ideas and bits of content that some people believed should be censored. In fact, one of the reasons that this novel was censored for displaying the dangers of censorship, which is both extremely ironic, and telling as to where this society is going. Thanks to several distributors and oversensitive parents and teachers, Fahrenheit 451 has been banned in many schools overRead MoreFahrenheit 451 By Ray Bradbury954 Words à |à 4 Pages In Fahrenheit 451 by Ray Bradbury, the author uses allegory (often misinterpreted by readers) to show the dangers of mass media consumption and the decline of reading traditional media. Many readers draw incorrect conclusions (lessons learned) from the book due to how gener ally the book applies its theme. Government censorship, though an important topic, is not the intended focus of the novel Fahrenheit 451. Finally, Bradburyââ¬â¢s original message of the book shows the beauty of traditional media andRead MoreFahrenheit 451 By Ray Bradbury1592 Words à |à 7 PagesWhen writing the introduction to Fahrenheit 451, author Neil Gaiman stated that ââ¬Å"ideas--written ideas--are special. They are the way we transmit our stories and our thoughts from one generation to the next. 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As the story progresses, Montag learns the truth behind why books are outlawed and flees his city to join the last remnants of age-oldRead MoreFahrenheit 451 By Ray Bradbury847 Words à |à 4 PagesSet Knowledge On Fire The book Fahrenheit 451 is a postmodern work by Ray Bradbury first published in 1951. In Bradburyââ¬â¢s story, all books are illegal and are subject to be burned by firemen. Furthermore, the two predominant themes of Fahrenheit 451 are censorship and ignorance. The censorship implemented over the years removes all information from society that is necessary to learn, which accomplishes to prevent people from questioning anything. The ignorance of society has been fostered and theRead MoreFahrenheit 451 By Ray Bradbury1661 Words à |à 7 Pages1.) In the novel, Fahrenheit 451 by Ray Bradbury, Montagââ¬â¢s view on life reverses. Two characters the influence the main character Guy Montag are the old lady whose house and books were burnt down and Mildred. The old lady was caught preserving books in her home. Firemen including Montag were ordered to burn the books. The old lady refused to leave her books, so she too was burned. She bravely gave an allusion as her last words, ââ¬Å"Play the man,ââ¬â¢ she said, ââ¬ËMaster Ridley.ââ¬â¢ Something, somethingRead MoreFahrenheit 451 by Ray Bradbury818 Words à |à 4 PagesFAHRENHEIT 451 BY RAY BRADBURY Important People in Montagââ¬â¢s Life In Partical Fulfillment Of English 2 Ms Irina Abramov By Helen Hernandez November 9, 2012 ââ¬Å"There are worse crimes than burning books. One of them is not reading themâ⬠-Ray Bradbury. In the past there were events that affected book writers. People will get together to burn books because they thought it was inappropriate or they were against their literature. 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Bradbury sends a message in his interview that people should love life, and live to the fullest because he believes life is a beautiful thing. Although Bradbury no longer can demonstrate his love for life his message still lives in the pages of Fahrenheit 451. The Government of the society in the novel has told their
Performance Management and Employee Engagement
Question: Discuss about the Performance Management and Employee Engagement. Answer: Introduction Lincoln Electric is among the fortune 1000 company which was started by John C. Lincoln to produce electric generators and later John along with his brother James started producing high quality arc welding machines and became a leading suppliers of such equipments (Lincoln Electric, 2017). Both of them shared the same ideology of employee motivation at workplace. Lincoln electric is widely known for their no layoffs policy which means they havent fired any of their workers in the tough times of depression. The reason lies in their incentive pay system. They clearly knew that the key to secure a competitive position in the market is the strategic contribution of every individual in achieving the desired goals and objectives. The report discusses about the various performance management techniques in the context of rewards and their implications on the performance on their workforce. The report also highlights the existing incentive pay scheme (Burton, 2012). Employee motivation is ver y important to achieve strategic goals of the organization and performance management ensure this. Performance management refers to the process of monitoring and managing employees performance and aligning their efforts into the direction of achieving the management goals. The person responsible for increasing the productivity of the employees of Lincoln Electric is their CEO Mr John Hastings, who in this ever changing dynamic environment managed to retain its employees and ensure a job satisfaction (Hastings, 1999). Reward practices at Lincoln Electric Mr Don Hastings, the CEO of Lincoln Electricals was responsible for integrating the ideologies of Lincoln brothers to motivate the employees through an effective incentive pay system. He knew the importance of compensation and rewards to increase the productivity of the employees and organization. Employees welfare in an organization is very important and he made sure that by offering them the rewards they deserve. The reward practices that are being followed at Lincoln Electrics are: Piece work system: The piece work system refers to the policy of earning on the basis of the output produced by a line worker in a manufacturing unit. This system directly rewards the contribution of the worker in the total production of an organization. Lincoln Electric has implemented this system for their factory workers. There is no fixed base wage and every individual is strictly paid for their produced output. This system gained a lot of criticism because it reminds the condition of garment workers, who are exploited and paid poorly on every piece produced. James Lincoln saw this piece work system as a great opportunity to induce the factory workers to contribute productively and they will be paid fairly. The output produced was directly linked to their personal interest as more they will produce the more they will earn. This system was proving to be very successful at Lincoln Electric because there was no restriction on how high can an individual earn. The rate of Absenteeism due to this has been very low. Though this system undoubtedly increased employees motivation but having a no base wage was a threat to the workers living. It has been also been mentioned in the case study that the workers were much tensed due to the recession which has directly affected their earnings. They were not earning well as they were earn earlier. Profit Sharing system: Profit sharing system refers to the distribution of profits as bonus to employees. This is a very effective incentive plan that ensures strategic contributions of every individual working in an organization because the more efficiently they work the more profits will an organization earn. The risk and rewards earned by an organization is also being shared among the employees. This concept is also known as share economy. A major part of profits earned by Lincoln Electric is distributed to the employees as yearly bonus. The employee retention rate is very high under this system. They know they will get a share from profits in the boom phase and during the tough times only the incentive amount is less. Profit sharing results directly into no layoffs (Jana Petr, 2013). The profit sharing system can prove to be a costly affair for an organization. Profit retention is very important for the growth and expansion of the business. During the time of recession, when organizations are struggling to earn profits for survival they have an obligation to pay the employees (Koller, 2013). Year-End Bonus: Lincoln Electric follows year-end bonus policy to give bonus to their employees. Bonus amount is calculated on the basis of the profits earned by the company and the grades which are given by the supervisor on the basis of their performance, competitiveness and flexibility in the working environment (Brown Reily, 2009). Though it works as great motivator but it creates a feeling of jealousy and unfriendly competition among the workers. The measures of the employees performance are the grades. Low grades are reflected in their bonus amounts. No Layoffs policy: Lincoln Electric is famous for their no layoff policy. They havent dismissed anybody from their organization since World War II or in during the time of recession. This gives an individual a job security and they are more motivated and committed to achieve organizational goals. Alternative Reward practices: Health insurance cover: Lincoln Electric does not provide any life insurance to the employees. Life insurance is often perceived as an additional cost burden on the organizations financial structure. But it is a major factor in recruiting and retaining potential talent. Workers at Lincoln electric who are involved in Arc welding are exposed to many health hazards such as electric shock, exposure to welding fumes and gases, risk of fire and explosion due to extreme temperature created by welding arc and loss of hearing power due to high welding machine noises (Lincoln Electric, 2017). All these can risk the lives of workers and their families who are dependent on them. Offering them the life insurance plan will give them assurance that their families are financially secure even after their death. This will increase the morale of the employee and will affect their performance in a positive way. Also, the firm will also get some tax benefits under this scheme (Miller, 2015). Workers Wellness programs: Lincoln Electric can also initiate a workers wellness programs which will not only include health care benefits for the employees but their family members too. The main objective of these programs is to create a healthy corporate environment to work in. The wellness package can include regular workplace health check-ups of employees to analyse their mental and physical wellbeing. For the line workers, employers can arrange workshops to enhance their knowledge on the factory safety methods. Also for the families paid health check-ups can be arranged (Kohll, 2016). This wellness programs can ensure productivity of the employees as the health risks will be low and due to this the absenteeism rate will also decrease. Workers who do not have fixed pay can benefit from these programs as the cost of health care benefits is high. This can ensure employee satisfaction and retention (Sullivan, 2013). Offsite employee activities: Offsite activities are recreational activities which are organized by the employer outside the organization. The reason behind conducting offsite activities is to provide employees and workers a break from their routine, so that they can relax and resume their workplace responsibilities with enthusiasm and contribute productively in achieving organizational goals. It includes many activities such as Volunteering in which employees participate in activities of giving back to the community they live in. These generally include CSR activities. Offsite activities also include fitness activities or playing sports and some field trips. Outdoor trips on the working days can bring a change in their usual working routine; it also strengthens the bonding between the co-workers. These activities also give an opportunity to the top level management and executives to interact with the people working in their organization which is not possible on the daily basis. This will help management to address employees issue (Sarita Gautam, 2015). Improving performing management process Managing employees performance in an organization is very important to ensure a sustainability position in the market. Lincoln Electric has been emerged as a leader in the arc welding product globally and the reason behind its success is their efficient workers and employees who are working continuously without taking any leave. There are certain issue of workers and employees that are needed to be resolved in order to manage their performance so that they can contribute strategically in the growth of the organization. An effective performance process will not only increase the productivity of the employees but lower the turnover and absenteeism rate of employees (Lin Jee, 2011). Factors that can improve the performance management process are: Basic wages: The line workers at Lincoln Electric are seen quite concerned because the economic position of the country directly affects their piece work wages. They are earning less than what they used to make earlier. Lincoln Electric should start providing a decent basic wages as per the industry norms to its workers. Basic wages gives workers a financial security to fulfil their obligation towards their families (Luce, 2012). Piece work wages are heavily dependent on many situations such as economic position of the country and the organizations performance in the market. By providing financial security to the workers in form of fixed wages, an employer will be able to retain and attract hardworking workforce. Non-monetary rewards: Employees of Lincoln Electric are induced by the management in form of attractive yearly bonus and share in the profits. But this is not the only factor to improve their performance. It is the responsibility of the employer to praise the employees hard work and performance (Laakso, 2012). They should acknowledge the efforts of employee in front of their co-workers so that they feel motivated to perform more efficiently. Also, the employer should take regular feedbacks from people working in the organization (Waqas Saleem, 2014). Mandatory breaks: At Lincoln Electric the workers resist lunch breaks or refreshment breaks due to the piece work system. They want to produce more output so as to earn more wages. They do their lunch at the factory and at times come even before their shifts starts. This is a very hectic schedule and may affect workers health and productivity in the future. The supervisor should fix a compulsory break time which will refresh the workers and they can do their work with enthusiasm. All these activities will help in performance management of employees and helps organization to retain the potential talent and increase their efficiency so that they can collectively achieve strategic goals of the organization (Saks Gruman, 2011). Conclusion Lincoln Electric has been emerged as a leader in its industry. The organization has secured a competitive position in the market because of their highly competent and dedicated workforce. By giving employment security to the individuals and maintaining their commitment of not laying off employees during economic downturns is an indication of long term commitment towards securing employees interest in the organization. Their incentive pay system which includes piece work system and profit sharing system has been idolised by many organizations and it directly affects their productivity at the workplace. They know the importance of employees contributions and as result they dont fix any incentive bar for them. There are certain issues that are needed to be addressed so that they can increase employees engagement and manage their performance for the sustainability of their business. Recommendations Reward practices of Lincoln Electric have proven to be successful in managing the performance of the employees but still front line workers are worried about their substantial decline in their piece rate so in order to secure their financial interest, employer should provide them with fixed wages. Also, the practice of giving yearly bonus which includes evaluating the performance of employees by giving them grade in comparison to its co-workers should be avoided as it increases unhealthy competition. Rather they should switch to acknowledging the work of the best performers and rewarding them accordingly. This will result into increase in the self-esteem and morale of the employees and help them to be productive at workplace. References Brown, D. Reily, P. (2009). Measuring the effectiveness of pay and reward practices How do we achieve more evidence-based reward management? Retrieved from https://www.employment-studies.co.uk/system/files/resources/files/mp84.pdf on 4 April 2017. Burton, K. (2012). A Study of Motivation: How to Get Your Employees Moving. Retrieved from https://spea.indiana.edu/doc/undergraduate/ugrd_thesis2012_mgmt_burton.pdf on 4 April 2017. Hastings, D.F. (1999). Lincoln Electrics Harsh Lessons from International Expansion. Retrieved from https://hbr.org/1999/05/lincoln-electrics-harsh-lessons-from-international-expansion on 4 April 2017. Jana, F. Petr, P. (2013). Profit-Sharing A Tool for Improving Productivity, Profitability and Competitiveness of Firms? Journal of Competitiveness. Retrieved from https://www.cjournal.cz/files/148.pdf on 4 April 2017. Kohll, A. (2016). 8 Things You Need To Know About Employee Wellness Programs. Retrieved from https://www.forbes.com/sites/alankohll/2016/04/21/8-things-you-need-to-know-about-employee-wellness-programs/#31b315a840a3 on 4 April 2017. Koller, F. (2013). The miracle of profit-sharing: Year 65 and still no layoffs. Retrieved from https://www.pbs.org/newshour/rundown/the-miracle-of-profit-sharing-year-65-and-still-no-layoffs/ on 4 April 2017. Laakso, L. (2012). Case study: The impact of financial and non-financial rewards on employee motivation. Retrieved from https://publications.theseus.fi/bitstream/handle/10024/42808/Laakso_Lotta.pdf?sequence=1 on 4 April 2017. Lin, S.J. Lee, Y.P. (2011). PERFORMANCE MANAGEMENT IN PUBLIC ORGANIZATIONS: A COMPLEXITY PERSPECTIVE. International Public Management Review. Retrieved from journals.sfu.ca/ipmr/index.php/ipmr/article/download/103/103 on 31 March 2017. Lincoln Electric. (2017). Company History. Retrieved from https://www.lincolnelectric.com/en-us/company/Pages/company-history.aspx on 4 April 2017. Lincoln Electric. (2017). Five Potential Welding Safety Hazards to Avoid. Retrieved from https://www.lincolnelectric.com/en-us/support/welding-solutions/Pages/Five-potential-welding-safety-hazards.aspx on 4 April 2017. Luce, S. (2012). Social justice and growth: The role of the minimum wage. International Journal of Labour Research. Retrieved from apirnet.ilo.org/resources/social-justice-and-growth...role-of...minimum-wage/.../file1 on 4 April 2017. Miller, B. (2015). Do You Offer Life Insurance to Employees? Retrieved from https://hrdailyadvisor.blr.com/2015/11/10/do-you-offer-life-insurance-to-employees/ on 4 April 2017. Saks, M.A. Gruman, A.J. (2011). Performance management and employee engagement. Human Resource Management Review. Retrieved from hop.tarjomeplus.com/Uploads/site-1/DownloadDoc/288.pdf on 4 April 2017. Sarita Gautam, K. (2015). Happy Workers Are Productive Workers. The International Journal Of Business Management. Retrieved from www.theijbm.com/force_download.php?file_path=wp-content/uploads/...id... On 4 April 2017. Sullivan, J. (2013). Heres Why Employers Need To Keep Offering Health Care Benefits. Retrieved from https://www.eremedia.com/tlnt/heres-why-employers-need-to-keep-offering-health-care-benefits/ on 4 April 2017. Waqas, Z. Saleem, S. (2014). The Effect of Monetary and Non-Monetary Rewards on Employee Engagement and Firm Performance. European Journal of Business and Management. Retrieved from https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.685.3904rep=rep1type=pdf on 4 April 2017.
Tuesday, May 5, 2020
Online Identity
Question: Write an essay onOnline Identity. Answer: Marwicks article on Online Identity deals with the identity of an individual on social media sites. She has explained various theories of identity and applied them to new media contexts. She has also examined the major issues surrounding the new media and identity of an individual by looking specifically at blogs, micro blogging and social networking sites like Twitter, Facebook, Instagram and likewise. The writer has stated that the online identity of an individual is influenced by his online activities. She has also stated that the digital tokens including the icons, pictures, fonts, videos, and music have become the symbolic markers of personal identity. The author has illustrated the work of Lisa Nakamura, a researcher who has examined that most of the online representation of the individuals are generally racist. Most of the online identities are stereotyped and are assumed to be straight males and white individuals (Marwick, 2016). The writer has been of the opinion that the in dividuals today are using social media to communicate with people. The article more or less explains the conept of online and offline identiy of the individuals. Learning experience The writer has emphasized on the fact that the digital identities have become problematic. She has supported her argument by stating that the individuals often present themselves differently upon being influenced by the audience and context. The representation of the identities of individuals also depends on who they are and where they are. Really, this theory made me question the contents that I had created in my Facebook, Twitter, and Instagram accounts. This was a great learning experience for me to realize that, to what extent social media influences our perception on the identities of the individuals. Social media site related to the article It reminds me of the proverb, "on the internet, no one knows you're a dog" and it holds true to its literal sense (Krotoski, 2012). The issue of authenticity on Tinder is bothering the entire world as the people pretend to be someone else. In fact, one of the essential elements of social media success is hiding or pretending to be someone elses identity. The authentic identity of Tinder is anonymous as people can pretend to be someone else easily (Dijck, 2013). The people can upload random pictures and videos on Tinder pretending to be theirs. However, the social media site is linked with Facebook (Bhagavatula, 2014). It is argued that individuals create fake accounts on Tinder to increase their friends by pretending to be someone else. The people conversing on Tinder have no option but to listen or view the profile. However, it is upon the person if they believe on the impression created by the user to be authentic or genuine. With highly crafted imagery, language and media, people are able to explore impression management. Therefore, online identity can be deliberately delineated (Krotoski, 2012). References Bhagavatula, N. (2014). Social Media -- Legal Ramifications. SSRN Electronic Journal. https://dx.doi.org/10.2139/ssrn.2571973Dijck, J. (2013). 'You have one identity': performing the self on Facebook and LinkedIn. Media, Culture Society, 35(2), 199-215. https://dx.doi.org/10.1177/0163443712468605Krotoski, A. (2012). Online identity: is authenticity or anonymity more important?. the Guardian. Retrieved 12 July 2016, from https://www.theguardian.com/technology/2012/apr/19/online-identity-authenticity-anonymityMarwick, A. (2013). Online Identity. Retrieved from https://www.Identity-Chapter_amarwick_2013.pdf
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