Discuss the role of testing of employees as it relates to the Essay

Discuss the role of testing of employees as it relates to the selection process. Summarize your findings - Essay Example This paper looks at the various roles played by employee testing which relates to the selection process. The testing and selection processes in an organization are tedious and demanding. Moreover, they are associated with increased levels of managerial involvement and commitment. Despite the challenges involved with the processes, organizations have nothing to lose. Instead, employee testing and selection helps organizations maximize on their output and quality of its operations. This is because organizations place the right people to do the right job. Among the essential characteristics of the right person for a job description, include the best academic qualifications, high integrity, the best skills, knowledge and creativity. According to McTague (2001), the testing process establishes the skills, expertise, knowledge creativity and capabilities of a potential employee of an organization. Testing process comes after the employees have undergone preliminary interviewing process. Af ter the preliminary interviews and actual employee selection take place, qualifying candidates undertake tests that take different forms. Testing takes place before the actual hiring of employees to ensure that the right qualities meet the requirements by the organization. The increased dynamics in the business environment caused by increased levels of globalization has increasingly changed the manner in which businesses carry out their business. Service industry is the most affected as the demand for integrity and high morals among the employees has taken centre stage. Even the manufacturing industry has taken suit in employee testing. Competition for market shares and high sales levels necessitates the need for quality products, which is only achievable with highly qualified employees placed on the right jobs. Various activities take place during the testing process. Integrity tests involve running drug tests on employees to ensure that employees hired are drug free especially for the service delivery organizations such as insurance companies and banks. People working in the manufacturing industry need to be sober, as working with machines require increased levels of concentration. Arthur (2012) advises that a mistake at any stage in the production process affect the product. Employees who are constant drug users or addicts are prone to accidents, which occur as they work with different machines. A person who is under the influence of stimulant drugs is subconscious and thus, the likelihood of injury is higher than that of sober people. While this affects the total output by employees as injured employees go through medication, low quality products are less competitive in the market. Thus, drug testing has numerous benefits to an organization. Testing process also saves organizations the problems associated with absenteeism and high employee turnover. Psychological testing of employees helps determine if the career paths chosen were in line with their intere sts or whether it was an option presented to them (Collings & Wood, 2009). People who follow their desired career paths are more enthusiastic in carrying out their duties despite the levels of challenge that they are likely to face. Insurance and marketing are job descriptions requiring high levels of commitment and

Aramex Distribution Strategy Essay Example | Topics and Well Written Essays - 250 words

Aramex Distribution Strategy - Essay Example There are two major factors that make the degree of market exposure required by Aramex very high. The first of these has to do with the fact that the company operates in a modern globalised market where there is so much competition within the logistics and transportation sectors3. Again, there exist limited users of the services that the company offers. Consequently, the company has positioned itself in a manner that ensures that it exposes itself to as many clients as possible. The strategy behind the market exposure has been one that targets globally recognized exporters and their affiliates4. With such as selective distribution strategy, the company’s investments on marketing always get to the right target and thus bring about the needed returns. Aramex practices a comprehensive distribution channel with so much emphasis on reaching the right people. The main guiding principle to the channel is the fact that the company revolves the distribution channel on an online system whereby distributors, wholesalers, retailers and direct end-users are reached through an online mechanism. Commonly, the over 700 wholesalers of the company get their supplies by placing an electronic demand and they in turn give out their distributions to retailers via electronic commerce5. In the midst of all these, there are terrestrial transporters who operate distribution vans and work directly under the retailers. Invariably therefore, the whole channel becomes a well coordinated one that fits into an integrated marketing channel to form a common

Money Laundering Impact on Mauritius Economy

Money Laundering Impact on Mauritius Economy The purpose of the study concerned the impact of money laundering and its effects on the local economic and method of laundering technique in Mauritius. Money Laundering is very vast in nature; it consists of various steps, technique and approach of undertaking such unlawful activity. The research analyzes the economic effects of Money laundering in the Mauritian Economic. The research work will attempt to examine the money laundering activities and the usefulness of prevention and detection techniques by local companies. The method that is to be used is mainly studying available research papers so that we get a maximum of information. The purpose of this study is to provide the general public a broad idea on money laundering with some existed solutions. The research will be in the main interest of financial institution, Government and General Public. 2.0 Literature Review 2.1 What is Money Laundering? Money laundering is the process by which money is obtained illegally. Various types of frauds corruption, cooking the books, involve money which has been preceded by several criminal acts. Individual or groups make illegal gains by carrying out these criminal acts and often swindle high amounts. Money laundering makes it possible to legitimate ill-gotten gains through computer crimes, insider trading, and bribery where these produce large amounts of profits. Money laundering takes place within all types of profit-motivated crime, such as embezzlement, fraud, misappropriation, corruption, robbery, distribution of narcotic drugs, and trafficking in human beings (ÃÆ'ËÅ"kokrim, 2008). 2.2 Characteristics of Money Laundering Money Laundering consists of a series of various transactions used to change the source of financial assets so as these assets can be used without compromising the criminals offences. These transactions involve 3 stages (Billy Steel, Money Laundering Stages of the Process): 2.2.1 Placement The first stage refers to the physical distribution of financial assets. It is the most dangerous one for the perpetuators as the money from illicit activities are introduces into the financial system. Money laundering is a cash intensive business generating huge amount of cash from unlawful activities (for example street drug dealing, where payment are made in cash). The proceeds are then place into financial institutions, in the retail economy or deposits out of the country. The principal aim of the launder is to deliberately remove the cash from the location of acquisition and to convert it into other assets so as to prevent detection from authorities. 2.2.2 Layering Layering involves creating complex layers of financial transaction designed to cover audit tails and provide secrecy. The first attempt is to disguise the origin and ownership of the funds by creating complex layers of transaction. The idea of the transaction is to disassociate the illegal funds to the source of the offence. Layering is the second stage, in which the funds are moved so as to veil or remove any whatsoever link from the crime committed to obtain the money. During the layering process, a number of accounts, financial institutions, companies, funds as well as the use of professionals such as brokers, lawyers and consultants as intermediaries could be involved   as this is where the money will be channeled. Assets that are bought through unlawful funds can be resold locally or abroad and as a result, the assets become more difficult to map out and seize. 2.2.3 Integration The final stage consists of the integration of the money in the legitimate economic and financial institution. Integration is the stage whereby takes place the creation of a legitimate basis for the asset origin. The launder make the money appear legally earned and cleaned. At this stage it is very difficult to distinguish by authorities the difference between legal and illegal wealth. The money is viewed as being legal, and the criminal can use it for any purpose. Illicit money is often removed from its country of origin to be cycled through the international payment system so as to blur any audit trait (Joyce, 2005). There are different ways in which the third stage of money laundering is done. For example, a credit card might be handed out by offshore banks, casino à ¢Ã¢â€š ¬Ã…“winningà ¢Ã¢â€š ¬? can be cashed out, capital gains on option, and stock trading might follow, and real estate sale might lead to profit. The proceeds of criminal acts could be generated from organized crime such as drug trafficking, people smuggling, people trafficking, proceeds from robberies or money acquired by embezzlement, tax evasion, fraud, abuse of company structures, insider trading, or corruption. Popular Methods of the launders at this part of the game is Sending fake import à ¢Ã¢â€š ¬Ã¢â‚¬Å" export invoices and overvaluing the price of the goods. Consequently in allows the launders to more the funds from one company or country to another with the invoices serving as source of the capital place with financial companies. A simpler technique is to shift the money (via EFT) to a rightful bank from a bank owned by the launderers, as off the shelf banks are easily purchased in many tax havens. The establishment of unspecified company in countries where the right to concealment is guaranteed. In such case the launderer is in a position to grant loans from banks to undertake certain future legal transaction. In addition launders can claim tax relief on loan repayments and interest on loan so as to increase their profits. Most criminal acts are motivated by profit, argues Financial Intelligence Unit (2008). When substantial profits are generated from crime, perpetrators have to devise a means to control the assets in such a way that they do not attract attention to themselves or the crime committed. Thus, the money laundering process is crucial in order to enjoy the profit without arousing suspicion. 2.3 Problem statement: 2.3.1 Banking Secrecy: A major drawback of money laundering Banking secrecy is a professional obligation, meaning that financial institutions shall not expose a customers financial information and they even have the right to resist any third partys enquiries in order to protect the customers wellbeing. Secrecy laws have served to safeguard persons from financial failure in countries plagued by unsteadiness, fragile currency and run-away inflation rate. Wealthy individuals and political agents are also protected by allowing them to hide their possessions to avoid the risk of persecution (Savona, E.U, 1997). In some countries, for example in Switzerland, the revelation of secret banking information is punishable by law, whether it is intentional or unintentional (Corrado, M.G, 1988). In the world we are presently living, nobody can deny the fact that banking secrecy is the most significant weapon for money launderers. Some countries like Hong Kong, Switzerland, Panama are even known as notorious banking secrecy heavens. These jurisdictions really make the crime of money laundering more severe and out of control. For instance in Hong Kong, a new regulation was introduced in 2000 which requires banks to report suspicious transactions. This resulted in 6,100 suspicious transactions being reported in 2000 and 95% of them were from banks (www.hongkong.org/press/ny-021400.htm, 15th Aug 2001) 2.4 Combating Money Laundering: The Lifting of Banking Secrecy Despite being an important part of individual privacy, banking secrecy has to be lifted in some cases as it is equally important to fight against money laundering in order to guarantee a protected and safe society. The lifting of bank secrecy has already been embodied in the most vital international documents. Each party should authorize the court or other authority to order that financial or business reports should be made accessible or be seized under the 1988 Vienna UN Convention, the 1990 Strasbourg Convention and the 2000 Palermo US Convention specifically (United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances, Art.5(3), 1990 Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime, Art.4(1), United Nations Convention against Transnational Organized Crime, Art.12(6)). The FATF recommended that financial institutions should concentrate on all unusual or large transactions, which have no evident economic or lawful purpose. Such transactions should be examined, written and be made available to supervisors, auditors and law enforcement agencies. If financial institutions doubt that proceeds come from a criminal activity, they are required to account for their suspicions to the expert authorities without delay (The FATF Recommendations on Money Laundering, 1996 Art 14, 15). These measures are innovative, modern and extremely different from the conventional banking system. In early times, the relationship between financial institutions and customers were founded on trust and confidence: neither the banker asked questions nor the customers made disclosures. The situation has now changed. Along with that, the way of thinking and attitude of bank directors, staff and that of management authorities have changed (Galvao G, 1997). 3.0 Research Methodology 3.1 Aims and Objective of the research The aim of the research is to identify evidence of banking secrecy and their effectiveness in combating money laundering. Cases of money laundering in Mauritius will be studied and analysed. Key principles from the anti-money laundering act and from regulations imposed by bank regulators (e.g. Financial Services Commission and the Bank of Mauritius) will be outlined. The study will then research on the measures taken by banks to fight against potential cases of money laundering in order to guarantee a protected and safe banking service. The lifting of bank secrecy has already been embodied in the most vital international documents. The objectives of this research are to: 3.2 Research Method A survey with a self-administered questionnaire will be the data collection technique used. The questionnaires will be sent to the senior managers, executives and branch managers of the identified banks in Mauritius. Visits to the company/meeting with the relevant person will be carried out where necessary to ensure maximum response and that questionnaire is being filled up by the addressee. Also, secondary data will be taken from company websites, reports and financial statement to supplement research. 3.3 Statistical Analysis of data After the questionnaire, the response will be input as data so as to make use of specific statistical technique. Thus SPSS statistical package will be used to analyze data for the findings of the research. 3.4 Benefits of the Research The research will be beneficial to: Companies Government Future Research Dissertations 3.4.1 Companies Combating money laundering will have a positive impact on companies: Through integrated management of financial crime operational efficiencies will improve The risk of corruption, identity crime and other criminal crimes will reduced considerably Reduced financial risk, reputational risk and legal risk Bad debts and fraud losses due to customer comprehensiveness 3.4.2 Government Money laundering has a negative effect on the economy, such as loss of control on the economical policy, economic distortion and instability. Moreover, government loss revenue as tax collection becomes more complicated and confusing. Therefore, the research will help to reduce these drawbacks. 3.4.3 Further Research Research will assist other researchers to make further research in the topic. Ghantt Chart Task/activity Mar Apr May Jun Jul Aug Sep Oct Choose topic à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · Literature search à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · Developing framework à ¯Ã¢â‚¬Å¡Ã‚ · à ¯Ã¢â‚¬Å¡Ã‚ · Design questionnaire à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · à ¯Ã¢â‚¬Å¡Ã‚ · Survey à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · Data Input à ¯Ã¢â‚¬Å¡Ã‚ · à ¯Ã¢â‚¬Å¡Ã‚ · Analysis à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · à ¯Ã¢â‚¬Å¡Ã‚ · Writing up à ¯Ã¢â‚¬Å¡Ã‚ · à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · à ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ ·Ãƒ ¯Ã¢â‚¬Å¡Ã‚ · Submit à ¯Ã¢â‚¬Å¡Ã‚ · Budget Analysis Expenditures Rs Consultants and contracts 1400 Travel 400 Supplies and materials 400 Communications (Telephone, postage, etc.) 150 Equipment (Purchase) 700 Other (Equipment rental, etc.) 400 Total 3450

Autonomy and Responsibility The Decision to Drop the Atomic Bombs on Ja

Autonomy and Responsibility The Decision to Drop the Atomic Bombs on Japan Along with being a world superpower comes a long list of resposiblilities. One such responsibility is the decision of how to deal with other nations when they get out of line. People will always point fingers at who they think is at fault when a nation has to go to war with another. One such example of this is when the United States was brought into the Second World War because of the bombing of Pearl Harbor. By becoming involved in World War Two, the U.S. had to fight Japan, which led to the most important decision of the century. This decision was whether or not to drop the atomic bombs on Hiroshima and Nagasaki. This decision was mainly placed on the shoulders of President Harry Truman. Truman did not jump to the idea of using the atomic bombs on Japan right away. In fact, he and other military officials came up with a few strategies for invading the Philippines initially (1, 17). Some military officials first proposed creating a blockade in the Pacific with carriers (1,18). Another plan was a two-phase amphibious assault on the island of Kyushu (1,18). In this plan the first landing would be followed by a larger second invasion (1,19). With this plan, though, it was estimated that Japan would not surrender until late 1946 (1,21). Also, it meant the use of British troops, and Great Britain could not afford to spare any because of the campaign in Europe (1,21). This meant that far too many lives would be lost on both sides, with a startling amount of half a million on the American side. By now the idea of using the first atomic bomb on Japan was being born. Due to the difficulty of fighting the Japanese in the Philippines, partially because of... ...deal world no bombs would be needed at all because there would be no wars,†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.but lets face the fact that that will never happen. There will always be conflicts between nations that can only be resolved through war. Works Cited 1)Fogelman, Edwin. Hiroshima: The Decision to Use the A-bomb. New York: Scribner. 1964. 2)Lifton, Robert Jay. Hiroshima in America. New York: Putnam's Sons. 1995. 3)Sherwin, Martin J. A World Destroyed. New York: Alfred A. Knopf, Inc. 1975. 4)Skates, John Ray. The Invasion of Japan: Alternative to the Bomb. Columbia: University of South Carolina. 1994 5)Hiraoka, Takashi. "Hiroshima" August, 1998. Online posting. 5 Feb. 1999 < http://www.igc.apc.org/napf/hiroshima98.html>. 6)Bernard, Tony. "Atomic Bombs" 1995 Online Posting. 3 Sep. 1997 < http://www.city.hiroshima.jp/City/ABombDamage/01.html>

Count of Monte Cristo Character Analysis

The Count of Monte Cristo Character Analysis In the novel The Count of Monte Cristo, I read many events unfold. Edmond Dantes was a very happy and honest man. He has the perfect life, or so it seemed. On the day he was to be betrothed to Mercedes, three men tried to ruin his life. Dantes ended up in prison for fourteen years. Once he escaped prison, he sought revenge on those who lied to get him falsely accused of being a bonapartist agent. I think Edmond Dantes is the protagonist. He sees everyone for who they really are, he tries to get revenge while helping others, and he does not punish those who do not deserve it.People have many personalities, depending on who you are in the world; you might get treated better or worse. It’s all about rank, if someone have something someone else wants, chances are, he/she will not get treated fairly. When everyone else was keeping secrets, Edmund knew exactly what was going on. Edmund saw that the three men were trying to ruin him; there fore, he did to them what was done to him. â€Å"I†¦ have been taken by Satan into the highest mountain in the earth, and when there he†¦ said he to me, ‘Child of earth, what wouldst thou have to make the adore me? †¦ I replied, ‘Listen†¦ I wish to be Providence myself for I feel the most beautiful, noblest, most sublime thing in the world, is to recompense and punish. ’† (Dumas The Count of Monte Cristo) Edmund finally saw what he had they wanted, he would have had a beautiful wife and was about to get a great job. Revenge is not always the answer, but sometimes as people, we are left with no choice. Monte Cristo seeks revenge but he does not let the revenge blind him. While Monte Cristo was avenging his false accusation, he did not just hurt people, he also helped them.When Madame d’Villefort and her son Edward were in a carriage, it was being pulled by two â€Å"wild† horses. The carriage was out of control so Monte Cris to had his servant stop the carriage. Albert de Morcerf got captured by Luigi Vampa, a Roman bandit, and Monte Cristo saves Albert de Morcerf from getting killed. Monte Cristo did admit to going a little too far though. â€Å"He felt he has passed beyond the bounds of vengeance and that he could no longer say, ‘God is for and with me. ’† (Dumas The Count of Monte Cristo) Monte Cristo did not punish those who did not deserve to be punished.Monte Cristo is somewhat a fair person, he spares quite a few lives. When he was supposed to fight Albert to the death, he spared his life because Mercedes asked him to spare her son’s life. He almost caused the death of Valentine but then saved her from having to marry someone she did not love. One Monte Cristo reunites Valentine and Maximillian, they are happy because they van finally be together at last. â€Å"There is neither happiness nor misery in the world; there is only the comparison of one state with another, n othing more.He who has felt the deepest grief is best able to experience supreme happiness. † (Dumas The Count of Monte Cristo) Monte Cristo sought revenge because he was imprisoned for no reason, at all. Revenge is not always okay, but if someone hurts someone else that bad, it is very much needed. Everything happens for a reason and people cannot just hurt eachother and expect everything to be all rainbows and butterflies. There were three antagonists in this novel, and Edmund Dantes is not one of them. How would other people act if they got arrested and put in prison for no reason?

Grades Encourage People to Learn Essay

Grades encourage people to learn TOPIC 5 : Do you agree or disagree with the following statement? Grades encourage students to learn. Use specific reasons and examples to support your opinion. As we all know, in the school, people use grades to evaluate the result of studying process. And it is clear to see that grades encourage students to learn so much. Because it helps students have a specific target, know what their strength and weakness are and try to learn to get benefits that high grades bring to them. First of all, the most important thing when you start to do something is that you have to make your own goal. Knowing clearly/obviously What you want to achive will help you get/make a clear plan about what you have to do. In the school, the grades play a role as that goal. Once you had a specific purpose you will try your best to reach it. (example ? ) Secondly, the second, because grades are used to evaluate your academic result, you will have a/an overview about what subjects you are good at or bad at. This will be useful for you to pay more attention to which parts you are not so good to improve them. Finally, when you get/obtain high grades in the school you will have a chance to get a good job. When you apply for a job, recruiters usually look at your CV including your academic result first to make a decision if they will give you an interview. The grade is a standar to determine your ability in gaining and understanding new knowledge. So high grades help you have a good quality in others’eyes. In conclusion, grades help students make an effective approach of studying. Besides, good grades bring students many benefits. That is why grades encourge students to learn so much.

Should SSD Recipients with Mental Illness Lose Their Guns

Should SSD Recipients with Mental Illness Lose Their Guns Should SSD Recipients with Mental Illness Lose Their Guns? In light of increasing reports of gun violence, the right to own a gun and the requirements for carrying a lethal weapon have been fiercely debated throughout the nation. Proponents for stricter gun licensing often advocate taking steps to prevent those with a history of mental illness from obtaining a weapon as one of the key elements in reducing gun-related deaths.As part of these efforts, the Social Security Administration is currently moving forward with plans to report people receiving  Social Security Disability benefits  for mental disorders to the Federal Bureau of Investigation in order to prevent them from legally purchasing guns. While the right to bear arms is protected by the Second Amendment, should people with mental illness and SSD benefits lose this right, or are SSD and guns two matters that should remain separate?SSD and Gun RegulationA May 2016 news report on SSD and gun regulation in  The Hill  states that the Social Security Administration (SSA) has prop osed a rule to begin notifying people receiving SSD benefits for severe mental disorders of the SSA’s intent to report them to the FBI in order to prevent them from being licensed to own or carry a gun. As one of the latest steps to reduce gun violence, the proposal acts as an additional way to address the general public’s concerns to keep gun out of the hands of the mentally ill.The proposal stems from a 2013 memorandum from President Obama that urged aggressively blocking gun ownership from people with mental disorders in the interests of public safety. The president’s memorandum came on the heels of the December 2012 Newtown, Connecticut mass shooting at Sandy Hook Elementary School, which killed 20 children and six adults. According to the  National Institutes of Health (NIH),  reports that the shooter suffered from undiagnosed schizophrenia added fuel to the commonly held belief that mental illness causes gun violence, an assumption the NIH claims is di storted by misguided stereotypes and public perception.Mental Illness, Gun Violence, and the Second AmendmentNIH research indicates that for decades, there have been fierce debates on the connection between mental illness and gun violence. While there are undoubtedly incidents where shootings have involved those with mental illness, the NIH states there is no clear indication that a person diagnosed with a mental condition is more likely to use a gun in a violent act than any other person.As for using mental illness and SSD benefits as a way to screen and block people from owning a gun, the  Washington Times  reports that disability and pro-gun advocates claim that the proposal would potentially ban millions of otherwise responsible people from gun ownership and strip them of their Second Amendment rights.Let Us Assist You with Your SSD Claim TodayIf you suffer from a physical or mental disability that prevents you from earning a living, the Disability Attorneys of Michigan are here to assist you in obtaining the SSD benefits you deserve. We understand the hurdles that often arise in applying for and receiving the benefits you are entitled to, as well as the obstacles and controversies that can arise out of filing a claim, such as the recent proposal concerning the SSD and guns.Serving Detroit and the rest of Michigan, our office can help you get the benefits you deserve.  Contact our experienced Social Security Disability attorneys  today to get the professional legal representation you need to ensure your rights and interests are protected.