Friday, February 28, 2020

Tuition Reimbursement Implementation Report Essay

Tuition Reimbursement Implementation Report - Essay Example Since the program will enhance the employees retention, this alone will be a significant move for the business. The contemporary challenge that is facing most businesses perennially is the inability to retain the employees (Arthur, 2008). The business will no longer experience the tedious exercise of recruiting and doing orientation to the new employees who also needs a period of time to acclimatize to the environment during which the efficiency level is much dwindling. If the business can be able to retain the employees who have had experience in the daily running of the business, it will be a great move since the intermittent trend being realized by the workforce turnover will cease (Arthur, 2008). An employee that is given the tuition reimbursement normally have and demonstrates the feeling of responsibility owed to the business to even do extra as a way of compensating for the program. The advantages of the program come in a cascading manner, business is a dynamic venture and req uires constant ability to engage and cope with. Allowing the employees to acquire further skills and training will only be much advantageous to the business since they will now have to make critical contribution in the management and running of the business in the daily basis (Phillips, & Connell, 2010). The era in which the management and decision making were a preserve of the top management body is long gone, the decision making today spiral from the employees upwards. This can only be possible if the employees are encouraged to advance in their academic life so as to enable them actively participates in their capacity effectively. Experienced, properly educated and relevantly trained employees is an essential recipe in success in the business, this is owing to the much dynamic and fluid status of the business panorama (Phillips, & Connell, 2010). A business that does not put this into account will not only experience perennial departure of the employees but also risk retaining di nosaurs. This program will also open new avenues for the employees in the same business environment. This is because employees values the most any more that is mindful of there career growth and advancement. This program will also build the confidence on the employees that their employers values them and are much interested in their unique skills and will want to retain them in their current position to serve better rather than moving and scouting for the best next job available (Downey, March, & Berkman, 2007). This move will settle the psychological part of the employees about moving and searching for the best job. In implementing the program, the business will also be in a position of ascending their employees for greater position from the existing pool of employees rather than sourcing from outside the business, at least the business will get top management employees from the experienced individuals already in the business. A classical example is when an employee has just comple ted his/her bachelors in human

Wednesday, February 12, 2020

Discuss the reasons why we need a regulatory framework for financial Essay

Discuss the reasons why we need a regulatory framework for financial reporting. What are the advantages and disadvantages of making accounting rules by law as opposed to using IASB standards - Essay Example Due to globalization, many UK companies are now acquiring subsidiary companies in other countries, which function under different financial parameters and there may be a need to modify the existing regulatory and financial frameworks (Haller and Walton, 2003). When different financial accounting standards exist in different countries, it may be necessary to harmonize them and this can only be achieved through modification of the financial regulatory networks. In this context, a report published by the Institute of chartered accountants in Scotland offers the view that the current position in the context of globalization is such that there is an â€Å"ever increasing volume of accounting rules†, which is not sustainable in the long run (ICAS, 2006:2). It’s only principles based accounting is likely to be beneficial Domestic law and regulation has changed in different ways. First, the London Stock exchange was once self regulatory but it is no longer the Listing authority within the U.K. The UKLA (UK Listing Authority) which is a part of the Financial Services Authority (FSA) is now the responsible authority for this purpose. Second, professional bodies which are a part of the UK Accountancy profession, have set up their own private regulatory framework – the Accountancy Foundation – to provide independent oversight of their auditing standards, ethical standards and regulatory activities, including disciplinary procedures. New regulations have also been issued in respect of limiting the remuneration paid to directors and the Companies Act has also been modified (Fearnley and Hines, 2003). These changes in the domestic law mean that the framework which existed earlier and was largely self-regulatory may no longer be adequate. Bullen and Crook (2005) have explained why a conceptual framework is needed. Both the FSAB and IASB, share a common goal of ensuring that their standards are â€Å"principles