Human Resources Training and Development Essay Example | Topics and Well Written Essays - 500 words

Human Resources Training and Development - Essay Example My experience in lab industry has doubled my curiosity. The global presence of Abbott and its dedication for continuous research and development and the passion of Abbott people in 'turning Science into Caring, have made Abbott my choice. The company web site is the primary source to know about its training programs. In addition to it, the universities associated with Abbott training like Western Illinois University and other organizations are also useful. The online newspapers and magazine articles have proved very valuable. Basically, I study about the objectives of a particular training program and how it fills the skill gap meeting the requirements of the organization. Obviously the quality of the program depends on a number of factors like the structure, content, context and the experience of the trainer. I also collect the previous participants of a program. According to Stephen Fussell, senior vice president, Human Resources at Abbott, "It is not only a great place to launch a career, but also a place to build a lifelong career. From an on-line mentoring program, leadership training programs and a full tuition reimbursement program, Abbott has something for everyone." According to the recent trends, there are two major factors that influencing the workforce and work place in many of the US compani

Applied Economics Essay Example | Topics and Well Written Essays - 2000 words

Applied Economics - Essay Example An independent Monetary Policy Committee was launched in 2012 as a subsidiary of the bank to take relevant action in order to eliminate or reduce operational risks with a mission of leveraging and increasing the resilience of the UK financial system (Buckley & Desai, 2011). The committee is also charged with supporting the economic policy of the government. Managing inflation Types of inflation Demand-Pull Inflation In demand-pull inflation, inflation is solely caused by increases in aggregate demand. This inflation develops when the household, government, business and foreign sectors together try to purchase more output than the economy is able to produce. Demand pull inflation results when aggregate demand increases beyond aggregate supply causing shortages in the economy. This type of inflation is can be sustained with an increase in the monetary base (Buckley & Desai, 2011). Cost-Push Inflation In, cost-push inflation, inflation results from decreases in aggregate supply due to i ncreases in cost of production. This type of inflation arises when the cost of using labor, capital, land, or entrepreneurship rises. This means that the production possibilities edge is reducing in size closer to the origin, causing it to bump down against the aggregate demand. The eventual result is inflation. ... Expansion of fiscal and monetary base cause excess demand and as a result, inflation increases. One of the key responsibilities of the bank of England is maintaining monetary stability. This means low inflation, stable prices and confidence in the UK currency. Price stability is defined by the inflation target set by the government, which the bank aims to meet by the decisions taken by the Monetary Policy Committee. The Monetary Policy Committee is a committee that consists of nine experts who meet every month at the bank to discuss and review the performance of the economy and decides on the most effective way to set the monetary policy to achieve the rate of inflation of 2% set by the government (2012). This committee votes on the bank rate at its meetings and decides whether it is wise to employ quantitative easing or not, and if so, how much money should be injected into the economy. The monetary policy committee makes its decision independently without the intervention of the go vernment (Toporowski, 2012). The principal aim of the bank is to protect the value of the currency based on what it is able to buy-an increase in prices implies inflation, which lowers the value of the currency. The monetary policy is created to achieve this aim and developing a structure for non-inflationary economic growth. The monetary policy of the bank of England controls inflation by influencing the interest rate at which money is lent and through quantitative easing (QE)-injecting money directly into the economy by buying assets. This implies that the banks mechanisms of managing inflation through monetary policy budges towards the quantity of money availed in the economy rather than the interest rate at which the bank borrows or lends money to