Personal Financial Plan

Personal Financial Plan Part 5 Sheri Mulder Personal Finance Age 30 Establish good credit and avoid excessive debt Invest aggressively for retirement Buy a first home and build equity Make a will and health directives Age 30-45 Create an estate plan. Buy adequate life and disability insurance. Keep investing as much as possible. Save for children's college. Age 45-65 Leverage peak earning years to build financial security. Shift retirement savings as necessary. Review estate plans regularly as assets grow and to reflect changing life circumstances. Age 65 and beyondAppropriately rebalance assets to manage risk. Take action to minimize estate taxes and facilitate wealth transfer to descendants. Make sure health insurance is adequate. What was used to help establish the personal financial plan was a website that had an example of a financial plan considering life-stage changes. The example was helpful because it showed different ages of an individual's life and what should be done duri ng those stages. The example was helpful to use because the example is very similar to the situation and life style changes that are becoming an issue.The financial resources that would be used to help make financial decisions would be to get a loan from the bank for a mortgage. Taking out a bank loan would only be used if there was a large amount of money needed and there was not enough saved up to use. It is important to have a nest egg to fall back on in case of emergencies so an individual does not have to use financial resources to get him or her out an emergency situation. Short-Term Goals Finishing college Increasing savings account Purchasing a new vehicle Reducing high interest debt Buy life insurance Make plans for retirementIntermediate-Term Goals Paying off expensive debt Creating an emergency fund to cover 12 months of expenses Buying a new car Taking special vacation Long-Term Goals Own a home free of mortgage payments Own a vacation home in the mountains somewhere rem ote Accumulate enough funds to not have to work, but maybe something part time in case I get bored My personal risk tolerance is very conservative at this current moment of life. Although my time horizon has many years to invest, right now the asset level is not high enough to have very much left to invest. My risk olerance is also conservative because of lack of experience and knowledge of investing. In the future when there is a higher asset level, there could be a possibility of hiring a professional to help with an investment. My time horizon impacts my financial plan because of how many years that there is left before retirement. The number of years that an individual has before retirement is important to determine how to invest and save money. By the time of graduation, there should be close to forty years to take on risky investments. There will also be forty years to load a portfolio with bonds and cash. Cash Flow Statement Cash from gross wages |43220 | |Cash paid for: | | |Income taxes and deductions |-8164 | |Mortgage |-7617 | |Food |-9600 | |Car expenses |-7000 | |Clothing |-1800 | |Cell phone |-1560 | |Internet and cable TV |-1272 | Balance Sheet |Assets Liabilities | |Car $6,183|Student Loan $10,000 | |Savings $600 | | |Total $6,783|Total $10,000 | | |Net Worth ($3,217) | Personal Monthly Budget |Projected Monthly Income |$1,667. 28 | |Actual Monthly Income |$2,684. 00 | Housing |Housing |Projected Cost |Actual |Difference | |Mortgage |$934. 72 |$934. 2 |0 | |Phone |$130. 00 |$159. 00 |-29 | |Electric |$212. 00 |$212. 00 |0 | |Cable |$84. 00 |$84. 00 |0 | Start saving, keep saving, and stick to your goals Contribute to your employer’s retirement savings plan Learn about your employer's pension plan Don't touch your retirement savings Ask your employer to start a planPut money into an Individual Retirement Account Find out about your Social Security benefits Time value of money impacts this part of the plan because the long er money is saved, the more it will be worth when an individual retires. When you save or invest money, it will be worth more because it will gain interest by investing it. The earlier a person invests or saves money, the longer that the amount of money has time to gain interest and increase in value. Works Cited https://ww3. janus. com/Janus/Retail/StaticPage? jsp=jsp/Common/JanusReportHTML. jsp&assetname=JanusReportThroughYears ———————– | |

Applied Electricity Lecture Notes

Module 4 Single-phase AC Circuits Version 2 EE IIT, Kharagpur Lesson 13 Representation of Sinusoidal Signal by a Phasor and Solution of Current in R-L-C Series Circuits Version 2 EE IIT, Kharagpur In the last lesson, two points were described: 1. How a sinusoidal voltage waveform (ac) is generated? 2. How the average and rms values of the periodic voltage or current waveforms, are computed? Some examples are also described there. In this lesson, the representation of sinusoidal (ac) voltage/current signals by a phasor is first explained. The polar/Cartesian (rectangular) form of phasor, as complex quantity, is described.Lastly, the algebra, involving the phasors (voltage/current), is presented. Different mathematical operations – addition/subtraction and multiplication/division, on two or more phasors, are discussed. Keywords: Phasor, Sinusoidal signals, phasor algebra After going through this lesson, the students will be able to answer the following questions; 1. What is mean t by the term, ‘phasor’ in respect of a sinusoidal signal? 2. How to represent the sinusoidal voltage or current waveform by phasor? 3. How to write a phasor quantity (complex) in polar/Cartesian (rectangular) form? 4.How to perform the operations, like addition/subtraction and multiplication/division on two or more phasors, to obtain a phasor? This lesson forms the background of the following lessons in the complete module of single ac circuits, starting with the next lesson on the solution of the current in the steady state, in R-L-C series circuits. Symbols i or i(t) Instantaneous value of the current (sinusoidal form) I Im ? Current (rms value) Maximum value of the current Phasor representation of the current Phase angle, say of the current phasor, with respect to the reference phasor I Same symbols are used for voltage or any other phasor. Representation of Sinusoidal Signal by a Phasor A sinusoidal quantity, i. e. current, i (t ) = I m sin ? t , is taken up as an example. In Fig. 13. 1a, the length, OP, along the x-axis, represents the maximum value of the current I m , on a certain scale. It is being rotated in the anti-clockwise direction at an angular speed, ? , and takes up a position, OA after a time t (or angle, ? = ? t , with the x-axis). The vertical projection of OA is plotted in the right hand side of the above figure with respect to the angle ? It will generate a sine wave (Fig. 13. 1b), as OA is at an angle, ? with the x-axis, as stated earlier. The vertical projection of OA along y-axis is OC = AB = Version 2 EE IIT, Kharagpur i (? ) = I m sin ? , which is the instantaneous value of the current at any time t or angle ? . The angle ? is in rad. , i. e. ? = ? t . The angular speed, ? is in rad/s, i. e. ? = 2 ? f , where f is the frequency in Hz or cycles/sec. Thus, i = I m sin ? = I m sin ? t = I m sin 2? ft So, OP represents the phasor with respect to the above current, i.The line, OP can be taken as the rms value, I = I m / 2 , instead of maximum value, Im . Then the vertical projection of OA, in magnitude equal to OP, does not represent exactly the instantaneous value of I, but represents it with the scale factor of 1 / 2 = 0. 707 . The reason for this choice of phasor as given above, will be given in another lesson later in this module. Version 2 EE IIT, Kharagpur Generalized case The current can be of the form, i (t ) = I m sin (? t ? ? ) as shown in Fig. 13. 1d. The phasor representation of this current is the line, OQ, at an angle, ? may be taken as negative), with the line, OP along x-axis (Fig. 13. 1c). One has to move in clockwise direction to go to OQ from OP (reference line), though the phasor, OQ is assumed to move in anti-clockwise direction as given earlier. After a time t, OD will be at an angle ? with OQ, which is at an angle ( ? ? ? = ? t ? ? ), with the line, OP along x-axis. The vertical projection of OD along y-axis gives the instantaneous value of the current, i = 2 I sin (? t ? ? ) = I m sin (? t ? ? ) . Phasor representation of Voltage and Current The voltage and current waveforms are given as, v = 2 V sin ? and i = 2 I sin (? + ? ) It can be seen from the waveforms (Fig. 13. 2b) of the two sinusoidal quantities – voltage and current, that the voltage, V lags the current I, which means that the positive maximum value of the voltage is reached earlier by an angle, ? , as compared to the positive maximum value of the current. In phasor notation as described earlier, the voltage and current are represented by OP and OQ (Fig. 13. 2a) respectively, the length of which are proportional to voltage, V and current, I in different scales as applicable to each one.The voltage phasor, OP (V) lags the current phasor, OQ (I) by the angle ? , as two phasors rotate in the anticlockwise direction as stated earlier, whereas the angle ? is also measured in the anticlockwise direction. In other words, the current phasor (I) leads the voltage phasor (V). Version 2 EE IIT, Kha ragpur Mathematically, the two phasors can be represented in polar form, with the voltage phasor ( V ) taken as reference, such as V = V ? 0 0 , and I = I . In Cartesian or rectangular form, these are, V = V ? 0 0 = V + j 0 , and I = I = I cos ? + j I sin ? , where, the symbol, j is given by j = ? . Of the two terms in each phasor, the first one is termed as real or its component in x-axis, while the second one is imaginary or its component in y-axis, as shown in Fig. 13. 3a. The angle, ? is in degree or rad. ? ? ? ? ? Phasor Algebra Before discussing the mathematical operations, like addition/subtraction and multiplication/division, involving phasors and also complex quantities, let us take a look at the two forms – polar and rectangular, by which a phasor or complex quantity is represented. It may be observed here that phasors are also taken as complex, as given above.Representation of a phasor and Transformation A phasor or a complex quantity in rectangular form (Fig. 13 . 3) is, A = ax + j a y Version 2 EE IIT, Kharagpur ? where a x and a y are real and imaginary parts, of the phasor respectively. In polar form, it is expressed as A = A a = A cos ? a + j A sin ? a ? where A and ? a are magnitude and phase angle of the phasor. From the two equations or expressions, the procedure or rule of transformation from polar to rectangular form is a x = A cos ? a and a y = A sin ? a From the above, the rule for transformation from rectangular to polar form is 2 2 A = a x + a y and ? = tan ? 1 (a y / a x ) The examples using numerical values are given at the end of this lesson. Addition/Subtraction of Phasors Before describing the rules of addition/subtraction of phasors or complex quantities, everyone should recall the rule of addition/subtraction of scalar quantities, which may be positive or signed (decimal/fraction or fraction with integer). It may be stated that, for the two operations, the quantities must be either phasors, or complex. The example of ph asor is voltage/current, and that of complex quantity is impedance/admittance, which will be explained in the next lesson.But one phasor and another complex quantity should not be used for addition/subtraction operation. For the operations, the two phasors or complex quantities must be expressed in rectangular form as A = a x + j a y ; B = bx + j b y If they are in polar form as A = A a ; B = B b In this case, two phasors are to be transformed to rectangular form by the procedure or rule given earlier. The rule of addition/subtraction operation is that both the real and imaginary parts have to be separately treated as ? ? ? ? where c x = (a x  ± b x ) ; c y = (a y  ± b y ) Say, for addition, real parts must be added, so also for imaginary parts.Same rule follows for subtraction. After the result is obtained in rectangular form, it can be transformed to polar one. It may be observed that the six values of a' s , b' s and c' s – parts of the two phasors and the resultant one, are all signed scalar quantities, though in the example, a' s and b' s are taken as positive, resulting in positive values of c' s . Also the phase angle ? ‘ s may lie in any of the four quadrants, though here the angles are in the first quadrant only. This rule for addition can be extended to three or more quantities, as will be illustrated through example, which is given at the end of this lesson.C = A  ± B = (a x  ± bx ) + j (a y  ± b y ) = c x + j c y ? ? ? Version 2 EE IIT, Kharagpur The addition/subtraction operations can also be performed using the quantities as ? ? ? phasors in polar form (Fig. 13. 4). The two phasors are A (OA) and B (OB) . The find the sum C (OC ) , a line AC is drawn equal and parallel to OB. The line BC is equal and parallel to OA. Thus, C = OC = OA + AC = OA + OB = A + B . Also, OC = OB + BC = OB + OA ? ? ? ? To obtain the difference D (OD) , a line AD is drawn equal and parallel to OB, but in opposite direction to AC or OB.A line OE is also drawn equal to OB, but in opposite direction to OB. Both AD and OE represent the phasor ( ? B ). The line, ED is equal to OA. Thus, D = OD = OA + AD = OA ? OB = A ? B . Also OD = OE + ED = ? OB + OA . The examples using numerical values are given at the end of this lesson. ? ? ? ? Multiplication/Division of Phasors Firstly, the procedure for multiplication is taken up. In this case no reference is being made to the rule involving scalar quantities, as everyone is familiar with them. Assuming that the two phasors are available in polar from as A = A a and B = B b .Otherwise, they are to be transformed from rectangular to polar form. This is also valid for the procedure of division. Please note that a phasor is to be multiplied by a complex quantity only, to obtain the resultant phasor. A phasor is not normally multiplied by another phasor, except in special case. Same is for division. A phasor is to be divided by a complex quantity only, to obtain the resultant phasor. A phas or is not normally divided by another phasor. ? ? ? To find the magnitude of the product C , the two magnitudes of the phasors are to be multiplied, whereas for phase angle, the phase angles are to added.Thus, Version 2 EE IIT, Kharagpur C = C c = A? B = A A ? B B = ( A ? B ) ? (? a + ? b ) ? ? ? where C = A ? B and ? c = ? a + ? b ? Please note that the same symbol, C is used for the product in this case. ? ? ? To divide A . by B to obtain the result D . , the magnitude is obtained by division of the magnitudes, and the phase is difference of the two phase angles. Thus, D = D d = ? ? A ? = B where D = A / B and ? d = ? a ? ? b ? ? A a ? A ? = ? ? ? (? a ? ? b ) B b ? B ? If the phasors are expressed in rectangular form as A = a x + j a y and B = bx + j by here A = (a 2 x ? 2 + a y ; ? a = tan ? 1 (a y / a x ) ) The values of B are not given as they can be obtained by substituting b' s for a' s . To find the product, C = C c = A ? B = (a x + j a y ) ? (bx + j b y ) = (a x bx ? a y b y ) + j (a x b y + a y bx ) ? ? ? Please note that j 2 = ? 1 . The magnitude and phase angle of the result (phasor) are, C = (a x bx ? a y b y ) + (a x b y + a y bx ) 2 [ 1 2 2 ] = (a 2 x 2 + ay ? ) (b 2 x 2 + b y = A ? B , and ) ? c = tan ? 1 ? ? ? a x b y + a y bx ? ? a x bx ? a y b y ? ? ? The phase angle, ? c = ? a + ? b = tan ? 1 ? ? a x b y + a y bx = tan ? 1 ? ?a b ? a b y y ? x x ? ? ? ? ay ? ax ? ? ? ? ? ? b ? + tan ? 1 ? y ? ?b ? ? x ? (a / a ) + (b y / bx ) ? ? ? = tan ? 1 ? y x ? ? ? 1 ? (a y / a x ) ? (b y / bx )? ? ? ? The above results are obtained by simplification. ? To divide A by B to obtain D as D = dx + j dy = ? ? A ? = ax + j a y bx + j by ? B To simplify D , i. e. to obtain real and imaginary parts, both numerator and denominator, are to be multiplied by the complex conjugate of B , so as to convert the ? denominator into real value only. The complex conjugate of B is Version 2 EE IIT, KharagpurB * = bx + j b y = B ? ? ? b In the complex conjugate, the sign of the imaginary part is negative, and also the phase angle is negative. ? (a x + j a y )? (bx ? j by ) = ? a x bx + a y by ? + j ? a y bx ? a x by ? ? ? ? ? D = dx + j dy = (bx + j by )? (bx ? j by ) ? bx2 + by2 ? ? bx2 + by2 ? ? ? ? ? The magnitude and phase angle of the result (phasor) are, [(a b D= x x + a y b y ) + (a y bx ? a x b y ) 2 1 2 2 (b 2 x +b 2 y ) ] = (a (b 2 x 2 x 2 + ay 2 + by ) A = , and ) B ? a y bx ? a x b y ? ? ? d = tan ? 1 ? ?a b +a b ? y y ? ? x x The phase angle, ? ay ? ax ? ? ? ? tan ? 1 ? y ? b ? ? x ? ? a b ? a xby ? ? = tan ? 1 ? y x ? ?a b +a b y y ? ? x x ? ? ? ? ? d = ? a ? ? b = tan ? 1 ? ? The steps are shown here in brief, as detailed steps have been given earlier. Example ? The phasor, A in the rectangular form (Fig. 13. 5) is, A = A a = A cos ? a + j A sin ? a = a x + j a y = ? 2 + j 4 where the real and imaginary parts are a x = ? 2 ; ? ? ay = 4 To transform the phasor, A into the polar form, the magnitude and phase angle are Version 2 E E IIT, Kharagpur 2 2 A = a x + a y = (? 2) 2 + 4 2 = 4. 472 ? 4 ? ? = tan ? 1 ? ? ? 116. 565 ° = 2. 034 rad ? ? ? 2? ? Please note that ? a is in the second quadrant, as real part is negative and imaginary part is positive. ? a = tan ? 1 ? ? ? ay ? ax ? Transforming the phasor, A into rectangular form, the real and imaginary parts are a x = A cos? a = 4. 472 ? cos116. 565 ° = ? 2. 0 a y = A sin ? a = 4. 472 ? sin 116. 565 ° = 4. 0 Phasor Algebra ? ? ? Another phasor, B in rectangular form is introduced in addition to the earlier one, A B = 6 + j 6 = 8. 485 ? 45 ° Firstly, let us take the addition and subtraction of the above two phasors. The sum and ? difference are given by the phasors, C and D respectively (Fig. 13. 6). C = A+ B = (? 2 + j 4) +(6 + j 6) = (? 2 + 6) + j (4 + 6) = 4 + j 10 = 10. 77 ? 68. 2 ° D = A? B = (? 2 + j 4) ? (6 + j 6) = (? 2 ? 6) + j (4 ? 6) = ? 8 ? j 2 = 8. 246 ? ? 166. 0 ° It may be noted that for the addition and subtraction operations involvi ng phasors, they should be represented in rectangular form as given above. If any one of the phasors Version 2 EE IIT, Kharagpur ? ? ? ? ? ? is in polar form, it should be transformed into rectangular form, for calculating the results as shown.If the two phasors are both in polar form, the phasor diagram (the diagram must be drawn to scale), or the geometrical method can be used as shown in Fig 13. 6. The result obtained using the diagram, as shown are the same as obtained earlier. [ C (OC) = 10. 77, ? COX = 68. 2 ° ; and D ( OD) = 8. 246, ? DOX = 166. 0 ° ] Now, the multiplication and division operations are performed, using the above two phasors represented in polar form. If any one of the phasors is in rectangular form, it may be transformed into polar form. Also note that the same symbols for the phasors are used here, as was used earlier.Later, the method of both multiplication and division using rectangular form of the phasor representation will be explained. ? ? ? The res ultant phasor C , i. e. the product of the two phasors is C = A? B = 4. 472 ? 116. 565 ° ? 8. 485 ? 45 ° = (4. 472 ? 8. 485) ? (116. 565 ° + 45 °) = 37. 945 ? 161. 565 ° = ? 36 + j 12 The product of the two phasors in rectangular form can be found as C = (? 2 + j 4) ? (6 + j 6) = (? 12 ? 24) + j (24 ? 12) = ? 36 + j 12 ? ? ? ? ? ? ? The result ( D ) obtained by the division of A by B is D= ? ? A ? = B = 0. 167 + j 0. The above result can be calculated by the procedure described earlier, using the rectangular form of the two phasors as D= ? ? 4. 472 ? 116. 565 ° ? 4. 472 ? =? ? ? (116. 565 ° ? 45 °) = 0. 527 ? 71. 565 ° 8. 485 ? 45 ° ? 8. 485 ? A ? = B 12 + j 36 = = 0. 167 + j 0. 5 72 ? 2 + j 4 ( ? 2 + j 4) ? (6 ? j 6) (? 12 + 24) + j (24 + 12) = = 6+ j6 ( 6 + j 6) ? ( 6 ? j 6) 62 + 62 The procedure for the elementary operations using two phasors only, in both forms of representation is shown. It can be easily extended, for say, addition/multiplication, using thre e or more phasors.The simplification procedure with the scalar quantities, using the different elementary operations, which is well known, can be extended to the phasor quantities. This will be used in the study of ac circuits to be discussed in the following lessons. The background required, i. e. phasor representation of sinusoidal quantities (voltage/current), and algebra – mathematical operations, such as addition/subtraction and multiplication/division of phasors or complex quantities, including transformation of phasor from rectangular to polar form, and vice versa, has been discussed here.The study of ac circuits, starting from series ones, will be described in the next few lessons. Version 2 EE IIT, Kharagpur Problems 13. 1 Use plasor technique to evaluate the expression and then find the numerical value at t = 10 ms. i ( t ) = 150 cos (100t – 450 ) + 500 sin (100t ) + d ? cos 100t – 30 0 ) ? ? dt ? ( 13. 2 Find the result in both rectangular and polar f orms, for the following, using complex quantities: 5 – j12 15 ? 53. 1 ° b) ( 5 – j12 ) +15 ? – 53. 1 ° a) 2 ? 30 ° – 4 ? 210 ° 5 ? 450 ° 1 ? ? d) ? 5 ? 0 ° + ? . 2 ? 210 ° 3 2 ? – 45 ° ? ? c)Version 2 EE IIT, Kharagpur List of Figures Fig. 13. 1 (a) Phasor representation of a sinusoidal voltage, and (b) Waveform Fig. 13. 2 (a) Phasor representation of voltage and current, and (b) Waveforms Fig. 13. 3 Representation of a phasor, both in rectangular and polar forms Fig. 13. 4 Addition and subtraction of two phasors, both represented in polar form Fig. 13. 5 Representation of phasor as an example, both in rectangular and polar forms Fig. 13. 6 Addition and subtraction of two phasors represented in polar form, as an example Version 2 EE IIT, Kharagpur

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Strategy, Business Information & Analysis - Essay Example Sri Lanka is one of the few countries in the world, providing free universal healthcare, including both education and healthcare services (Workinsrilanka.lk, n.d.). Development of the healthcare industry is one of the major government priorities and for achieving its goals; the Government has initiated the National Health Master Plan (2006-2016). Government support has contributed significantly to the rapid growth and development of both public and private sectors, improved quality of healthcare services and human capital base in the industry (Workinsrilanka.lk, n.d.). As of 2012, Sri Lanka had 593 government hospitals and 197 private hospitals. The number of qualified doctors in total exceeded 17, 129 (approximately 1,187 persons per doctor) and the number of qualified nurses was 29, 871 (approximately 683 persons per nurse) (Workinsrilanka.lk, n.d.). In 2012, the total expenditure on health care both private and public was approximately US $89 per head, or 3.2% of GDP (The Economis t Intelligence Unit, 2014). Even though the level of expenditure on health is low, Sri Lanka illustrates significant positive trends: increase of life expectancy to 75 years, and fall of mortality rate among children t 9.6 cases per 1,000 births (The Economist Intelligence Unit, 2014). The quality of healthcare services provided in Sri Lanka is known around the world, as this country has high quality clinicians, adopts the latest innovations in medicine, science, and technology (Medicare, 2015). In order to have better understanding of the healthcare industry dynamic in Sri Lanka there was utilised the five forces model. There is a limited number of suppliers of medical devices, consumables and pharmaceutical items in Sri Lanka. In addition to limited availability of suppliers, Sri Lankan’s healthcare industry faces with a problem of limited availability of medical devices, consumables and pharmaceutical items often causing stock out situations. Limited number of

Italy Country Profile Assignment Example | Topics and Well Written Essays - 1500 words

Italy Country Profile - Assignment Example . . Italy is a magic. Explore it† (â€Å"Beautiful Italy,† n.d.). With this notion, it can be perceived that Italy must be a paragon of a paradise in the contemporary perspective. The concept of this paper has been created as to depict the PEST-C aspects of the country, including the Hofstede's perspectives of analyzing the culture of Italy as compared to Canada, and depicting the feasible business venture in the country. Lastly, a conclusive remark will be inscribed. 2. PEST-C Aspects Political/Legal. When it comes to dealing with weak pecuniary locus of the country, Italy has announced to cut its budget amounting to â‚ ¬26bn from the period span 2012-14. In accordance with the Transparency International’s Corruption Perception Index 2011, the country is placed at 69th among 183 nations (â€Å"Italy Country Profile,† 2012, p. 4). In the context of European Union, Italy is deemed as having the highest aggregate tax rate. In accordance with Paying Taxes 2 012, the nation’s aggregate tax rate was 68.5%, which is notably above the average of EU of 43.4%. Such taxes may comprise of profit and labor impositions. Dismally, the nation’s aggregate piracy rate is 49% that has eventuated to procure detrimental losses of â‚ ¬1.87bn; such piracy issues are associated to business and entertainment softwares (â€Å"Italy Country Profile,† 2012, p. 5). ... Furthermore, non-performing loans, such as substandard, restructured, bad, and past-due loans. In accordance with the International Monetary Fund, these loans have incremented to 11% in 2011 from about 6% in 2008. The debt turmoil has become the triggering factor for organizations to be exposed to short-term debts, which are dependent to the lending institutions. Otherwise stated, organizations are doomed to fail because of the potential risks of high interest rates and be liquidated. The worst case is that forty percent of these organizations are exposed to interest rates that are payable within a period of less than twelve months (â€Å"Italy Country Profile,† 2012, pp. 4-5). Social/Cultural. It is significant to consider the demographic profile of a country when it comes to depicting the generality of its social aspects. Therein, cultural aspects will be delved as well in the light of fathoming the demographic facets. In accordance with the CIA World Factbook, the average l ife expectancy of Italy last 2012 was at 81.86 years--comprising of men ages 79.24 years and women 84.63 years (â€Å"Italy Country Profile, 2012, p. 5). That record is notably one of the highest in the world. In the light of macroeconomics, the nation’s aggregate workforce is mitigating (â€Å"Country Intelligence: Italy,† 2012, p. 16) and such a situation will deem as detrimental. In fact, Italy’s unemployment rate was about 8.40% in 2011, which was considerably higher than that of the developed countries. This implicates that Italy’s work environment may be the cause of weakening social aspects that will lead to impact the economy of the country. As a matter of fact, Italy’s employment rate of 56.9% was lower compared to that of the EU average of 64.2% (â€Å"Italy

DIscussion questions Assignment Example | Topics and Well Written Essays - 750 words

DIscussion questions - Assignment Example Getting paid more than your fellow employees gives you a psychological advantage and one is made to believe that is getting treated special. But keeping in mind the tasks I had to deliver and the number of hours I was forced to work in order to meet deadlines never gave me personal satisfaction. I had friends in others companies in the same industry and they were getting paid almost as much as me but there was one major difference. The difference was that they were only responsible for accounts related work. They had a separate tax department that handled tax related works and had a storage supervisor who was responsible for checking and maintaining the stock level. So that meant I was doing task of three people all alone. Although the level of pay made things look reasonable, the level of commitment, focus and hard work always made me feel that I was being over worked and the incentive giving me was comparatively less. This feeling and heavy schedule went on forcing me to resign fro m work and opting for a different place. Technology has really made it easier for us to gather information on compensation; explore the Glassdoor website at http://www.glassdoor.com Click on the Companies and Reviews, then Best Places to Work feature and check out some of the company reviews and salary information, remembering that this is unsubstantiated, anonymous information. What did you find on this site? How useful do you think it is? The website contains a vast number of things related both, to the companies and the employees. The overview of the company is given along with a list of salaries being taken by employees at different positions. The average salary and the range of salaries for each department/position are given. This gives a fair idea of what starting pay should one expect and as time goes on how much raise in pay scale should be expected while staying at the company. A percentage of number successful, unsuccessful and waiting list (neutral) candidates are also gi ven. A prospective employee may analyze his chances of getting through in the interviews. Reviews of employees is also an important aspect, as one may get to know how well a company is treating its employees and understand whether he/she can adjust to such an environment. The number of jobs and positions available along with the job description helps one to assess whether to apply for the job or not. The thing that I found most useful was the information and split in categories of how people manage to get an interview. Most prospective employees don’t know how to apply and what is the best mode of applying. Some may simply use the online portal while others may try getting a referral in a company before they even apply. They may be some individuals who go straight up to recruiting agencies and ask for their help and guidance. By analysing the information on people actually getting an interview, the possibility of managing to get an interview becomes much higher. Using Table 1 2.1, which two programs for recognizing employee contributions do you feel are most worthwhile from an employee motivation standpoint and why? Table 12.1 Employee Motivation Merit Pay Incentive Pay Profit Sharing Owner-Ship Gain Sharing Skill-Based Design features Payment method Changes base pay Bonus Bonus Equity Bonus Change in base pay when skill Frequency at payout Annually Weekly Semiannually or annually When stock sold Monthly or quarterly When skill or competency Performance measures Supervisor’