HR paper Essay Example | Topics and Well Written Essays - 500 words

HR paper - Essay Example As an HR, there is a great need to look into the above problem statement and redefine it to enable organization solve their current and future talent gaps as reviewed below. Most organizations fail to assess the gaps in terms of competencies and right skills required to meet future goals. Eventually, this leads to lack of required staff resources in the right location to meet the current and future workload. This lack of right individual with the right skills widens capability gap and finally pose a threat to organizational achievements. Additionally, most organizations fail to recognize employees as their greatest assets. They risks losing the few talented individuals to other competitors’ just because the organization fails to encourage, promote and invest in their staff resources. HR manager should lead the organization in rooting out this mentality and instead invest in continuous trainings that build capability workforce to address the organization’s future skill gaps. Due to scarcity in skills, most organizations find it very expensive to hire staff to address the skills gap. Most critical skills attract a market premium for those organizations that fail to develop and retain key skills. The cost of training and developing critical skills has remained high for most organizations hence making such necessary expertise not affordable. Rapid technological changes continue to remain a major challenge to most organization in addressing capability drive. This creates business environment with a more complex operations as skills evolve and become obsolete more rapidly. As an HR, there is a need to establish a proper knowledge and understanding of the global market and get the organization on toss with the changing market trends and technology so as to identify the relevant skills required in today’s world of production (Emmerichs & Marcum 2004). Based on the fact that most graduates are â€Å"half baked†, they get employed

Regulatory Responses to the Current Financial Crisis (US, UK, China, Research Paper

Regulatory Responses to the Current Financial Crisis (US, UK, China, Canada, India) - Research Paper Example The current global crisis began in 2007 and spread in 2008. It had varying impacts on the financial systems of various countries depending on the initial stability of the system and its exposure to the credit derivatives that accelerated the crisis. The effects were severe in the developed countries like US as compared to the developing nations like India. In this regard, different countries reacted to the crisis identifying the opportunities and the associated challenges. The countries in the OECD advocated for a joint effort to have international standardization of regulatory policies. The main concerns are stimulation of demand in a given economy, improving liquidity, preventing foreclosures of mortgages and improving access to financing by for the SMEs and giant investors. There is a focus in risk reduction through investment in insurance. Financial crisis refers to a wide category of situations in which the large financial institutions or assets lose large proportion of their va lue. The current global crisis began in 2007, in some countries, and deepened in 2008 (OECD, 2009). Some of the factors that may contribute to financial crisis include application of similar operational strategies by players in the market, changes in the banking business, excessive leverage, changes in regulations and corporate governance, and failure of government policies on the financial sector (Blundell-Wignall, Atkinson, and Lee, 2008). Government policies regulate the financial sector within in a country and the operations with a global business partner. The failures in some of these policies could have contributed greatly to the current situation. To fix the situation and mitigate for future crises, various governments have enacted some monetary and fiscal policies. The current global financial crisis had other related problems like food crisis especially to the developing countries as was, and continues to be, witnessed in the horn of Africa (Canuto, 2011). The financial ref orms to manage the crisis must then focus on the other financial instruments controlling the economy of the country. The problem that has been encountered in the management if the crisis is that economists and the policymakers do not have a proper understanding of the relationship of various components of economic policy and regulation (Tamirisa, 2011). It is important to understand the interaction between monetary and macro-prudential policies in enabling financial stability. Designing a successful macro-prudential policy requires the government to understand the risks of the new financial instruments it is putting in place (Tamirisa, 2011). Focusing on the monetary policy is insufficient in the management and mitigation of financial crises. This paper focuses on the regulatory responses that have been given by five different countries in relation to the current global