The Blue Hotel Essay -- essays research papers

Stephen Crane is a well-known author of variety of short stories. He was born in Newark, New Jersey, the son of a Methodist minister. After schooling at Lafayette College and Syracuse University, he worked in New York as a freelance journalist. His short stories and experimental poetry, also, anticipate the ironic realism of the decades ahead. In his brief and energetic life, he published fourteen books while acting out, in his personal adventures, the legend of the writer as soldier of fortune (741-743). Among one of his works include "The Blue Hotel." The novel the "Blue Hotel" is a novel themed with death. The moment that the Swede arrives at the "Blue Hotel" it is somehow, in The Swedes mind, transformed into a wild west hotel, by the many dime novels he has read, which made him even more uneasy about staying at the hotel. In one of the initial scenes this fear is evident "The Swede answered him swiftly and eagerly: ‘Th ese men are going to kill me.’†¦. ‘I know I won’t get out of here alive’"(771). The Swede’s fear of dying had made him want to leave the hotel, but Pat Scull, the owner of the Blue Hotel, attempted to get him to stay by showing around the hotel and showing him pictures of his family. Scully shows the Swede some pictures of his children "That’s the pitcher of my of my little girl that died. Her name was Carrie. She had the purtiest hair you ever saw! I was that fond of her, she-&qu...

The Subject of Affirmative Action

Considering the subject of affirmative action the following questions frequently are raised: Is there a clear understanding of affirmative action roles/goals? What are the pros/cons of these programs? What are the â€Å"loop holes† in the system? Does seniority play a role in affirmative action? Addressing these key questions may help us all in our daily routine, as administrators and/or potential administrator in the public/private sector. Affirmative action programs throughout the United States have long been a controversial issue particularly concerning employment practices (public/private) and university student and/or staff recruitment. Most public agencies have some type of instituted affirmative action program. According to Cheryl Perry-League, Director of Equal Opportunity of the Port of Oakland, every business operating on Port of Oakland owned land must have a standing affirmative action program on record and businesses bidding to do work for the Port of Oakl! and must have an acceptably diverse workforce. To understand the role and/or goals of affirmative actions programs we should define what the broad definition of what affirmative action is and what caused its development. The phase â€Å"affirmative action† was used in a racial discrimination context. Executive Order No. 10,925 issued by President John F. Kennedy in 1961. The order indicated that federal contractors should take affirmative action to ensure job applicants and employees are treated â€Å"without regard to their race, creed, or national origin. † A person could define this statement as an order to imply equal access and nothing else. Subsequently, Executive Order 11246 issued by President Johnson in September 1965, â€Å"mandated affirmative action goals for all federally funded programs and moved monitoring and enforcement of affirmative action programs out of the White House and into the Labor Department. Affirmative action â€Å"refers to various efforts to deliberately! take race, sex, and national origins into account to remedy past and current effects of discrimination. Its primary goal is to ensure that women and minorities are widely represented in all occupations and at all organizational levels† (Tompkins, 1995, p. 161). Another definition of affirmative action according to Barbara Bergmann is â€Å"planning and acting to end the absence of certain kinds of people-those who belong to groups that have been subordinated or left out-from certain jobs and schools† (1997 p. 7). Tracing the history of affirmative action, laws against racial discrimination have proved inadequate for workplace integration because they often provide remedies only after the fact. Affirmative action requires proactive steps to provide equal opportunities in employment as well as access to education. Many affirmative action programs were born from Title VII of the Civil Rights Act of 1964. Title VII references to affirmative action programs were brought about â€Å"because of! the history of discrimination in the United States, certain groups are viewed as disadvantage in the current marketplace. Thus affirmative action laws impose temporary requirements to correct underutilization of these groups (e. g. , goals and timetables for increasing the number of minorities and women in a facility)† (Gutman, 1993, p. 9). Prior to these laws and the Title VII law, the U. S workforce was primarily dominated by white males. Although, still somewhat white male dominated, quotas that were designed through affirmative action programs have helped achieve some representation of women and minorities in the current work force. Some remedies brought about through affirmative action programs include goal setting, quotas, and timetables. The term goal â€Å"refers to specific outcomes which, when achieved, will result in equal employment opportunity and equitable representation† (Hall & Albrecht, 1979, p. 47-78). Goals and hiring quotas vary somewhat in their fu! nction. Goals generally are long range plans that organizations use and there are no expected minimum or maximum limitations. Quotas by comparison, â€Å"establishes a definite number of people who must be hired. A Company cannot by law, use quotas unless it has been ordered to do so by a court to remedy a past action† (Hall & Albrecht, 1979, p. 47-78). Deficiency correction is the primary target of goal setting through affirmative action. For an organization to be effective with goals, they must be realistic, attainable, and monitored by the human resource department. Affirmative action programs generally achieve their set goals through several common practices called outreach programs. First, there are special recruiting programs where women and minorities will most likely be found. These special outreach programs often target black universities and female dominated educational facilities. A second outreach program involves special advertising. Generally, this is also implemented ! in areas that are heavily populated by women and minorities similar to that of recruiting programs. Through outreach programs like the ones mentioned above, goals can be attained to achieve equity and representation without forgoing higher educated and skilled applicants. These programs can be justified because discrimination is still apparent in the United States today. A 1990 study by the University of Chicago†s National Opinion Research Center found that the majority of white Americans still believe blacks to be inferior. For example, 53% of non-black respondents said they thought blacks were less intelligent than whites, 62% said they thought blacks were less patriotic, 62% said they thought blacks were lazier, and 78% said they thought blacks â€Å"preferred to live off welfare. † The National Assessment of Educational Progress, a series of national standardize tests, evaluates students on their proficiency in reading, writing and science. They divide and co! mpare these results to better understand the effectiveness of public schools. Their results suggest a large imbalance in the educational quality received by whites and other races. The most noticeable imbalance in the three fundamentals of learning was the most important, reading. When students cannot read well, they usually cannot succeed in other subject areas. With the background of affirmative action and its programs established we should evaluate some of the problems with affirmative action and if affirmative action programs work. Opponents against affirmative action programs often believe that the system currently in place is a misuse of the original intent of affirmative action. The programs as they apply now are detrimental to the operation of the job market, to white males, and to the groups it is supposed to benefit. They further contend affirmative action causes reverse discrimination. It is not good practice for Opponents â€Å"pro† affirmative action to use it as a way! to make up for past discrimination. Another problem caused by affirmative action is that it often places a stigma on any groups, which receive preferential treatment, especially on individuals who earn positions because of their ability. Opponents of affirmative action programs believe that these programs when handled properly through the human resources department within an organization can minimize the negative references received regarding hiring practices. Nye states â€Å"that positive information regarding an employee†s job qualifications should minimize assumptions of incompetence associated with affirmative action hiring programs. In other words, when co-workers have information that clearly describes an individual†s job qualifications, they should be less likely to assume that he or she was hired solely on race or gender†(1998). By making this information available within the organization, it would help remove the pressures from the employee and co-worker regarding the hi! ring practices. This could further help the organization in the area of productivity, public relations within the community, and morale. By increasing morale, you maybe able to retain more employees, recruitment made easier, and motivate employees into a very competitive workforce. Opponents of affirmative action also do not believe that women and minorities will be treated fairly without affirmative action programs. Opportunities in today†s workplace are extremely competitive. Glazer states that â€Å"the battle over affirmative action today is a contest between a clear principle on the one hand and a clear reality on the other. The principle is that ability, qualifications, and merit, independent of race, national origin, or sex should prevail when one applies for a job or promotion, or for selective institutions for higher education, or when one bids for contracts. The reality is that strict adherence to this principle would result in few African Americans getting jobs, admissio! s, and contracts† (1998). With that being said, women and minorities cannot possibly have a fair chance in today†s society without positive affirmative action programs. However, with affirmative action, it has been noted that their incentives to achieve success may be decreased because â€Å"preferential treatment can lead to the patronization of minorities and women workers and students. By â€Å"patronization† I mean the setting of a lower standard of expected accomplishment because of the belief that these people are not as capable of meeting a higher standard† (Loury, 1997). With a white male dominated workforce, negative public perceptions, and low self-esteem of applicants, affirmative action offers a solution for race and gender equity. Further stated, everyone in America should be afforded equal opportunity. If this cannot be achieved voluntarily, then we must continue to take action to remedy these situations. Opponents of affirmative action won a landmark victory, in 1998, wi! th the passage of California†s Proposition 209. This proposition abolished all public-sector affirmative action programs in the state in employment, education and contracting. Clause(C) of Prop. 09 permits gender discrimination that is â€Å"reasonably necessary† to the â€Å"normal operation† of public education, employment and contracting. In 1998, The ban on use of affirmative action in admissions at the University of California went into effect. UC Berkeley had a 61% drop in admissions, and UCLA had a 36% decline. This decline strengthens the position of the Pro side of affirmative action. However, a contingency plan has been established. According to a source (who asked to remain nameless), UC Berkeley has a program to actively recruit more minority students that falls out of the guidelines established by prop. 09. These types of â€Å"loop holes† can ultimately hurt the various studies on the effectiveness of anti-affirmative action laws. â€Å"Loop holes† are exceptions to the ! rules or standards. It†s a way around the system. Opponents for affirmative action might feel that the Washington State government utilized such a â€Å"loop hole† in 1997. Under an affirmative action program criticized as the ultimate example of preferential treatment by supporters against affirmative action, the Washington State government hired more white men than African Americans did or any other minority group. In fact, white men fell second to white women being hired (Brune). The program in question is Washington State†s â€Å"plus three† program, according to Tom Brune of the Seattle Times, â€Å"allows the state to hire people who qualify for affirmative action over finalists with higher job-test scores. White men qualify because the state†s affirmative action policy cover not only people of color and women, but also Vietnam-era veterans, disabled veterans and people with disabilities. Majority of the veterans are white men and nearly half of them are disabled in the State of Washin! gton†. Another example of how affirmative action works for the disadvantaged can be found in Hayward, California. Bonnie Kellogg was admitted into the government†s Small Business Administration program that gives her company competitive advantages in its quest for government and large corporate contracts. Prior to 1995, Kellogg†s chances of getting into this program, officially known as the 8(a) Business Development program, would have been slim to none. However, in 1995 court ruling stemming from a law suit by a white business owner alleging â€Å"reverse discrimination† relaxed government standards. This ruling as allow for whites, Egyptians and Iranians, who fall outside the SBA†s minority designation easier access to the program. This relaxation of the rules as helped non-minorities business owners greatly. Report K. Oanh Ha of the Knight Rider Tribune finds a, a big statistical change. From 1968 until mid-1998, only 40 businesses owned by whites and non-minorities out of 13,40! 0 firms nationally were admitted, were admitted into the 8(a) program. So far this year, 74 non-minority companies have been admitted. 1999) Seniority must be examined because in my opinion it is the most widely used preferential treatment policy in the American workplace? With affirmative action being view as preference by many Americans and seniority being an unchallenged â€Å"rule-of-thumb. † In an article by Paul Rockwell he explains, â€Å"The seniority system may be legitimate, but it is no less preferential in its execution than affirmative action. When layoffs take place by seniority, many highly skilled women, many well-qualified people of color, among others, are bumped out of their jobs by less qualified older white males. In a seniority system, the last hired is the first fired, whether the employee is more skilled and competent than an employee protected by seniority. (1999). † Richard Lester, author of Manpower Planning, believes that seniority places less qualifi! ed employees ahead of employees who are often better educated, more skilled in computers. Arthur Whitehill & Shin Ichi Takezawa in Work Ways, concluded the same thoughts â€Å"Younger worker in some cases are more competent than older workers because of [them being} better education, greater adaptability and physical fitness. The public sector and much of the private sector have recognized seniority for quite sometime. We can find this system practiced by older teachers at various universities who are often protected by tenure. Professor Daniel Barber has even stated in candid conversion that when he was the department chair for the Master of Public Administration he took care of the tenured faculty first. Knowing this, why do Opponents of affirmative action, have appeared to be, judgmental of about so-called â€Å"merit† and â€Å"preference†, why isn†t there the same concern about the biggest workplace exception to strict meritocracy – Seniority? Seniority is yet another way to protect th! e â€Å"good ‘o boys networks†. Found in many of the historically white male dominated professions, for example, Firefighters, police, school superintendents, and college professors. Coming from a public sector background (Disabled Army War Veteran, Bureau of Prisons office administrator, Department of Veterans Affairs administrator, and to many federal internships to count) I support the seniority system in those places where affirmative action is still in place. Workplace should reflect the diversity of the community it serves, seniority is a fair system of labor management relations. Seniority gives employees for the personnel problems and private preferences of an employer. However, seniority is a widely used exception to strict merit system only if the workplace is democratic and applied with affirmative action the workplace can become more inclusive. Where affirmative action is repealed, seniority loses some of its legitimacy. I argue that only loses some of its legitimacy be! cause I personally was retained as an employee in a seniority situation. I was the last hired but I was not fired. In short, the scope of seniority and affirmative action are similar. The goal of seniority is job security and affirmative action is integration; both goals are good for America. The American labor movement has a major stake in seniority. The movement should embrace affirmative action because in good conscience it should not take advantage of one and not honor the other. Basically, benefiting for seniority practices but opposing affirmative action for others. If affirmative action is repealed, seniority should go as well. Labor unions and movements should concentrate on saving affirmative action. At a time when all progressive social policies are under attack, unity between women, labor, and people of color is imperative. Seniority and affirmative action should stand or fall together. CONCLUSION Ultimately, the controversy surrounding affirmative action programs t! oday will continue into the future. Society as a whole does not appear to be ready to relinquish its negative perception of the hiring practices brought about by Title VII. However, the benefits brought about this act has greatly increased the opportunity for women and minorities in employment that may not have otherwise been available. These programs have offered hope to some if not all-socioeconomic groups that they will be afforded the opportunity of equal employment and/or representation in our society. Furthermore, human resource departments in the public sector will have to become more skilled in implementing positive affirmative action programs if we are to reap the full benefits from them. Finally, Affirmative action is not a cure-all. It will not eliminate racial discrimination, nor will it eliminate competition for scare resources. Affirmative action programs can only ensure that everyone has a fair chance at what is available. They cannot direct us to the social pol! icies necessary so people do not have to compete for scarce resources in the first place. The larger question to ask is why are there not enough decent paying, challenging and safe jobs for everyone? Why are there not enough seats in the universities for everyone who wants an education? Expanding opportunity for people of color means expanding not only their access to existing jobs & education, but also removing the obstacles that cause these resources to be limited.

General Banking Perspectives: Dhaka Bank Ltd

1. Introduction Commercial Bank implies that banks devote most of their resources to meeting the financial needs of business firms. This institution offers the public both deposit and credit services as well as a growing list of newer and more innovating services, such as investment advice, security underwriting, and financial planning. In recent years financial institutions have diversified themselves to satisfy consumers and units of government around the world.The result is the emergence of a financial institution that has been called a financial department store because it satisfies the broadest range of financial services needs in the global economy. The importance to commercial banks may be measured in a number of ways. Banks are still the principal means of making payments, through the checking accounts, credit cards, and electronic funds transfer services they offer. Banks are important because of their ability to create money from excess reserves made available from the publ ic's deposits.The banking system can take a given volume of excess cash reserves and, by making loans and investment, generate a multiple amount of credit. Bangladesh is developing country. After liberalization, we achieve a poor economic growth in last three decades. This is because of number of micro and macro factors as density of people. Bangladesh is a place where we see lack of proper education and poor political stability. Political instability is the major factor in Bangladesh that makes a vital hazard to achieve the economic growth.All of above, banking industry brings a little bit hope that can be a better flavor to accelerate the economic growth in our country. This is the only sector (especially private banking) that getting a continuous develops from last two decades. One of the aims of this study involves the focus on ‘The General Banking Practice of Dhaka Bank Ltd, Halishahar Branch’. Another aim of this paper is to point out how management of the bank ca n perform better and provide better service to the clients. 2. Methodology Different data and information are required to meet the goal of this report.Those data and information were collected from various sources, such as, primary and secondary which is showed below: Primary data were collected from: ? Face to face conversations with the employees at various fields. ? Personal interviewing and interacting customers. ? Observing various organizational procedures. ? Customer’s response from questions. Secondary data were collected from: ? Internet and Annual report of Dhaka Bank Limited. ? Progress report/ Statement affairs and Bank Rate sheet of the Bank. ? Several kinds of Academic test-book and training sheet. Different publications regarding banking functions and foreign-exchange operation. ? Prior research report on this Bank. 3. Scope The scope of the research covers the General Banking practices of Dhaka Bank Limited. The report focuses on the general banking practices in general, how it is implemented in Dhaka Bank Limited. 4. Limitation of the study The present study was not out of limitations. From the beginning to end, the study has been completed sincerely and carefully. But some problem arises from conducting the study.During the study it was not possible to visit the whole area covered by the banks although the financial statements and other information regarding the study have been covered. Some limitation are given stated below- 1. The main constraint of the study is insufficiency of information, which was required for the study. There are various information that the bank employee can't provide due to security and other corporate obligations. 2. Due to time limitations many of the aspects could not be discussed in the present report. 3.Every organization has their own secrecy that is not revealed to others. While collecting data through interviewing the employees, they did not disclose much information for the sake of the confidentiality of the organization. 5. Background of Dhaka Bank: Dhaka Bank Limited is one of the premier and top ranked private banks in Bangladesh. The bank was established in the year 1995 as some veteran and well established businessmen grouped together and worked sincerely to establish this bank. The bank was incorporated as a public limited company under the companies act 1994.The founder of the bank was Mr. Mirza Abbas Uddin Ahmed who was also the former advisor of the bank. The Head Office of the bank is located at Biman Bhaban 1st floor, 100 Motijheel C/A, Dhaka 1000, Bangladesh. The bank started its very first journey on July 5th 1995 with an authorized capital of Tk. 1000 million and a paid up capital of Tk. 100 million. Since the inception of the bank the bank made phenomenal growth in terms of operation, business and goodwill. As of March 31st 2010 the bank’s paid up capital stood at Tk. ,659,597,800 and the total equity (capital and reserves) stood up at Tk. 6,036,368,754. Th e bank currently has 62 fully operational branches all over the country, 3 SME Service Centers, 6 CMS Units, 2 Offshore Units, and one CPZ (central processing office) which is situated in BGMEA building Karwan Bazar , Dhaka Bangladesh As an integral part of their commitment to Excellence in Banking, Dhaka Bank now offers the full range of real-time online banking service through its all branches, ATMs and Internet Banking Channels.Dhaka Bank Ltd is the preferred choice in banking for friendly and personalized services, cutting edge technology, tailored solutions for business need, global reach in trade and commerce and high yield on investments. 5. 1. The Mission of Dhaka Bank Limited- To be the premier financial institution in the country providing high quality products and services backed by latest technology and a highly motivated team of personnel to deliver Excellence In Banking. 5. 2. The Vision of Dhaka Bank Limited- At Dhaka Bank, we draw our inspiration from the distant sta rs.Our team is committed to assure a standard that makes every banking transaction a pleasurable experience. Our endeavour is to offer you razor sharp sparkle through accuracy , reliability , timely delivery , cutting edge technology and tailored solution for business needs, global reach in trade and commerce and high yield on your investment . 5. 3 The Goal of Dhaka Bank Limited- Our people, products and processes are aligned to meet the demand of our discerning customers. Our goal is to achieve a distinction like the luminaries in the sky.Our Dhaka Objective is to deliver a quality that demonstrates a true reflection of our vision – Excellence in Banking. 6 General Banking General banking creates a vital link between customers and bank. It’s really a classic as crucial department for the bank. It is the introductory department of the bank to its customers. The Dhaka Bank Ltd, Halishahar branch has all the required sections of general banking. Every day it receives de posits from customers and meets their demands for cash by honoring instruments. General banking department is that department which is mostly exposed to the maximum number of bank customer. . 1 Different Departments of General Banking It has five major parts in the branch to perform. The sections are: i. Account opening section ii. Cheque clearing iii. Cash iv. Remittance v. Accounts section 6. 2 Different Types of Customers/ Account Holder: Any one can open an account in Dhaka Bank Ltd. if he is capable of entering a valid contract and a banker is satisfied his confide and willing to inter into the necessary business relation with him. So any one of the following types of customers can open account:- i. Individual ( personal ) ii. Joint iii. Proprietorship ( sole traders / registered or unregistered ) v. Joint stock companies ( private/ public ltd. companies) 6. 3 Account Opening and Dispatch Department: Account opening is the gateway to the bank. The relationship between a banker and its customer begins with the opening of an account by the customer. For this, account opening is considered the most important function of a commercial bank. All banks generally maintain a separate department to open accounts. The function of accounts opening department can be classified into the following three categories: 1. Supplying various accounts related information to the customers. 2. Opening of account and . Issuing cheque books and ATM Card. Supplying various accounts related information to the customers: When a customer comes to open an account with a bank, s/he needs to be informed about various information relating to account opening. Account opening department enthusiastically provides necessary information to the customer. Following information is supplied to the customer depending on their requirements: †¢ Type of accounts maintained by the bank †¢ Requirements/Necessary formalities for opening each type of accounts †¢ Eligibility to open an accou nt etc. Types of accounts maintained by DBLAccounts based on operations as under: †¢ Current Account (CD A/C) †¢ Short Term Deposit Account (STD A/C) †¢ Savings Bank Account (SB A/C) †¢ Fixed Deposit Receipt Account (FDR A/C) Accounts based on Nature of Customers as under: †¢ Single/Individual Account †¢ Joint individual Account †¢ Sole Trader/ Proprietorship Account †¢ Partnership Account †¢ Company Account etc. Savings accounts are opened for single/individual and joint individual customer. Business organizations/enterprises are not allowed to open savings account. 6. 4 Requirements/Necessary formalities for opening each type of accounts: ? Single/Individual Savings Bank Accounts: Introduction of customer (Must be either by an account holder (SB/CD A/C) or an employee of the bank. †¢ Photographs-Two copies (attested by the Introducer) †¢ Photocopy of valid passport/Citizenship Certificate from Chairman or Ward commissioner/Cer tificate from the employee of the bank. Add: †¢ Transaction Profile †¢ Signature on Money laundering Circular ? Joint Individual Account: No additional requirements/formalities other than the Single/Individual Savings Bank Accounts. ? Single Individual/Joint Individual CD A/C Requirements/Formalities as like as SB A/C, except here introducer must be a CD A/C holder of the bank. Proprietorship CD A/C †¢ Introduction of the customer (Must be by a CD A/C account holder or an employee of the bank. †¢ Photographs- (Two Copies) of the proprietor. †¢ Valid Trade License. †¢ Company Seal. †¢ Photocopy of valid passport of the proprietor/Citizenship/ Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. Add: †¢ Transaction Profile †¢ Signature on Money laundering Circular †¢ Signature on KYC form ? Partnership CD A/C †¢ Introduction of the partners (Must be by a CD A/C account holder or an employee of the bank. Photographs- (Two Copies) of every partner. †¢ Valid Trade License. †¢ Seal. †¢ Date of incorporation. †¢ Photocopy of valid passport of the proprietor/Citizenship Certificate or Identity Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. †¢ Partnership Letter. Add: †¢ Transaction Profile †¢ Each partner’s Signature on Money laundering Circular †¢ Each partner’s Signature on KYC form ? Limited Company A/C †¢ Introduction (Must be by a CD A/C account holder or an employee of the bank †¢ Photographs- (Two Copies) †¢ Valid Trade License Company Seal †¢ Resolution of the Company on company’s letterhead †¢ Certified and attested copy (attested by MD or Chairman) of Memorandum of Association and Articles of Association †¢ Certified and attested copy of Certificate of incorporation †¢ List of Directors †¢ Photocopy of valid passport/Citizensh ip Certificate or Identity Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. Add: †¢ Annexure E: Identification of Directors and Authorized Signatories †¢ Annexure D: Director’s Signature on KYC form †¢ Transaction Profile 6. Eligibility to open an account: Anyone capable of entering into a valid contract can open an account with the bank. A minor can also open an account under guardianship or alone if s/he is at least 12 years old. But a minor is not allowed to open a current account. Lunatic, Insolvent person/Drunker/Liquidator/Any other individual or organization by law cannot open an account with bank. 6. 6 Accounts Opening of Customers with the Bank Opening of an account involves certain formalities, which varies according to different types of accounts as well as various categories of customers.The bank supplies following printed forms during opening an account of a customer: o Account opening Form o Specimen Signat ure Card o Deposit Slip o Cheque Book Requisition Slip o KYC Profile Form o Transaction Profile Form Customers are requested to read all the instructions carefully and then fill up the forms properly. Account opening officer must have to check all the forms or documents i. e. whether the customer duly signs them where necessary as well as introducer must introduce the customer by putting signature in the space provided on the account opening form.After completion of all the formalities by the customer, Dhaka bank officials have to perform the following functions chronologically: |Scrutinizing account opening form and Specimen signature card | |Getting the approval of accounts by authorized officer | |Putting account number on the form | |Putting entry in the account opening register | |Posting all the account information in the computer | Issuing a cheque book | |Maintaining all relevant papers/documents in separate file in the name of the | |every account holder | |Sending the sp ecimen signature card to the cash department | |Sending a thanks giving letter to the New account opener’s address | |Maintaining all relevant papers/documents in separate file in the name of the every | |account holder | 6. 7 Issuing of a Cheque BookA cheque book is issued to the customer at the time of the account opening or may by issued after 2-3 days from account opening. And additional cheque book is issued at the request of the customer according to his/her necessity. Followings are the formalities during issuing a cheque book: Getting the cheque book requisition slip signed by the account holder By verifying the signature, issuing the cheque book Writing down the account number on each leaf of the cheque book Making entry to the cheque issue register Supplying the cheque book to the account holder after getting proper acknowledgement from the account holderInland Remittance Department Remittance Department: This department deals with transfer of money from one place to another place. Remittance can be classified as inland remittance and foreign remittance; however, remittance department mainly deals with inland remittance rather than foreign remittance. Instruments used for inland remittance as under: o Pay Order (P. O) o Demand Draft (DD) o Telegraphic Transfer (TT) Pay Order: A Pay Order is a written order on a specific instrument i. e. generally called â€Å"Block† issued by a bank to pay a certain sum of money to specific person, Organization or a bank.It is called banker’s cheque, as it is issued by a bank as well as drawn upon on a bank. Issuance of Pay Order: issuance of pay order involves following steps: ? Upon requests of customer, bank supplies prescribed application form ? Applicant has to provide detailed particulars of him/herself as well as beneficiary or receiver of the Pay Order ? Total amount of the P. O must be written both in words and in figures in the space provided ? Credit vouchers are prepared; one for com mission and another for VAT ? Now customer is requested to deposit the P.O amount along with VAT and Commission charges to the cash department ? Cash department releases the application form with authorized signature and cash received seal ? Now Pay Order is written on block which has three parts: First part is retained by the issuing bank, Second part is for customer and Third part is for the beneficiary of the Pay Order ? In this stage all the information is entered into the P. O register Payment or Encashment of Pay Order: Issuing bank makes payment of Pay Order upon presentation through clearing house. When the P.O does not consist of discrepancies, necessarily the proceeds of Pay Order is credited to the account of payee/beneficiary. However, before making payment of P. O, the signature of issuing officer is verified and date of payment is recorded in the Pay Order issue register. Demand Draft A Demand Draft, which is traditionally called DD. A DD is a written order on a specif ic instrument of one branch of a bank upon another branch of the same bank to pay a certain sum of money to or to the order of a specified person or of a specified organization. In practice DD is not issued between two branches within the same city.Issuance of Demand Draft: Issuance of DD involves following steps: ? Customer is asked to fill up a form in specific form provided by bank which is also treated as a voucher ? Commission and Charges are also mentioned in the form ? Two credit vouchers; one for commission and another for VAT is stapled with the form ? Customer pays cash in the cash department with relevant vouchers ? Cash dept. receives cash and delivers vouchers after completing necessary formalities ? Now DD is prepared in a block Branch-wise serial number is given on the draft ? The draft number is written on the voucher ? Draft block and voucher along with the register are sent to the officer in charge for checking and then sent to manager/Second in charge of the branc h for authorization ? The draft may be crossed if customer desires and finally delivered to him/her against initial or acknowledgement on the voucher Payment of Demand Draft: After receiving the DD, the drawer branch checks the date, amount both in words and figures and signature. In case of Test DD, Test number must be reconciled before payment.And then DD is cancelled and payment date is noted in the register. If the DD is crossed, the payment is made through clearing house. Telegraphic Transfer In case of Telegraphic Transfer, which in brief is called TT, an applicant has to fill up prescribed form supplied by bank to inform all the particulars about the sender as well as the receiver/beneficiary of the TT. Besides, following points should be checked in this regard: ? Full name of the beneficiary and his account number if the instruction here is â€Å"credit to beneficiary’s account†, or full address if instruction is there to advise & pay ?Commission and Telegram c harge are recovered from customer ? A cost memo has to prepare for customer in this regard; containing the amount of TT, commission and Telegram charges ? Customer has to deposit cash in the cash department along with voucher and application ? Remittance depart finally checks all the particulars viz. name of the beneficiary, account number of the beneficiary, name of the bank, name of the branch and mode of payment etc. ? Each and every TT must be Tested whatever the amount of TT ?Authorized officer then send the TT message through Telex/Telephone ? The issuing branch also sends a TT confirmation advice to the drawer branch and one copy is retained by the branch Payment of Telegraphic Transfer (TT): The payment of TT is paid only when TT test numbers reconcile. TT receiving branch maintains TT message receiving memo. On agreement of Test, the serial number of TT is entered in the TT payable register. The issuing branch informs if any number is mismatched or omitted. Two vouchers are prepared in this regard as under:DBL General A/C†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦****** Branch———-Dr. Bills Payable A/C†¦Ã¢â‚¬ ¦.. (TT payable)————-Cr. The TT amount is then credited to the beneficiary’s account if the beneficiary/receiver of the TT is an account holder of the branch; otherwise a Pay Order is issued if the beneficiary/receiver of TT is an account holder of another bank. 6. 8 Clearing Section: According to the Article 37(2) of Bangladesh Bank Order, 1972, the banks, which are the member of the clearinghouse, are called as Scheduled Banks. The scheduled banks clear the cheque drawn upon one another through the clearinghouse.This is an arrangement by the central bank where everyday the representative of the member banks gathers to clear the cheque. Banks for credit of the proceeds to the customers’ accounts accept Cheque and other similar instruments. The bank receives many such instruments during the day from ac count holders. Many of these instruments are drawn payable at other banks. If they were to be presented at the drawer banks to collect the proceeds, it would be necessary to employ many messengers for the purpose. Similarly, there would be many cheque drawn on this the messengers of other banks would present bank and them at the counter.The whole process of collection and payment would involve considerable labor, delay, risk and expenditure. All the labor, Risk, delay and expenditure are substantially reduced, by the representatives of all the banks meeting at a specified time, for exchanging the instruments and arriving at the net position regarding receipt or payment. The place where the banks meet and settle their dues is called the Clearinghouse. Activities of the Section: (a) Preparation of Clearing Outward and Inward Lodgment and record maintenance of the same. (b) Batch posting as and when required. On receipt of instruments, the same is endorsed here.Then clearing section wi ll sent IBDA to head Office for clearing purpose and on receipt of IBCA from Head Office amount is credited to customers account and vice versa. If the instrument is return then the same is given back to the customer. 6. 9 Collection Section: Checks, drafts etc. are drown on bank located outside clearing house are sent for collection. Motijheel Branch collects its client’s above-mentioned instruments from other branches of DBL and branches other than DBL. In case of out ward bills for collection customers account is credited after finishing the collection processor.And in case of in ward bills customers account is debited for this purpose. So it places dual role as follows: i) Collecting Banker ii) Paying Banker. Activities of the Section: Collection is done when (i) Paying Bank is located out side Dhaka City. (ii) Paying Bank is other branches of DBL situated inside Dhaka City. i) Paying Bank is outside Dhaka City: Collection department of Motijheel Branch (Principal Branch) , DBL sends outward bills for collection (OBC) to the concerned paying bank to get inter Bank Credit Advice (IBCA) from paying Bank.If the paying bank dishonors the instrument, the same is returned to principal Branch. ii) The Paying Bank of their own branches inside Dhaka City: Collection Department sends transfer delivery item to other branches of same bank situated inside Dhaka City. Upon receiving IBCA customer’s a/c is credited. Procedures for Outward Bills for Collection: 6. 10 Accounts Section: In banking business transactions are done every day and these transactions are to be recorded properly and systematically as the banks deal with the depositors’ money.Any deviation in proper recording may hamper public confidence and the bank has to suffer a lot. Improper recording of transactions will lead to the mismatch in the debit side and credit side. To avoid these mishaps, the bank provides a separate department whose function is to check the mistakes in passing v ouchers or wrong entries or fraud or forgery. This department is called Accounts Department. Besides these, the branch has to prepare some internal statements as well as some statutory statements, which are to be submitted to the Central Bank and the Head Office.This department prepares all these statements. Functions of Accounting Department: We can divide the functions of accounting department into two categories. One is day-to-day task and another is periodical task. a. Day to day functions: Here day-to-day function refers to the every day tasks. Accounting department of DBL performs the following day to day functions: b. Periodical functions: Periodical functions of accounts department include the preparation of different weekly, fortnightly, monthly, quarterly and annual statement.The accounts department prepares the following statements: etc. 6. 11 Cash Section: Cash section is a very sensitive organ of the branch and handle with extra care. Operation of this section begins at the start of the banking hour. Cash officer begins his/her transaction with taking money from the vault, known as the opening cash balance. Vault is kept in a much secured room. Keys to the room are kept under control of cash officer and branch in charge. The amount of opening cash balance is entered into a register.After whole days’ transaction, the surplus money remain in the cash counter is put back in the vault and known as the closing balance. Money is received and paid in this section. 6. 11. 1 Cash Receipt: 6. 11. 2. Cash Payment: 6. 12 Conclusion: Bank is the largest organization of mobilizing surplus domestic savings. Attractive Savings Schemes are offered by DBL such as Contributory Savings Scheme, Monthly Benefit Deposit Scheme, Special Deposit Scheme, Education Savings Scheme, Fixed Deposit Scheme, Dhaka Bank Money Scheme, Dhaka Bank Insured Fixed Deposit Scheme as well as different accounts to save money.Schemes are designed concentrating in different purposes t o help the fixed income group people to help in need. Bank-Officials are also whole-hearted and dedicated to serve their customer with utmost care. 7. Online Branch Banking The Bank has set up a Wide Area Network (WAN) across the country to provide online branch banking facility to its valued clients. Under the Scheme,  clients of any branch shall be able to do banking transaction at other branches of the bank. Under this system a client will to be able to o following type of transactions # Cash withdrawal from his/her account at  any  branch  of the Bank irrespective of location. # Cash deposit in his/her account at any branch of the Bank irrespective of location. # Cash deposit in other's account at any branch of the Bank irrespective of location. # Transfer of money from his/her account with any branch of the Bank. Any amount can be deposited or transferred under Dhaka Line.In the system, however, at present there is a limit for cash withdrawal through bearer or by accou nt holder himself. Terms & Conditions of Online Branch Banking Service ONLINE BRANCH BANKING SERVICE is designed to serve its valued clients. Under this system, you shall be able to do the following type of transactions:    †¢ Cash withdrawal from your account at any   branch of the Bank †¢ Deposit in your account at any Branch of the Bank. †¢ Transfer of money from your account to any other account with any Branch of the Bank Transaction Limit Maximum ceiling of cash withdrawal by self is Tk. 10,00,000/- (ten lac) only per transaction †¢ Maximum ceiling of cash withdrawal by third party (bearer) per transaction is below Tk†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Only (please mention the limit you wand to place). †¢ Cash deposit/transfer  by online transaction is unlimited Online Transaction Membership Fee Membership fee is  Tk. 50/- per month for the Online Branch Banking Service. Charges for Online Transaction †¢ There will be no charge for transac tion within the city where the account is domiciled †¢ Fee Tk. 7/- will be realized from the customer’s account for each remote transaction (inter-city)  for amount up to Tk. 1, 00,000 (one lac). †¢ Fee at the rate of   0. 075% will be realized from the customer’s account for each remote transaction of amount more than Tk. 1,00,000 (one lac). Who can get this service The Clients who has account in Dhaka bank or who will open account in Dhaka bank and would be interested to maintain substantial deposits in Savings, Current or STD accounts, will be eligible to get Dhaka Line Service.How one can get this service Intending and eligible clients have to apply in prescribed application form to their branch (where account is maintained) to get the online service from the bank. The client should submit two copies photographs and signature cards alongwith the application form. To avail the Dhaka Line service, no charge should be paid for online transaction within a locality where the account is domiciled. But charges should be paid by the customer for inter city online transaction When a account will be activated for onlineWithin 15 days from the date of submission application a account will be activated for online service Dhaka Bank Limited obtained Principal Membership of Master-Card International in the month of May 1999. Within a period of 6 months, the bank successfully launched Master Card-Credit Card which created a new dimension in its customer service and consumer financing. The Special feature of the Dhaka Bank Master Card is that its bears the card holder’s photo on the card, which is the first of its kind in Bangladesh and adds security against misuse.Dhaka Bank Limited issues 4 types of cards. These are Gold Local & International and Silver Local & International. Local cards can be used in Bangladesh only. 7. 1 Followings are the main feature of MasterCard Credit – †¢ Dhaka Bank Ensure High Level of Security  by inserting your Photograph on the Card. †¢ 20 to 50 days credit form the date of transaction. When you receive your monthly statement, you can either choose to pay in full or just minimum due amount shown on the statement. No interest is charged if you pay in full within payment due date. 24 hours a day, 365 days worldwide service. †¢ No joining/administrative fees. †¢ waiver of annual fees for International Card: If you accumulate 20,000 Dhaka Bank Bonus Point for your Gold Card or, 10,000 Bonus Point for your Silver Card in a year then you enjoy our Card without fees( $ 1 purchase: 1 Bonus). †¢ Waiver of annual fee for Local Card:   If you accumulate 10,000 Dhaka Bank Bonus Point for your Gold Card or 8,000 Bonus Point for your Silver Card in a year then you enjoy our Card without fees( Tk. 50/- purchase : 1 Bonus point). The Highest Dhaka Bank Bonus Point holder can enjoy free air ticket Dhaka-Bangkok-Dhaka. (Business Class). †¢ Cash advance faciliti es. †¢ 1,39,00,000 locations accept MasterCard worldwide Facilities Available with the Card : The Card can be used for: 01. Making payments to Merchants against purchase of all goods and services by the Cardholder form Marchant(s); and 02. Availing Cash Advances: ? 2. 1 From any of DBL Branches or any member of MasterCard of any Merchant authorized to make Cash Advances; as may be agreed upon by DBL or ?By the use of the Card on any ATM of DBL or of MasterCard. Subject to these terms and conditions and in compliance with such requirements, limitations and procedures as may be imposed by DBL, any Merchant or MasterCard from time to time. 7. 2 SWIFT Dhaka Bank Limited is one of the first few Bangladeshi Banks who have become member of SWIFT (Society for Worldwide Inter-bank Financial Telecommunication) in 1999. SWIFT is members owned co-operative, which provides a fast and accurate communication network for financial transactions such as Letters of Credit, Fund transfer etc.By be coming a member of SWIFT, the bank has opened up possibilities for uninterrupted connectivity with over 5,700 user institutions in 150 countries around the world. SWIFT No. : PRBLBDDH Deposit Schemes of Dhaka Bank Limited: Bank is the largest mobilizer of surplus domestic savings. For poverty alleviation, we need self employment, for self-employment we need investment and for investment we need savings. In the other words, savings help capital formations and the capital formations help investments in the country.The investment in its turn helps industrialization leading towards creation of wealth of the country. And the wealth finally takes the country on road to progress and prosperity. As such, savings is considered the very basis of prosperity of the country. The more the growth of savings, the more will be the prosperity of the nation. The  savings rate in Bangladesh is one of the lowest in the world. In order to improve the savings rate, Financial Institutions responsible for mobilization of savings should offer attractive Savings Schemes so that the marginal propensity to save increases.The savings do not, of course, depend only on the quantum of income but largely depend on the habit of savings of the people. Contributory Savings Scheme: This is a Savings Scheme in which a person gets the opportunity to build up savings by contributing monthly installments and receives an attractive fixed amount at the end of a specified term. The Scheme is designed to help the fixed income group to save money and build up a sizable funds with which they can go for some income generating venture to improve the quality of their life and/or meet any future financial obligationsThe salient features of the Scheme are given below: > Minimum size of monthly installment shall be Tk. 500/- and multiplies of Tk. 1000/-. Maximum installment size shall be Tk. 25,000/- > The Deposit shall be for a period of 5 years. Lump sum amount shall be paid after maturity or monthly Pension shall be paid for the next 5 years according to the size of deposit. A brief chart of lump sum amount and monthly pension installments payable are shown below: Size of monthly deposit (Taka) |Terminal value after 5 years (Taka) |Pension for next 5 years (Taka) | |500/- |40,000/- |870/- | |1,000/- |80,000/- |1,739/- | |2,000/- |1,60,000/- |3,478/- | |3,000/- |2,40,000/- |5,217/- | |4,000/- |3,20,000/- |6,956/- | |5,000/- |4,00,000/- |8,695/- | |6,000/- |4,80,000/- |10,434/- | |7,000/- |5,60,000/- |12,173/- | |8,000/- |6,40,000/- |13,912/- | |9,000/- |7,20,000/- |15,651/- | |10,000/- |8,00,000/- |17,390/- | |11,000/- |8,80,000/- |19,129/- | |12,000/- |9,60,000/- |20,868/- | |13,000/- |10,40,000/- |22,607/- | |14,000/- |11,20,000/- |24,346/- | |15,000/- |12,00,000/- |26,085/- | |16,000/- |12,80,000/- |27,824/- | |17,000/- 13,60,000/- |29,563/- | |18,000/- |14,40,000/- |31,302/- | |19,000/- |15,20,000/- |33,041/- | |20,000/- |16,00,000/- |34,780/- | |21,000/- |16,80,000/- |36,519/- | |2 2,000/- |17,60,000/- |38,258/- | |23,000/- |18,40,000/- |39,997/- | |24,000/- |19,20,000/- |41,736/- | |25,000/- |20,00,000/- |43,475/- |Short Term Deposit ? A short term deposit (STD) account is a running account with amounts being paid into and drawn out of the account continuously. ? These accounts are called Demand Deposits or Demand Liabilities since the banker is under obligation to pay the money in such deposits on demand. ? These accounts are generally opened by Business Organization, Public Institution, and Corporate Bodies. ? An STD account may be opened by an individual person. ? It is an interest bearing deposit. Interest is calculated on daily basis as per Banks Prescribed Rate and is credited to account on half yearly basis. Current interest rate on STD account  is 6 Percent.Education Savings Scheme The educational expenses particularly the expenses for higher education are sharply increasing day by day in our country. Sometimes, the children are deprived of getting the desired level of education because of the inability of the parents to meet their educational expenses. But the parents would not feel any difficulty to defray such expenses if a proper financial planning is made much ahead of time. Moreover, we are receiving demands from the Islamic minded people of our country for an attractive Savings Scheme on the basis of Islamic Sariah so as to encourage them to save in Islamic way for education of their children.With this end in view, Dhaka Bank Limited has introduced a Savings Scheme entitled â€Å"Education Savings Scheme† in accordance with the principles of Islamic Sariah i. e. , on the basis of profit and loss sharing. The scheme provides a unique opportunity to the parents to make a future provision for the educational expenses of their children when they enter into Schools, Colleges and Universities out of the benefit of a small amount of savings with the Bank at an opportune moment The salient features of the Scheme are give n below: ? The Scheme shall be implemented through all Dhaka branches, though it is specially designed for Islamic Banking branches. ? Deposit of Tk. 50,000/- and multiples thereof but maximum limit of Tk. , 00,000/- at a time will be acceptable under the Scheme. ? A specially designed Receipt shall be issued for the deposit under the Scheme in the same manner as issued in case of FDR. Branches shall use the ESS receipts that used for existing scheme. ? The instrument shall be issued for a period of 5 years term. ? On maturity a lump sum amount of Tk. 85,382/- shall be payable or education allowance @ Tk. 1,854/- per month per Tk. 50,000/- shall be payable on the basis of deposit amount for next 5 years starting from the completion of the term as per following table. Income Tax @10% on interest may be deducted at source at the time of payment of lump sum amount. Initial Deposit (Taka)    |Lump sum amount payable at maturity (Taka)    |Amount of Education allowance per month | | | |  (Taka) | |50,000/- |85,382/- |1,854/- | |1,00,000/- |1,70,763/- |3,705/- | |1,50,000/- |2,56,145/- |5,558/- | |2,00,000/- 3,41,526/- |7,410/- | |2,50,000/- |4,26,908/- |9,263/- | |3,00,000/- |4,69,704/- |11,115/- | |3,50,000/- |5,47,988/- |12,968/- | |4,00,000/- |6,26,272/- |14,820/- | |4,50,000/- |7,04,556/- |16,673/- | |5,00,000/- |7,82,840/- |18,525/- | Double Benefit Deposit Scheme ? The Scheme shall be implemented through all the branches of Dhaka Bank Limited. ? Deposit of Tk. 25,000/- (Taka twenty five thousand) and multiplies thereof but maximum limit of Tk. 25, 00,000/- (Taka twenty five lac) at a time will be acceptable under the scheme. ? The instrument shall be issued for 5 years 4 months term. ? At maturity after 5 years 4 months double the amount of deposit will be paid to the depositor. Photograph of Nominee, duly attested by the depositor, shall be obtained at the time of opening the account. ? Normally no withdrawal will be allowed before maturity. But if any depositor intends to withdraw his deposit before maturity, the following rules will apply: ? (a) No benefit including interest/profit shall be allowed for pre-mature encashment within one year. (b) If the accounts / deposits are closed / encashed after one year of its opening, benefit shall be allowed on the deposit at normal Savings Deposit rate ? The instrument will be acceptable as collateral security against any investment subject to registering lien with the issuing branch. In case of death of a depositor, the amount of instrument will be paid to the nominee, to the legal heirs of the depositor on production of succession certificate. ? In case of instrument is lost the procedure for the issuance of a duplicate receipt will be the same as applicable in case of loss of FDR. ? Under the scheme depositor can get free insurance facility. ? Insurance coverage is only applicable to personal accident and serious illness related insurance policy. ? Depositor can take loan against his/ her deposit under this scheme ? At present no income tax will be deducted from the interest earned. But in future for any change in the government policy Bank reserves the right to deduct income tax.Fixed Deposit Scheme This type of deposit should be kept for a fixed term or period. Dhaka Bank Limited deals with the following terms deposit. Particulars Interest Rate 1(One) month 9. 00% 3(Three) month 12. 00% 6(Six) month 11. 50% 1(One) year 11. 00% Lakhopati Deposit Scheme (a)Monthly Installment size, tenure and terminal value of the scheme will be as follows: Monthly Installment Size (Taka) |Tenure |Amount to be paid after maturity (Taka) | |250/- |15 years |1,00,000/- | |500/- |10 years |1,00,000/- | |1,285/- |5 years |1,00,000/- | |2,400/- |3 years |1,00,000/- | Dhaka Millionaire   Scheme Monthly installment shall be Tk. 12,465. 00 /Tk. 7,890. 00 /Tk. 4,570. 0 for the tenor of 5/7/10 years respectively |Size of monthly deposit   (in |Investment Tenor (in |After the investm ent Tenor the terminal |Pension size of installment | |Taka)   |Year) |value of the Scheme (in Taka) |according to the years Invested | | | | |(in Taka ) | |12,465/- |5 |1,000,000/- |21,748/- | |7,890/- |7 |1,000,000/- |17,137/- | |4,570/- |10 |1,000,000/- |13,786/- | House Building Deposit   Scheme # The tenor of the House Building Deposit Scheme will be 5/7/10 years. # Minimum Equity building amount shall be Tk. 10. 00 lac. |Size of monthly |Size of monthly deposit in|Investment Tenor (in|Age Limit |After the   investment Tenor | |deposit in Tk. |Tk. Year) |(in Year)* |the terminal value of the | |(without |(with Insurance) | | |Scheme | |Insurance) | | | |(in Taka)** | |7,890/- |8,045/- |7 |18 to 38 |1,000,000/- | |12,465/- |12,640/- |5 |18 to 40 |1,000,000/- | |9,135/- |N/A |10 |18 to 35 |2,000,000/- | |15,770/- |N/A |7 |18 to 38 |2,000,000/- | |24,925/- |N/A |5 |18 to 40 |2,000,000/- | * Age upper limit will be applicable for HBL facilities only # Insurance Coverage will be restricted to terminal amount of Tk. ,000,000/-(Taka Ten Lac) only, here the age limit will be from 18 years to 60 years # A person can open more than one account but House Building Loan facility shall be on one account only. # Account in the name of minors can be opened too under the Scheme but without insurance coverage. # The installment shall be payable by the 8th day (in case of holiday the next working day) of every month. Advance payment of any number of installments  is acceptable. 8. CAMEL Rating of 48 Banks: The capital adequacy, Asset quality, Management standard, Earning and Liquidity rating (CAMEL) of all commercial banks on the basis of credit management performance till December 2007 have been rated by Bangladesh Bank (BB). It is mentionable that Dhaka Bank Ltd. got the top position in â€Å"A† class banks. CAMEL Rating:Analyzing the overall operational activities of all commercial and specialized banks; central bank, the regulatory authority of countryâ €™s banking sector has ranked 6 ‘A-class’, 27 ‘B-class’, 8 ‘C-class’,5 ‘D-class’ and 2 ‘E-class’ banks by the end of 2007, which was completed recently. A- Class Banks: 1. Dhaka Bank Ltd. 2. Shahjalal Islami Bank Ltd. 3. Commercial Bank of Ceylon. 4. Citibank N. A. 5. State Bank of India 6. Standard chartered Bank B – Class Banks: 1. Eastern Bank Ltd. 2. Premier Bank Ltd. 3. The Trust Bank Ltd. 4. BRAC Bank Ltd. 5. Southeast Bank Ltd. 6. NCC Bank Ltd. 7. One Bank Ltd. 8. Standard Bank Ltd. 9. Woori Bank 10. Bank Alfalah Ltd. 11. National Bank of Pakistan. 12. Dutch Bangla Bank Ltd. 13. Exim Bank Ltd. 14. Mutual Trust Bank Ltd. 15. Jamuna Bank Ltd. 16. Bank Asia 17. Islami Bank Bangladesh Ltd. 18. Uttara Bank Ltd. 19.National Bank Ltd 20. The City Bank Ltd 21. Basic Bank Ltd. 22. Habib Bank Ltd. 23. HSBC 24. Pubali Bank Ltd. 25. Mercantile Bank Ltd. 26. Social Investment Bank Ltd. 27. Dhaka Bank. C- Class Ban ks: 1. First Security Bank Ltd. 2. UCBL 3. Al-Arafa Islami Bank 4. Bangladesh Shilpa Rin Sangstha 5. IFIC Bank Ltd. 6. AB Bank Ltd. 7. Agrani Bank Ltd. 8. Rupali Bank Ltd. D- Class Banks: 1. Sonali Bank Ltd. 2. Bangladesh Krishi Bank 3. Bangladesh Shilpa Bank 4. Janata Bank Ltd. 5. RAKUB E-Class Bank: 1. Bangladesh Commerce Bank Ltd. 2. Oriental Bank Ltd. 9. Recommendation After observing the operation procedure of DBL, I recommended the following: ATM:Dhaka Bank has few ATM booths in the Dhaka city, but these are not sufficient to give service to the customer’s . So Dhaka Bank has arranged an agreement with Dutch Bangla Bank limited so that the customers of the Dhaka Bank can use its booth. To give smooth service to the customers Dhaka Bank should increase its own ATM Booth. Branch: Dhaka Bank should open branches in the all district towns besides Dhaka & Chittagong city for expansion its business area. Interest Rate: Dhaka Bank should Increase interest rate on FDR and other deposit scheme. Islamic Banking Branch: Bangladesh is a Muslim majority country, so Dhaka Bank should increase their Islamic Banking Branch in Bangladesh. 10. ConclusionIn Halishahar branch I have been working for 3 months, by this time I have found some good strengths and opportunities, Dhaka Bank Halishahar Branch has a strong opportunity to achieve strong market in Halishahar area because it is situated in a appropriate and attractive place. In short time Halishahar Branch gathered 30 core deposits; this is a great achievement for Halishahar branch and also achieving healthy profit as a new branch. From my view, this branch has some Strength these are: ? Dhaka Bank has well reputation in the market. It is number one Private commercial Bank in Bangladesh. ? In Halishahar branch efficient management practice. ? Halishahar branch is Well-furnished and Air-conditioned Bank. Dhaka Bank’s Officers are highly educated. ? Dhaka Bank’s Executives are highly qualified and ex perienced. ? Credit Department of Halishahar branch is strong prospective department. ? Dhaka Bank gathered maximum market share in banking business. ? Dhaka Bank not engaged in unfair business practice. ? Dhaka Bank has many attractive deposit schemes. ? Dhaka Bank becomes more reliable to the all kind of people. References 1. Kenova, V. & Jonasson P. 2006. Quality Online Banking Service. Jonkoping university. 2. Pallent, Julie. 2007. SPSS Survival Manual: A Step by Step Guide to Data Analysis usingSPSS for Windows. England: McGraw. 3. Cooper, D. R. , & Schindler, P. S. (2003).Business research methods (9th Ed. ). Mc GrawHill. 4. Cooper and Schindler (2006) 5. Malhotra 2003 6. http://www. htm. uoguelph. ca, 7. â€Å"Marketing Professional Services† By Philip Kotler, Thomas Hayes, Paul Bloom. 8. Mr. Alan Lau, Head of Consumer Banking, Maybank Singapore 9. October 20011 Mr. Laksham Silva, CEO, DFCC Vardhana Bank (07/03/2012 ADRIANA REYNERI), (Tanbir Ahmed Chowdhury-2009). â₠¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€œ Deposit-slip depositing the cheque along with Crossing of the cheque are done indicating the Branch as collecting bank Entries are given in the Outward Clearing Register Endorsement â€Å"Payee’s A/C will be credited on realization† is given

Thomas Jefferson Biography

Biography of Thomas Jefferson Thomas Jefferson, the third president of the United States, is recognized for his many accomplishments during the 18th century. Not only was he a president, but Jefferson was the author of The Declaration of Independence, a founding father of the United States, and the founder of the University of Virginia. Jefferson was a brilliant political writer who used his writing skills to separate the United States of America from Great Britain and to protect the rights of man.Jefferson addresses these rights in the declaration when he says, â€Å"All men are created equal and there are certain unalienable rights that governments should never violate. These rights include the right to life, liberty, and the pursuit of happiness,† (Jefferson, 1. ) These words are popular and have historical meaning. On April 13th, 1734 in Shadwell, Virginia, Thomas Jefferson was born to the parents Jane and Peter Jefferson. Shadwell is a town just outside of Charlottesville . His mother, Jane Randolph Jefferson, was from a family that claimed to be descended from English and Scottish royalty (â€Å"Thomas Jefferson†).His father, Peter Jefferson, was a skilled surveyor and cartographer, which meant that he studied and practiced making maps as well as accurately determined the three-dimensional position of points. Peter produced the first accurate map of the province of Virginia. Perhaps young Jefferson got inspiration from his father. Jefferson had five siblings. He had two older sisters, two younger sisters, and one younger brother. He lived in a very busy household. As a child, Jefferson spent his free time practicing the violin and reading books. At the age of twenty four, Jefferson married Martha Jefferson.They were both from plantation families and it is believed that they were introduced to each other by mutual friends. Thomas fell for the young American girl’s education and interest in music (â€Å"Thomas Jefferson†). Togethe r they had six children, but only two lived to be adults. After many wonderful years married, illness fell upon Martha and she passed away on September 6th, 1782. Jefferson made a promise to her that he would never remarry. After her death, he spent three weeks mourning in his library. In a period of seclusion, Jefferson explained in his autobiography that he felt like a part of him had died after she passed (Jefferson, 42).Later on in life, Jefferson had an affair with slave-girl Sally Hemings. There isn’t much information on this story, but there was DNA proof that he fathered her child. (â€Å"Jefferson – Hemings†). Thomas Jefferson began his education at a very young age. At the age of five, his father placed him in an English school and he was attending Latin school by age nine. The Latin school was conducted by Reverend William Douglas (Beran, 78). In 1758, Jefferson attended the school of Reverend James Maury. He described Reverend Maury as â€Å"a corre ct, classical scholar† (Jefferson, 29. He later attended the College of William and Mary at the age of seventeen in Williamsburg. It was there that Jefferson began his law studies with George Wythe. Jefferson received and unofficial political and cultural education from him. For two years, Jefferson studied primarily with George Wythe and Dr. William Small. He said that Dr. Small taught him a vast majority what he knew about politics. Over the seven years of study spent at Williamsburg, Jefferson culminated in the practice of law, but without any degree. Thomas Jefferson was also strongly influenced by the political philosophy of the Enlightenment and also from John Locke.Thomas Jefferson was not a good public speaker, but that didn’t stop him from expressing his opinions of politics. In his early writing years, Jefferson mostly wrote political letters (Skarmeas, 66). His earliest published work is The Declaration of Independence. He began drafting The Declaration of In dependence after British troops had attempted to confiscate American ammunition stores and capture patriot leaders in these towns (â€Å"Reasons for the Declaration†). The continental congress met in September of 1774 to pick a committee responsible for drafting it. Jefferson was the delegate chosen to write the important document.The Declaration of Independence was written as a letter to King George III hoping for reconciliation. The committee met several time to discuss ideas and think of what they wanted to be addressed in the document. Like most people who write something, he had to first make a rough draft (â€Å"The Declaration of Independence†). Jefferson, by himself, drafted a rough copy of the declaration. He worked on it for two and a half weeks. Only minor changes were made to his draft before it was finalized. The Declaration of Independence became Jefferson’s most popular work.This was such an important document because it formally declared that the thirteen colonies of North America were free and independent from British control (â€Å"Reasons for the Declaration†). It served as the basis for the American Revolution. It began the formation of the federal government and a new United States of America. The Declaration of Independence was released to the public on July 4th, 1776. As time went by, the ideas of Jefferson’s words â€Å"all men are created equal† grew in importance. Northern states used them to free slaves in their states. Abraham Lincoln used equal rights to justify the Civil War (Bernstein, 156).He soon became the governor of Virginia. Jefferson also because the vice President of the United States. To occupy his times during his four years as vice president, Jefferson authored A Manual of Parliamentary. This was one of the most useful guides to legislative proceedings ever written, and served as the president of the American Philosophical Society. After Jefferson’s time as vice presiden t, he became the third President of the United States. As president, Jefferson accomplished many things, including the Louisianna Purchase (Beran, 73). This greatly expanded the size of the country.After his presidency, Jefferson settled down. His tone of writing remained the same as before though. He was still straight forward political writer who expressed his opinions through letters and documents. Jefferson did, however, write an autobiography describing his accomplishments and life journeys. He began writing this is 1821. The last thing that was written by Thomas Jefferson was a letter addressed to Roger C (â€Å"Thomas Jefferson†). In this letter, Jefferson thanks him for inviting him to the celebration of the fiftieth anniversary of The Declaration of Independence.He said that he was happy and hopes that the celebration serves as a reminder of the rights he had originally written about. At the end of the letter, Jefferson apologized for having to reject his invitation because of his health conditions. Thomas Jefferson lived a very eventful and successful life. In 1818, his health began rapidly declining. He was diagnosed with kidney failure and many other age related diseases (â€Å"Thomas Jefferson, a Brief Biography†). His death was mainly caused by a combination of a few things. One thing that contributed to his death was exhaustion from diarrhea. Another contributor was toxemia from a kidney infection.Uremia from kidney damage and orthostatic old-age pneumonia also added to Jefferson’s declining health. He was bed-ridden and eventually died on July 4th, 1826 in Charlottesville, Virginia. The date of his death is ironic because it was the same day as the anniversary of The Declaration of Independence. Jefferson might have lived longer under modern medical care (Bernstein, 187). Jefferson leaves behind a legacy that will always be talked about. He will forever be revered as one of the great American Founding Fathers. He was a spok esman of liberty, but had also been viewed as a racist slave owner.He was a president who expanded government authority beyond the wildest visions of his predecessors. Jefferson is a symbol for the nation he helped create. After he died, he was buried in the family cemetery at Monticello. The cemetery is located in Virginia and Jefferson’s grave is surrounded by metal fences. Beran, Michael Knox. Jefferson’s Semons: Portrait of a Restless Mind. New York City: Free Press, 2003. Print. Bernstein, R. B. Thomas Jefferson. Oxford: University Press, 2003. Print. Skarmeas, Nancy. Thomas Jefferson. Nashville: Ideals Publications Incorporated, 1998. Print. Jefferson, Thomas.Autobiography of Thomas Jefferson. New York City: Dover Publications, 2007. Print. â€Å"Thomas Jefferson. † International Encyclopedia of the Social Sciences. New York City: Macmillan Library Reference, 2008. Print. â€Å"Thomas Jefferson. † The Biography Channel Online. n. p. n. d. Web. 17 Ma y. 2009. â€Å"Thomas Jefferson, a Brief Biography. † Monticello Online. n. p. n. d. Web. 7 September. 1993. â€Å"Reasons for the Declaration. † History King. n. p. n. d. Web. 14 March. 1999. â€Å"The Declaration of Independence. † America’s Library. n. p. n. d. Web. 24 April. 2000. â€Å"Jefferson – Hemings. † Monticello Online. n. p. n. d. Web. 4 August. 1993.Related Photo This is a picture of the sign at the Monticello Graveyard located in Virginia. The photo relates to Thomas Jefferson because the Monticello Graveyard is also known as the Jefferson Cemetery. The cemetery sits behind and slightly down the mountain, hidden from the plantation's daily life. Something of a disappointment was the fact that the locked wrought iron fence prohibited visitors from paying homage to the great man and his family. Somehow it felt as if we were being banned from his world. Thomas Jefferson was buried in this cemetery along with many other members of the Jefferson family. Literary InterpretationOne of the most recognized and most popular documents in American history is The Declaration of Independence. The Declaration of Independence, written by Thomas Jefferson and adopted by the Second Continental Congress, was the start of a new beginning for the United States of America. The declaration is a letter to the King of Great Britain, George III. The declaration states the reasons for the British colonies wanting independence. It explains why the colonies have overthrown their ruler. Thomas Jefferson addresses specific details for their reasoning as well as expressing his opinions of the governmental structure.Jefferson uses his strong political writing skills and his knowledge on politics to the colonies’ problems with other nations of the world. Thomas Jefferson’s purpose for writing The Declaration of Independence was to express his ideas for a better society and to help the colonies become free at the same time. â€Å"But  when a  long train  of  abuses  and  usurpations,  pursuing invariably  the  same Object evinces  a  design  to  reduce them under absolute Despotism, it is  their right, it is  their duty, to  throw off such Government, and to  provide new Guards  for their future security,† (Jefferson 1).This sentence of The Declaration of Independence shows Jefferson expressing how he feels about being treated wrong. Thomas Jefferson and other members of the Second Continental Congress wanted to use the declaration to expose the abuses to the other nations of the world. They wanted to justify the action of congress by blaming the rapture on King George III. The abuses that Jefferson is discussing are the abuses that King George III has applied to the colonies of Northern America. The abuses were a result of the king’s desire of creating a tyrannical government in America.The foundation of representative government is the power of the pe ople to make laws for the public good (â€Å"Reasons for the Declaration†). King George III interfered with that process by rejecting legislation proposed by the colonies, dissolving colonial bodies or representation, replacing colonial governments with his appointed ministers, and interfering with the naturalization of citizens in new regions. King George III extended his tyrannical control by interfering with the objective judicial processes and the civil rights of the colonies (â€Å"The Declaration of Independence†).Jefferson then uses this to create a list of unalienable rights that should be applied to everyone. â€Å"We hold these truths to be self-evident,  that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness,† (Jefferson 1). Jefferson addresses that if any form of government becomes destructive of the ends, it is the right of the people t o alter or to abolish it, laying its foundation in the belief of these rights.Jefferson uses these to lay down a basic structure of the government he want and how the people of this society should be treated. Of the abuses that were mentioned, Jefferson devoted approximately one-fourth of the abuses in his original draft of the  Declaration of Independence  to the topic of slavery. Jefferson held the King accountable for maintaining and protecting slavery as an institution in the colonies. Not surprisingly, the moderate congress, already fearful of being too radical, removed all references to slavery from the document.It remains a source of historical debate why a slave-owning man like Jefferson would have devoted so much intellectual energy to criticizing slavery and to attempting to remove it from the colonies. Jefferson thought that slavery was contrary to the laws of nature, which decreed that everyone had a right to personal liberty. These views were radical in a world wher e unfree labor was the norm. Jefferson spends so much time writing about slavery because he does not approve of it and he does not want to incorporate it in the society and government that he is aiming towards.It is clear that Thomas Jefferson wrote The Declaration of Independence to help the thirteen original colonies to become free from British control. The Declaration of Independence has much deeper meaning than just that, though. Jefferson uses the document to express exactly how he feels about the political structure of a country. From this point on, people should look at The Declaration of Independence as the guidelines and rules to how a country should be run and how the citizens of that country should be treated. Jefferson, Thomas. â€Å"Declaration of Independence,† The American Experience.New York City: Prentice Hall, 2002. Print. â€Å"Reasons for the Declaration. † History King. n. p. n. d. Web. 14 March. 1999. â€Å"The Declaration of Independence. † America’s Library. n. p. n. d. Web. 24 April. 2000. List of Authors Works 1. A Summary View of the Rights of British America 2. Draft of Constitution for Virginia 3. Original Rough Draft of the Declaration of Independence 4. Draft of Kentucky Resolutions of 1798 5. Wall of Separation Letter 6. Manual of Parliamentary Practice 7. Autobiography of Thomas Jefferson Persuasive Essay Thomas Jefferson is an important figure in American history.He was one of the American Founding Fathers, the third president of the United States, and an original American politician. Thomas Jefferson is an important American author and should be taught in an English curriculum. Learning about Thomas Jefferson in an English class can teach students about his influence on early American government structures as well as the history of the thirteen original British colonies. It can also teach students about his progress and developments as an American Founding Father. Thomas Jefferson matters in Americ an literature because he is one of America’s original politicians.Thomas Jefferson is an American forefather. Not only did he write the Declaration of Independence, he was Virginia’s representative to the first Continental Congress, the governor of Virginia and the third president of the United States. As a president, Jefferson accomplished many things. He allowed the Alien and Sedition acts to end without renewal and also had the tax on liquor repealed (â€Å"Thomas Jefferson†). In 1803, Jefferson purchased the Louisiana territory from France for $15 million. This is considered the most important act of his administration.All of these things are important because it teaches the history of our country and Thomas Jefferson contributed to the history. Thomas Jefferson’s Declaration of Independence can teach students about how America’s thirteen original British colonies became independent from King George III. If the Declaration of Independence was a ssigned to students, it would teach them the reasons for America wanting to become free from British rule. They would learn how King George III treated the thirteen colonies and what they wanted for their governmental structure.It also teaches the unalienable rights the Jefferson included in the declaration (â€Å"Reasons for the Declaration†). As a champion of civil liberties, Jefferson valued reason above faith. This is much different from other philosophers during his time because they were the complete opposite. Learning about Jefferson’s political beliefs teaches students how he used politics to make his decisions. He was a strong supporter of the ideals of the Enlightenment. Those ideals are reason, liberty and equality (Bernstein, 98). He believed that these ideals should be used to govern nations.He put his beliefs into his writings and into the Declaration of Independence. Many people think that Jefferson should not be taught in an English curriculum because h e favored slavery and was a slave owner himself. But while Jefferson was vocally opposed to slavery, and even passed the Act to Prohibit the Importation of Slaves during his second term as president,  he was a slave owner and believed that black people were inferior to white people. For some, this is cause enough to dismiss Jefferson as someone for whom history has inflated their reputation, but he was a man of his time and was subject to the cultural beliefs of that time.In truth, Jefferson was instrumental in the America of today, the America that values equality and liberty and freedom. Jefferson’s actions and philosophy shaped the  ideals  of America. In fact, for America to revisit the teachings of Jefferson might be wise. In conclusion, Thomas Jefferson should be taught in English classes. Jefferson is important to American history and shaped our country. â€Å"Thomas Jefferson. † International Encyclopedia of the Social Sciences. New York City: Macmillan L ibrary Reference, 2008. Print. Bernstein, R. B. Thomas Jefferson. Oxford: University Press, 2003. Print. â€Å"Reasons for the Declaration. History King. n. p. n. d. Web. 14 March. 1999. Annotated Bibliography Beran, Michael Knox. Jefferson’s Semons: Portrait of a Restless Mind. New York City: Free Press, 2003. Print. From this source, I got information about Thomas Jefferson’s education and about his life after becoming a president. I used this information in my biography essay and cited in twice. I found this book to be very helpful and it provided a vast amount of information. Bernstein, R. B. Thomas Jefferson. Oxford: University Press, 2003. Print. From this book, I got information about Thomas Jefferson’s work on The Declaration of Independence and on his death.I used this information in both my biography essay and in my persuasive essay. It provided a lot of information that I was able to use and I feel like it was a very reliable source. Skarmeas, Nancy. Thomas Jefferson. Nashville: Ideals Publications Incorporated, 1998. Print. From this book, I got information on Jefferson’s early political letters and writing. This book provided examples of his political letters and details explaining them. I used this information on the Early Writing Career portion of the biography essay. This source was very helpful. Jefferson, Thomas.Autobiography of Thomas Jefferson. New York City: Dover Publications, 2007. Print. From this autobiography, I got information on every aspect of Jefferson’s life. I used this information in all three essays. This source provided the most accurate and reliable information since it was written by Thomas Jefferson himself. â€Å"Thomas Jefferson. † International Encyclopedia of the Social Sciences. New York City: Macmillan Library Reference, 2008. Print. From this online encyclopedia, I obtained information on Jefferson’s early life. I used this information in my biography essay.There was n’t that much information from this source, but what I found was very reliable. â€Å"Thomas Jefferson. † The Biography Channel Online. n. p. n. d. Web. 17 May. 2009. From this source, I found a lot of information on Thomas Jefferson’s early life and his writing of The Declaration of Independence. I used this information in all three essays. This source offered a lot of information that I didn’t find anywhere else. â€Å"Thomas Jefferson, a Brief Biography. † Monticello Online. n. p. n. d. Web. 7 September. 1993. From this source, I got information of Thomas Jefferson’s death.I used this information in my biography essay. This source offered very little information. â€Å"Reasons for the Declaration. † History King. n. p. n. d. Web. 14 March. 1999. This source offered information about why The Declaration of Independence was written. I found use of this source in all three of my essays. This source offered a lot of detailed a lot of d etailed information. It was a very reliable source. â€Å"The Declaration of Independence. † America’s Library. n. p. n. d. Web. 24 April. 2000. This source offered information about the Declaration of Independence.I used the information from this source on the literary interpretation and biography essays. This source offered very straight forward facts and information that I found to be quite helpful. â€Å"Jefferson – Hemings. † Monticello Online. n. p. n. d. Web. 4 August. 1993. This source gave me information about Thomas Jefferson’s affair with slave-girl Sally Hemings. I used this information on my biography essay when I talked about the affair. This source had the most information about the affair. I found this source to be very useful. Jefferson, Thomas. â€Å"Declaration of Independence,† The American Experience. New York City:Prentice Hall, 2002. Print. This source is what I did my literary interpretation on. I found it to be very easy to interpret and it also provided some information that I could’ve used in my persuasive essay. â€Å"Thomas Jefferson Family Cemetery. † Carol House Online. n. p. n. d. 17 February. 2007. This source is where I got the cemetery picture from. All I got from this source was the picture. It was a good source. â€Å"Thomas Jefferson on Politics and Government. † Faculty Online. n. p. n. d. 7 May. 1996. This source is where I got the cover picture from. All I got from this source was the picture. It was a good source.

Diversity in Organizations Essay Example | Topics and Well Written Essays - 1000 words - 1

Diversity in Organizations - Essay Example In the case of I.T. business relationship established between India and US companies the factors that need to be assessed are more specific. The ability to understand the difference in workforce demographics by all levels of management, categorisation of diversity, establishing necessary legal framework relating to diversity issues like employment discrimination and creation of equal employment opportunity are the few important factors that need careful attention. The initiatives for diversity management must precede proper understanding of the above mentioned factors. A brief analysis of the important factors that need to be considered in the US-India business relationship are given below. Both India and United States belong to the group of countries that have highly diverse societies. The business relationship between two nations also have different type of diversity challenges and priorities. The highly skewed pattern of access to professional education, socialization and career progression in India creates tremendous pressure on locating, retraining and moulding the newly recruits to the expected level of competence desired. Thus non-uniform distribution of talent is the major bottleneck faced by overseas IT enterprises trying to establish business relationship in Indian mainland (Schome, n.d.). The task of managing the diversity in India would also be a new experience for American managers as they have been exposed to totally different requirements when compared to their previous experience back home. The American society is more adaptable to the changes required due to the huge entry of immigrants and or those underrepresented segment of the population. These man agers have had an earlier experience of creating an environment of social bond inspite of the prevailing diversity. Perception on diversity The major difference in the perception of the diversity across two nations clearly conveys the true picture on the diversity perception. The religion, gender, birth place, caste etc are the major diversity issues encountering an Indian. While in US they also include disability, age, marital status, immigration / citizenship status and sexual orientation (Schome, n.d). Legal Framework US have a very strong legal framework to ensure more robust policies with proper legal action being enforced against the corporate offenders. And these action are often highlighted as the cases of the best corporate practices. While in India, the things are more weak and the system lack proper legal support for any discriminatory practices. All the government and public sector undertaking bodies in India have a system of reservation, where a specified percentage of positions are earmarked for the people representing different caste/religion/section. Management Plan The diversity initiatives at workplace must facilitate easy exchange of new ideas and perceptions among all the members of the working group. Further, it would also help wider participation among all by inviting suggestions and solutions to important issues and thus ensure a respectful and acceptable work environment in the organization (Reichenburg,

Employment Research Paper Example | Topics and Well Written Essays - 1000 words - 1

Employment - Research Paper Example Unemployment has various effects on the economy and on people, which has caused substantial problems to wellbeing of the nation. According to U.S. Bureau of Labor Statistics, unemployment has serious effects on an individual’s emotional and sociological condition. Employment is a shunned upon the issue in today society. Therefore, those that are unemployed undergo past several societal changes that may affect their sociological state of mind. The U.S society views those that are unemployed as slackers and hardly empathizes with the jobless people. The unemployed persons go through the pain of knowing that, they have no job themselves, while on the same time, having to face the lack of ability to protect this fact, from the environment surrounding them (Strand, Novo and Hammarstrom 1). When one falls deeply in this situation the entire state of mind can be damaged. Some even consider the unemployed as a burden to the country. However, the unemployed people work as harder as the employed people to upkeep themselves only that they do not have a recognized job. The eventual effects of being unemployed beco me so detrimental that the unemployed face-losing essential parts of their lives. Some lose their cars, home, and even families. Unemployment has an impact on society as a whole. The unemployed people are capable of making a significant contribution to the public, but they are incapable of doing so because of their unfortunate circumstances. This has mandated the U.S government to disburse unemployment settlement to the unemployment leading to the straining of the government budget. The government is in turn forced to borrow from organizations such as the World Bank to have enough budget funds to make such payments, as currently unemployment is on the increase (U.S. Bureau of Labor Statistics). The experience of unemployment causes long-term consequences; both amplified probability of potential unemployment and lesser