The employment rate means the number of people that is presently employed divided by the population of working age. Unemployment is a situation where labour force participants are avaible‚ willing to work and actively looking for a job but are unable to find any jobs. Labor force is defined as the people above the age of 16 and older who are employed or are actively seeking employment. Unemployment rate can be calculated by dividing the number of unemployed with the labor force. Changes in unemployment
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External Analysis 1. PESTLE Factors Political and Legal· Government has high work efficiency‚ justice and transparency.· Company or individual have low tax rate easy to calculate.· Government supports the development of industry and commerce. | Economic·Hong Kong is the world’s 11th trading powers and 2nd stock market in Asia.·One of the most free trade port and open investment policy. It is the only one RMB offshore market.·Over-estimation of the number of visitors.·Loss $46 million in the
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Q2b. Explain how children and young people’s development is influenced by external factors. External factors include: Poverty and deprivation Family environment and background Neglect Trauma Grief and loss Personal choices Looked after/ care status Education Poverty and deprivation Poverty affects the healthy development of every child. A young person’s development is greatly affected by his or her housing and neighbourhood‚ family income and level of parents’ education‚ access to healthy food
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External Stability External stability is the government objective that seeks to achieve current account sustainability‚ a continued capacity to service foreign liabilities‚ and a foreign exchange rate; all of which are necessary to facilitate and encourage economic transactions between Australia and the rest of the world. External stability is the aim of government policy that seeks to promote stability and sustainability in Australia’s external sector so that Australia can service its foreign
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strategy making process via ESC model. Fig 1.1 shows the ESC (Environment‚ Strategy & Capabilities) model to describe the strategy making process for an organization. Strategies are made keeping a number of factors in consideration. Environment stands for Macro and industry based environment and factors that effect the operation of an organization. Environment is discussed more in detail in later part of this report. Business strategies are made considering the interest of stakeholders‚ company’s mission
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Disqualification for benefits A. An individual shall be disqualified for and shall not be eligible to receive benefits: (1) if it is determined by the division that the individual left employment voluntarily without good cause in connection with the employment. However‚ a person shall not be denied benefits under this paragraph: (2) if it
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continual updating in order to reflect the most current mix of goals. As people become better educated and economically blessed‚ the traditional carrot and stick policies only scratch the surface. The ever increasing constraints‚ internal as well as external‚ imposed on organizations further erode the power of managers to motivate employees ( Rao & Narayana‚ p429‚ ). Motivators are associated with positive feelings of employees about the job. They are related to the content of the job. They
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The External Environment: Opportunities‚ Threats‚ Competition‚ and Competitor Analysis The external environment affects a firm’s strategic actions. For the example‚ when Philip Morris International (PMI) joint venture with Swedish Match AB‚ PMI distribute smokeless tobacco in multiple global market. A firm’s external environment creates the opportunities (opportunities PMI to enter the smokeless tobacco market) and threats (the regulation in its market reduces the consumption of PMI’s tobacco
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Managing employment relationship depends on an effective HRM function. Explain why. Employee relationship management is a process that companies use to effectively manage all interactions with employees‚ ultimately to achieve the goals of the organization. HRM is the function within an organisation that concentrates on recruitment‚ management and providing direction for the people who work in the organisation. It includes all management decisions and actions that affect the relationship between
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components: system software‚ applications software‚ software utilities Security: risks eg phishing‚ malware‚ viruses‚ spam Data flow: between components eg input‚ output‚ memory‚ processor; representations eg block diagrams‚ flow chart‚ images 2 Know the different uses of computer systems Components: hardware; software .User: type’s e.g. home‚ office User requirement: business need eg graphics design‚ company accounts; home use eg internet connectivity‚ online games; other eg portability
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