The Impact of Employee Involvement in Hiring and Promotions Process of Assignment

The Impact of Employee Involvement in Hiring and Promotions Process of Public Administration Agencies - Assignment Example The dissertation looks at the goal of how beneficial employee involvement could be among public administration agencies if it is practiced during hiring and promotions processes. To this end, the topic of the dissertations is stated as: â€Å"the impact of employee involvement in hiring and promotions process of public administration agencies.† Considering the nature of the topic, which touches directly on an identified institution, it would be true to say that there will be a lot of institutional reviews needed for the research. Institutional review of the research would come in two major forms and formats. In the first place, there ought to be an institutional review that looks at the ethics and rules of engagement in the identified institution in the conduct of research of this nature. Even though this may generally be an academic exercise, it is important that some basic rules of research including the need for ensuring confidentiality and anonymity of data are reserved. As much as these standards are adhered to, the institutional reviews needed on the part of the awarding institution, which is the university will also be catered for to a very large extent (Schein, 2004). For a higher academic level dissertation preparation of this nature, it is always important for the researcher to appreciate the fact that all knowledge cannot rest with him alone (Schein, 2004). What this means is that the researcher would always, and at one point in time or the other need the inputs of other people in making highly informed choices on the dissertation. Considering the fact that the dissertation preparation goes through many different stages, it would be more than true to say that at every point or stage in the preparation of the dissertation, the input of some people will be needed.  

Lessons learned from the collapse of bear stearns Essay

Lessons learned from the collapse of bear stearns - Essay Example All the major cause will be expansively presented in this paper. The valuable lessons learnt from the crisis will also be thrown light upon in this paper. Bear Stearns, AIG, Lehmann Brothers, Northern Rock, Goldman Sachs are some elite names that suffered the most because of the economic crisis also known as recession. Lehmann brothers filed for bankruptcy while AIG and a few other elites just hung in there with the skin of their teeth. This economic crisis is still having repercussions on countries like Greece and Spain; the whole of Euro Zone is facing a financial turmoil. There are a few other countries that have been not so severely affected by the same. The crisis triggered off because of unchecked debt, banks kept issuing loans to people who invested heavily in buying assets, several things were taken for granted but when proved otherwise there was hardly a place in the world to hide. Overvaluation in real estate is perhaps the biggest cause of the current economic crisis, it i s better known as the subprime crisis in the US. The likes of Lehmann Brothers and other financial services went bust because they kept issuing credit to the people who thought the property price would increase and they would be easily able to pay off the debt that they are borrowing. It did not turn out that way and there was a short of equity, this is exactly why the financial institutions went bankrupt. The overvaluation is the biggest factor that caused the current economic crisis. Factors like bad income tax practices have added insult to injury, bad mortgage lending also contributed heavily to this current economic crisis. â€Å"The way to address the root cause is to let house prices drop to where an average house is within the means of an average household.   (Or, alternatively, boost the income of the average household to the point that they can afford an average house.   But that's very hard.   Letting houses prices go on falling, although painful for everyone who o wns a house or who has lent money to someone who owns a house, is very easy.)† (Root Cause of the Financial Crisis) Role of Monetary Policy Some of the main plausible reasons that caused the recent financial crisis have been identified in the above sections. According to Brunnermeie (2009), cheap mortgage financing to sub-standard borrowers fuelled the boom in the U.S. housing market. Three factors were primarily responsible for the fall of the housing market in the U.S. (which in essence, constituted a very small segment of the financial market in the country) transforming into a global contagion. First, the â€Å"originate and distribute† banking model, together with the high rate of securitization, led to declining lending standards and made it impossible to re-price the complex structured products. This significantly eroded the confidence level of banks, thereby disrupting the inter-bank markets and credit flow. Second, banks relied heavily on short-term funding sou rces, hence raising the risk of funding. Finally, the ever-growing integration of global financial systems and the increasing interest towards structured financial instruments quickly transmitted the crisis to all the major regions of the world. Gourinchas (2010) focused on the role of monetary policy in the recent financial contagion as well as the role played by exogenous influences, particularly the rising external deficits referred to as ‘Global Imbalances’. According to Gourinchas, both explanations are not satisfactory as the sole