Saturday, September 18, 2010

What Are Employability Skills?



















The two greatest concerns of employers today are finding good workers and training them. The difference between the skills needed on the job and those possessed by applicants, sometimes called the skills-gap, is of real concern to human resource managers and business owners looking to hire competent employees. While employers would prefer to hire people who are trained and ready to go to work, they are usually willing to provide the specialized, job-specific training necessary for those lacking such skills.
Most discussions concerning today’s workforce eventually turn to employability skills. Finding workers who have employability or job readiness skills that help them fit into and remain in the work environment is a real problem. Employers need reliable, responsible workers who can solve problems and who have the social skills and attitudes to work together with other workers. Creativity, once a trait avoided by employers who used a cookie cutter system, is now prized among employers who are trying to create the empowered, high performance workforce needed for competitiveness in today’s marketplace. Employees with these skills are in demand and are considered valuable human capital assets to companies.
Employability skills are those basic skills necessary for getting, keeping, and doing well on a job. These are the skills, attitudes and actions that enable workers to get along with their fellow workers and supervisors and to make sound, critical decisions. Unlike occupational or
technical skills, employability skills are generic in nature rather than job specific and cut across all industry types, business sizes, and job levels from the entry-level worker to the senior-most position.
What specifically are those skills, attitudes and actions, i.e., employability skills, necessary for getting, keeping, and doing well on a job? Employability skills, while categorized in many different ways, are generally divided into three skill sets: (a) basic academic skills, (b) higher-order thinking skills and (c) personal qualities. The three skill sets are typically broken down into more detailed skill sets
Although the academic skill level required by some entry-level jobs may be low, basic academic skills are still essential for high job performance. Ideally, new hires will have the ability and will want to learn. They also need the ability to listen to and read instructions and then to carry out those instructions. When asked for information, these individuals should be able to respond appropriately both orally and in writing, including recording and relaying information. Reading ability includes comprehending what has been read and using a variety of written materials, including graphs, charts, tables and displays. Entry level employees also need the ability to complete basic math computations accurately.


Perhaps even more important to job success than having good basic academic skills is having good higher-order thinking skills. The ability to think, reason, and make sound decisions is crucial for employees desiring to do well and advance. A person who can think critically, act logically, and evaluate situations to make decisions and solve problems, is a valuable asset. Application of higher order thinking skills in the use of technology, instruments, tools and information systems takes these higher order skills to a new level making the employee even more valuable. Employers will usually try to help valued employees seek and get more advanced training, thus widening the gap between those with higher order skills and those possessing basic academic skills alone.


If basic academic skills and higher order thinking skills are so important, why then are employers deeply concerned with personal skills? Because in most jobs, it is difficult to utilize workers effectively who lack personal skills. Entry-level employees with good personal skills have confidence in themselves and deal with others honestly and openly, displaying respect for themselves, their co-workers, and their supervisors regardless of other people’s diversity and individual differences. They view themselves as a part of a team and are willing to work within the culture of the group. They have a positive attitude and take the initiative to learn new things to get the job done. Rather than blaming others when things go wrong, they are accountable for their actions. They also have the ability to set goals and priorities in their work and personal lives so that resources of time, money and other resources may be conserved and managed.

These individuals practice good personal habits, come to work as scheduled, on time and dressed appropriately, and are agreeable to change when necessary.

Monday, September 13, 2010

Hurricane Igor strengthens to category four (AFP)


MIAMI — Igor, swirling in the central Atlantic and not a threat to land, strengthened to a powerful category four hurricane Sunday, the Miami-based National Hurricane Center said.

Hurricane Igor "rapidly intensifies into a category four hurricane," on the five-level Saffir-Simpson scale, the NHC said in a special advisory.

The storm had maximum sustained winds near 135 miles (215 kilometers) per hour, with higher gusts at 1830 GMT. "Some additional strengthening is forecast during the next 48 hours," the NHC said.

The center of Igor was 1,565 miles (2,520 kilometers) east of Santo Domingo, in the Dominican Republic, traveling towards the west at nearly 14 miles (22 kilometers) an hour at 1830 GMT.

Forecasters said the storm could turn west-northwest on Tuesday and track the northern Caribbean, possibly heading toward Bermuda.

Meanwhile, a tropical depression formed off the coast of Africa, and a tropical storm warning was issued for the southern Cape Verde Islands.

Tropical Depression Twelve was expected to become a tropical storm later Sunday or Monday, according to the Miami-based NHC.

At 1800 GMT the storm was dumping rain on the islands, located off western tip of the African continent.

Early this week, powerful Tropical Storm Hermine slammed into far northeastern Mexico and then barreled into US territory, sparking flash floods on both sides of the border.

Hermine came on the heels of Hurricane Earl, which gained category four status at its height in the Atlantic Ocean, whipping up heavy winds along the east coast of the United States and Canada.

Basel iii

Breaking News

We will have the finalised Basel iii package before the 15th of September, 2010.

We believe that banks will have to hold Tier 1 capital of 9 percent (in Basel 2 we have 4%), including a 3 "conservation buffer".

At least 5 percent of Tier 1 will be pure equity or retained earnings.

If Tier 1 capital is less than 9%, banks will not be allowed to pay out dividends to shareholders.

In good times, banks have to allocate another 3%, the "anti-cyclical buffer". It simply means that in good times banks need Tier 1 capital of 12% in order to be able to pay dividends.

If we add 4% Tier 2 capital, we reach an interesting number: 16% (6 percent Tier 1, plus 4 percent Tier 2, plus 3 percent conservation buffer, plus 3percent anticyclical buffer).

Hedge funds are already shorting certain banks. Investors try to understand how much capital banks may need to raise in order to be able to pay dividends.

Next step: The G20 summit of leaders in November, where they will give their seal of approval