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

MTV Video Music Awards (VMA 2010) nominees are?

Sunday night could be the night of Lady Gaga, because the 24-year-old has 13 nominations at the MTV Video Music Awards in Los Angeles. This is the record in the history of the music awards. Also, rapper Eminem sits well in the pools, and he is one of the favorite nominees with eight nominations. According to the announcement, he will inaugurate the show, which also expects appearances from other stars such as Kanye West, Mary J Blige. Lady Gaga is nominated, among others, in the categories for pop video, video of the year and best video of an artist, while Eminem with “Not Afraid” could get the award for best video of the year and best hip-hop Video.

Among the Best new talents nominated are Justin Bieber, Kesha, Jason Derulo, Nicki Minaj, and the group Broken Bells. And in the category of best dance video is also included along with reggaeton star Pitbull, Enrique Iglesias. Their single “I Like It” will face “Bad Romance” by Lady Gaga. It is the twenty-seventh time that these awards are given at a ceremony, and on this occasion, it will be moderated by comic Chelsea Handler. Last year, the R & B diva BeyoncĂ© took the video of the year award with her song “Single Ladies”, while Janet Jackson paid an emotional tribute to her brother Michael Jackson, who died a few months earlier. The story of the night, which made first pages, had the rapper Kanye West as leading man, when he blurted out to Taylor Swift that Beyonce deserved, more than her, the prize for best female video, which had been given to the country singer. When BeyoncĂ© finally won the prize for best video of the year, she called on stage Taylor Swift and she gave her the word.

Tuesday, September 7, 2010

For Indian Stock market crash is inevitable…

For Indian Stock market crash is inevitable…

Indian equity has outperformed the global peers and became best performing market for the year by giving 6% return till august 2010 and this performance came up due to the consistent pumping of money by foreign funds .Global investment managers were in search of growth pockets to invest the money after the financial crisis to find best geography for the growth. The obvious choice was emerging markets however in emerging markets India was certainly the winner due to its growing GDP and consumption story so Indian market have received 60,329 crores of fund till September 2010.

Month

FII

DII

Jan

-302.9

-1,311.10

Feb

2,113.50

-697.4

Mar

18,833.60

3,806.40

Apr

9,764.50

1,616.50

May

-8,629.90

98.7

Jun

10,244.60

-1,092.50

Jul

17,120.60

-4,404.80

Aug

11,185.30

-3,169.60

The domestic mutual funds were the net seller in same tome by taking out 5151 crore between Januarys to September in the same period may was the only month when domestic funds were buyer by putting mere 98 crore in market however FII investment was positive in every month except January and may

Significant amount of money finds their way in developed market economy however those markets are flat or negative at this point of time.

FIG: FII and DII investment

Festive seasons are around the corner and funds have habit to reward their investors near Christmas so the FII profit booking is bound to come .Fundamentally Indian market is standing on the one leg because domestic funds and retail investors are sitting sideline while FII are consistent in the buying side when they turn negative the scenario will be bearish .Foreign funds don’t have option because only in emerging market they are in profit so they will sell some of their holdings in coming month precisely by October 2010.

Global perspective:

Following big losses for developed world equities in August, the rally was to be expected, because global markets were technically oversold. We are now entering what are normally the worst two months for markets and we will see new lows hit in October, at which point the market will discount the prospect of the mid-term elections in US ,in euro zone credit problem is still persisting Ireland is looking to spread their problem soon .

The indication has been coming from the bond market, which last month began to tell us there is really bad news out there. Following substantial buying in August, we have seen some selling but this will not last long enough.