...If I were to organize a retirement party for someone that was retiring after 30 years I would first conduct research on what he has done and what are his biggest accomplishments. Next would be to find out what that person will be doing for their retirement, such as golfing and make that the party’s theme. I would assign my other colleagues some of those tasks and we would come up with the best time and date to have it. Once the date was set and everyone was in on it, I would let others know and ask for their input on what accomplishments, funny moments, and gather pictures from office parties or board meetings. We would get all the pictures, videos, and make a presentation. On top of that we would get a plaque done that would be finished to present at the party. In the event of conflict during the planning stage for the retirement party all personnel would have the ability to openly communicate with anyone else on the team. Prior planning and meeting our timeline is our best effort to ensuring that any issues that may arise will be resolved prior to the event happening. Teamwork in school or the workplace is essential to the smooth and effortless accomplishment of tasks. Working in a team environment builds confidence through collective ownership over whatever is being worked on. It also opens the lines of communication between colleagues and helps in troubleshooting procedures. A strong focused team of individuals can creatively and effectively accomplish tasks faster...
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...Retirement Party for Steve Weeks prior to making the surprise retirement party known to fellow employees in the company, I have been observing their strengths and weaknesses and scheduled a casual business meeting with Steve, in which I have told him I have not decided on a place for the meeting yet, and urged him to have his family attend. I made a list of important tasks for the individuals I decided on to perform. When there is four weeks remaining until Steve’s surprise retirement party, I call in the individuals I chose. I explain how it would be best to have everything set in stone one week before the planned date. I ask if each one feels comfortable performing the tasks I have chosen for each of them. We all brainstorm on the steps it will take to achieve the tasks effectively. At the end of the meeting I express to the members that they will have a light professional load for the next four weeks to accommodate the planning of the party. I also let them know that I have plenty of free time to meet with them during the process to discuss conflicts between different aspects of the party. One member of the team is responsible for determining a budget for the party. In week one he needs to communicate with the company manager to discuss a budget for the entire event. During week two he will consult with the other team members to determine how much money is allotted to each aspect of the party. In the last week of the planning process he will distribute the allotted amount...
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...FINANCIAL PLANNING AGREEMENT This Financial Planning Agreement (“Agreement”) is entered into by and between Alpha Global Investments, LLC (“The Adviser”) a registered investment adviser and (“Client”), whereby Client desires to receive financial planning services as outlined below. 1. SERVICES AND FEES The Adviser provides personal financial plans consistent with a client’s financial status, investment objectives and tax status. The Adviser will obtain the necessary financial data from the Client to prepare the financial plan. The financial plan may include information regarding retirement planning, education planning, planning for major purchases, life and disability insurance needs, longterm care needs, and estate planning issues. Client will receive a written financial plan from The Adviser. The financial plan will not include information or analysis with respect to liability risks or tax planning. Fees for the financial planning services referenced above are as stated below. Client may elect to pay the fee upon execution of this Agreement, upon delivery of the written financial plan, or a combination of upfront and arrears. Client may choose to periodically update his/her personal financial plan through The Adviser. Such updates may be conducted at the election of the Client and a new agreement disclosing the services and fees will be required between The Adviser and the Client. FEES: Hourly Fees are billed at $150 per hour and are paid in full at the completion of the Financial...
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...to change and it shows in their ability to stay at the top of their competitors. There are still areas for innovation and Ameriprise is a company that adapts and changes on a daily basis whether it is through updating software, advising clients on stock market changes, or adapting to always changing federal laws in the financial world. Current Innovative Capabilities Ameriprise Financial strives to be a supreme provider of retail financial services. The key is in the relationship advisors have with clients. It is centered on complete financial planning and advice. These relationships are developed and strengthened over many years. Ameriprise works with many generations of families because they appreciate the value and peace of mind Ameriprise offers over a lifetime. Their growth strategy is simple but also very powerful. This strategy is to serve more clients who are collecting capital and transitioning to retirement, deepen relationships with existing clients through complete advice and solutions, and further develop the advisor’s value proposition to continue to build a high dynamic and growing advisor team. This strategy is consistent and it shows in the results of years of effective execution and steady investment. Process Recommendation The process recommendation for Ameriprise Financial would be directed to the initial introduction to new clients, specifically female clients. Ameriprise financial gains a majority of their clients from...
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...communication is contained in the words themselves. For business purposes, managers must deliver their message clearly, succinctly and effectively if they want to be successful. Poorly written messages create confusion or fail to achieve their intended purpose. Bobby Johnson’s task is organizing the retirement gathering for friend and co-worker Joe Banyon. He drafted a quick email to inform 50 people that the party in Joe’s honor would be the upcoming Friday. However, Bobby failed to utilize his effective writing skills, delivering an email lacking many details as well as posing many questions from 50 others in receipt of his email. I have made an assumption that Bobby may have been in a hurry and lacks experience in the party planning aspect. He forgot one of the most important features of the letter and that is the date the party will take place. He did mention that it would be on Friday at 6pm but an emailed memo should serve as a reference for future planning and scheduling. Another important factor is that he assumed that everyone in receipt of the email would know what and where City Café is located. Possible questions that would accompany this issue are: if the party offers a full course dinner or just drinks and also if the spouses are invited as well. Also, requesting monetary contributions from attendees without details as to how this contribution will be collected and utilized. As a email recipient would need to know when the money is being collected, a.s.a.p...
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...2k3build 2k3build Financial Planning Report Private & Confidential Financial Planning Report Private & Confidential Table of Contents Current Financial Situation 2 Discovery 2 Financial Planning Goals 2 Assumptions 3 Assets assumptions 3 Liability assumptions 3 Timing to reach Goals 4 Personal questions 4 Tolerance for risk 4 Ethical issues to advise: Mr & Mrs Peters 5 Tax Computation - Frank 5 Net Worth Statements 6 Cash Flow Statement 10 Advice and recommendations 10 Retirement Planning – Lauren Crossley 10 SIPP Calculator 11 Claim back even more via your tax return 12 Investment Portfolio at a glance - Laura Darcy 13 Portfolio Analysis and recommendations 13 Educational Funding for University- Keenan Shaw 14 Estate Planning 14 Analysis of the death of the client 15 Financial Analysis 16 Appendix 16 References 18 Current Financial Situation This confidential report was created for the use of Mr & Mrs Peters use only. Each section is designed to give a comprehensive understanding of the financial circumstances and also includes forecasting for the future. The report reflects your current financial position and where you are likely to stand in the event of disability, death or retirement. There is a legal disclaimer written by our legal team contained in the Appendix (see extract 1) The goal of this wealth management plan is to make the greatest possible use of your present and expected...
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...towards the detail for this function first of all we should know about origin of H.R.M and its functions, activities and then about what is Recruitment & what is Staffing and their differences separately. In mid-1960 there was a department in the name of Personal Department which was only responsible for happiness of employees. And there main activities were: • Planning company picnics. • Scheduling vacations. • Arranging retirement parties. But after 1980 a new department in the name of Human Resource Management created and became the backbone to an organization because it is responsible for employees from the cradle to the grave means from the time when employees enter the organization up to the retirement or resign of employees. It can be defined as: The process of hiring and developing employees so that they become more valuable to the organization. A company’s human resources department is responsible for creating, implementing and/or overseeing policies governing employee behavior and the behavior of the company toward its employees. Human Resource Management includes conducting job analyses, planning personnel needs, recruiting the right people for the job, orienting and training, managing wages and salaries, providing benefits and incentives, evaluating performance, resolving disputes, and communicating with all employees at all levels. Human resources are the people who work for the organization; human resource management is really employee management with an...
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...Lesson 13: Investing in Mutual Funds What is a mutual fund? * A mutual fund is a professionally managed pool of money invested in stocks, bonds and other securities. * By purchasing mutual funds, small investors can easily diversify their investments and enjoy the benefits of professional management. * Investors own units or shares in the fund and benefit proportionately from any increase in value and/or income earned by the investments owned by the fund. The Reasons Investors Choose Mutual Funds | Mutual funds have grown in importance in Canada over the last twenty-five years. As of February 2008, there were 2,038 mutual funds with a total worth of nearly $679 billion – up from only $3.5 billion in 1981.The two major reasons investors choose mutual funds are: 1. Professional management - although there is no guarantee that the fund will outperform the market. 2. Diversification - by asset class (i.e. by holding a mix of stocks, bonds and money market investments) or within each asset class (i.e. by holding a variety of securities within each class). The risk of mutual funds arises from the risks associated with the investments they hold. * For example, a bond fund will be subject to interest rate risk – as interest rates rise, the value of the bonds owned by the fund will decline. | Mutual Funds With and Without Loads A load is a sales commission. In a load fund, the investor pays a commission every time he or she buys units (front-end load)...
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...the liability. There are five levels of hierarchy for calculating fair value. An entity must begin at the highest level and may work its way down if sufficient information is unavailable. The highest and preferred FVM is quote prices from active markets with the lowest being assumptions developed by the entity 410-20-25-4 An entity shall recognize the fair value of a liability for an asset retirement obligation in the period in which it is incurred if a reasonable estimate of fair value can be made. If a reasonable estimate of fair value cannot be made in the period the asset retirement obligation is incurred, the liability shall be recognized when a reasonable estimate of fair value can be made. If a tangible long-lived asset with an existing asset retirement obligation is acquired, a liability for that obligation shall be recognized at the asset’s acquisition date as if that obligation were incurred on that date. 410-20-25-6 An entity shall identify all its asset retirement obligations. An entity has sufficient information to reasonably estimate the fair value of an asset retirement obligation if any of the following conditions exist: It is evident that the fair value of the obligation is embodied in the acquisition price of the asset. b. An active market exists for the transfer of the obligation. c. Sufficient information exists to apply an expected present value technique....
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...life and financial goals. This proposal will address the action plans from several key and fundamental financial aspects, namely, insurance and risk management, savings and investments, education planning, retirement and estate planning and also, tax planning. The action plans and recommendations shall act as a guide in assisting Mr. Tom Ho to achieve sufficient financial protection, lower tax burdens, increased investment (passive) income, good retirement planning and also proper estate planning. The financial plan outlines all the financial planning and strategies that are designed and developed to: • Help to set aside an emergency fund preparing the client for unfortunate events and mishaps. • Provide client with budgeting plan and cash flows planning to support client and family's current lifestyle. • Help client in accumulating sufficient retirement funds to support him and his spouse's retirement lifestyle and needs. • Establish a profitable investment portfolio with balanced assets allocation according to client's risk profile and prospect analysis report. • Assist client in reducing client's tax burden by utilizing tax reliefs and other tax savings methods and strategies. • Distribute client's wealth by using appropriate estate planning tools and strategies when client departs. • Reduce and settle out housing loans, car loans and credit card loans. • Assist client in accumulating sufficient funds to support children's tertiary...
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...complete a retirement party are making a budget, ask co-workers about the party, decide on a place to host it, make a theme, write down the names of the guests that are attending. Making a budget is the most important task in planning any party. Deciding on how much money you have to spend on the party will give you an idea on what you can buy and where the party will be. Also it may limit the amount of guest that can be invited. Asking your fellow co-workers to help plan the party is a great thing to do. They can give you several options as far as where to go and who to invite. They may even be able to help with the budget by bringing food they make at home or make a donation to the funds of the party. It’s important to think about how many guests will be at a party when deciding the venue. If it is a small get together you could host it in your house or back yard. If it’s a lot of people you might want to go somewhere else. Choosing a theme is not as important as the others mentioned but adds a nice ambience to the party. A theme can be something simple or could be extravagant. Finally make a guest list. This way you know who exactly is attending. Knowing who will be there will same time when it comes to providing appropriate space. Making the guest list is probably the easiest thing to do and should only take a day or two. In that same day you can ask your fellows co-workers for advice about the party, and make a decision by the end of the week as to where you want the party to be...
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...Military Retirement Ceremony Keller Graduate School of Management PROJ 595 – Project Risk Management Phillip Thatcher October 24, 2014 Edward Yerington TABLE OF CONTENTS Project Risks for Planning a Military Retirement Ceremony Course Project Part I ………………………………………………………………………………………….3,4,5,6,7,8,9 Introduction……………………………………………………………………………………………………………………………10 Decision Tree Analysis……………………………………………………………………………………………………………11 Discussion of Decision Tree…………………………………………………………………………………………………..12 Fault Tree……………………………………………………………………………………………………………………………….13 Discussion of Fault Tree………………………………………………………………………………………………………..14 Conclusions…………………………………………………………………………………………………………………………….15 Works cited…………………………………………………………………………………………………………………………….16 Introduction The Project Manager or the Commanding Officer of this project is responsible for the implementation of the Project Risk Management Plan. A formal detailed plan is required for these large complex and high-risk projects. These projects require a specified treatment plan to monitor and control risk. However, for smaller less complicated projects the risk plan is usually combined into the daily operations of the project tasks. In which I will assign to the appropriate sections. Such was the case for the planning a Military Retirement Ceremony. This report will discuss how risk were identified, prioritized and monitored for the project of planning of the Military Retirement Ceremony...
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...Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) Derived demand is defined as a requirement for one product that is created due to the purchase of another product. It occurs for consumers who purchase goods for further production, because their purchases are based on the demand for their final product.[1] For example, when the demand for automobiles is high, the derived demand for steel, and all other products used to make automobiles, is also high. Should the demand for automobiles drop, so will the demand for the products used to make the automobiles. Derived demand applies particularly to strategic human resources planning in relation to labour. Demand and supply of labour interact to determine the wages and affects the allocation of labour resources in ta corporation. It involves anticipating both the need for labor and the labor supply while planning programs necessary to ensure the organization will have the right mix of employees. The demand for labour is derived form the demand for the goods and services that labour is used to produce. Additionally the demand for labour is influenced by the level of economic activity, the productivity of labour and relative cost of labour compared to capital.[2] The demand and supply of labour are influenced by both macroeconomic and microeconomic factors. Macroeconomics refer to conditions in the whole economy affecting the general labour market. Microeconomic...
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...Store now! Copies of the latest version of this template and guide can be downloaded from www.business.gov.au/plans. If you need further information, assistance or referral about a small business issue, please contact the Small Business Support Line on 1800 77 7275. How to use this template Before you complete this Succession plan template and start using it, consider the following: Use the [italicised text]. The italicised text is there to help guide you by providing some more detailed questions you may like to answer when preparing your response. Please note: If a question does not apply to your circumstances it can be ignored. Use the succession plan guide. The succession plan guide below contains general advice on succession planning and a complete overview with details on each question asked in the succession plan template. Get some help. If you aren’t confident in completing the plan yourself, you can enlist the help of a professional (i.e. Enterprise Connect Centre, Business Enterprise Centre, business adviser or accountant) to look through your plan and provide you with advice. Review. Review. Review. Ask a number of impartial people to proofread your final plan. Print. Before you print a copy of your completed succession plan, ensure you delete the first section containing the guide as well as the [italicised text]. To print a copy, select the Printer icon...
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... 10/01/2014 Acknowledgement I would like to thank, Specially to lecturer Mr. Anton Johnson For giving knowledge and courage to complete this assignment. To all the other lecturers at ICBT, To my parents, To my friends, For helping and giving hand To complete this… Executive summary This report discuss about the main functions in HRM and about the role of a HR Manager. It discuss about the roles and responsibilities of a Line Manager in HRM perspective. End of the first part of this assignment it discuss about the legal and regulatory framework relavent to HRM as well. Second part of the report is all about Human Resource Planning. It explains the HRP process, stages involved in planing human requirement and the practical scenario of recruitment and selection process of the selected two organizations. Third part of the report is abou the Rewad Management and it’s application in organizations. It also discuss about the pay structures, about motivational theories, and the evaluation systems. Fianl part is about cessation of work and it’s legal implications. Table of contents Introduction Human Resource Management is an important function in todays business world. It’s because people is the best and most valuable asset to attain all the business purposes today. In the business world they have realized that without people they won’t achieve their goals and...
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