Personal Organisational Development in the UK - Essay Example

PERSONAL ORGANISATIONAL DEVELOPMENT By Location Part A The current marketplace in UK for graduate employment opportunities The United Kingdom’s economy reigns globally as the sixth largest economy. However, the UK had the strongest economy until the 2008-2009 during the period of adverse reaction, and increased rate of unemployment. The UK suffered from reduced economic growth, which further suppressed the income per capita of the citizens thus implicating to poor GDP growth. Consequently, graduates in different career courses suffered since they were unable to secure employment opportunities. However, the country currently induces foreign investors in its economy, which has led significant growth. Currently, the country’s economic prospects ranges at 78% for the service sector, and a reserve valued at £250 billion (Great Britain, 2012, p, 57). These advantages translate into increased balance of payment for the country. Further, it is economically sound to rate UK as one of the best countries to secure employment opportunities due to its broad spectrum of industries. Through the establishment of the Keynesian theory towards an evaluation of the UK economy, it is evident that the UK economy holds diverse employment opportunities to graduates. The theoretical approach stipulates that, during the short run and long run periods, productivity of the economy will shape up to conform with the desired increase in investment thus propelling the growth of opportunities. The implementation of the theory in transforming the economy is vital since it declares that supply may remain constant during an increase in the level of demand for employment opportunities. Therefore, the constant supply of labour force from graduates will lead to an increase in its demand, which consequently results to high salary offers, decreased unemployment levels reduced rate of inflation (Yaeger and Sorensen, 2009, p, 114). Despite the economic crisis witnessed in the previous period, UK’s investment growth and the constant maintenance in population translates to unlimited opportunities for graduates from different careers. Finance companies in the UK seem to be engaging on continued promotion of their services while neglecting the fact that the sector suffers broadly from crises. It is evident that the corporations derive challenges from the increased number of unpaid loans while the employee population, demand for salary increment to match the escalating costs of living. The corporations admit that the prospective employees who qualify after the recruitment should be knowledgeable of the past financial performances. Since the year 2005, the economy of UK witnessed a slight increase in the rate of unemployment at a level of 7.3% with a 1.3% emanating from the financial sector. Arguably, the country’s wealth of diverse investments helped it to recover from the GDP deficit rated at 1.2% in the unemployment levels. Predictions of a continuous rate of reduced unemployment among the citizens seemed ill to the extent that the economy realized a high of 7.8% and a low of 7.3% in 2008-2012. Analyses depict that the concurrent changes in the employment sector of the economy are implicit on the exchange rates of the GBP. Anticipations of the UK financial sector as presumed by economic advisers are that the country would recover the employment rates and eradicate unemployment through implementation of foreign policies. For example, they derived an understanding that the country’s reserves were instrumental in reshaping the employment levels through an increase in funding and reducing the sovereign debt. This implicates on increased advantage of exchange rates over other foreign currencies for example, the American dollar. They implied that the foreign exchange advantage would lead to an increase in the GDP and per capita incomes (Duckworth andTummons, 2010, p, 42). This would implicate at immediate increased employment rates. However, the increase in the debts that befell the finance industry coincided to the 2008 economic crunch that severed inflation of the dollar and further to the foreign exchange markets where the dollar rules as an exchange medium. The rate of unemployment in the country reduced by 18,000 thus rendering GDP growth to the economy despite the persistent. The increased rate of unemployment reflected the urge for economic growth through the increased rate of currency transactions with foreign economies. The country’s wage and salary rates in the financial sector also influenced inflation as the country’s employees demanded high incomes to satiate their urge for the scarce products in the economy. The country’s importation of investors is the ultimate resolution to GDP growth and eradication of the unemployment rates since leading to a reduced balance of payment and economic incompetence of the local sector. Economists perceive that the UK financial corporations and banks face the threat of collapse due to the persistence of crises in the economy. They account for the systematic and non-systematic crises in the finance industry as the attributing factors to the underperformance of the sectoral economy. Analyses of employees in the financial sector reveal that the opportunities are profound, but the ability of the stakeholders to satisfy their contractual agreements remains uncertain (Hager and Holland, 2006, p, 90). The finance economies that seek employees’ views in decision-making create good public and corporate images since the employees, who have direct links with the environment are able to propose salient decisions that will transform the organizations’ performances and credibility from the employee groups. Part B Discussion of the intended career path Critically, i realize that I possess vast knowledge in offering financial advisory thus; I am certain of my capabilities to work as a finance consultant in the UK market. Realistically, the possession of financial skills shall serve for effective co-existence. Therefore, the acquisition of employment opportunities in finance consultancies requires skilful learning of the industry’s stakeholders and the revelation of alternatives, which are certainly offsetting any consequential impacts seeming to interrupt the desired outcomes of businesses. Arguably, I recognized the essence of the values of being sensitive and adaptable as significant to securing employment opportunities as a finance consultant, a resolution that will enable me to be famous in the market within duration of 5 years (Organisation for Economic Co-Operation and Development Staff, 2009, p, 390). These attributes seemed salient to enable a person to secure employment with UK’s financial corporations. The evaluation of employment opportunities in the finance sector requires one to demonstrate the ability to work within a certain framework within a team. The achievement of organizational goals requires high levels of organization and cooperation in teams. Over time, I have joined many groups of graduates seeking employment that have adopted a culture whereby the task groups exist as constituents of members well known for their levels of expertise. The efforts I have forecasted as a potential finance consultant graduate seeking employment in the financial sectors serve to ensure that I achieve my goals together with those of the consultancy firm and of the visiting clients. The course of evaluating the finance career path further highlighted the significance of expert communication and financial skills. Financial skills are crucial in determining the quality of services and the future outcomes after engaging it to different businesses and different people. The fluency of delivery of determining financial prospects in the UK market is accredited to a successful factor of acquiring the desired employment position in financial corporations. Moreover, financial management skills are critical in profit growth and transformation of the corporation. Through various group discussions while as a second year student, it is knowledgeable to insist on the expression of competitive financial skills as it serves to the advantage of providing solutions to persistent problems thus gaining the ability to secure opportunities once in provision from the corporations (Rao, 2010, p, 85). The high sense of confidence can prove difficult when a potential employee befalls financial challenges at the short run. This tames individuals to remain passive in handling their tasks. Evidently, I realized that the lack of participation in financial corporations in the UK limits an employee’s performance. Commentary on the career path The aspect of financial management careers that determines the response of the corporations is pertinent to the available population of able career professionals. The skill discerns individuals to filter their ideas and present the relevant ones to the organizations thus; it promotes the ability of securing employment opportunities in the UK market despite the pre-existing challenges in the industry. Analytically, it is crucial to prove ones skill’s worth when attending interviews since the assessors shall be seeking to identify the extent at which one has the ability to handle the environment’s challenges competently. Consequently, a breaching of agreement’s relevance stirs discomfort since the organization may start suffering unjustly (Bowyer and Martinelli, 2004, p, 67). According to career prospects, it is critical for the graduates focusing on securing employment opportunities in the UK’s financial corporations to learn the importance of such practices, and rest assured that every job holds unlimited challenges and it is upon the employees’ determination that they will acquire the desired successes. I realize that the need to demonstrate proficiency when seeking for employment opportunities as a consultant depends on the level of success in the given discipline. The opportunities that graduates have to access beneficial employment opportunities in finance corporations are depend on the learning processes. Further, the corporations seek for the employee population that seems to have acquired the desired results as forecasted in the course summative results upon the completion of their studies. Therefore, developing business and economic oriented skills is ideal for the building of an outstanding career profile (Schomburg and Teichler, 2011, p, 59). A graduate needs to establish the mission and vision statements of the organisation that he seeks to secure an employment position thus gaining the ability to define the path to take thereafter. Since my youth, I have been a leader in various groups that encourage the young population of UK to stay focussed. The subsequent forums acquainted me with opportunities to attend empowerment programs, which handled the important aspects of financial accountability, management, and planning while focusing on economic growth (Eade and Sayer, 2006, p, 93). The facilitators seized the responsibility of imparting their essential skills of formulating the strategic goals and objectives, which support the defined financial approaches. The rationale of long-term career path Determination is the most critical aspect of acquiring successful outcomes in all tasks since it helps individual graduates to forge forward irrespective of the prevailing obstacles. It is in my habit to make regular reviews my goals and objectives in order to be certain that all my undertakings aim in the right direction. Exorbitantly, I have the determination to acquire my lifelong goals in the finance career of the UK economy, and that serves as a confirmation of exhibiting similar characteristics while seeking for employment opportunities in the market. Being a UK national, I perceive that there are numerous setbacks in the environment, which threaten to shatter my target goal of securing an employment opportunity in the financial corporations. Ideally, the goals remain secure from the threat of fading since the acquisition of expertise and skills through the completion of various disciplines propels the ability of landing a financial management position in the market (Gold, Thorpe, and Mumford, 2010, p, 220). Arguably, the UK market suffers from the scarcity of competent finance experts, a factor that is on a gradual decrease due to the provision of competent graduates as job seekers in the market. Assessment of my suitability and relevance of psychometric test results and feedback on internal and external interview and assessment centre activities After undertaking close analyses into my career and the present employment opportunities in the UK market, I was able to realize that some factors have imposed conflicts into the industry. I realized the salient role of effective problem diagnosis in the field since the interviewers presented numerical tests, which challenged me to identify the solutions in terms of ratio, rates, and percentages amongst other numerical approaches (United States, 2005, p, 35). Through the execution of diagrams and other verbal interview approaches, I learnt that the field is quite challenging due to its broad spectrum of implicit factors. Ultimately, I have reconsidered the consequences, but I seek to settle for the alternatives that present more benefits (Hatum, 2010, 96). In reflection to the descriptions, I learnt that problems are a norm in the job industry thus; it is vital for individual graduates to nurture profound problem-solving skills. Graduates in financial management courses anticipate meeting problems in the field due to the evidence recorded on the past performance of finance corporations in the UK (Hager and Holland, 2006, p, 78). Whenever employment hindrances surpass personal ability, it is of a necessary course to embark on consultations. Such a resolution shall serve to the advantage of establishing new strategies as a form of acquiring the required jobs. Despite the fact that I do demonstrate my abilities and initiatives in solving the problems solely, I still endorse the vitality of promoting realistic needs for seeking opportunities that will help in the improvement of my competence in problem solving (Buzzetto-More, 2010, p, 144). The fact that I am an independent-minded person, I reason out that a critical thought is a trait for all graduates seeking to develop professionalism in the financial industry of the UK. The challenges in the financial workplace require confident and self-driven individuals who can operate and make decisions based on their independent value system. The ability to undertake critical analysis upon each situation proves a person’s level of thinking. Consequently, the persons should demonstrate their capacity to handle critical situations in order to make rational decisions (Kennett, 2008, p, 66). These prospective approaches have acquainted me with the ability to realize the prevalence of opportunities in the UK market, and the extent at which young graduates are able to land their desired job too. Part C Conclusion and identification of the next step Contextually, the adoption of professionalism has served as a helpful aspect to me in the development of relevant skills and abilities. I seek to embark on professionalism, which entails a whole range of attributes that as a graduate I should strive to develop in the career path. Professionalism is the ideal and provident approach, which may lead graduates to achieving their immediate and projected careers. As an aspect of personal responsibility, professional competence acquaints graduates with the advantage of displaying ethics, skills, integrity, and competencies. Professionalism seems to be the determinant of employability of graduates after the completion of their course. Graduate professionalism further embraces the ability to adhere to time management and respect the underlying schedules in all corporations present in the market (Jabko and Parsons, 2005, p, 93). The attribute helped me learn the ideals of meeting deadlines while still showcasing the desired competence. Individuals with any intentions of being finance professionals should possess the capacity to manage their time effectively. I learnt that as a graduate seeking employment in the UK market, effective time management proves to be a challenge. However, the ability to manage time restates my commitment to remain focused and upholding the resourcefulness of time. A good time plan designing can help a person stay in good control of time. The strategy further helps in alleviating stress, which emanates from tight deadlines in the case of heavy workloads. Proficiency in technical applications is of vital importance and as an aspect marketing ones financial competency the graduates’ population shall be able to challenge any negative consequences from hindering their successes. The classes attended by the graduates and the acquired experiential learning opportunities have implicated proficiency in securing employment opportunities. Confidently, I am certain that I do possess considerable experience in the technical skills. Having pursued finance-related studies, I am sufficiently versed with all the required knowledge required for application in different financial sectors. The daily usage of relevant study materials and the passion of being a financial advisor in the economy made my professional lessons in this course turn out to be more interesting than expected. The ranges of professions present assignment opportunities to acquire competence in delivering financial services in different corporations present in the UK market. The essay has presented the fundamental approaches for evaluating the extent at which graduates bear the ability to secure employments on the UK market. Bibliography Bowyer, J, and Martinelli, S, 2004, Organisational Management T-Kit, Strasbourg, Council of Europe. Buzzetto-More, N, A, 2010, E-Portfolio Paradigm: Informing, Educating, Assessing, and Managing With E-Portforlios, Santa Clara, Informing Science Press. Duckworth, V, andTummons, J, 2010, Contemporary Issues in Lifelong Learning, Maidenhead, Open University Press. Eade, D, and Sayer, J, 2006, Development and the Private Sector: Consuming Interests, Bloomfield, Ct, Kumarian Press, Gold, J, Thorpe, R, and Mumford, A, 2010, Gower Handbook of Leadership and Management Development, Burlington, Gower. Great Britain, 2012, British Foreign Policy and the "Arab Spring": Second Report of Session 2012-13: Report, Together With Formal Minutes, Oral and Written Evidence, London, Stationery Office. Hager, P, J, and Holland, S, 2006, Graduate Attributes, Learning and Employability, Dordrecht, Netherlands, Springer. Hatum, A, 2010, Next Generation Talent Management: Talent Management to Survive Turmoil, Houndmills, Basingstoke, Hampshire, Palgrave Macmillan. Jabko, N, and Parsons, C, 2005, With Us or Against Us: European Trends in American Perspective, Oxford, Oxford University Press. Kennett, P, 2008, Governance, Globalization and Public Policy, Cheltenham, UK, Edward Elgar, Organisation for Economic Co-Operation and Development Staff, 2009, Oecd Economic Outlook, Volume 2009 Issue 1, Washington, Organization for Economic Cooperation & Development. Rao, M, 2010, Soft Skills: Enhancing Employability: Connecting Campus with Corporate, I. K. Publishing, New Delhi. Schomburg, H, and Teichler, U, 2011, Employability and Mobility of Bachelor Graduates in Europe: Key Results of the Bologna Process, Sense, Rotterdam. United States, 2005, Foreign Operations, Export Financing, and Related Programs Appropriations for 2006: Hearings before a Subcommittee of the Committee on Appropriations, House of Representatives, One Hundred Ninth Congress, and First Session, Washington, U.S.G.P.O. Yaeger, T, F, and Sorensen, P, F, 2009, Strategic Organization Development: Managing Change for Success,Information Age Pub, Charlotte. Read More