Saturday, February 15, 2020

The New Employee Orientation Assignment Example | Topics and Well Written Essays - 250 words

The New Employee Orientation - Assignment Example The fright of the newness often make one coil and feel withdrawn, yet at the same time there is the joy of joining a new workforce. Just like embracing what a new day presents, a new employee must seek to embrace the cultural climate in the new work environment before he/she can criticize or become judgmental like in the case presented by Schein (2009). The author presents a case of a CEO (Chief Executive Officer) who became judgmental few days after being posted into a new environment. The surest way of learning a particular corporate culture is by understanding one’s role and how that role fits into the whole organization (Lawson, 2006). Embracing the organization culture involves getting to understand the organization’s mission, objectives, policies and structure (Schein, 2009). The various challenges that come with each new day are like the giants in the â€Å"Giant Tales† which are there not stop one from sojourning ahead but they present a venue for growth and innovation (Cromie, 2008). Notably, the presented opportunities evoke every creative spirit as well as create the good working environment rich with experiences of others to learn from (Baek, 2006). It is worth noting that the success of one in the new environment is basically pegged on the willingness of the new individual to learn and so embrace the new work

Sunday, February 2, 2020

Check processing before check 21 legislation Term Paper

Check processing before check 21 legislation - Term Paper Example k 21 legislation, previous law was made in a way that banks were forced to accept â€Å"Presentment† that was a unique check made of paper before transferring funds to other accounts. The old Check processing system was exceedingly slow comparing to the electronic system and customers had to wait for their Check clearance for two to three days (Bauer and Gerdes). The check clearing process before legislation 21 was complicated as it requires Federal Reserve to receive Checks from banks where they have been deposited, sort them in an organized manner, adding the amount of payment for deposited banks and delivering Checks from where there were drawn. This was the main source of income for Federal processing as forward items used to generate profits. Before legislation 21, paper Check accounted for more than 60% of the noncash payment in the year 2000. The Federal Reserve System used to process large number of paper Checks physically, but even before the emergence of legislation 21, the paper Check processing was declining because of its complications. The customers used to face different types of problems before this legislation, and they were not properly secured against unauthorized payments of paper Checks (Wheelock and Wilson). This legislation brought new measures of safety that the previous system was unable to implement. There was a fra ud case for Hauser Contracting Co. in which a thief obtained Check of stock that was used for paying employees. He made many Checks of payroll and withdrawal more than $24,000. These types of fraud were particularly common when paper Checks was used by the banks (Abagnale). The banks previously were not used to give any canceled Checks back to the customer, and they were only able to see the documents of Checks that were paid. Another disadvantage of the previous system was that banks were not able to processed claims made for paper Checks and they used to take more time for investigation. The electronic Check system after