Guided competency development

Guided competency development is a structured and formal form of training people in an organization. This form of learning is done through online programs or pre-set lectures developed by a development vision and training in that particular company. The programs designed for training are rudimentary and help the person get the basic skills essential for… Continue reading Guided competency development

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Discount window and Discount rate

Discount window and Discount rate Discount window and Discount rate play an essential role in supporting the liquidity and stability of the banking system and the effective implementation of monetary policy. Analysis The discount window provides ready access funding, which helps depository institutions manage their liquidity risks efficiently and avoid actions that negatively affect their… Continue reading Discount window and Discount rate

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local unions in New York City

By the 1990s, local unions in New York City dedicated their efforts towards immigrant employees’ welfare; hankering for diversity and inclusion. It is during this period that UNITE was formed, to represent a majority of immigrants such as Mexicans and other minority groups, including African Americans. Even though the emerging unions were not part of… Continue reading local unions in New York City

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The unions in New York City

The unions in New York City have collectively represented the needs of the diverse workforce, which contributes to increased membership. According to Milkman (2012), the recent increase of immigrants to New York’s workforce has triggered the transformation. A significant number of low-skilled immigrants have infiltrated the hospitality industry, specifically in restaurants and taxi drivers; a… Continue reading The unions in New York City

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New York’s Local 6 an ideal case

New York’s Local 6 is an ideal case of a union that embraces diversity and bargaining for the rights of its members; negotiating the protection and benefits amid the coronavirus global pandemic. Notably, the union which is part of New York’s Hotel Trades Council, bargains for long-term contracts, thus protecting members even during an economic… Continue reading New York’s Local 6 an ideal case

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The Federal Reserve Bank

T he Tools used by the Federal Reserve Bank to Maintain Monetary Policy Goals Facts The Federal Reserve Bank utilizes tools such as the discount rate, open market operations, interest on reserves and reserve requirements to control money circulation in the banking system. The interest rate imposed on banks by the Federal Reserve is called… Continue reading The Federal Reserve Bank

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The interests of the American workforce

The American government is awash with unions that are designed to protect the interests of the American workforce. Local 6’s members are primarily immigrants organized in 67 diverse languages; enhancing their impressive bargaining power with the local government (Richman, 2012). Furthermore, the union has been at the forefront to advocate for diversity and inclusion in unions… Continue reading The interests of the American workforce

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