Friday, February 21, 2020

In what ways does language shape our understanding of money and the Essay

In what ways does language shape our understanding of money and the economy - Essay Example When people speak about the future, they speak as if the future is more distinct from the past and feels distant. People get less motivated to save their money now in favor of the comfort of monetary value in future years (Holmes, 2009). Speaking a language that has no obligatory future markers such as Mandarin tend to stimulates people to accumulate more retirement assets. The national savings rates of a country are adversely affected by language. A country with smaller proportion of people speaking languages that does not have obligatory future markers tend to increases the rates of national savings. Evidence from research suggests that a person’s vernacular shapes the way he or she thinks about the various aspects of the real world, space and time. This has broad implications in the spheres of economics, politics and law (Reed 2009). Language structure affects our judgments and decisions concerning the future and this may have remarkable long-term consequences. From an economic point of view, people’s rates of savings are affected by various factors such as their income, age, education level, religious affiliation, their cultural values and their countries’ legal systems. Even though after all those factors were accounted for, language effect on the people’s savings rates turned out to be tremendous. Spoken language like English has obligatory future markers making people about 30 percent less likely to save money for the future use. People often counter certain economic policies as they disapprove on moral grounds of the assumptions on which they think the policies rest but not because they have been or would be economically hurt by such policies without even carefully calculating views about their economic worth (Reed 2009). There are over 7,000 languages spoken all over the world, which exhibit tremendous variance. Research has shown that language from verb tenses to gender to metaphors usually

Wednesday, February 5, 2020

Strategic Human Resource Management Essay Example | Topics and Well Written Essays - 3000 words - 3

Strategic Human Resource Management - Essay Example According to the paper  performance related pay system is considered as financial incentives offered to the employees, presenting high-level of performance and efficiency in competing the assigned tasks and duties. As a result of presentation of these rewards, the level of motivation and inner skills of the employees enhances to a significant extent that increases its effectiveness. Therefore, due to the presentation of high-ended performance, the productivity and corporate image of the organization increases in the market as compared to many other rival players. Along with this, the supremacy and ranking of the organization increases in the market thereby reducing the threat of new entrants or substitute products. This is extremely essential for an organization to retain its portfolio in this competitive market for a long period of time.From this discussion it is clear that  performance related pay systems or rewards are a sort of incentives offered by the management to its empl oyees in order to retain them for longer period of time. By doing so, the level of productivity and profitability of the organization might get enhanced resulting in amplification of its dominance in the market among others. It may be of two types such as monetary and non-monetary incentives.  Monetary incentives are of varied types such as bonuses, incentives, pension schemes, profit sharing, team awards, ownership, gain-sharing, salary supplements, improvement of job stabilities etc.