Business Casual Dress Code Of The Workplace - 1569 Words

Business casual dress code in the workplace is becoming increasingly standard. The effect on job performance has not been made aware of whether casual dress has any effect at all. There are benefits to wearing casual clothing in the workplace, such as good morale, open communication between managers and employees, and a lack of cost to the employer (Gutierrez Freese, 1999, p. 35-36). It all depends on the companies you work for and what they consider as business casual or if they meet with the public on a daily basis will affect the dress code. Culture also plays a big factor in the dress code at the companies. A dress code policy that may demand business attire may affect the company especially if you are in an industry that has a casual dress code. An employee should be able to come off as a professional without having to dress like one† (McPherson, 1997, p. 146). Business casual dress code should be the norm for all organizations because it shows balance as a compa ny as well as setting certain guidelines to know what is appropriate for work. Also, it is based on the nature of the business that you are in and this determines the norm for the organizations. The trend of the casual dress has diverse origins. It is easy to dress men on business casual, but women are more complicated when it comes to what women prefer as business casual wear. If a business casual dress code exists, employees will appreciate knowing the expectations from the company. EmployeesShow MoreRelatedDress Code And Dress Codes1565 Words   |  7 Pagescomes to dress code, every individual has a different viewpoint for its implementation. There are clothes that could be fashionable to one person but seen as offensive to another. A dress code can be justifiable when put into a situation that really does require certain attire to be worn. It gives a sense of formality and distinguishes an individual apart from a group. This report seeks to compare and contrast the charac teristics of school dress codes with that of dress codes in the workplace. We formRead More How are nonverbal signals sent by casual dress in the workplace?1139 Words   |  5 Pagessent by casual dress in the workplace? Business Communication Apr 11, 2005 How are nonverbal signals sent by casual dress in the workplace? The phenomenon of casual dress in the business place has come full circle. Many companies are now moving away from casual dress. Many business leaders have come to realize that the nonverbal signals sent by casual dress, conflict with the image the company is attempting to portray. A trend that was seeing more and more companies opting for casual dress, now hasRead More Appearance Essays1475 Words   |  6 Pagesbelieve, how we dress or present ourselves conveys who we are and how we may be, regardless of whether it is correct or not. Appearance can be equally important as knowledge in the field when it comes to the workplace. Every day we are told to dress the part, to convey the proper message but what part are we exactly dressing for and what are we trying to convey? This idea is commonly confusing as jobs nowadays are now becoming more lenient with what is tolerated or acceptable for dress codes in the workplaceRead MoreWomen s Rights And Freedoms1561 Words   |  7 Pagesworld is dress codes which single out women. Dress codes being applied in schools have lead to grounds of gender inequality and are mainly implemented towards girls. Under the Charter of Rights and Freedoms it is stated that women should obtain all forms of equality, be it home, street or workplace but most cases show that main biases towards women are coming from their workplaces as they are expected to follow a certain dress code. Another form of sexism targeted towards women worldwide is dress codesRead MoreEmcycle Case Study799 Words   |  4 Pagesmaking it clear that this is not me â€Å"bagging† on her but instead it is constructive criticism to aid her in improving not just her communication but also the workplace in many ways. First, I would affirm the proper place, time, and circumstances in which to talk to her. Then, I would let her know that it is not just me or others in the workplace that feel this way, but a large group of people who do. Then I would affirm with h er that many of us struggle with communication issues and that I want to helpRead MoreCase Analysis : Employee Handbook1415 Words   |  6 Pagesstrive to give superior coverage at cost effective rates while providing excellent customer service to our members. The employee handbook is a reference tool for all employees as a guide on company standards and procedures as well as expectations of codes of conduct. Any questions about the information provided in the employee handbook should be directed to your supervisor or to a member of the Human Resources Management team. Standards and Procedures Prohibition of Harassment Company X compliesRead MoreEssay about Professional Dress Code in the Workplace1690 Words   |  7 PagesProfessional Dress Code in the Workplace Rosaura P Bernal EN 306 – Nadia H Morales Park University The first impression is a lasting impression whether it is at the office, a party, a lunch date or an interview. What you wear to these events can be either a positive impression or a negative one. That is why I think it is very necessary to have a professional dress code in the workplace if your place of employment is that of a professional setting such as a bank or even an insurance companyRead MoreStrategies Of Human Resources Management2940 Words   |  12 PagesSamuel D. Lynn Strategies of Human Resources Management (MGMT 5309) Wayland Baptist University Virtual Campus Dr. Barry Evans February 8, 2015 â€Æ' Abstract Five days after graduating highschool, I left my hometown for the United States Navy. The dress code was simple: hair needed to be cut a certain way, creases in my uniforms were to be exact, mandatory clean shaven face and my medals/ribbons needed to be in their proper place and perfectly aligned to standards. Once I retired, reality set it whenRead MoreProposed Dress Code For The National Basketball League Essay1280 Words   |  6 Pages The case study in question relates to a proposed dress code for the players in the National Basketball League (NBL). Dress code requirements must not discriminate against members of protected groups as outlined in Title VII of the Civil Rights Act of 1964. In order to adequately analyze this issue, we must look at possible areas of discrimination including religious, racial, gender and disability discrimination. In this particular case the players are claiming racial discrimination against theRead MoreCompany X Ethics Program : Standards And Proce dures2008 Words   |  9 PagesCompany X Ethics Program Standards and Procedures Dress Code: Company X requires business casual dress Monday through Thursday each week. Appropriate dress Monday through Friday includes slacks, khakis, corduroys, skirts or dresses no more than 3† above the knee, capris, polo collar knit or golf shirts, short-sleeve blouses or shirts, oxford shirts, jackets or sweaters, turtlenecks, company logo wear, sport coats, blazers, dress shoes, moccasins, casual heels, open-back shoes. Inappropriate items Monday

Persuasive Essay On Growing Up - 1829 Words

From the day you are born, to the day you die, society applies pressure to who you think you should be. Growing older does not free you from all the expectations of your youth, and sometimes, wisdom and freedom do not come with age. Throughout your entire life, you will be told what you should look like and what you should enjoy doing. Growing up comes with restrictions; more responsibility, sometimes less stability and a whole new set of expectations for how you should look. You lose the freedom to dream and explore yourself due to the expectations of others. It can also come with wisdom, friendship and maybe even love. Kids are told to figure out who they are as people when they are only young, but they have a long life ahead of them to†¦show more content†¦Long grey hair and a beard are not things associated with being a baby. Babies are small with no teeth, they giggle at nothing and always look happy. Once you become a teen, acne is everywhere, hair is dyed a horrid col or and your clothing decisions can be debatable. Adults are put together, old people look peaceful, heaven forbid someone over the age of 18 has pink hair! What is the point in living your life, if you cannot be yourself? Life should come with freedom instead of constrictions. It does not matter how old you are, looking a certain way is not exclusive to any age group. Since you were young, you have likely heard adults say, â€Å"Teenagers are lazy,† or â€Å"Wisdom comes with age.† These statements generalize people, making it seem wrong to be an old person who is not the smartest or a hard-working teenager. Consequently, humans tend to conform to these clichà ©s, because they may become ridiculed if choosing to remain astray. Benjamin is anything but expected, and his behaviors are not always of typical kids. He eventually tries to fit in, like most people do and acts immaturely. 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Analysis Of The Three Financial Models Free Essays

Introduction Bankruptcy refers to the state of an individual who is unable to pay his or her debts and against whom a bankruptcy order has been made by a court. Such orders deprive bankrupts of their property, which is then used to pay their debts. Bankruptcy proceedings are started by a petition, which may be presented to the court by (1) a creditor or creditors; (2) a person affected by a voluntary arrangement to pay debts set up by the debtor under the Insolvency Act 1986; (3) the Director of Public Prosecutions; or (4) the debtor. We will write a custom essay sample on Analysis Of The Three Financial Models or any similar topic only for you Order Now (Smullen and Hand, 2003). If we assume that a corporation is a separate legal entity thus qualifying as a legal person, we can adopt the above definition to define bankruptcy in the context of the corporation or corporate bankruptcy as the state of a corporation that is unable to pay its debts and against which bankruptcy order has been made by a court. (Smullen and Hand, 2003). Analysis of the models for predicting bankruptcy. There are three main approaches to predicting bankruptcy which include: accounting analytical approach, option theoretical approach and the statistical approach. Becchetti and Sierra (2002: p. 2100).   Under the statistical approach corporate failure risk is analyzed through four widely known methods which make use of balance sheet ratios: linear or quadratic discriminate analysis, logistic regression analysis, probit regression analysis and neural network analysis. For the purposes of this paper we will limit our analysis to three basic financial models, which include the Z-Score model, the discriminant model and the Black-Scholes-Merton Probability. We also describe the application of these models in corporations. 1. The Z-Score Bankruptcy Prediction Model The Z-score prediction model was developed by Altman in 1968. (Grice and Ingram, 2001: p. 53). The Z-score model applies multivariate discriminant analysis (MDA) and employs financial ratios as input variables to predict financial distress. (Tzeng et al, 2007: p. 297). According to Grice and Ingram (2001: p. 53), Altman (1968) used a sample of 33 non-bankrupt manufacturing firms from 1946-1965. Grice and Ingram (2001) assert that despite the fact that the z-score model exhibit high accuracy rates using both estimation and hold-out samples, (95% and 84%), its generalizability to industries and periods outside of those in the original sample has received little attention. This model has be widely used in a variety of industries to evaluate financial conditions of firms and it is continuously being used in many business situations including bankruptcy prediction and other financial stress conditions. Grice and Ingram (2001) carried out a test on the z-score model based three basic tests which include the model’s ability to predict bankruptcy today as opposed to periods in which it was developed, the usefulness of the model in predicting bankruptcy in non-manufacturing as well as manufacturing firms and its ability to predict bankruptcy in financial stress conditions other than bankruptcy. Their findings show that although the model is useful in predicting bankruptcy as well as other financial conditions, the models accuracy is significantly lower in recent periods than that reported in the original work by Altman (1968).Grice and Ingram (2001) also find significant differences in the model’s coefficients from those reported by Altman. Based on these findings, Grice and Ingram (2001) suggest that better accuracy can be achieved by re-estimating the model coefficients using estimation from periods close to test periods. In addition Grice and Altman (2001) find that the including non-manufacturing firms in the sample, further weakens the accuracy of the model. 1.1 Application of the Z-Score model Commercial banks use the model as part of the periodic loan review process; investment bankers use the model in security and portfolio analysis. It has been employed as a management decision tool and as an analysis tool by auditors to assess their clients’ abilities to continue as going concerns (Grice and Ingram, 2001: p. 53). 2. The Black-Scholes-Merton Model. According to Reisz and Perlich (2007) following from Black and Scholes (1973) and Merton (1974), the common stock of a firm can be seen as a standard call option on the underlying assets of the firm. It is assumed that shareholders have sold the corporation to creditors, and hold the option of buying it back by paying face value (plus interest) of their debt obligations. (Reisz and Perlich, 2007: p. 2). On the other hand, using put/call parity, we can see shareholders as holding the firm’s assets (bought after borrowing money from creditors) as well as a put option with exercise price equal to the face value equal to value of debt. (Reisz and Perlich, 2007: p. 2). In the event where the where the firm value is below the exercise price, that is, where the price of the firm is below the face value of the debt at maturity, shareholders can freely work walk away without repaying their debt obligations. (Reisz and Perlich, 2007: p. 2). This is similar to selling the firm to the bondholers at the face value of the debt. (Reisz and Perlich, 2007: p. 2). Reisz and Perlich, (2007: p. 2) asserts that such an equity-based valuation model can lead to better bankruptcy predictions. In a study by Hillegeist et al. (2004), it was found that the probabilities of bankruptcy backed out from the a Black-Scholes-Merton structural model are up to 14 times more informative that ones inferred from accounting-based statistics such as the Altman (1968) Z-score. (Reisz and Perlich, 2007: p. 2). However despite the merits of this Black-Scholes-Merton model, it does not provide any rationale for observed managerial (bounded) risk choices. (Reisz and Perlich, 2007: p. 3). In addition, probabilities of default (PDs) coming from this framework are miscalibrated. (Reisz and Perlich, 2007: p. 3). 3. The Mutiple Discriminant Model Multiple discriminant analysis (MDA) is a statistical technique employed in the classification of an observation into one of several a priori groupings, dependent upon the observation’s individual characteristics. It is primarily useful in the classification and/or prediction in problems where the dependent variable appears in qualitative form for example, male or female, bankrupt or non-bankrupt. Therefore the first step is to establish explicit group classifications. The number of original groupings may be two or more. The MDA model is advantageous in that it considers the entire profile of characteristics common to the relevant firms, as well as the interaction of these properties. Conversely, a univariate study can only consider the measurement used for grouping assignments one at a time. Another important advantage of the MDA model is the reduction of the analyst’s space dimensionality.   When analysing a comprehensive list of financial ratios in assessing a firm’s bankruptcy potential, there is reason to believe that some of the measurements will have a high degree of collinearity or correlation with each other. (Altman, 1968). 3.1 Application of Multiple Discriminant Model Following its first application in the 1930s, the MDA model has been used in many studies and disciplines. In its earlier days it was used only in Biology and behavioural sciences. Today, the model has been applied successfully in financial problems such as credit evaluation and investment classification. For example, Walter made use of the model to classify high and low price earnings ratio firms, and Smith applied the model in the classification of firms into standard investment categories. BIBLIOGRAPHY A market-based framework for bankruptcy prediction. Alexander S. Reisz and Claudia Perlich. Journal of Financial Stability, 2007, Pages 1-47.  A real-valued genetic algorithm to optimize the parameters of support vector machine for predicting bankruptcy. Chih-Hung Wu Gwo-Hshiung Tzeng Yeong-Jia Goo   Wen-Chang Fang. Expert Systems with Applications Volume 32, 2007 Pages 397–408  Ã¢â‚¬Å"Bankruptcy†Ã‚  Ã‚  A Dictionary of Finance and Banking. John Smullen and Nicholas Hand. Oxford University Press 2005. Oxford Reference Online. Oxford University Press.   Ã‚  http://www.oxfordreference.com/views/ENTRY.html?subview=Mainentry=t20.e278 Bankruptcy risk and productive efficiency in manufacturing firms. Leonardo Becchetti and Jaime Sierra Journal of Banking Finance,  Volume 27, Issue 11,  November 2003,  Pages 2099-2120 Tests of the generalizability of Altman’s bankruptcy prediction model. John Stephen Grice and Robert W. Ingram. Journal of Business Research Volume 54, 2001 Pages 53-61. Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy. Edward I Altman. Journal of Finance, Volume 27, Issue 4, September 1968, Pages 589-689. How to cite Analysis Of The Three Financial Models, Essay examples