Group Case Study

Group Case Study Group Case Study Abstract Our group’s name is â€Å"Graceful Youth Group†. We started the group last year with other two members because of having a common goal to achieve. We acquired other members from the community after them agreeing to work upon the goal and the objectives of the group. Having leadership qualities was one of the regulation upon which we acquired new members. The members of the group also agreed to work with a cordial relationship to avoid unnecessary conflicts that may arise. After the formation of the group, which consisted of fifteen individualities, we conducted a walk across the community to ensure that every member of the group had a prior knowledge of the community as a whole. Introduction In our community, there has been a vast exhibition of soil erosion, with its impact on the people of the community far reaching. Therefore, as the members residing in the community, this triggered us to form a group, which could see us addressing the problem of soil erosion. In the process of establishing our goals, we realized that there were other problems hindering development in our community. We decided that the group was to be there for any problem that may hinder development in our community. Type of group Neither was the group established on the grounds of gender discrimination, nor was it based on age discrimination. Guarantee for membership was there for any focused member of the society: be it a girl or a boy, old or young. Being that our group’s objectives were a beat many, we had to consider having twenty members in our group (Hardina, D., 2006). Our goals Our group formation was mainly steered by the motives of a better community. Therefore, our main goal in forming the group was to see that there was a greater deal of development in the community. The members, having their community in mind, agreed unanimously that developing the community was there goal. Role of individual members Every member has a role to play in ensuring that there is achievement of group’s goals. Each member is like a brother’s keeper. They give counseling to members who seem to be going astray as per the group’s objectives. They also ensure that every member is present at any group’s meeting even though we still experience some cases of individuals coming late for the meetings. Leadership style The group members designed the leadership style of in such a way that every member feels that he is a leader. Leadership position goes in cycle around a group of four, considering gender and age. The group leads for one month then another group of four takes their shift for another month. We found this suitable because every member has his own leadership quality, therefore leadership going in cycle helps in having diversity of opinions. Integrating the different leadership qualities lead to a positive outcome. This also helps do away with the problem of discrimination based on gender or age. Management of conflicts Conflict is inevitable among human so we sited some possible solution for management of conflict whenever they arise. Members are ready to treat every conflict that arises in the group in a special way. Conflict mainly arises when group members differ in their opinions. Therefore, as a group we have resolved that when there is a meeting everybody should have their chances in raising their opinions. Members then find a way of integrating the points so that every member feels part of the opinion. With members having the brotherly feeling towards one another, it is not easy to find members fighting among themselves (Rahim Afzalur, 2011). Conclusion Focus of the members on achieving their goals, is a clear indication that the group will never show any kind of resentment. They exhibit the spirit of togetherness in their work, which eventually will see them through in achieving their goals. The result will be more different if the members of the group do not address factors, like lateness. For the group to continue being successful, I propose that they include development of other nearing communities in their goal. This will help them to be more focused and in achieving their goals in wider area.

Atlanta Home

Atlanta Home Loan Case 1. )Types of controls Al Fiorni used: Action Controls: -By not letting Wilbur sign the checks he administered an administrative constraint on him. This allowed for Al to approve the outflow of cash from his company. -Al was smart to forward the corporate mail to California because it allowed him to have an idea of the overhead expenses the company was incurring. -Although Al was not monitoring the day to day operations of the company he monitored tracked the employee head count, number of leads, credit inquiries, loan applications funded expenses and bank activity. By monitoring these actions Al can hold employees accountable for desired actions or undesired actions. 2) What went wrong? A lot went wrong. Even the controls that Al implemented above he left loopholes which weakened them significantly. Even though he would not let Wilbur sign the checks he left four unsigned checks with Letitia which in turn defeated the purpose of him not allowing Wilbur to sign the checks. In this case, he did use the right action control but he failed to implement it properly. When Al monitored the day to day operations of the company from afar he was doing the right thing but he also did not implement it efficiently. Al should have communicated to all the employees how he was monitoring their actions. Not only to catch wrongdoings but also to reward the employees for exceptional work. This would have prevented undesirable actions if employees would know that they would be held accountable for their actions. This would have also spurred good behavior if they knew there was a reward for such behavior. Al Fiorni did not properly set up personal and cultural controls. I believe his biggest mistake was not preparing his company for his departure in a timely manner. Because he was in such a rush to get to California he was not able to ensure the personal control of employee selection and placement. Al should have devoted a considerable amount of time to finding the right person to do the job and give them the necessary resources and training to be successful.

Oliver Stone films representing the war Research Paper

Oliver Stone films representing the war - Research Paper Example 1. JFK: This film portrays the events leading to the unfortunate assassination of President Kennedy. It is assumed that this film is based on two books from other authors exploring the same issue. But while the books attracted acclaim, Stone’s JFK instantly got slathered with harsh criticism. Furious historians and critics argued that Stone’s carefree attitude with important historical facts contributed to creation of a highly twisted picture. However, the way JFK later gained confidence and amassed many Academy nominations raises embarrassing questions about the angry criticism published in American newspapers upon the movie’s release. The way Jim Garrison in JFK investigates the assassination from a completely different perspective implying an infamous scheme within the government responsible for Kennedy’s death actually ended up interesting people far more than any book ever did written on the same subject. In fact, the magnitude of excitement felt by people who read books is dwarfed by the magnitude of thrilling suspense experienced by people who viewed the movie, in reference to how the picture reveals different ways by which powerful people use authority to manipulate events (Rendall). The fact that movies can speak louder than words is made emphatic by the way historical events are intelligently portrayed in JFK.

Macroeconomics. Monetary policy Essay Example | Topics and Well Written Essays - 1500 words

Macroeconomics. Monetary policy - Essay Example In this formulation u* is the unique unemployment rate where inflation is stable. This Phillips curve has the property that inflation rises (the price level accelerates) when u is below u*: since actual inflation exceeds expected inflation, with adaptive expectations, inflation expectations rise over time and are factored into wage and price setting. In contrast, when unemployment exceeds the natural rate, actual inflation falls short of expected inflation, so inflation declines over time as expectations adjust downward toward reality. With chronic high unemployment, deflation is inevitable (Yellen and Akerlof 2005, p.2). According to Yellen and Akerlof, stabilization policy can significantly reduce average levels of unemployment by providing stimulus to demand in circumstances where unemployment is high but underutilisation of labour and capital does little to lower inflation. A monetary policy that vigorously fights high unemployment should, however, also be complemented by a policy that equally vigorously fights inflation when it rises above a modest target level. In their survey, Yellen and Akerlof conclude that there is a solid case for stabilization policy and that there are especially strong reasons for central banks to accord it priority in the current era of low inflation. With a nonlinear short-run Phillips curve, stabilization policy reduces average levels of joblessness and raises average output by a nontrivial amount. A nonlinear relationship between unemployment and social welfare may reflect the increasing incidence of long-duration unemployment spells as aggregate unemployment rises, the diminishing benefits associated with additional job creation as unemployment falls (2004, p.31). On Charles Bean's discussion of stabilization policy, Stanley Fischer comments the following on Bean's analysis the implications of the nonlinearity of the Phillips curve: a one percentage point reduction in an already low unemployment rate will push up inflation more than a one percentage point increase in a higher unemployment rate will reduce inflation. How should this affect policy Fischer cites that Bean's analysis shows that in the presence of a nonlinear tradeoff, the authorities should aim for a higher unemployment rate than the natural rate, because a positive shock that reduces unemployment will have a larger effect on inflation than a negative shock of the same size. Yellen and Akerlof go on that a Phillips curve that is not always accelerationist provides a further, important reason for central banks to pursue stabilization as an objective. The traditional accelerationist Phillips curve captures the following truth on inflation: when product and labour markets are tight, as typically occurs when unemployment is low, prices and wages both tend to increase. This

King Lear Essay - Age versus Youth; Good versus Evil; Vision and Blindness :: King Lear essays

Themes of Age versus Youth; Good versus evil; Vision and Blindness; and Fortune in King Lear "The theme of King Lear may be stated in psychological as well as biological terms. So put, it is the destructive, the ultimately suicidal character of unregulated passion, its power to carry human nature back to chaos.... The predestined end of unmastered passion is the suicide of the species. That is the gospel according to King Lear. The play is in no small measure an actual representation of that process. The murder-suicide of Regan-Goneril is an example. But it is more than a picture of chaos and impending doom. What is the remedy for chaos? it asks. What can avert the doom? The characters who have mastered their passions give us a glimpse of the answer to those questions." -Harold C. Goddard, The Meaning of Shakespeare, 1951 Good King, that must approve the common saw, Thou out of heavens benediction com'st To the warm sun Approach, thou beacon to this under globe, That by thy comfortable beams I may Peruse this letter. Nothing almost sees miracles But misery. I know 'tis from Cordelia Who hath most fortunately been informed Of my obscured course, and shall find time From this enormous state, seeking to give Losses their remedies. All weary and o'erwatched, Take vantage heavy eyes, not to behold This shameful lodging. Fortune, goodnight. Smile once more; turn thy wheel. Shakespeare's tragedy, King Lear, is often thought of as not only one of Shakespeare's best works, but also one of his best "poems". The language follows in Shakespeare's trademark format using iambic pentameter in much of the play. Shakespeare's It is well known for its many universal themes. Some of these themes are: Dealing with he folly of old age and the ingratitude of youth; Good versus evil; Nature; Vision and blindness; and Fortune. These themes have been examined for hundreds of years in many different forums, but what makes this play so unique is the fact that Shakespeare incorporates all of these issues in just one tale. One character that examines some of these issues is a character named Kent. Kent is a significant character in King Lear, as he is involved from the beginning to the end. King Lear Essay - Age versus Youth; Good versus Evil; Vision and Blindness :: King Lear essays Themes of Age versus Youth; Good versus evil; Vision and Blindness; and Fortune in King Lear "The theme of King Lear may be stated in psychological as well as biological terms. So put, it is the destructive, the ultimately suicidal character of unregulated passion, its power to carry human nature back to chaos.... The predestined end of unmastered passion is the suicide of the species. That is the gospel according to King Lear. The play is in no small measure an actual representation of that process. The murder-suicide of Regan-Goneril is an example. But it is more than a picture of chaos and impending doom. What is the remedy for chaos? it asks. What can avert the doom? The characters who have mastered their passions give us a glimpse of the answer to those questions." -Harold C. Goddard, The Meaning of Shakespeare, 1951 Good King, that must approve the common saw, Thou out of heavens benediction com'st To the warm sun Approach, thou beacon to this under globe, That by thy comfortable beams I may Peruse this letter. Nothing almost sees miracles But misery. I know 'tis from Cordelia Who hath most fortunately been informed Of my obscured course, and shall find time From this enormous state, seeking to give Losses their remedies. All weary and o'erwatched, Take vantage heavy eyes, not to behold This shameful lodging. Fortune, goodnight. Smile once more; turn thy wheel. Shakespeare's tragedy, King Lear, is often thought of as not only one of Shakespeare's best works, but also one of his best "poems". The language follows in Shakespeare's trademark format using iambic pentameter in much of the play. Shakespeare's It is well known for its many universal themes. Some of these themes are: Dealing with he folly of old age and the ingratitude of youth; Good versus evil; Nature; Vision and blindness; and Fortune. These themes have been examined for hundreds of years in many different forums, but what makes this play so unique is the fact that Shakespeare incorporates all of these issues in just one tale. One character that examines some of these issues is a character named Kent. Kent is a significant character in King Lear, as he is involved from the beginning to the end.

M.A. English

Each course British Poetry British Drama British Novel Aspects of Language will comprise one assignment of 100 marks. This assignment be tutor marked. Aims: The TMAs are conceffred rrainly with assessing your application and understanding of the course material. You are not required to reproduce chunks of information from the course material but to use the skills of critical appreciation that you may have acquired during the course of study. These assignments airn to teach as well as to assess your performance.Please ensure that you read the texts and the ccompanying study guides that we have prepared for you. Let rne repeat: you must read all the texts prescribed. Do make points as you go along. It there is anything you do not understand, please ask your Counsellor at the Study Centre for clarification. Once you are able to do the assignments satisfactorily, you will be ready to take the exam Nith confidence. Instructions: Before attclnpting the assignment please read the following instructions carefully. 2 3 Read the detailed instructicns about the assignments given in the Programme Guide Elective Courses.Write your roll 1 ro. aflle, full address and date on the top right corner of the first page of your response sheet(s). Write the Course Title, Assignment Number and the Narne of the Study Centre you are attached to in the centre ofthe first page ofyour response sheet(s). The top of the first page of your response sheet should look like this: Use only foolscap size paper for your response and tag all the pages caref-ully. Write the relevant question nuinber with each answer.You should write in your own handwriting Submission: T'he completed assignment should be sent to the Coordinator of the Study Centre allotted to you ty 3tr† March, 2aL4 gar Juty 2013 Session) and 30'h Sept 201 i (for January 2014 Session). Please react the instructions given in the Programme Now read the following guidelines carefully before answering the questions. GUIDELINES FOR T MA You will find it useful to keep the following points in mind: 1. Planning: Read the assignment carefully. Make some points regarding each question and then rearrange these in a logical order.And please write the answers n your own words† Do not not reproduce passages from the units. 2. 0rganisation: Be a little more selective and analytic before drawing up a rough outline of your answer. In an essay-type question, give adequate attention to your introduction and conclusion. The introduction must offer your brief interpretation of the question and how you propose to develop it. The conclusion must summarize your response to the question. In the course of your answer, you may like to make references to other texts or critics as this will add some depth to your analysis.Make sure that your answer: ) is logical and coherent; b) has clear connections between sentences and paragraphs; c) is written correctly giving adequate consideration to your expression, style and presentation ; d) does not exceed the number of words indicated in your question. 3. Presentation: Once you are satisfied with your answers. you can write down the final version for submission, writing each answer neatly arid underlining the points you wish to emphasize. You may be aware that you need to submit your assignment hefore you can appear for the Term End Exams.Please remember to keep a copy of your completed ssignment, Just in case the one you submitted is lost in transit. Good luck with your work! Note: Remember the submission of ussignment is precondition of permission of appearing in examination. If you have not submitted the assignment in time you will not be allowed to appear in examination. MEG-OI: BRITISH POETRY Programme: MEG Max. Marks: 1 Ast code: MEG-OI ,TMA12013-1 4 In a conventional class your teacher would have discussed your assignment with you, pointed out what made a good essay and what a bad one. We have done exactly the same thing in Unit 52 of the British Poetry (M EG-OI) course.Read it carefully and discuss it with your counselor and class-fellows at the Study Centre. Thereafter decide upon a topic, i. e. a period or literary group in the history of British poetry. you may, if you wish, select a topic from the list given in sz. z. t (p. 70) in Block X. Alternatively, you could write on a British poet of your choice. you may write on a poet discussed in the units, i. e. on the syllabus, or even a poet we have not discussed in detail such as Robert Burns, G. M. Hopkins, R. S. Thomas, Ted Hughes or Seamus Heaney. You may have heard some of our lectures on The Movement, Philip Larkin nd Ted Hughes on the EduSat.It may now be available on e-gyankosh on wmw. ignou. ac. in You have yet another choice. Write an essay on a famous poem in English literature. Having decide upon your topic, do your research and then read section 36. 5 in Unit 36 in Block VIII for a model essay and a format for presentation. you may learn how to present your term paper/se ssional essay from 36. 5. You must not quote from unacknowledged sou rces. To sum up, write an essay on a period or a literarv group in British poetry or a British poet or a British poem in about 3000 words on the model provided in 36. (in unit 36).The full marks for the essay is 100. We look forward to reading your sessional essay. Sincerely yours Teacher MEG-02: BRITISH DRAMA (Based on Blocks 1-9) Programme Code: MEG Assignment code: N{EG-02 120 1 3-201 4 Maximum Marks: Answer the fbllowing questions in 300 words each. Discuss 2. the plot ot Dr. Faustus. l{ow would you rate A Mid,cummer Night's Dream 3. Clomment on the indecisive bent of mind of Hamlet. (10) 4. What features make Alchemisl an allegory? 5. How is Playboy relevant as a comedy? today? 6. Comment on Pygmalion as a Shavian play. 7. What fbatures make Murder in the Catherlral a poetic drama? 8.Conrnrent on the title of 9. Waiting. tttr Discuss the theme of Look Back in Anger. 10. Irrorn among the plays you have read cho ose any one that you have liked giving reasons lor your choice.Trace the development of modern English fiction with specific referenc6 to the major shifts in literary perspective during the nineteenth century. 20 2. Would it be correct to say that in Tom Jones, Fielding considers mariage to be a ere socio- economic arrangement under which women feel continuously suppressed?Discuss. 3. Discuss the metaphor of the web in the context of events and people relating to Bulstrode in Middlemarch. 4 Suggest the political and artistic implications ot placing the Orientalist paradigm. 5. How does Realism ftnd expression in ofl Passage to British fiction of the 1960s? Base your answer on your understanding of The Prime of Miss Jean Brodie. MEG. 04: ASPECTS OF LANGUAGE course code: All questions are compulsory Write short notes on any two of the following. Competence and performanceLangue and parole Conversion as a morphological device Falling tone and rising tone the conclusion India within sta ge. brietly the history ot language planning snowing clearly the tocus at each Give your own definiti* of language. What are the characteristics of human communication and how is it different from animal communication? 20 What is foregrounding? Discuss this in terms of deviant examples from your reading of literature. ‘Pick out your own examples; say how they are deviant, and what is the impact on the reader. What is the difference between pure vowels and diphthongs? How do you describe both?

Is There a Future for Occupational Pensions and how may they Change

Is There a Future for Occupational Pensions and how may they Change? Occupational Pensions Introduction Planning for the old age has been one of the worries of most individuals, more especially the employed. One of the elements of this planning is the pension. Generally, pension is an arrangement to provide individuals with earnings at the time when the have ceased getting regular employment income. It serves the same purpose as severance pay, but while pensions are paid in regular installments, severance pay is paid in lump sum. Pension awarded following retirement is commonly known as a retirement plan, (Ginn, 2003). These plans may be established by either, the government, insurance companies, employer or other institutions such as trade unions. Different terms are used to refer to this plan in different countries. While in the United Kingdom it is referred to as â€Å"pension schemes†, in the United States it is commonly known as â€Å"retirement plan†, and â€Å"superannuation plans† in Ireland, (Turner, 2006). An occupational pension is retirement plan that i s mostly established by employers for their employees. These kinds of pensions are usually seen to be some kind of deferred compensation that is beneficial to both the employer and the employees for tax reasons. This paper will be seeking to answer the question â€Å"Is there a future for occupational pensions, and how will they change?† In order to answer this question, various issues concerning occupational pensions will be discussed, such as the types of occupation pensions, advantages and disadvantages of occupational pensions, current state of these pensions, future state of the pension, and then finally the conclusion on the same issue. Types of occupational pensions There are various types of occupational pensions, depending on the rules and regulations governing the same in the various countries. However, occupational pensions can be broadly classified into three categories. The first category is non-contributory occupation pension schemes. In this case, all the contributions are made by the employers for their employees under the scheme. The second category is the contributory occupational pension schemes. Under this type of pension schemes, in addition to the contributions of the employers for their employees, the employees are also required to contribute a certain percentage of their earnings, (Jackson, 2006). The income of the employee on maturity of the scheme will depend on the contributions made by the employer, the growth rate of the pension fund, as well as the annuity rates at the retirement period. The last category is open â€Å"stakeholder† schemes. Unlike the other two schemes, the employer does not contribute in this schem e. In the United Kingdom, it is a law for any organization with more than five employees to establish this plan. However, it is not a requirement of the law for the employers to contribute to this scheme, (Barr and Diamond, 2006). Advantages of occupational pensions There are various advantages that can be attained by both the employers and the employees through occupational pensions. One of these advantages is tax relief for employees’ and employer’s contributions for Customs approved and HR revenues schemes, which are given within annual allowances. From the employees’ point of view, it is an opportunity to plan for the future at the time of old age. Precisely, occupational pension schemes can be considered as a saving plan for the old age. Another advantage that may be attained by the employees is the additional benefits associated with this scheme. For instance, in some cases, if a member dies pension may be paid to the partner, (Ginn, 2003). From the employer’s point of view, occupational pension scheme is one of the strategies of attracting, retaining as well as motivating employees. To some degree, occupational pension schemes contribute to job satisfaction which in turn contributes to production efficiency among the employees. Another thing is that, these schemes are usually designed as well as controlled according to the desires of the employer, but within given legislative limits. Thus, it is easy for the employer to structure this scheme to suit his/her business objectives, (Jackson, 2006). Disadvantages of occupational pensions Besides their advantages, occupational pension schemes have also their disadvantages. For instance, there is some rigidity in the operation of these schemes in the sense that, it becomes challenging to contribute to these schemes when one switches employers. Another disadvantage is that, under complex government legislation, the employers are forced to shoulder some costs that are associated with the provision of occupational pension schemes, (Turner, 2006). Current state of occupational pensions In almost all countries, occupational pensions are usually undertaken according to rules and regulations that have been set by the government. In the United States, the Pension and Welfare Benefits Administration (PWBA) under the Department of Labour, has been given the mandate by the federal government to administer regulations of pensions, (Ambachtsheer, 2007). The main objective of these regulations is to ensure that the interests of the parties as well as their beneficiaries are protected in these schemes and setting standards that must be adhered to by pension schemes. Currently, there are various challenges facing not only occupational pensions but also other forms of pension schemes. The first challenge is population aging. In most countries, the ratio between the elderly and the working population is increasing at a high rate. This can be explained by the decreasing birth rates and increasing life expectancy, leading to an increase of the number of the elderly in comparison to the working population, (Ambachtsheer, 2007). Thus, the demand for retirement benefits has increased considerably more than the available sources of funds from employer and employee contributions. Perhaps, there are three alternatives in which this situation may be handled; increasing taxes to pay pension schemes, increasing pensionable ages, or lowering pensions in relation to society-wide average earnings. This implies that, not unless necessary measures are undertaken, pension schemes might collapse in the future. The other challenge is the increasing tendency of business organizations, more especially in the United States, deliberately under-funding occupation schemes so as to transfer the costs to the government. Additionally, under-funding of these schemes also implies that these organizations are entitled to a certain amount of tax-allowances, which leads to a decline of government revenues. This is one of the reasons behind the increasing pension liabilities which are being faced by the government in the United States, (Ambachtsheer, 2007). Inflation is yet another challenge that is affecting the current occupation pension schemes. These schemes are exposed to increasing inflation as they are paying inflation-linked pensions. The situation has been deteriorated further with the recent economic crisis which affected almost every economy in the entire globe. Ideally, occupational schemes have been hedging by buying index-bonds, (Ros, 2010). To deal with inflation, the schemes are forced to expand their investments on liability bonds in addition to index-linked bonds. However, with the increasing inflation levels, secure supply of physical linkers is invaluable. It has been also noted that most companies, more especially in the United Kingdom, are changing their strategies on occupational pensions. In the past, based on the traditional schemes, commonly known as the â€Å"final salary† or â€Å"defined benefit†, organizations were setting aside funds for contribution to the pension schemes of their employees; however, this is not the case in the recent times. Instead, they have turned to schemes that besides their contributions, the employees are also required contribute some amounts as well, (Bridgen and Meyer, 2005). In these schemes are commonly described as â€Å"defined contribution† or â€Å"money purchase†, the employees only know what is paid in but they are not aware of what they will earn at the time of retirement. The main arguments that have been put forward for these changes is that; the traditional schemes are no longer applicable in the contemporary life style based on the assumption that people are likely to change employers, and the increasing life span forcing employers to contribute to the occupational pensions for a long time, (Barr, 2006). Changing from traditional occupation pension schemes to the current schemes is considered as being a problem based on two main reasons. Firstly, it has been noted that employers are contributing a smaller percentage towards occupational pensions as compared to in the past, and the employees are paying more, (Jackson, 2006). Besides, it is expected that people will be forced to work up to the age of 72, to be in a position of earning the same benefits as those who were in the traditional schemes. This implies that if individual are not going to save more than those in the traditional occupational schemes, there are likely to make awkward choices; either to work for more years or retire at 65 and experience a remarkable decline in their income. Secondly, it has been forecasted that long-term stock market returns are likely to decline dramatically in the next few years. Despite of the recent economic crisis, returns from the stock market have been performing well in the past few decades . Based on this forecasts, it is expected that people will be forced to save harder for their future, (Turner, 2006). The future of occupational pensions and what is likely to change Perhaps, the issue of the future of occupation pensions can be best addressed based on the advantages and disadvantages of these schemes as well as the current challenges that are faced by the occupational pension schemes. In most countries, due to the costs that are involved in managing occupational pensions, governments have tried to pass on these costs onto the employers. However, as noted above, it has become very challenging for the employers to guarantee open-ended pension provision for their employees and a number of them are still yet to clear deficits in their final salary pension schemes, (Ginn, 2003). Following this challenges, future occupational schemes are likely to change considerably from the traditional schemes. One of the likely scenarios is that the employees are like to be forced to part with a higher percentage of their salary, as contributions towards their occupational pension schemes. Already most countries in the globe have proposed changing of pension scheme regulations towards the same, (Field and Williams, 2009). For instance, various assessments have been undertaken in the United Kingdom and most of the reports indicate that increasing the percentage of employee contributions could be a viable option. According to the report of the Independent Public Service Pensions Commission, employee contributions towards occupational pensions should be increased by about three percent. However, within the public sector, the lower-paid workforce may not be required to part with much extra proportionately with higher earners, (Ros, 2010). The structure of occupational pension schemes is changing following the changing conditions. For instance, in the context of the private sector, defined benefit schemes have been replaced by defined contribution, and this is expected to be the standard structure of future occupational pension schemes, (European Commission, 2004). Based on this defined benefit schemes, the employers the costs and risks of pensions are shouldered on the employer, who also takes the risks of salary inflation, regulatory changes, investment performance, interest rates, as well as longevity. However, with this new structure these risks are usually shared by the members, (Gruber, 2011). The employers are only accountable for a specified contribution, and no agreement or promise as to the amount of pension benefits an employee will be receiving following retirement. In the United Kingdom, the new regulations are likely to be implemented starting from 2012. An automatic enrolment system will be implemented a t the national level, to ensure that employees are compulsorily selected into an occupational pension scheme. Employees above the age of 22 with an annual income of over 7,500 pounds will be forced to join pension schemes. The employer will be required to contribute 3%, the employees 4% and the state 1% in tax relief, (Field and Williams, 2009). The main objective of these regulations is to ensure to promote or rather encourage private pension arrangements for the employees. Introduction of such changes are likely to destroy the future occupational pensions for a number of individuals due to various reason, (Gruber, 2011). There are high chances that the employers may take advantage of these changes to reduce their contributions towards pension schemes. Another way in which the occupational pension schemes are likely to change in the future is the change of the age at which people will be qualified for retirement benefits. It was mentioned previous that increasing life span has become a big challenge for occupational pension schemes in most countries. To deal with this challenge, proposals have been made for the retirement age to be increased, (Ros, 2010). Increasing the age of retirement has been ranked at the top among the pension experts in different countries. It is expected that this strategy will be effective in distributing benefits and costs equitably between generations. The assumption on this proposal is that it has a favorable effect on beneficiaries/contributors ratio. According to these experts, it is assumed that the strategy will stabilize the contribution rates due to participation of a higher labor force, and equally maintain relatively high levels of pension benefits for join the retired population, (Alberto and Ko sik, 2009). According to Mintel International Group Ltd (2006), besides the above factors that are likely to change in occupational pension schemes, there are also other indirect factors that are likely to change occupational pension scheme system. Some of these factors include reduction of expenditures by the government in other policy areas to channel the funds in financing occupational pension schemes and prioritizing fighting unemployment with an objective of increasing the number of contributors. Conclusion Providing adequate provisions for retirement is one of the challenges that are faced by most people. Occupational pension scheme becomes handy in addressing this problem. This is retirement plan that is mostly established by employers for their employees. It is usually seen as being some kind of deferred compensation that is beneficial to both the employer and the employees for tax reasons. The major objective of the paper was to address the question â€Å"Is there a future for occupational pensions, and how will they change?† In answering this question, the paper has been organized into various sections. First the current situation of occupational pension schemes in various parts of the globe was addressed. Under this section as noted above, there are various challenges that are facing occupational pension schemes. However, the most common challenges include the increasing life span which results to high ratio of beneficiaries to contributors, increasing rates of inflation wh ich contributes to higher costs of managing these schemes, and changing of business strategies of the employer concerning these schemes. It has been noted that the future of occupational pensions and the way they may change will depend on how these challenges are addressed. In the United Kingdom, promoting private saving for retirement age is one of the policies that have been proposed to address these challenges. Policies that are likely to be implemented in the near future include increasing of the retirement age and changing of the structure of the occupational pension schemes. Thus, future occupational pension schemes are likely to take a different course as compared to what has been in existence. Reference List Ambachtsheer, P.K., 2007. Pension Revolution: A Solution to the Pensions Crisis. New York: John Wiley and Sons. Alberto, C and Kosik, K. 2009. Regulatory Challenges for Pension Funds in Europe. CEA Insurers Barr, N and Diamond, P. 2006. â€Å"The Economics of pensions†, Oxford Review Economic Policy, Vol. 22, No. 1, Spring, pp. 15-39 Barr, N. 2006. â€Å"Pensions: Overview of the Issues†, Oxford Review of Economic Policy, Vol. 22. No. 1, Spring, pp. 1-14. Bridgen, P. and Meyer, T. 2005. â€Å"When do Benevolent capitalists Change Their Mind? Explaining the Retrenchment of Defined-benefit Pensions in Britain†, Social Policy and Administration, Vol. 39, No. 7. European Commission. 2004. The Future of Pension Systems. Directorate General Press and Communication. Field, S and Williams, R. 2009. â€Å"The Pension Revolution† Chapter 10 in Rethinking Reward, Corby, S., Palmer, S and Lindop, Eds. Palgrave MacMillan. Ginn, J. 2003. 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