Internship

They basically wants to ensure that chop up branches which ar in the proficient locations for their customers and on occasions this message that they need to close those branches w present customers foot ruination has fallen dramatically or there has been a vend in customer shopping patterns. And besides raise the transaction woo from E to E. 0 In he name of the young fees were part of a providing cle arr and more(prenominal)(prenominal) than transp atomic number 18nt pricing. The hope as well said behind of exist cutting imprecate want to switching to be hassle-free , standard IS- whirl on free accounts and free slanging claim is ridiculous. They too said the closures branches were a result of customers using the branch net become less than they used to we are seeing a shift to customers using ph single, Internet and mobile devices. For this benign of reasons the HASH cope with damage cutting Q. 2. The Impacts of cost cutting on overall Financial Performan ce of HASH (comparison with erstwhile(prenominal) year)?Answer For the Impacts of cost cutting they hurt unappealing in(p) about 70 branches in the I-J abide year and more than 50 in 2011 and in 2013, 9 branches has been closed and declared with 85 closures in UK townspeoples and cities so far this year. The bank has closed more than 200 branches in the I-J over the last three long time and Derek French, of the campaign for community banking operates, expressed approximately surprise at Hashs plans These figures stir that by and by a pause, they are now galloping ahead with closures, as in previous years. It is thought a further 20 closure announcements impart e made before October.When the branches of HASH at Alongside Penumbras and Conway- which is the whole bank in the town with a cash machine are ascribable to closed in February, 2013. Town leaders criticized the decision and called for the bank to reconsider the closing branches. Some of their state PM And Alongsid e the town mayor Bob Label said the closure was terrible password for residents, parentage and tourists. And he Explained the impacts over economy by saying l am rattling surprised by what the bank is claiming about the economical viability of Alongside branch in IEEE of the huge number of tourists who visit our town, in particular during the spend months. So, all of them when the bank branches are closed their political members recognise the regional economical condition is under threat. Also the impact on increase its charges for 700,000 delicate business customers, with many losing their free banking service. They said new fees were part of an overhaul of accounts aimed at providing cleared, more transparent pricing. Minimizing plan for cost cutting they increased fees of transaction as a result the small business customers is effected. They also said some customers would see their charges reduced.So called Free banking Myth the bank impose some extra charges on each smal l business transaction. The issue of Free banking system sparked controversy from last year. Q. 3 The Bene curbs of cost cutting on the action of HASH (I. E. NYSE and ELSE). The share pence of HASH (ELSE HASH) (NYSE HASH. US) fell by APP to IPPP dung early expectations. The 3% fall in its share price made it the leading loser among FETES coke blue-chips. The bank reported profits of $22. Ban (EYE. Ban), compared with $20. Ban in 012, boosted by a range of cost-cutting respects.In total the bank made $1. Ban in nest egg by, among separate things, reducing Jobs as well as cracking subject on the number of staff taking business-class flights. The bank currently employs 254,000 full-time staff, down from 295,000 at the beginning of 2011. In total $4. Ban has been deliver since 2011 , exceeding targets set by the bank. Revenue was stable, coming in at $63. Ban compared with $61. Ban in 2012, underpinned by a resilient performance in the global banking & markets business, as well a s growth in the commercial banking division.Pay for chieftain executive Stuart Glover increased last year from $7. Mm to $mm while the bonus pool increased 6% to $3. Ban. The chief executive commented Our performance in 2013 reflects the strategic measures we progress to set outn over the past three years. Today the Group is leaner and simpler than in 2011 with blotto potential for growth. In 2013 we grew underlying profits by US$6. Ban, generated US $10. 1 ban in core tier 1 capital, achieved an spare IIS$I . Ban of sustainable cost- savings and declared IIS$9. Ban in rivends in respect of the year.Our strong capital generation continues to corroboration our imperfect tense dividend policy and reinforces Hashs status as one of the best capitalized banks in the innovation. salary per share increased from app to app while the dividend was increased from app to app. Therefore, taking into account the induce to Hashs share price earlier, the shares may therefore trade on a PIE of 13 and offer a potential income of 4. 5% Of course, the decision to buy ? ground on those ratings, todays results and the wider prospects for the banking sector ? remains your own decision.InternshipInternship is an official program for the undergraduates or graduate schoolchilds who work surrounded by certain(p) periods of time which has a earn to gain practical work or reason related experience. (www.internship.com, n.d.) In the other hand it is a way which helps to bridge the gap between Academic & the Real world. (Spring, 2011)And also internship can be defined as the luck erectd for the students / undergraduates to link with the industry & upgrade the knowledge about industrial practices. This may become a practical and compulsory fulfilment of the full point program.Internship helps students to find out whether the career of busy is a good fit and also it will indicate the understanding about what career that suits you. In other words, internships can help you to decide if a particular career is something youre fire in or not. Internship program provides the opportunity for students to clarify career objectives and curb career choices. (Spring, 2011)Internships are a great way to prepare students for their time to come career. It unwraps them a deeper understanding of the path they want to take, and puts them in a stead in which they can learn first-hand what it odours like to work in their elect Profession. Before University Students graduate they often need to complete the internship computer programme. (Carniol, 2018)Internships provide students with an opportunity to test abilities and attitudes toward particular material or career possibilities for the future. Students who has decided to move into in internship program can broaden their future career opportunities by networking establishing positive working relationship with their employers. These relationships cant build only through and through academics tho, efficaciou s applications of the knowledge gained from the academics is a determinant for the historical life career. (Spring, 2011)Students who took part in the applied learning of the internship had a greater consciousness about the issues in the society. (Seon-Young Lee) When the students retain their own motivation for the community service through internship, ain growth can be increased greatly. (Wilson J. Gonzalez-Espada, November,2006)An Internship program involves variant parties much(prenominal) as Students, employers/supervisory programs, program coordinators, sponsoring university the Government agency related to the internships. Everyone gnarly in an internship program should have specified roles and responsibilities. (Jackel, December 2011) And also Internship broadcast Expectations are varying according to each parties that involved.A student expects an internship program should be stimulated intellectually and also it should be support to enhance the skills needful for future employment. The program coordinators/departments expect that internship will be an opportunity for the students to hope classroom knowledge to the real-world setting.The employer/Company hopes the internship program partnership to be a path to determine hiring retaining talented students seeking permanent employment after the internship program. The university expects that an internship program will create a community partnership with a potential new employer, or to keep an existing partnership through productive and effective work done by university students which are interns.(Roger, 1979)Universities take a major role of in making internship program more appealing to and productive for the undergraduates by giving course credit for internships and also it is a way of facing the competition for the jobs. (Jackel, December 2011) General Sir conjuring trick Kotelawala Defence University also has started providing internship opportunities for the day scholars since Intake 29 . Upto now, Intake 29,30,31,32 33 has already participated in their Internship Program. KDU has linked with National Apprentice and Industrial discipline Authority (NAITA) and introduced comprehensive internship program for the KDU undergraduates to bloom their talents with the industry.KDU moves undergraduates as interns and it is a partial fulfilment of the degree program that nearly go for 6 months Industrial Training and the most of the undergraduates work as permanent employees after the Industrial training. Sometimes, due to the involvement of NAITA, KDU cant control the overall process of the internship program. Therefore, KDU has to fulfill the requirements of NAITA such(prenominal) as Documents, Reports and Guidelines.We have conducted an exploratory sight among KDU past undergraduates (Intake 31, 32, 33 -Logistics Management). jibe to the interpret we identified that the employment rate among the undergraduates have not achieved 100%. It office it may be personal rea sons or the internship program has not supported for them. For example, some students may be faced some problems such as sexual Harassments or any other harassments from the company Supervisors during the internship program. Although the students want to retract the system due to those reasons, students cant quit because of the NAITA requirements.So the students will suffer from stress. It style that the Internship program objectives couldnt be able to achieve as expected. That may be a practical problem of the internship program. And also there is a dubiousness whether the internship program has enabled the students to pimp in the job market in the emulous environment. Although there are some enquiryers conducted in global context, There is no single explore conducted in Sri Lankan Context and even in the KDU to measure and identify the student status feign for the internship program. So to overcome the issues and consume the changes, we conducted this research by finding the students eyeshot of successful internship program.We took the population as the day scholars of KDU in Intake 31, 3233 Logistics Management as followsPopulation Intake 31 . 52 Undergraduates Intake 32.. 71 Undergraduates Intake 33.. 55 Undergraduates Total population . 178 Undergraduates We selected the sample size as 80 Undergraduates from the population.1.2 Scope of the studyThe scope of this study is to draw an understanding about factors that affecting for the successful internship program on students spatial relation with special reference to undergraduate day scholars of Intake 31, 32, 33. It will be stabilizing to become success in the internship program. According to our conducted Exploratory study we identified that the employment rate among the undergraduates have not achieved 100%. So to overcome the issues and implement the changes, we are conducting this research by finding the students perspective of successful internship program. Therefore, this study will b eneficial for undergraduates who are willing to don in to industrial training to develop their qualified characteristics.1.3 Justification of the problemsThe internship program has designed by the involvement of administrative lecturers of the Faculty of Management and NAITA. So they are making the internship program according to their ideas and perspectives. Therefore, the lecturers perspectives are different from students. just the benefits are gained by the undergraduates, so they have the ability to look intimately at the internship whether it is useful or not. If the internship program is successful then it doesnt find a problem, exactly if the internship program is not successful there should be a change. As there is no single research conducted in Sri Lankan context and even in the KDU to measure and identify the student perspective of internship program, we decided to do the research based on the internship program by considering the undergraduate day scholars of Intake 31, 3233 Logistics Management, KDU.1.4 Objectives of the study 1.4.1 primal Objectives To examine the student perspective of the internship program. 1.4.2 Secondary Objectives To examine factors affecting on successfulness of internship program1.5 Research Questions This study tries to answer following research questions. What are the student perspective of the internship program? What are the mostly influenced student perspectives of successful internship program?1.6 Research Hypothesis H1 Skill Development, Self-confidence and Attitudes genuine through Internship Program affect the success of Internship Program. H2 Academic Preparedness and military rating is positively associated with internship successfulness. s H3 Career Development is a factor which affect for the successfulness of the Internship Program. H4 Compensation of the Interns is a major factor for the Internship Successfulness. H5 Experiential learning developed through Internship Program affect the success of Internship Program.1.7 Significance of the dissect The significance of this study is to identify the factors affected on successful internship Program on the perspective of KDU students and to identify the requirements of business industries. Also, this will able to provide better understanding about industrial training to the undergraduates and this will help undergraduates to improve their performance in academic studies and extracurricular activities. To identify the student perspective of the internship program, we have conducted an exploratory study among KDU past undergraduates (Intake 31, 32, 33 -Logistics Management). According to study we identified the employment rate among the undergraduates have not achieved 100%. It means it may be personal reasons or the internship program has not supported primly. And also there is a doubt whether the internship program has enabled the students to secure in the job market in the competitive environment. If there are any changes to d o for the internship program we can identify and it will be stabilising to do the implementation. Thats the reason why we are doing this research.CHAPTER 02 Literature review 2.1 Introduction When we consider about the global context, there are some researches which have conducted regarding the factors affecting for the successful internship program. The competency and motivation of all parties involved are indispensable for a successful internship programs Being a rich component of higher development academic program, Internship is believed to create win-win mooring for the students, organization as well as the university. (Coco, 2000).Therefore we can identify three perspectives which divide the factors affecting for a successful internship program according to the previous researches.Organizational positioning (to take advantage from the intern offering a least compensation)University situation (to give a good internship program and secure the job)Student Perspective (To h ave a secured job and good compensation)Therefore, we discovered the following factors under the preceding(prenominal) three perspectives.Organizational PerspectiveEffectiveness of the charge tax clarityUniversity PerspectiveEffective Design of the Internship ProgramInvolvement of the University regarding the Evaluation of Internship ProgramStudent PerspectiveSkill Development, Self-confidence and AttitudesAcademic Preparedness and EvaluationCareer DevelopmentCompensationIndustry ExposureTherefore, we can get and justify the factors with the reference to the previous researches.1. Organizational PerspectiveEffectiveness of the SupervisionThe strategic role of supervisors may determine the internship experience is positive or not. Interns perception of supervision effectiveness is significantly correlated with job musical arrangement success and overall job performance. (Gabris, October 31, 2009)Effective supervision during internship such as being supportive, demonstrates high w ork standard and competence, provide frequent feedback, provides more opportunities for individuals to explore career interests and resolve conflicts are very important. (Taylor, 1988).The support from the supervisor is a commitment to the employee by the organization. (Mowday, 1998).It means a supervisor is helpful to dedicate the commitment of the employee by showing the interest and as a representer of communicating and valuing of him or her in the organization. (Dixon, 2005)From the above previous researches we can identify that the Effectiveness of supervision is positively associated with the successful internship program.Task clarityIn the task Clarity it includes the task outputs such as task goals and standards and also task activities which mean by how work is accomplished. The organization expect that the certain goals and standards from the intern. They expect that the intern will fulfill his or her task in the organizational goals and achievements. (Sawyer, 1992).Somet imes, poor planning of work assignments caused frustration among interns. (Rothman, 2007)And also ill-defined roles contribute to stress and poor performance of the interns. (Kahn, 1964)Therefore, developing a proper job description, (Crumbley, 1998)), providing a reasonable time frame for accomplishing tasks of the intern and establishing a clear understanding of what is to be accomplished can be helpful to the interns to fulfill the given tasks. (Rothman, 2007).From the above previous researches we can identify that the Task clarity is positively associated for the successfulness of the internship program.University PerspectiveEffective Design of the ProgramDesigning an effective internship program may involve many different factors. When a program coordinator is developingInternshipIn considering the Internship component I step Ilke there are a lot of opportunities In Quito that support a wide variety of my interests. want to work with a non-profit that full treatment on a gra ssroots organizing level with the populations that do not fit into the mainstream of observe Make sure you specify what sector you would like to work in (business, arts, non-profit, government, etc. ) Comment Once you have chosen a sector, Is there a specific focus that you would Ilke to work with?Education, grassroots, public service etc. Ecuadorian society. Specifically, an organization that works with internal migration from the Comment The more specific you are, the better Andes or Colombia due to Plan Colombia) or with prison house populations would be perfect for me. I have significant experience with solidarity organizations but more limited experience with assorts that function squarely within marginalized groups and I would like to be able to transfer those skills.Another interest of mine that I have done some academic work around but that I would really love to engage further is to look at the gender/race/class implications of the coca industry and the War on Drugs. Popu lations that are Involved In this are often Indigenous and very poor, and omen occupy a unique position In this on-going struggle. while In Peru In 2005 1 worked with female prisoners, who were overwhelmingly there because of medicate trafficking. Comment Do you have any past experiences that you feel will prepare you for this internship?Working with people who are struggling to comprise themselves into cultural norms which they do not naturally fit will panegyric the work that will be doing In St. Paul with recent Comment Mention any on-campus or summer experiences that relate immigrants over the summer and will give me further insight into how race and other identities shift in transition and migration. According to Its website HECUA offers internships with organizations that work with Comment Do research on past internshipTalk to 1 OF3 tne organlzatlon, or 100K on tnelr weDslte Tor entropy on past internships include specifics on the logistics of the internship migration an d prisons. Both Casa del Migrante ( kinsperson of the Migrant) and CEDHU (a Human Rights, prison house Rights group) are on the list of possible placements incorporate education into their model which is something that is very important to me. Through courses I have taken such as Experiences in Education and Urban PoliticalChange and also work I have done in high school I have come to highly value education as a means for social change. I have worked at the Comment Discuss past internships that directly relate to your chosen field International Center of juvenile York, and will do similar work at Neighborhood House and some(prenominal) these institutions have developed a commitment to adult education and a desire to connect adults with educational opportunities that will give them both survival skills but also a greater insight into their situations and the world around them.I also want to work with indigenous populations, specifically the Quechua people, ho Comment Incorporate y our specific academic goals and relate them to your chosen internship make up a large percentage of the populations in both Ecuador and Peru. When I was in Peru I was in an almost entirely Quechua city and I would be very elicit in juxtaposing that with a more divers(prenominal) city in terms of race and class.I am very interested in how indigenous culture transitions into the city. In addition to having worked with Quechua communities in Peru, I also Comment State your learning goals for the internship have many Quechua Peruvians in my family, and through watching their experience ave developed a keen interest into how that identity is somewhat malleable and how it plays out after leaving a majority Quechua world.Not only do I have personal connections to this group but I have done a considerable total of research around the Quechua Indians as a social movement in Indigenous Peoples Movements last year and thus working in an organizing situation side-byside with this population would really compliment my academic research. Comment Discuss your educational goals and trajectory what classes have you taken that prepare you for this internship? In closing, tne perTect nt organization Tor me would De one tnat comDlnes polltlcal organizing with community work, i. . one that addresses both the structural and the personal sides of an issuemigration, drug trafficking, etc. An organization like this is what I have trained here at Macalester to admire and I feel like the combination of real world solutions and social critique would teach me a lot and give me an opportunity to contribute. Comment You should also include any information you have about how the program will grade you on this internship are you call for to keep Journals, write a paper, do a presentation etc?