This website uses cookies to ensure you have the best experience. Learn more

Development Plan Essay

2308 words - 10 pages

First factor that I would try to improve is the inflation rate, which is relatively high in Finland, and due to taxes the prices are more expensive than for example here in the United States in general. Inflation means that the general level of prices for goods and services is rising and the purchasing power is falling subsequently as a result of inflation. (investopedia.com) The inflation rate slowed down in March 2014 to 1,1%. (Finland´s national authority for collecting statistics) This is a big improvement, because it was 2,2% in 2013 (The World fact book). Policies to lower inflation should be improved in order to slow down the increase of the prices and the money losing its value, and ...view middle of the document...

Another way to get money out of the circulation is to sell government bonds, meaning that consumers give money to the government who pays interest rates, and it won´t spend the money in for instance 25 years. Still, there are always factors that are hard to take in notice and have an effect on, such as if people expect prices to increase and gradually the wages increase. Low inflation rates make the loan givers loose less and exporting is easier because the competitiveness isn´t poorer compared to other countries when it comes to production costs and making cost estimates for the future, so lowering the inflation rate is good for the economy.
Another factor, unemployment rate (how many people belonging to the labor force is not working currently), including youth unemployment rate, should be decreased in order to create a better economy, too. Finland´s unemployment rate in 2013 was 8,1%. (World Fact book) The wanted unemployment rate is 3-5% of the labor force, and the number is over that, because many people lost their jobs as a result of the recession started in 2011. Finland should aim to cut down the number of people not having a job, because high unemployment rate leads normally to the decrease of overall healthy of the economy since less people pay taxes and are productive, decreasing the GDP of the country. Low unemployment rates lead to, for instance, more output, more income, more consumption, less poverty and less need for welfare payments. Working is also good for people´s self-esteem, because those who work feel better about them and can afford to spend more. Government will also receive more tax dollars that can be invested in improving the economy, and reducing unemployment will most likely have a positive effect on the social divisions in society. Ways to achieve a lower unemployment rate are to create more jobs, raise unemployment benefits and reduce taxes for the lower paid. There´s still always some people without a job and this is needed, because the technology will keep on improving and people looking for better job opportunities! The economy must be in a sustained period of economical growth because expanding the workforce requires relatively high aggregate demand. In order to avoid structural unemployment, the employability of the labor supply must change. Employers should have right skills to take up the available job opportunities, so the importance of education should be highlighted in the economy. Some programs for unemployed could be offered so that they could re-employ easier and improve the skills they need and the incentives to find work, in other words improve the human capital of the workforce. This way people will be able to take up new jobs that are created as the economy improves. It requires the government to invest money and time, but lowering unemployment rates and especially youth unemployment is a way to improve the economical situation in the long run. I suggested that the interest rates should be...

Find Another Essay On Development plan

Personal Development Plan Essay

1241 words - 5 pages Introduction Personal Development Plan (PDP) is a specific plan for your future in short-term of six months or twelve months. It is necessary that you have objectives set up for yourself, and plans and actions to be taken in order to achieve those objectives. Following PDP is a good way to improve yourself, and to acquire skills and knowledge. Therefore, it is advisable to continue doing PDP one after another. Also, PDP includes your CV, so

My Individual Development Plan Essay

1001 words - 4 pages My Individual Development Plan Each individual is just that: individual. We all have our strengths and weakness. Life is about exploring and improving on those. Growth never ends. It is expanding our minds and attitudes to make life happy and peaceful. My development depends what I do to accomplish my life goals. My carrier path will depend on how I can grow and develop in my field and management capabilities. I like to think I have many

Leadership development plan activities

1065 words - 5 pages Leadership Development Plan Activities Introduction: I have summarized the list of topics I have learned and activities performed based on my leadership development plan for the development of my leadership qualities, characteristics and skills in the areas of time management, self-control and innovating new ideas. I have explained below that how these learning activities will be helpful for my career in the future and also in my personal life

Development Plan Part I

1418 words - 6 pages Career Development Plan Part 1 - Job Analysis and SelectionInterClean, Inc. (University of Pheonix, 2008a) is facing two major changes. One change is within its structure and the other is within its business strategy. Seeing changes in the compliance regulations that InterClean's customers are facing, the company sees an opportunity for becoming the first to offer a full service solution, not just a cleaning product. In addition, the company is

micro credit development plan

3860 words - 15 pages of women is misunderstood by husbands traditionally. Thus, participation of women to workforce is very low in Turkey. If the poor conditions of women are improved, the general condition of society will also improve and family relations will be strengthened. I. PROJECT DESCRIPTION Reducing poverty is the main target of the Nineth Five-Year Development Plan of Turkey. The Plan stresses the importance of women in the

Personal Leadership Development Plan

2869 words - 12 pages Personal Leadership Development Plan An effective leader must have a plan for success. This includes a personal plan of growth as well as a professional plan for improvement. This paper will attempt to highlight my personal strengths and weaknesses as leader, identify the areas needed for improvement, and identify the leadership skills and practices that I will use to become an effective leader. This paper will also give an outline of the

Personal Development Plan

760 words - 3 pages Personal development is the process of maintaining one’s well being in terms of physical, social and psychological aspects. It is the constant process of developing and enhancing personality through learning and socialization processes. Undoubtedly, for personal development, certain skills and knowledge are required to be achieved. Armstrong (2006) rightly says that the personal development plan incorporates a wider set of learning and

Professional Development Plan

1968 words - 8 pages Professional development is the development of new or existing skills, knowledge and aptitudes to improve one’s marketablilty, portability, performance and self worth (McKellar, 1996). This paper outlines my top three professional goals, resources required for achieving these goals, and a resource constrained schedule. The strategic formulation of my goals, required resources and schedule coalesce to form my Professional Development Plan (PDP

Career Development Plan Summary

1748 words - 7 pages . To show our commitment and dedication to employee development, we will review all contracts before finalization and provide constructive feedback relating to the improvement of each sales effort. We expect most of our feedback to be positive as we know how talented our employees are. "Despite the fact that the negative feedback has the opposite effective and undermines subsequent performance" (Ilies, De Pater, and Judge, 2007). KFF would like

Strategic Plan Development

1332 words - 5 pages Riordan Manufacturing recognizes and transmits a strategic plan that relates to Total Quality Management. The role of TQM in Riordan strategic plan is acquired through the mission, vision, and objections. TQM is a strategic level objective for Riordan. Globalization impacted Riordan TQM in a constructive manner. Riordan TQM demonstrates how an increased complexity of globalization influenced the industry. Riordan was founded by a chemistry

Training/Faculty Development Plan

1297 words - 5 pages professionals, need to step up to this challenge if they are going to effectively educate in our changing world. Training and Development School districts are crucial in this endeavor as well. They must provide the professional development and support needed to shake-up the status-quo of traditional education. Having technology professionals and resources available for staff is key. District 300 in Carpentersville, Illinois does a fantastic job of

Similar Essays

Gaps Analysis Development Plan

1011 words - 5 pages “The gaps of GAPS analysis help leadership practitioners identify high priority development needs...,” (Hughes, Ginnett, & Curphy 2012). The gaps of this analysis are the spaces in-between each step (Hughes et al., 2012). To bridge these gaps, a development plan should be constructed (Hughes et al., 2012). “A good development plan is like a road map: it clearly identifies the final destination, lays out the steps or interim check points, builds

Training And Development Plan Essay

647 words - 3 pages train the new hires, but also the existing employees that have new responsibilities. Many of the existing employees have been promoted, due to seniority.Currently, SMC Corporation has no formal training program in place. What we will need to do is design an effective, comprehensive company-wide training and development plan that will meet the organizations needs. This will include deciding on which training methods will need to be used, how to

Professional Development Plan Essay

1140 words - 5 pages Plan SEQ CHAPTER \h \r 1Running head: Professional Development PlanProfessional Development PlanKristen BungeUniversity of PhoenixNUR/391March 19, 2008Professional Development PlanMy professional plan is to grow as a nurse by gaining knowledge through school and my daily experiences, so in five years I can care for patients and families as a nurse practitioner. I will make short term and long term goals to help guide me down my path as I

Strategic Plan Development Paper

1672 words - 7 pages very competitive region. Management must work closely with other divisions of the organization to help develop the transition. This new change needs to be implemented slowly in order to determine possible risks and areas of improvement. The development team will work closely with the employees to set this plan in motion and will continue to monitor the plan as it evolves into the European region.Operational planning will also play an important