Internship

They basically wants to ensure that HASH branches which are in the right locations for their customers and on occasions this means that they need to close those branches where customers foot fall has fallen dramatically or there has been a shift in customer shopping patterns. And also raise the transaction cost from E to E. 0 In he name of the new fees were part of a providing â€Å"clearer and more transparent pricing. † The bank also said behind of cost cutting bank want to switching to be ‘hassle-free' , standard IS- turn on free accounts and free banking claim is ‘ridiculous'. They also said the closures branches were a result of customers using the branch network less than they used to â€Å"we are seeing a shift to customers using phone, Internet and mobile devices. † For this kind of reasons the HASH cope with cost cutting Q. 2. The Impacts of cost cutting on overall Financial Performance of HASH (comparison with past year)?Answer: For the Impacts of cost cutting they have closed about 70 branches in the I-J last year and more than 50 in 2011 and in 2013, 9 branches has been closed and declared with 85 closures in UK towns and cities so far this year. The bank has closed more than 200 branches in the I-J over the last three years and Derek French, of the campaign for community banking services, expressed some surprise at Hash's plans â€Å"These figures suggest that after a pause, they are now galloping ahead with closures, as in previous years. † It is thought a further 20 closure announcements will e made before October.When the branches of HASH at Alongside Penumbras and Conway- which is the only bank in the town with a cash machine are due 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 Alongside the town mayor Bob Label said the closure was â€Å"terrible news† for residents, business and tourists. And he E xplained the impacts over economy by saying â€Å"l am very surprised by what the bank is claiming about the economic viability of Alongside branch in IEEE of the huge number of tourists who visit our town, especially during the summer months. So, all of them when the bank branches are closed their political members realized the regional economical condition is under threat. Also the impact on increase its charges for 700,000 small business customers, with many losing their free banking service. They said new fees were part of an overhaul of accounts aimed at providing â€Å"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 small business transaction. The issue of â€Å"Free banking† system sparked controversy from last ye ar. Q. 3 The Benefits of cost cutting on the performance 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 100 blue-chips. The bank reported profits of $22. Ban (EYE. Ban), compared with $20. Ban in 012, boosted by a range of cost-cutting measures.In total the bank made $1. Ban in savings by, among other things, reducing Jobs as well as cracking down 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 saved 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 â€Å"resilient† performance in the global banking & markets business, as well as growth in the commercial banking division.Pay for chief executive Stuart Glover incre ased last year from $7. Mm to $mm while the bonus pool increased 6% to $3. Ban. The chief executive commented: â€Å"Our performance in 2013 reflects the strategic measures we have taken over the past three years. Today the Group is leaner and simpler than in 2011 with strong potential for growth. In 2013 we grew underlying profits by US$6. Ban, generated US $10. 1 ban in core tier 1 capital, achieved an additional IIS$I . Ban of sustainable cost- savings and declared IIS$9. Ban in dividends in respect of the year.Our strong capital generation continues to support our progressive dividend policy and reinforces Hash's status as one of the best capitalized banks in the world. † Earnings per share increased from app to app while the dividend was increased from app to app. Therefore, taking into account the hit to Hash's 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' ? based on those ratings, today's results and the wider prospects for the banking sector ? remains your own decision. Internship Internship is an official program for the undergraduates or graduate students who work between certain periods of time which has a benefit 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 â€Å"Academic† & the â€Å"Real† world. (Spring, 2011) And also internship can be defined as the opportunity provided 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 degree program. Internship helps students to identify whether the career of interest is a â€Å"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 you're interested in or not. Internship program provides the opportunity for students to clarify career objectives and verify career choices. (Spring, 2011) Internships are a great way to prepare students for their future career. It gives them a deeper understanding of the path they want to take, and puts them in a situation in which they can learn first-hand what it feels like to work in their chosen Profession. Before University Students graduate they often need to complete the internship Program. (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 participate in internship program can broaden their future career opportunities through networking ; establishing positive working relationship with their employers. These relationships can't build only through academics but, useful applications of the knowledge gained from the academics is a determinant for the real 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 have their own motivation for the community service through internship, personal growth can be increased greatly. (Wilson J. Gonzalez-Espada, November,2006) An Internship program involves different parties such as Students, employers/supervisors, program coordinators, sponsoring university ; the Government Authority related to the internships. Everyone involved in an internship program should have specified roles and responsibilities. (Jackel, December 2011) And also Internship Program Expectations are varying according to each parties that involved. A student expects an internship program should be stimulated intellectually and also it should be supported to enhance the skills needed for future employment. The program coordinators/departments expect that internship will be an opportunity for the students to apply 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 John 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 Training 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 fulfillment 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 can't control the overall process of the internship program. Therefore, KDU has to fulfill the requirements of NAITA such as Documents, Reports and Guidelines. We have conducted an exploratory study among KDU past undergraduates (Intake 31, 32, 33 -Logistics Management). According to the study we identified that the employment rate among the undergraduates have not achieved 100%. It means it may be personal reasons 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 quit the organization due to those reasons, students can't quit because of the NAITA requirements. So the students will suffer from stress. It means that the Internship program objectives couldn't be able to achieve as expected. That may be a practical problem of the internship program. And also there is a doubt whether the internship program has enabled the students to secure in the job market in the competitive environment. Although there are some researchers conducted in global context, There is no single research conducted in Sri Lankan Context and even in the KDU to measure and identify the student perspective affect for the internship program. So to overcome the issues and implement the changes, we conducted this research by finding the students' perspective of successful internship program. We took the population as the day scholars of KDU in Intake 31, 32;33 Logistics Management as follows; Population Intake 31 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 52 Undergraduates Intake 32†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 71 Undergraduates Intake 33†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 55 Undergraduates Total population †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 178 Undergraduates We selected the sample size as 80 Undergraduates from the population. 1.2 Scope of the study The scope of this study is to give an understanding about factors that affecting for the successful internship program on students' perspective with special reference to undergraduate day scholars of Intake 31, 32, 33. It will be helpful 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 beneficial for undergraduates who are willing to enter in to industrial training to develop their qualified characteristics. 1.3 Justification of the problems The 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. But the benefits are gained by the undergraduates, so they have the ability to look closely at the internship whether it is useful or not. If the internship program is successful then it doesn't occur a problem, but 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, 32;33 Logistics Management, KDU. 1.4 Objectives of the study 1.4.1 Primary Objectives To examine the student perspective of the internship program. 1.4.2 Secondary Objectives To examine factors affecting on successfulness of internship program 1.5 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 developed through Internship Program affect the success of Internship Program. H2: Academic Preparedness and Evaluation 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 Education developed through Internship Program affect the success of Internship Program. 1.7 Significance of the Study 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 properly. 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 do for the internship p rogram we can identify and it will be helpful to do the implementation. That's 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 â€Å"Being a valuable component of higher education academic program, Internship is believed to create win-win situation 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 Perspective (to take advantage from the intern offering a least compensation)University Perspective (to give a good internship program and secure the job)Student Perspective (To have a secured job and good compensation)Therefore, we discovered the following factors under the above three perspectives.Organizational Pers pectiveEffectiveness of the SupervisionTask 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 describe and justify the factors with the reference to the previous researches. 1. Organizational Perspective Effectiveness of the Supervision The strategic role of supervisors may determine the internship experience is positive or not. Interns' perception of supervision effectiveness is significantly correlated with job placement success and overall job performance. (Gabris, October 31, 2009) Effective supervision during internship such as â€Å"being supportive, demonstrates high work 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 make 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 clarity In 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). Sometimes, poor planning of work assignments caused frustration among interns. (Rothman, 2007) And also unclear 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 Perspective Effective Design of the Program Designing an effective internship program may involve many different factors. When a program coordinator is developing Internship In considering the Internship component I feel 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 works on a grassroots organizing level with the populations that do not fit into the mainstream of Comment: 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 populations would be perfect for me. I have significant experience with solidarity organizations but more limited experience with groups that function squarely within marginalized groups and I would like to be able to transfer those skills.Another interest of mine tha t 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. Populations that are Involved In this are often Indigenous and very poor, and omen occupy a unique position In this ongoing struggle. while In Peru In 2005 1 worked with female prisoners, who were overwhelmingly there because of drug trafficking. Comment: Do you have any past experiences that you feel will prepare you for this internship?Working with people who are struggling to Integrate themselves into cultural norms which they do not naturally fit will compliment 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 rese arch on past internship!Talk to 1 OF3 tne organlzatlon, or 100K on tnelr weDslte Tor information on past internships – include specifics on the logistics of the internship migration and prisons. Both Casa del Migrante (House of the Migrant) and CEDHU (a Human Rights, Prison Rights group) are on the list of possible placements incorporate education into their framework 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 New York, and will do similar work at Neighborhood House and both 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 greate r insight into their situations and the world around them.I also want to work with indigenous populations, specifically the Quechua people, ho Comment: Incorporate your 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 interested in juxtaposing that with a more diverse 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 amount of research around the Quechua Indians as a social movement in Indigenous People's 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 issue†migration, 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 required to keep Journals, write a paper, do a presentation etc?