Current Trends and Services Essay Example | Topics and Well Written Essays - 1000 words

Current Trends and Services - Essay Example Current Trends in Workforce Recruitment Workforce recruiting is crucial to every organization and company as it brings with it new technology and more productivity. One of the current trends in workforce recruiting is the increased rate at which people tend to find new jobs after almost every three years. Currently, it is also important that one becomes computer literate and upgrade their skills in line with the current technology. While recruiting their workforce, the employers look for someone who is capable of keeping up with the market trend. For instance, a software developer should be aware of the changes in software development that are occurring at a phenomenal rate. Another trend in workforce recruitment is the overwhelming number of women who have entered and are fruitfully climbing the corporate ladder (Hankin, 2005). Moreover, there is an upcoming trend whereby smaller businesses are recruiting more workforces as opposed to bigger companies. This can be attributed to the increased growing rate of technology. Current Trends in the Payroll Management Payroll management is an important part of every company hence most companies are always striving for better effectiveness in their payroll management. Various trends have occurred in payroll management. ... This service sector has also adopted trends such as singe disbursement per pay cycle and circumventing of cycle payments that are done through investigation and eradication of errors. Currently, most companies are able to process payroll which include all required tax expenses, deductions and produce reports for their employees. Current Trends in the Accounting Services Currently in the accounting services there is more emphasis to shift from general accepted accounting standards to the international financial reporting standards. Changes in revenue recognition methodology have also taken place recently. This affects how particular sectors determine revenue recognition. This has significantly affected the construction industry. Current Trends in Call Center Functions One of the trends embraced today in the call center functions is the transition from traditional call center to multichannel contact center. There is also the integration of the current wide range of data and media chann els thus establishing a unified call center environment as stated by Friginal (2009). This environment includes: multichannel services on joined networks; IP networks and IP-supported voice application; and Customer Relations Management and business applications. Today a customer interaction network is founded in an IP-supported architecture that upholds a constantly changing set of multichannel services. This environment includes: multichannel services on joined networks; IP networks and IP-supported voice application; and Customer Relations Management and business applications. Today a customer interaction network is founded in an IP-supported architecture that upholds a constantly

Business opportunities in the leisure goods and activities industry Essay - 1

Business opportunities in the leisure goods and activities industry - Essay Example Even in the leisure industry, there are two types of recreation: firstly, when an individual participates in a physical activity such as playing football, cricket, hockey, tennis, squash, playing some music through piano, flute etc., doing some sort of gardening or acting. The other type of recreation is where the individual is not physically involved. Rather, it is the mental activity such as watching television, playing games on computer, listening to music, attending concerts, or going to a restaurant. The first type of recreation is very rewarding and motivating. On the other hand, the latter makes people feel good and relaxed. Huge amounts of income are being spent on activities such as eating, drinking, and watching movies in cinema. FACTORS AFFECTING LEISURE INDUSTRY Leisure goods and activities industry is no doubt expanding but, these sectors are greatly influences by the recessionary pressures. The most common factor that affects this sector is the disposable income. Althou gh, everyone pays attention to this sector but the expenditure is highest in those regions where consumers have plenty of time and money. For example, the UK boating industry acts as an area of strength for the UK manufacturing sector. The leisure boating sector is becoming around ?2 billion turnover industry. The industry which makes the greatest turnover and also generates job opportunities is the strength of a country. The growth of this industry has also increased the tourism activity in UK. Tourism activity is interrelated with other businesses, government and also the local residents. Tourism industry attracts a lot of labor and generates high income. Therefore, spending in the tourism industry benefits the economy on the whole. It also buys goods and services from others businesses and pays out salaries to the employees. This further buying of goods and services is known as the secondary sales and creates a secondary economic effect. It creates additional income and job oppor tunities in those sectors which provide to the tourism industry. The tourism industry would generate business for the beverage industry, the snack industry, construction industry and the government also. In UK, the imports of sporting goods, musical instruments and toys were ?6.6 billion in 2005 where as the exports were ?803 million. TRENDS IN LEISURE INDUSTRY Sports goods form a large proportion of the leisure goods industry. Sports are a major part of the entertainment culture. It is not linked to one industry, rather, a range of different industries are involved. Throughout the world, sports form a major part of the sales and purchases of a country. Taking an example of New Zealand, the gross output of sports sector increased by 2.5% per annum from 1996 to 1999, and it became the largest contributor of the sports clothing manufacturer. Real value added was up by 0.4% p.a. of the physical leisure industry. Nominal household expenditure increased by 16.6% p.a. over the period of 1 996-1999 in the coaching services and clubs sector (Goodchild et al. 2000). There is an increasing trend of leisure and entertainment as the technology has improved. Even though the leisure goods industry has been increasing but in 2011, the toys industry of the U.S. market has declined. The major manufacturers of the toys are the Chinese industry where inflation has hit very strongly. This inflation has