Wednesday, May 6, 2020

Literature Review of Reckon

Question: Discuss about the Literature Review of Reckon. Answer: Introduction According to Osman, El Beltagi and Hardaker (2015) in the last few years, there were significant changes happened in the business scenario as well as accounting profession. The accounting software packages like Reckon is used by the small and medium business organizations help them to meet their current and future business requirement by analyzing their expenses and revenues from the business. Using the results from accounting software package, the organization can also develop business strategies in order to have competitive advantage in the market. The following report contributes to the history of Reckon one, development, adoption of the package, current market size of the package, leaders and competitors in the market. Furthermore, the report also comprises discussion on the challenges the product faces in the market and recommendations to improve the performance. History of Reckon Reckon is limited was established by Greg Wilkinson in the year 1987, and the company was selling accounting software packages in Australia that were developed and designed in UK. In the year 1993, the company first provided the personal finance software named Reckon Quicken (Manochehri, Al-Esmail and Ashrafi 2012). In the next year they released its first business accounting solution as Reckon QuickBooks. In the year 2002, the company tied up with Microsoft so that the solution can integrate with the Microsoft office package. After this, in the year 2013 the company launched the automated data entry application as Reckon Syndirect. In the year 2016, the company released the most awaited module of payroll management. This module is named as Game On. The accounting packages are made to meet the requirements of small, medium and larger business accounting process. Presently, the company is providing accounting support with its package to almost 600, 000 business organizations throughou t Australia and New Zealand. Development and adoption of Reckon Previously the company provided the traditional accounting software packages to its clients. In the year 2013 the company realized the change in the demand from the clients side (Geerts et al. 2013). After this, they launched the cloud based solution for which the clients have to pay for the services as they use it or on a subscription basis. Figure 1: The logo of Reckon (Source: Reckon Australia, 2016) The Reckon is a effective accounting software package, that ought to give an exact and far reaching comes about of operations, which permit brisk correlation amongst present and earlier years information, offers the monetary explanations to be utilized by potential creditors, financiers and administration, encourage recording reports and taxes paid(Manochehri, Al-Esmail and Ashrafi 2012). The Company also used the Hubspot so that it can attract more number of customers. In addition to this it also helped them to increase the rate of conversion from just a website visitor to a potential lead For the business organizations the use and implementation of the accounting software packages is related to tremendous investment and change in the different existing accounting processes. On the contrary, the Reckon provides a flexible payment options (Geerts et al. 2013. Most importantly, Reckon provides a 30 day trial for the new visitors or potential customers. In this way the organizations can check the compatibility of the accounting package with its accounting process needs (Robb, Rohde and Green 2014). Moreover, as the company provides different kind of accounting services like, reckon Loans, Reckon Smart vault, Reckon accounts desktop, Reckon point of sale and Reckon invoice. Using these tools the organization can have flexibility in the financial reporting process, designing the chart of different accounts of the business. Current market size of Reckon According to different surveys it is seen that, Reckon acquires 5% of the business of accounting software packages in Australia. The rate is lower than its competitors as the package provided by the company is not a compact one. Therefore the clients have to subscribe for different packages for every accounting process. Till now, the total number of organizations using the services of Reckon is 600,000 and the number of accounting professionals is over 6000. Figure 2: Market share of Reckon in Australian market (Source: Henny et al. 2013, p.192) As per the a given on its official site, 14 % of the Australian companies are registered by them and 70% of the top accounting firms selects its software solutions compared to other packages.in addition to the company claims that, more than 560,000 users shares their financial documents with their solution reckon smart vault that provides an online cloud based services in order enhance the efficiency of the workflow of their organization. Leaders in the market and reasons that gives them the competitive advantage In the Australian market there are several other accounting software solution package providers that are way ahead of Reckon. Some of them are, MYOB, Xero, SAASU and INTUIT. In case of the INTUIT, it provides optical character recognition for the bills in order to automate the data entry operation (Robb, Rohde and Green 2014). Furthermore, it also provides an ecosystem of large number of apps that helps in completing the accounting services on the go. Again in case of SAASU, the users of the solution can create custom limits for the transactions; the payroll module calculates the taxes automatically without the help of the human interference. In addition to that, this package is also chosen by the organization due to its ability of forecasting the cash flow of the organization. MYOB helps the organization by providing innovative work flow function (Smart bills). In addition to that, ability to include mobile payments in the business and invoice integration makes it an obvious competitor of the business organization. Xero provides cloud based services similar to the Reckon. In addition to this, it also eases the banking operation of the business organization as the solution has auto coded bank rules in it. Furthermore, the solution has large group of connecting apps to complete the different accounting process. It helps the accountants to do their tasks on the go using their smart devices like smart phones and tablets. Current gaps or challenges encountered by users or customers of accounting software In implementing and using the Reckon software package, it is important to store all the previous business data of the organization so that the integrity of the business can be maintained. This conversion of data needs a lot of time. At the same time, while entering or integrating the new Reckon package it is important to have ensure the accuracy and integrity of the financial data. Again as the data is stored in the cloud, therefore the business organization would not have any control over its financial data and it has to depend on the Reckons security mechanisms. This causes lack of confidence in the clients of Reckon and consequently affects the adoption of the package. Even though the services are provided through the cloud based services that needs lesser amount of hardware and software equipments but on the contrary to maintain the whole process, the organization has to hire technical experts that will incur more expenses for the accounting process. Reckon provides different packages for different financial process (like payroll module for maintain the salary of the employees, invoicing module for managing the purchase and sales of the organization etc. (Robb, Rohde and Green 2014). Therefore, the business organizations have to subscribe for the different modules and pay for each module they require. Maintenance and up gradation is another challenge in using the software solution package provided by Reckon. As the cloud based services are updated with time, then the hardware, software and network equipments used by the client organization must be upgraded which will again ask for a lot of investment in order to have compatible equipments to continue with the services provided by Reckon. Recommendations Even though Reckon is providing cloud based accounting solutions to the business organizations in Australia but it does not have the expected growth and market share in the Australian market. Therefore, some recommendations are listed below that can improve the performance of the business of Reckon. Providing project module: As stated above Reckon has launched the payroll module in this, but it still has not released its project that is important for the organization in order to determine which employee is working under a particular project and the amount of salary. Better security to gain confidence: The organization should think about providing better security to the financial data using different security techniques like encryption of the data. This will encourage the customers to select Reckon for their business. Better API: The solution of Reckon suffers from lack of APIs that is important for swapping the financial data with other cloud programs and integrate with them. Conclusion In the above report we have provided discussion on the history adoption market share and current challenges faced by the clients. As there are several competitors in the Australian market, therefore Reckon should think about providing tailored solution for different business organization in a compact package so that clients do not have to subscribe several times for the different modules. In this way the company can be able to acquire larger market share in Australia. References Boonstra, A., 2013. How do top managers support strategic information system projects and why do they sometimes withhold this support?.International Journal of Project Management,31(4), pp.498-512. Geerts, G.L., Graham, L.E., Mauldin, E.G., McCarthy, W.E. and Richardson, V.J., 2013. Integrating information technology into accounting research and practice.Accounting Horizons,27(4), pp.815-840. Guthrie, J., Burritt, R. and Evans, E., 2012. Challenges for accounting pathways in Australia in 2012: an introduction.Emerging Pathways for the Next Generation of Accountants,9. Henny, H., Lianawati, C., Hari Setiabudi, H., Diana, Y. and Merlin, S., 2013. Evaluation of utilization information technology on kopwani accounting information systems using cost benefit analysis and gap analysis.. Khaneja, S., 2015. E-Accounting in the Current Scenario: Impact of Information Technology.The International Journal of Business Management,3(9), p.290. Manochehri, N., Al-Esmail, R. and Ashrafi, R., 2012. Examining the impact of information and communication technologies (ICT) on enterprise practices: A preliminary perspective from Qatar.The Electronic Journal of Information Systems in Developing Countries,51. Muchekeni, M.M., 2014. An analysis on the impact of using Ms Excel as accounting software in SMEs: a case of Khangela General Supplies (Pvt) Ltd. Osman, E., El Beltagi, I.M. and Hardaker, G., 2015. The Impact of Leadership Orientation on Strategic Information System Planning Processes, with an Application to Libyan Organizations.Information Technology for Development,21(4), pp.601-627. Reckon Australia. (2016).Reckon | Accounting, Business Bookkeeping Software. [online] Available at: https://www.reckon.com/au/ [Accessed 11 Dec. 2016]. Robb, D.A., Rohde, F.H. and Green, P.F., 2014. Standard Business Reporting in Australia: efficiency, effectiveness, or both?.Accounting Finance. Walther, S., Sedera, D., Sarker, S. and Eymann, T., 2013. Evaluating Operational Cloud Enterprise System Success: An Organizational Perspective. InECIS(p. 16).

Tuesday, April 21, 2020

The Differences between the Chesapeake and New England Area in Colonial Times Essay Example

The Differences between the Chesapeake and New England Area in Colonial Times Essay The Differences Between The Chesapeake and New England Area In Colonial Times Europeans began the colonization of America in the early 1600s. In the beginning they all came to escape from something in Europe, and while there were many various reasons for leaving, most were fleeing from religious persecution. The other main attraction was economic prosperity in a new world rich with resources, to either be sent back to Europe, or to simply use here and make a new life for themselves, better than that which they had back home. The English colonies of the Chesapeake nd New England were similar in terms of who founded them ( English settlers), but the similarities pretty much stopped there when it came to reasons for settling, and once they had established themselves how their economies and societies were set up. They differed greatly in economic structure, religious beliefs, societal structure, and also population make-up. The two regions were very close, but in the end became two completely different regions with unique identities. The New England area was originally settled by people seeking religious freedom in the new world. They were primarily Puritan Separatists. They decided to come to the new world after the Church of England separated from Catholicism in a decision made by King Henry VIII. Although the Church of England and Catholicism were no longer intertwined, they still felt they did not have the entire amount of religious freedom they desired. They decided that the best course of action would be to head to the new world so they could start a society in which they could practice their religious beliefs freely and without persecution. We will write a custom essay sample on The Differences between the Chesapeake and New England Area in Colonial Times specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Differences between the Chesapeake and New England Area in Colonial Times specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Differences between the Chesapeake and New England Area in Colonial Times specifically for you FOR ONLY $16.38 $13.9/page Hire Writer They were also Joined by some quakers and catholics who had not Joined the church of England, who also wanted reedom to practice their religious beliefs how they saw fit. Although they came to the new world to start a society based on living a religious life,having religious freedom, and being a tolerant society, in reality they ended up being very pompous in their beliefs as being holier than thou towards the other colonies. This is because their entire societal structure was based on religion, and living as virtuous a life as possible. The Chesapeake region could not possibly be any more opposite of the New England region when it comes to their religious beliefs and practices. The Chesapeake region was founded primarily for economic gain, and therefore religion was not the cornerstone on which it was founded, as was the case with the New England region. The primary church in the Chesapeake region was the Anglican church. Religious participation and emphasis was very low in the Chesapeake region. Due to this their society was not structured around religion as was the New England region, instead it was structured around economic prosperity. The New England regions societal structure was completely based on religion due their being founded on the basis of religious freedom. This meant that everyone in the region was very faith oriented, and conducted themselves as so. The population in the New England region was almost completely white Europeans. There was very little to no commercial agricultural operations in this region as they came with the intent of religious freedom and not economic enterprise. Due to this they relied primarily on subsistence farming to provide for their wants and needs. The only real commercial ventures in the area at the time were ship building and woodworking. This led to their being a large amount of urban development in the area at the time ue to the need to house all of the people who lived in the region. They could afford the land to house as many people as they wanted since they did not need the land to use for farming and other agricultural endeavors as they were not concerned with making a profit off of them. In a very stark contrast to the societal and economic makeup to the New England area, the Chesapeake area was once again a polar opposite in almost every aspect mentioned above. The Chesapeake area was not founded on pursuit of religious freedom, but instead in the pursuit of economic prosperity. As such there society was completely structured around economic ventures and financial gain, primarily through the agricultural industry. The main cash crop for the area during this time period was Tobacco. Since they were focused entirely on agricultural enterprises and making as much profit as possible, their population makeup was very different as well from the New England areas population. They Chesapeake region was absolutely chock full of slaves. All of these slaves were needed in the area to work the agricultural fields at a low cost, or simply the nitial cost of the slave. Implementing slaves into the equation meant that all of the owners of these agricultural enterprises were able to maximize their profit, and therefore become very wealthy, which was the original idea behind founding their region from the onset. Due to this practice the regions population was primarily made up of slaves. It required a lot of slaves to work the immense amount of agricultural areas that were found throughout the region, and so they brought as many slaves over from Africa as they could. As a result of the area being founded olely for the purpose of agricultural enterprising and economic profit, there was very little actual urban development. Although the regions eventually Joined in the formal formation of the American colonies, they were completely different regions from the onset, and during their time. The Chesapeake region being founded completely for economic gains, while the New England region was founded entirely for the pursuit of religious freedoms. The societal structure of the Chesapeake area was completely founded and based upon economics, while the societal structure of the New England Area was almost ompletely faith based. The population structure in the Chesapeake area was almost entirely land owners and their slaves, while the New England area was simply comprised of white Europeans. There was no real heavy economy in the New England area at the time aside from ship building and wood-working since they were entirely focused on their faith, and in contrast the Chesapeake was completely focused on and centered around their agricultural economy. In the end although they were different, they came together and formed the beginnings of what is now our nation as we know it today.

Wednesday, April 15, 2020

How to Write an Essay

How to Write an EssayThere are some essay samples out there on the internet that can really help you learn how to write a successful Walmart essay. This essay is simple, very well written and very convincing. You are not going to believe this, but the essay has been copied over 500 times!The writer spent hours perfecting the structure of his article. The writing style is appealing to all. The grammar is impeccable. It has been revised, but still manages to be interesting and meaningful.I know that some people get frustrated at this essay sample because they feel like it is too good to be true. I have seen articles that look professional, but I have also seen copy written by someone who copied the essay as well.The fact that he or she put a lot of work into the copy and improved the structure of the whole article shows that they really tried. The Walmart essay sample is just a proof that you do not have to resort to plagiarism to produce impressive essays.The essay sample is an excell ent example of how to write an article. You should make it a habit to keep your copy looking like a professional one. It will come across to the reader in a good light and if you plan on borrowing it for a class project, you will show your hard work and put yourself in the high grade club.The Walmart essay sample is not about copying or plagiarism. It is an original article. That is what makes it so impressive. Most people will think that you are a genius for even attempting to write an essay that you did not write.If you are studying on the topic of essay writing and you want to see how an essay should be written, then you need to spend time practicing the pieces that you write. The better you get at writing an essay, the better your essays will be. That is why the Walmart essay sample is so effective.The Walmart essay sample will catch the attention of most readers. They will be interested in reading what you have to say. They will be excited to know that someone has taken the tim e to write something that is not too original. They will be amazed at the originality of your writings.

Monday, March 16, 2020

Saving Private Ryan Directed by Steven Spielberg Essays

Saving Private Ryan Directed by Steven Spielberg Essays Saving Private Ryan Directed by Steven Spielberg Paper Saving Private Ryan Directed by Steven Spielberg Paper Essay Topic: Film Directed by Steven Spielberg and acted by Tom Hanks, Saving Private Ryan, won the hearts of millions with its action packed storyline. Captain Miller (Tom Hanks) and his unit go on a mission to find Private James Ryan (Matt Damon), to tell him that his brothers have died at battle. The film also won three different types of awards. The Golden Globe, The Oscar and The Grammy. Steven Spielberg has directed the opening battle sequence to be shocking and realistic, by using desaturated colours. This is effective because it shows the difference in time from the graveyard, which is present, and Omaha beach, which is the past. Another good effect is the use of the handheld camera. The cameraman follows captain miller up the beach and then zooms in on his face. This makes it look like were there. The final dramatic and realistic things are the special effects. The pyrotechnics, like the gunfire and explosions look real. The make-up looks like there really are wounds and blood. These play a big part in the whole of the film. Scene one is an effective opening scene. It opens on an American flag. This is patriotic. It makes the Americans feel proud about their country. As it cuts from the flag, a man and his family are walking down a path, the man is James Ryan, we find this out later on in the film. We then find out they are walking to Colleville Sur Mer, James Ryan then walks past gravestones. He then falls to his knees. There is only one word of dialogue in this scene and that is James son shouting him as he walls. The camera then zooms into his eyes then cuts to Omaha Beach. There is a sudden change of colour it goes from a contrast of white, green and blue to a foggy dark war site. This is the desaturated. This is effective to the audience as it shows the time going from present to the past. Our first sights of scene two are the iron hedgehogs. The camera then cuts to the soldiers on a small boat, travelling to Omaha Beach. We see Captain Millers hands shaking as he gets his drink from his pocket. We witness soldiers being sick. A man shouts Thirty Seconds. Soldiers start completing rituals and kissing crosses. The hatch comes down and then the Germans open fire. Lots of Americans are killed instantly. Soldiers jump into the water but they are shot there, one soldier drowns as the string off his bag strangles him. The camera bobs on the water, as if we were there. We then follow Captain Miller up the shore. We hear bullets whistle across the air. The camera then goes to the Germans viewpoint. The handheld camera comes into effect and follows Miller across the beach. The sound mutes and its as if we can hear his heartbeat. A man is looking around for his arm. This is shocking because his arm is missing and its realistic because when he finds it, it looks real. The hand held camera and the muted sound then comes back into effect. Miller is gathering with his unit behind a sand bank. This scene makes the audience want to watch on. As the audience, I was shocked that the soldiers would go through that for their country. First of all we hear miller shouting call the search party where they are. The handheld camera is still in use. Soldiers try to stop a man from dieing but he then gets shot in the head. This rages a soldier and he then starts verbally threatening the Germans even through they cant hear him. The whistling bullets play a big part in this scene because theyre always being fired. Soldiers start to put together a pipe bomb. The camera cuts to a man shot on the helmet. For some reason he takes off his helmet and gets shot in the head. This is really effective because its just minor things like that that can cause deaths. The camera then goes back to the soldiers on the sand bank. They light the pipe bomb and throw it behind the sand bank. It explodes sending debris high up into the air. This must confuse the Germans as the soldiers run for better cover. This scene effects the audience differently than scene two because there arent as many deaths. This scene starts off with captain miller getting a mirror from his pocket a knife from another soldier and chewing gum from another. He sticks the mirror to the knife and looks round the corner. He points out a couple of enemy soldiers in the mirror. Soldiers begin to move in and shoot the Germans. He then calls in his best gunman, and shoots and shoots one man. Then he repeats this and takes out the other soldier. Miller confirms that the area is clear. They move on up the hill. The camera cuts to soldiers running up the beach. Soldiers then shoot at enemy soldiers trying to run. Eventually American soldiers find a small base and raid it. Then they burn it so all soldiers run out and crawl to their death. All of a sudden soldiers start to surrender and start to run away. Then a soldier played by Vin Diesel finds a knife. He gives it to a soldier and starts to get emotional. The camera cuts to soldiers lying dead on the beach. This scene effects the audience differently than all scenes because the Americans are fighting back. At the beginning of the film, at Colleville Sur Mer I thought it was going to be a boring film but when I carried on watching it I got into it. The opening battle scene is really shocking. I knew that it was going to be violent from what I already know. When James Ryan is walking through the gravestones he is really upset. If I was there I would have been sad because thousands of people died but I wasnt alive then so, I wouldnt be really upset. The opening battle scenes are shocking because stuff like this really did happen and this many people really did die. The scenes were realistic all because of the special effects. The gunfire whistling, the bombs booming and the make up looks realistic.

Saturday, February 29, 2020

The paintings of 2 wheel building Essay Example | Topics and Well Written Essays - 1500 words

The paintings of 2 wheel building - Essay Example The paintings of the house display the modernist housing that tries to displace the immersed relationship traditional notions about housing, the exterior and interior decorations of this house designed by Goldfinger as initially considered by many experts of architectural arts as the manifestos of modernity, the paintings and decorations in the interior sections of the two wheel building allows for an experience of the atmosphere that matches the conditions in the nineteenth century dwellings. The paintings of 2 wheel building communicate the architect Goldfinger's feeling about life. The paint decoration designs of the two wheel road house portrays a strange attraction, since it provides an aesthetic procedure that can be used to legitimate Goldfinger's understanding of what life pertains. It is understood that Golfinger's main motive in designing the 2 wheel house was to get a permanent resident for his family the interior designs that include the painting works of the house is the main painting of what he understood about life. In any architectural work, the architect can use the paintings to communicate the association of his understanding in regard to the real life perspective. This relationship aids in communicating the designers feeling about life. The exterior decoration gives the two wheel house unique appearance. The exterior decoration of the two wheel road house is made of stone, bricks, and concrete that makes it look as a hybrid project as it is not made to have the general modern.

Wednesday, February 12, 2020

La Marseillaise, the Internationale and The Horst Wessel Song Essay

La Marseillaise, the Internationale and The Horst Wessel Song - Essay Example During different radical and political revolutions occurred in different parts of the world songs are created with motivating lyrics and several propaganda movies have also been produced to influence the behaviors and thoughts of masses(Parker, p126). Some of the popular songs in the history of world revolutionary politics include La Marseillaise, Internationale and The Horst Wessel Song. These songs have been writing during different time spans to advocate the political revolutions of in France, Russia and Germany however these songs are not limited to these countries and nations only but have inspired the whole world through their enthusiastic way of motivating and rousing people towards political changes and revolution. These songs enjoy worldwide popularity and appraisal and they have become international songs of revolution and radical political movements. The essay discusses the importance and role of these songs in fostering the movements during which they were written and pub licized and also illustrates the importance of songs and mass media messages by taking example of Riefenstahl’s political propaganda movie Triumph of the Will. La Marseillaise also called The Marseille song is the national anthem of France. The song was originally titles as the war song for the Army of the Rhine. The song was written in 1792 by Claude Joseph Rouget De Lisle and three years later in 1795 it was adopted as the first national anthem of the country. The melody of the song was adopted from a theme written by Giovan Viotti in 1781. Soon after its composition La Marseillaise received popularity among the masses. People started singing this song on the streets and it became the rallying call to the French revolution (Darnton and Roche, p60). The lyrics of the songs reflect the French invasion by the foreign invaders that came from Austria and Prussia and later the invading forces were repelled from France after losing the Battle of Valmy. However, later the song was banned by Napoleon I, Louis XVIII and Napoleon III because they viewed the song threat to the stability of peace within country. During the regimes of these rulers other songs were adopted as national anthem of France however, in 1879 it was restored as French national anthem and it was widely accepted that La Marseillaise was not only the anthem of France but it became the anthem of the international revolutionary movements occurred during the nineteenth and early twentieth centuries (Prescott and Nelson, p87). The song played active role in motivating people and geared up their emotions towards fighting for social and political change in the society. La Marseillaise proved to be an impressive song with strong, passionate, encouraging and emotional lyrics and zealous music composition (Parker, p126). Another important and popular revolutionary song is Internationale that was originally written in French language soon after the demise of the Paris Commune by Eugene Pottier who was a revolutionary exile. However, the song didn’t remain engaged with the French revolution but it soon became the international anthem of the working class all over the globe. The song gained the attention as the common voice and expression of the people having firm belief upon socialism. The song gained popularity

Friday, January 31, 2020

Negotiating One's Salary and Benefits Essay Example | Topics and Well Written Essays - 2500 words

Negotiating One's Salary and Benefits - Essay Example Writing out applications and covering letters, attaching resumes and visiting job interviews till one is selected is a laborious process but one does ultimately learn what works and what doesn’t in the real world. The proof is that one, finally, gets the job - now what comes next? The question of salary and benefits during the selection process has brought out varying reactions from a number of different candidates. While some people embrace it as a way of proving their net worth in the market place, others fear and label it as unpleasant because it is likely to intervene in negotiations and could keep them back from joining a company. Thus, negotiating salary and benefits refers to the ability to know what the worth of your skills is on the marketplace. This is a tremendously essential requirement for job seekers who want to be shown the career paths available in an organization. Salary negotiation typically starts after the candidate has proved of some value or purpose to an employer or even on the basis of his or her job profile, career path adopted so far and prospects and potential for the future that an employer sees in them. Sometimes a candidate can overvalue himself or herself and, thus, disqualify oneself out of the reckoning for the final selection. In an employer’s market especially during a downturn this can leave many worthy, experienced and capable candidates feeling undervalued or not being required. If the candidate relents and joins the organization at a lower salary than he is worth. , no doubt the employer will get excited and eager to welcome the candidate but this euphoria will typically be short-lived since the candidate is liable to switch in the event of a better position available elsewhere at a later juncture. It is clear that the salary and benefits issue remains paramount in the job market, as well as opportunities for promotion and growth in employment because it has been seen that management is already intent about taking the best of value from an employee but hesitates to pay him or her what they are really worth. What organizations don’t realize are that it takes a lot of time and effort to advertise, recruit, interview, select, orient and train every employee and there are a lot of resources involved in training and development of an individual. It is customary for both prospective employer and job seekers to engage in these activities. So if the rewards and promotions are not commensurate with the efforts that the employees are putting in, ultimately they will leave and join other organizations, primarily competitors in the same industry. Looking at salary and benefits as part of the total compensation package is a much better prospect. As long as the emoluments are enough to keep the home fires burning, the inexperienced candidates should understand that their qualifications will be undervalued until they can attach some relevance to it in terms of earned experience or projects handled and completed so that they get some feeling of the real world in action. After spending at least 2 to 3 years in their first job they can claim to have learned the ropes and begin to hold their own in