BFA704 Work Placement Assignment Sample 2023
Introduction
Experience of work plays a significant role in professional and personal development of individuals. Workplaces assist people in developing their skills and knowledge effectively. The study is going to focus on the analysis of the Buttonwood tree. There is a requirement for efficient skills, knowledge, and experience in managing obstacle situations in a workplace. Appropriate communication and collaboration in a workplace are essential in improving performance of employees. The summary of Buttonwood Tree will be discussed effectively in this study. The interns in a workplace can understand the factors of professional development. Moreover, personal development plans will be depicted effectively.
Summary of organization and learning contact objectives
Summary of the organization
Buttonwood Tree (TBT) company is one of the reputed digital newspaper companies which mainly focused on covering news related to the merging of business. It also details the acquisition of the business in terms of land or assets acquisition. It is one of the prestigious newspapers covering high finance and economical news (Dhana Lakshmi et al. 2021). In the city of New York stockbrokers of Buttonwood tree company aim to set up new trading of securities which is renamed as New York Stock Exchange. The birthplace of the Buttonwood tree company is Wall Street, which is very famous across the world. Buttonwood tree digital news company mainly focuses on covering finance-related news in some specific fields which include Investment Banking, Venture Capital, Bankruptcy, Central banking, and private equity. They highlight the market financial condition and stability which attract new investors in any particular industry.
They focus on reliability on business and quality content making related to their business news. The priority field of Buttonwood tree company is to cover financial news on investment banking which deals with the capital or revenue creation of the company. This revenue or capital creation is associated with different companies, governments, and many other private and public sector entities. Buttonwood tree company covers news about possible solutions to the problems raised in investment banking which is very important to engage customers who are interested in investment banking (Browne and Fetherston, 2018). They briefly discussed how investment banking helps the investor and government to overcome losses in their large projects. In this part, they also briefly discussed the different aspects of finance and investment. Buttonwood tree company high covers the news related to venture capital which mainly focused on the funding of newly founded enterprises and companies.
Venture capital is very important for new companies which have a shortage of funds to invest in their business. It is one of the most important factors which makes new enterprises sustainable in the market. Buttonwood tree covers in their digital news platform about bankruptcy which deals with the restructuring of paying debt by any business organization. Their business news about bankruptcy mainly covers the debt of large and medium-sized companies and their strategies to recover their debt (Martin et al. 2019). The main objective of bankruptcy is to eliminate any kinds of financial distress in any market which may be major threats to the collapse of any market or economy.
Buttonwood focuses news on central banking which saves any company from bankruptcy or collapse. It is one of the most important factors which saves any market or economy from economic recession. Buttonwood tree focuses on covering news related to private equity which helps companies to do their business sustainably. Private equity focuses on directly inventing company assets or shares without any intervention of the government or the public market (Twogood et al. 2019). Buttonwood tree company provides in-depth knowledge about the possibilities of private equity or private funding in a company that faces tough economic challenges in their business.
Learning contract objectives
The authority of Buttonwood Tree provides the services of digital newspapers and there are almost 200 employees in the workplace. As stated by Aderibigbe (2021), human resource management plays a significant role in managing the activities in a workplace and building healthy relationships among employees. Effective cooperation and personal development skills are essential in the development of an organization. There are multiple activities that the human resource management needs to focus on for instance attending evening meets, conducting meetings and staff engagement.
Effective experience in a workplace assists interns in developing their academic skills and knowledge effectively. There is a requirement for identifying personal interests to develop career opportunities. The interns of human resource management in Buttonwood Tree can develop effective career opportunities and can learn multiple interview skills. As per the opinion of Ren, and Jackson (2020), there is a requirement for appropriate problem-solving skills in terms of tackling multiple types of people in an interview. Every learner needs to analyze the opportunities that they can get in an organization. In the present scenario, the majority of employees prefer opportunities for personal development and enhancing knowledge (Przytuła et al. 2020). Since the authority of Buttonwood Tree provides the services of digital news, there is a requirement for innovative ideas to improve future opportunities.
The work activities with HR managers assist to understand different types of obstacle situations that the management of an organization can face. As per the opinion of Kerdpitak (2020), learners get multiple ideas regarding management challenges during the academic period. However, in a professional environment, interns can analyze the difficulties faced by management and improve their problem-solving skills. Buttonwood Tree provides effective opportunities for learning to their employees in terms of improving relations with employees. Since the management of the organization provides news services, employees can develop their skills regarding current affairs. There are several activities of human resource management in an organization for instance recruitment and selection, development and training, employee relations, and performance management.
There can be multiple objectives of an internship in an organization for instance learning about leadership and professionalism, achieving essential background knowledge, and practicing the learning of problem-solving. As per the opinion of Diaz‐Carrion et al. (2018), interns focus on practices, development, training, experience, mentor, goals, opportunities, and skills during internship. The duration of the internship assists interns in enhancing career scopes and understanding multiple kinds of obstacle situations for instance employee management, lack of cooperation, ethics, policies, and inappropriate activities in a workplace.
Analysis of achievements against objectives
A healthy workplace is required to develop products and improve performance. Interns in Buttonwood Tree can develop their skills, experience, and future career opportunities. As stated by López‐Cotarelo (2018), HR managers in an organization need to understand the requirements of employees in completing a project. The primary objective of an intern relies on understanding the environment of an industry, analyzing the strengths and weaknesses, developing knowledge, and enhancing career opportunities. Interns can develop their experiences in Buttonwood Tree by focusing on the activities of joining formalities, global recruitment, recruitment training, and providing feedback.
An appropriate professional environment assists individuals in developing their professional skills. As per the opinion of Lauzon (2020), a learner enters into the professional industry with multiple objectives that can help him or her in future career development for instance effective communication, problem-solving, and analyzing professional practices. The management of an organization needs to provide effective opportunities to interns in achieving their objectives. As stated by Ababneh (2021), there can be a lack of confidence and appropriate knowledge among interns due to which they can face multiple difficulties for instance understanding ethics, policies, and managing staff. The interns of human resource management in Buttonwood Tree need to do job posts and take interviews. There is a requirement for appropriate communication and problem-solving skills in taking interviews and understanding their capabilities.
Human resource management needs to recruit efficient employees by analyzing their skills, experience, and eligibility. There is a requirement for creative skills in the workplaces of Buttonwood tree in terms of developing work activities. There is an essentiality to identify the objectives of an internship and appropriate instructions due to which interns can develop their objectives effectively. As per the opinion of Christopher (2019), in the present scenario, interns need to have the skills of multiple tasks, and technology. Majority of organizations have adopted and implemented advanced technology in terms of improving their work activities. Human Resource Management in Buttonwood tree has provided effective opportunities to its staff in terms of enhancing cooperation and maintaining quality of work.
The activities in a workplace assist individuals in understanding their drawbacks effectively. As stated by Oliveira et al. (2021), every person has different types of interests, objectives, strengths, and weaknesses. People can enhance their knowledge through effective communication and active listening. Discussion among employees in a workplace assists in bringing innovative ideas and understanding the difficulties in a workplace. As stated by Kamau et al. (2020), in academic period learners develop multiple objectives that they can achieve in a workplace. However, in a professional environment interns get more opportunities to develop long term objectives. There is a requirement for appropriate analysis of achievements of interns against objectives to identify their strengths.
An internship provides students with a chance to identify their best field in working at a workplace where the Buttonwood Tree facilitates the students to know their skills and the state of working experience through human resource management. The management should perform each activity to know details of a recruitment procedure where they have to identify the employees’ skills, qualitative management to make the workplace admitted with talented ones (Ogalo, 2020). In Buttonwood Tree the management should know the capabilities of an employee where it would help them to put the employee in the right place. Workplace and its effectiveness matter as to be the catch in the industry where the management assists the company to achieve their goal with a proper set of employees.
The management needs to know and analyze the objectives of the employees as synthesis in their goal helps the institution to get out the proper work in the respective field. As per the opinion of Rodríguez-Sánchez et al. (2018), there is a requirement for effective instructions from management to the interns in terms of assisting them to achieve their objectives. The duration of internship plays a critical role in developing professional opportunities for interns. There can be multiple achievements for interns in a workplace such as gaining confidence, exploring career paths, and developing skills. The interns need to have the knowledge of critical thinking, professional communication skills, adaptability, positive attitude, and initiatives.
Technical skills and organizational skills are required in a workplace to complete organizational activities in time. Since the management of Buttonwood tree provides services of digital news, there is a requirement for appropriate technological knowledge. The management has to conceive the notion of the employees due to the workplace environment and its development. As per the opinion of Rubens et al. (2018), achieving goals and development are the ones that matter in an organization if and only if the employees give their best efforts into the work which can only be identified by the management. Human resource management is the matrix of an organization where they need to know and analyze each employee’s best part in producing work. The management also needs to understand their capabilities in selecting employees as the development of an organization does not run on intuition in the recruitment procedure.
Appropriate training and its management is the most important thing where the employees have to get the needful knowledge about the work. In workplace, proper acknowledgement about working activities can help employees to rethink a renovation or an innovative idea to have which would assist the organization and its internal as well as external structure to be improved. Interns of human resource management in the workplace of Buttonwood tree can develop the skills of current market, digital platforms, advanced technology, and problem-solving. The human resource management in a firm needs to understand the needs and expectations of employees before developing policies (Özer et al. 2020). Equality in opportunities needs to be maintained in an organization to improve employee retention. A workplace can assist learners in understanding the value of equality and policies in a workplace through professional activities.
Reflections and personal development plan
The internship in Buttonwood Tree has supported me in developing my academic knowledge, skills, and experience effectively. As per the opinion of Sichula, and Sichula (2020), a personal development plan is essential in identifying the strengths and weaknesses. The human resource management of Buttonwood tree has helped to understand professional activities and responsibilities of human resource management in an organization. Efficient management is essential in a workplace to reduce the number of difficulties and obstacle situations. There are multiple work activities in the workplace of Buttonwood Tree. I have to focus on contacting new interns, staff engagement, taking interviews, updating HR MIS forms, and selecting eligible candidates. The work experience in Buttonwood Tree has assisted me to gain multiple new skills for instance updating and creating HR MIS forms, taking interviews, conducting meetings, interviewing tactics, and posting job openings in the portal of LinkedIn.
I have understood the significance of this opportunity and my work experience in Buttonwood tree. I have learned in analyzing the merits of people and handle multiple types of applicants in interviews. The work experience in Buttonwood tree has assisted me to identify my strengths and weaknesses effectively. For instance, I have faced multiple difficulties in allocating responsibilities, effective communication, time management, implementing strategies, and managing staff. As per the opinion of Habibian et al. (2018), identification of drawbacks assists individuals in working effectively on weaknesses to develop opportunities. In Buttonwood tree, I have understood the template of meeting minutes. Meeting minutes can be defined as notes that are registered during a meeting. [Referred to appendix 1]
I have analyzed the value of personal and professional development. The instructions of the HR manager in Buttonwood tree have assisted me to develop the skill of taking interviews and tackling multiple kinds of participants in an interview. I have faced multiple difficulties due to a lack of communication skills for instance sharing innovative ideas, engaging staff, and developing planning. The human resource management in a firm needs to analyze business acts and legislation to reduce legal challenges. Employee safety and security need to be ensured by the human resource management in an organization. The usage of a reflective journal diary has supported me to share my opinions and feelings effectively. [Referred to appendix 2]
The work environment has assisted me to develop long term objectives. As per the opinion of Sichula, and Sichula (2020), career objectives assist individuals to focus on professional development. The activities in Buttonwood tree have assisted me to enhance my knowledge, skills, and experience regarding the current market situation. Employee review form has assisted the management of Buttonwood tree in engaging staff and maintaining cooperation in the workplace. [Referred to appendix 3]
The work activities in the organization support me in developing my skills effectively. Efficient career objectives assist in increasing future career opportunities. I have developed my knowledge in digital platforms effectively for instance work activities, and advantages of digital platforms. In Buttonwood tree I have understand the concept of copies of emails, business reports, documented working practices, and employer feedback effectively. [Referred to appendix 4, 5, 6, 7]
| Skills | Timeline | Improvement strategy | Future benefits |
| Allocating responsibilities | 10 days | Identifying the skills and capabilities of employees can support me in allocating effective job responsibilities. A healthy relationship between employees and human resource management is essential in developing future opportunities (Harun et al. 2021). | I can allocate responsibilities effectively and complete projects within time. |
| Effective communication | 20 days | Group communication and active listening can help me in developing my communication skills effectively. I will communicate with employees to understand their expectations towards the organization. Active listening and appropriate discussion can support me in developing my skills effectively. | I can develop cooperation in the workplace through effective communication. Effective communication skills can help me in building a healthy work environment and develop cooperation among staff. |
| Time management | 25 days | Time is the most important entity for a business to survive in the long run and I think the proper implementation of it can bring possibilities to have a prosperous outcome. In the organization, the time management can be improved with the decision-makers plan to be executed in a time where the market can change its direction by putting innovative ideas into it. An appropriate action plan can help me to improve my skills of time management. | In the future, I can develop business activities effectively. I can set effective duration of business activities. |
| Implementation strategy | 30 days | Strategy holds an important attribute in running an organization at full pace as without strategy a business could hardly survive in the marketplace. I will focus on efficient market analysis and identification of employees’ needs and expectations in terms of implementation strategy. | Future of appropriate strategy can help the company to foresee the development as well as mine to achieve the skills of executing it. I think the strategies that will be made by the brainers of the company will provide proper output because it can increase confidence and an ability to do something unique with time. |
| Managing staff | 25 days | I believe that proper staffing and training are needed to have acknowledged working knowledge. Managing the staff gives probable outcomes with their working effort that drives the image of the company to a summit in the marketplace (Bukharina, 2018). Effective communication can help me in developing a healthy relationship with staff and developing effective engagement. | Managing staff can help me in gaining knowledge about the employee handling procedure. I came to know during my internship that the proper training of them can increase expectations of both the company and employees. This knowledge can help my future to be a bit expert in managing proper productivity of employees. |
Table 1: Action plan
(Source: Bukharina, 2018)
Conclusion
Based on the above discussion it can be concluded that a personal development plan is essential in developing career opportunities for learners. In the present scenario, Human Resource management plays an essential role in a workplace in developing activities of an organization. The activities in a workplace can support interns in understanding the professional environment. Time brings experience and knowledge about the market and its variable direction as per the current trends and creative thinking to rebuild market position. The management of an organization needs to provide effective instructions to the interns in terms of achieving the objectives effectively. A professional environment assists individuals to develop long term career objectives and enhance their professional skills effectively.
References
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