HR7004 Mental Wealth Assignment Sample

PART 1- Reflective report on learning

MBA skills are important skills which helps people in learning about new things that will support them in making their career bright. By attending the sessions, I have learned about skills in which I have developed my skills like social and emotional intelligence, referencing, presentation skills, presentation visuals and many more. I have also learned about the different topics which was covered in academic English such as referencing, planning about assignments and cohesion.

This skill is very important for people who wants to make their career bright and make themselves professional. This competency has helped me in gaining a full understanding of academic English (Zambrana, 2022). For me attending a session related to academic and presentation visuals and skills can be an eye-opening because before attending this session I was unaware of the facts of management.

I was so happy that I am understanding about various aspects such postures, communication skills and importance of eye contact in presentation skills. With the help of this session, I have also gained awareness about common challenges related to reading and using sources which need to be cured immediately. I have also learned many effective strategies to deal with such challenges as time management, attending workshops and planning.

In addition to this, the session related to presentation and presentation visuals has also taught me that there is no harm in asking and seeking support from loved ones whenever needed while giving presentation. I may have learned about the methods and effective strategies to improve my communication skills, which I think is an important soft skill.

This in turn will help me in making good relationships with others. Overall attending this session can be valuable for me in the future as it gives me basic knowledge and perspectives that can enhance my level of understanding academic English.

PART 2- Research proposal

Title: To Invest in mental wealth: exploring the link between psychological well-being and financial success.

Introduction

The primary objective of conducting this research is to determine the different factors which are related to mental wealth that takes place in today’s environment (Zambrana, 2022). The overall benefit of conducting this study is to show the importance of mental wealth in the context of professional fitness and leadership.

Background of the research

In today’s era, working in professional fields is a quite challenging and complex task for business professionals (Bishop, 2022). They have to manage everything from work management to stress management. As people continuously work for the betterment of the organization they forget to take care of themselves as a result suffer from mental health issues. Many organizations are using effective workshop activities, seminars, and other learning methods to develop learning and reflective practices.

Problem statement

As business professionals managing organisations, employees will find themselves working in complex and changing global environments (Rose et. al. 2023). This is the major problem as they don’t get time in managing their stress level as a result it leads to anxiety and depression. For instance, they are unable to develop their financial management skills too in the context of their professional career.

The rationale of the study

The main reason for undertaking this research is to identify the significance of mental wealth which has a direct or indirect impact on well-being and financial success (McGorry et. al. 2022). for instance, it is important to identify the major factors and challenges pertaining to emotional well-being and mental wealth.

Aims and objectives

Aim: The main aim of this research is to examine the relationship between psychological well-being and financial success including factors like emotional well-being and mental health.

Objectives:

To investigate the importance of psychological well-being in professional life
To identify the impact of psychological well-being on financial success such as investment
To explore the potential factors and challenges that may influence mental wealth, emotional well-being, and financial success.
To provide suitable recommendations to improve well-being and enhance the financial success.

Research questions

Explain the importance of psychological well-being in professional life.
What is the impact of psychological well-being on financial success such as financial investment and savings?
What are the potential factors and challenges that may influence emotional well-being and financial success?
What strategies can be used to improve well-being and enhance financial success in a professional career?

Research gap

Addressing the research gap is an important task, for the current research limited research on the specific psychological factors such as financial decision-making and self-efficacy is the main research gap.

Literature review

As per the views of Occhipinti et. al. (2023), Working professionals find themselves working in a challenging global environment. Therefore, the management has become increasingly focused on self-development and improvement in skills like emotional and social intelligence, and psychological well-being. By improving such skills organizations are able to manage professional practice among employees.

Mental wealth is a hot topic and interesting one which aims to develop a full range of skills and competencies which is required in a range of potential careers. If an employee focuses on advancing their emotional, cognitive, and social intelligence then they are able to achieve professional development. McGorry et. al. (2022), shared their point of view Psychological well-being has been directly related to enhanced high levels of job performance.

Whenever employees working in an organization experience positive mental health they are more likely to be engaged and productive in their work which in turn helps the company in achieving success. employees with these social and emotional intelligence skill able to solve problems effectively and manage stress.

This in turn will help in developing the relationships among people and enhance the workplace environment. In addition, they are able to make financial effective decisions which can help in achieving financial success and factors like financial management skills, budgeting, and savings.

According to Bishop, (2022), psychological well-being can have a significant impact on financial success such as savings and budgeting in a proper manner. If an individual is positively managing well-being, then it will help them in making strategic decisions. well-being including factors like self-control and cognitive functions can be achieved by an individual which helps them in making healthy decisions for future success.

Supporting this statement, Horwood et. al. (2022) says that psychological well-being can also positively impact the financial management skills of an individual as they can easily make decisions related to finance and manage investment-related decisions. once they achieve these factors, they are able to set financial goals and continuously monitor it for improving their financial behaviours. This in turn will make them stress-free and enhance their financial confidence.

McGorry et. al. (2022), argued that psychological well-being can improve the positive mind-set toward wealth creation which in turn can positively impact the attitudes of people toward mental wealth. There are different factors that can highly influence emotional well-being and financial success such as mental health conditions and personal values about money management.

If the mental health conditions of an individual working in an organization are not proper, then it can negatively impact the ability to make sound financial decisions which can affect the reputation of the organization says Rose et. al. (2023). This in turn will lead to financial challenges and others like lack of financial literacy, lack of socioeconomic status, and many others. There are many effective strategies that are used to improve well-being and enhance financial success such as investing in financial education and practicing good financial habits which will help in managing stress levels too.

Research Methodology

Research type

For the current research, qualitative research type will be used by researcher to gather the theoretical concepts related to mental wealth.

Research approach

For the current research on mental wealth, an inductive approach will be adopted by the research to generate better hypotheses.

Research Strategy

The experimental research strategy will be applied to the current research to identify factors impacting mental wealth.

Philosophy

For the current work, the researcher will use interpretivism philosophy to identify potential factors and challenges that may influence emotional well-being.

Data collection

A secondary data collection method will be used to gather important information related to the topic. Data will be collected through various options such as books, journals, online websites, blogs, and magazines.

Data analysis

Content analysis will be done to gather the important data related to mental wealth which will help in completing the research on time. With the help of the qualitative method of data analysis, different themes and findings will be prepared (Zambrana, 2022).

Sampling method

For the current research, the content analysis will be done taking academic sources into consideration which is available on online website and the internet. Here, old articles and journals will be referred by the researcher to meet the aims and objectives.

Time scale

Activity	Week 1	Week 2	Week 3	Week 4	Week 5	Week 6	Week 7
Introduction
Literature Review
Data Collection and Analysis
Data Interpretation
Findings and Conclusion

Data analysis and findings

It can be analysed from the study conducted by Slee et. al. (2021), that mental wealth is the well-being of an individual’s mental health. There are different factors that can impact the well-being of employees working in company. Nowadays, company in the hospitality sector involves in well-being practices that can manage emotional well-being of people.

A healthy mind-set can enhance the working of people and also engage them in positive behaviours that promote behavioural well-being. Organisation are using effective methods to improve social well-being such as teamwork, social support and enhancing meaningful relationships which is very essential for mental health conditions.

Due to modern environments in workplace, stress can still activate because of heavy workload and poor financial management skills (Zambrana, 2022). Mental well-being and financial success are two important factors in professional career and leadership because it plays a vital role in determining the overall health and happiness of an individual.

Almost 58% of people find it difficult to make good financial decisions as they feel they are not mentally prepared and they find it very challenging because of this they are unable to pay bills on time and does not able to build up their savings account.

McGorry et. al. (2022), Stated that in today’s fast-paced work environment, it is essential for employees and employers alike to promote healthy working behaviours so that it would provide benefits. In a survey done on mental wealth, almost 79% of employees believed that well-being programs in the company helped them to be more productive than ever before. Now they are able to make financial decisions too and achieve success (Zambrana, 2022).

This type of mental wealth program has helped them avoid getting sick which is a must in the company’s success. From the huge amount of data which is collected from different secondary sources, it can be noted that most employees are affected by poor mental conditions because of the negative workplace environment.

The above-mentioned Graphs shows the percentage of people facing psychological well being issues such as anxiety and depression which leads to many other harmful diseases. According to McGorry et. al. (2022), in the year 2019, almost 53% of employees working in organization between the age groups of 25-35 years experiences psychological symptoms such as anxiety and depression because of workload.

Conclusion

To conclude, despite being a concern for centuries, it is only in recent modern time that mental wealth and health has gained so much of recognition as a subject deserving of discussion The report has summarized that Mental health and financial success both are important aspects of people live.

Assessment TASK 3- Reflective Account

Introduction

Mental wealth is an important topic to be discussed in this modern world, as people working in organisation find themselves working in challenging and complex global business environments. Therefore, top-level management of the company is now more focused on managing emotional and social intelligence as well as self-development of people which includes social determinates and psychological well-being. These factors are critical for successful professional practices which helps in achieving performance in a range of potential careers.

Critical analysis

Week 2 Emotional Intelligence

The topic which is covered in week 2 emotional intelligence which is discussed in class engaged me in several ways. With the help of such sessions, I am able to know about importance of emotional intelligence as by having this skills one can easily manage their own emotions and understand about how other people are feeling. Lack of emotional intelligence can highly impact the personal level as well as professional life.

I have learned that many people working in organisations are facing this issue as they are having experiences related to poor emotional control and personal connections issues. This has influenced the emotional relationships between them. My mentor also discussed about self-reflection, self-awareness, empathy, social skills and self-control, which will help me in gaining knowledge about the strengths and weaknesses I have in the context of emotional intelligence.

Topics which is related to emotional intelligence offer me practical applications and methods that can be used by me in my professional career. Topics like stress management skills and techniques and self-care have provided me guidelines that in our daily lives these two skills are important because if an individual is happy, emotionally stable, stress-free then only he/she can engage in classroom learning. I am finding this practical application engaging because I can see that the direct relevance of applying well-being practices is beneficial for me. Also, classroom discussions and teamwork on related projects have helped me in gaining knowledge about empathy and social skills.

Week 3 physical and social intelligence

To be successful in this world, one should have social intelligence as it has benefits for emotional well being, social well being and even physical skills. It has also supported me in fostering an environment through interactive learning experiences. I am surprised that by having these social skills and practices, now I am able to share my personal experience and thoughts in meaningful discussions about the topic which is taught by my mentor. With the help of this session, I am able to enhance my skills and critical thinking which has encouraged active participation in the classroom. The topic related to mental well-being has engaged me positively as now I am confident about my well-being and happiness.

Discussions related to physical intelligence and well-being in a classroom setting can help me in knowing the potential positive impacts on employability. By discussing social intelligence in the classroom, I am able to learn different strategies to manage stress, and emotional well-being and promote resilience. I also able to develop from experience with people and learn new things.

This session has motivated me to understand feelings of people like how they work, what motivates them, how to work in team, how to work cooperatively with team mates. This in turn has helped me in gaining the ability to cope up with workplace challenges for my future professional career. Now I can easily manage work-life balance and improve my overall well-being which can not only positively impact employability but helps me gain my professional goals.

Taking an example of academic experience, When I was working on presentation given by my mentor topic social, emotional and physical intelligence, I came to know about the importance of teamwork in organisation. That time I was quite nervous because I was presenting alone on the topic of related to it. I explained to them that If an employee or any other staff working in a professional career get support from their mentor then their skills will be developed. This in turn will help in enhancing their mental well-being as well. By the time I have developed networking and collaboration over there in the classroom which has helped me gain benefits like wealth creation for my future professional life.

Week 4 cognitive intelligence

This session has provided me a detailed information about human mental ability and their understanding level. In addition, mental health discussions in the classroom has helped me foster the entrepreneurial mind-set that I have right now. Cognitive intelligence skills is very important for me as now I can easily understand developed through experience and thinking.

My ability to generate knowledge by using existing information is increasing by attending this session which is helpful for my future career. I am able to equipped with good mental health practices and also understand about intellectual functions such as learning, judgment, attention and many more which has helped me in managing challenges pertaining to cognitive intelligence such as stress and anxiety level.

Apart from this, now I am able to do financial management and time management which has impacted my wealth creation in a positive manner. Attending these sessions in the classroom, has also helped me in making financial decisions which in turn has managed my stress level as well. I am equipped with financial management skills which I have learned from sessions taken in a classroom setting. I am able to save money, and manage debts and can help me in investment decisions for my future life. This shows that topics discussed in class have potentially impact my wealth creation.

In addition, by attending the topics I have also learned to promote a long-term perspective towards wealth creation because when I will be joining the office, I will have to be self-aware and emotional control. By fostering this self-awareness will help me in developing holistic approach to wealth creation in my future life. This topic has positively impacted long term success and sustainability which is very important these days.

In depth critical analysis based on reflective models

Gibbs reflective model

Description:

I am student of Human Resource Management and recently participated in a classroom discussion on emotional intelligence which is important mental wealth competency (Adeani et. al. 2020). The reason behind choosing this topic is that it is the important part of a mental health curriculum which needs to be taken into consideration in this modern business environment.

I have covered topics like wellbeing, financial success, effective communication, self-awareness and self-control. Different topics like building positive relationship, empathy, time management and mental stress were divided among my teammates. I have discussed about the various strategies to improve mental health and emotional intelligence such as communication skills, managing emotions, self-control, and many more. Everyone was so impressed by my presentation which has helped me gain confidence.

Feelings

While giving a presentation on emotional intelligence, I was quite nervous before but by the time I started managing myself and be comfortable in front of people. I was so engaged in the emotional intelligence topic as I realized the importance of mental well-being in fostering good health (Adeani et. al. 2020). By giving presentation on emotional intelligence I am able to gain knowledge about managing emotions.

I also noticed that I have some areas of improvement such as active listening and time management which I need to improve. During the presentation, I felt challenged as I was unable to manage the timing distributed among different topics on emotional intelligence. But thanks to my friend who has helped me in managing the whole presentation he was guiding me.

Evaluation

In order to build healthy relationships with people, one should always have emotional intelligence as a best competency. I have learned that promoting mental well ness among people can help them to be more productive than ever before. I also understand that empathy and support from loved one plays a vital role in connecting with people (Zambrana, 2022). I have also learned in depth understanding of effective communication which is an important key factors in building relationships with others.

Analysis

With the help of class discussion, I am able to understand the fact given by my mentor that emotional intelligence are not only relevant in personal relationships but also help in developing professional relationships with people at workplace. Now I am able to reflect on how this competency may positively impact my mental wealth and emotional well-being.

Conclusion

To conclude, with the help of classroom discussion on emotional intelligence, I am able to promote mental health and well-being around me. It has also highlighted areas for development like improving my active listening skills. Now I am committed to further development of my skills which will also positively impact my wealth creation and build relationships with my colleagues.

Action plan

In order to develop and improve it, I will use effective strategies like attending seminars, workshops, and online classes (Adeani et. al. 2020). I will practice more on self-awareness and meditation, exercising, and yoga to improve my active listening skills.

References

Adeani, I.S., Febriani, R.B. and Syafryadin, S., (2020). USING GIBBS’REFLECTIVE CYCLE IN MAKING REFLECTIONS OF LITERARY ANALYSIS. Indonesian EFL Journal, 6(2), pp.139-148.

Bishop, J., (2022). Bouncing forward: mental wealth for all. Medical Science Educator, pp.1-6.

Ettman, C.K., Cohen, G.H. and Galea, S., (2020). Is wealth associated with depressive symptoms in the United States?. Annals of Epidemiology, 43, pp.25-31.

Fong, C. and Tripathi, S., (2021). Multicultural Workplace Counselling and the Impact of Wealth, Health, Ability and Time (WHAT) on Mental Health under COVID-19 Pandemic. Psychology, 12, pp.1743-1755.

Horwood, G., Augoustinos, M. and Due, C., (2022). ‘Mental Wealth’and ‘Mental Fitness’: The discursive construction of mental health in the Australian news media during the COVID‐19 pandemic. Journal of Community & Applied Social Psychology.

McGorry, P.D., Mei, C., Chanen, A., Hodges, C., Alvarez‐Jimenez, M. and Killackey, E., (2022). Designing and scaling up integrated youth mental health care. World Psychiatry, 21(1), pp.61-76.

Occhipinti, J.A., Buchanan, J., Hynes, W., Eyre, H.A., Tran, K., Song, Y.J.C., Fels, A., Skinner, A., Rosenberg, S., Prodan, A. and Ujdur, G., (2023). Estimating the Mental Wealth of nations: valuing social production and investment. Nature Mental Health, 1(4), pp.247-253.

Rose, T.C., Daras, K., Manley, J., McKeown, M., Halliday, E., Goodwin, T.L., Hollingsworth, B. and Barr, B., (2023). The mental health and wellbeing impact of a Community Wealth Building programme in England: a difference-in-differences study. The Lancet Public Health.

Slee, P., Skrzypiec, G., Mannion, J. and McDermott, C., (2021). Big Talks for Little People: Child Mental Health Module: Mental Wealth for Children.

Zambrana, R.E., (2022). Application: Reimagining Intersectional Family Science: Reflections on URM Families, Wealth, and Health. In Sourcebook of Family Theories and Methodologies: A Dynamic Approach (pp. 453-458). Cham: Springer International Publishing.

Zaninotto, P., Iob, E., Demakakos, P. and Steptoe, A., (2022). Immediate and longer-term changes in the mental health and well-being of older adults in England during the COVID-19 pandemic. JAMA psychiatry, 79(2), pp.151-159.

Experiences of health issues in the UK, (2019) [online]: available through < https://www.statista.com/statistics/1134897/health-issues-experienced-not-caused-by-work-in-the-uk/>

Gibbs reflective cycle (2023) [online]: available through < https://www.crowe-associates.co.uk/coaching-tools/gibbs-reflective-cycle/>

Qualitative Research Methods: Types & Examples, (2023) [online]: available through < https://www.questionpro.com/blog/qualitative-research-methods/>

HR7004 Mental Wealth Assignment Sample