Personal Financial Plan Assignment Example | Topics and Well Written Essays - 1000 words

Personal Financial Plan - Assignment Example The main advantage of the plan is that it encourages investment culture. The disadvantage is lack of flexibility on the side of the employee. The employees have no option of investing in other areas apart from the pre-tax and post-tax basis. The following is a description of Amgen retirement plan description: 401(K) retirement and saving plan Provide a core contribution of 5% as well as a company matching contribution of 100% of staff contributions up to a 5% of eligible pay. Professional, customized financial advisory services to help staff make informed investing decisions specific to their retirement planning strategy at no cost to staff members. The main advantage of the plan is that it provides free investing decisions to employees to allow them to make well-informed investing decisions. The disadvantage of the plan is that some employees may not be eligible thus blocking them out of the plan. The plan gives staff an opportunity to buy Amgen stock at a discount. The plan encoura ges and facilitates employees’ to invest in securities. On the contrary, it may not be flexible enough to facilitate employees’ diverse investment options. Retirement medical saving account Provides staff an opportunity to save for eligible health care expenses after retirement. The main advantage of the plan is that it hedges employees’ medical expenses after retiring. On the other hand, the disadvantage may arise in case the employee does not want to subscribe the plan in case of the existence of another medical plan.

The Health & Safety of Migrant workers within the UK Construction Essay

The Health & Safety of Migrant workers within the UK Construction Industry - Essay Example The migrant workers on the other hand, have responded on the extreme reflecting their over anxiety, thus to some extent distorting the reality. The Health and Safety management in the construction industry has become more important than ever with the number of construction projects continuing to grow at a rapid pace both for new build and refurbishments. The labour profile also keeps changing as more and more workers enter the industry. Accidents resulting in fatalities and injuries to the workforce continue unabated and in fact, are on the increase with the result, the Government is very concerned and the Health & Safety Executive (HSE) works with the Government on an ongoing basis. An action framework has been agreed to between the Government, the HSE, employers and the trade unions (Hughes and Ferrett.2008, p 143). Occupational health and safety are of concern in all the branches of industry, business and even information technology companies. It is all the more important for the construction industry. It is necessary to examine the foundations of the health and safety management systems. Occupational health and safety is important in all kinds of work. If it is a low hazard occupation, the organization may have a single competent manager to supervise the health and safety of the workers. On other hand, in a high hazard industry, there is a health and safety practitioner assisted by the engineers of different branches such as civil etc, lawyers, medical doctors, nurses, trainers, work planners and supervisors (Hughes and Ferrett .2008, p 1). The Construction industry contributes 8 % to the GDP of UK, making itself the largest industry in the country. 10 % of the working population is engaged in the construction industry having an annual turnover of  £ 250 billion. Although the U.K. construct ion industry is world renowned, it is one of the most