Partner Article

Employment Policy

1. Legal Policy: At the present state the government is frequently changing the Legal Policies in response to the Political Policies. This is again forcing the business establishments to abide by it in a continual process in accordance with the legal framework. As the business going global and mixing with different culture the Legal Policies are introducing increasingly tighter protection for the consumers to guard them from any sort of unfair trade practice. It has also created further tighter protection terms of fair competition between the competitors and by no means should the competition affect the consumers.

In short, the consumer forum has become tighter than tight. All these parameters have an increasing effect EU regulation and directives (The Times 100 2009). To response this elaborate policy framework of legal interest, the model has the in-built feature of open source editor and integrator that binds the professional, formation, support, consulting, integration, additional development and third party maintenance to update the legal aspects and regulations at individual fronts from a same platform.

Change in policy can be viewed by the entire community and with the power of single platform multiple user capacity everyone can operate the business accordingly through out EU including UK cutting the cost of communication and research of each member (Pilot System 2009). 2. Employment Policy: The UK government policy under the effect of The Employment Act 2008, has bolstered, simplified and clarified all the aspects of the UK Employment Law.

This policy has brought the elements of the government’s and the worker’s employment relation strategies under the single umbrella of increased protection of the workers and have taken care of business policy that abides the law of the forum. The same has been introduced in the House of Lords on 6 December 2007, subsequently received Royal Assent on 13 November 2008 (BERR 2009). The open source model has the unique community platform based communication style where the amendments can be accessed by all the other EU members who can regulate their employment issues in the line up of what UK has done.

The power to edit and introduce information from the individual end will enable the member countries to modify, if required or even suggest; any required information on the same issue. This will create a path to build a mutual ground of taking vital issues in consideration. 3. Inflation Policy: The Inflation Policy is subjected to the government’s target announcement each year by the Chancellor of the Exchequer during the annual Budget statement.

Presently the target has been set to 2% in terms of annual rate of interest calculated upon the consumer price index (CPI). Keeping the inflation target symmetrical the remit is not to achieve the lowest as it well worsen the situation like in case of crossing the target above. The policy defines the standing instruction of not to miss the mark even by 1% point, missing which will result in pushing the annual rate of CPI inflation more than 3% or dropping down to less than 1%.

The target of 2% does not mean it to be the constant rate, for it is neither possible nor desirable. By and large, the interest ate should keep on changing constantly to keep the unnecessary uncertainty and volatility in the economy at bay. The Monetary Policy Committee is putting more effort to revise the interest rate further to bring back the inflation target within a reasonable span of time avoiding undue instability in the economy (Bank of England 2009).

To justify the argument the business model can support the monetary policy system of UK with the EU members as the ECB is also aiming at inflation rates of below, but close to, 2% over the medium term. Thus, the model can be the virtual platform to observe the inflation index of both UK and EU; preparing and safeguarding the multi-lateral business issues, enabling the safe future of the European community of single market (European Central Bank 2009). 4.

Education and Training Policy: In the Education and Training Policy of UK government a high quality of response has been located in the further education sector. It is of prime importance to spread education across the society, putting emphasis on the businesses, young people and adults, including those from disadvantaged and minority communities if UK wants to realize its economic performance. As per the white paper of 2006 and World Class Skills 2007 a comprehensive reform programme is in place.

It is working on the area of skills, employability and social mobility, which are not possible with the help of the training providers. By the year 2020 there is a pre-defined goal of considerable investment for development of skills by the employers with further new vistas for continuous education and training (DIUS 2009). With an interactive business model in use the education and training policy of UK can be shared by EU.

Where the EU dataclear case study is putting efforts to bring the trade and commerce under the one roof, open source model can accelerate the understanding of the training in the business enterprises and will be in a position to standardize the effort and skill. Education and training being the learning yard stick developed performance and higher return, the model will provide a comprehensive design to learn, share and become a single body of resource through out European Union.

This was posted in Bdaily's Members' News section by John Deere .