The Three Failures of Performance Appraisal | People Performance Potential

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PRS set to soar

first_imgThe private rented sector (PRS) is expected to increase by 700,000 households to 5.5 million by 2020, accounting for one-fifth of the total housing stock in this country, according to a new report.A fresh study on the buy-to-let sector by Kent Reliance finds that the PRS now accounts for 18 per cent of all housing stock, after almost 150,000 new households were added to the PRS in the year to March.A higher number of buy-to-let investors entering the market coupled with capital growth have led to an average rise of 11 per cent in the total value of PRS property, or £97.8 billion, to £990.7 billion, with gains led by London, at £406.5 billion, followed by the South East at £147.6 billion.Andy Golding, Chief executive, Kent Reliance, said, “Buy-to-let has come of age, moving from a niche asset class to one big enough to rival the stock market. Landlords are seeing the benefit of a structural change in Britain’s housing market, with tenant demand ever strengthening. Yes, house prices are showing signs of steadying somewhat, but growth remains brisk.”If recent growth continues, the whole sector is set to be worth in excess of £1 trillion by the end of next month and in the region of £1.45 trillion by 2020.Kent Reliance’s findings are supported by the latest Association of Residential Letting Agents (ARLA) monthly Private Rental Sector (PRS) Report, which shows that a third – 32 per cent – of letting agents saw rents increase in April, with many agents projecting further growth moving forward.In the last month, the number of landlords selling their buy-to-let properties has increased; particularly in London, with ARLA agents in the capital seeing the number of landlords selling their buy-to-let properties double between March and April – rising from three to six properties on average per branch. Scottish agents saw an increase from four to seven buy to let properties going up for sale in the last month, whilst the national average increased from three to four buy-to-let properties up for sale, on average, per branch.David Cox, Managing Director of ARLA, said, “It is interesting that we have seen an increase in the amount of landlords selling their buy to let properties in the last month, which is likely to have been a result of political uncertainty. We know that Labour’s plans within the PRS were unpopular for many landlords and agents, so this increase in those selling their buy to let properties may have been a knee jerk reaction to the possibility of Labour’s proposals coming in to practice.”Following the General Election result last month, nine in ten ARLA letting agents were happy with the outcome of a majority Conservative government – with almost all agents – 95 per cent – believing the result is good news for the PRS.Meanwhile, a new buy-to-let investor portal has been launched this week.Buy2Let.com will feature thousands of property investment listings, sourced from a selected list of some of the industry’s best-known agents, including the franchised branch network of Northwood UK; full-service agents Leaders; and East London specialists, Stirling Ackroyd. Chain-free instant purchase opportunities will also be listed, through the portal’s exclusive auction partner, Bamboo Auctions, offering live online auctions of investment property.Founder of Buy2Let.com, Martin Wilkinson (left), commented, “We are delighted to launch the first and only B2B property listings portal dedicated to the buy-to-let market. Buy2Let.com is designed to be the perfect marketing partner for agents to reach investors directly, and encouragingly, it seems our panel of forward-thinking early adopters already recognise us as such.“We appreciate that some agents and developers simply don’t have the time to dedicate to the investment market, and we know that the current property portals simply do not cut it when it comes to marketing to investors – they are designed to sell solely to the owner-occupier market.“Alternatively, Buy2Let.com provides the crucial pieces of information that investors need to make a purchasing decision – uniquely, the portal allows them to search for and identify opportunities by annual rental yield, as well as categorising each listing as vacant, instant rental – or tenanted, and HMOs. No other portal offers this level of insight or comparison, because they are not intended for the buy-to-let property investment market.”PRS private rented sector buy-to-let investors June 3, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Home » News » Housing Market » PRS set to soar previous nextHousing MarketPRS set to soarIt is estimated that the private rented sector (PRS) will account for 20 per cent of housing stock by 2020.PROPERTYdrum3rd June 20150533 Viewslast_img read more

Oxbridge IQ system slammed

first_img However he added, “He stated a non PC truth. It was an emperor has no clothes statement – something everyone (experts, anyway) knows is true but dare not say.” Bill Rammell, the Higher Education Minister, defended the Government’s commitment “to ensuring that everyone with the talent and commitment to benefit from higher education has the opportunity do so regardless of their background or which school they attended. “This country cannot afford to let a child’s potential go to waste because of the circumstances in which they were born.” Robert Sternberg, Dean of arts and sciences at Tufts University in the USA and an expert on human intelligence said, “Those who are in positions of power typically look for others like themselves to be allowed access to the educational routes that lead to power. “It is a principle of interpersonal attraction that we tend to be attracted to others like ourselves, and this applies with full force to those who set admissions policies.” At Tufts University, the admissions system is not only based upon exams such as A-Levels and SATS, but also what Sternberg calls the class-levelling “creative, practical, and wisdom-based abilities that are crucial for success in life as well as in school, and in which people of diverse backgrounds are more likely to excel. “We have found that these measures do not show the kinds of group differences typically found on conventional measures like the SAT and A-levels.” But when recommending use of such a system in Britain, Tufts was faced by “an admissions director of an elite UK university, which will go unnamed, commenting that the system I described could not be used in the UK. “It does not surprise me when admissions directors of elite UK universities react that it cannot be done there. Such procedures might actually open up admissions slots to students from diverse populations, and some find that prospect frightful indeed.” OUSU’s Access Officer James Lamming commented, “Greater than expected proportions of the higher social classes in Oxford are caused before admissions. This is because sections of the country, predominantly in state schools, either choose not to apply to Oxford because they are put off by outdated myths or because they have been let down by poor schooling that means they do not achieve their potential and fail to reach the high standards required to apply successfully. “Campaigns like OUSU’s Target Schools and the University Access Scheme seek to address these problems so that the most talented students, whatever their background, consider applying to Oxford on the basis of facts, not historic fictions.” Asked about the admissions system, the University Press Office stated: “There is no discrimination in favour of or against any group. “Selection criteria apply to all students in the same way and students are admitted solely on the basis of academic ability and potential.” Dr Bruce Charlton, an academic from the University of Newcastle, has argued that upper-class domination of Oxbridge is “a natural outcome of meritocracy” and flaws in the IQ system. He has suggested that IQ is a faulty system for determining intelligence of individuals and that it is affected by class. Charlton denies institutional elitism at top UK universities, saying: “Evidence to support the allegation of systematic unfairness has never been presented. Nevertheless, the accusation has been used to fuel a populist ‘class war’ agenda. Charlton said, “Yet in all this debate a simple and vital fact has been missed: higher social classes have a significantly higher average IQ than lower social classes.” He goes on to argue that the UK government “has spent a great deal of time and effort in asserting that universities, especially Oxford and Cambridge, are unfairly excluding people from low social-class backgrounds and privileging those from higher social classes.” According to Charlton, the average IQ in the UK is 100, but this rises to 115 for the ‘highest’ social class, who are mainly professional and senior managerial workers. By comparison, Charlton argues that this falls to an average IQ of around 90 for the ‘lowest’ social class of unskilled workers – a difference of 25 IQ points. Charlton predicts: “About half of children whose parents are among the cognitive elite (IQs of 130 or higher)” are eligible for admission to the most selective universities, but only “about one in 200 of kids from the lowest social stratum.” Charlton has called his research “scientifically uncontroversial, whether people like it or not.” Richard Lynn, Professor Emeritus at the University of Ulster and author of Dysgenics, justified Charlton’s findings, saying, “The facts of higher IQs in higher SES groups is universally accepted by psychologists.” last_img read more

Discount Card Debuts for O.C. Businesses, Aids Charities

first_imgBy TIM KELLYLongtime Ocean City business partners Tyrone Rolls and Jill Adamson’s newest venture looks like a winner – on several different levels.The duo’s Key to the Community discount card is promising as a value for customers, as a supporter of other local businesses, as a booster of the community, and as a fundraiser for numerous charities.“Ocean City and the community have given us so much,” Adamson said. “We feel an obligation to give back.”The concept: people may visit the new website at www.keytothecommunity.com to purchase the card, which can be used for discounts at dozens of restaurants, shops and purveyors of products and services in the greater Ocean City area and beyond.The card, which costs $25 and is good immediately through August of 2021, pays for itself with just a few uses. It helps out the charity of the customer’s choice right away, with $5 of the card’s price paid forward to help the selected designee.Upon purchase, the cardholder is taken to a menu of both local and national charities to choose from. Once on the website, the logos of the participating businesses are displayed with the specific discount for each.Buyers of the card online can choose to have them shipped out for free, or arrange for local pickup.“Our motto is, ‘Shop local, give back, save big!’” said Adamson.The partners, both from Ocean City, are also co-owners of RA Development Academy, a local youth sports, coaching and training venture. They are heavily invested in the town and surrounding area.They’re well-known locally in their “day jobs.” Rolls is a sergeant with the Ocean City Police Department and Adamson is a frontline healthcare worker as a speech-language pathologist.In addition, the pair are quite visible in youth sports programs and endeavors. In those roles, they have built ongoing relationships with countless young players and their families over the years.“We are fortunate to be able to draw on that,” Rolls said of their local celebrity, modestly leaving out that their reputations are the result of years of hard work and friend-building.The Key to Community card is just that: a small piece of plastic that enables the holder to discover and experience area businesses they might not have otherwise been exposed to and with a discount.“The business wins by introducing itself to new customers, who win by getting a good deal, which is a win for the business community and for the charity of choice,” said Adamson.Rolls said that while the early emphasis is on building the business and establishing its local start, the goal is to expand into other shore towns like Sea Isle City, Avalon, Ventnor and Atlantic City, “but also outside of New Jersey into places where our visitors come from, such as Philly, New York, North Jersey and beyond. Because the card is good until next August, the customer will enjoy its benefits over two summer seasons.”As with their sports academy, Rolls said he and Adamson will use a portion of the card’s proceeds to provide scholarship opportunities for deserving students.The card and website are user-friendly, and the businesses where the card is accepted cover a wide range. Retail, restaurants, entertainment and products and services are represented.Each participating business has a link to its website and access to menus, product descriptions and the like.Adamson and Rolls are also working on partnerships with area real estate companies to include the card in the gift baskets they hand out to vacation rental customers.“It’s a nice gesture by the real estate company to its customers, good advertising for businesses that might not be well-known to the renter, and an opportunity for the cardholder to help support and grow the local business community,” Adamson said.The card also makes a thoughtful gift for any other present-giving occasion, she noted.So what’s next for the Key to the Community discount card?“Now that we’re out there (with a successful launch) we’ll be using social media to promote the concept to give our businesses a well-deserved boost in exposure and advertising,” said Adamson.She mentioned that Facebook users can find the card by searching “Key to the Community” and Instagram users should search @keytothecommunity.“We’re not only a Key to the Community, we’re a part of it,” said Adamson.Businesses wishing to join as a participant, or anyone seeking additional information should contact Jill Adamson at [email protected] or 609-214-2380.Tyrone Rolls is a sergeant in the Ocean City Police Department and a longtime coach of youth sports. Tyrone Rolls and Jill Adamson show off their newest business venture, the Key to the Community discount card. (Photo courtesy keytothecommunity.com)last_img read more

Christmas puds boost Northern’s bakery division

first_imgNorthern Foods said its remaining bakery business returned to growth of 1% in the third quarter, in a trading update this week.Its Christmas pudding business had a good seasonal period, it said. But year-to-date revenue was 4.9% lower in its remaining bakery companies than the previous year, for the third quarter of 2006/07 (13 weeks ended 30 December 2006).Northern Foods completed the disposal of its chilled pastry, cakes, speciality bread and flour milling businesses on 13 January 2007, raising a total of over £200m after fees and expenses. It had already sold its distribution business last year.The company’s continuing businesses include sandwiches in the chilled division and biscuits and puddings in what remains of its bakery division.Including discontinued businesses, underlying revenue for the group fell by 3% in the third quarter and 1.3% year to date. Underlying revenue in the discontinued businesses, which were sold to independent investment firm Vision Capital, fell by 14.2% in the third quarter and 9% year to date.last_img read more

Guidance: Medicines that you cannot export from the UK or hoard

first_imgThis document lists the medicines that cannot be exported from the UK or hoarded. The list is updated regularly.The government has produced guidance on export and hoarding of restricted medicines.In October 2019 a letter to holders of a wholesale dealer licence was sent out about the restrictions on parallel exports.From 1 January 2021 you may no longer be able to export branded medicines that have been placed on the UK market to countries in the European Economic Area (EEA). Check the guidance on changes to the exhaustion of Intellectual Property rights and parallel trade from 1 January 2021.Hoarding or exporting a medicine on the list is considered a breach of regulation 43(2) of the Human Medicines Regulations 2012 and a contravention of the wholesale dealer licence and may lead to regulatory action by the Medicines and Healthcare products Regulatory Agency (MHRA), which could include immediate suspension of the wholesale dealer licence.last_img read more

Bowling for values

first_imgDoes vandalism have a place in public protest? Can one be a fan of a book but disagree with the author’s personal views? Should Civil War reenactments be regulated by the government?For the members of the Harvard Undergraduate Ethics Bowl, a new student club devoted to analyzing and debating ethical issues, going deep on big questions is about more than winning an argument.“Ethics Bowl is a really unique opportunity to reflect on your personal value system. It’s not just about arguing an arbitrary side of a debate,” said Jillian Sharples ’21, founder and president of the group. “You actually have to decide: What do I think? Should I believe this? And how can I justify this?”Unlike traditional college debates, where speed and the ability to argue both sides of an issue are advantages, Ethics Bowl competitions involve a back-and-forth between teams and with their judges, where each can ask questions and respond. It’s a slower, more measured process that rewards collaboration and civility. The Association for Practical and Professional Ethics (APPE), which administers the annual Intercollegiate Ethics Bowl (IEB), rates competitors on “intelligibility, focus on ethically relevant considerations, avoidance of ethical irrelevance, and deliberative thoughtfulness.”When Sharples, a social studies concentrator from Berwyn, Penn., founded Harvard’s chapter of Ethics Bowl last spring, she had been looking for three years for a community space where people from all backgrounds could come together to discuss issues without the argumentative foundations of traditional debate. Sharples had competed in Ethics Bowl in high school, and decided to form a group on campus.,“The types of discourses that students primarily engage in are more aligned with the argumentative methods rather than collaborative discussions,” she said. “[Ethics] helped me develop an intellectual humility and understanding of the validity of other people’s perspectives. I think it’s really important to be able to [acknowledge] that we think differently, but I’m willing to respect you, and I’m willing to try to understand your point of view.”Sharples knew it wouldn’t be easy to recruit new members and train them for high-level competition during a regular year, but she certainly didn’t expect Ethics Bowl’s first full year as a club to overlap with a pandemic and all-remote fall semester. Despite the upheaval and uncertainty, 12 members have joined from Massachusetts, Texas, and New Zealand, and seven will participate in their first official competition next month, the IEB regionals, where they will compete on 15 cases.In the process, said Sharples, the competitive ethicists are building a community based on a shared commitment to understanding and learning from one another.“With the unpredictable nature of this semester, we’re encountering a lot of the issues that other student organizations are encountering” around community-building, said Sharples, who shared a house with friends in Falmouth, Mass., this semester. “I am really proud of everybody on our team, because we’re doing a good job despite the circumstances.”“In Zoom classes, or even in other clubs, there isn’t a ton of interaction with other students. Ethics Bowl has been a great way to really connect with my peers,” said Katie Sierra ’23, an integrative and evolutionary biology concentrator and incoming president of the group. “We don’t just discuss ethics cases; we have socials and it’s a great community. It’s also not an exclusive group with a [difficult] comp process [of club tryout or audition]. Because we’re relatively new, we are open to ideas and bringing new things to the table.”To prepare for competition, the team breaks up into groups of three or four members to focus on a specific case. Each group creates a structured template to lay out facts, priorities, and blind spots relevant to each question. Then, they work through all permutations of a problem and all possible challenges to their ethical framework.The APPE Intercollegiate Ethics Bowl matches are all remote in 2020-21, which allowed for other digital opportunities. In a normal year, the Harvard team might hone their skills through scrimmages with other local teams. With everyone practicing remotely, Sharples organized scrimmages with West Point and Stanford, exposing both teams to opponents they may not have met under normal circumstances. The teams are judged on strength of argument, clarity, thoughtfulness, and relevance.Motivating others to live in accordance with their ethics is a well-traveled path for Sharples, who entered Harvard as a Reserve Officers’ Training Corps (ROTC) cadet. Last spring, she led 80 cadets as cadet command sergeant major at the Paul Revere Battalion (housed at MIT), tracking accountability and maintaining physical fitness standards and esprit de corps among the group. This semester she is working on staff at the battalion before assuming the role of operations officer in the spring.During the pandemic, Sharples has kept up with her ROTC commitments, taking required military science courses online at MIT and participating in virtual physical training workouts with fellow cadets at Harvard and other colleges in the Boston area. It’s another area of her life where community and collaboration are vital to her success.Her experiences as a cadet were also foundational to developing her social studies focus area, “Women at War: Fighting for Citizenship,” and her senior thesis topic, a theoretical relationship between military service and citizenship. Studying the military through the lens of history, philosophy, and economics “allowed me to have a different lens on the world at large and see the broader systems in place” in such institutions, she said.“ROTC aligned with my personal values of protecting my country and believing what it stands for, and over time, it’s become more about the people that I’ve met within ROTC and in the military at large,” she said. “I want to be there for them, and I’m inspired by [their] dedication. That keeps me motivated.”last_img read more

University receives record amount of research funding

first_imgIn the 2014 fiscal year, the University of Notre Dame received $113 million in research awards, an increase of $17 million from last year and the highest recorded amount ever in a non-stimulus year.Robert Bernhard, vice president for research, said contracts came from government agencies, various companies and foundations.“The National Science Foundation (NSF) is our largest sponsor,” he said. “The National Institute of Health (NIH) is generally our second-largest sponsor, but this year, their funding is reduced nationally.“We are also funded by the Department of Energy and the Department of Defense. We have funding from corporations, the two largest are General Electric and a consortium of companies in the semiconductor business that includes IBM and Intel. … The biggest foundation sponsors are the Gates Foundation, two different Templeton Foundations, the Lilly Endowment and the Mellon Foundation.”Bernhard said anywhere between one-in-three and only one-in-15 proposals pass peer reviews and evaluations to receive funding. He said he credits Notre Dame’s immense success in such a competitive environment to the skill and determination of its faculty.“It all comes down to the creativity and hard work of the faculty members,” he said. “They have to understand what the sponsors are looking for. They have to be the best in their field, and then they have to write a very well-crafted proposal.”Director of the Energy Frontier Research Center Peter Burns, who is receiving money from the Department of Energy for actinide research, said the increased resources came with increased responsibilities.“I’m trundling along working as a research professor with only a few students,” he said. “Now the money comes in, and now I’m trundling along directing in a multi-investigative center focusing on energy-related problems and then my own group gets larger with 13 Ph.D. students, about six or seven post-docs, eight undergrads, six high school students and three staff. So it’s much bigger and the productivity goes up, and the amount of people we educate goes way up.”Professor of political science Daniel Philpott, who is receiving funding from the Templeton Religion Trust to study Christian communities’ responses to persecution around the world, said these projects have the ability to help Notre Dame realize its identity.“I think that a lot of the most important things a Catholic university can do in order to achieve its Catholic mission is to be in solidarity with Christian communities that are suffering from persecution,” he said. “This grant can help Notre Dame fulfill its fundamental Catholic mission.”Professor of aerospace and mechanical engineering Samuel Paolucci is currently receiving funding from the National Nuclear Security Agency (NNSA) for his work in predictive modeling of shock conditions for material synthesis. Paolucci said the two to five years of work leading to a proposal presentation is an often overlooked part of the submission process, but the payoff of one successful proposal transcends the accrued funding and knowledge.“[The NNSA] isn’t just interested in the funding, but they’re also interested in pushing the frontier of computational science and frontiers of science,” he said. “They’re also trying to involve more Americans in graduate studies and getting Ph.D.’s because that enhances the ability of this country to hire and put the best minds we have to work on the problems we have.” Tags: Department of Energy, funding, NIH, NNSA, NSF, Peter Burns, research awardslast_img read more

Top Prize-Winning Take 5 Ticket Sold In Dunkirk

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) DUNKIRK — Someone who recently visited Matt’s News in Dunkirk could become $27,646 richer.The New York Lottery says a top prize-winning Take 5 ticket was sold at the Chautauqua County store.Another ticket, valued at the same amount, was also sold in the Bronx.The winning numbers for the October 4 drawing are 2-7-14-18-25. Drawings take place every night at 11:21 p.m. and winning tickets may be cashed within one year of the drawing.last_img read more

Mount Snow opened Saturday

first_imgWest Dover, VT (December 10, 2011) Mount Snow Resort,Mount Snow, in West Dover, Vermont, kicked off the 2011/2012 winter ski season on Saturday, December 10, with festivities surrounding the Grand Opening of North America’s only high speed detachable six passenger bubble lift, the Bluebird Express.  The celebration included a ribbon cutting ceremony, champagne spray, lift line party and the entire enthusiastic crowd reciting the Bluebird Oath.The technologically advanced lift cost $8.5 million to install and is now the primary lift from base to summit at Mount Snow carrying passengers to the 3,600-foot summit in just over seven minutes; half the ride time of the fixed grip triple chair it replaced.Link to video coverage of today’s Grand Opening festivities. http://youtu.be/0DfwMkYK8KA(link is external)  last_img read more