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Business Resources of Ritz-Carlton Hotel

   

Added on  2020-07-23

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BusinessResources
Business Resources of Ritz-Carlton Hotel_1

Table of ContentsINTRODUCTION...........................................................................................................................11. RECRUITING AND RETAINING THE RIGHT PEOPLE.......................................................1M1 Description of Ritz-Carlton Hotel and role of human resource ......................................1P1 Use of recruitment documentation....................................................................................1P2 Employability, personal and communication skills required in applying for the job.......2M2 Importance of employability and personal skills in recruitment and retention of staff...32. THE IMPACT OF NON-FINANCIAL RESOURCES...............................................................4P3 Covered in PPT.................................................................................................................4M1, D1 Impact of physical and technical resources improve the performance of anorganisation............................................................................................................................43. THE ROLE OF FINANCIAL RESOURCES.............................................................................4P4 Sources of internal and external available in the organisation..........................................4P6 Illustrate the use of budgets as a mean of exercising break even......................................5M3, D3 Evaluate the impact of budget...................................................................................64. INCOME STATEMENTS, BALANCE SHEET AND RATIOS...............................................7P5, P7, M3 and D3 covered in a ppt.......................................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
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INTRODUCTIONBusiness resources are lifeblood of an organisation. It include all human, physical factorsby which firm can achieve their pre-determined targets. Any factors which use while makingbusiness operations is considered as business resources. The present research report describes theeffective techniques for recruiting and reattaining the right people in a right place. It also presentthe impact of non- financial resources so that Ritz-Carlton Hotel can develop their resourceseffectively and achieve their desire goals. It also describes the role of financial resource foreffectively running of an organisation. At last, it also analysis the income statements, Balancesheet and ratio are estimated by the company so that manager can estimate the actual position ina competitive market (Staub, Khoury and Jenab, 2015).1. RECRUITING AND RETAINING THE RIGHT PEOPLEM1 Description of Ritz-Carlton Hotel and role of human resource Ritz-Carlton Hotel is a subsidiary of Marriott International which is founded in 1983. It isa hospitality or tourism industry which located 91 hotels in worldwide in 30 countries. Hotelprovides luxurious rooms with local touch, resorts etc. to the visitors. The organisation hire allthose people who have qualified skills to handle the situations and having professional friendlyattitude. Company offers great benefits and incentives to their workers and also give trainingopportunities at every level (Wang, Chu and Chen, 2013). They also motivate their employees bygiving incentives, facility etc. Hence, institution manage their workers epically part time workersso that they can increase their efficiency.P1 Use of recruitment documentationThe need of new staff members in a Ritz-Carlton Hotel is very essential. In addition tothis, new job description are set out and updated which contain the job title, number of personswhich are responsible for the employees at given task. Job specification is rechecked by theorganisation, which include the requirement, features. qualification which are needed andcharacteristics of a person in a particular job. Advertisements are framed through media so thatthey can give information in a company notice board, newsletters, job agencies, youth trainingetc. Job details and applications are sent to those person by which employees have someinformation related to the applicants like name, DOB, address etc. After that application aresorted by the employer of the hotel and letter of application, CV etc. are ways by which1
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application will be improved and make them grade like A, B, C. Shortlisted applicant are eligiblefor interview so that interview letter are to be sent to the shortlisted applicants. This process isdone by the firm by which they can find out the right person which are eligible for the job. Layout for person specificationJob description- It is highlighted as essential requirement in the job format.Activities- It is a brief details about the Ritz-Carlton Hotel;s environment in which firmoperates its activity.Location- Applicants need to location the organisation as well as job.Salary Expatiation- It shows the level of salaryAddress or contact- It include appropriate address and telephone number.Qualification- Level of education which are suitable for the job (Stock, 2013).Experience- Salary is determined as per the working experience of a person ion anotherorganisation.Fringe Benefits- Extra benefits provided by the company like car, home, health facilityetc. P2 Employability, personal and communication skills required in applying for the jobOrganisation: Ritz-Carlton HotelRole of Job: Help desk AdministratorJob RequirementsStatement of the main(as detailed on Jobemployability, personalEvidence of how they meettheseDescription and/orand communication skillsskillsEmployability SkillsEmployability skills includesgetting, necessary informationrelated to the employees and As per the employabilityskills, I meet such skills whichare required for the job. I also2
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