Resources for Business Operations

Business Resources

TABLE OF CONTENTS
INTRODUCTION.....................................................................................................................................3
P1. RECRUITMENT DOCUMENTATION...........................................................................................3
P2. SKILLS REQUIRED FOR SPECIFIC JOB ROLE........................................................................4
P3. RESOURCES REQUIRED IN THE OPERATION.........................................................................6
P4. FINANCIAL SOURCES SELECTION FOR BUSINESS..............................................................7
P5. CONTENTS OF TRADING AND PROFIT LOSS ACCOUNT.....................................................8
P6. ILLUSTRATE THE USE OF BUDGETS AS A MEANS OF EXERCISING BREAK EVEN.....8
P7- ILLUSTRATE THE FINANCIAL STATE OF A GIVEN BUSINESS..........................................9
CONCLUSION..........................................................................................................................................9

INTRODUCTION
The report is undertaken in order to make emphasis on the resources which is needed by
businesses in order to effectively and efficiently undertake the operations further which it is
essential to manage the role of all the resources into the organization. Thus for this purpose the
organization taken into account is Tesco.
P1. RECRUITMENT DOCUMENTATION
The need to recruit an extra member of staff is identified. A new job description is set out, or an
existing one is updated; this will include the job title, the person in which the employee will be
responsible to and a list of all the tasks they will undertake in their work. The job specification is
reviewed and revised; this will include essential qualifications, essential characteristics, desirable
qualifications and desirable characteristics (Chaffey and White, 2010). Advertisements are
designed and placed in appropriate media: they could advertise the job on notice boards,
company newsletters, employment agencies, job centres, head hunting, careers service or youth
training. Job details and application forms are sent to applicants: the employer will some details
from the employee such as personae details (name, BOB, address), education and qualifications,
work experience, post of responsibility, other interests and the name and contact details of 2
referees.
Applications are sorted out and a shortlist is drawn up this short list is drawn up by the
employer reading the letter of application and CV, discussion of the good points, identifying one
way the application could have been improved, grading of the application (A, B, C or marks out
of lo) and decided which 2 applications are the best and why.
Interview invitations are sent to shortlisted applicants
Interviews take place (and an oral job offer may be made): they take interviews in order
to find out if the person is able to the job well and to find out if the person will “fit” in the
organisation.
Referees are invited to comment if the references are satisfactory, a written job offer is sent
The offer is accepted and a written contract of employment is signed (Montgomery, 2011).
Layout for person specification

Job description This should highlight the major requirements
of the job in a concise format
Activities and market place There should be a brief description of the
environment in which the organisation
operates
Location Applicants need to know the location the
organisation and the location of the job
Salary expectation Figures are not always necessary, but an
indication of the salary level (or a recognised
grade) should always be given
Address and contact This should appear, with a telephone number
if appropriate
Qualifications Certain jobs require a minimum entrance
qualification, which should 1 clearly stated
Experience This should be made clear as it will have a
bearing on the expected salary level for the
job
Fringe benefits The advertiser may wish to mention a
company car, health scheme, ect.
P2. SKILLS REQUIRED FOR SPECIFIC JOB ROLE
Organisation: Tesco PLC