Business Resources Assignment | Recruitment Assignment

BUSINESS RESOURCES

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK1.............................................................................................................................................1
P1 Recruitment documentation process used by Hendy's limited..............................................1
P2 Employability, personal and communication skills required for specific jobs......................2
TASK2.............................................................................................................................................2
P3 Physical and technological resources required by the company............................................2
P4 Sources of internal and external finance................................................................................3
TASK4.............................................................................................................................................4
P5 Contents of Trading and P&L account and balance sheet.....................................................4
P6 Use of budgets as means of exercising financial controls.....................................................5
P7 Financial statement................................................................................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business resources are the elements which are very crucial and vital for successfully
carrying out operations of business. As to perform all the activities and operation of firm in an
effective manner it is very important to allocate appropriate resources at desired places, there
needs are very high and has to be managed by every organisation in required way. Human
resources, raw material, financial, physical and technological resources are mostly used by
companies that has a direct link with operations of firms (Baxter, 2012). These factors if used in
appropriate manner will help in attaining organisational goals and objectives. Hendy's limited is
a car house which provides effective services and products to its customers. Its services are very
proper that they fulfil needs and wants of its customers. It is various resources that are must to
operate a business. Various methods and techniques that cited firm will use to manage several
resources are to be understood in this report.
TASK1
P1 Recruitment documentation process used by Hendy's limited.
Recruitment is a process through which company can attract, select and appoint an
eligible candidate for different profiles of the company. With its help of this approach an
organisation can be able to meet many people with various skills and knowledge and most
suitable will be selected for performing activities for company.
Job Advertisement
It is a notice that jobs put out for the public to see to inform them of a job vacancy they
have open. It includes job title, requirements, what makes a suitable candidate and
responsibilities. The purpose of this is to promote job vacancy they have open and to inform
people of what they need to have to be a suitable candidate and make sure people who apply do
actually fill needs for jobs.
Job Description
A job description explains what skills employees need to have to get a certain job
(Chaffey and White, 2010). It explains limitations and skills which are needed for job and duties
and responsibilities that employee will have if they get job. Purpose of this is to inform the
candidate of what they will be doing if they get job and what they need to do the job.
Person Specification
1

This is an expansion of the job description. This outlines training requirements, grades
and personal qualifications of individual to actually be considered for the job. This is all about
skills and purpose of this is to outline clearly to candidates what they must have to get the job.
P2 Employability, personal and communication skills required for specific jobs.
As to perform the activities and operations for specific job skills are very much required by
candidates so that proper operations can be carried out in an organisation (Grönroos, 2011).
Following are some of skills that are very essentially opted by a person as well as this must be
present in a person so that they can perform actions as asked them to do so-
 Personal skills means the ability used by a person to properly interact with others. These
personal skills are character traits possessed by an individual. They determine how one
addresses issues to find a solution. These skills are many times learned and also it can be
inherited from their parents as well. Personal skills required in vacancy can be founded in
the job description, these are very useful to operate actions and operations of the firm in
effective and appropriate manner.
 Employability skills means a group of essential abilities that involve development of a
knowledge base, expertise level and mind-set that is increasingly necessary for success in
modern workplace. There are number of skills that a candidate must require to perform
on the given task to him. These skills will assist in building healthy relationship with
other employees as well as with peers and colleagues.
 Communication skills mean abilities in areas of language understanding, communicating
expressively, and practical language skills. As to convey one's thoughts and view it is
very essential foe a person to know the correct mode of communications so that what
he/she want to express can be effectively conveyed to other person (Hart and Dowell,
2011). Communication skills are very necessary
TASK2
P3 Physical and technological resources required by the company.
In order for business to provide products and services to its customers they will need
different in-house resources to facilitate smooth running of business. Physical resource that is
required for the operation of business is insurance, some insurances are required by law for
2