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Business Resources of Hendy's Ltd

   

Added on  2020-10-05

12 Pages3352 Words109 Views
BUSINESSRESOURCES

Table of ContentsINTRODUCTION...........................................................................................................................1TASK1.............................................................................................................................................1P1 Recruitment documentation used in an organisation..............................................................1P2 Communication , Employability and Personal skills..............................................................2TASK 2............................................................................................................................................3P3 Description of main physical and technological resources required in the operation............3TASK 3............................................................................................................................................4P4 Sources of external and internal finance................................................................................4P5 Interpretation of trading and profit and loss account and balance sheet.................................5P6 Uses of a budgets as a means of exercising financial control.................................................7P7 Financial state.........................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONBusiness resources are the resources which are known as the factors of production whichconsist of labour and land, enterprise and capital. Labour means the human resources whichincludes all the individual which are required by company to generate its revenue. Land is anatural resources which give the raw material required for various components such as buildings,transport, mechanisms and machinery. This report contains the detailed analysis of Hendy's Ltdwhich describe the documents which are used in recruitment process. Hendy's Ltd is anautomotive dealer which deals in both used and new vehicles. It also provides various serviceplans, accessories, accident repairs and tires. This report describes the main employability,communication and personal skill required for a specific job role. It describes the main physicaland technological resources and various sources which are required by a business. TASK1P1 Recruitment documentation used in an organisationJob Advert: Hendy's Ltd prepare the job analysis before making job adverts. It isconsidered as one of the most important part of recruitment process, as it helps companies toidentify the vacant position in the company and the type of candidate which could be essentialfor the organisation in order to achieve its organisational goal (Noe and et.al., 2017). it isimportant for a company to perform job analysis, as it provides an in depth knowledge of thevarious responsibilities, task, soft skills and skills which are required in a candidate to performits job successfully. Hendy's Ltd prepare job advert for the position of sales representative.Job Description: Job description is a document which is prepared by the companieswhich states the complete job roles and responsibilities which a candidate has to perform in aspecific job. This document also includes the minimum experience required by a candidate andvarious other eligibility criteria required by for a specific job. It is important for Hendy's Ltd toprepare job description as it define complete role of a job for which a position is vacant.Person Specification: Person specification is description which states the minimumqualification, experience, knowledge, skills and other attributes which must be possessed by acandidate in order to perform the job duties. It is important for Hendy's Ltd to provide personspecification as it provide the minimum standard which an individual must possess. 1

Application form: Application form is a form which is provided to the interestedcandidates in which they provide their personal details. It is important for company to providethe application form as it helps HR managers to sort out the interested candidates from othercandidates.P2 Communication , Employability and Personal skillsCommunication Skills: It is skills which helps the employees to communicate easilywith his seniors, subordinates, staff and colleagues (Anderson, 2013). It is an important for acandidate applying for a sale job to have good communication skills as they have tocommunicate about the companies product to it customers to bring in the sale and generaterevenue for the company. It is important for a candidate to have a good personal skill whileapplying for the job of sales representative as communication is the most important skill which is2

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