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Running head: CARNIVAL UK CARNIVAL UK Name of the Student Name of the University Author Note
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4CARNIVAL UK DateParticulars L/ FAmountDateParticulars L/ F Amoun t 1-FebTo Kate a/c500128-FebBy balance a/c34553 1-FebTo Harry a/c29552 3455334553 DrKate a/cCr DateParticularsL/FAmountDateParticularsL/F Amoun t 6-FebTo Bank50011-FebBy purchases5001 50015001 DrHarry a/cCr DateParticularsL/FAmountDateParticularsL/FAmount 17-FebTo cash295521-FebBy purchases29552 2955229552 Trial Balance In the books of Carnival UK, Trial Balance Particularsl/fDebitCredit Purchases a/c34553
5CARNIVAL UK Cash a/c19778 Harry a/c Kate a/c Bank a/c2993 Catering a/c2008 Sales beverage42493 Sales food6837 5433154331 *All figures are inÂŁ Activity 2 The Key performance indicators tend to form a crucial part of the measurement of the overall financial performance and helps in ensuring that the organization is able to look out for its operational performance and ensure that it is successfully able to keep up with the different competitors. Although regular auditing procedures form a regular part of the organization, however, it may become difficult for a business to assess the performance against the particular set standard (Bratton and Gold 2017). This is where the role of the Key performance indicators come into question as they are able to measure the performance of the firm in numeric and are able to establish a decision making standard. For a restaurant, the following key performance indicators can be made use of in order to assess the sales and the standard of the operations. Sales mix The first indicator which can be used is the sales mix. The sales mix helps in gaining an idea of the sales earned by the firm against the standard Industry measures. There exists a presence of several pre-determined rates which need to be measure against a set standard and with respect to this, it becomes very important for the firm to ensure that their sales standard is as
6CARNIVAL UK per Meals 66.2%, Non-alcohol drinks 4% and the Private functions which are 2.6% (Ramlall 2003). If the firm has achieved this standard then it could be understood that the firm has been performing adequately well, else it will be required to improve the performance. Profitability Measure The profitability measure is useful to understand the amount of profits which are being earned by the firm against the costs of their investments. The profitability indicator helps to understand whether the firm is performing well or not. The average profit which is generally earned by the organization like a restaurant needs to be around 11% and hence, if the restaurant is able to earn this profit, it can understand that it has been performing well. The profitability index also helps in measuring the price of foods, cost of minimum wages and the overall earnings of the firm. Activity 3 HR Life cycle of Food and Beverage manager on the Cruise Ship
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7CARNIVAL UK Figure 1: The HR life cycle (Source:Brewster, Chung and Sparrow 2016) The HR cycle can be stated to be a useful measure for an employee in an organization as it helps to provide a sense of guidance to the manager as to what he can look forward to in his tenure at the firm (Carnival UK (1) 2018). The overall Human resource lifecycle of the Food and beverage manager in a firm can be stated to be as follows: 1.Recruitment and Orientation: The recruitment and the orientation forms the first stage of the Food and beverage lifecycle as it forms the base of the cycle. The manager enters the firm through this stage and through the procedure orientation, the manager is introduced to his overall responsibilities which will help him in understanding what can be expected out of him. 2.Planning of the career and promotion: The second stage involves the planning of the career and related growth in the realm of the firm (Ramlall 2003). It is important for the manager to ensure that they are successfully able to plan their career accordingly and see the path of their progression. Once the manager sees a future for themselves, then they will continue to perform in the firm with utmost motivation. 3.Career shifts and development: The position of the manager will not remain stable throughout the organization and instead, they keep promoting through the tenure of their stay at the restaurant. Hence, the manager may undergo a considerable change and may get promoted throughout the organization (Carnivalcorp.com(1) 2018). Hence, his skills will improve and as an employee of the firm the firm would be required to ensure that, they are able to achieve success.
8CARNIVAL UK 4.Transition or Termination of the job:The last stage which the manager may undergo is the stage related to the termination of the job. This means that the manager would either transit through the job role or be terminated for other reasons. Hence, the manager should also be prepared well for this stage and considerable measures to improve the scenario must be undertaken. Importance of HR Life Cycles for Strategic Talent Management The Human resource cycle not only assists in ensuring that a manager is able to gain the knowledge of the firm for the employee but forms an integral part of the Strategic Management of Talent. The HR life cycle helps in maintaining the overall responsibilities of the firm and helps in retaining the overall talent in the firm as well. It helps to identify the right employees as present in the firm and with this, also goes a long way in ensuring that the employees are able to get motivated and maintain their association with the firm (Lawson and Hepp 2001). Hence, with this, it can be understood that not only is the HR Cycle useful in maintaining the overall relations of the firm but can also be stated to be an assistance for the management of talent. Recommended documentation The maintenance of the documents can be understood to be a useful part of the organization as it assists in ensuring that the firm is successfully able to help as a record in the latter half of the employee tenure. In addition to this, the documentation also helps to assist the employers during the promotion period as well as it maintains the overall records and data about the performance of the different employees. Activity 4 Performance management Plan
9CARNIVAL UK Goals desired: 1. To improve the overall the negative staff behaviour 2. To improve the staff retention rate Actions For the performance plan to be successful in the long run, it becomes important for the following strategies to come into action: ď‚·To improve upon the staff behavior of the employees and to mitigate any negative outcomes as associated with the organization, it can be considered relatively important to provide them engagement in the firm and allow them to feel a part of the firm. Once they will be able to engage in this, the firm might be able to improve the negative aspects of the firm. ď‚·Moreover, with this, it also becomes crucial for the firm to provide incentives to the different employees as present (Lawson and Hepp 2001). The working hours and other related aspects in the hotels are very tedious and for this, they should have provided adequate incentives to the employees and helped them to be motivated and remain in the firm.
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10CARNIVAL UK Figure 2: The performance management cycle (Source:Brewster, Chung and Sparrow 2016) Measurement of improvement to be followed The measurement for improvement and success performance management plan are as follows: Staff turnover rate Customer service rate Importance of the HR Life cycle for overcoming the issues related to staff retention The HR life cycle in addition to being a procedural aspect of the organizations as undertaken by the HR department also go a long way in ensuring that the firm is successfully able to improve upon the staff retention aspect as well. This is because, the HR life cycle portrays a systematic procedure for the different members of the organization as present. It helps
11CARNIVAL UK in the alignment of the organizational goals with the employee goals and in this manner the firm will be able to attain success with the tenure of the employees as well. Activity 5 Specific legislation of the particular business If a firm is required to operate in a competitive business environment then, they would be required to ensure that, they overcome any organizational barriers and are successfully able to carry out lawful administration and business. Hence, in the same manner, the Carnival UK as a business will also be required to follow certain regulations which will allow them to operate in the legal and right manner. The different legislative laws and rules which are required to be followed by the business can be the Package Travel, Package Holidays and Package Tours (Amendment)Regulations1992andCivilAviation(AirTravelOrganizer’sLicensing) Regulations 2012.These laws will go a long way in protecting the rights of the consumer and hence, will assist the different consumers and travelling freely. In this manner, the business will be carried out in an ethical and lawful manner. Impact of company, employment and contract law on the firm Ramlall (2003) states that the different laws as well as the legislatives have a huge long term impact on the different activities of the firm because it decides and validates the decision to be taken by the different employers and employees alike. The legislations and laws have the power to defy the working conditions of the employees and the overall working operations of the organization. There exists various types of laws like contract laws, employment laws and related aspects which tend to have an impact on the overall operations of the firm.This is because the legislations and the regulations tend to define the criteria’s which are required to be followed by
12CARNIVAL UK the firm and hence, any company which aims to conduct the right operations would be required to ensure that they are successfully able to conduct their overall decision making and operations and conduct lawful business. Activity 6 The laws and regulations can be considered to be critical to abide by because, laws validate the different operations which are required to be carried out by the organization. All the businesses are required to outline these laws as present and see to it that, they are able to carry out their operations as per the predefined and set standards (Noe et al. 2017). For instance, the different employment laws mention that, the employee will be required to work during certain specific hours in a week and the restaurant or the hotel would be required to ensure that they are successfully able to abide by these laws. In addition to this, the company laws as present often lay down the total working hours for which a restaurant can be run and with respect to this, the business should be designed and maintained in a manner such that all these laws can be fulfilled accordingly. This will ensure that the business carries out ethical activities and that they are able to engage in lawful considerations as well. It needs to be noted that a business not only requires to be profitable, but also needs to be ethical in nature.
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13CARNIVAL UK Figure 3: The cooperation and coordination (Source:Brewster and Hegewisch 2017). Activity 7 A restaurant or a hotel will be required to ensure that they are successfully able to provide a complete package to the different customers as present and with respect to this, they need to ensure that they integrate the different functions of the organization and are successfully able to provide adequate offerings to the different customers.In addition to this, any restaurant would also be required to ensure that, the different departments work together and are able to fulfill the different needs of the employees. For instance, if the cruise aims to provide a complete meal package to the different customers, then it would be required to integrate the different activities ofthecruise.Forinstance,itwouldhavetocombinetheactivitiesoftheoperational departments,thekitchendepartment,thefinancedepartmentandtherelatedamenities department (Brewster and Hegewisch 2017). However, the different customers cannot come to
14CARNIVAL UK know about the particular collaboration and instead they need to be provided with a service which appears to be comprehensive in nature and tends to fulfill the overall needs of the target audience. Hence, it is considered to be good if the functionalities of the departments become integrated in nature. Activity 8 The service quality which is provided to the different customers has a crucial role to play and goes a long way in assisting the staff as involved in the firm to ensure that they are successfully able to meet the overall needs of the customer. Hence, this coordination and cooperation’s amongst the different members of the firm has a crucial role to play in ensuring that the overall targets of the firm are achieved adequately. Moreover, there does exists a large number of ways in which the different members of the firm can easily communicate with one another. They can make use of a data base management system, with the help of which they will be able to figure out and understand the kind of service which is expected to be provided to the customers. Moreover, mediums like personal message, social media applications and phone calls can be made use of in order to ensure that, there does not exist any loophole with respect to the communication which has to take place between the employees (Noe et al. 2017). The tracking of the different operations tends to become considerably easier through the given process and additionally, the firm will be successfully able to achieve its long term goals. This evaluation will improve the overall efficiency of the operations of the firm. The good communication and coordination which takes place in a restaurant or in the hospitality industry will go a long way in ensuring that the firm is able to attain its overall goals and strengthen the value chain as well. In addition to this, the coordination and cooperation supports the different value chain activities and once this is done, the overall goals of the firm
15CARNIVAL UK can be achieved easily. In order to improve upon the same, it is recommended that the organization, trains the employees and provides adequate assistance to them, with the help of which they will be able to adapt with the new communications systems and assist the firm (Noe et al. 2017).
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16CARNIVAL UK References Bratton, J. and Gold, J., 2017.Human resource management: theory and practice. Palgrave. Brewster, C. and Hegewisch, A. eds., 2017.Policy and practice in European human resource management: The Price Waterhouse Cranfield survey. Taylor & Francis. Brewster, C., Chung, C. and Sparrow, P., 2016.Globalizing human resource management. Routledge. Carnival UK (1), 2018,Who We Are, viewed onhttps://carnivalukcareers.co.uk/who-we-are,last accessed 06 February 2019 CarnivalUK(2),2018,ExploreOurCareers,viewedon https://carnivalukcareers.co.uk/careers/#graduates,last accessed 06 February 2019 Carnivalcorp.com(1),2018,CorporateInformation,availableat http://phx.corporate-ir.net/phoenix.zhtml?c=200767&p=irol-prlanding,last accessed 06 February 2019. Carnivalcorp.com(2), 2018,Carnival Corporation & PLC Form 10-K for the Fiscal Year ended November30,2018,availableasCarnivalCorporationplc_10K_20180129.pdf,on http://phx.corporate-ir.net/phoenix.zhtml?c=140690&p=irol-reportsother2,lastaccessed06 February 2019. Lawson, T.E. and Hepp, R.L., 2001. Measuring the performance impact of human resource initiatives.Human Resource Planning,24(2), pp.36-36. Noe, R.A., Hollenbeck, J.R., Gerhart, B. and Wright, P.M., 2017.Human resource management: Gaining a competitive advantage. New York, NY: McGraw-Hill Education.