Minimum Wage and Business Impact

The assignment examines the effects of a rise in the national minimum wage on businesses. It discusses potential positive impacts such as increased worker motivation and purchasing power, but also highlights concerns like increased costs for small businesses and potential price hikes for consumers. The analysis aims to provide a balanced perspective on this complex issue.

BUSINESS SKILL

TABLE OF CONTENTS
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
TASK 2...........................................................................................................................................3
a) Preparing Curriculum vitae ....................................................................................................3
b) Cover letter for expressing my interest ..................................................................................6
TASK 3............................................................................................................................................7
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................10
APPENDIX....................................................................................................................................11
Appendix 1: Advertisement for HR manager job ....................................................................11

INTRODUCTION
Business skills consist of different types of abilities which are required among individual
to carry out the work effectively. This report will showcase the example of preparing an effective
CV as well as cover letter for the selected position (Haseltine, 2013). Furthermore, in the report,
analysis of the given article will also be carried out.
TASK 1
It is in PPT
TASK 2
I have done my master degree in Human Resource. Furthermore, I have two year work
experience in the given field only. Hence, I want to accomplish my career in this field only.
Herein, I want to apply for HR position in some famous firm. In this regard, I have seen the
advertisement of Oakleaf company for HR manager position. Thus, I want to apply for the same.
Considering the given aspect in mind, following questions are answered:
a) Preparing Curriculum vitae
CURRICULUM VITAE
Paul Martin
Email Id: [e-mail]
Contact No: [phone]
CAREER OBJECTIVE
My career objective is to apply my knowledge as well as skill in the company and contribute
towards its tactical goals and objectives and thereby enable enterprise with regard to perform
necessary improvement in the sales and profits.
CAREER SUMMARY
 Having 2 year experience of HR functions.
 Have been the start performer of the month in my previous job
 Enthusiastic, motivated and result oriented HR professional with having immense
knowledge of different HR related work such as recruitment, selection, training and
making salary etc.
 Highly proficient in giving valuable suggestions as well as expert in making quick

decision in accordance with the situation.
 Capable in taking order from the senior with having the ability to accomplish the
assigned work within the given specified time limit.
 Have the capability to handle team with lots of patience.
 Have the knowledge to manage stress
PERSONAL QUALITIES
 Remarkable analytical, logical and technical skill
 Excellent communicator as well as motivator
 Have the skill to examine the qualities among people.
 Team building spirit
PROFESSIONAL SKILL
 Having good knowledge of steps which are used in recruitment cycle
 Have the information about ways to assess the training and development needs of
workers.
 In-depth knowledge of both company and industrial laws
 Active candidate generation
TECHNICAL SKILLS
 Operating system: Windows 98, 2000, XP, Windows 7 and 8.
 Tools: Microsoft office, excel and power point etc.
 E-mailing Tools: MS outlook, yahoo and google.
KEY RESPONSIBILITIES HANDLED
 To analyse the requirement of firm
 To examine the quality of people and call them for an interview through phone calls.
 Performing all the recruitment and selection steps and thus place right employee at right
position.
 To retain existing employee within firm and take regular feedback from them.
 To work and abide with the policy of company.
 To examine the skill development need among workers
 To make all necessary arrangement with respect to the training and development
program.
 To establish coordination between varied departments.

 To represent the feedback given by both existing and new workers in front of
management.
ACHIEVEMENTS
 Have won star performer of the month award in my previous job.
 Have won gold medal in my bachelor degree.
EMPLOYER
 Worked as HR executive in Aldi since 2014-present.
ACADEMIA
 Pursuing MBA in HR from London university
 Have done by graduation in management from London University with 75%
 Have done my higher secondary school from St Paul School with 82%
 Have done by secondary school from St Paul School with 83%.
PERSONAL DETAIL
Father name: Johnson Martin
DOB: 04-12-1993
Language Known: English, German and Spanish
Hobbies: Reading novel, playing cricket and listening songs etc.
References
Ms Smith Morison
Senior HR manager
Aldi
Contact No: 589543565
I hereby declare that all the details which I have mentioned above is correct.
Paul Martin

( )
Signature
b) Cover letter for expressing my interest
11-July-2016
Oakleaf Partnership
Address: 4th Floor, 13 Southampton Pl,
London WC1A 2AL, United Kingdom
Phone: [phone]
Email: [e-mail]
Dear sir/madam
I am contacting you in relation to the advertisement which you have posted on job portal
site. My interest for the given position stems from the belief that I have combination of number
of skills such as staffing, communication and motivation etc. Thus, I consider myself perfectly
suitable for the given position.
To the date my strongest skills are as follows:
 I am good communicator
 Have the capability to work in team and finish my work within the given specific time
limit.
 Have the ability to motivate people in a stressful circumstance
 Have the knowledge of recruiting people and thus placing them in the right position
 Have good knowledge to analyse skill among employee which needs to be improve.
I consider myself to be dedicated individual who accomplish its task with full sincerity.
In addition to this, I have good knowledge of working in HR field and thus I will out up my
gained knowledge in the respective company. Thus, I consider myself perfect for the respective
company or the position. This is because, I have people skill which is being very essential among
the individual who will take over HR job. In addition to this, I would also like refine my HR
skill by working in your firm.

At the end, I would like to thank you for giving me your precious time and attention. I
hope that you and your company will find me suitable candidate for the respective position. I am
looking forward for the same.
Your's sincerely
Paul Martin
TASK 3
The essay is being written on the article. Herein, I am totally agreed with the fact that
“Tory welfare cut will destroy benefit of new living wage”. This is because, the article clearly
depict that rise of 50p in a hour will not cover the loss which is being incurred by around 6.5
million people. In accordance with the given context, it is assessed that it is not essential that rise
in a national minimum wage will always lead to provide benefit to the workers. This is because,
minimum national wage rate will be provide as effective if it is being set in accordance with the
current scenario of market (Ihlen, Bartlett and May, 2011). For example, the minimum wage rate
of labour should be changed as per the current economic scenario of country. This is because,
value of money will degrade on time to time basis. For instance, the worker of present year
cannot live their life by earning 250 pounds per month. This is because, with this money an
individual cannot meet out all the expenses of their living.
Hence, the given type of thing is also being seen in the respective article. In accordance
with the given context, it is examined that government decision to increase wage of worker by 50
p for an hour will not increase their standard of living. Furthermore, the national minimum wage
will also fall short of an actual living wage which is being calculated after considering the cost of
many things such as housing, food transport and basic amenities etc. Thus, these evidence will
totally provide support to the statement such as “Tory welfare cut will destroy benefit of new
living wage” (Bloss, Schork and Topol, 2011).
In addition to this, the given statement has also taken support from different people. For
example, Low Pay Britain report is saying the living wage of worker will have to higher. This is
because, if this will not be happened then condition such as poverty will be increases more.
Furthermore, the given thing will also lead to cause direct effect on the standard of living of the
people of country. This will make their condition worst. However, by making significant
increment in the minimum national wage, government can improve condition of workers who are
living within country. Such efforts from the side of workers will also enhance motivation level of

low wage workers. This will enable them to deliver their best service to the corporation. Thus,
this thing will lead to firm where they will work in the form of increase profit and sales in an
effectual way. Overall, it can be said that the Troy welfare cut will lead to have significant
impact on the benefit which individual will get on getting living wage.
Thus, I am giving support to the argument that national minimum wage rate should be
welcomed. But, it has been evaluated that such decision from the side of government will tend to
direct effect on the company. However, article also indicate that the given decision will have
effect on those sectors which possess high number of low paid workers. Herein, it is assessed
that hospitality and retail are being regarded under the category of such sector which possess
huge mass of low paid workers.
In addition to this, rise in minimum national wage will lead to hurt many small business.
This is because, such effort from the side of government will enhance the cost of firms which are
operating within country. This will happen because manager of firm will have to pay high salary
to their employees or workers. Hence, the cost which firm has incurred in the given task will
need to be adjust by it in some other activities. But, in case if manager of firm will not being able
to do this then in the given situation it will become very difficult for them with respect to survive
in the market in an effectual way (Stanaland, Lwin and Murphy, 2011). This is because, in order
to survive in market manager of firm will have to perform significant reduction in the price of
product which is being offered by it. Here, it is by complying with the given type of activity only
firm can attract large number of customers towards its firm and thus gain the benefit in the form
of increased profits and sales. But, in case if manager will increase minimum wage of worker at
that time it will lead to raise overall cost of firm and thus it will also force firm with respect to
sale their services at higher prices.
But, still the argument given is correct. This is because, without the team of motivated
worker firm will not being able to carry out best from them. However, worker tend to feel highly
motivated and satisfied when they will be able to receive wage which will assist in enhancing
their standard of living.
CONCLUSION
It can be concluded from the report that business skill has its benefit as it assist
corporation in the task of raising sales and profits. It will also play very critical role in terms of
building competitive position of corporation in market.

REFERENCES
Bloss, C. S., Schork, N. J. and Topol, E. J., 2011. Effect of direct-to-consumer genomewide
profiling to assess disease risk. New England Journal of Medicine. 364(6). pp.24-534.
Haseltine, D., 2013. Job-search basics: how to convert a CV into a resume. Nature immunology.
14(1). pp.6-9.
Ihlen, Ø., Bartlett, J. and May, S., 2011. The handbook of communication and corporate social
responsibility. John Wiley & Sons.
Stanaland, A. J., Lwin, M. O. and Murphy, P. E., 2011. Consumer perceptions of the antecedents
and consequences of corporate social responsibility. Journal of Business Ethics. 102(1).
Pp.47-55.

APPENDIX
Appendix 1: Advertisement for HR manager job