Financial Resources of a Selected Organization

Unit 02: Business Resources
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Table of Contents
Introduction...............................................................................................................................................................
P1. Describe the recruitment documentation used in a selected organization......................................................
P2. Importance of Employability skills and Personal skills.....................................................................................
P3. Physical and Technological Resources of Stemcor............................................................................................
P4. Produce a formal report to the Board of Directors describing the internal and external
financial resource management and evaluation........................................................................................................
P5. (a) The current break-even point and chart for Scrumptious..............................................................................
P5 (b) Budget and its importance in Scrumptious Cupcakes....................................................................................
P6. Income statement, balance sheet evaluation.......................................................................................................
P7. Uses of ratio analysis and its interpretation........................................................................................................
Conclusion................................................................................................................................................................
References.................................................................................................................................................................
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Introduction
Business resource is the economic and productive factor which is required to
accomplish an activity by following this factors. Resources planning helps small business to
manage resources perfectly that help to maintain the productivity in organization. The
organization should focuses on business resources in order to perform the business activities
(Burger and Luke, 2017) . It is very important for organization to manage all resources for
running a business within enterprises. Business resources are defined as human resources,
capital, labor and financial resources which help to attract the customers. Without business
resources a company can not run in market place as it need to arrange the resources for entire
business. To know about business resources STEMCOR has been selected that is steel trading
and distribution company . It was founded in 1951 that is a leading independent services
provider for steel industry. The current report is about business resources that help to face the
competition and maintain profits. This report will also discusses about different topics such as
recruitment document, importance of employ ability and personal skills, physical and
technological resources and formal report to board of directors by describing internal and
external financial resources management which impacts on business.
P1. Describe the recruitment documentation used in a selected organization
Recruitment is the process of hiring, attracting, short listing and selecting the
candidates for jobs within a company. The manager of an organisation gives vacancy
advertisement through different sources such as websites, newspapers and social media that
help candidates to know about vacancy. In STEMCOR, HR manager find the demand of
employees within organisation and fill vacancy through recruitment process.
Recruitment documentation is a templates that provides information about vacancy,
role and responsibility which is required within organisation. Moreover, it helps employer to
manage the application, interviews and selection process to adding new staff. In other words,
this is document which is used by managers to maintain the recruitment system by hiring best
candidates in company. Such as STEMCOR prepares recruitment documentation to hire the
employees that help to run a business successfully.
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Job advert: This is a print or electronic notification of a proposal to recruit new
candidates to perform particular job profile within organisation. This is used by employers to
request applications from the public and targeted candidates as it requires in business industry
(Burns, 2016). Such as the manager of STEMCOR use job advert to influence people and get
them apply for job role or vacant profile. This is important for organisation as it attracts right
candidates for performing particular job role by using skills and experience.
Preparing the job description and job specification
Job description: This is a informative document which is prepared by managers to
define the scope, task, duties and responsibilities within organisation that need to perform.
Such as the manager of STEMCOR prepares job description for vacant profile by giving all
information.
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Job specification: This is a written statement that states specific qualification, qualities,
experience level, technical and communication, emotional and skills required to perform job
responsibilities. In STEMCOR, manager defines qualification, skills and experience which is
required in company.
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Position Available: This means job title or position which needs to be held by an
employee to fill the vacant post (Cascio, 2015). In other words, it can be define in level of
position or responsibilities of person that need to be hold by a person.
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