Unit 02: Business Resources

Unit 02: Business Resources
Table of Contents
Introduction......................................................................................................................................4
P1. Describe the recruitment documentation used in a selected organization.................................4
P2. Importance of Employability skills and Personal skills..........................................................12
P3. Physical and Technological Resources of Stemcor.................................................................15
P4. Produce a formal report to the Board of Directors describing the internal and external
financial resource management and evaluation.............................................................................19
P5. (a) The current breakeven point and chart for Scrumptious....................................................21
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P5 (b) Budget and its importance in Scrumptious Cupcakes........................................................24
P6. Income statement, balance sheet evaluation............................................................................25
P7. Uses of ratio analysis and its interpretation.............................................................................27
Conclusion.....................................................................................................................................29
References......................................................................................................................................30
Introduction
To run a business in a desired manner, the employers of a company have to introduce
various resources. It includes human labour, equipment, machineries, technologies, raw materials
and more. Among these materials, human resource is considered as the most essential asset,
without which a company cannot run its business. The present assignment is going to describe
procedures through which an enterprise brings human capital at workplace. For this purpose, the
Stemcor is chosen which is one of the largest steel trader company of UK, that operates its
business in more than 45 countries. It acts as an intermediary between sellers and buyers of steel
and raw materials, as well as provides a range of services, such as logistics, inventory and price
risk management. Here, the recruitment documentation used in this organisation is described,
including description of employability skills and its importance, by taking various examples.
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P1. Describe the recruitment documentation used in a selected organization
Recruitment documentation includes the entire processes used for hiring candidates
within a workplace, either by internal or external sources. When a company fulfil its vacant
position either by giving promotion to own employees or transferring their job then this method
is known as internal source of recruitment. While hiring workers from outside environment
through campus placement, job advertisement and more, is said to be external source of
recruitment. In context with Stemcor which is a steel trading and British distributor of UK, uses
both processes for hiring best eligible workplace, to provide effective services to customers. For
example – to fulfil a vacant position as a manager in Customer Service Department, following
recruitment documentation process is taken by HR managers of Stemcor:
Job advert: It is the initial document of recruitment process where, a company give
advertisement about vacant position at its workplace. It informs potential candidate to apply for a
job within given dates. A sample for job advertisement is given below:-
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For example – HR managers of Stemcor have prepared the given report to be advertised
on company’s website and job portal, for bringing best talented one at workplace.
Job Adverstisement
There is a vacancy of manager post in CRM department of Stemcor so, interested candidates
having experience of more than 8 to 10 years are hereby, informed to give their application
(resumes) before 27th June, 2019.
Interested candidates are hereby, apply for given post by uploading their resumes on
company’s websites – www.stemcor.com before deadline.
Preparing the job description and job specification:
Job description: This part describes the purpose where, roles and responsibilities are described
that fits with a specific position. A sample format under which a company can prepare the given
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document is given as beneath:
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