Business Resources Report: Recruitment, Skills, and Finances

This report provides a comprehensive analysis of business resources, focusing on recruitment documentation, employability and personal skills, and financial resource management within the context of STEMCOR. It details the recruitment process, including job descriptions, specifications, and interview procedures. The report emphasizes the importance of employability and personal skills, such as qualification, experience, and adaptability. Furthermore, it explores STEMCOR's physical and technological resources, including buildings, equipment, and vehicles. The report also includes a formal report to the Board of Directors, addressing internal and external financial resource management, along with break-even analysis and budgeting for Scrumptious Cupcakes, and evaluations of income statements and balance sheets, including ratio analysis. The conclusion summarizes the key findings and recommendations for effective resource management and business operations.

Unit 02: Business Resources
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Table of Contents
Introduction..................................................................................................................................3
P1. Describe the recruitment documentation used in a selected organization..........................3
P2. Importance of Employability skills and Personal skills.......................................................11
P3. Physical and Technological Resources of Stemcor..............................................................14
P4. Produce a formal report to the Board of Directors describing the internal and external
financial resource management and evaluation..........................................................................16
P5. (a) The current break-even point and chart for Scrumptious...............................................17
P5 (b) Budget and its importance in Scrumptious Cupcakes.....................................................19
P6. Income statement, balance sheet evaluation.........................................................................21
P7. Uses of ratio analysis and its interpretation..........................................................................23
Conclusion..................................................................................................................................27
References..................................................................................................................................28
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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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Short listing the candidate: This means scrutiny of resume or application which
matches with required skills and experience for desire profile. Such as the manager of
STEMCOR view the application and reject who does not match with needs and wants.
Letter of invitation for interview: This is the process which is doing by manager after
short listing the candidates in organisation (Cosgrove and Rijsberman, 2014). In STEMCOR,
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manager accept the candidate's application which matches with skills and sent them call letter
for attending the interview.
Application Form: This is the first form or round of getting interview of selected
candidates. Employers get background, knowledge, and other related information through this
form. This form help STEMCOR to know about candidate's information and prepare
questionnaire for interview.
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Interviewing the candidate: This is the process of getting the interview by asking
questions which relates to job role and responsibility within organisation.
 Tell me about yourself?
 What is your short term goals:
 Have you any work experience?
 Why you want this job as Machine operator?
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 Why should hire you?
Making the hire: This means organisation select the candidates for performing the job
after getting interview within business industry. Such as STEMCOR conducts interview round
and select the best applicants for performing the job role and responsibilities in business entity.
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P
2. Importance of Employability skills and Personal skills
There are three criteria that must be met to be employed for the position (Kotler, 1979).
Employment skill criteria: This means skills which is needed for performing specific
job role within organisation. Such as the employer set the criteria for hiring the candidates for
performing the job role. It involves specific qualification, skills and experience that help to
understand the role and responsibility in company.
Past experience criteria: This means past information of employees that states in
which organisation employees has worked and how much times. This is very important for
organisation as it help to make correct decision for employees and also help to perform the
business activities in entire organisation (Erasmus, Strydom and Rudansky-Kloppers, 2016).
Such as manager of STEMCOR get the information from employees about past employing
details in order to make business decision or hiring right person within organisation.
Personal skill criteria: This means personal skills and knowledge which is required
within organisation to accept the challenges and implement them by using own skills. This
skills influences employers as well as others to increase the production and profitability within
organisation. In STEMCOR, managers evaluates employee's personal skills that help to
address the problems and leads to increase the productivity.
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Employability skills
Qualification: The selected candidate must have the right qualification for the
particular role and to carry out the responsibilities and task given for that job role. In
STEMCOR manager find the skills for mechanic who can operate the machine easily.
Experience: The candidates need to have experiences in related field for minimum
periods of time. The experienced staffs provide better performance, give information about
competitors, and bring knowledge and information from diverse environments. Additionally, it
help to solve the difficulties which are arises within organisation.
Product knowledge: General knowledge about bakery products are desirable but not
essential. Proper training will be provided to the selected employee. It help to create the
confidence in front of customer in order to sell the products and services (Inman, 2016).
Personal skills
Hardworking: A hard-working staffs can finish the tasks given on time and manage
the tasks properly. Thus, they can gain an improved performance in workplaces. It is vital for
machine operator to be hard-working as a hard working person who put all his efforts in
performing his work. Working hard means never give up too early and give the best result in
order to achieve the task. In STEMCOR employees are hard working who make efforts to
complete the targets and increase the production.
Flexibility: This is most important in workplaces including Greggsplc because a staff
need to work for different shifts in different days of the week. It is also important for Greggs to
fill in the staffs shortage and skills gap in workplace. Changes often take place in our
surroundings and it is necessary for everyone to be adapting or flexible according to the
requirements. This skill help to accept the changes and technology which can be occurs in
entire business.
Team player: the staffs must be good team players because a good team work give a good
performance. Thus, staff must be supportive, helpful and friendly in the workplace. A team
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