219MAN/504MAN - Resource Management Analysis of Oak Tree Inn

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This report provides a comprehensive analysis of resource management practices at Oak Tree Inn, a small and medium-sized enterprise (SME) in the UK hospitality industry. It examines the human resource functions implemented by the organization, including job design, employee hiring, training, compensation, performance management, and health and safety regulations. The report details the resources required to achieve organizational aims and objectives, such as human capital, information technology, natural resources, and financial resources. It appraises the use of these resources against organizational plans, focusing on financial stability, sustainability, and technological advancements. Furthermore, the report discusses plans to maximize resource utilization and implement remedial actions, emphasizing the importance of resource management tools and strategic planning. The analysis highlights Oak Tree Inn's commitment to delivering quality services, improving customer experiences, and maintaining a strong brand identity through effective resource management.
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Resource Management
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Determine the human resource function implemented by the business organisation..................3
Determine and plan the resources required to achieve an organization’s aims and objectives...5
Determine and appraise the use of resources against organizational plans.................................6
Discuss a plans to ensure that resources are maximized and remedial actions taken where
appropriate...................................................................................................................................8
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12
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INTRODUCTION
Resources are determined by people, equipment, place, money or anything or everything
which is needed by the organisation in order to accomplish the organizational objectives.
Resource management is something which is determined by effectively developing the resources
of an organisation when it is required. It involves different processes right from gathering
information of number of resources required, developing and maintaining there is suffice
availability in order to accomplish organizational objectives. Human capital is the most
important asset of an organisation Thus, an organisation takes different set of initiatives in order
to maintain and develop the human resource of an organisation. This report is in the context of
oak tree in which is a small and medium organisation located in England, UK. This SME is
founded by Sandy and Lucy Fraser in the year 1997. Oak Tree Inn is operated in the hospitality
industry, The business delivers number of services such as accommodation, restaurant, bars,
cruise services. This report covers human resource functions, resource planning in order to
accomplish organizational objectives, use of the resources, and overall business plan (Bower,
2017).
MAIN BODY
Determine the human resource function implemented by the business organisation
As human capital is an important asset of an organisation, if he comes important to
maintain, develop these resources for gaining organizational benefits and success. There are
different human resource functions performed by the HR manager in the association, these HR
functions are discussed below in brief:
Job design and analysis
Job design is determined by defining the roles and responsibilities required by employees at
work. Wherein job analysis is determined by determining the job requirements pertaining to a
specific job role. The HR manager in the association integrates the job analysis and job design by
describing workforce requirement, establishing effective decision of managing and performing
different core activities of the business (Chofreh and et.al., 2020).
Employee hiring and selection
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Employee hiring and selection is determined scrutinizing the workforce requirement in the
organisation and recruiting the most skilled and talented candidates. The HR manager of the
association recruit such candidates which effective communication and other technical skills
pertaining to Different job roles and matches their level of competencies which the type of role
they are hired for.
Employee training and development
It is important that HR manager trains and develop the human capital at work. The HR manager
of Oak Tree Inn delivers proper training in development activities to new as well as existing
employees in the workplace in order to Accomplish continuous growth of professional
competencies and enhance the business performance at work (Chung, Lee and Jung, 2016).
Compensation and benefits
Compensation and benefits is one of the most important key function of human resource
Manager. The HR manager complies to The legislation framed by the government of UK for
delivering salaries in wages to the employees Such as minimum wage rate act. The human
resource manager of Oak Tree Inn delivers salaries as per the job profile and the work performed
by each and every employs. Apart from that the HR manager also delivers compensation and
other Financial benefits to employees in order to motivate and stimulate their productivity
towards work.
Employee performance management
It is important that human resource manager scrutinize the performance of each and every
employee at work. The HR manager of Oak Tree Inn manages the performance of employs and
the overall business performance frequently so that grey areas and weaknesses can be timely
analyzed and corrective actions can be taken.
Employee engagement and communication
Employee engagement and communication is an integral part of HRM. The human resource
manager of the Association promotes effective communication with the employees by frequent
group discussions, and maintaining employee relations so that employees are able to address
their concerns and issues, delivering frequent feedbacks to the employees and other approaches
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in order to Encourage employee engagement and loyal contribution towards the work (Collins,
2021).
Health and safety regulation
The HR manager needs to adhere all the health and safety regulations laid by the legal
authorities. The human resource manager of the Association complies with all the health and
safety regulations to deliver both mental and physical safety and protection to the employees at
work in order to run the business operation in the most ethical and maintaining positive working
environment at work.
Equality
The human resource manager of the association compliance with legal legislations pertaining to
facilitation of equality at work. Apart from that the HR manager also trains the employees by
addressing all the equality standards and measures in order to respect each and every employee
irrespective of their background, culture, age, Health condition or any other factor (Cortez and
et.al., 2017).
Determine and plan the resources required to achieve an organization’s aims and objectives
Resources are determined by people, equipment, money or anything which is required for
carrying organizational objectives. There are different set of resources required in order to
accomplish organizational aims and objectives. As Oak Tree Inn is a SME Operating in
hospitality industry, the main aim and objective of the business is to deliver accommodation,
restaurant Services to its customers. Wherein the main USP of the organisation is to deliver
quality services by improving customer experiences and delivering them value at affordable
ranges. Identifying and estimating resources also becomes crucial in order to assign resources to
each business activities. Oak Tree Inn estimates the resource requirements with the help of
different tools and techniques such as expert Judgement, alternative analysis, project
management software is. It is important to estimate the availability of resources by gathering
information of what, When, Why and how resources are required at work. In order to accomplish
the objectives of the business, different set of resources required is financial resources, human
capital, information technology (IT), infrastructures and natural resources (DeCenzo, Robbins
and Verhulst, 2016).
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Human capital
In order to facilitate the need of human capital, HR manager is deployed in the workplace in
order to recruit and hire skilled human capital in the workplace and identify the workforce
requirement to improve customer experience. In order to acquire skilled and talented employees
at work, the HR manager uses different digital platforms to identify the most suitable candidate
and recruit to specified job roles.
Information technology
Information technology is a integration of different IT artefacts, employs for using the data and
process for storing, maintaining and utilizing the data for business. IT becomes also important in
order to accomplish organizational objectives for storing important business data, using for
different functional activities such as marketing, sales, analyzing the financial position by
preparation of financial statement and so on. Information technology includes all the electronic
devices, people using it for the purpose of storing business data and using it for business use
(Ghobaei-Arani, Souri and Rahmanian, 2019 ).
Natural resources
Natural resources like hydro power, solar energy is used by the Association in order to facilitate
the use of renewable sources of energy in energy production for carrying different organizational
activities.
Financial resources
Financial resources are the most crucial Resource for any business irrespective of its size, scope
and purpose. Oak Tree Inn avails financial resources in order to meet organizational objectives
such as purchasing infrastructure for accommodation and restaurant services, delivering salaries
and wages to the employees and for carrying all other crucial business expenses. The association
acquires financial resources from different public and private Financial Institutions such as
Commercial banks, lease financing, retained earnings and so on (Harrison, Hall Jr, and
Nargundkar, 2017).
Determine and appraise the use of resources against organizational plans.
Use of different resources in order to accomplish organizational objectives:
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Financial Resources
Financial resources are like a food to the business activities which is needed in order to carry
business activities as per the Determined objective. As required in each and every business
functions be at investing in new ventures, managing the functioning of the existing business
projects and so on. Oak Tree Inn Business Formulate effective financial plan in order to make
sure that there are sufficient funds in the business. If business have sufficient financial resources
it can acquire financial stability and profitability margin in the marketplace. Having strong
financial stability is important in order to maintain sustainability of the business in the
marketplace.
Natural resources
By the rising environmental concerns, Oak Tree Inn promotes the concept of sustainability which
says in order to protect the natural and nonrenewable resources for long-term Societal welfare
and business sustainability in the market place. The association uses natural resources such as
water and sun energy for producing electricity for carrying business activities. Promoting the
concept of sustainability by using natural resources helps the business to maintain a strong brand
identity in the market place. It also reflects the association’s corporate social responsibility for
carrying the business activity that adds a positive influence on the society and supports the
business for long-term stability and wealth maximization in the marketplace (Kraev and
Tikhonov, 2019).
Information technology
Information technology is everything pertaining to IT Artefacts Such as computers, and other
electronic devices used in the business for the purpose of storing maintaining and distribution of
data and people using the data for business objectives. Oak Tree Inn uses embedded software and
technologies in order to accomplish efficiencies and productivity in the business objectives. The
association also uses internet medium in order to conduct its marketing activities. Association
uses digital marketing approaches such as social media platforms, Search engine optimization
and email marketing in order to promote its services to the targeted customers. The association
also uses Performance metrics software is in order to Measure the effectiveness of the business
performances. Other soft wares and technologies used by the business includes cloud-based
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computing in order to store the business data in virtual platforms and saving the cost incurred for
maintaining units of storing the data. Other technologies used by the business includes artificial
intelligence, augmented reality in order to manage business functioning in the most efficient
manner (Maritan and Lee, 2017).
Human resource
It is no-brainer that human resource is the most crucial and integral part of any business, without
human resource it is impossible to manage business functioning. The association uses human
resource capital aggregating them into different business units such as human resource
department, marketing department, financial department, sales department and so As per the skill
and competencies of different individuals pertaining to specific job positions.
Discuss a plans to ensure that resources are maximized and remedial actions taken where
appropriate.
Resource management plan created by the association in order to ensure that the
resources are maximized and the middle actions are taken when needed, resource management
plan undertaken by the association is discussed below:
Determine the resources needed for the project
It is the first and the Foremost step of the resource plan managers and leaders of the association
discusses the resource requirement in order to complete the project. This information is collected
from the project and resorts knowledge by analyzing the objectives of the task and comparing
them with the resource skill sets. It is important to remind the total number of resources required
Be it technologies, human resources, finance. It is always important to evaluate the total
resources required for completion of the project. There are certain resource management tools
used by the association in order to determine the right resource management plan (Pucik, Evans
and Björkman, 2017).
In order to determine the resource requirement, it becomes important to gather information about
the project and the objectives, the clear understandings of the task in the goals helps to identify
and a lot right resources in order to complete Determine task. The employers of dissociation also
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take the help from the previous successful task in the objectives that helps to highlight the weak
points and the bottlenecks, in order to Make effective decisions pertaining to the resource
requirement. These resource management tools help to create wireframe of the resource
management plan. Wireframe in resource management helps to identify and name the resources
that further supports to highlight the demand for certain roles and tasks without any requirement
of filling actual names of the resources. These resource management tools help to identify the
resource need in advance so that the employer have a better understanding of the task and
making right decisions for resource allocation. It is important to determine the resource required
and needed for completion of each task. For example, there are certain Task performed by the
association that are Supported by technologies and it includes least involvement of human
resource such as analyzing the performance can be done with performance metric softwares, on
the other hand there are certain tasks such as communicating and engaging with the customers
requires skilled human resource for effective interactions and improving customer experience.
hence, it becomes important to rightly identify the resources required for each and every task to
be performed and add new innovative decisions and ideas for managing the human resource and
non-human resource of the organisation for completion of specific task.
Match the right resources to the right task
Effective resource management is accomplished when the project meets the resource when the
resources are best equipped as per the requirements. The managers and leaders of the association
once identifies the resource required, the second step is to match them with the Specific
requirement. Where in the managers in Employer identifies the total number of human capital,
good budget required, technology needed, the infrastructures, Raw materials for preparing food
and so on into right function. It is important to align right resources at the right time to complete
the project. Effective resource management is when the project needs are aligned with the best
resources at the right time period. For as the raw materials of food ingredients are deployed to
the restaurant section, Technologies are deployed to the operational management units and so on
(Samiei and Habibi, 2020).
Budget the right amount of time for each resource
It is important to start scheduling the right amount of time for each task to be accomplished.
Manages the resource requirement Within a specific time period. It is always important to
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determine the over scheduling or under scheduling of the resources in order to maintain quality
of work and completion of each task are the determined deadlines. Budgeting the time for
different resources also includes analyzing the availability of the resource and avoiding the
situation of under stock all over stock of resources. These includes effectively managing the
resources by meeting the expectations and demand of different set of tasks and objectives for a
specific time period. It is also important to schedule the resources on the basis of projected again.
In order to determine the resource availability, Oak Tree Inn users in bedded software is to
analyse the current Hour availability, tentative allotment and booked us to determine tried
scheduling decisions. Them ploys in the Association evaluates that the resourced don’t over
commits Pertaining to the human resource or nonhuman resources as it would reduce the job
satisfaction and increase risk of turnover with poor work quality and missed deadlines.
Keep a pulse on project progress
It is always important to assess control and monitor the project developments in progress enough
frequent time period. This step involves eliminating or reducing the wastage and identifying any
troubles or challenges for the resource management in order to determine timely corrective
measures. It is important to keep her eye On the performance by comparison of the actual
performance and the standard performance to the resource allocation. This step determines to
highlight any bottlenecks, analyzing the resource capacity, the resource requirement or if any
resource need additional help of coaching (Storey, 2016).
Expect to make adjustments
It is always important to make adjustments or changes in the current task allotted to different
individuals. Adjustments and changes for the task allotted to different human resources in the
organisation helps to deal with challenges, unforeseen difficulties, scope adjustments or slow
approvals. Oak tree in uses different resource management software in order to make
adjustments and determine the actual results of defectiveness of the performance in order to
make informed adjustments or changes on the basis of resource availability and workload. The
employees of the association also keep an eye on the unplanned work or delays in the task
allotted in order to take decisions putting to the distractions or schedule extra time for managing
unplanned work.
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Perform post-project analysis
For completion of each task and targets it is always important to evaluate the project resources
and the schedule to actual resources used. The post project analysis helps to determine
effectiveness of the actual resources used for completion of the task, helps to analyze the grey
areas and ideas for further improvements (Tian and Xu, 2015).
CONCLUSION
In a nutshell this can be concluded that resource planning plays an important role in order
to determine the right requirement of the business in order to accomplish Organizational
objectives. An organisation must rightly plan and manage the resources in order to facilitate
optimum utilization of resources at least cost and maximize resulted output. Human resource is a
greatest asset to the business that manages the overall organizational objectives and functioning.
Other resources include finance, equipment, IT and natural resources. An Organisation needs to
effectively plan Utilization of these resources as per the usage and requirement for completion
organizational objectives. In addition to that businesses must also formulate an overall Plan in
order to ensure resource management further reduce wastage and Implement corrective actions to
identified grey areas. Hence, resource planning and management plays an important role for
business growth and profit maximization.
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REFERENCES
Books and Journals
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