Unit 2 Business Resources Assignment with Greggs plc (GC0935)
Table of Contents
Assignment 1: Recruiting and retaining the right People
Introduction.
Task 1.
1.1 Brief discussion of the chosen business.
1.2 What are human resources?.
1.3 Why is managing human resources important?
Task 2: A current vacancy for Greggs.
2.1 Job Description.
2.2 Job Specification.
2.3 Application Form.
2.4 Importance of employability and personal skills.
Employability skills.
Personal skills.
Assignment 2: The Impact of Non-Financial Resources.
Introduction.
Task 1 Greggs physical resources.
Task 2: How physical resources improve the business performance of Greggs plc.
Task 3: Technological Resources.
Task 4: How technological resources improve the business performance of Greggs plc.
Task 5: How to manage resources can improve business performance.
Assignment 3: The Role of Financial Resources.
Task 1: Internal and external resources available for Scrumptious cupcakes ltd.
Task 2: Breakeven point and chart for Scrumptious.
Calculation of breakeven point for Scrumptious.
Breakeven chart.
Re-calculate the breakeven point.
Task 3: Business budget and its importance and analysis of Heather and Annabel’s budget.
Budget and its importance.
Problems identified through budget information and possible solutions.
Task Four: Why budget should be controlled properly.
Assignment 4: Income Statement, Balance Sheets, and Ratios.
Task 1: Purpose of Income Statement.
Task 2: Purpose of Balance Sheets.
Task 3: Use of ratios to analyze the current financial situation of Heather and Annabel
Profitability Ratios.
Liquidity ratios.
Efficiency ratios.
Debtor’s Collection Periods.
Gearing ratio.
Task 4: Overall conclusion and recommendation for scrumptious.
Task 5: Evaluating the use of ratios.
Use of ratios.
Importance of ratios.
Limitations of Financial Ratios.
References.
Assignment 1: Recruiting and retaining the right People
Introduction
In this coursework, I have been informed by a human resource professional called Justine Morris to complete some tasks on recruiting and training the right people in workplaces. In the first section of this paper, a brief discussion on a chosen company, called Greggs plc, has been given. In the second section of this essay, documents regarding a vacancy have been outlined including job description, job specification, and application form.
Task 1
1.1 Brief discussion of the chosen business
Greggs plc is the chosen business to complete the tasks given in this coursework. Greggs is a leading and very popular food chain company in the UK. It has more than 2500 shops across the UK. It is also operating in international marketplaces including the EU, China, and India. It serves millions of customers every week. It has about 2200 dedicated and devoted workforces. The key products of Greggs plc are sandwiches, sweets, bread, teas and coffees, and soft drinks. Greggs can be found everywhere in the UK including high streets, shopping malls. near the tubes, buses, and train stations, motorway, near the visiting spots, famous parks, universities, and busy locations (Greggs Annual Report, 2015).
1.2 What are human resources?
Human resources refer to the activities which are related to human functions in organizations. Human resources are linked with selecting and recruiting people, training, and developing people to make them valuable for the businesses. Human resources include doing job analysis, planning staff needs and expectations, hiring the right people at the right time, managing wages and salaries, providing incentives, rewards, and performance appraisals (Mullins, 2014). Greggs plc is focusing on all of these human resources in its business operations (Greggs Annual Report, 2015).
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1.3 Why is managing human resources important?
Effective management of human resources impact on business performance  Greggs plc in different ways:
Business productivity: When the human resources are managed effectively and efficiently in Greggs plc, it improve the staff’s performance in workplaces, which improves the business productivity of Greggs plc (Greggs Annual Report, 2015).
Workers management: Greggs has both part-time and full-time staff. Human resources management maintains and controls their time schedule, salaries or wages, absents and sickness, conflicts, etc (Greggs Annual Report, 2015).
Teams: Building effective teams in the workplace of Greggs is important. Human resources management in Greggs plc provides effective training and development programs, which improve team performance, ultimately the business performance of Greggs plc(Greggs Annual Report, 2015).
Incentives: A good human management plan for several incentives, rewards, and performance appraisals for the employees (Mullins, 2014). These incentives and rewards motivate the workforces in workplaces and improve the business performance of Greggs plc (Greggs Annual Report, 2015)………………………….
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