...To: Management From: Chameli Miah Date: 16th October 2015 Reference: How efficient management of human, physical and technological resources can improve the performance of the organisation. Introduction This report is going to explain how efficient management of human, physical and technological resources can improve the performance of the organisation. It will also include examples. Human resources Management of human resource is very important for an organisation, the management should therefore find the right approach to their employees to be able to plan and manage them in a professional manner. Human resource management is important for an organisation because if employees perform efficiently it increase the production and customer service in an organisation. A business can manage its human resources through methods such as: motivation, training and personal development planning. A very important aspect in HR management is employing staff with the right skills and qualifications required for a particular job role and training those staff that doesn’t have the required skill to carry out a particular task. Management of human resources is essential as it commits employees into achieving organisational goals and objectives. HRM functions as the link between the organisation and the employees. Management oh human resource plays a significant role I clarifying the organisation’s problems and providing solutions while making employees work more efficiently. Relating to...
Words: 834 - Pages: 4
...How managing resources can improve the performance of the business Managing costs is a very important aspect of managing financial resources. If expenses are not managed effectively, this can lead to low profits and the business being potentially unable to pay its expenses. Keeping within a budget, increasing income in order to cope with change, making sure that working capital is available and making sure that money set aside for emergencies is all part of the balancing exercise. Human resources Barclays HR team works to ensure that the organisation and people strategies are aligned. They make sure that all of their employees have the opportunity to grow and develop and get the best out of their jobs and careers. Strategic Human resource management is a plan that facilitates the way an organisation is being run. There are different ways in which human resources in Barclays operate but they focus their attention on three main areas of management which are; staffing, employee compensation and defining or designing work. The target of the human resource department is to optimize the effectiveness of its employee in order to maximize productivity and increase profit. The basic mission of human resources is to acquire, develop and retain talent; align the work force with the business; and be an excellent contributor to the business. The human resources department of Barclays must provide executive management with fundamental ideas that will help to not only gain market share...
Words: 813 - Pages: 4
...Sheet | Qualification | Unit number and title | BTEC Level 3 90 Credit Diploma in Business | Unit 2: Business Resources | Learner name | Assessor name | | Sarah Price | Internal Verifier | Date Verified | | | Date issued | Hand in deadline | Submitted on | | | | | | Assignment title | Managing Human, Physical and Technical Resources (LO1&2) | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria reference | To achieve the criteria the evidence must show that the learner is able to: | | Task no. | | Evidence | P1 | Describe the recruitment documentation used in a selected organisation. | | 1 | | | P2 | Describe the main employability, personal and communication skills required when applying for a specific job role. | | 2 | | | P3 | Describe the main physical and technological resources required in the operation of a selected organisation. | | 3 | | | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation | | 2&3 | | | M2 | Assess the importance of employability and personal skills in the recruitment and retention of staff in a selected organisation. | | 2 | | | D1 | Evaluate how managing resources and controlling budget costs can improve the performance of a business. | | 2&3 | | | Learner declaration...
Words: 1293 - Pages: 6
...Sheet | Qualification | Unit number and title | BTEC Level 3 90 Credit Diploma in Business | Unit 2: Business Resources | Learner name | Assessor name | | Sarah Price | Internal Verifier | Date Verified | | | Date issued | Hand in deadline | Submitted on | | | | | | Assignment title | Managing Human, Physical and Technical Resources (LO1&2) | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria reference | To achieve the criteria the evidence must show that the learner is able to: | | Task no. | | Evidence | P1 | Describe the recruitment documentation used in a selected organisation. | | 1 | | | P2 | Describe the main employability, personal and communication skills required when applying for a specific job role. | | 2 | | | P3 | Describe the main physical and technological resources required in the operation of a selected organisation. | | 3 | | | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation | | 2&3 | | | M2 | Assess the importance of employability and personal skills in the recruitment and retention of staff in a selected organisation. | | 2 | | | D1 | Evaluate how managing resources and controlling budget costs can improve the performance of a business. | | 2&3 | | | Learner declaration...
Words: 1293 - Pages: 6
...Assignment brief – QCF BTEC Assignment front sheet Qualification | Unit number and title | BTEC Level 3 Business | Unit 2 - Business Resources | Learner name | Assessor name | | | Date issued | Hand in deadline | Submitted on | w/c 12th January 2015 | w/c 25th January 2015 | | Assignment title | Assignment 3 - Having the Right Resources | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria reference | To achieve the criteria the evidence must show that the learner is able to: | Evidence: | P3 | Describe the main physical and technological resources required in the operation of a selected organisation. | Report | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation. | Report | D1 | Evaluate how managing resources and controlling budget costs can improve the performance of a business. | Report | Learner declaration | I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice. Learner signature: Date: | Assignment brief Qualification | BTEC Level 3 in Business | | Unit number and title | | | Assessor name |...
Words: 2081 - Pages: 9
...Unit 2: Business Resources | Learner name | Assessor name | | Kanayo Isiekwena | Date issued | Hand in deadline | Submitted on | 12th October | 6th November 2015 | | Assignment Title | Assignment 3 – Know the purpose of managing physical and human resources | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria Reference | To achieve the criteria the evidence must show that the learner is able to: | Task No. | Evidence | P3 | Describe the main physical and technological resources required in the operation of a selected organisation | 1 | Report | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation | 1 | Report | D1 | Evaluate how managing resources and controlling budget costs can improve the performance of a business | 2 | Report | Assignment Title | Assignment 3 – Know the purpose of managing physical and human resources | The purpose of this assignment is to know the importance of human, physical, technological resource for a selected organisation. | Scenario: Lambeth Council has asked that you produce a report evaluating of importance of human, physical and technological resource within Lambeth. | Task : Report Produce a report describing the physical and technological...
Words: 385 - Pages: 2
...Unit 2: Unit code: QCF Level 3: Credit value: Business Resources D/502/5409 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to develop learner knowledge of the range of human, physical, technological and financial resources required in an organisation, and how the management of these resources can impact on business performance. Unit introduction At the core of every organisation are the human, physical, technological and financial resources that enable it to function. This unit will give learners a broad understanding of the importance organisations place on managing their resources efficiently in order to achieve their objectives. It is important that learners are able to relate their understanding of resource management to a real organisation. This will provide an essential link between theory and practice. Understanding how these resources are managed is one of the keys to assessing how well the organisation is performing. The first part of this unit explores the range of human, physical and technological resources for a selected organisation. Learners will investigate the importance of managing these resources efficiently. The contribution that recruiting and retaining suitable staff can make to the organisation’s performance is examined. The importance of managing the organisation’s physical and technological resources efficiently is also explored. For an organisation to survive its finances need to be sound and secure. The...
Words: 4156 - Pages: 17
...Evaluate how managing resources and controlling budget costs can improve the performance of a business Unit 2 D1 It is very important for Dominos to manage their resources and control their budgets as the business is very large and has a number of chains in the UK. They also have a very good reputation and are also a highly profitable business. They need to keep track as on their financial progress and situation. As well as this keeping organized and in a formal structure allows the company to run smoothly and without major problems. There are four main types of resources that need to be managed; physical resources, human resources, technological resources, and financial resources. There are many types of physical resources in Dominos stores, and these are mainly the equipment and tools that are used to make the products they sell. Each member of staff should manage the equipment by regularly cleaning the equipment and the managers should be performing regular checks to make sure the equipment is fully functioning, and if not to fix the problem themselves or call in maintenance to fix the problems for them. For example, if a oven is not kept clean then it can have a build-up of dirt, rust, and decay, which would then mean that a replacement is needed. This will cost Dominos money and so by managing their physical resources it will not cost Dominos their profit, and increase the businesses performance. This means that it is important for Dominos employees to have sufficient...
Words: 1632 - Pages: 7
...Introduction P3: Describe the main physical and technological resources required in the operation of a selected organisation This report is going to describe the main physical and technological resources in Tesco plc. Tesco operations in the UK are the largest within the Group, with over 3000 stores and over 310,000 colleagues. Over 65% of Group sales and profits come from the UK business, where they are the market leader. The report describing physical and technological resources in Tesco plc will have different aspects that will be explained and how Tesco plc manages those aspects. Physical resources Description and examples of how these feature in Tesco plc (P3) How management of physical resources can help to improve the performance of the business (M1) Buildings and facilities Tesco plc operations in the UK are the largest within the Group, with over 3000 stores in the uk. Tesco plc has also expanded in different countries such as china with 124, Czech republic with 322, hungry with 213 stores, republic of Ireland with 137 stores, japan with 121 stores, etc. Building and facilities helps resources in a business by having expanding and refurbishment will help improve business appearance, for example Tesco plc said ?We are working ...read more. Middle for example there are insurances such as, customer insurance, employees insurance, vehicles insurance, etc. this suggest that these insurance will cover something?s that happens in Tesco plc?s stores Managing insurances is important...
Words: 630 - Pages: 3
...| Assignment title | Task 2: Assignment 2: The Impact of Non-Financial Resources. | The purpose of this assignment is to: Understand the Impact of Non-Financial Resources on organisations/businesses. | Scenario:The government provides advice and information for businesses through a national service called Business Link. It is thinking of opening a new office in your borough and is looking for office staff to work there. You are very interested and have enquired about these jobs. Along with your application form, you are asked to submit a report about the management of resources in an organisation of your choice, to determine how well you understand the operations of a business. How well you write this report will determine whether or not you are short listed for Interview. In order to prepare the report you are to do the following: | Task 2 APrepare a list of the main physical and technological resources used by the organisation and what they are used for. Explain what each resource you have identified is used by your chosen business. | Task 2 B:Explain how good management of their human, physical and technological resources helps improve the performance of the business. You will have to research into the various ways in which each of these resources are managed and how those methods will help the business to improve their performance. | Task 2 C:Assume that you have been shortlisted for an interview. In preparation for the interview you have been asked to produce...
Words: 382 - Pages: 2
...How Businesses Manage Resources P3, M1, P4 As part of your training, your manager asks you to prepare a presentation into how a local organisation manages its physical and technological resources. This task is designed to cover: P3 Describe the main physical and technological resources required in the operation of a selected organisation M1 Explain how the management of human, physical and technological resources can improve the performance of a selected organisation P4 Describe sources of internal and external finance for a selected business • Prepare a PowerPoint presentation detailing the physical and technological resources involved in the running of your selected business. Your presentation needs to take into account all those resources needed in the day-to-day running of that business. You should have at least one slide for each aspect, together with relevant images and your presentation should be no longer than 10 minutes. (P3) You should continue the PowerPoint presentation and create note slides to assist you in presenting your ideas. Take each group of resources in turn (human, physical and technological) and explain how managing these resources appropriately can lead to improvements in the overall performance of your selected organisation. To get you started, you could consider how managing staff could lead to higher sales levels, increased profits, reduction in costs and lower staff turnover rates. Similarly, how could managing your buildings, equipment...
Words: 299 - Pages: 2
...Diploma in Business Harrow High School Unit 2: Business Resources Grade P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | | | | | | | | | | M1 | M2 | M3 | M4 | D1 | D2 | D3 | D4 | | | | | | | | | Overall Grade P | | M | | D | | Deadlines Date Issued: | Date Due: | Date Submitted: Date | Declarations Student: I declare that the work submitted in this assignment is my own work and any resources used have been acknowledged. I understand that false declaration is a form of malpractice. I understand the requirements of this BTEC Level 3 National Certificate in Applied Science. I have been offered constructive feedback and the opportunity to improve my work. Assessor I declare that I have issued the relevant resource material. I ensured that the student understood the requirements for the completion of this course. The student named above completed the work that is submitted and the work is their own. Student Signature | Assessor Signature | Date | Date | Unit 2 – Business Resources At the core of every organisation are the human, physical, technological and financial resources that enable it to function. This unit will give learners a broad understanding of the importance organisations place on managing their resources efficiently in order to achieve their objectives. It is important that learners are able to relate their understanding of resource management to a real organisation. This will provide an essential...
Words: 1597 - Pages: 7
...M1 – Explain how the management of human, physical and technological resources can impose the performance of Home bargains. Firstly, by managing Human resources efficiently this will allow Home bargains to perform much better as the staff will be motivated, willing to help and this then allows them to provide a high quality customer service. Home Bargains must make sure that some of the workers that are either employed or getting employed have accumulated skills and experience as this then leads to a better service as the worker has the skills needed to provide a good service for the customers. However, if Home Bargains do not manage Human resources efficiently this will lead to worker not working to their best, low productivity and they will provide customer service of a low standard. In addition, if all the staff have the right training and are motivated to work this will be extremely good for Home Bargains as they know the workers can do more than one task as they have versatile skills, Home Bargains know that the customer service will be of a high standard leading to more and more customers willing to do more business with the company as they know that the service which is provided is excellent. Furthermore this then helps Home bargains to have an increase in the income in the business as people are spending more money and this money than can be used to either motivate staff either monetary or non-monetary or spend that money for training more staff so they can be more...
Words: 1347 - Pages: 6
...Edexcel BTEC Level 3 Subsidiary Diploma in Business Unit 2:Start date:Deadline date:Assessment feedback will be provided by:Assessor: | Business Resources | Unit Code:QCF Level 3:Credit Value:Guided Learning hours: | D/502/5409BTEC National1060 | Assignment 1 – ‘Human Resources’Purpose Learning OutcomesAfter completing this unit, you should: * Know how human resources are managed * know the purpose of managing physical and technological resources * Know how to access sources of finance * Be able to interpret financial statements.You are applying for a customer service job at the Tesco store in Ilkley. | Task 1Tesco are currently employing customer service staff for the store in Ilkley. Describe the recruitment documents Tesco should use. * Briefly describe what the recruitment process is. * Describe what a job advert is and how it is used at Tesco. * Describe what a job description is and how it is used at Tesco s. * Describe what a person specification is and how it is used at Tesco * Describe what an application form is and how it is used at Tesco. * Produce a Job description for the customer service job at Tesco * Produce a Person specification for the customer service job at Tesco (This provides evidence for P1) | Task 2You decided to apply for the position of customer service assistant at Tesco in Ilkley and have been short listed to attend an interview for the job vacancy. You take part...
Words: 842 - Pages: 4
...Unit 2: Business Resources Name of assessors: Mr Williams Mr Toher Deadline for completion: Statement of Context: At the core of every organization are the human, physical, technological and financial resources that enable it to function. In this unit you learn the importance organizations place on managing their resources efficiently in order to achieve their objectives. Understanding how these resources are managed is one of the keys to assessing how well an organization is performing. The first part of this unit explores the range of human, physical and technological resources for a selected organization. You will investigate the importance of managing these resources efficiently and the contribution that recruiting and retaining suitable staff can make to the organization’s performance. The importance of managing the physical and technological resources efficiently is also explored. The level of an organization’s performance can be seen in its financial statements and the second part of this unit will develop your knowledge and understanding of them and highlight the need for the monitoring and control of costs and budgets. Scenario 1 You have obtained work experience as an assistant in a Recruitment Agency. One of the Agencies more important clients, ASDA, are wishing to change its recruitment procedures and have asked the agency for some advice. You have been asked to assist ASDA by producing material for The Human Resource department which...
Words: 2266 - Pages: 10
