• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Human Resource Management in a business is extremely important. Good Human Resource Management can help make a successful business as it can help keep the employees happy and satisfied.

Extracts from this document...

Introduction

Introduction Human Resource Management in a business is extremely important. Good Human Resource Management can help make a successful business as it can help keep the employees happy and satisfied. In the leisure and recreation industry high quality human resource management is vital as the service delivered by the organisations are on a "person to person" basis. S o the business is going to need the right people with the right skills and attitude, and also need the right managers to motivate and train staff to do well in their jobs. Human Resource Management basically means the organisation of people in a company, and can also be defined by the tasks, which managers undertake in the area, such as recruitment, training and communication with the workforce and dealing with any problems that may arise with the employees. The key qualities that the employees should have are that they should be well enough trained and confident enough to communicate with customers. Most large companies organise their staff into teams or separate departments, with a head or manager of section in charge. In large organisations the role of the manager is to be largely responsible for the deployment and development of employees, a duty that can represent a substantial challenge and needs its own type of training. The manager needs to be trained in appraising staff, motivating individuals or teams in applying employment legislation correctly. ...read more.

Middle

Monetary Policy can be used to: * Expand the economy by allowing more money to circulate and increase spending. * Control spending and restricts increases in money flowing around the economy which may lead to price rises. The government has used a variety of methods in the past to control the money supply. One is by changing the Interest Rates. Interest Rates is the rate of which businesses and people have to pay back money on loans and on there credit cards. The Monetary Policy meet to determine how much money they want circulating in the UK economy so that it can affect the money supply and inflation. An increase in Interest Rates can reduce the money supply. If interest rates increases, the rate of borrowing rises. That can affect leisure organisations such as ECC a great deal because if we want to expand and develop more restaurants in the UK then that would cost us more money to take out a loan, as the banks would charge us more interest. So then we may have to up our prices and pass on the increase of interest to our customers, which would then decrease the demand of our products, and may go to competitors such as McDonalds or Burger King. The level of inflation is when prices are rising (the rate of inflation) this also has an effect on consumer spending tending to slow down due to the high prices. ...read more.

Conclusion

Environmental Here at ECC we make sure there are no reasons why we as a company aren't being environmentally friendly and then we aren't subject to pressure groups demonstrating against the business, which then would lead to a loss of profit, as demand would decrease because of protestors against us. There are also internal factors that can affect businesses HRP. Structure and Ownership can lead to good and bad HRP. ECC being a large hierarchical organisation has many staff on many levels need a carefully researched human resource plan, which we have to avoid poor communication between restaurants. We make sure each manager of each restaurant across the world takes into account there employees opinions to make our company better as they are the experts in their job. That is all to increase the profits of the business and make it more efficient. The Size and Location can also affect a company and its HRP. We deliver one type of service, so all staff everywhere can be trained to the same standard across the organisation so we achieve the same results and provide the same great service. The location of the business can also be key, because if it is located in the countryside instead of the town centre where we locate our restaurants then we wouldn't appeal to such a wide market and then not get as much profit, which would lead to less money being put towards our employees who are vital. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE People in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE People in Business essays

  1. Marked by a teacher

    McDonald's. What are the Management functions at McDonald's?

    5 star(s)

    It is a 'We need to find out what everyone thinks' approach. Although the style can work well with a small, highly motivated team, it can fail when the group cannot make a decision and needs real guidance and direction.

  2. Classify the business according to its ownership - McDonalds

    And this is what production department is responsible for. In order to deliver on this, the company has made commitments: to food safety, food quality and to nutrition. Company systems and procedures must be continuously updated to ensure the highest standards of hygiene and safety.

  1. Importance of business mathematics in management.

    IMPORTANCE OF BUSINESS MATHEMATICS IN MANAGEMENT: Organizational resources would be complete without the mention of management skills, perhaps the primary determinant of how effective and efficient managers will be. According to a classic article by Robert L. Katz; managerial success depends primarily on performance rather than on personality traits.

  2. The purpose of the coursework is to produce an analytical report on how a ...

    * Age, Skills and Training The information of the age structure of the workforce is normally analysed by different categories of employees. In 2002: * 61.77% of employees were aged 16 to 20 * 27.08% were aged between 21 and 29 * 11.15% were aged 30 and over The majority of the workforce are young, usually students.

  1. Report: Type of ownership of J-Sainsbury

    I say this because without the business making profit the business cannot keep its shareholders happy, it cannot pay higher wages to its employees and it cannot invest in better technology to improve its product and keep up with other competitors.

  2. to what extent is it important fora business to have a human resource manager

    Therefore the HR manager will not only plan recruitment requirement but also will adopt the appropriate techniques to attract best candidates and choose the right one through several test available like IQ test, emotional test and among others. HR manager is responsible for the motivation of the workforce.

  1. How does the production department help a typical manufacturing or serivce business to meets ...

    carried within the Marketing department Job title Job role Marketing director Responsible for the overall marketing function and its aims and objectives Sales director Responsible for the sales function Sales manager Responsible for the sales staff and the achievement of sales targets, often within the UK Export manager Responsible for

  2. What is the purpose of management theory? Explain how knowledge to understanding of management ...

    high degree of confidence in its workers in order for this type of participative management to work. While this theory assumes that workers will be participating in the decisions of the company to a great degree, apart from it the employees must be very knowledgeable about the various issues of

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work