As the nature and type of work changes within an organisation, so do the skills requirements. An organisation must measure the skills levels of its workforce in order to plan for the future - appraisals, awards, certificates etc Workforce profiles - This means that a manager can view and monitor the types of employee working for the business. They usually include details such as age, gender, ethnicity and availability. Knowing ages can help you plan for the future and also ensures that you fulfill any legislation requirements. Large gaps in ages can cause problems so this allows you to combat this.
QUESTION 2 Doomy Corporation needs the same careful handling of its expenditures. Like all businesses, no matter what type or size, need to properly develop a plan for their expected cash intake and spending. This plan reflect the financial situation of the business, identify the quantity, amount and timing of the various resources needed, and it can be prepared quarterly or annually. It is important: For the corporation to properly prepare its cash budget to show how cash flows in and out of the business. Also, it may then be used in planning short-term credit needs, communicating, controlling and coordinating various activities, motivating and evaluating employee’s performance.
I will then explain the delegation process as well as two benefits and two barriers to achieving effective delegation. I will also evaluate two leadership models adopted by the Office Manager and determine their effectiveness in relation to employee motivation, operational goals, and organisational efficiency. Procedure Findings Levels of decision making Strategic Strategic decisions are long term, outward focused decisions that are made at high levels in an organisation. They are long-term overall objectives of the Classic Interiors. These decisions are non-routine high cost and highly unstructured decisions which are likely to be taken after significant planning or research has been done and tends to relate to the activities of the organisation for several years ahead.
a) What are the consequences of telling the president of your gross miscalculation? In order to determine the sales and income projection, it is useful to forecast the budget based on prior performance of the company. The business performance of the current year will shows how the company is actually performed and this is a good indication to expect the company will perform better in future. As to obtain an accurate sales projection, we collected all the information from the company because each area of business operation might have a separate budget. For example, Fernetti Conductor has a specific budget for advertising, purchasing, sales production and cash budget.
BTEC Unit 4: Business Communication Qualification: P5 + P6 Completion date: November, 2013 Table of contents Page 1. Introduction 3 1.1 Assignment 3 1.2 Company profile 3 2. Laws to protect the use of business information 4 2.1 Data Protection Act 1998 4 2.2 Freedom of information Act 2000 4 2.3 Computer Misuse Act 1990 4 3. Ethical issues 5 3.1 Use of email 5 3.2 Internet 5 3.3 Whistle-blowing 5 3.4 Organisational policies 5 3.5 Information ownership 5 4. Operational issues 6 4.1 Security of information 6 4.2 Backups 6 4.3 Health and safety 6 4.4 Organisational policies 6 4.5 Business continuation plans 6 4.6 Cost 6 4.7 Increasing sophistication 6 5.
Give it to employees on a weekly basis so that they can see how their performance measures and what needs to be corrected; also awarding them for good work would increase leadership visibility. Comparing performance Lei needs to compare performance against the standards and determining deviations. She should compare the work accomplished against the expected work. She should also make it a point to compare the customer complaints to see if there are any deviations occurring now that did not happen before. Corrective Action By implementing the bureaucratic control system, Lei can now take the final step to ensure that operations are adjusted to achieve results, or if significant variances are discovered then Lei can take immediate and vigorous
Workforce Planning at Cameco 3. Discuss the major internal and external influences that are likely to require Cameco to review its workforce plans constantly to ensure it can meet its objectives. A workforce plan is a strategy set out by the business that forecasts the amount and type of employees that the company will need to employ to maintain or increase productivity. Internal A key internal influence is the type of employees that the company needs, Cameco review highly skilled workers in order to be able to offer a good service. If the company has low skilled employees than they will not be making the most out of their assets because there will be more wastage in production, this can result in an increase in the amount being able to provide to the public.
ISO standards require organizations to have documented policies and procedures in place for every step on the process. Documentation includes training and development records for everyone on a yearly basis. Increasing productivity in finance includes implementing a cohesive software package and operating system. Currently, the financial statement process is mostly manual and delaying the financial information by 15 – 20 days. These delays may it difficult to comply with Sarbanes-Oxley (SOX) regulations.
BSBCUS501C Activity 4 1. Set Goals - break larger goals into small achievable, measurable steps List the goals of the department/ organisation with measureable KPIs against each goal to enable measurement of these monthly/ Quarterly/ annually 2. Clarify actions team members need to take Each team member needs to be aware of the part they play in the process – and how their work impacts on the achievement of the goals 3. Define and clarify customer service goals, objectives and standards Ensure staff are aware of the KPIs and how they will be measured so they are able to manage their work 4. Define targets Develop a set of KPIs for each goal 5.
The best way to watch how the organization operates is to study all existing reports and evaluate them against other reports from previous months or years of the business. By studying these reports, managers can determine the area where they need to focus the most attention on to make it more effective. The purpose of organizing and directing is to ensure effective resource use and provide daily supervision. Organizing and directing is recognized as a separate part of financial management, mostly because it takes more time for managers to perform these duties. The financial manager is the person who decides how to use the resources of the organization to most effectively carry out the plans that have been established.