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M1 Unit 2 Business Resources

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Unit 2 Business Resource Assignment 1

• Recruitment and Retention of Staff (Skills)

1) Why recruiting and retaining staff is important, as it is a main resource of the business.

2) Why it is important that staff have the correct skills when being chosen for a job.

3) The meaning of a contract of employment and a job description.

➢ Those companies that are aware that one of its great strengths is the human resources as their disposal, they know that they need to implement a strategy for the section process, and later staff development, are guaranteed. Poor performance in the area of human resources can be very expensive, according to Hays, failed contract can cost up to twice the annual salary of head. This is due to the costs of starting the recruitment process including investigation, interview, employ and train. So this process is very important and the employees are the most important factor in whether a business is successful or a …show more content…

Retention is the continued possession, use, or control of something and staff turnover is the number or percentage of workers who leave an organization and are replaced by new employees. Employee retention refers to the ability of an organization to retain its employees and employee turnover is a symptom of deeper issues that have not been resolved, which may include low employee morale, absence of a clear career path, lack of appreciation, poor employee-manager relationships or many other issues. Too much turnover negatively affects staff stability.

➢ Skills are qualifications and, if people are not qualified for a job, they will not be able to perform

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