Business case study

SAE220 Business and legal studies
Lesson 6

Overview

2

Revision
§ Recap of week 5 and homework 5
§ Business Functions: Human Resources
§ Cash Flow, Profit & Loss, Balance Sheet
§ plans and Projections
§ Sales forecasting
§ Book keeping and account management
§ Calculating staffing costs
§ Homework 6

revision

4

Business Plan – Introduction
§ Exercise 1
§ Seminar presentations
§ Publicity and PR | Gabriel / Wadah
§ Direct Marketing | Jack / Nour
§ Advertising | Sharim / Diana
§ Sponsorship/Cross promotion | Olu / Amal
§ Sales Promotion | Naim
§ Online Promotion | Adam

Revision
§ Operations Plan
§ Planning/components
§ Management Plan
§ Structure/style/motivation/mentoring/leadership
§ Business Functions
§ Human Resources

Human Resources

7

Human Resources
§ What are your current personnel needs?
§ What are your plans for hiring and training personnel?
§ What salaries, benefits, holidays will you offer?
§ Do you have any other reward/incentive schemes for staff
e.g., profit sharing

Human Resources
People
§ A business can’t operate effectively without good staff.
§ In order to determine how many staff you need, you will need to consider:
§ the size of your business,
§ what service level is required, and hours of operation
§ It’s also important to determine:
§ what skills and experience staff require,
§ what training they may need,
§ how will you recruit new or replacement staff, and what roles staff will be required for

Human Resources - entitlements
Employers are obligated to provide all employees with the following entitlements:
§ Salary
§ Minimum Wage or Industry Standards
§ “Holiday” - Annual Leave
§ 22 working days scheme
§ Sick leave / Emergency leave
§ 5 days after one year of employment
§ 8 days per year thereafter (minimum requirements)
§ Worker Compensation (medical insurance)
§ Workers covered against work related injury and

References: § BCM220 folder § http://smallbusiness.chron.com/ § http://www.1000ventures.com/business_guide/ mgmt_diagnostic_kit.html § http://blogs.hbr.org/baldoni/ § http://www.mindtools.com/pages/article/humanmotivation-theory.htm Q&A Go ahead and ask… 52