My Big Fat Revision

Explain the general purpose of legislation from the point of view of a business (4 marks) The purpose of legislation from the point of view of the business helps protect businesses with weaker bargaining power, and also ensures competition is fair, employees are treated fairly, that due attention is paid to the environment, that consumers are considered and that health and safety regulations are met. Legislation essentially instructs how a business environment is ran – in an orderly fashion. Explain two advantages to a business of legislation related to competition (6 marks) One advantage to a business of legislation related to competition is anti-competitive agreements. Law is put in place to prevent, restrict or distort competition. This prevents the agreement of the fixture of selling prices, agreements that limit production, investment, development and agreements that apply different conditions to similar businesses. In this case, legislation is beneficial as it allows for an even ...

Recruitment Recruitment is identifying the need for new employees, attracting the ‘best’ candidates for the job and then selecting the most suitable candidate in order to meet the staffing requirements of an organisation. Human resource planning Needs to be determined by the use of human resource planning techniques. Many organisations decide to fill vacancies without really considering if there are alternatives to recruitment. Good human management will consider alternatives; redeployment, increased overtime, temporary workers, new technology and outsourcing. Person specifications This provides the details of the ideal candidate by listing the desirable characteristics of that person. It is used to identify the criteria that should be used in short-listing and then in selecting the best candidate from those who apply for the position. Specifications should include: Skills, aptitude, knowledge and experience Qualifications Personal qualities relevant to the job e.g. work as part of a t...