HR and Finance

Description

Bus Man Mind Map on HR and Finance, created by Callum McCadden on 10/04/2014.
Callum McCadden
Mind Map by Callum McCadden, updated more than 1 year ago
Callum McCadden
Created by Callum McCadden almost 10 years ago
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Resource summary

HR and Finance
  1. Human Resources
    1. Identify a job vacancy
      1. Ensuring a vacancy does exist
        1. Job analysis
          1. Vacancy looked in detail. Tasks, duties and responsibilities identified
            1. Job description
              1. Contains information regarding: Tasks, duties, responsibilities, pay, working hours, holiday entitlement and any other benefits
                1. Person Specification
                  1. Skills, qualities, qualifications and experience the business wants. Essential/ Desirable
                    1. Advertise the job
                      1. Internally or externally
                        1. Send out applications
                          1. Can be CV or application form or both.
                2. Best applicants are short listed:
                  1. References are inquired into
                    1. Interview given
                      1. May even have a test
                      2. Training
                        1. Induction
                          1. On the job
                            1. Off the job
                            2. Motivation
                              1. Overtime
                                1. Bonus
                                  1. Commission
                                    1. Offering flexible working practices
                                      1. Offering training oppurtunities
                                        1. Team exercises
                                        2. Working practices
                                          1. Part time
                                            1. Temporary contracts
                                              1. Homeworking
                                                1. Flexitime
                                                  1. Job share
                                                    1. Condensed hours
                                                    2. Industrial action
                                                      1. Strike
                                                        1. Work to rule
                                                          1. Sit in
                                                            1. Go slow
                                                              1. Overtime ban
                                                                1. Boycott
                                                                  1. Demonstration
                                                                  2. Legislation
                                                                    1. Equality Act
                                                                      1. National Minimum Wage Act
                                                                        1. Health and Safety at work Act
                                                                          1. Data protection act
                                                                        2. Finance
                                                                          1. Sources of Finance
                                                                            1. Bank Loan
                                                                              1. Family and Friends
                                                                                1. Government grants
                                                                                  1. Bank Overdraft
                                                                                    1. Hire/ Purchase
                                                                                      1. Mortgage
                                                                                      2. Break even
                                                                                        1. When Total Costs (TC) = Total Revenue(TR)
                                                                                        2. Technology is sued to calculate financial infromation. E.G Microsoft Excel
                                                                                          1. Record cost information and calculate break even
                                                                                            1. Prepare cash budgets
                                                                                              1. Calculate Profit
                                                                                                1. Create graphs sowing income and expenditure
                                                                                                  1. Prepare information that can be exported into other office environments
                                                                                                  2. Cash budgeting
                                                                                                    1. A Cash budget helps improve cash flow by detailing where the money goes
                                                                                                    2. Profit statements
                                                                                                      1. Gross profit: the profit from buying and selling
                                                                                                        1. Net profit: the profit after adding other income and subtracting expenses
                                                                                                          1. Statement calculating gross profit minus expenses to make net profit
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