Btec Business Level 3 Unit 13 P1
Employment is vital to any business. Right from the top of the business where managing directors and business owners are employed, right down to the bottom of the chain where people sweep the floors. Every person is vital to an organisation. There are many reasons in which owners employ people; here I shall explain some reasons for doing so.
A reason for a business owner to employ someone could be to do with expansion of the business. If a company is pretty small but is growing very fast and the small amount of employees cannot cope, then the owner may decide to employ more people to share the work load. For example if Tesco was opening a new branch then it would need to employ more people to run the store because its staff numbers would not cope. This is essential to any business because growth is usually the way to maximise profits.
Another reason for employment may be that the company needs some fresh minds to the business. So if a member of staff has been at the business for say 30 years and hasn’t really changed a thing then the market may be “saturated” or at the “declining” stage of its lifecycle. Bringing in new minds may be a very good way of creating new ideas for the business and making more sales …show more content…
It can also be a vacancy that pops up within the business and a person within the business just steps up the ladder and takes the job. So basically it is just someone inside of the business taking up another role within the company it works for. A disadvantage of this is that the company only uses the same people and therefore does not bring in fresh brains to pick. An advantage is that the person who the company employs already knows everything about the company and can take the business forward with their previous
A reason for a business owner to employ someone could be to do with expansion of the business. If a company is pretty small but is growing very fast and the small amount of employees cannot cope, then the owner may decide to employ more people to share the work load. For example if Tesco was opening a new branch then it would need to employ more people to run the store because its staff numbers would not cope. This is essential to any business because growth is usually the way to maximise profits.
Another reason for employment may be that the company needs some fresh minds to the business. So if a member of staff has been at the business for say 30 years and hasn’t really changed a thing then the market may be “saturated” or at the “declining” stage of its lifecycle. Bringing in new minds may be a very good way of creating new ideas for the business and making more sales …show more content…
It can also be a vacancy that pops up within the business and a person within the business just steps up the ladder and takes the job. So basically it is just someone inside of the business taking up another role within the company it works for. A disadvantage of this is that the company only uses the same people and therefore does not bring in fresh brains to pick. An advantage is that the person who the company employs already knows everything about the company and can take the business forward with their previous