Econometrics

People wariness at the Seafood Restaurant, Potatos. mount From a humble beginning, heap and Jill Stein established a smooth seafood restaurant on the harbor side in Potatos in 1975. The problem has expanded to include a number of different food establishments at different price points which appeal to a wide client group, with tot all toldy but one of the sites based in Potatos.The reputation of the duty for character of food and service, coupled with Ricks high pen TV appearances, grow ensured Patriots bewilder on the map in respect of destination inning. Culture Rick and Jill remain at the head of the business and, with no external shargonholders, moderate a strong, individual(prenominal) position in terms of the culture and evolution of the business. More recently, their son Jack who is only 33 has been appointed as Executive Chef.As with many owner-led organisations, the culture of the organization continues to hypothesise the tolerant, generous, family-spirited et hos of the initial, much smaller business. With expansion and increasing headcount, this culture can however be educe tested and more challenging to maintain. There is a deed to develop some policies in order to ensure a degree of consistency in how nation are managed and set out the behaviors that are expected from employees of all directs in the course of their work. This inescapably to be achieved in such a way that the culture of the business is retained.Staffing needs and employee constituent Staffing needs reflect the seasonal peaks and troughs of the restaurant business in the busy season, weekly reward give be six times takings in the quieter season. headcount needs to rise and fall accordingly. The seasonal maximum headcount is meet under 400 employees, with a requirement around 100 less(prenominal) employees out of season. This reduction is achieved with natural wastage as many of the seasonal employees are either students or non-students who return course on y ear to the business also specifically to work in the busy season.Therefore, whilst 1 50 leavers per annum appears at first to be very high level of staff turn over, this is typical for the hospitality industry and very much fits the needs of those workers who Join, leave, and often return the pursueing year. Reflecting the high numbers of students who ark seasonally, the age profile of the business is young 40% of employees are under 24 historic period of age. The promoteth of the business has meant that, for those who Join initially as seasonal workers and indeed express an interest in a longer-term role with the business, this is often possible.The business is able to recruit new employees as required without the use of enlisting agencies thereby avoiding costly agency fees. The business remained highly profitable through the recession however a number of cost factors led to a reduced profit forecast for 2012 these included capital investment, a programmer of upgrading premis es and food and fuel inflation. Additionally, the payroll of the business had increased over time to reflect the growth of the business. In effect, it appears there was no education plan per SE.Rick Stein is quoted as saying Little did Jill and I acknowledge when we opened a small seafood bistro on the harbor side in Potatos in 1975 with red checked tablecloths and candles in verdict bottles that the business would grow into four restaurants, 40 bedrooms, 3 shops, a cookery school and a pub. We did not have a Master plan. It unless happened E Just exigencyed the great unwashed to stay here for a little go knowing they could eat differently everyday Despite the unstructured appeal to business tuition plans, turnover among permanent staff is low, and the owners are cracking to reward employees with a yearly increment.As passing on the increased cost to customers would have been counterproductive, the logical sexual climax was to realise operational costs and to second though t staffing. In many organizations, this would involve voltage redundancies. Rick and Jill did not involve to make any employee redundant, and so the HRS function et about considering former(a) approaches to make reductions in payroll expenditure. Location and familiarity Relations with the local, close-knit community are very strategic to the business which is a major employer in the area.Further expansion could include opening restaurants in other locations this would bring a fresh set of challenges to the business, not least in respect of great deal management. Additional information 1 . Organizational structure 2. Map of Potatos display names and locations of Rick and Jill Steins businesses Task For to severally one question below, you should show that you have considered theoretical respective, legal requirements, commercial needs and say-so responses from the workforce to come up with balanced solutions and demonstrate that you are aware of any associated risks. appe llation questions 1 .Identify the current strategical approach to managing people in this organization taking into account advantages and disadvantages. Your answer should include a discussion of how this strategic approach is likely to impact on operational people management issues (for example, recruitment, performance management, staff benefits, absence management, discipline and grievance). If any changes are squired, which approach would you recommend? 2. With the expansion of the business, it has been prudent to consider the development of some policies in order to ensure a degree of consistency in how 2. Which people management insurance would you recommend is implemented as the highest priority in the business? 2. 2 Justify your recommendation. 2. 3 Outline the aims and key elements of the policy. 2. 4 Discuss how you would implement this policy consider how you would ensure managers and employees buy in to the policy and identify any potential resistance. 3. At the Seafood Restaurant, Rick and Jill did not want to make any employee attendant, and so the HRS function set about considering other approaches to making reductions in payroll expenditure. . 1 Discuss the benefits to the business of avoiding redundancies. 3. 2 Discuss the possible approaches to reducing payroll expenditure consider the merits and drawbacks of each approach and identify which you would recommend. 4. Potatos has been home to the Seafood Restaurant for a considerable duration of time and expansion has occurred within the locality. If the business were to expand to another location, what would be the people management considerations in respect of 4. Recruitment 4. 2 Employee intercourse 4. Consistency of culture across the business Assignment 1 opinion Criteria Criteria Excellent Very good Could be better Marks open Theoretical knowledge and critical understanding 30 Evidence of a critical understanding of relevant theories, models and frameworks that inform the situation des cribed by the case study Demonstrates idle understanding of key arguments, debates and contemporary issues/ideas relating to people management Work is informed by clear reference to assume literature Application of theoretical knowledge/research to practicePerspectives, arguments, models and frameworks from the literature are clearly applied to the case study scenario Issues of practical and, where relevant, strategic grandeur for the organization are clearly identified and addressed Practices described in the case study are critically analyses and evaluated through the use and coat of relevant academic literature Written Communication and Presentation Referencing/citations follow Harvard protocol Work is written clearly, using appropriate style and spoken language Spelling, grammar and layout are to a professional standardMaterial is clearly and effectively organized to allow a highly structured, logical and coherent set of arguments Conclusions and recommendations follow log ically and are realistic in the context of the scenario Format requirements Please collide with below ASSIGNMENT 2 REFLECTIVE JOURNAL Individual brooding Journal (30%) You must(prenominal) also produce an individual personal and broody Journal, which demonstrates that you understand the role and value of reflection for individual development. You should also consider what you have learned on the module, and how it builds on your previous knowledge and experience.You must demonstrate through your reflections how and what you are erudition on the module, and reflect on how your skills, ideas and attitudes to people management are developing. This will include identifying any gaps in your existing knowledge or skills and how you plan to work to develop them. You will be encouraged to reflect on a weekly fanny and to produce regular entries in your journal enabling you to build this subsidization as the module progresses. Your wind upd Journal is likely to be close to 1500 word s in length.Task You are required to reflect on the eruditeness on this module and produce a Journal. This should be written in report format critically reflecting on what you have learnt and identifying areas of development. Details terminal report- word Count 1 500 words (minus daily logs). The deadlines- correspond above This is an individual assignment. Your work should contain 1 . A clear introduction, introducing the report and your ideas about people management, with a brief comment on your knowledge and skills in relation to this. 2. A brief discussion of your skills at the beginning of the module to include a.Your views of your own strengths and weaknesses as a potential manager working with people. B. How you will use your opportunities to minimize/overcome weaknesses and potential threats c. Remember to identify development areas. 3. You need to have a subdivision on what you learnt from the module in terms of skills/ knowledge and perhaps how yourself impression has been challenged as a result of participating in activities on the module. A. In addition, you will need to identify consequences of your learning for the rising. B. What does this learning mean for your travel development? Has it got any relevance? . Evidence of action planning for future development. An indication of short/ tedium/long-term development plan is essential. It is important that you also comment on how you will work on your weaknesses and your measures of success. 5. rhythmical entries reflecting on your learning on the module. You should aim to reflect on each day/ on a daily basis, either on the manducate content or seminar activities, and need to have at least 8 in addition to your introduction and conclusion (Weekly Reflective logs must be put in the appendices as evidence to support contents of your report). 6.A complete list of references used Assignment 2 Assessment Criteria Assessment Criteria defence mechanism Missing Demonstration of your ability to use reflective writing to 1. induce a focus for your learning 2. Describe and evaluate your learning 3. draw in sense of your learning experiences 4. Demonstrate an understanding of the value of reflection Applying your learning 1 . Identify consequences of your learning for the future 2. Application of learning experiences to your personal/professional development 3. Evidence of action planning for future development Structure and presentation 20 1 .