Business Management and Recruitment Plan
Business Management and Recruitment Plan
The management team plans to open a bank account specifying the bank and branch. They will decide on the type of account and its purpose, ensuring the business can manage its finances effectively .
Consulting services provide expert advice tailored to the business type, such as educational consultation for schools. Legal services are crucial for drafting contracts, interpreting labor laws, and ensuring compliance with legal standards .
The security of the premises is managed by a security officer, who holds a K.C.S.E qualification and possesses relevant experience .
The organization offers attractive salaries to motivate and retain employees. Incentives include bonuses, commissions, lunch, tea, and overtime allowances, enhancing job satisfaction and performance .
The types of training programs include induction training for newly employed and promoted staff, on-the-job training, and off-the-job training such as workshops and seminars .
Licenses, permits, and by-laws ensure the business operates legally. Licenses like trading licenses permit the start of trading and must be obtained from relevant authorities. Compliance with by-laws is crucial for avoiding legal disputes and maintaining community standards .
The organization promotes personnel based on evaluation/merit, training completion, and attainment of qualifications and experience. This ensures promotions are fair and merit-based, encouraging employee development and retention .
Insurance services protect the business against risks, ensuring long-term viability and financial stability. Considerations include choosing an insurance firm, determining what aspects to insure, and calculating potential costs involved .
The Managing Director is expected to have a master’s degree and CPA (k), along with 15 years’ experience at a managerial level .
The organization plans to recruit its management team using methods such as poaching, advertising, and recruiting agencies. For other personnel, recruitment methods include poaching, recruitment agencies, and word of mouth .