Final answer:
Some geographic/competitive factors that impact HR planning include workforce demographics, technological advancements, and labor market conditions.
Step-by-step explanation:
Some geographic/competitive factors that impact HR planning include:
- Workforce demographics: The characteristics and composition of the workforce, such as age, gender, education level, and cultural diversity, can have an impact on HR planning. For example, if there is a high proportion of older workers nearing retirement age, HR may need to plan for succession and knowledge transfer.
- Technological advancements: Advancements in technology can affect HR planning by requiring new skills and competencies. HR may need to identify training and development opportunities or adjust recruitment strategies to attract candidates with the necessary technological skills.
- Labor market conditions: The state of the labor market, including factors such as labor shortages or economic downturns, can influence HR planning. For example, in a tight labor market, HR may need to focus on employee retention and engagement strategies to compete for talent.
It's important for HR to consider these factors in order to align their planning with the realities of the geographic and competitive environment in which the organization operates.