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What are some Economic and Governmental Factors that impact HR planning?

A. Industry competition
B. Organizational culture
C. Employee turnover
D. Economic policies and regulations

User Wit
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1 Answer

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Final answer:

Industry competition, economic policies and regulations, and employee turnover are some economic and governmental factors that impact HR planning.

Step-by-step explanation:

Several economic and governmental factors impact HR planning. One factor is industry competition, as a highly competitive industry may require more strategic HR planning to attract and retain top talent. Another factor is economic policies and regulations. For example, government regulations can impact businesses' ability to hire and expand by imposing bureaucratic red tape, requiring permits and fees, or restricting product sales. Lastly, employee turnover can also affect HR planning, as high turnover rates may require additional recruitment and training efforts.

User Joshrl
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