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What are the 6 major external environmental influences on HR?

User Kevin Lynx
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Final answer:

The 6 major external environmental influences on HR are economic conditions, technological advances, demographic trends, social and cultural factors, legal and regulatory environment, and the competitive landscape.

Step-by-step explanation:

The 6 major external environmental influences on HR (Human Resources) are as follows:

  1. Economic Conditions: Factors such as economic growth, inflation, and unemployment rates can impact HR practices, including hiring, compensation, and training.
  2. Technological Advances: Changes in technology can lead to automation, restructuring of job roles, and the need for new skills in the workforce.
  3. Demographic Trends: Shifting demographics, such as aging populations or changes in workforce diversity, can influence HR strategies for recruitment, retention, and succession planning.
  4. Social and Cultural Factors: Changing societal values, attitudes, and norms can affect HR policies and practices related to diversity and inclusion, work-life balance, and employee well-being.
  5. Legal and Regulatory Environment: Laws and regulations governing employment, such as equal opportunity and labor standards, impact HR policies and procedures.
  6. Competitive Landscape: The actions and strategies of competitors in the industry can influence HR decisions regarding talent acquisition, compensation packages, and employee engagement initiatives.

User Prince Hamza
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