To determine:
The external environmental factors that directly affect the Human Resource Management process.
Introduction:
The Human Resource Management of the organization deals with the handling of the staff of the organization such that they perform in a competent manner and can benefit their and the organization’s growth in a sustainable manner.
Explanation of Solution
Given below are the four external factors that directly affect the Human Resource Management:
• Government regulations:
The workplace compliance policies and standards set up by the government are to be adhered to by the organizations in a spirited manner. Thus, the Human Resource Department of the organization is vested with the responsibility to ensure that the aspects such as compensation, hiring, training, termination etc. are best dealt with the safeguards established by the stature of law.
• Economic Conditions:
The economic status of any country directly affects the process of Human Resource Management in an organization. The viable economic situation of the country shapes the economic success of any organization. Further, it leads to the creation of an effective and efficient workforce for the organization when the countries make consistent efforts in the direction of human resource management at large.
• Technological Advancements
The influence of technology considerably impacts and influences the manner in which the Human Resource Department of any organization functions. The introduction of new technology and means can render the scope for the organization to derive its strategies in a favorable manner as it increases the effectiveness and the efficiency of the organization.
• Workforce Demographics
The workforce demographics of the organization is directly related to the workforce demography of any country. If the population of the country is young and vibrant, the organizations can engage the young workforce in order to pertain favorable results. Similarly, an organization finds itself in an unfavorable situation if the demography of the country is old.
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