18 Questions
What is the main purpose of a SWOT analysis in the context of HR?
To identify internal strengths and weaknesses, and external opportunities and threats
What is a major factor that prompts HR professionals to become familiar with employment legislation in other countries?
Globalization
What is an example of an internal strength in the context of HR strategy?
Executive leadership who support and promote HR strategic development
How is the modern workplace changing?
More part-time, contract/temporary/standby work
What is a concern raised by the adoption of new technologies in the workplace?
Right to privacy
Which of the following is an external factor that can impact HR strategy?
A competitor gaining an edge in the market share
What is a topic of increasing importance in the context of environmental concerns and HR?
Sustainability
What is a significant challenge for HR professionals in managing an international workforce?
Complying with employment legislation in other countries
What is driving corporations to seek cheap skilled labor abroad?
Globalization
What is the purpose of analyzing an organization's mission and goals in the context of HR strategy?
To develop an effective HR strategy that aligns with the organization's mission and goals
What is an external influence that affects employment decisions?
All of the above
What is the primary goal of Strategic Human Resource Management?
To drive performance and achieve organizational strategic goals
What is an example of a threat in the context of SWOT analysis?
A competitor gaining an edge in the market share
What is the first step in the Strategic Management Process?
Analyze the Environment (External Influences)
What is the term for the ongoing planning, monitoring, analysis, and assessment of an organization's necessities to meet its goals and objectives?
Strategic Management
What is the purpose of conducting a PESTLE analysis in Strategic Human Resource Management?
To analyze the external environment and its impact on HR functions
What is the result of effective Strategic Human Resource Management?
Achievement of organizational strategic goals
What is the term for the process of deciding on organizational strategies and implementing them?
Strategy Formulation
Study Notes
External Influences on HR Functions
- Businesses operate globally, leading to increased international competition and the need for HR professionals to be familiar with employment legislation in other countries.
- Globalization has created a one-world economy, driving corporations to seek cheap, skilled labor worldwide.
- Economic conditions such as employment levels, productivity levels, and growth of various sectors (agriculture, oil and gas, manufacturing, and service) affect HR functions.
- Fluctuations in oil prices and currency rates also impact HR decisions.
Social and Labour Market Issues
- The workforce is becoming increasingly diverse, with different nationalities, women, people with disabilities, and generational differences.
- The changing workforce demographics require HR professionals to adapt to new challenges and opportunities.
- Education levels vary across the workforce, and family expectations and responsibilities are influencing employment decisions.
- The cost of living is a significant factor in employment decisions.
Technology
- New technologies like Twitter, Facebook, and videoconferencing are changing the way HR functions operate.
- Concerns over information control, accuracy, privacy, and ethics are emerging in the use of technology.
- Monitoring of employee communication and behavior raises ethical and practical questions.
Legal
- HR policies and practices must comply with new and changing laws covering human rights, employment standards, occupational health and safety, and workers' compensation.
- Adherence to legal requirements is essential for HR functions.
Environmental Concerns
- Sustainability, climate change, global warming, pollution, and carbon footprints are increasingly important topics for HR professionals.
- The extinction of wildlife species is a concern that requires HR attention.
Strategic Human Resource Management
- Strategic management involves ongoing planning, monitoring, analysis, and assessment of organizational necessities to meet goals and objectives.
- Strategic Human Resource Management (HRM) focuses on managing people to drive performance and achieve organizational goals.
- HRM implements policies, practices, and systems that influence employee behavior, attitudes, and performance.
Strategic Management Process
- The strategic management process involves six steps:
- Analyzing the environment (external)
- Analyzing the organization's mission and goals
- Analyzing the organization's strengths and weaknesses (internal)
- Analyzing three common organizational strategies
- Choosing and implementing HR strategies consistent with overall organizational strategies
- Reviewing and evaluating HR strategies
Test your knowledge of business policies and practices that adhere to laws on human rights, employment, and environmental concerns, including sustainability, climate change, and pollution.
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