The project assignment provides a forum for analysing and evaluating relevant topics for this week on the basis of the course competencies covered.
It is important to develop and understand numerous environmental business challenges. Therefore, it is important to monitor any number of factors related to HRM.
The following environmental factors economics, politics, and technology can impact your career. Include a discussion for each as to what policies should the HR department develop based on the tasks below:
Analyse the environmental factors.
Critique how the environmental factors might impact your career.
Assess which environmental issue will critically impact business in the future, including why and how this issue changes over time.
Considering the technological environment, evaluate how this has impacted your life as a student and as an employee. Predict how it will impact the working patterns of employees.
To support your work, use your course and text readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.
Present a 2- to 3-page paper in a Microsoft Word document formatted in APA style. Cite any sources using the APA guidelines.
Name your file as SU_HRM 5010_W2_Project_Last Name_First Name.
Influences of Environment on HRM. HRM strategy is determined primarily by the overarching organisational strategy created by its executive leadership. Strategic HR planning may also be influenced by the environment in which it operates. There are environmental factors that shape HRM strategy, so HR managers and planners must continually monitor the environment. Let’s look at an example.
United Airlines is a longtime customer of Boeing Air-plane. Boeing builds great air-planes and United uses them in their business to transport passengers. Two different businesses with two different corporate strategies.
But when Boeing began building the 777 in the early 1990’s, Boeing and United joined to create a unique “Working Together” agreement.
This agreement, new for both organisations, created a new climate for Boeing’s customer relationships. Over the five years of development of the 777, the Working Together pact resulted in over 1,200 design changes of which over 300 were classified as significant re-directions for the 777.
This is an example of how customer involvement can bring success to an organisation. This example underscores how strategic planning is affected by the environment in which Boeing operates and also demonstrates how strategic planners use information about their environments to respond to threats or capitalise upon opportunities.
Trends such as the Working Together agreement will certainly impact an organisation internally and HRM strategists will monitor trends in order to formulate policies and procedures for employee management.
Typically, leadership will monitor their environment by reading publications, maintaining memberships in professional associations, attending conferences or seminars, or hiring professional scanners. A number of methods, such as trend and impact analyses, scenario planning, and the Delphi technique are used to identify future trends.
The environmental factors that are monitored include economic climate and social norms. Stakeholders such as shareholders, unions, customers, and executives contribute strongly to the formulation and implementation of strategy.