Professional Documents
Culture Documents
TIMELINE
Strategic planning cycle typically
covers a 3 to 5-year time frame
Some firms conduct long-term
planning that can cover 10 years or
more
FORCES
Management often considers both
internal and external forces that HR MANAGEMENT CHALLENGES
affect company Often driven by competitive factors
MISSION that exists in an industry
Guiding force behind strategic Require a response of positive
planning process practices to remain competitive
Core reason for existence of the SOME OF THE CHALLENGES
organization COSTS
ANALYSIS - Overriding theme facing
Analysis of strength, weaknesses, managers and organizations is
opportunities, and threats (SWOT) is the need to operate in a “cost-
common starting point less” mode
- Cost-less mode – continually
It allows managers to consider both
looking for ways to reduce cost
internal and external conditions that
of all types
the business faces
SKILLS
STRATEGY
- Various regions and industries
Managers determine the objectives
face significant workforce
for the planning cycle and formulate
shortages because of an
inadequate supply of workers w/ - Customers
skills
GLOBALIZATIONAL
- Shifted from trade and
investment to the integration of
global operations, management,
and strategic alliances
- Significantly affected how
human resource are managed
DIVERSITY
- Racial and ethnic minorities for a
growing percentage of the overall
labor force
GENDER
- Women constitute about 50% of
the US workforce but they may
be a majority in certain
occupations
AGE
- Population is aging, resulting in
an older workforce
- Significant number of experience
employees will be retiring in the
near future, changing to part-time
work, or shifting their
employment
TECHNOLOGY
- Increased use of technologies in
the workplace impacting the way
HR activities and managerial
functions are performed
FACTORS AFFECTING HRM
EXTERNAL FACTORS
- State of the company
- Labor market
- Political and legal
- Technological developments
- Socio-cultural factors
INTERNAL FACTORS
- Shareholders
- Organization’s objectives
- Organization’s culture
- Organization’s size
- Management style
- Type of employees
- Strength of unions