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the poloitical, economic, social and technological factors could affect the human resource strategies.

political- in terms of govt rules and regulations i.e increase in minimum wages, number of working hours etc.

economical- in terms of the inflation rate, interest rate, labour cost, govt taxation etc. when the interest and inflation rate is high, the labour rate is automatically high.

social- changes in Demographics, change in customer tastes and prefereces, level of education, lifestyle of people etc

technology- increase/ decrease in technological innovations.

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What are human resource planning strategies?

strategies of human resources planning


What internal factors affect human resources?

Internal factors that affect human resources include promoting from within. Human resources should make sure all employees are trained properly so they are ready when promotions are available.


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What strategies should be developed to address spoilage and obsolescence overstocking the warehouse availability of human physical resources and slow-downs in the supply chain?

The strategies that should be developed to address spoilage and obsolescence, overstocking the warehouse, availability of human physical resources, and slow-downs in the supply chain include inventory management standards, marketing methods, and alignment of demand and supply.


What is the characteristics of human resource planning?

HR planning aims at fulfilling corporate strategies and goals through effective utilization of human resources. As such, it is effectively aligned with the business strategies of the organization.It is not a solitary act; rather, it is a process involving a series of related activities carried out on a continuous basis.It not only meets the short-term HR requirements of an organization but also determines its long-term strategies and future directions from the HR perspective.It is a logical and efficient decision-making activity involving systematic analysis of data gathered in a scientific manner. Thus, it is neither a haphazard nor an ad hoc activity.

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