ENTREPRENEURSHIP

Detailed explanation-1: -These external factors can be broadly categorized as the social and cultural, technological, economic, political, and legal environments. While these external influences are often outside the control of HRM, they often require action from HRM to address their effects on the organization and its goals.

Detailed explanation-2: -The key internal factors affecting human resource planning are the recruitment needs of various departments. One of the factors affecting HRP is the need to fill vacant positions. Recruitment is a process that identifies and invites applicants to apply for vacant positions.

Detailed explanation-3: -External factors affecting human resource management are economic, socio-cultural, technological, political-legal, and professional association. These factors have different types of influences on human resource management.

Detailed explanation-4: -Economic conditions. Social trends. Technology. Globalization. Legal and political environment. Demographics. 19-Dec-2022

Detailed explanation-5: -political-For example, new legislation. economic-For example, inflation and unemployment. social-Changes in taste and fashion or the increase in spending power of one group, for example, older people. technological-For example, being able to sell goods online or using automation in factories. More items