Discussion:
Text: Garey, R. W. (2011). Business literacy survival guide for HR professionals. Alexandria, VA: Society for Human Resource Management.
Macro-Environmental Factors
A key tool utilized by strategic Human Resources professionals is known as a PEST analysis (political, economic, social, and technological). This tool provides a framework to think about over-arching macro-environmental factors. These factors impact the organization, the Human Resources Department/Division, and, ultimately, the employees. This acronym has recently been broadened to PESTLE to include legal and ecological (i.e., climate, weather) considerations. All six macro-environmental factors are clearly interrelated and important.
Consider how easily an organization's strategy can be influenced by a PESTLE analysis.
Analysis of which one or two macro-environmental factors are most likely to impact or challenge the strategies of an organization's Annual Human Resources Operating Plan and why. Be specific in your analysis and bring concrete examples into the Discussion.