P1 Internal And External Factors Report
P1 Describe the internal and external factors to consider when planning the human resource requirements of an organization
Internal and external factors of Harrods
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Internal factors
External factors
Cost of labour
The cost of labour is a percentage of the other cost within a company. The cost of labour depends on whether an organisational is labour or capital intensive, as well as the dimension to which the skills needed by that business are available and accessible. Labour costs are associated with international labour, in terms of wage levels and training. However, the levels of labour needed for a company to operate also has consequences.
The minimum wage means that employers must pay their employees a certain amount of money per hour. They must not pay less. Human resource pkanning includes allowances for increases to the minimum wage, which happens once in a while.
Government policy
Government policy impacts on the external factors influencing human resource planning. The introduction of policies for work, education and training has consequences for the number of potential workers available, as well as their ability and skills levels when finish education. With the Education and Skills Act 2008 instituted some changes to the way that students between 14-19 years old are educated. However, Democrat coalition government came into power in 2010 which leaded to a number of Labour’s education rearrange plans were either abandoned or changed. Government work with leading employers and universities to determine skills gaps and areas for improvements on the workplace, change in focus on education as a result of changes in legislature can have an impact on the long-term availability of skills.
Introduction
Internal
Organisational needs:
An internal factor could be organisational needs. If an organisation changes, then the need for employees will increase or decrease. For example, the
Internal and external factors of Harrods
GEBRUIK ARTIKELEN OP FRONTER.COM (ZIE UNIT 16 -> ASSIGNMENT)
Internal factors
External factors
Cost of labour
The cost of labour is a percentage of the other cost within a company. The cost of labour depends on whether an organisational is labour or capital intensive, as well as the dimension to which the skills needed by that business are available and accessible. Labour costs are associated with international labour, in terms of wage levels and training. However, the levels of labour needed for a company to operate also has consequences.
The minimum wage means that employers must pay their employees a certain amount of money per hour. They must not pay less. Human resource pkanning includes allowances for increases to the minimum wage, which happens once in a while.
Government policy
Government policy impacts on the external factors influencing human resource planning. The introduction of policies for work, education and training has consequences for the number of potential workers available, as well as their ability and skills levels when finish education. With the Education and Skills Act 2008 instituted some changes to the way that students between 14-19 years old are educated. However, Democrat coalition government came into power in 2010 which leaded to a number of Labour’s education rearrange plans were either abandoned or changed. Government work with leading employers and universities to determine skills gaps and areas for improvements on the workplace, change in focus on education as a result of changes in legislature can have an impact on the long-term availability of skills.
Introduction
Internal
Organisational needs:
An internal factor could be organisational needs. If an organisation changes, then the need for employees will increase or decrease. For example, the