What Are The Pestle Analysis Of Pestel

Lastly, the PESTEL is a tool analysis that helps a business forecast the trend and analyze overall image of the company in the future. It based on external factors as political, economic, social, technology, environmental and legal. If a hostel never knows how this tool works, the hostel could face up with economic effects, political instabilities or any external risks which change through time. It means the business will not recognize the change of external factors; it is a kind of risk as well.
To conclude, there are risks in term of business which these come from various channel. However, there are tools analysis that could help the business eliminate and insist on. But they have to choose the right and suitable, finally they will survive.
If you are considering using unpaid interns or work exchange staff, check with a lawyer to see whether it is legal in your country. "Work exchange for rent" also may be illegal in some places because the Government wants taxes to be paid. Check with a lawyer to find out your local laws. Sometimes you should be careful about accepting migrant domestic workers, as it is illegal. In some case, there is a risk that the employees may steal your assets. Some employees may also get abused by the guests, get hurt or accident while working, so consequently you should hire the employees wisely and give them insurance. Moreover, recruiting the employees is another significant risk, as the employees sometimes are not enough in time or excessive. For example, the recent employee just quit off immediately, and the hostel has not found any new employee, this is a hostel’s risk. However, if there are excessive in employees, you should lay off the employees, which is strongly risky for temporary employees. These problems may be occurred from economic issues. Lastly, the hostels must provide security and insurance for the guests. In case, the situation on fire, the fire exit, fire extinguisher, pipe, and so