Name :…………… date:…… Gr 10 BM External factors that affect Human Resource Planning Key External Factors: 1. Economic Conditions: Explain how recessions or economic booms can influence hiring and workforce demands. 2. Technological Advancements: Discuss how automation and digital tools affect the skills needed within a company. 3. Social and Demographic Trends: Describe how population age, diversity, and social changes impact HR planning. 4. Labor Market Conditions: Explain how availability of skilled labor affects recruitment strategies. 5. Legal and Regulatory Factors: Discuss how labor laws, minimum wage changes, and health and safety regulations shape HR policies. Strategy 1 Research a company that has faced significant external challenges and write a short report on how it adjusted its HR practices to address these factors. Name :…………… date:…… Gr 10 BM Strategy 2 Scenario Analysis Scenario: GreenLife Products is a company that manufactures eco-friendly household items. Recently, it has been facing various external pressures: The economy is slowing down, reducing consumer spending. New environmental regulations are increasing production costs. Competitors are attracting talent with flexible work arrangements. Advances in technology mean that many of their production roles may soon be automated. Group Task: Divide the class into small groups. Each group will: 1. Identify the external factors impacting GreenLife’s HR planning. 2. Discuss how these factors could influence the company’s hiring, training, or employee benefits policies. 3. Propose one HR strategy GreenLife could adopt to address these challenges. Presentation: Each group presents their analysis and proposed strategy to the class.