Top 6 Factors Affecting Human Resource Management: Political, Economic, Social, Cultural, Regulatory and Technological Factors.Click to see full answer. Besides, how the internal and external factors that affect human resource management activities? Internal and External Factors Affecting Human Resources External Factor: Available Labor Pool. Perhaps the main function of human resources departments is to maintain adequate staffing levels through workforce planning. External Factor: Government Regulations. Internal Factor: Level of Growth. Internal Factor: Use of Technology. Additionally, what political factors can have an impact on HR initiatives? The changes brought about by the shift in political climate include: Greater human resource mobility among firms, rendering concepts such as organizational commitment and loyalty irrelevant, and enhancing the role of HR functions such as recruitment as core strategic functions. Secondly, what are the four factors which influence human resourcefulness? The amount of income earned, wealth and position in the labor market are determined by many factors. Numerous analyses indicate that these characteristics depend on, among others, gender, education, type of work and place of residence.What are the external factors in human resource management?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.
