Question

Your Chief executive has asked you to prepare a report for the board identifying the key contemporary business issues and main external factors affecting the organisation and the impact on HR. The report should also include how HR strategies and practices are shaped and developed and how to identify and respond to changes in the business environment.

In presenting the report you are expected to have included:

• A summary of the contemporary business issues and the main external factors affecting your organisation. Some comments and conclusions on impact of these issues and factors on the HR function in terms of a SWOT analysis.

Answer 1

As a chief executive has asked, I prepared a report.

Title- identify contemporary business issues, external factors that affect the business, and the impact of HR practices.

Executive summary- our company faces critical contemporary issues like uncertainty, globalization problems, innovation problems, and more complexity.

The main external factors customers requirement, competition market, economy of organization, technology, political and social conditions are continuously affecting our organization.

Our organization is facing the impact of HR in recruiting, pay & benefits, risk management, training of employees.

Organization overview- the organization, is facing the HR strategies' problem as providing safety to employees, self-managed and capable team, recruitment, performance management, managerial relations are inappropriately shaped, and developed based on past data of the organization. These are not relevant to overcome the external factors, business issues.

To identify the strategies and practices, I used the measurement of the latest data, profit, and use the dashboard to analyze the plan's outcome.

In the organization, employees' motivation is going lower day by day; the relationship between staff and managers is not good; the organization is continuously losing productivity, quality of outcomes decreased.

Appendix- To change the business environment, the organization should think big and stay small, accept the idea of change, better predict the future, adapt organization rhythm, watch the market competition, and increase the employee's motivation.