1.Technological Innovation- Rapid technological changes and innovations are taking place all over the world. As a result of these, technical personnel are increasingly required.//
2.Economic Factors- Economic conditions influence financial “health” of the organization. Under favourable economic condition, expansion of existing programes and creation of new programme are very likely. With less favourable or deteriorating condition, contraction or cancellation of some programme may be necessary.//
3.Employees’ Organizations- Employees organizations have mustered strength to match the growth of industrialisation. Labour unions seek to bargain with management over the terms and conditions of employment for their members.//
4.Labour Markets- In labour markets, organizations seek employees (demand and labour), and individuals offer their services to organizations (supply and labour). Labour supply and demand have implications on all activities, but particularly for compensation and external staffing.//
5.Changing Demand of Employers- Organizations also undergo changes and consequently their demands on employees also change. The technological revolution and stiff business competition demands that the existing employees adapt to every changing work situation and learn new skills, knowledge etc..//
6.Legal Factors- It has to manage its employees according to the legislation enacted by the government at the centre and the states.
0 Comments