A key tool utilized by strategic Human Resources professionals is known as a PEST analysis (political, economic, social, and technological). This tool provides a framework to think about over-arching macro-environmental factors. These factors impact the organization, the Human Resources Department/Division, and, ultimately, the employees. This acronym has recently been broadened to PESTLE to include legal and ecological (i.e., climate, weather) considerations. All six macro-environmental factors are clearly interrelated and important.
For this Discussion, review this week’s Learning Resources. Consider how easily an organization’s strategy can be influenced by a PESTLE analysis.
Post by Day 3 your analysis of which one or two macro-environmental factors are most likely to impact or challenge the strategies of an organization’s Annual Human Resources Operating Plan and why. Be specific in your analysis and bring concrete examples into the Discussion.
Return to this Discussion in a few days to read the responses to your initial posting. Note what you learned and/or any insights you gained as a result of your colleagues’ comments.
Be sure to support your postings and responses with specific references to the LearningResources.
Respond by Day 5 to two or more of your colleagues’ postings by validating an idea or sharing an insight from your own experience.