Hrm in Business Context Essay

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A Report on Influences and Developments in the External Environment that have an impact on HR policies and practices,using the framework of STEEPLE By Amartya Basu(Registration No-201283862). Date:2/12/2012 Submitted in partial fulfilment of the requirement of the MSc Human Resource Management(Full-time) course. Acknowledgement: I would like to thank my teacher Mr. Chris Moore for his guidance and encouragement he has given me in writing this report. Abstract: This study is about the influences and developments of external environment, that generally have an impact on the HR policies and practices applied by the organisations/industries with special attention towards NHS Employers. The report provides a global view of…show more content…
By the mid 1990s the acronym changed to ‘PESTEL’(here political and legal were separated and a new factor was included by the term ‘Environment’). This acronym evolved further during early 2000s and from here ‘STEEPLE’ originated(Kew and Stredwick, 2010). The fields and key drivers of STEEPLE are as follows: Field | Examples of key drivers of strategy | Socio-cultural | Demography by size, age, other social characteristics and geographical distribution, working population, gender, ethnicity, education and training, religion, social values and beliefs. | Technological | Information and communication technologies, biotechnology, medical advances, nanotechnology, robotics, technological change, research and development. | Economic | Macro-economic policy, markets and prices, price levels, global trends, market structures, size of firms, profits, public spending, taxation, consumption and investment spending, wages and salaries, public services, imports and exports, exchange rates, balance of payments, employment and unemployment, labour and capital markets. | Environmental | Global warming, conserving natural resources, sustainable development, pollution, carbon footprints, protecting the eco-environment | Political | Party politics, government, opposition, public administration, public policy, developed assemblies, local government, pressure groups, public opinion, EU institutions, international organisations | Legal | Contract
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