External Factors Human Resource Management Strategies

Question: Discuss about the External Factors for Human Resource Management Strategies. Answer: Business Research Topic This research work would focus in the field of Human Resource Management. Human Resources Management is very strategic and embedded in every organization whether small or large corporations. It can be noticeable in large organizations and seem inexistent in small businesses (Stone, 2013). There are three key external factors that impact the Human Resource strategies of organizations. The major external contexts affecting HR in any organization are: The economic climate - which dictates how much money my business, has to invest in HR. The Government or Political factors - which creates laws, which directly impact my organizations HR practices. Social or Trade Unions - which create a climate of demands and can mobilize labor to force my organization to adapt its HR practices There are a significant number of laws, which directly impact personnel practices, and human resource strategies of organizations (Huberman,2015). According to the Chartered Institute of Personnel and Development (2016)employment law islaw, which "addresses the legal rights of employees and employers".Many organization attempts to manage these contexts by operating collaboratively with all the players involved and with its employees. It does this by holding regular consultation sessions and issuing surveys to employees to capture their thoughts. For instance, in the past when union was effective, HR was working strongly to get good deals for employees, but in today's world, individuals are responsible to broker their own deals, which kind of subtly reduce the function of the HR. Most of the principles you mentioned like integration strategy, Flexibility, sacrifice and devotion, etc., are gradually ben replaced by systems developed specifically for this purpose. This means that, even when organizations do not completely remove the HR function in their business, which of course they cannot, their approach to how these services are carried out is changing because of external contexts like economy, politics, environmental, etc. The specific research questions of this research work can be discussed as: Research Questions What is the impact of the external factors like economic, political and legal on the human resource strategies of organizations? How can organizations use the external factors like economic, political and legal to develop and implement the human resource management strategies in the organization? Research Methodologies Techniques The research work would typically start with the initial research hypothesis. The research hypothesis of this research work can be discussed as: Research Hypothesis The external factors like economic, political and legal have a deep impact on the Human Resource strategies of organizations that drive the human resource management strategies of the organizations. The research would have both dependent and independent variables to complete the research. The dependent and independent variables for this research work can be discussed as: Independent variable: The external factors like economic, political and legal Dependent variable: The human resource strategies developed and implemented within the organization The critical assumptions of this research work can be discussed as: Assumptions / Limitations The research work would be focused on the multinational companies that operate in the global market. The three key external factors considered for this research work are political legal, economical and social (trade unions). The research methodology for this research work has both primary and secondary research. These methods for this research work can be discussed as: Primary Research Methods The primary research for this research work would be based on the focused group study. A focused group of 20 people would be developed to complete the research. The focus group would have the people from industry who have the knowledge of Human Resource Management function (Pickard, 2013). It would include the HR executives of multinational organizations. Secondary Research Methods A strong literature review would be done to complete the secondary research. The literature review would be done from books, online articles, journals and websites. Research Process The difference phases of the research work can be discussed as: Phase 1: Identify the research problem The identified research problem for this research work is in the broad area of human resource management. The research problem is to assess the impact of external factors like economic, political and legal on the human resource strategies of organizations. Step 2: Background Study and specific Questions formulation The two specific research questions are identified for this research work. These are: 1. What is the impact of the external factors like economic, political and legal on the human resource strategies of organizations? 2. How can organizations use the external factors like economic, political and legal to develop and implement the human resource management strategies in the organization? Step 3: Secondary Research / Literature Review It would be done to collect data from the secondary sources (Zikmund, 2012). Step 4: Data collection and Data analysis The data would be both quantitative and qualitative. The quantitative data would be collected from the focused group study as part of primary research (Robson, 2011). The qualitative data would be collected from the literature review. Step 5: Results Conclusion In this phase the final research report would be made. Data collection analysis methods The data would be both quantitative and qualitative. The quantitative data would be collected from the focused group study as part of primary research (Hair, 2007). The qualitative data would be collected from the literature review. Expected research outcome It is expected that the identified research objectives would be meet as part of this research work and a relationship would be established between the external factors and the human resource strategies of large and multinational organizations. References Huberman, B. (2015).Employment law changes in 2016: eight things employers should know - Personnel Today. [online] Personnel Today. Available at: https://www.personneltoday.com/hr/employment-law-changes-2016-eight-things-employers-know/ [Accessed 22 Aug. 2016]. Hair, J. F. (2007). Research methods for business. Pickard, A. J. (2013).Research methods in information. Facet Publ. Robson, C. (2011).Real world research: a resource for users of social research methods in applied settings. Chichester: Wiley. Stone, R.J. (2013). Managing Human Resources (4th ed.). Milton, QLD: John Wiley Sons (Australia), Ltd. ISBN 978 0 730 30255 1 Zikmund, W., Babin, B., Carr, J., Griffin, M. (2012).Business research methods. Cengage Learning.