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Pestle Hr

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Submitted By JeffMeister
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The PESTLE model consist of a 6 factors Political Factor, Economic Factor, Social Factor, Technological Factor, Environmental Factor, the PESTLE model is use to asses and analyze a firms future environment as a strategic management process [Worthington, I; & Britton, C. 2006;7] with PESTLE companies can plan a long run plan for the future of the company [Schuler, R. and Jackson, S. 2000; 112] so organization would use these external factors to their knowledge, as these factors would be of disadvantage to the company it could also be a strength if we knew how to take advantage of it.
The Political factors of the PESTLE are factors that affect the employee’s regulation and working life for people [Bratton J. and Gold J, 2007]. Ferris and Judge (1991) pointed out that political influence is a risky in the environment because it is difference in every country and state for examples of Political factors are Government policies, Tax, Pension Plan, tariffs etc. example in the minimum wage in the employment in the U.K. for a person that is of age 21 or above at an hourly rate is £ 6.08 per hour, from the age of 18-20 is £4.98 per hour, £3.68 - the 16-17 rate for workers above school leaving age but under 18 and £2.60 - the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship since October 2010, so HR personnel must be aware of the changes and be keep up to date.
The 2nd Factor of the PESTLE model is the Economic Factor. Schuler, R. and Jackson, S. (2000) refers the economy factor as the economic status of the region such as the current economy status such as interest rate, taxation, recession, good economy, inflation and currency, the economic would affect the power of the consumers buying power when the economy is down people would be losing their jobs so HR departments would be looking to reduce people working either

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