External factors and content of work HR manages to keep the employment relationship and implications for affective management within organizations
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Various external circumstances and work content influence the management of employment relationships and emotional management within organizations. These factors have a significant impact on the character of the job relationship as well as the success of HR practices. In this blog, I'll go through some of the important external factors and activities that HR oversees, as well as the consequences of emotional management within organizations while applying the factors to Dialog Axiata PLC.
Image 01: Business and its Environment
Economic
environment - The economic environment has a considerable impact on the
employment relationship, encompassing aspects such as economic growth, labor market circumstances, and industry trends. Organizations may encounter issues
such as layoffs, downsizing, and reduced job security during economic
downturns. HR must handle these issues delicately in order to maintain employee
trust and morale. A classic example of this is the HR of Dialog Axiata PLC
kept the employees aware of the rapid changes in the economic environment via
employee communication methods whereas the employees were highly educated on
the threats to their jobs in the market, reduction of allowances and impacts
of reorganizing and downsizing departments.
Political
environment - Political factors, or the extent to which a government intervenes
in the economy. Political considerations specifically include tax policy,
labor legislation, environmental law, trade restrictions, tariffs, and
political stability. Political considerations may also include products and
services that the government wants to supply or have delivered (merit goods) as
well as those that the government wishes not to provide (demerit goods or merit
bads). Furthermore, governments have a significant impact on a country's
health, education, and infrastructure.(Dialog Axiata PLC, 2022)
Legal
Environment - Human resources is governed by a legal and regulatory framework
that oversees employment interactions. Labor laws, health, and safety laws,
equal employment opportunity laws, and minimum wage laws, among others, affect
HR practices and influence the employment relationship. Compliance with these
standards is critical for HR to preserve healthy employee relations while
avoiding legal consequences. A very recent event under Dialog Axiata was the
golden handshake procedure where 1/3 of the company was given the VRS. In order to proceed, the HR of Dialog had to study way depth to the labor laws and wage
laws when calculating the compensations of each and every individual. (Dialog Axiata PLC, 2022)
Social
environment – The social environment of business includes the consuming
public's values, attitudes, beliefs, wants, and desires. The demographics of
the Srilankan population, as defined by gender, age, ethnicity, geography,
occupation, education, and income, are always changing. Aside from ethnic
diversity and age, the social environment also includes forces such as
Corporate Social Responsibility (CSR), which means that an increasing number of
consumers are demanding that businesses be "good corporate citizens"
by supporting charitable causes and contributing to local communities, adhering
to ethical standards in their treatment of workers and others, and adopting
environmentally responsible practices. Diriya. lk is a free, trilingual, online
knowledge portal that serves as a one-stop hub for Sri Lankan entrepreneurs,
providing expertise from reputed industry specialists, downloadable educational
content, and access to networking opportunities which is powered by Dialog. (Dialog Axiata PLC, 2022)
Technological
advancements - In several industries, technological improvements have changed
the nature of employment. Job responsibilities, skill requirements, and work
procedures have all changed as a result of automation, artificial intelligence,
and digitalization. Human resources is critical in managing the effects of
technology developments, ensuring staff have the requisite skills and training,
and supporting effective adaption to changing work settings. Dialog is a good
example of changing the entire process from manual to fully automated from
the front desk customer service end to back end reconciling processes.
Thousands of jobs were replaced by automation where as the employees who are
educated on technological advancement were retained and the others were
replaced for better job opportunities within the company by the HR team.
In conclusion, HR is crucial in managing the employment relationship within organizations. External elements such as legislative laws, economic situations, technical breakthroughs, social and cultural trends, and industry-specific factors must be navigated. HR effectively supports affective management by identifying and managing these external issues, creating positive employee interactions, work satisfaction, and organizational success.
I have determined from my personal experiences to name it as an organization that maintains a high level of human resource management and provides relatively high service to the customer.
Creating a satisfying and positive work environment for the employee and paving the way for him to achieve his goal is an important and necessary aspect of human resource management.
Now a day HR and entire organization experiencing VUCA business environment., Therefore this is very hard time to entire business to project the business as well as employment also. hence HR and business leaders must take a timely decision and wider analysis of the environment., in order to minimize and mitigate the business and employment risk.
Good external analysis. All levels of staff who handle set of workers are considered as Human recourse managers.Being sensitive to their own team issues, really strengthen the bond between subordinates.
Managers have to continuously read signals from the external environment to spot emerging opportunities and threats! thanks for bringing this out to the light.
Content illustrates how important HRM in decision making is. Experienced and talented HR managers are assets to the companies to analyze the macro environment conditions and the influence of those conditions to the organizations in the view of HRM to offer the best to the employees.
I feel the title is too long, better to have short and inclusive title that reflect the contents. Citation should appear before the full stop of the sentence, means the citation should be part of sentence.
One of the biggest external influences is the shape of the current economy. Not only does it affect the talent pool, but it might affect your ability to hire anyone at all.
An HR department has two key tasks in terms of employee interactions. First, HR assists in the prevention and resolution of difficulties or disagreements between employees and management. Second, they aid in the development and implementation of policies that are fair and consistent for all employees. Employee relations refers to an organization's attempts to carry out these duties while also establishing and maintaining strong relationships with its personnel.
I feel like you are discussing employee relations and how external factors affect it. In that regard, it is indeed important to manage the external factors properly for effective employee relations management.
The blog post effectively highlights the significant impact of external factors on managing employment relationships and emotional management within organizations, with specific reference to Dialog Axiata PLC,Consider discussing how HR anticipates future external challenges and proactively prepares the organization to navigate them effectively.
Exceptional LMS Organizations can save a substantial amount of time and money by using a user-friendly LMS. But more crucially, they may begin to develop the potential of their staff. It might seem simple to respond with just the three words that make up this acronym when asked to define and describe LMS. Even while "learning management system" is an accurate description on its own, how exactly should it be defined so that everyone knows what it is? So, if we think about the first word, "learning," we should keep in mind that it serves as a catch-all phrase for various forms of education, including training. Additionally, an LMS suggests that learning takes place electronically using various multimedia formats. The word "management" immediately conjures up work environments and commercial sectors. A learning management system, however, can be useful in a wide range of industries and workp
Effect of online learning by HR We should take into consideration a few important variables before listing the possibilities and benefits of online learning. All information used to be based on specialized locations like libraries or archives, instructor-led or in-person instruction, and expensive materials, primarily paper. We have seen several stages of a new approach to educating people during the digitization of society. The search engines evolved over time into the primary sources, which brought with it several inquiries and difficulties. It's essential to provide endless learning that is both validated and applicable when delivering training inside a corporation. A strong system can also aid in preventing the loss of data and information. Because of this, online learning thrives when it is integrated into a simple framework that ties everything—including the steps of each learner's learning path—together. E-learning offers a new method for develo
I have determined from my personal experiences to name it as an organization that maintains a high level of human resource management and provides relatively high service to the customer.
ReplyDeleteI U K Yaddehige.
MBA (Batch28).
Creating a satisfying and positive work environment for the employee and paving the way for him to achieve his goal is an important and necessary aspect of human resource management.
ReplyDeleteNow a day HR and entire organization experiencing VUCA business environment., Therefore this is very hard time to entire business to project the business as well as employment also. hence HR and business leaders must take a timely decision and wider analysis of the environment., in order to minimize and mitigate the business and employment risk.
ReplyDeleteKasup Harischandra
MBA (Batch 28)
Good external analysis. All levels of staff who handle set of workers are considered as Human recourse managers.Being sensitive to their own team issues, really strengthen the bond between subordinates.
ReplyDeleteManagers have to continuously read signals from the external environment to spot emerging opportunities and threats! thanks for bringing this out to the light.
ReplyDeleteContent illustrates how important HRM in decision making is. Experienced and talented HR managers are assets to the companies to analyze the macro environment conditions and the influence of those conditions to the organizations in the view of HRM to offer the best to the employees.
ReplyDeleteI feel the title is too long, better to have short and inclusive title that reflect the contents. Citation should appear before the full stop of the sentence, means the citation should be part of sentence.
ReplyDeleteReally Very important in organization thank for your shearing your knowledge
ReplyDeleteOne of the biggest external influences is the shape of the current economy. Not only does it affect the talent pool, but it might affect your ability to hire anyone at all.
ReplyDeleteAn HR department has two key tasks in terms of employee interactions. First, HR assists in the prevention and resolution of difficulties or disagreements between employees and management. Second, they aid in the development and implementation of policies that are fair and consistent for all employees. Employee relations refers to an organization's attempts to carry out these duties while also establishing and maintaining strong relationships with its personnel.
ReplyDeleteI feel like you are discussing employee relations and how external factors affect it. In that regard, it is indeed important to manage the external factors properly for effective employee relations management.
ReplyDeleteThe blog post effectively highlights the significant impact of external factors on managing employment relationships and emotional management within organizations, with specific reference to Dialog Axiata PLC,Consider discussing how HR anticipates future external challenges and proactively prepares the organization to navigate them effectively.
ReplyDelete