Lewis External Factors
P1: Describe the internal and external factors to consider when planning the Human Resources requirements of an organization.
The author picked John Lewis as a company to elaborate upon in this report.
When looking into the company John Lewis they are uprising.
They expand and broaden their range of products and services.
They sell products to upper and middle class customers.
John Lewis also has 28 department stores and 4 John Lewis at home stores.
As well as the John Lewis department stores the partnership operates five Waitrose Food & Home stores combining the group's Waitrose supermarkets with some of the John Lewis division's non-food ranges. This means that John Lewis has a broad range of different shops which need different …show more content…
These influences include the type and availability of employees to work for the organisation and the amount of money that is needed to pay them. Government policy, labor market competition etcetera are influences which affect human resource planning.
For a business it is mandatory to consider what is happening to the supply of labor on a local, national and international market. For John Lewis this would be the national market so in the UK. Changing's of popularity in education and labor markets can change the supply of skilled people who are needed for the business. E.g nowadays in some regions there has been a change from mostly primary and manufacturing jobs to new industries such as biotechnology as well as the growth in service industries such as retailing and tourism. Meaning that this could be beneficial for John Lewis because people are more interested to work in the retail industry which could mean new employees for John …show more content…
This means that they must hire people who can answer questions about televisions but also about clothes. Meaning that the more products they offer the more employees they should hire who are knowledgeable. This is very time but also money consuming. Employees who are working in the store itself must be motivated to sell products. If a customer walks in and see's a happy face there are more likely to buy products. John Lewis is very smart in this way because all the employees are also shareholders. An employee share ownership plan (or "stock ownership", abbreviated to "ESOP") is the practice of companies giving staff members shares in their company as part of their salary. An Employee Share Option Plan is a defined contribution employee benefit plan that allows employees to become owners of stock in the company they work for. It is an equity based deferred compensation plan. Under the ESOP plan, companies provide their employees the opportunity to acquire the company's shares at a reduced price over a period of time. The employees are determined to work hard because if they do not and the company is not doing well in the labour market they will lose money themselves. John Lewis is growing and growing which we can see in this table. Meaning that this manner of employment
The author picked John Lewis as a company to elaborate upon in this report.
When looking into the company John Lewis they are uprising.
They expand and broaden their range of products and services.
They sell products to upper and middle class customers.
John Lewis also has 28 department stores and 4 John Lewis at home stores.
As well as the John Lewis department stores the partnership operates five Waitrose Food & Home stores combining the group's Waitrose supermarkets with some of the John Lewis division's non-food ranges. This means that John Lewis has a broad range of different shops which need different …show more content…
These influences include the type and availability of employees to work for the organisation and the amount of money that is needed to pay them. Government policy, labor market competition etcetera are influences which affect human resource planning.
For a business it is mandatory to consider what is happening to the supply of labor on a local, national and international market. For John Lewis this would be the national market so in the UK. Changing's of popularity in education and labor markets can change the supply of skilled people who are needed for the business. E.g nowadays in some regions there has been a change from mostly primary and manufacturing jobs to new industries such as biotechnology as well as the growth in service industries such as retailing and tourism. Meaning that this could be beneficial for John Lewis because people are more interested to work in the retail industry which could mean new employees for John …show more content…
This means that they must hire people who can answer questions about televisions but also about clothes. Meaning that the more products they offer the more employees they should hire who are knowledgeable. This is very time but also money consuming. Employees who are working in the store itself must be motivated to sell products. If a customer walks in and see's a happy face there are more likely to buy products. John Lewis is very smart in this way because all the employees are also shareholders. An employee share ownership plan (or "stock ownership", abbreviated to "ESOP") is the practice of companies giving staff members shares in their company as part of their salary. An Employee Share Option Plan is a defined contribution employee benefit plan that allows employees to become owners of stock in the company they work for. It is an equity based deferred compensation plan. Under the ESOP plan, companies provide their employees the opportunity to acquire the company's shares at a reduced price over a period of time. The employees are determined to work hard because if they do not and the company is not doing well in the labour market they will lose money themselves. John Lewis is growing and growing which we can see in this table. Meaning that this manner of employment