External influences on human resource planning

The economic climate

If people have a good job and have good standard of living they will be able to afford to take holiday / holidays. This is called ‘the feel good factor’. Due to this increase in number of holiday, this will mean that more business for the travel companies which need to be fully staffed to meet this high demand. Thus resulting in a good healthy economy.
On the other hand if the economy is bad state, sometimes called ‘the recession’ people will not be able to take holiday as the they don’t have enough money to pay for the holiday. Due to this decrease in the number of holiday, staff in the travel and tourism organisation will be made redundant or have their working hours cut.

Consumer trends

This is analysing and monitoring consumer trends so the organisation can find out what type of holidays consumer want in the present and also predicting what type of holidays they will take in the future.
The current consumer trends are:

 Deman...