Sociology

2:) Assume you have to develop an HR plan for a local bank. What specific external environments would be important for you to conduct? A:) Some of the important external factors would be as follows: 1. Geographic and Competitive concerns: These will help us to understand a better view of the population and the area distribution as well as diversification. 2. Government influences: government influences might include, trade policies, taxes, interest rate policies, area development, etc. 3. Economic conditions: …

…of cash, recognition, time-off, bonuses, etc. 3: Combination approach: this would be a mixture of both disciplinary and positive approach. The rewards of reducing turnover would be: 1: Compensation: This would give a mindful relaxation to the employee on not to go for another job. 2: Carrer planning and internal promotion: This helps the company to keep its employees happy and job satisfied. 3: Job rotation or satisfaction: This too can help a company to keep their employee satisfied.