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One significant external factor influencing Human Resource Management (HRM) is the legal and regulatory environment, which includes labor laws, employment regulations, and compliance requirements. Changes in legislation, such as minimum wage laws, health and safety standards, and anti-discrimination policies, can directly impact HR practices and organizational policies. Additionally, economic conditions, such as unemployment rates and market competition, influence recruitment strategies and talent management. Globalization also plays a role, as it necessitates HRM adaptations to diverse cultural and legal contexts in multinational operations.

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2mo ago

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