Identify TWO contextual factors external to your organisation that exert a significant influence over its management
... The two external contextual factors that exert a significant influence over the HR management are the external labour market and international competition. ... The second contextual factor is international competition. ... To grow they must expand overseas, a move that can greatly complicate the job of human resource management. A firm may face intense competition in both its product or services and labour market. ... Human resource development is more crucial to improve employee skills; it helps individuals, groups, and the entire organisation become more effective. ... Human resource management will be concerned mainly with establishing broad multi-skilling employability, the empowerment of the employees; career counselling; and developing and maintaining flexible performance management systems and multi-optional management of mobility and careers.1 In conclusion, the company has taken appropriate human resource management strategies to fit in with these contextual factors. These two contextual factors influenced the OKA¡¯s human resource management is very essentially for the company to implement business strategies to achieve success.