Question: While the local epidemic situation has abated, it will take time for local economic activities to return to normal. The external environment also remains difficult
"While the local epidemic situation has abated, it will take time for local economic activities to return to normal. The external environment also remains difficult as the pandemic continues to weigh on the global economy. The labour market will still face pressure in the near term.
a. Identify three (3) factors within the PESTEL Model that you believe will have significant impact on the business outlook of the organizations in the consumptionand tourism-related sectors. Give justification specifying the cause and effect implied by each of your factors to support your choice.
b. Building on the above remarks of caution, recommend a talent strategy that makes sense in resourcing employees toward the objective of maintaining primary business operations but avoiding excessive staffing costs in the coming few years. Give justification to support your recommendation.
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