Internal Factor Evaluation Matrix in Human Resource Management: Strengths and Weaknesses, Assignments of Human Resource Management

An internal factor evaluation matrix for human resource management in bba, highlighting key strengths and weaknesses of an organization in various functional areas. The matrix helps identify the relationship between different functional areas and offers intuitive judgments for developing the matrix. Ratings and weighted scores for various factors such as employment branding strategy, compensation philosophy, turnover management, safety standards, long-term goals, hr staff knowledge, reputation in the employment market, benefit offering, training resources, employee morale, and budget constraints.

Typology: Assignments

2020/2021

Uploaded on 03/06/2021

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NURUL AINNTUL SHAHHIRAH BINTI DZULKIFLI
2018250016
BA243 5L
EXERCISE MGT657
INTERNAL FACTOR EVALUATION MATRIX IN BBA HUMAN RESOURCE MANAGEMENT
The Internal factor Evaluation Matrix is important for conducting internal strategic management
Audit. The strengths & weaknesses of the organization in its different functional areas are
highlighted through the Internal Factor Matrix.
Moreover, the relationship between different strengths & weaknesses of functional areas of the
organization is also identified & evaluated by the IFE matrix. There is no perfect scientific
approach for developing an Internal Factor Matrix so intuitive judgments are helpful in this
regard.
Key Internal Factor Matrix in BBA Human Resources Management
STRENGTHS
Weight
Rating
Weighted Score
1. A successful employment branding strategy
0.05
4
0.2
2. A competitive compensation philosophy.
0.08
5
0.4
3. Effective turnover management.
0.06
5
0.3
4. High safety standards.
0.10
6
0.6
5. Long-term goals, such as building a top-tier
workforce or becoming an employer of choice
0.03
3
0.09
6. HR staff knowledge and expertise because they are
the employees ultimately responsible for carrying
out tactical duties.
0.04
3
0.12
WEAKNESSES
1. A bad reputation in the employment market
0.10
3
0.3
2. A benefit offering that insufficiently attracts
0.05
2
0.1
3. Retains workers, or a lack of training resources.
0.05
1
0.05
4. Low employee morale and high turnover
0.15
1
0.15
5. HR often deal with the budget constraints and cuts
are conditions that HR must rely on sound
justification to fund investments in HR activities.
0.10
2
0.2
TOTAL
0.81
2.51

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NURUL AINNTUL SHAHHIRAH BINTI DZULKIFLI

BA243 5L

EXERCISE MGT

INTERNAL FACTOR EVALUATION MATRIX IN BBA HUMAN RESOURCE MANAGEMENT

The Internal factor Evaluation Matrix is important for conducting internal strategic management Audit. The strengths & weaknesses of the organization in its different functional areas are highlighted through the Internal Factor Matrix. Moreover, the relationship between different strengths & weaknesses of functional areas of the organization is also identified & evaluated by the IFE matrix. There is no perfect scientific approach for developing an Internal Factor Matrix so intuitive judgments are helpful in this regard. Key Internal Factor Matrix in BBA Human Resources Management STRENGTHS Weight Rating Weighted Score

  1. A successful employment branding strategy 0.05 4 0.
  2. A competitive compensation philosophy. 0.08 5 0.
  3. Effective turnover management. 0.06 5 0.
  4. High safety standards. 0. 10 6 0.
  5. Long-term goals, such as building a top-tier workforce or becoming an employer of choice
  1. HR staff knowledge and expertise because they are the employees ultimately responsible for carrying out tactical duties.

WEAKNESSES

  1. A bad reputation in the employment market 0.10 3 0.
  2. A benefit offering that insufficiently attracts 0.05 2 0.
  3. Retains workers, or a lack of training resources. 0.05 1 0.
  4. Low employee morale and high turnover 0.15 1 0.
  5. HR often deal with the budget constraints and cuts are conditions that HR must rely on sound justification to fund investments in HR activities.

TOTAL 0.81 2.