Social factor

This topic has 5 replies, 2 voices, and was last updated 11 months ago by Ken Garrett.

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July 2, 2021 at 1:41 pm #626843
maximus07
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Increased percentage of teenagers in UK are going to university.
One of the example of firm which would be affected is mention below.

Any firm which typically takes staff straight after they leave school.
It is threat as there will be fewer suitable candidates available. The number of graduate applicants for jobs may rise, but they may expect higher starting salaries.

What is trying to say about salaries here? Please explain sir.
July 3, 2021 at 10:02 am #626890
Ken Garrett
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PESTEL looks a macro-factors that might affect a business.

If a business has traditionally employed young school leavers (probably low wages), but more and more young people go to university there will be greater competition for the fewer school leavers looking for a job. Therefore, more difficulty recruiting.

What qualification are you doing? You had been posting queries on the FIA forums but this one is on an ACCA forum.
July 3, 2021 at 10:55 am #626892
maximus07
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I want to do ACCA and for that I had to give FIA papers first.
Thank you sir.
July 3, 2021 at 4:30 pm #626920
Ken Garrett
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And you have passed FIA?
July 4, 2021 at 4:52 am #626931
maximus07
- Topics: 374
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No sir. Last paper remaining.
July 4, 2021 at 6:19 am #626933
Ken Garrett
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OK. Good luck with it.
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