Porter’s Five Forces
- Reflecting back on Porter’s Five Forces:
- Are there competitive new entries or threats of substitutes that could impact the workforce?
- Are there shifts in competitive rivalry or power shifts with either suppliers or buyers?
- Are their macro elements (e.g., factors from PESTEL)
- Are there new technologies that may disrupt the industry? What skills will be needed to meet those needs?
- Changes in political or environmental factors that impact workforce needs ?
- Impact of social changes or worker attitudes that could impact conditions of employment (e.g., increase in freelance workers, trend of a remote workforce)?
- For SWOT analysis, are any weaknesses within an industry, or threats outside of it, that will effect the talent needed in the future?
