Macro-environmental Analysis:
For the macro environmental analysis of Regis Healthcare Ltd and the overall aged care industry, PESTLE analysis framework will be used. According to Buye (2021, p.4), PESTLE analysis provides a multi-dimensional analysis of the environmental and industrial factors which affects the business, as it is an acronym for political economic, social, technological, legal and environmental factors.
Political:
Organisations serving for the welfare of other people usually depends on the government, person donors or other organisations for funding and financial support (Mukova, 2023, p.5). Regis Healthcare Ltd majorly depends on the federal government, where the Department of Health (DoH) influences the funding which is approved for the aged care facilitation centers. Therefore, if the government funding fluctuates, then it will pose a major and direct influence on the revenue of Regis Ltd, as the chosen organisation obtained AUD 243.10 million from the funding through the government in the year 2023. Changes in government funding will not only impact the revenue of the business, but it will also impact the operations of the chosen organisation potentially. Moreover, the chosen organisation is also significantly influenced by the standards set by the government for the provision of quality aged care in Australia, therefore any changes in the aged care quality standards can impact the performance and operation of Regis Ltd.
Economic:
Economic factors such as the Gross Domestic Product (GDP), spending patterns of the consumers (aged people) and the rates of economic inflation can significantly impact the aged care industry and Regis Ltd. Furthermore, market rate fluctuation in the housing sector in Australia can also impact Regis Ltd and other organisations providing housing support to aged care people in Australia (Pawson et al., 2020, p.273). In addition, government funding is also a very important factor which can impact the aged care facilitation organisations and industry on an economic level.
Social:
It has been reported by Xiao et al. (2021, p.4) and IBISWorld (2024) that the number of people receiving aged care services has been potentially increased and is expected to increase more in the upcoming years in Australia. This increasing number of aged people, requires an increased number of social workers contributing to the workforce. Moreover, it has also been reported by Coram et al. (2021) that the pandemic of Covid-19 has posed a major impacted the social dimension of industries and organisations, as a result of which many workers left their jobs, which made it difficult for the social working industry to retain workers.
