Reason:
- Changing demographics, such as an aging workforce, generational diversity (Millennials, Gen Z), and increasing workforce diversity, have influenced HR practices. HRM now emphasizes inclusivity, flexible work arrangements, and personalized career development to accommodate diverse employee needs.
Evolution:
- HRM now prioritizes creating a positive employee experience throughout the employee lifecycle. This includes enhancing onboarding processes, implementing feedback mechanisms, promoting work-life balance, and fostering a supportive workplace culture.