Globalization and the opening of new markets have been a big part of the recent changes in Human Resource Management (HRM). As businesses grow around the world, they need to be able to handle a diverse workforce that is spread out in different places. Because of this, HR plays a bigger part in global movement, which means putting the right people in the right jobs at the right time.
Several things have affected how HR functions and jobs have changed over time. One big change is that HR is now playing a more strategic role, with a focus on making sure that HR methods are in line with business goals. People who work in human resources are now expected to be actively involved in making important business planning choices and coming up with strategies.
The combination of global mobility and people management is another important change. HR is now an important part of managing global talent resources and making sure that people with the right skills can go to the places where they are needed most.
To sum up, the recent change in HRM is mostly a reaction to the challenges and possibilities that globalization, emerging markets, and the growing importance of talent management in business success presented.