The recent transition in HRM is driven by:
1.Social Factors:
Diversity and Inclusion: Increased focus on workplace equality and respect for different backgrounds. Work-Life Balance and Well-being: Greater emphasis on mental health and flexible work arrangements. Technology: Digital tools and automation transforming HR processes.
2.Economic Factors:
Globalization: Managing a dispersed, global workforce with varying regulations. Gig Economy: Adapting to flexible work structures with more freelance and contract workers. Skill Gaps: Focusing on upskilling and reskilling due to rapid tech advancements.
3.Evolution of HR Roles:
Strategic Partner: Moving from administrative to strategic business alignment. Employee Engagement: Enhancing employee experience and retention. Data-Driven HR: Using analytics for recruitment, performance, and planning. Change Management: Leading organizational change and agility.