In terms of the social aspect of change, globalization of the workforce is a leading factor. As companies expand and reach new markets, they encounter new challenges such as different cultures, regulations, and even workforce expectations. This has led to HR facilitating global mobility while ensuring organizational alignment.
In terms of the economic aspect of change, overall globalization and technological advancements are key factors. In order to remain competitive in the market, as such, HR has been pushed to address challenges such as talent shortages and recuitment in a way that promotes growth and retention.
The role of HR has evolved significantly in such a way that HR is now expected to act as a strategic business partner that contributes in matters of talent acquisition and corporate strategy.