The social and economic reasons are:
1. Shortage of Global Talents: It is very hard to find skilled employees. So they will need to open up positions across borders.
2. Growing Markets: Not similar talents are present everywhere like in developed countries. So, the focus needs to be supporting local talents to match other global leaders with the help of leadership conferences.
The evolution of the recent HR functions/role:
1. Improved organizational structure: Organizations are moving towards transparent organizational structure with great talents. So, I believe this can help HRs to adapt to the changes and make wise decisions.
2. Specialization: HRs are working on providing resources that encourages specialization in the current job and upskilling the existing employees.