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The underpinning social and economic reasons in HRM

The underpinning social and economic reasons in HRM

by TRAN THI THANH TRAM . -
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The transformation in HRM has been influenced by social and economic changes, including globalization, technology advancements, and shifting workforce demographics. These factors have increased competition, requiring organizations to attract, retain, and develop talent with a strategic focus on employee engagement, diversity, and flexibility.

HR functions have evolved to include roles such as strategic partner, change agent, and employee advocate. Rather than focusing solely on administrative tasks, HR now emphasizes aligning talent management with business goals, fostering a culture of continuous learning, and supporting employee well-being to drive organizational success.