The world has vastly changed - it has become like one inter-connected globe characterised by increased mobility. Mobility in business transactions (we have become borderless as we invent more intelligent technologies like AI), mobility of the earth (climate change), and hence, mobility of the labor market (global job hunting, and global employment).
These change brought about significant social and economic changes; that implicates change in the way HR operates.
Economically; there are:
- emergence of new economic resources - green economy with emphasise on sustainable earth
- emergence of gig economy - more independent jobs, jobs of high freedom, individuals who want to earn but detached from organisational structure
- Cross-border business transactions. businesses beyond the border of countries.
- Invention of intelligent technologies, making data a God in business
Socially;
the above change the way we live, work and desire as a workplace community.
- multi-generational workforce - a good mix of baby boomers, Gen X, Gen Y, Gen Z
- emergence of specialist jobs especially in high technology such as AI
- Diversity in workplaces - the impact of talents hired globally
- demand for more competent, agile leadership