Globalization: The increasing interconnectedness of economies and markets has led to the expansion of businesses across borders, creating a demand for a global workforce and necessitating HRM's adaptation to manage international talent effectively.
Diverse Workforce: With globalization, organizations are now composed of diverse teams from various cultural backgrounds, necessitating HRM to embrace inclusivity, cross-cultural communication, and diversity management.
Talent Shortage and Competition: The global war for talent has intensified, and organizations face challenges in attracting and retaining skilled employees. HRM plays a crucial role in talent acquisition and retention strategies.