in this business environment many things can affect hrm. hr is facing many challenges such as market hyper-competition,fluctuation of consumer demands, falling margins, diversity of employees, and advanced technology
Yes, agree. In smaller companies, HR function could be downsized because of the falling margins.
You are completely right, you described it very simple
A lack of formal HRM practices characterized the pre-industrial revolution era, and workers were often treated as commodities. During the industrial revolution, the focus of the evolution of HRM was on maximizing productivity through scientific management and mass production techniques.
You are right. To face these challenges HR can promote innovation, flexible staffing, cost control, diversity, and technology adoption. It should also align strategies with the organization's goals and prioritize employee well-being.