HRM has been influenced by a range of social and economic factors. These factors have driven changes in HRM practices and the evolution of HR functions and roles.The following are some social and economic reasons that I can think of.
1. Technology and Digital Transformation：The spread of technology has led to greater demand for flexible working, while technological advances have improved productivity and reduced costs, thus changing many business models.
2. Globalization and a Diverse Workforce：Globalization has promoted a diverse workforce, with employees coming from different cultural backgrounds, languages, working styles, and social benefits.
3. Employee Expectations and Well-being：Employees are looking for a better work-life balance, increased flexibility, and a sense of purpose in their jobs.
In summary, the recent transition in HRM is a response to a complex interplay of social and economic factors. The evolution of HR functions and roles reflects the need for HR to adapt to a rapidly changing work environment and meet the evolving needs of employees and organizations.