In the recent years the world has been facing many challeneges in various spheres, including economical and political factors, that have got an impact on the business field. The HRM isn't an exception. In the very beginning HRM was thought of handling personnel hiring and payment, but as for now the function aligns closely with a company's strategic plan. First of all, HRM is transitioning from being task-oriented to service oriented paying more attention to the employees "needs and wants" than before. The critical skills for HR leadership today are human-centered approaches, focused on active and empathic listening, building processes focused on creating a positive and caring experience for employees and bolstering trust and mutual commitment between employees and the organization. What is also important is that HRM nowadays has to adapt to new trends very quickly in short time-period. For Business it is crucial to have really good strategy that includes innovation. At is also important to mention, that SHRM is now gaining in popularity, as it cinsidered as a source of competetive advantage. Another reason is that HRM has got the most direct influence on the human capital of the firm.
I agree, human resources now play a bigger part than 'hiring' and 'paying' workers; but also a part in project management. For a business model to be executed well, they need to have the right talent pool to manage the projects. Did you know Netflix had a brutal talent management programme in their workplace?