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describe the underpinning social and economic reasons that brought about the recent transition in HRM

describe the underpinning social and economic reasons that brought about the recent transition in HRM

by YANG MENGFEI . -
Number of replies: 1

A、The recent transition in Human Resource Management (HRM) has been driven by various social and economic factors, reflecting the changing dynamics of the global business environment. Some of the key underpinning reasons for this transition include:GlobalizationTechnological AdvancementsDemographic ShiftsSkills Gap and Talent ShortagesChanging Nature of WorkRegulatory and Compliance PressuresFocus on Employee Well-being and Engagement.

B、

The recent evolution of HR functions and roles has been characterized by a shift from traditional administrative and transactional tasks towards strategic partnership and value creation within organizations. Here's a brief overview of the key stages in this evolution:

  1. Administrative Personnel Management

  2. Human Resource Management (HRM)

  3. Strategic Human Resource Management (SHRM)

  4. Talent Management and Development

  5. Employee Experience and Well-being

  6. Digital Transformation and HR Analytics

Overall, the recent evolution of HR functions and roles reflects a transition from administrative support to strategic partnership and value creation, driven by changing organizational needs, advancements in technology, and a greater focus on employee well-being and engagement. HR professionals are increasingly expected to possess a diverse skill set encompassing strategic thinking, data analysis, change management, and interpersonal communication to effectively contribute to organizational success in the 21st century.



In reply to YANG MENGFEI .

Re: describe the underpinning social and economic reasons that brought about the recent transition in HRM

by LI JIAYIN . -
I agree with you too