Today, the workplace in the world has changed in accordance with the advance technologies, new generation working behaviors with different ideas. The employers are more concerning about the increasing competition for skilled employees.
Social issues are important in HRM especially in promoting collaboration, foster positive working environment, upgrade productivity and engage and retain talents.
Economic factors inconsistent internal and external to the organization that may result profitability and efficiency of the organization's process. These include inflation, government policies, changes in law, exchange rate, tax rates, labor supply and recession.
The HR contributing productivity, overall growth and innovation in economic development. Whereas in the social development, the HR, particularly the high-quality ones, playing a decisive role in socio-economic development of each country.