Evolution of HRM: A Synopsis

Evolution of Human resource management 

In simple terms, human resource management (HRM) is the management of organizational manpower. Armstrong has provided more detail and comprehensive definition, “strategic and coherent approach to the management of an organization’s most valued assets – the people working there who individually and collectively contribute to the achievement of its objectives” (Armstrong, 2006). Modern-day HRM is derived from human relations with the organization which came to light during the 1970 and early 1980s in the USA (Henderson, 2011). Globalization and technological advancement have influenced the modern HR functions which are now focus on more of strategic initiatives. This article gives a brief account of the evolution of HRM. 

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Challenges in strategic HRM

Employees are one of the key resources that add values to a company hence human resource management is very important. There are a few developments that will have profound effects on a company’s performance. Technological disruption has a huge impact on jobs (job creation and displacement), labor productivity and widening of skill gap. It is predicted that 65 % of kids who enter kindergarten today will do a job in an entirely new specialty that was not existed (World Economic Forum, 2016). Human resource management has become very challenging because of these megatrends.  Brief description of these megatrends given below, 

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