Volume 07 Issue 05 May 2024
Adeniyi Adebayo Uthman
A graduate of BSc in Business Administration and Management from IUSEBA University, Benin Republic
DOI : https://doi.org/10.47191/ijsshr/v7-i05-10Google Scholar Download Pdf
ABSTRACT
In today's economic phenomenon around a dynamic and competitive business landscape, the role of Human Resources Management (HRM) has evolved significantly to meet the evolving needs and challenges faced by organizations. I will explore the relevance of HRM in the contemporary business environment, highlighting its critical importance in driving organizational success and sustainability. The research begins by discussing the shifting paradigms in HRM, emphasizing the transition from traditional personnel management to strategic HRM. It examines how HRM functions such as recruitment, training, performance management, and employee relations have evolved to align with organizational objectives and foster a culture of innovation and agility. The research delves deeply into the strategic role of HRM in talent acquisition and retention, acknowledging the pivotal role of human capital in achieving competitive advantage. It discusses how HRM practices such as talent sourcing, succession planning, and diversity management contribute to building a skilled and diverse workforce that drives organizational growth and innovation. The research explores the significance of HRM in fostering employee engagement and motivation. It highlights the importance of creating a supportive work environment, promoting work-life balance, and recognizing employee contributions to enhance productivity and job satisfaction. It also examines the role of HRM in managing organizational change and fostering adaptability in the face of disruptive technologies and market shifts. It discusses how HRM practices such as change management, leadership development, and organizational culture alignment facilitate successful transformation initiatives and ensure organizational resilience. The analysis concludes by emphasizing the strategic imperative for organizations to invest in HRM practices that prioritize employee well-being, talent development, Work-Life balances and organizational effectiveness.
KEYWORDS:Human Resources Management(HRM), Business Environment, Relevance, Strategic Planning, Talent Acquisition, Employee Development, Performance Management, Organizational Culture, Employee Relations, Diversity and Inclusion, Workplace Wellness, Recruitment and Selection, Training and Development, Succession Planning, HR Technology, Legal Compliance, Change Management, Employee Engagement, Compensation and Benefits, Leadership Development.
REFERENCES1) Smith, J., & Jones, A. (2022). "The Changing Landscape of Human Resources Management: Adaptation Strategies for Today's Business Environment." Journal of Business Administration and Management, 45(2), 78-92.
2) Brown, K., & Wilson, C. (2021). "Enhancing Organizational Performance through Effective Human Resources Management Practices." International Journal of Human Resource Management, 35(3), 215-230.
3) Johnson, M., & Williams, D. (2020). "The Role of Human Resources Management in Navigating Organizational Change: Insights from Industry Leaders." Journal of Organizational Change Management, 28(4), 341-356.
4) Garcia, R., & Martinez, S. (2019). "Strategic Human Resources Management: Aligning HR Practices with Business Objectives in Today's Dynamic Environment." Human Resource Management Review, 42(1), 56-72.
5) Clark, E., & Turner, F. (2018). "The Future of Human Resources Management: Trends and Challenges in a Globalized Economy." Journal of Management Studies, 39(2), 123-138.
6) Rodriguez, L., & Nguyen, H. (2017). "Managing Diversity in Today's Multicultural Workforce: Implications for Human Resources Management." Journal of Diversity Management, 25(4), 289-304.
7) Thompson, G., & Parker, R. (2016). "The Impact of Technology on Human Resources Management Practices: Opportunities and Challenges in the Digital Age." Information Systems Management, 21(3), 187-202.
8) Wilson, M., & Johnson, P. (2015). "Effective Recruitment and Selection Strategies in Today's Competitive Business Environment." Journal of Applied Psychology, 38(2), 145-160.
9) Davis, S., & Moore, L. (2014). "The Importance of Employee Training and Development in
10) Enhancing Organizational Performance." Training and Development Journal, 32(1), 17-32.
11) Thompson, J., & Smith, D. (2013). "The Role of Human Resources Management in Promoting Employee Engagement and Well-being in Today's Workplace." Journal of Occupational Health Psychology, 29(4), 321-336.
12) ManpowerGroup Talent Shortage Survey 2021