Changing Role of HRM and its impact on business strategies

This report explores the evolving role of Human Resource Management (HRM), tracing its transformation from a focus on operational efficiency to a strategic partner in today's business environment. The report highlights the shift towards prioritizing employee engagement, driven by the increasing transparency of the job market and the influence of social media. The report discusses the need for HRM to focus on employee retention, career development, and cost management. The future of HRM is seen as a critical component of business strategy, requiring creative approaches to meet the needs of both employees and the organization. The report also mentions the need for strong convincing power to excel in the HRM field.

Running head: CHANGING ROLE OF HUMAN RESOURCE MANAGEMENT
Changing Role of Human Resource Management
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CHANGING ROLE OF HUMAN RESOURCE MANAGEMENT
Changing Role of Human Resource Management
There have been a drastic change in the role of human resource and the definition of the
profession over the years due to various economic and social environment. This has led to the
evolution of HRM over the years. In the 1900s it was seen that duet it advent of various
manufacturing industries and employers the management focused on the strategies to enhance
the organizational efficiency compared to their competitors (Deadrick & Stone, 2014). Their
main aim was to develop new approaches to manage workers and help them perform better.
However, in the present condition, the role of HRM is more of a strategic partner as there are
recognition that human resources are critical for the function of the industry. At present, the
HRM role is more to retain the employee and create employee engagement. Such as change in
HRM role was created because of increasingly transparent job market and the spread of social
media and job review websites such as Glassdoor and others (Deadrick & Stone, 2014). Thus,
they have to maintain their retention rate to show the world that the company is a good place to
work. The future holds for HRM is to engage themselves as a creative part of the business that
could come up with strategies that will keep employees happy as well as benefit the organization.
This means that the role will be two-sided to offer career development as well as cost
management. Thus, to prepare for future career in HRM field I need to be creative enough to
engage with the employees and strong convincing power.

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CHANGING ROLE OF HUMAN RESOURCE MANAGEMENT
References
Deadrick, D. L., & Stone, D. L. (2014). Human resource management: Past, present, and
future. Human Resource Management Review, 3(24), 193-195.