A Study on the development of Human Resource Management and its Strategic Functions in Modern Companies (KEY IJP************812)

• Arun Sreevatsan M,Mrs Naveena M

Abstract

The field of human resource management, or HRM, has evolved from an authoritative role to a crucial partner in business success. This study examines the historical development of HRM, its crucial role today, and its potential future. In today's competitive and dynamic trade economy, the study emphasizes the fundamental importance of HRM by examining its impact on organizational performance, worker engagement, and development. The difficulties faced by HR professionals are also discussed, including globalization, technological advancements, and shifting worker socioeconomics. In its conclusion, the report offers suggestions for HRM practices that support long-term growth while adapting to current corporate goals.