Summary


Summary

In summary, the contemporary Human Resource Management is confronted with a number of critical challenges, such as the management of a diverse workforce, effective recruitment and selection, and retaining skilled employees in a competitive and dynamic business environment. Employees are the most precious resource of any organization, and hence, the management of their skills, knowledge, and commitment is critical for organizational success.

The challenges of recruitment and selection, such as talent shortages, discriminatory recruitment practices, and poor employer branding, can adversely affect employee productivity, job satisfaction, and retention. Similarly, poor diversity management and talent retention practices can result in low employee morale, increased turnover, and poor organizational performance.

To address these challenges, organizations must adopt effective HRM practices based on established theories, such as Human Capital Theory, Resource-Based View, Person-Job Fit, and Motivation Theories. Organizations must implement fair recruitment practices, diversity and inclusion, and competitive compensation and career opportunities to develop a loyal and high-performing workforce.

Finally, effective and sustainable HRM practices can help organizations achieve a competitive advantage, enhance employee satisfaction, and ensure long-term organizational success.







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  Introduction The modern workplace is an environment where employees are expected to feel engaged, valued and equipped to perform at their best. These organizations are rapidly changing and highly competitive business environment, technology advancements, and evolving workforce expectations. Employees have been regarded as the most valuable asset of any organization; therefore, human resource management is essentially a key function in managing the employees and enabling the application of the combined inputs of the employees’ skills, knowledge, and commitment towards the achievement of organizational goals and objectives. However, there have been a number of human resource management Challenges to contemporary organizations such as recruitment & selection, diverse workforce management, employee retention & motivation, etc. The organizations need to implement efficient human resource management theories and practices so that these challenges can be managed appropriatel...
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