Human resources trends and challenges

The significance and role of human resources management has evidently increased in the last decades of the 20th century, and this trend has continued in the 21st century. Human resources management has been put in the same plane with finance and technology. In this area, a major change occurred when the role and the importance of the human resources department changed from a purely administrativeanalytical role to the role of the department that became a consultant and partner at the same time to other departments in the company. The next challenge was to put all these specifics into an international framework and adapt to new managerial and marketing orientations. This made investment in human capital very important. In recent years, the trend of major changes in the global economy has been brought by many new elements and changes in human resources management. Companies are forced to focus on better organization, governance, development and the importance of human resources. Due to the rapid advancement of technology that changes the “rules of business”, individuals are forced to adapt more quickly, but organizations do not change so quickly. For these reasons,it has become important to highlight several new elements, such as the speed of adaptation to computing, the focus on work experience and employee knowledge, performance management, a new model of leadership, digitization of work and equity at work. For these reasons, human resource management has become significant for all managers in the context of the strategic leading of the organization. In addition to these microeconomic factors, other factors such as globalization, migration and demographic change are very important. All this requires an approach to human resource management that implies “smart work”