An Investigation in Effect of Economic and Financial Crisis on Human Resources Management

Abstract

Without doubt, factors including economic collapse of nation states, political collaboration on structural reform to address climate change, the integration of social media into every aspect of our communication, the development of fast moving communities of interest and the last changing role of government in partnership with third parties to deliver services influence the way through which entities operate and engage with each other. These factors mentioned as the forces which create a new paradigm for HRM. a huge opportunity for HR to reinvent itself as a major source of inspiration and innovation in leadership and management, is offered by The potential for major transformation within organizations and the intersection with community, customer and supply chain relationships. This study intends to define steps that every HR manager requires taking to adapt to the changing environments, mentioned the steps as redefine the boundaries of our role, be the owners and drivers of the brand that reflects a commitment to service towards staff, customers, suppliers and the community, be recognized professionally, take ownership of the competencies required to work successfully at a strategic level, be the thought leaders on internal and external factors impacting on how our organizations operate. To maintain a high level of vigilance on workforce issues, knowledge and networking are required; Build internal trust has dramatically changed in just a few short years through which the role of the HR function would be entered to challenge.