The purpose of this chapter is to outline some of the key elements of human resource management (HRM), and to introduce our framework for this volume. The field of HRM continues to evolve in today's organizations, in part due to the economic, technological, and social realities that influence the nature of business. In a global economy, a wide range of factors—that vary from global sourcing and labor arbitrage to regional trade agreements and labor standards to cultural differences and sustainability to strategic alliances and innovation—all point to the vital nature of HRM. In large part this is because from a strategic standpoint, observers have noted that traditional sources of advantage such a saccess to capital, protected ...
Field of Human Resource Management
Field of human resource management