HRM in Emerging Markets: Challenges and Opportunities
"HRM in Emerging Markets: Challenges and Opportunities" As global markets continue to expand and evolve, emerging economies are playing an increasingly pivotal role in the world economy. With rapid urbanization, technological advancements, and demographic shifts, the landscape of Human Resource Management (HRM) in these regions is characterized by both challenges and opportunities. Let's delve into the complexities of HRM in emerging markets and explore the strategies for success amidst dynamic environments. Figure 1 : HRM Challenges Sources : (Google.com,2024) Challenges: Talent Acquisition and Retention: In emerging markets, competition for top talent is fierce, particularly in sectors experiencing rapid growth and transformation. HRM professionals face challenges in attracting and retaining skilled employees amidst talent shortages, salary pressures, and high turnover rates. Regulatory Compliance: Naviga...