HUMAN RESOURCE MANAGEMENT – NEW CHALLENGES IN THE MODERN ERA

Abstract

Throughout the history of society, the basis of the economy remained unchanged. In the era of agriculture, the economy was based on arable land; the industrial era was based on production. In the era of informatics, the basis is consisted of communications, information and computer technology. At the beginning of the 21st century has started the era of talents, mostly because the success on the market evoked skilled workers – particularly, the best ones. The new millennium is driven by the globalization, liberalization and technological development. Developments of information and communication technologies (ICT) made the world one single connected system. New era brings new challenges. They actuated the question of the nature of current practices, and the role of specialists in the field of Human resources (HR), finding new approaches in the functioning and delivering of their "goods and services". Human resource management (HRM) is now faced with a new challenge, creating new models for achievement of global mobility, efficiency and competitiveness. The main objective of the study is to identify the challenges of the new era from the perspective of the Ukrainian League of Leaders; it analyzes changes within organizations and the opportunities presented by technological advancements, as well as the need to identify talent and key drivers of change and innovation within organizations; it also demonstrates the current effectiveness of corporate culture, trust, and leadership.