Human resources management in the 21st Century (based on Business Media Network case)

Abstract

The life of a business, a company, or an enterprise is comparable to the life of a shark - stopping is tantamount to death. In today's highly competitive environment, any delay can lead to the loss of leading positions and profits. To avoid this, companies are forced to adapt to market conditions. But the market is constantly changing, placing new demands on the work, so now in the 21st century, human resource management is becoming increasingly important, because the effectiveness of the company depends on its functioning. No company can function without employees and a company's investment in its employees is a guarantee that employees have the necessary skills and knowledge to remain competitive in a rapidly changing market. Staff/employees are the key assets of any company, as they are the primary implementers of business processes and value creators for the company. Taking this into account, it can be concluded that effective human resource management is an important component in increasing productivity, improving overall efficiency, and the successful functioning of a company. Based on the analysis of promising and effective methods of human resource management the main stages of development and optimization of human resource management are defined. In the process of conducting project-theoretical work conclusions were made in relation to effective human resource management, increasing their productivity and improving the overall efficiency of business processes.