The practice of human resources management has evolved dramatically over the past ten years. Global competition and an aging workforce are combining to create a talent shortage that is expected to last well into the 21st Century. At the same time being in a world of knowledge-based economies in which companies must compete in an ever wider arena while doing more with less, human capital is emerging as the most challenging to secure, the most elusive to quantify and the most critical to corporate success. Adding on to this is the worldwide financial crisis, which calls for workforce planning, talent management and employee engagement to play one of the central roles in the survival mechanisms and strategies designed.
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