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Discuss the key environmental variables that you see changing in Hong Kong recently. What impact will those changes have on the HRM/Personnel function in your company/organization?
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Question: "Our Economy is still growing steadily." "The unemployment rate is down." Discuss the key environmental variables that you see changing in Hong Kong recently. What impact will those changes have on the HRM/Personnel function in your company/organization? 1. Introduction The human resource management (HRM) practitioners in Hong Kong are currently facing unprecedented challenges which have been caused by major changes in competitive environment. Base on the words of officials of Hong Kong government, the vision of Hong Kong is to reposition itself as the world's most service-oriented knowledge economy that capitalizes on its strength in value-added producer services in order to complement the growth of the Chinese economy in the future. (Chan & Lui, 2004) In view of various environmental changes and the associated pressure that companies in Hong Kong are facing, HRM practitioners are expected to take an active role in advising their companies on what HRM strategies and policies should be adopted to...
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