The new challenges, roles and competencies of human resource management

Human resource management is experiencing a time of great changes and is, thereby, facing new challenges and roles. It is no longer enough merely to adapt to the ongoing changes. Instead human resource management needs to increase its concern of how to create the future. Old beliefs, thinking patterns and ways of action do not allow this, however. The basics of human resource management have to be re-shaped by new thinking to enable the building of a new framework that helps perceiving the features of the new economy. These are the lines along which the present paper proceeds.