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Economic Factors Affecting HR Economic conditions significantly impact HR functions, from recruitment to compensation planning and workforce retention. Inflation & Cost of Living HR must adjust compensation and benefits to match inflation and employee expectations.
In the present scenario, GreenHRM is an emerging topic. GreenHRM was developed from the Green movement around the world. The concept of GreenHRM has become popular worldwide. HRM will fulfill the company’s dedication to green practices with the help of management and its employees.
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