Increasing globalization of the economy and a growing competitive work environment with a premium on product and service quality is one of the trends enhancing the importance of HRM.

Question

Quizplus · Accepted Answer

As the economy becomes more globalized and competition increases, organizations are recognizing the importance of HRM in recruiting, developing, and retaining talented employees who can contribute to high-quality products and services. Therefore, the statement is true.

Increasing Globalization of the Economy and a Growing Competitive Work