The current phase of HRM is ongoing.Current management thinking holds that

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The current phase of HRM emphasizes the importance of employees as valuable assets to a company, rather than simply costs to be minimized. It is recognized that employees can be a source of competitive advantage, as they bring unique skills, knowledge, and abilities to the organization. Therefore, it is important for management to invest in employee development, support their well-being, and create a positive work environment that fosters engagement and commitment. This approach recognizes the importance of social influences, such as recognition, personal growth, and work-life balance, in shaping employee behavior and attitudes.

The Current Phase of HRM Is Ongoing