Paradoxically, in this era of microprocessors, of top technologies, of equipments “independent” of man’s skills and attention, the human resource regains the hegemony among the economic variables of the organization. Human resources traditionally added value to organizations because of what they did or because of their experience. In the new economy, however, many employees add value because of what they know. The management of the human resources has to be torn apart from its bureaucratic past and to focus upon “plugging-in” the best brains. In the knowledge-based economy the focus of HRM will not be restricted in its conventional form of recruitment, training, motivation and so on and so forth. The task of HRM within the knowledge-based economy also includes other activities which intersect with other traditional functions (finances, marketing, strategy) and other new ones (such as knowledge management).
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