Why has HRM function increased in statures and influence in many organisation?

The HRM function has gained stature and influence in organizations due to the increasing recognition of human capital as a critical driver of business success. As companies face complex challenges such as globalization, technological advancements, and evolving workforce dynamics, effective talent management and employee engagement have become essential for maintaining competitive advantage. Additionally, HRM plays a pivotal role in fostering organizational culture and ensuring compliance with regulatory requirements, further elevating its strategic importance. This shift has led to HR professionals being involved in decision-making processes at higher levels within the organization.