Technology
Another HRM challenge is the technology. Technology means the ways and methods of living and work. These methods and ways have been changed by the modren technology. The information technology has changed everything. It touches such information and ideas which are essential for the economy. Economy has large amount of capital that resides in people. There are some other assets which are physically owned by the people but Human Resource as an essential asset has no true ownership. The only way to develop and retain such human resources is create such an environment which compete them to stay in the organization and it is a main challenge for HRM.