Contemporary trends of the Chinese human resource management

Human Resource Management (HRM) is aiming effective utilization of available human resources both inside and outside the organization through recruitment, selection, onboarding, training, compensation, and other management forms to meet the current and future development needs of the organization, ensure the achievement of organizational goals and maximize the development of members. It is the entire process of predicting organizational human resource needs and making manpower demand plans, recruiting, and selecting personnel for effective organization, evaluating performance and paying rewards for effective incentives, and combining organizational and individual needs for effective development to achieve optimal business performance. In this context, high quality human resources can play crucial role in developing, reinforcing, and changing the culture of any organization. Chinese HRM practices gained significant attention and become an important research area that underpins unprecedented economic growth, business development, global engagement, and institutional transformation in China. In addition to these trends, the traditional Chinese HRM practice should be convergence to the Western HRM practices maintaining its primarily Confucian-based cultural values and unique Chinese characters adopting the emerging social, technological, economic trends arising from globalization.