This chapter is based on economics and the business perspective of sustainable human resources management. HR has the capacity to serve as the organization's moral compass, encouraging policies and practices that are beneficial to both individuals and the environment. The success of any organization depends upon the degree to which they are adopting this concept. In addition to becoming financially strong, the firms are now focusing on setting the different and new objectives. The main focus of the firms is to follow the concept of triple bottom line, which is the set of economic, environmental, and social performance. Many economies have now entered into the era of economic, social, and environmental development and pay great importance to human resource management. The project of organizations, in this context, is to make certain the health and superior education of the personnel and expand the notice and abilities to create productive employees.
TopObjectives
Study the key drivers of investing in sustainability are the parties and practices.
To study the critical role HR plays in advancing sustainability.
To study the obstacles faced by HR regarding sustainability in business practices.
To act as a guide for the HR function to support sustainable business.
To offer suggestions and aid HRM practitioners in achieving success in the sustainability-driven organization.
If HR (human resources) is sustainable in any organization then the organization can be stable or successful. If HR is not a sustainable company then their company can face a lot of troubles or difficulties because skillful employees of HR can create new innovations, new features for their company and also sustainable companies always sustain employees on a merit basis and if HR is sustainable in any organization then their workers can work effectively and efficiently so that role of suitable HR is important in every organization or firm because HR organizations planning, organizing, leading, and controlling in every project. Now every organization needs new innovations, and new variations to sustain its organizational name because now the world has changed as compared to the past. Now HR organizations are sustainable through IT. Developing sustainability-centric mindset employees through effective change management hence developing employees to enhance their skill for the future also providing unlimited leadership developing opportunity for high potential employees cantered on the care of the sustainability. Managing the organization's expectations on improving employees' engagement and motivations as also simultaneously managing the individual employer's career expectation HR function helps bring clarity around these individual career goals and develop an appropriate career management framework to achieve these goals.
Understanding how business impacts the most suitable organizational structure to drive sustainability initiatives they key to recruiting and staffing the makeup of talent management is providing the right people with the right mental attitude which contributes to talent management.
Business Perspective of Sustainable HR
Sustainability has become a critical issue for businesses today. The role of HR is important in every business firm because without HR businesses can’t be sustainable in their profit. Business institutions provide goods and services to consumers because business is buying and selling products to earn profit. Every organization is always trying to sustain its profit with a help of HR. For suppose if your company earned a profit of 50000 thousand dollars in 2021 than first off your company will try to sustain your profit in 2022 now writing about most famous companies which names are Amazon, Wal-Mart, Toyota, Etc. And all other companies are sustainable in their business (sales, revenue, and shareholders) because they have sustainable HR on another side Nokia and blockbuster companies couldn’t sustain their revenue. It means they do have not sustainable HR as compared to Samsung and apple nowadays every company wants be improve their sales and revenue then they must hire specialized employees, they must be motivated and give rewards as well as facilities to employees then their sales and revenue will be improved. Every successful or failed stable business is the main example of sustainable or unsustainable HR. The business aspect of sustainability is the most populated section of the journal and also the oldest our paper address new empirical findings that are of interest to a broader audience, theoretical analyses explaining new phenomena or puzzles, or the development of theoretical or empirical methods likely to be useful for the further research – all within the effects of sustainability issue this section covers in inter and transdisciplinary multifold of science concerned with the analysis of three different pillars of economic and business and management improving and sharing the knowledge base in an efforts to move towards sustainability the main scope of this section is to stimulate cross-sectional exchanges for the development of new policies new technologies new products and new awareness towards new sustainability-oriented society.