Economics and Business Perspectives of Sustainable HRM

Abstract

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.