Seybold Report ISSN: 1533-9211
Dr. Munmun Goswami, Prof. Chinmoy Goswami, Dr. Kavita Chordiya, Dr.Veldandi Ramchander Rao, M S Kishan Varma, Dr. Maryam Hanzala Tariq
Vol 18, No 7 ( 2023 ) | Licensing: CC 4.0 | Pg no: 197-206 | Published on: 27-07-2023
Abstract
In recent years, a rising amount of research has shown a link between sustainable development and HRM. Although practitioners have access to rigorous research, different interpretations and overlapping terminology usually leave them confused. Human resource management (HRM) strategies included within a company's CSR programs are often categorized as sustainable HRM due to their linkages to sustainability, organizational ethics, and workplace justice. It is widely accepted that human resources may play a vital role in enhancing a company's long-term profitability by establishing employee- and societal-beneficial policies and practices. Recent focus has increased on the Sustainable Development Goals (SDGs) of the United Nations, particularly the ESG criteria that compose the standards for documenting and assessing eligible corporate activities. Human resource management (HRM) may be effective in the development and implementation of these practices, especially those with a social component. This article defines Sustainable Development, examines its growing significance to businesses, as well as clarifies the relationship between Sustainable Development and Human Resource Management (HRM). It describes the history of the Sustainable Development Goals (SDGs) as well as the 3 components — Environment, Society and Leadership (ESG) — that serve as the fundamental requirements for corporations to create and assess sustainable practices. The report concludes by defining sustainable human resource management and discussing the sustainable practices that Greek firms have embraced following the 2010 economic crisis. These efforts come mostly within the ESG Guidelines' social component. Driven by a desire to improve HRM's moral reputation, objective, or strategic relationship, this statement emphasizes the significance of HRM's engagement in sustainable development.
Keywords:
HRM, Sustainable, Techniques, Programmes, Development, Organization