Today's economy is knowledge economy. In this knowledge economy the business has become dynamic in nature. It is vital that the decisions that are taken for the organizational development are also dynamic. In this changed business scenario, the human resource department in the one to face the challenges that are arising in this changed environment. The knowledge economy influences the functions of HRM in the organization. The department needs to think of new for recruitment, technology etc to meet the challenges posed by the knowledge economy. The department needs to take these decisions to enhance the overall organizational development. It is a proven fact that human resource is the most important aspect for organization. The organizational development will hamper if the HR department does not work proactively in this dynamic culture. The paper aims to study and understand KM for HRM theories.
In the following paper we are going to discuss such highlights which affect the human resource in an organization due to the knowledge economy and its dynamism. We are going to take into consideration such theories which contribute to the knowledge sharing in the organization. The paper will further take into consideration the recruitment process, performance assessment, rewards and other such areas of HRM which are having direct affect on the knowledge sharing.
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