The document discusses the key challenges facing human resource management (HRM). It outlines several contextual factors that influence HRM, including globalization, changing workforce demographics, managing diversity, union attitudes, and work-life balance issues. Some specific challenges mentioned include identifying qualified candidates, adapting to increased competition, embracing change, and fully satisfying employees. The document then examines several challenges in more depth, such as managing a global and diverse workforce, union influence, keeping up with technological innovation, and containing costs while developing human capital. It emphasizes that HR professionals must help their organizations adapt to changing needs in order to succeed.