HRM And Circular Economy: Driving Workforce Development And Sustainability In India

Abstract

The shift towards a circular economy (CE) has redefined business strategies, emphasizing the need for sustainability in production, resource utilization, and waste management. This article explores the evolving role of Human Resource Management (HRM) in supporting the transition to a circular economy by promoting sustainable workforce practices. It reviews the importance of HRM's involvement in creating sustainable business models, fostering workforce innovation, and cultivating environmental awareness among employees. Through an examination of literature, examples, and case studies, the article provides insights into effective HR practices for achieving circular economic goals. Recommendations are made to align HR strategies with circular economy principles, suggesting how HRM can contribute to both workforce development and sustainability initiatives.