Human Resource Management evolved itself over the years. From maintaining the industrial relations to Personnel management till HRM and HRD, it has transformed itself from time to time to meet the organizational/market needs. Humans, in any organization are the best resources. Managing these resources is what we call HRM. With globalization, introduction of millennials into the workforce and wide technological intrusion,HRM is about to face some new and achievable challenges. Maintaining the workforce diversity and continuous engagement of such radical workforce will be the greatest challenges. This paper talks about some such challenges faced in HRM in 21st century for the future – A shift from Human Resource Management to Talent management. Today, the HRM is successful in becoming a strategic partner from the onceso-called happiness and wellness department.In addition,a few recommendations to handle the challenges are made at the end.

Keywords: Human Resource Management; Employee engagement, Workforce Diversity, Training and Development; Talent.