HRM in the knowledge-based economy: is there an afterlife?

There is a clear shift in human resource management from a "service provider" to a "business partner"; however, the new requirements and needs can also be met by the line management or external parties. For this reason, the new development is at the same time an immense opportunity and a threat for the HR managers. We are convinced that the HR function in the future will be very different from that in the past. The companies that do not see this and do not act accordingly will have a serious problem with the core assets of the "new economy": the knowledge workers and the knowledge professionals.