Define Human Resource Management (HRM). Explain why HRM is important in today's business environment. Among many challenges, explain ONE major challenge companies face in HRM & evaluate recommendations to overcome the challenge mentioned. Read Chapter 1 of the main text and explore further reading from journals & the internet. Write a report on the topic above based on the following: Description Marks Allocation 1 Definition and an introduction of HRM. 2 An analysis of why HRM is important today. 3 An analysis of one major challenge of HRM facing companies today. 4 Evaluation and recommendations to overcome the challenge as mentioned above. 5 Conclusion.