Since the mid-twentieth century, in developed countries with developed market economies, we have witnessed a new view on the role of human resources being formed in corporate processes and in society. It goes without saying, that this change reflects the gradually increasing importance of information technologies in all fields. As a result, existing theories on the factors that promote the growth of economic systems are being reassessed. In the late 1990s, the position of the human factor in the world’s market economies as well as in society fundamentally changed, thereby driving changes in human resource management (HRM). This new concept, role and definition of human resources in the business environment were fostered by the newly emerging knowledge economy and are referred to as the new economy.