Personnel Management within the Employees' Organization

It is now twenty years since Peter Drucker alleged that personnel management was bankrupt. In the interim, the role of personnel management has developed steadily. It is ironic that today, when many large and small companies are going into liquidation that personnel management is far from bankruptcy and is in increasing demand to cope with business problems. Why should this be? What are the factors that are making personnel management strategically important in today's organizations?