In my HR working experiences, the emerging issues in HRM for any organization are mostly hinged on effective employee performance appraisal, training and development, talent management, organizational culture, and many more but are less focused. If you plan to do an HR project, I think you should consider the given issues, select one, list out the characteristics/components of the issue, collect proven factual data, and make an analysis. It is better to choose a specific organization for your HR project.
Wish you soon have a good project.
Regards,
Vinh