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In recent years there has been a dramatic
shift in the way labor is pooled across
the globe. The influences of technology
and growth have effectively caused industry
leaders to have to change their focus
from the brute force of labor to the
actual quality of the workers available
throughout the world. This has produced
a shift in tactics for those who manage
Human Resources. Instead of
gathering up workers in a huge net and
sending them off to the fields and the
factories, it is now necessary to nurture
the working population by educating them
and developing their technological skills
so that they will be able to contribute
to the needs of the enterprises they
work for.
It is important today that
companies understand the value of increasing
a laborer’s output capability
by investing in, and adding worth to,
his
or her abilities, rather than finding
a mass of laborers who are willing
to work yet who are unqualified to
excel
in today’s highly technological
business environment. Simply put, the
idea is that, contrary to the old HR
theory that emphasized people as the
most fundamental asset to a company,
Human Capital Management, or HCM is
focused
on the right kind of people to get
the job done.
Indeed, the theory behind Human Capital
Management is first and foremost the
transformation of a
worker into a resource that is competitive.
Now, this of course is more easily said
than done. The entire Human Resources
industry is scrambling to keep up with
this trend,
and the most successful are those who
proactively seek to mold new labor into
an asset that is potentially profitable
to a company.
Those who achieve high
levels of success in managing human
capital are those who can harness the
power of
excellent leadership. The HCM industry
is still up and coming, and if an HR
firm or manager can effectively meet
the needs of companies by providing them
with labor
that is not only available, but qualified,
then the theory of Human Capital Management
will be more or less realized. But
how
does an HR firm or manager actually
go about successfully leading workers
to
a place
where they
are able to confidently proffer their
services to companies eager to employ?
Likewise, what does it take to guide
a company to a position in which it
can be ready to hire the right talent
at
the right time?
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