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Introduction

Abstract:

Human capital management has become a critical issue across the globe. The demand supply shortage warrants that organisations start looking at talent in a different perspective. This chapter sets the tone for the book by discussing about the changing nature of human capital and the changing nature of human resources function.

Key words

human capital management

HR department challenges

Nature of work

HR outsourcing

Employee Relationship Management

Generation X

Y

Indias HR challenge

The changing nature of human capital

In an age obsessed with measurement, it is not surprising to note that organisations find it increasingly difficult to justify investment in people. However, the economy is becoming knowledge-intensive. ...

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