JURJ

Globalization and Human capital: Impact and challenges

Author: Dr. Jaya Kundanani

Abstract: Management role has been significantly changed and becoming more important to operate all function effectively. With the emergence of HRM, it has helped HR professionals to develop organisational strategies and policies. They now consider employee as the most important resource for organisational success. Organisation in present following humanistic approach instead of instrumental approach to make healthy interpersonal relationship. Globalisation has also increased opportunities for employees development. As I live in Australia, being a multicultural country, I observed that people are coming here from different countries to fulfil their career desires and companies are also capable enough to find the workers as they want. In this paper the impact of globalisation on human capital has been discussed with its positive side and challenges. The study is based on secondary data which is collected from various books, journals and publication from various websites which focused on various aspects of requirement of human capital and globalisation in HRM.