The world of work as we know it is rapidly changing. Even as little as two decades ago, the times were calmer than they are today. However, that doesn't mean that we didn't experience change back then. On the contrary, we were, as we are today, in a state of flux. Today, however, the changes appear to be happening more rapidly.
This rapid changes put more pressure on management and especially on the management of your greatest asset; human capital. Effective management of Human Resource (HR) is considered a distinguishing characteristics of successful organizations. In such organizations, the HR function has moved beyond it's traditional role to occupy a strategic position. HR fulfills its new role by actively focusing itself in the organization's direction. Value adding and innovative HR practices for building competencies and developing high commitment are found in these organizations. HR is accountable for tangible results both qualitatively and quantitatively. This approach ensures that the human capital is a source of sustainable competitive advantage.
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