INTRODUCTION
The concepts of talent management, competency management, human resource and organization development, knowledge management and human capital management are intertwined concepts in human resource or people management in an organization that reflect the growing importance of the “people” and the leadership roles in business organizations to ensure sustainable corporate success and growth in the increasing global competitive environment.
Competitiveness measures in today’s global economy have always been associated with financial performance measures in term of values of corporate assets, costs, risks, profits and losses. It is along this concept that there have been paradigm shifts from personal administration to human resource management and more recently to people and human capital management; from considering costs of employee salaries and benefits, training and development, and other personnel amenities as expenses to investments that add value to the human capital; and from considering human resource function as cost center to a profit center.
INTRODUCTION
The concepts of talent management, competency management, human resource and organization development, knowledge management and human capital management are intertwined concepts in human resource or people management in an organization that reflect the growing importance of the “people” and the leadership roles in business organizations to ensure sustainable corporate success and growth in the increasing global competitive environment.
Competitiveness measures in today’s global economy have always been associated with financial performance measures in term of values of corporate assets, costs, risks, profits and losses. It is along this concept that there have been paradigm shifts from personal administration to human resource management and more recently to people and human capital management; from considering costs of employee salaries and benefits, training and development, and other personnel amenities as expenses to investments that add value to the human capital; and from considering human resource function as cost center to a profit center.
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