HUman CApital Management Essay Example for Free

HUman CApital Management EssayHowever, only since two decades ago, he whole culture of human resource management changed drastically due to extensive influence of internet, radiocommunication connection and Steve Job. This paradigm shift of HRM was mooted by most of the present Fortune 500 companies such as Apple, Google and Bloomberg. These companies which was formed about two decades ago changed the landmark of Human Resource Management. Human Resource section changed role from hiring and administrating workforce for the company to engaging and managing talent and human capital to add value to the organizations cognitive operation and success. The trend was established that human apital or the people of the organization are the core which shall be puff up capitalised requirement changed drastically. One of it is the effect management of this human capital. This literature analysed on what are the problem face in measuring performance management or judgment of staffs, the factors prompting organization to reconsider or overhaul their performance management dust and on how organization could improve the performance management system to suit current SHRM environment which the workforce demands.The problems with the appraisal system were found to be standard of performance measurement, more Judgemental n appraising, poor skills of appraiser and the frequency of performance appraisal. These shortcomings are due to the evolving nature of phone line environment which are caused by globalization, new approach of people management, knowledge economy, generational expectations, technology improvement etc. Discussion to improve performance appraisal leads to aspect of new philosophy of HRM, improved appraisal model, Strategic Human Resource Management (SHRM), and defined roles of managers.