Magazine article HRMagazine

In the Decade of Human Capital, HR Must Lead

Magazine article HRMagazine

In the Decade of Human Capital, HR Must Lead

Article excerpt

Shortly before this issue of HR Magazine hit your mailbox, the Society for Human Resource Management (SHRM) wrapped up its 2015 Annual Conference & Exposition. More than 15,000 HR professionals from around the globe converged in Las Vegas to focus on how our profession can thrive. For four sun-filled days, Las Vegas became the HR capital of the world.

I shared my belief that we are in the decade of human capital, a time when talent is seen as the real power behind business and organizations are drawing clearer lines between people strategies and business success.

Many signs point in this direction. When the Conference Board asked CEOs, presidents and board chairs about their most critical challenges, human capital topped the list. A survey by the SHRM Foundation and the Economist Intelligence Unit revealed a similar finding that people management is the lead challenge facing organizations for the foreseeable future. Moreover, the World Economic Forum recently commented that talent, not financial capital, would be the key link to "innovation, competitiveness and growth in the 21st century."

Leaders everywhere are quickly recognizing that having the right talent is imperative in a complex and volatile world, where so many forces are beyond our control. Technology is raising the bar on the education and the skills that workers need. It is creating new jobs and industries, while making others obsolete. Businesses must therefore have effective strategies in place to find and develop the talent they need to succeed. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.