Preface

Summary

Human Capital aims at reinforcing an important concept that people are the fundamental force behind every successful industry. Almost every organisation declares that people are its most important asset, but very few live upto it. Management slogans like ‘concern for people’ are not applicable anymore. Today people want to be independent and decide on their own, what is good for them. Right to manage, which is considered a prerogative sacrosanct to the management, would soon cease to have any relevance. Human Capital makes efforts to bring out people-related issues and the best way of handling and motivating people for peak performance.

An organisation works to motivate and enable its employees to develop and utilise their full potential in support of its overall goals and objectives. Organisations also work to build and maintain work environments that support their employees and create a climate conducive to performance and personal growth. There are many books on Human Resource Management, with research concepts, theories and techniques that are valuable for managers and academicians. But every human being is unique and therefore, each situation warrants a different approach and style. Management tactics can at best offer ideas. There are no cookbook approaches, which can be universally applied to solve all people-related issues.

Human Capital focuses on the behaviour of people in real life situations. It is a reference book imparting the knowledge of practical applications to managers because it is based on many years of experience in Human Resource Management (HRM). This book will be of interest to the academicians and students seeking to widen their knowledge on HRM.

I have presented few examples of organisational problems and solutions.