Human capital is in fact the biggest risk impacting business performance in today's growing and competitive environment, and although, there has been a management evolution in India, the maturity is not at that extent that it can identify human capital as a critical risk.
Human asset is an important variable in any organisation, and the growth of a progressive organisation is dependent on the means of alignment of the right resource at the right time. Outsourcing HR services is an essential requirement to ensure that the corporate meets the dynamic changes confronting the industry on the HR front, and harness assistance in aligning their businesses. Human capital is infact the biggest risk impacting business performance in today's growing and competitive environment, and although, there has been a management evolution in India, the maturity is not at that extent that it can identify human capital as a critical risk. As a process function, the very role of HR remains limited, and requires constant upgradation with infusion of new skills, technology and knowledge. Specialized outsourcing partners bring with them years of experience in business practices, with a better understanding of domain knowledge, and, deliver requirements on the basis of their understanding, thereby leading to an increase in productivity and efficiency in the entire process.
Advantages of an external specialist organisation
Internal training processes function as a value add, and yet, there is also someone on the outside, who is better informed, is armed with superior education, and suited to broaden a workforce's collective skill sets, and bring about newer ways of thinking. Introducing external companies with expertise to conduct training can bring about drastic improvements in productivity, provided that it aligns with the strategic goals of the company. External training provides access to the best practices from the industry. By way of outsourcing, you can pick the best without any inhibitions.
This story is from the December 2017 edition of Human Capital.
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This story is from the December 2017 edition of Human Capital.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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