HUman CApital Management Essay

However, only since 2 decades ago, he whole finale of human resource management changed drastically due to extensive crop of internet, wireless connection and Steve Job. This paradigm shift of HRM was mooted by most of the flummox 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 part changed role from hiring and administrating manpower for the company to engaging and managing talent and human neat to add value to the organizations exercise and success.The trend was complete that human apital or the people of the organization are the core which shall be well capitalised requirement changed drastically. One of it is the performance management of this human capital. This books analysed on what are the problem faced in measuring performance management or appraisal of staffs, the factors prompting organization to reconsider or overhaul their perform ance management system and on how organization could purify 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 business environment which are caused by globalization, new surface of people management, knowledge economy, generational expectations, technology advancement etc. reciprocation to improve performance appraisal leads to aspect of new philosophy of HRM, change appraisal model, Strategic Human Resource Management (SHRM), and defined roles of managers.