India: HCM the New Hot Trend

Human Capital Management seems to be catching on in a substantial way across the Indian management space. More and more Indian organizations are beginning to streamline their People Management processes in-order to generate greater productivity levels as well as create a better 'Employee Friendly' culture. 

Human Capital Management enables a more cohesive methodology when it comes to Knowledge and Information Management across the board, which in turn helps in continuous fine tuning of People Processes in an Organization.  

Make no mistake, the current scenario (Read: Recession/Layoffs) will cease to exist (at least partially) in another 18 months time. Organizations which are currently operating under the belief that they can continue with archaic People Management Systems because their employees 'are not going anywhere' in the current scenario, may witness a large scale exodus of talent as soon as the first signs of recovery become visible. One might think that these Organizations would have no problems 'refilling' the vacancies, but any good Manager/CEO will tell you this: It is Never Easy To Get The Right People for The Right Job even in the Best of Times! 

I came across this good article by Usha Prasad at the CIOL website. Its worth a read and serious consideration:

Indian enterprises adopting HCM in a big way