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challenge pertaining on human capital

1. Technology :
Technology driven work place is the new mantra.
It is just not the Amazons and the Googles of the world that require technology in enhancing
speed and value of the work processes and business outcomes. Manufacturing, logistics and
other service industries are majorly impacted by the infusion of technology and disruptions that
is no more a luxury but a “must have”. Using technology to gain speed and quality is very highly
rated as an enabling success factor to all types of businesses in the recent times. Those who get
left behind are going to pay a heavy price in terms of business outcomes. The impact of
technology in the successful running of the day-to-day has never been felt in the same way as it
is today. The question is, are we ready to make the investment and wait for it to start yielding
big returns instead of managing things manually “stretching” ourselves. It was unbelievable to
see how the world of "performance management " changed for the better with the infusion of
technology combined with innovative and "out-of-the-box" thinking on getting feedback.
A report to CEO related to preparing employees for the future organization and explain the challenges
and issue pertaining on human capital in HSBC. The report is sent my email to the CEO of HSBC, Mr
Mukhtar Hussain.

Dear Sir,

Human Capital management plays an important role in the recruitment process. It ensures that human
resource professionals hire individuals who really deserve to be in the organization. Recruiting the right
talent is of utmost importance. An individual who is not fit for a role will not be able to contribute much
in the long run. Talent acquisition is one of the most crucial responsibilities of human resource
professionals, often neglected in most organizations.

Employees are the lifeline of an organization. An organization can’t survive if there are no employees.
Organization runs with the help of individuals who contribute in their own way in its success and
productivity. Employees spend maximum part of their day in offices and strive hard to achieve the goals
and objectives of the organization. Employees ought to be motivated from time to time so that they
develop a sense of attachment towards their organization and deliver their best.

Same goes to HSBC, every employee in his/her tenure acquires some set of skills through his experience,
exposure, trainings and so on which further increase his/her productivity eventually benefitting the
organization. Knowledge and expertise which employees develop in due course of time to further
increase the productivity of organizations refer to human capital. Every employee tries his level best to
sharpen his/her skills during his stint with the organization. Human capital is defined as the collective
stock of skills, attributes, knowledge, expertise of employees which further plays an integral role in
increasing the productivity of the organization.

Human capital plays a crucial role in increasing the productivity and output of an organization.
Productivity in term on both quantity and quality are very important when you are an HSBC employee.