Human Capital Management through Emotional Intelligence for Global Competitiveness

International Journal of Research and Scientific Innovation (IJRSI) | Volume VI, Issue V, May 2019 | ISSN 2321–2705

Human Capital Management through Emotional Intelligence for Global Competitiveness

Dr Anupama K Malagi

Professor, R V Institute of Management, Bangalore, Karnataka, India

Abstract: Human resources, presently considered as Human Capital are the most valuable resources for creating global wealth, since it forms the means through which effective utilization of other resources is facilitated. Human resource management is a process of bringing together people and organizations for realizing their common goals. The paper intends to have an overview of the various issues pertaining to human resources and attempts to suggest a new paradigm focused on enhancing emotional intelligence, training and development in the context of globalization, creating a competitive environment and ushering in new social and corporate trends ultimately aimed at building the required human capital.

Key words: Human Capital, emotional intelligence, training & development, globalization

I. INTRODUCTION

Human resources, presently considered as Human Capital are the most valuable resources for creating global wealth, since it forms the means through which effective utilization of other resources is facilitated. Human resource management is a process of bringing together people and organizations for realizing their common goals. In this context, the role of HR Manager is no longer one that of a protector in the form of a personnel manager or a welfare officer but of a higher magnitude. There is a paradigm shift in the role played by a HR manager is that of a change agent and a strategic planner. In the changing context of global competition, need of the hour is mapping of competencies through appropriate human resource interventions/initiatives. The organizations across the globe are witnessing a paradigm shift in terms of organizational culture, working environment, multiculturism, among others. All these call for a need for multi-skill development to meet the global needs. The role of HR manager in terms of converting the human resources into human capital is thus assuming greater importance and relevance.
The paper intends to have an overview of the various issues pertaining to human resources and attempts to suggest a new paradigm focused on enhancing emotional intelligence, training and development in the context of globalization, creating a competitive environment and ushering in new social and corporate trends ultimately aimed at building the required human capital.

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