Impact of Globalisation and Technology on Human Capital:A Review of Literature

In the globalised world, the effective use of technology in the organisations has become indispensable. Technology has become an integral part of personal as well as professional lives. The easy availability of new technological tools has drastically changed the way the work is being done. It has become a virtually boundary-less world or a global village largely due to technology. Technological developments have improved the ways in which we communicate, has evolved the way we learn, and expand our capabilities. In view of these advances, focusing specifically on the human resource department, it has to function with a global mindset and be adept with the most advanced technology.

Though, it has many benefits, it comes with its own challenges. While, the challenges of globalization and updated technology are in numerous, this paper narrows down to the challenges it posits to the organizations as well as the human capital of the organizations