Human Resource Competencies for Managing Challenges

Worldwide all organizations are facing lot of challenges, which influence the organization performance, survival and existence. Organizations spend most of their time to learn it and thinking how to overcome or manage those challenges. They have understood the importance of the development of Human Resource Competencies as one of the tools to overcome human resource challenges. Organizations believe that each manager and leader of the human resource function must develop competencies over time. The Human resource competencies are very important to the organization because they help to manage the challenges without any huge investment and other organizations cannot easily get them like other resources. Human Resource Management competencies are a core for every organization because performance of the organization depends on the effective role of human resource within the organization. When they involve more concentration on training and development as well as encouraging learning they can easily develop the competencies among the staff. Organizations must endeavour to capture their market capitalization through Intangible assets (Intellectual capital). One of the key constituents of Intellectual capital is excellent people. Developing Human resource competencies can contribute to make excellent people to the organization As top executive expects Human resource managers to assume a broader role in overall organization as strategy, many of these managers will need to acquire a set of competencies. The success of human resource professionals’ performance depend on the Human resource competencies which they posses. Therefore it is essential for human resource professionals to develop themselves to be effective managers. This paper offers answers to the questions such as what is the meaning of Human Resource competencies. And what competencies human resource managers need to succeed or develop? What is the meaning of Human Resource challenges, and what are the Human Resource challenges? Can the major challenges be countered by the Human Resource competencies? Keyword(s): HR Competencies, Challenges, Develop, Intellectual capital