Human capital management as a very critical function for any organization is an accepted fact. The degree of criticality might vary with the nature of the organization; even with high levels of automation setting in, the importance of managing human capital cannot be undermined. To stay ahead of competition, organizations have to concentrate on having the most efficient people and processes in place. Processes, as important as they may be, are getting streamlined and standardized due to the highly prevalent benchmarking practices. Some of these practices include automation, virtualization and establishing policy-driven frameworks. As processes get standardized across organizations, their contribution to making a substantial difference to the competitive advantage of organizations would reduce with time.
