Corporate world going through paradigm shift in managing human resources in the region

DUBAI — The region’s corporate world is going through a paradigm shift in the way it manages its people, thanks to the development in the science of human capital management.

By A Staff Reporter

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Published: Sat 11 Mar 2006, 10:05 AM

Last updated: Sat 4 Apr 2015, 7:28 PM

This was stated by a leading senior human resources development professional in the UAE at the first event of the Dubai Knowledge Village Training and HR Breakfast Club held this week.

Yahya Abdulla Al Marzouqi, Training and Development Manager, Borouge, part of the Adnoc Group said: “People are the most crucial capital in all organisations that are eager and enthusiastic to maintain a competitive edge in the market. It is only through people that organisations reach higher limits. Therefore, we need to shift from the typical human resources notion to human capital. In the current business world, one thing remains constant and that is change.”

On the issue of nationalisation, he said, “There is a fear of nationalisation today but we should not be overwhelmed by emotions. Every country requires nationalisation, but it has to be done in a systematic manner that maintains experience and integrity and recognises and rewards non-nationals who help in the process.” Dubai Knowledge Village’s Breakfast Club is a regular networking event that brings together officials of leading companies in Dubai and human development professionals based in Dubai Knowledge Village to network, exchange ideas and share knowledge.

Speaking about the objectives of the Training and HR Breakfast Club, Dr Abdulla Al Karam, CEO of Dubai Knowledge Village said: “Human development professionals have a key role in corporate success because in today’s competitive world, human capital makes the difference between progress and failure.”

A presentation examined the Dubai Human Development Award criteria and shed light on a number of practices pertaining to leadership, policy and strategy, succession planning, attracting employees, training nationals and retaining them.



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