The workplace has undergone a transformational shift in the past decade. Globalization, talked about for so long, has finally become a reality – with 80% of goods and people now able to move freely across national borders. Re-engineering has driven operational cost down to new levels; and the human side of corporate achievement has taken its toll; over half the world’s workforce believe the hours and stress of their jobs impacts their health and welfare.

Yet the demands required from the human asset to ensure that corporate goals are achieved continues to grow.

And where is the Human Resource function in all of this? Are they adventurous pioneers or frustrated laggards? And do they indeed even have a role to play? Well apparently so if investment in enterprise technology is a useful indicator – Human Resource Management (HRM) is currently second only to Finance and Revenue in expenditure levels, and is growing at 13% per year.

But what are the real challenges this investment is attempting to resolve, and what is the route map firms are adopting in turning this technology investment into human capital advantage?

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This article is part of Axon's Human Capital Transformation Process.  To view other articles in this process please visit the Human Capital Transformation page.