There has been a change of approach in the way that labour is reviews in the organisation and the modern perception emphasize on viewing labour as an investment and not as a commodity or resources. In this regard, labours has stared to be seen as a made of creative and innovative social being who are able to give the organisation a competitive edge. (Michael 2006, p. 42)
The term human resource has been changing to broader management and the concept of human capital has been applied more often in place of human resource. Therefore the modern perception of human labour has been changing the way organisation have been handling their human capital to a more liberalized way. It has been realised that having a competitive workforce can be an important way which can ensure that an organization creates a competitive edge that other organisation may find difficult to replicate.
Therefore the focus of modern human resource management has been looking at the ways in which the workforce can be motivated in order to have a more competent and motivated workforce. This has been shown to translate to a more productive workforce who increases the productivity of the organisation. This is because intellectual capital has been shown to be more important that financial capital that an organisation invests in its operation. The modern focus of human resource management