The healthcare industry is one of the biggest industries in the world today. Most of us have an idea that the healthcare industry is all about doctors, nurses, medications, operating theatres, and patient care. But honestly, there is much more to this industry than the roles mentioned above. There are many professionals in the healthcare […]
10 Recommendations to Prepare for Your HCM Implementation
You’ve spent months, potentially years, researching, evaluating and choosing the right HCM system for your organization. Your firm eventually approved the investment in this new human resource management system, and at the end of the day, you are ultimately responsible for either the success or failure of the implementation. You are eager to get a […]
The Difference Between HRIS, HCM, and HRMS
For companies exploring HR technology, acronyms like HRIS, HCM, and HRMS can prove confusing at first. What are the differences between these terms? How does each technology impact the way companies do business? Sometimes these terms are used interchangeably, which only adds to the confusion. Also, there are at times an overlap of critical HR […]
Difference Between HCM and HRMS
HCM vs. HRMS “HCM” stands for “Human Capital Management”, while “HRMS” stands for “Human Resource Management Systems.” There are many similarities between Human Capital Management and Human Resource Management Systems. The most important is that both deal with the Human Resource Department, which is the specialized office of a company or business that deals with […]
What is Human Capital Management (HCM)?: Relationship between HRM and HCM
Human capital management is a set of practices and processes related to hiring the right people, managing the workforce effectively and improving productivity. What is Human Capital Management (HCM)? Human Capital Management is the set of practices, concepts and processes implemented in organizations to manage productivity and employee satisfaction in the work environment. In any […]
5 Key Functions of Human Capital Management (HCM)
Human capital management (HCM) provides an overall strategy to guide talent acquisition, recruitment, employee training and development, performance appraisal, and feedback. What is the Role of Human Capital Management in an Organization? Human Capital Management primarily focuses on core administrative HR functions and transforms the traditional administrative functions of human resource management – HR planning, […]
What are the Advantages of Human Capital Management (HCM)?
Human Capital is a measure of the skills, knowledge, abilities and social and personality attributes that influence employee productive capacity and earning potential to produce economic value. Successful companies regard their employees as their most valuable asset and greatest investment. However, as the company grows, the management of people within an organization is much more complex. Really, managing human capital doesn’t have to be such a big challenge.
Human Capital Management (HCM) – Quick Guide
Human capital management (HCM) is the act of systematically recruiting, managing and developing a workforce. An HCM mindset views employees as company assets to be invested in so that their organizational value can be maximized. The important responsibility of HCM often falls on a company’s human resources department, as they generally play a crucial role in who’s hired, how efficiently talent is managed, and how seriously employee development is taken.