What is Human Capital Management (HCM)?: Relationship between HRM and HCM

HRM, HCM, HR

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 […]

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5 Key Functions of Human Capital Management (HCM)

HR, 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, […]

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6 HR Pillars for Developing a Human Capital Strategy

HR

Here, we will discuss 6 HR pillars every organization should be aware of when developing a strategic HR framework. Strategic Human Capital Management (HCM) Human Capital Management (HCM) is a set of practices that cover workforce acquisition, workforce management, and workforce optimization and that contribute to the overall productivity of an organization. Human Capital Management […]

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What are the Advantages of Human Capital Management (HCM)?

HCM, Human Capital Management

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.

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