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 […]
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 […]
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 […]
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) 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.
Confused about the types of HRIS systems: HRIS vs. HCM vs. HRMS when researching new HR technology solutions? These acronyms have befuddled many in the industry as vendors, marketing professionals and analysts seem to interchange the use of these terms when marketing their technology solutions. There are lots of other acronyms being used to describe […]
HRIS, HCM, HRMS – if you’re confused about the difference between these HR technology systems, you’re not alone. Thanks to vendors, marketing professionals and analysts interchangeably using these terms when marketing their technology solutions, these acronyms have befuddled many in the HRIS industry. There are lots of other acronyms being used to describe HR software […]