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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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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Human Capital Management (HCM) – Quick Guide

HR, Human Capital Management (HCM)

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.

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Types of HR technology systems: HRIS vs. HCM vs. HRMS

HRIS, HCM, HRMS, HR

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 […]

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