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 […]