Human Capital Management | What is Human Capital Management?

What is a Human Capital Management (HCM)?

Human capital management, also known as HCM, is all the processes implemented by HR. It includes both core tasks and strategic initiatives. It can help employees in their roles. It is the collection of processes designed around the topics of recruitment, management, development, and improvement of employees such that it adds value to the company.

Human capital management focuses on both employees and the structures of different groups, teams, or entire departments working on a project. It is concerned with the entire process, rather than just the individual of a team. In that sense, HCM is an all-encompassing activity that handles the project as a whole, while still staying focused on the skills and abilities of people within your workforce.

Also, See: Human Resource Information System (HRIS) | Human Resource Management System (HRMS)