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Human Capital Management

definition, synonyms and explanation



What is Human Capital Management

Human capital management (HCM) is a term used to describe the process of managing people in an organization. This includes recruiting, hiring, training, and development. The goal of HCM is to help organizations get the most out of their employees by maximizing their potential.

Human Capital Management explained

Human capital management (HCM) is a strategic approach to managing human resources that focuses on improving organizational performance by developing the skills and knowledge of employees.

The goal of HCM is to create a workforce that is better equipped to meet the challenges of a constantly changing business environment. HCM strategies are designed to attract, retain, and develop the best talent in an organization.

HCM involves all aspects of HR management, from recruiting and hiring to training and development to performance management. It also encompasses HR data and analytics, which can be used to identify trends and make decisions about workforce planning.

The ultimate goal of HCM is to create a workforce that is aligned with the strategic goals of the organization and that can contribute to the achievement of those goals. When done correctly, HCM can lead to improved organizational performance, higher employee engagement, and a more positive work environment.

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