Human Capital Management

What is Human Capital Management?  

HCM, which stands for Human Capital Management, is the set of practices an organization or company uses for hiring, managing, developing, and optimizing their employees to increase the value they provide to the company.  

What practices are included in Human Capital Management?  

  • Workforce planning 
  • Recruiting and hiring  
  • Compensation planning 
  • Training of employees 
  • Attendance of employees 
  • Payroll 
  • Performance management 
  • Workplace management 
  • Compliance 
  • Reporting and analytics 
  • Retirement services 

Benefits of Human Capital Management 

  • Improve human capital management 
  • Enhance the recruitment process 
  • Identify capability gaps 
  • Improve organic growth 
  • Improve productivity and efficiency 
  • Improve performance reviews 
  • Allows better company planning 
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Hanan Ashraf
A strong believer in the power that words have over people, Hanan works on producing content that is creative but at the same time graspable for readers. A content writer and digital marketing intern, she loves to write about automation, HR, performance management, and employee wellbeing.