Human Capital Management (HCM) is the strategic approach to managing an organization’s workforce, focusing on recruitment, development, and retention to maximize employee potential.
- What is human capital management (HCM)?
Answer: It is a strategic approach to managing workforce potential. - What are key components?
Answer: Components include hiring, training, performance, and succession planning. - What are the benefits?
Answer: It improves productivity, engagement, and organizational growth. - How does it differ from HR?
Answer: HCM is strategic, while HR includes operational tasks. - What tools support HCM?
Answer: Tools include HRMS and analytics platforms.
