HCM (Human Capital Management)

Summary Definition: A comprehensive human resources strategy focused on managing and developing employees as key assets of the organization.

What is Human Capital Management?

Human Capital Management (HCM) represents a holistic strategy focused on managing and optimizing the most crucial asset of any organization — its people. This approach encompasses the entire spectrum of practices related to workforce management, including recruiting, hiring, training, and development, as well as performance management and retention strategies.

HCM champions recognizing employees as valuable assets whose contributions significantly impact the organization's success. This approach encourages organizations to invest in their employees' development through targeted training programs, career development opportunities, and performance incentives that align with broader objectives.

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