HCM (Human Capital Management)

Investing in human capital can boost the creativity and productivity of employees and therefore the profitability of an organization. Human capital management (HCM) is a set of practices and tools used to recruit, manage, and empower employees. Good human capital management improves workforce productivity and helps HR people recruit, motivate, and retain employees.

 

HCM goes beyond traditional and administrative functions to include more strategic disciplines such as talent management and employee engagement.

 

HCM also refers to the category of software organizations use to automate the recruitment, management, and development of their workforce.