Have you heard of human capital management (HCM)? HCM refers to the entire suite of activities an organization undertakes to optimize and maximize the value derived from the organization’s employees. Essentially, HCM strives to make recruiting employees, managing employees, and employee productivity as optimal as possible.
HCM typically includes the entire set of activities involved in this, from before an employee is brought onboard through the person’s entire tenure with the organization. HCM needs to take into account the organization’s current and future situation, including its vision, mission, goals, budget, competitive landscape, and more.
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