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Difference between HRM and HCM

HRM HCM
1.Employees are assets to be valued and preserved Employees are not company’s property; they are investors (of the knowledge belonging to them)
2.Cost centric approach Profit centric approach
3.Focuses on people Focuses on people and their knowledge
4.Reports to investors and stakeholders Reports to board, managers and employees
5.Added value Created value
6.Short term objectives Long term objectives
7.Planned Strategic

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