Human Capital Management (HCM) is a set of human resource practices focused towards providing specific competencies to the employees of an organisation.
Human Capital management refers to managing an organization’s employees for them to contribute significantly in the overall productivity of organization. In a layman’s language managing workforce of an organization refers to human capital management.
Human Capital Management is defined as the process of acquiring, training, managing, retaining employees for them to contribute effectively in the processes of the organization.
In simpler words, upgrading the existing skills of an employee and extracting the best out of him/her refers to human capital management.
“Human Capital Management is a strategic approach to people management that focuses on the knowledge, skills, abilities and capacity to develop and innovate possessed by people in an organization”. By- Baron
Ex: Wipro had cloud based HCM modules.
Shared by Civil Services Gurukul
For more detail refer Booklet.
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