A Guide to Human Capital Management
Companies opt for various strategies to improve employee engagement and productivity and increase business value. They use Human Capital Management (HCM) to improve the effectiveness and efficiency of employees to meet the goal. HCM is a set of practices that an organisation incorporates to manage various tasks including training employees, performance management, payroll administration and maintaining records. Organisations use HCM to recruit reliable candidates, manage their workforce and improve performance. Functions of Human Capital Management Hire Talented Employees Hiring suitable candidates to fulfil organisations' demands is the key function performed by HCM. Using the HCM system, employers can present their companies as great places to work, attract more candidates and improve hiring efforts. This helps find talented candidates for various job roles in the staffing process. Onboarding Human capital management (HCM) performs efficient onboar...