human capital management

Human Capital Management (HCM) is the strategic approach organizations use to recruit, develop, and retain employees. It emphasizes the value of investing in people, recognizing that a skilled and motivated workforce is essential for success. HCM involves various practices, including training, performance management, and employee engagement initiatives, aimed at maximizing employee potential and productivity. Essentially, it treats employees as valuable assets whose contributions can drive organizational growth and innovation, rather than merely as resources to be managed.