Human Capital Management (HCM)

Human Capital Management (HCM) is a strategic approach that organizations use to attract, develop, manage, and retain their employees. It encompasses processes like recruiting skilled staff, training and developing their capabilities, managing payroll and benefits, and ensuring a productive work environment. The goal of HCM is to optimize the workforce to meet business objectives, improve employee engagement, and support overall organizational success. Essentially, it treats employees as valuable assets or "capital," emphasizing the importance of investing in people to drive growth and innovation.