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What is Human Capital Management?

Human capital management (HCM) involves managing all aspects of the employee life cycle—which is obviously easier said than done. If you’re new to the HR industry, this umbrella may seem intimidating. In this article, we’ll break down the basics when it comes to human capital management.

What are the benefits of Human Capital Management (HCM)?

The biggest benefit of HCM is that it allows organizations to get maximum value from their employees. It simplifies human resource duties and offers several other benefits. Further, human capital management can help businesses: One key advantage of HCM is that it provides a process for managing a company's people resources.

How do you develop a human capital management system?

Developing an HCM system starts with defining and understanding your company’s purpose (vision) and core beliefs (values). These directly impact the workplace culture, how people behave and the overall importance of the human capital in your organization.

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