What is Human Capital Management?

Human capital management (HCM) refers to the strategic approach of managing and developing an organization's workforce to maximize their potential and drive business success. It encompasses various practices and processes such as talent acquisition, onboarding, performance management, learning and development, employee engagement, and succession planning. HCM focuses on aligning the skills, knowledge, and capabilities of employees with the organization's goals, promoting employee retention, productivity, and overall organizational effectiveness.