Human capital management – Definition and Importance
An organization, where employees have better training, superior understanding of every procedures and overall job satisfaction, stands at a better place compared to its competitors. An organization that fails to invest in good human capital management practices or working with companies providing efficient management and HR advisory services stays behind in competition and slowly goes out of business. Treating employees as an investment is very necessary for a business. This means that one will need to respect them in the same manner as they respect anything valuable around them. This procedure is known as human capital management and effective handling can provide long term benefits in many ways. Let’s find out the meaning and importance of human capital management. Human capital management – A definition Human capital management (hcm) solutions is a process which involves systematically recruiting, managing and developing a workforce. Companies with strong HCM view its