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Human Capital Management (HCM)

Human Capital Management, or HCM, is the effective acquisition, employment, and development of a company’s employees through strategic and tactical practices, processes, and applications in order to maximize their economic value.
 
To be most effective, the set of Human Capital Management practices, processes, and applications should be focused on the organizational need to provide specific competencies.
 
Strategic and tactical competencies may include:
 
Administrative Support
  • Personnel Administration
  • Benefits Administration
  • Payroll Administration
  • Rules and Procedures Administration
  • Employee Self-Service Portal
  • Employee Information Management
  • Employee Service Center
  • Employee Self-Service
Strategic and Tactical Support
  • Organization Visualization
  • Workforce Planning and Contingent Workforce Management
  • Recruitment and Hiring
  • Onboarding
  • Compensation Planning
  • Competency Management
  • Performance Management
  • Time and Expense Management
  • Workflow
  • Education and Training
  • Reporting and Analytics