What is Human Capital Management (HCM)? HCM Explained

Human Capital Management, or HCM, is a set of practices and processes a business uses to acquire, develop and optimize its workforce. It plays an essential role in helping HR managers and executives make crucial decisions around workforce costs and future workforce needs as well as promotions, training and HR operations. HCM improves the business value of each employee while simultaneously helping your workforce feel more valued and, thus, improving productivity and success.

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