Human Capital Management | What is HCM? | Great Learning

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Human capital management or HCM includes a set of practices related to people resource management. These practices are focused on the organizational need to provide specific competencies and are implemented in three categories: workforce acquisition, workforce management, and workforce optimization. It also transforms the traditional administrative functions of human resources departments, like recruiting, training, payroll, compensation, and performance management, into opportunities to drive engagement, productivity, and business value. Furthermore, Human Capital Management also helps organizations in hiring the right people. This prevents the hiring of employees who don’t really fit at the said organization. In this course, the topics that we will put under the microscope include workforce planning, competency management, compensation planning, and strategy as well as time and expense management.

00:00 Introduction
02:45 What is HCM?
08:54 functions of HCM
13:53 Talent Acquisition
21:05 Performance Management
24:16 Compensation Management
30:23 HCM models
37:05 Strategic HCM
40:27 Summary

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