The ONE Thing: Human Capital Management

Are you still relying on a traditional human resources mentality to grow and manage the people within your organization? If so, it’s likely keeping you from acquiring and retaining top talent.

Effective human resources departments have embraced a new paradigm, “Human Capital Management” (HCM). This ideology recognizes that employees are assets managed and developed through a system of activities. Such a system considers acquiring, growing, keeping, and optimizing your workforce.

It is essential to understand the difference between a resource and an asset. We use resources, but we grow assets. Leadership must refine all elements of their system to extend the life of those assets and achieve a maximum return on investment in them.

Howard Shore discusses HCM vs. Traditional HR practices in this episode of Restoration Today!