Human capital management (HCM) ushered in a data-driven approach to hiring, performance management and payroll. HCM additionally acknowledges that staff members are a firm’s greatest asset — maximizing their skills and competencies to benefit the organization.
Within HCM is the social sciences topic of human capital — applying a value to a person’s education, talents and abilities, and their influence on society at large or, in this case, a firm. HCM emphasizes the importance of investing in staff members and