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.
