The Necessary Human Capital Systems
I have been an HCM consultant for the last 7 years and have had the opportunity to work on various modules of HCM - from Recruitment Solutions to Core HRMS to Appraisals. In this forum, I intend to share some of the knowledge that I gained over the years - both systems and processes. What is Human Capital Management? In the industrial era, people in the organization were managed through a "personnel" department. This is akin to the current human resources department, but "personnel officers" were mostly involved in labor relations and company law. Their routine was mostly restricted to operational and benefits management. A couple of decades ago, the concept of viewing "people" as an "asset" of the organization emerged and led to "Human Resources". The human resources team is involved in entire life cycle of the employees - From Recruitment to Retirement. Their work is more strategic and advisory in nature and deals with culture, ...