HCM is an indispensable toolset for HR managers. Actually, the term started to appear increasingly in the 2010s, replacing the human resource management (HRM) term used before. According to
Afiouni, it’s aimed at emphasizing the complexity of human nature and the value humans can create: they are just resources used to complete something, but a capital that must be properly managed and invested in, so it can generate more value.
That’s true. We are complex and highly productive beings, able to generate innovations, solve complex problems, and cooperate to create true wonders, from architecture to machines. But we need to be managed properly for that. We need to be satisfied, understood, motivated, and well-taught, and all of that needs investments. Human resource management is about organizing a pro
Jamal & Saif’s research shows directly that knowledge-intensive firms investing in human capital, i.e. educating and fostering its people, are much more productive. But today, the world itself is knowledge-intensive. According to
the UN recent report, growing globalization, interconnectedness, labor mechanization, and technological development are the major trends nowadays that will dominate the future. Those who harness the power of innovations and knowledge will outperform everyone, so make sure to pass here!
Let’s see several brilliant human capital management examples from recognized companies to see how they empower their people.