Hcm – Importance and meaning Share ✕ Updated on: 18th Jun 2024 1 min read HR Glossary HR Software Human capital management (HCM) is the employee management wherein from recruiting, managing, developing and improving aspects of an employee are looked after. The employees are seen as assets and to manage these assets well, HCM became a catalyst tool. HCM can be sub categorized in three categories: Workforce acquisition: this includes employee recruitment, onboarding, payroll management, ESS etc. Workforce management: this includes performance management, competency management, reporting and analytics, employee engagement Workforce optimization: training and learning, benefits, reimbursement.
