Human Capital Management | What is HCM? | Great Learning

Looking for a career upgrade & a better salary? We can help, Choose from our no 1 ranked top programmes. 25k+ career transitions with 400 + top corporate companies. Exclusive for working professionals: https://glacad.me/3E4lSRN

Get your free certificate of completion for the Human Capital Management course, Register Now: https://glacad.me/324Vsm6

Visit Great Learning Academy, to get access to 300+ free courses with 1000+ hours of content on Data Science, Data Analytics, Artificial Intelligence, Big Data, Cloud, Management, Cybersecurity, Software Development and many more. These are supplemented with free projects, assignments, datasets, quizzes. You can earn a certificate of completion at the end of the course for free. https://glacad.me/3IWHjYN

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.

00:00 Introduction
02:45 What is HCM?
08:54 functions of HCM
13:53 Talent Acquisition
21:05 Performance Management
24:16 Compensation Management
30:23 HCM models
37:05 Strategic HCM
40:27 Summary

Get the free Great Learning App for a seamless experience, enroll for free courses and watch them offline by downloading them. https://glacad.me/3cSKlNl

About Great Learning:
Great Learning is an online and hybrid learning company that offers high-quality, impactful, and industry-relevant programs to working professionals like you. These programs help you master data-driven decision-making regardless of the sector or function you work in and accelerate your career in high growth areas like Data Science, Big Data Analytics, Machine Learning, Artificial Intelligence & more.